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  • #241
  • Jul 14, 2006 7:16am Jul 14, 2006 7:16am
Hendrick,

I was wondering if in your next version you can include the old "trade on friday option". I don't know if something like that is difficult to add in or not, but if it could be done I'd appreciate it. Thx.
  • #242
  • Jul 14, 2006 7:18am Jul 14, 2006 7:18am
Quoting BenQ
Hendrick,

I was wondering if in your next version you can include the old "trade on friday option". I don't know if something like that is difficult to add in or not, but if it could be done I'd appreciate it. Thx.
I think he already attached the new version to the first post. Is he going to come out with another?
  • #243
  • Jul 14, 2006 7:31am Jul 14, 2006 7:31am
I think it's very important for EVERYONE in here to know some basics in MQL4 (the language which is used to code EAs). I don't mean everybody should be able to make own working EAs but should be able to understand easy parts or most parts of Phoenix. Just look into it, google for "MQL4 howto" or sth. It pretty easy to understand. Then you don't have to ask other people to explain what simple structures in the Phoenix EA do. You would just open the EA in MetaEditor and read the (for you) important lines of code. If you still don't know what it is doing you can still ask of course. However, most of MQL4 is really easy, you can just read it like normal language and understand it. Hendrick is writing pretty userFriendly, too.
So let's go, and try to understand Phoenix's code a bit better. BTW, I would never ever use an EA with real money if I don't understand how it is working (not every detail but in general).
  • #244
  • Jul 14, 2006 8:19am Jul 14, 2006 8:19am
Quoting Hendrick
Hi Alan,

Please read this:
http://www.forexfactory.com/forexfor...&postcount=226
Hendrick,

Let me start by thanking you again for your work Phoenix to life. I'm not trying to be disrespectful to you, but I believe you didn't fully answer the question I posted.

I'm somewhat new to EA's in general. Do they take their timing from the PC's system time, or from the broker's trading software time source?

IFthe Phoenix EA it gets it's timing from the PC's system clock, your previous post is sufficient to get the Phoenix software timing synchronized for the timezone differences from GMT.

However, IF the EA clock and the times reported on the reports and charts are taken from the broker's clock time (NOT necessarily GMT time), other people's results could be wildly different from yours. I.E., my broker is FXDD and they are +3GMT. And all the timings of the events on the FXDD system (including charts and reports) do indeed reflect that. Perhaps this is why on the Firebird thread, people were always getting wildly different results.

So, when you are reporting the most profitable times to trade, they should be in GMT time so everyone can compensate appropriately. Otherwise, people are very likely to get wildly different results from yours even with the GMT time differences taken into account.

Respectfully yours,

Alan
  • #245
  • Jul 14, 2006 8:20am Jul 14, 2006 8:20am
anyone else trying a trailing stop?
TRADE FOR SWAP
  • #246
  • Jul 14, 2006 8:23am Jul 14, 2006 8:23am
Hi Alan,

Phoenix uses local time. Hendrick's time zone is GMT+2. When you're figuring out his trading times, or his gamble times, convert his time zone to yours, and adjust your settings file accordingly.


Quoting Sleuth
Hendrick,

Let me start by thanking you again for your work Phoenix to life. I'm not trying to be disrespectful to you, but I believe you didn't fully answer the question I posted.

I'm somewhat new to EA's in general. Do they take their timing from the PC's system time, or from the broker's trading software time source?

IFthe Phoenix EA it gets it's timing from the PC's system clock, your previous post is sufficient to get the Phoenix software timing synchronized for the timezone differences from GMT.

However, IF the EA clock and the times reported on the reports and charts are taken from the broker's clock time (NOT necessarily GMT time), other people's results could be wildly different from yours. I.E., my broker is FXDD and they are +3GMT. And all the timings of the events on the FXDD system (including charts and reports) do indeed reflect that. Perhaps this is why on the Firebird thread, people were always getting wildly different results.

So, when you are reporting the most profitable times to trade, they should be in GMT time so everyone can compensate appropriately. Otherwise, people are very likely to get wildly different results from yours even with the GMT time differences taken into account.

Respectfully yours,

Alan
  • #247
  • Jul 14, 2006 8:31am Jul 14, 2006 8:31am
Quoting 4x4tx
Hi Alan,

Phoenix uses local time. Hendrick's time zone is GMT+2. When you're figuring out his trading times, or his gamble times, convert his time zone to yours, and adjust your settings file accordingly.
4x4tx,

"Local time" meaning the our "PC's clock time" or local to the Broker?

Alan
  • #248
  • Jul 14, 2006 8:33am Jul 14, 2006 8:33am
I believe it is your PC clock time. That is how I understood the docs.
Thanks Scott


Quoting Sleuth
4x4tx,

"Local time" meaning the our "PC's clock time" or local to the Broker?

Alan
  • #249
  • Jul 14, 2006 8:38am Jul 14, 2006 8:38am
Quoting smjones
I believe it is your PC clock time. That is how I understood the docs.
Thanks Scott
Scott,

Thanks, is this true of all EA's?

Being a computer geek, I find it peculiar that a process that runs within the framework of the MetaTrader doesn't take it's time from the broker's sytem, unless MetaTrader acts like a standalone piece of software that doesn't try to correlate it's time with the broker's system time.

