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  • #361
  • Jul 17, 2006 9:08am Jul 17, 2006 9:08am
Hendrick, I totally agree with you about not having a Christmas tree EA or having 10 thousand different version hanging around here. However, I meant we would need more programers out here to have so good ideas - actually "programers" wasn't the right word. I meant just creative people. Because they could suggest stuff like the new MA-thing you added to Phoenix v.2. Because it's so much work just for you to come up with all these ideas, you know?
I meant we would also need people who just try using advanced MA with less lag and look how Phoenix is doing with these kinds of MA. You could never do all this.
I hope I clarified my opinion

PS: And thx for Phoenix v2

EDIT: I just saw the new S/L & T/P. If Phoenix works with that, it's awesome. Because as somebody else said, an EA with 18/42 is very likely to suceed on the short run. However, an EA which works with 60/55 is really good.
  • #362
  • Jul 17, 2006 9:19am Jul 17, 2006 9:19am
Couple questions, Hendrick. Is this version using the PhoenixAdditionalSignal indicator you posted previosuly? If so, then I can add that to the chart and it should match up with signals?
Also, the default for SafeArea is huge now. Is it calculating the same way the old Phoenix_IND_v1 was, so that can be added to the chart as well?

Thanks for your tireless work on this EA and continuing support to make it the best.

Quoting Hendrick
Phoenix version 2.

<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><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>
  • #363
  • Jul 17, 2006 9:21am Jul 17, 2006 9:21am
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.


Its about risk control for me.

Without closing the 2 trades, I had 690 pips booked with an exposure of -3600 pips = -2910 pips

With the two trades closed, I have 416 (typo earlier) pips booked with an exposure of 3000 pips = -2584 pips

Why close two? Pretty simple. At -125 pips the one trade needed to move 155 pips to close out positive and -175 to stop out. The 125 pip move would strongly suggest the trend is against me and there is no positive expentancy of a winning trade.

At the time, my third largest losing trade was only down -43 pips. That's 73/227. No reason to close it.

The potentially fatal flaw of a 30/300 setup is the losing trades swallowing up 10 winners. I had closed 20+ winners and had 2 trades that needed to move as far against the trend as they had already fallen. If one takes those 22 trades as two series of 11 trades (keeping with a 30/300's 10/1 ratio), the first netted 151 pips and the second 175. That 326 pips essentially pays for a additional loser.

I could be wrong, but I believe some active risk and money management here, will get a Mono type approach to a point of safety more quickly.


Maybe our goals are just different. I really don't have a desire to have a completely automated method of trading. But I would hardly call the desicion to close out my trades "subjective."
  • #364
  • Jul 17, 2006 9:32am Jul 17, 2006 9:32am
HI Hendrick.. i'd followed ur thread since with firebird.. n what have u done is great man...

now im using firebirdH02 in real account n still in profit..
but i think i have a problem with phoenix v 1.1 n i thought its because the 'time' setting..your place is +2 so i just add 6 hours to ur setting but confused that it will be in different day and we cant set the time more than "24" rite?

TradeFrom1=1
TradeUntil1=3
TradeFrom2=14
TradeUntil2=18
TradeFrom3=19
TradeUntil3=21
TradeFrom4=22
TradeUntil4=24 <<-- (12.00 midnight)is this correct?

My place is GMT +8

if we look back at your setting..i have change the "TradeFrom1" place with "TradeFrom4" because it will be different day if i follow ur setting..
and "TradeFrom4=24" set to '24' or '0' cuz i confused..sorry if this is a noob question.. i ve read ur msg but still confused with this setting..
cuz it just show a trade for one day only when i try to backtest using strategy tester..

n one more thing.. ur Phoenix-v2 will be great i think cuz i try to backtest n the performance is cool ..it can open variable lots n i think it will be the best EA for me someday..

Thank you very much for your effort in making this great EA... we will support you from behind ...dun give up...You CAN DO IT..
GOOD LUCK n THANX
  • #365
  • Jul 17, 2006 9:32am Jul 17, 2006 9:32am
Obviously subjective was not correct in your case. However, using such a large stop loss opens the door to trades being closed outside of the EA's parameters. Good luck with that.

Quoting jbamaj


Maybe our goals are just different. I really don't have a desire to have a completely automated method of trading. But I would hardly call the desicion to close out my trades "subjective."
  • #366
  • Jul 17, 2006 10:46am Jul 17, 2006 10:46am
Quoting jbamaj
Its about risk control for me.

snip
I could be wrong, but I believe some active risk and money management here, will get a Mono type approach to a point of safety more quickly.

Maybe our goals are just different. I really don't have a desire to have a completely automated method of trading. But I would hardly call the desicion to close out my trades "subjective."
Thanks for this great explanation. I think your goals are perfectly logical and well explained.

Would you mind sharing what pairs you are using for your testing? Thanks.
Don Life is expensive, but includes a free trip around the sun.
  • #367
  • Jul 17, 2006 11:02am Jul 17, 2006 11:02am
Quoting traderone
Thanks for this great explanation. I think your goals are perfectly logical and well explained.

