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  • #341
  • Jul 17, 2006 2:05am Jul 17, 2006 2:05am
Quoting The Wizard of Oz
Put it this way. Most people would like to have it the other way around. High reward low risk. The problem is if you were aiming for 300 pip gains how often would you achieve them. Could you get 3 in a row with a risk of 30 pips? The logic says, low risk high reward but most of the time we lose. Having huge stops and small gains seems stupid but maybe, just maybe, that's what will make it work.

I've run quite a few tests with firebird. All of the 15 min ones bombed out and I thought the 30min with 30/300 was a stupid idea but it's the only one showing potential at the moment.

Please feel free to argue with me. I won't take offence. Maybe the way ahead is to do what most consider to be stupid.

My oppinion.

Wiz.
Hi Wiz

Are u still testing the Firebird 30/300 and if u are can u post your results?
I'm currently at 172-1 entering the 5th week

Thanks in advance

Mono
Mono
  • #342
  • Jul 17, 2006 3:13am Jul 17, 2006 3:13am
Quoting mono
Hi Wiz

Are u still testing the Firebird 30/300 and if u are can u post your results?
I'm currently at 172-1 entering the 5th week

Thanks in advance

Mono
Yes I am still testing but my previous account expired before I was able to save the results. One thing I noticed is that I didn't have as many trades as you have. It may have something to do with the divergence setting. I am using Use_V63D_Divergence=false

Wiz.
  • #343
  • Jul 17, 2006 3:21am Jul 17, 2006 3:21am
Quoting The Wizard of Oz
Yes I am still testing but my previous account expired before I was able to save the results. One thing I noticed is that I didn't have as many trades as you have. It may have something to do with the divergence setting. I am using Use_V63D_Divergence=false

Wiz.
No, probably not. If you set Use_V63D_Divergence=false then it's not using the Divergence filter. That means, no trades are filtered out. So you definately don't get more trades if you set it TRUE.
Please Correct me if I'm wrong.
  • #344
  • Jul 17, 2006 3:45am Jul 17, 2006 3:45am
Quoting tradeigel
No, probably not. If you set Use_V63D_Divergence=false then it's not using the Divergence filter. That means, no trades are filtered out. So you definately don't get more trades if you set it TRUE.
Please Correct me if I'm wrong.
Thanks for that. I don't actually understand the code but that seemed to be the only difference in my settings.
  • #345
  • Jul 17, 2006 3:52am Jul 17, 2006 3:52am
Wiz: alright.

Well, not good for Phoenix this freaking volatile market...Closed two order with profit because of the news, but two with loss, too. And the losses are always higher
  • #346
  • Jul 17, 2006 3:57am Jul 17, 2006 3:57am
Quoting tradeigel
Wiz: alright.

Well, not good for Phoenix this freaking volatile market...Closed two order with profit because of the news, but two with loss, too. And the losses are always higher
Same her with the 15min pheonix. 30min Firebird has quite a large floating loss too. Hopefully it'll settle down in the next few days, but anything is possible. Could completely blow up also.
  • #347
  • Jul 17, 2006 4:18am Jul 17, 2006 4:18am
We need some more programers to develop Phoenix, there is so much to do!
  • #348
  • Jul 17, 2006 6:20am Jul 17, 2006 6:20am
Have you tried 15 minutes time frame with 30/300?

Quoting The Wizard of Oz

I've run quite a few tests with firebird. All of the 15 min ones bombed out and I thought the 30min with 30/300 was a stupid idea but it's the only one showing potential at the moment.

Please feel free to argue with me. I won't take offence. Maybe the way ahead is to do what most consider to be stupid.

My oppinion.

Wiz.
  • #349
  • Jul 17, 2006 6:24am Jul 17, 2006 6:24am
9 wins and zero loss so far with my crazy 30/300 setting on the 15 minute chart. Lots of open orders floating though (13 in total).

Quoting tradeigel
Wiz: alright.

Well, not good for Phoenix this freaking volatile market...Closed two order with profit because of the news, but two with loss, too. And the losses are always higher
  • #350
  • Jul 17, 2006 6:34am Jul 17, 2006 6:34am
Quoting The Wizard of Oz
Put it this way. Most people would like to have it the other way around. High reward low risk. The problem is if you were aiming for 300 pip gains how often would you achieve them. Could you get 3 in a row with a risk of 30 pips? The logic says, low risk high reward but most of the time we lose. Having huge stops and small gains seems stupid but maybe, just maybe, that's what will make it work.

I've run quite a few tests with firebird. All of the 15 min ones bombed out and I thought the 30min with 30/300 was a stupid idea but it's the only one showing potential at the moment.

Please feel free to argue with me. I won't take offence. Maybe the way ahead is to do what most consider to be stupid.

My oppinion.

Wiz.
You may very well be right...It could be that stupid that nobody even thought to try it.
There is maybe some statistical validity to this as markets do tend to range more often than trend....
  • #351
  • Jul 17, 2006 6:43am Jul 17, 2006 6:43am
Quoting tradeigel
We need some more programers to develop Phoenix, there is so much to do!
Hi Tradeigel!,

Let me give you my opinion about that. I’ve seen several EA’s made useless in the course of time because “programmers” felt the urge to change the code. You have all kind of programmers: from newbie’s to old-timers and everything in between. It’s not hard to understand that with all these people (with their own ideas) working on the same EA, such an EA will finally end as some kind of Christmas-tree and will no longer be suitable to do its job.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o> </o>

I’m a strong opponent of adding new functions to an EA over and over again in the hope that its performance will improve by some piece of “magic” code. There are a lot of Forex strategies out there that are basically very simple and combined with some kind of money management and discipline of the trader became profitable in the end. I think the same should apply to EA’s. <o></o>

<o> </o>

So I really want to protect <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> against to many ideas and I certainly want it to keep as simple and clean as possible.<o></o>

<o> </o>

You can call <st1:City w:st="on">Phoenix</st1:City> freeware if you want and of course anyone who wants to change the code is free to do so, but don’t post it in this thread and don’t call it <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> version “whatever”. Just open your one thread, give it another name and maybe this EA will perform a lot better than <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>! <o></o>

<o></o>

<o> </o>

<o> </o>

<o> </o>

<o> </o>
  • #352
  • Jul 17, 2006 7:01am Jul 17, 2006 7:01am
Quoting Yardie
9 wins and zero loss so far with my crazy 30/300 setting on the 15 minute chart. Lots of open orders floating though (13 in total).