Alan
  • #250
  • Jul 14, 2006 8:41am Jul 14, 2006 8:41am
Quoting Sleuth
Scott,

Thanks, is this true of all EA's?

Being a computer geek, I find it peculiar that a process that runs within the framework of the MetaTrader doesn't take it's time from the broker's sytem, unless MetaTrader acts like a standalone piece of software that doesn't try to correlate it's time with the broker's system time.

Alan
Hendrick based his time choice off what he found to be the most profitbale times to trade. What you can do is open tradin for 24 hours a day and decide what times work best for YOU. You might come up with something different.
  • #251
  • Jul 14, 2006 8:44am Jul 14, 2006 8:44am
Well Mr or Ms Sleuth, You have out sleuthed me. You might want to ask that question to SosoBeton, He is the Moderator of the MT4 forum here..
LOL Scott


Quoting Sleuth
Scott,

Thanks, is this true of all EA's?

Being a computer geek, I find it peculiar that a process that runs within the framework of the MetaTrader doesn't take it's time from the broker's sytem, unless MetaTrader acts like a standalone piece of software that doesn't try to correlate it's time with the broker's system time.

Alan
  • #252
  • Jul 14, 2006 9:00am Jul 14, 2006 9:00am
Quoting BenQ
Hendrick,

I was wondering if in your next version you can include the old "trade on friday option". I don't know if something like that is difficult to add in or not, but if it could be done I'd appreciate it. Thx.
For you..I do this!

Cheers!
  • #253
  • Jul 14, 2006 9:01am Jul 14, 2006 9:01am
Quoting hidethereal
Hendrick based his time choice off what he found to be the most profitbale times to trade. What you can do is open tradin for 24 hours a day and decide what times work best for YOU. You might come up with something different.
I understand what you're saying. Given the extensive experience he has with this software, I'm sure that Hendrick knows the best trading times. I wasn't implying that he didn't.

Alan
  • #254
  • Jul 14, 2006 9:04am Jul 14, 2006 9:04am
Quoting Sleuth
Hendrick,

Let me start by thanking you again for your work Phoenix to life. I'm not trying to be disrespectful to you, but I believe you didn't fully answer the question I posted.

I'm somewhat new to EA's in general. Do they take their timing from the PC's system time, or from the broker's trading software time source?

IFthe Phoenix EA it gets it's timing from the PC's system clock, your previous post is sufficient to get the Phoenix software timing synchronized for the timezone differences from GMT.

However, IF the EA clock and the times reported on the reports and charts are taken from the broker's clock time (NOT necessarily GMT time), other people's results could be wildly different from yours. I.E., my broker is FXDD and they are +3GMT. And all the timings of the events on the FXDD system (including charts and reports) do indeed reflect that. Perhaps this is why on the Firebird thread, people were always getting wildly different results.

So, when you are reporting the most profitable times to trade, they should be in GMT time so everyone can compensate appropriately. Otherwise, people are very likely to get wildly different results from yours even with the GMT time differences taken into account.

Respectfully yours,

Alan
Sorry Alan, but I can't explain it more clearly than I did in the last manual I posted. It's all there I think!
  • #255
  • Jul 14, 2006 9:07am Jul 14, 2006 9:07am
Quoting Hendrick
Sorry Alan, but I can't explain it more clearly than I did in the last manual I posted. It's all there I think!
In order to clear up the confusion that others are having you can post what your broker GMT time is set at. This way they can set there trades from your broker time and then from you local time and figure out for themselves which is more profitable.

I hope that made sense.
  • #256
  • Jul 14, 2006 9:07am Jul 14, 2006 9:07am
Quoting hidethereal
Hendrick based his time choice off what he found to be the most profitbale times to trade. What you can do is open tradin for 24 hours a day and decide what times work best for YOU. You might come up with something different.
Yes.... That's what I tried to explain all the time. Thanks mate.
  • #257
  • Jul 14, 2006 9:16am Jul 14, 2006 9:16am
well maybe I've got my time settings all wrong, because my demos are all losing big-time.

One pheonix with hendrick's settings and surf off, with -2 for the hours (I'm in UK so GMT - but I do wonder about british summer time which we are in now, ie. GMT+1, so maybe my settings should be Hendrick-1).

another pheonix running 24hours with TP120 SL130

a firebird63G with Wackena settings and a 63F.

all losing.

patience will be key, as looking at firebird a lot of trades take a few days to close.
TRADE FOR SWAP
  • #258
  • Jul 14, 2006 9:17am Jul 14, 2006 9:17am
You're the best, Hendrick. Thx.



Quoting Hendrick
For you..I do this!

Cheers!
  • #259
  • Jul 14, 2006 9:18am Jul 14, 2006 9:18am
Not a good day for Phoenix today. 5 wins 4 pseudo-wins and 6 losses so far.
  • #260
  • Jul 14, 2006 9:20am Jul 14, 2006 9:20am
Quoting Yardie
Not a good day for Phoenix today. 5 wins 4 pseudo-wins and 6 losses so far.
Most likely because it's Friday. The optional friday trading will be a good feature to have on the new version.
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