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  • #81
  • Jul 12, 2006 1:31pm Jul 12, 2006 1:31pm
I am testing the 24 hours time frame.

Quoting BenQ
Yardie, are you trading 24 hours or using the tradefrom/tradeuntil feature?
  • #82
  • Jul 12, 2006 1:32pm Jul 12, 2006 1:32pm
It may be. I rather do my own Money Management. I am doing a fixed 0.5 lots on a 10K demo account. Will change as it get bettr.

Quoting BenQ
Well, I am getting plenty of trades here, but I am also getting a lot of 131 errors in the experts tab. It sounds from pervious posts that that may be related to the MM feature. I guess I will start a new test with that feature disabled because that may be why I have so many losers.
  • #83
  • Jul 12, 2006 1:34pm Jul 12, 2006 1:34pm
Alsup if no trade is activated make sure your trading time settings is set for 24 hours. The manual has more information on that.

Your settings should look like this:

TradeFrom1=0
TradeUntil1=24
TradeFrom2=0
TradeUntil2=0
TradeFrom3=0
TradeUntil3=0
TradeFrom4=0
TradeUntil4=0


Quoting alsup1955
Hey Yardie
Everthing looks good, but no trades are activading, is that because volume is about zero this time of day...It was doing trades prior to me changing the mm to false...........................
  • #84
  • Jul 12, 2006 1:42pm Jul 12, 2006 1:42pm
Yardie, wouldn't .5 be lots be too much on a 10k account? You're trading seven pairs, right? Since a surf and a regular can be open at the same time, there's the potential for 14 positions being open.



Quoting Yardie
It may be. I rather do my own Money Management. I am doing a fixed 0.5 lots on a 10K demo account. Will change as it get bettr.
  • #85
  • Jul 12, 2006 1:58pm Jul 12, 2006 1:58pm
Quoting BenQ
Yardie, wouldn't .5 be lots be too much on a 10k account? You're trading seven pairs, right? Since a surf and a regular can be open at the same time, there's the potential for 14 positions being open.

Well, if he's using a leverage of 1:200 one miniLot is $50 so that means .5 lots is $250, right? And this times 14 equals 3500. Even a leverage of 1:100 would be enough.
  • #86
  • Jul 12, 2006 1:58pm Jul 12, 2006 1:58pm
Hendrick is changing this in the next version.



Quoting Yardie
Hey Hendrick,

What about regular order closing surf order? I have a lot of hedged positions open right now. Regular order is going one way and surf order the other. On a bright note my surf orders record so far is 6-1.
  • #87
  • Jul 12, 2006 2:08pm Jul 12, 2006 2:08pm
correction to my post quoted: I am not getting the 131 error on the platform that has the many losers. I am only getting that error on the SBFX platform.

Quoting BenQ
Well, I am getting plenty of trades here, but I am also getting a lot of 131 errors in the experts tab. It sounds from pervious posts that that may be related to the MM feature. I guess I will start a new test with that feature disabled because that may be why I have so many losers.
  • #88
  • Jul 12, 2006 3:12pm Jul 12, 2006 3:12pm
0.5 lot is $5 per pip. That is fine for me. Maybe aggressive for others though.

Quoting BenQ
Yardie, wouldn't .5 be lots be too much on a 10k account? You're trading seven pairs, right? Since a surf and a regular can be open at the same time, there's the potential for 14 positions being open.
  • #89
  • Jul 12, 2006 4:44pm Jul 12, 2006 4:44pm
Yardie, I'm doing the 24 hour as well, although I do like the idea of the tradefrom/tradeuntil feature. Setting the times would be nice, but it seems like the other features should take care of the volatile periods -- the other features being the safearea, safedistance and safepipsminute features. Are you using 240/60? I just started another version with a tighter safearea of 40. 40 was used in the previous H version. Are you using 40 or the deaulted 50?


Quoting Yardie
I am testing the 24 hours time frame.
  • #90
  • Jul 12, 2006 8:07pm Jul 12, 2006 8:07pm
I've been watching the Firebird thread with some curiosity, but I just started demo trading using Phoenix today. So far I've had pretty good results, although one day isn't much to go on. I'm curious what time frame everyone is using. I pretty much left all the defaults alone for now as I am demo trading at +2 GMT on 15 minute charts. I'm testing many pairs. Appreciate any feedback.

What I would love to see out of this system is the following, although admittedly it may be impossible to achieve. I would like to have the option of having the trade amount double after a loss on a currency pair. For instance say EUR/USD is stopped out at a loss and I had the trade amount set at .5. I would like the next trade on EUR/USD to trade 1 full lot. This is a strategy I use in manual trading that works pretty well. I actual double my lot size up to four times in a row. After that I must start over. Obviously to do this you must set the initial trading amount to 1/4 the size lot you can afford to trade according to your account. The nice part is that I can be wrong three times in a row and still become profitable overall on my 4th trade.

Also, to work the profit amount must at least be over half the stoploss amount. So if stoploss is set at 42, the profit could be set at 25. This way the system can be wrong 75% of the time and we still end up profiting. I'm just throwing out possibilities to help improve the system. If this is not workable or other traders do not agree I shan't be offended.