Started a Mono type test three days ago. I'm running 23-2. I closed out the 2 losses manually (-125, -149). I've booked 409 pips and have a current negative float of 10 trades and -173 pips.
  • #353
  • Jul 17, 2006 7:50am Jul 17, 2006 7:50am
Why did you close 2 manually? Kind of defeats the purpose of the EA if you're closing them before the sl. You'll never get a true understanding of what your settings are capable of if you're subjectively closing trades.

Quoting jbamaj
Started a Mono type test three days ago. I'm running 23-2. I closed out the 2 losses manually (-125, -149). I've booked 409 pips and have a current negative float of 10 trades and -173 pips.
  • #354
  • Jul 17, 2006 7:55am Jul 17, 2006 7:55am
Yardie, Do you have UseCloseSignal set to true? You're trading seven pairs right? With 13 open are there any hedged trades or trend trades? Or are you doing this on an older version and these are pipstep entries?

Quoting Yardie
9 wins and zero loss so far with my crazy 30/300 setting on the 15 minute chart. Lots of open orders floating though (13 in total).
  • #355
  • Jul 17, 2006 7:55am Jul 17, 2006 7:55am
BenQ I understand what you are saying here. But the primary purpose of an EA is to make money. I dont see anything wrong with some manual trading being done to to maximize pippage using the EA.

Quoting BenQ
Why did you close 2 manually? Kind of defeats the purpose of the EA if you're closing them before the sl. You'll never get a true understanding of what your settings are capable of if you're subjectively closing trades.
  • #356
  • Jul 17, 2006 7:57am Jul 17, 2006 7:57am
There are hedge soem hedge trades open. The useclosesignal is set to false. I am trading the same 7 pairs. No pipsteps because pHoenix does not have pipstep. Also I think the pipster would cause too many trades to open up..unless the pipstep was wide like say 50 pips or more.



Quoting BenQ
Yardie, Do you have UseCloseSignal set to true? You're trading seven pairs right? With 13 open are there any hedged trades or trend trades? Or are you doing this on an older version and these are pipstep entries?
  • #357
  • Jul 17, 2006 8:09am Jul 17, 2006 8:09am
Why did you decide to not use closeSignal? And by older version, I meant a firebird version. With so many open I thought it had to be pipstep entries or surf entries. It just didn't occur to me that you would not use closeSignal.

Quoting Yardie
There are hedge soem hedge trades open. The useclosesignal is set to false. I am trading the same 7 pairs. No pipsteps because pHoenix does not have pipstep. Also I think the pipster would cause too many trades to open up..unless the pipstep was wide like say 50 pips or more.
  • #358
  • Jul 17, 2006 8:14am Jul 17, 2006 8:14am
Yes, but how do you know you're maximizing and are you prepared to sit and watch it 24/7 and manually close trades here and there. I really prefer an EA that can profit on its own. Of course they all need to be monitored, but I'd rather it trade on its own. Besides, how could anyone then say an EA is profitable if they've manually closed "x" percentage of trades.

Quoting Yardie
BenQ I understand what you are saying here. But the primary purpose of an EA is to make money. I dont see anything wrong with some manual trading being done to to maximize pippage using the EA.
  • #359
  • Jul 17, 2006 8:38am Jul 17, 2006 8:38am
Phoenix version 2.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o> </o>

Changes:<o></o>

removed divergence (I think its of no use)<o></o>

<o> </o>

removed Surf-orders (performance was not good)<o></o>

<o> </o>

replaced RVI by this piece of code:<o></o>

<o> </o>

AdMA=(iMA(NULL,PERIOD_M15,120,0,0,3,1) - iMA(NULL,PERIOD_M15,12,0,0,3,1));<o></o>

if(Point==0.0001) {AdMA=AdMA*1000;}<o></o>

if(Point==0.01) {AdMA=AdMA*10;}<o></o>

if(AdMA > 1)<o></o>

{<o></o>

AdSELLSignal = true;<o></o>

SortOrder = "SELLSignal";<o></o>

}<o></o>

if(AdMA < -1) <o></o>

{<o></o>

AdBUYSignal = true;<o></o>

SortOrder = "BUYSignal";<o></o>

}<o></o>

if((AdMA > -1) && (AdMA < 1)) <o></o>

{<o></o>

AdBUYSELLSignal = true;<o></o>

SortOrder = "BUYSELLSignal";<o></o>

}<o></o>

<o></o>

The purpose of this code is to prevent that <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> is placing trades against the trend.<o></o>

<o> </o>

For testing:<o></o>

Use the settings from the file. TF=15. All available pairs.<o></o>
Attached File(s)
File Type: zip Phoenix_EA_v2_0.zip   3 KB | 436 downloads
  • #360
  • Jul 17, 2006 8:46am Jul 17, 2006 8:46am
Thanks, Hendrick. Some interesting default changes in SafePipsMinutes/distance, safe area, tp, sl and trailing stop. I'll put this right to work.



Quoting Hendrick
Phoenix version 2.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Use the settings from the file. TF=15. All available pairs.<o></o>
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