Thanks for your work on this Hendrick. I'm sure there are many others like me who have been watching these threads, but have yet to post.

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  • #91
  • Jul 12, 2006 9:19pm Jul 12, 2006 9:19pm
You should be fine with the M15. I think there's a couple people here working 30 minute charts (maybe lonespruce?). As far as TP and SL, change it to whatever you want. The default is 18/42, but if you've follwed the Firebird thread you'll see that many are on 25/50, 26/52, etc -- lots of different choices.

Quoting Tarheel
... Also, to work the profit amount must at least be over half the stoploss amount. So if stoploss is set at 42, the profit could be set at 25. This way the system can be wrong 75% of the time and we still end up profiting. I'm just throwing out possibilities to help improve the system. If this is not workable or other traders do not agree I shan't be offended.

Thanks for your work on this Hendrick. I'm sure there are many others like me who have been watching these threads, but have yet to post.

<!--[if !supportEmptyParas]--> <!--[endif]--><?xml:namespace prefix = o /><o></o>
  • #92
  • Jul 12, 2006 9:59pm Jul 12, 2006 9:59pm
Ok, i've done all things that Yardie has said to do.....I have the smily face up in the corner. I,ve changed the mm to false. changed the time frame to trade 24 hours, then draged it back to the chart and it still will not make trades...Down on the experts tab at the bottom it says its been initialized ////////////////


So please help???????????????????????????????
  • #93
  • Jul 12, 2006 10:09pm Jul 12, 2006 10:09pm
Well, how long has it been since you've done all this now? I have some open trades, but have not had any new trades initiated in at least two hours. Conditions have to be right. If you've just done all this within the last 2 hours then it's no big deal. If you have no trades by morning, then I would suspect you still have an error somehwere. It doesn't just enter trades to be in the market.



Quoting alsup1955
Ok, i've done all things that Yardie has said to do.....I have the smily face up in the corner. I,ve changed the mm to false. changed the time frame to trade 24 hours, then draged it back to the chart and it still will not make trades...Down on the experts tab at the bottom it says its been initialized ////////////////


So please help???????????????????????????????
  • #94
  • Jul 12, 2006 10:17pm Jul 12, 2006 10:17pm
guess maybe I'm impatience, i want o see it work...Hey Ben does the trade show up under the trade tab in the bottom left when its makes the trade....Earier today it was trying to make trades and it was showing the errors under the experts tab....but was not activating the trades
Tx Kevin


Quoting BenQ
Well, how long has it been since you've done all this now? I have some open trades, but have not had any new trades initiated in at least two hours. Conditions have to be right. If you've just done all this within the last 2 hours then it's no big deal. If you have no trades by morning, then I would suspect you still have an error somehwere. It doesn't just enter trades to be in the market.
  • #95
  • Jul 12, 2006 10:20pm Jul 12, 2006 10:20pm
I am using default for those settings.

Quoting BenQ
Yardie, I'm doing the 24 hour as well, although I do like the idea of the tradefrom/tradeuntil feature. Setting the times would be nice, but it seems like the other features should take care of the volatile periods -- the other features being the safearea, safedistance and safepipsminute features. Are you using 240/60? I just started another version with a tighter safearea of 40. 40 was used in the previous H version. Are you using 40 or the deaulted 50?
  • #96
  • Jul 12, 2006 10:24pm Jul 12, 2006 10:24pm
I hope Hendrick release the new versions soon. I see orders opened in the same direction one by Phoenix regular the other buy Phoenix surf and both are losing in some cases.
  • #97
  • Jul 13, 2006 2:34am Jul 13, 2006 2:34am
anyone have any early data on which pairs are working best? At the moment GBPJPY is losing most trades. I'm naturally wary of the spread on some crosses which will inevitably reduce profitability.
TRADE FOR SWAP
  • #98
  • Jul 13, 2006 3:06am Jul 13, 2006 3:06am
Can someone tell me if the InterbankFx 4 backtester is any good? I backtested Phoenix with standard settings on GBP 15min but got scary :surprised returns, like -$5500 for a month.
  • #99
  • Edited 5:03am Jul 13, 2006 4:30am | Edited 5:03am
Quoting Benna
Can someone tell me if the InterbankFx 4 backtester is any good? I backtested Phoenix with standard settings on GBP 15min but got scary :surprised returns, like -$5500 for a month.
Benna,

attached is IBFX backtest results of Phoenix v1.0 for almost 4 weeks, June 18, 2006 to today. You can see the settings in the report. The major change was tp=120 and sl=130. My local time is GMT -4.

If you can get $3,000+ profit per month with $5000 deposit on Live acct., we will all be

Wackena
Attached File(s)
File Type: zip StrategyTesterPhoenixv1.0.zip   10 KB | 510 downloads
  • #100
  • Jul 13, 2006 6:56am Jul 13, 2006 6:56am
Yes, it shows up in trade tab. You should see a couple trades by now if you're set up correctly.



Quoting alsup1955
guess maybe I'm impatience, i want o see it work...Hey Ben does the trade show up under the trade tab in the bottom left when its makes the trade....Earier today it was trying to make trades and it was showing the errors under the experts tab....but was not activating the trades
Tx Kevin
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