Would you mind sharing what pairs you are using for your testing? Thanks.
eur/usd
gbp/usd
nzd/usd
aud/usd
usd/chf
usd/cad
gbp/jpy
eur/jpy
  • #368
  • Jul 17, 2006 11:10am Jul 17, 2006 11:10am
Quoting tradeigel
Hendrick, I totally agree with you about not having a Christmas tree EA or having 10 thousand different version hanging around here. However, I meant we would need more programers out here to have so good ideas - actually "programers" wasn't the right word. I meant just creative people. Because they could suggest stuff like the new MA-thing you added to Phoenix v.2. Because it's so much work just for you to come up with all these ideas, you know?
I meant we would also need people who just try using advanced MA with less lag and look how Phoenix is doing with these kinds of MA. You could never do all this.
I hope I clarified my opinion

PS: And thx for Phoenix v2

EDIT: I just saw the new S/L & T/P. If Phoenix works with that, it's awesome. Because as somebody else said, an EA with 18/42 is very likely to suceed on the short run. However, an EA which works with 60/55 is really good.
Hey buddy!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

I understand you now and above all I appreciate all your contributions to this thread (are you Dutch?.. if so PM me because I'm desperate to talk to someone about <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1lace w:st="on"><st1:City w:st="on">Phoenix</st1:City></st1lace> in my own language).<o></o>

<o></o>

I've studied the trades version 2 made this day and I'm impressed (I hope I don't sound to pigheaded, recommending my own EA this way... it's really not my intention). I think the EMA instead of the RVI makes a lot of difference. I'm now struggling with the SL. The SL and TP of 55/60 is OK. Try it!<o></o>
  • #369
  • Jul 17, 2006 11:14am Jul 17, 2006 11:14am
Quoting eqnaz
HI Hendrick.. i'd followed ur thread since with firebird.. n what have u done is great man...

now im using firebirdH02 in real account n still in profit..
but i think i have a problem with phoenix v 1.1 n i thought its because the 'time' setting..your place is +2 so i just add 6 hours to ur setting but confused that it will be in different day and we cant set the time more than "24" rite?

TradeFrom1=1
TradeUntil1=3
TradeFrom2=14
TradeUntil2=18
TradeFrom3=19
TradeUntil3=21
TradeFrom4=22
TradeUntil4=24 <<-- (12.00 midnight)is this correct?

My place is GMT +8

if we look back at your setting..i have change the "TradeFrom1" place with "TradeFrom4" because it will be different day if i follow ur setting..
and "TradeFrom4=24" set to '24' or '0' cuz i confused..sorry if this is a noob question.. i ve read ur msg but still confused with this setting..
cuz it just show a trade for one day only when i try to backtest using strategy tester..

n one more thing.. ur Phoenix-v2 will be great i think cuz i try to backtest n the performance is cool ..it can open variable lots n i think it will be the best EA for me someday..

Thank you very much for your effort in making this great EA... we will support you from behind ...dun give up...You CAN DO IT..
GOOD LUCK n THANX
Hi!,

Here you find a manual about the conversion of time-zones for Phoenix. Hope this helps!
http://www.forexfactory.com/forexfor...&postcount=226
  • #370
  • Edited 11:22am Jul 17, 2006 11:18am | Edited 11:22am
hi hendrick

u were rite.. i try 4 hours ago.. now i got 3 profit trade on gbp/usd and usd/jpy... but it open 3 Lots per trade..why huh?..
but my setting is.. Lots=1.0

i have read about it before but can u tell me whats the setting for 12.00 midnight.. is it '0' or '24' ?
  • #371
  • Jul 17, 2006 11:19am Jul 17, 2006 11:19am
Quoting BenQ
Couple questions, Hendrick. Is this version using the PhoenixAdditionalSignal indicator you posted previosuly? If so, then I can add that to the chart and it should match up with signals?
Also, the default for SafeArea is huge now. Is it calculating the same way the old Phoenix_IND_v1 was, so that can be added to the chart as well?

Thanks for your tireless work on this EA and continuing support to make it the best.
Hey Ben,

Because I want to know how version behaves under all circumstances I've increased SafeArea and SafePipsDistance a lot more than usual. It’s only for testing because version 2 will behave a lot more different than version 1.1. I will return to the subject of the indicator later. Cheers!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
  • #372
  • Jul 17, 2006 11:30am Jul 17, 2006 11:30am
I've been running it with your default settings since it was posted. Looks interesting so far and in profit. Trail stop seems to be working fine. One trade was closed at BE and one closed when it hit the TS on a retracement. Currently has 4 open trades, all in profit at the moment.

I'd like to see MM start adjusting my lots. On a 10k account, all trades opened so far have been for .50 lots. It's set to round up. I'll be more comfortable with it when I see it changing lot sizes up or down beyond the initial size.

Thx for all you do.

Quoting Hendrick
Hey buddy!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
I've studied the trades version 2 made this day and I'm impressed (I hope I don't sound to pigheaded, recommending my own EA this way... it's really not my intention). I think the EMA instead of the RVI makes a lot of difference. I'm now struggling with the SL. The SL and TP of 55/60 is OK. Try it!<o></o>
  • #373
  • Jul 17, 2006 11:34am Jul 17, 2006 11:34am
Quoting eqnaz
hi hendrick

u were rite.. i try 4 hours ago.. now i got 3 profit trade on gbp/usd and usd/jpy... but it open 3 Lots per trade..why huh?..
but my setting is.. Lots=1.0

i have read about it before but can u tell me whats the setting for 12.00 midnight.. is it '0' or '24' ?
Hi Eqnaz,

Please post your settings. I guess you are using MM=true with an account of 100.000? The setting for midnight is 24.
  • #374
  • Jul 17, 2006 11:36am Jul 17, 2006 11:36am
Quoting BenQ
I've been running it with your default settings since it was posted. Looks interesting so far and in profit. Trail stop seems to be working fine. One trade was closed at BE and one closed when it hit the TS on a retracement. Currently has 4 open trades, all in profit at the moment.

I'd like to see MM start adjusting my lots. On a 10k account, all trades opened so far have been for .50 lots. It's set to round up. I'll be more comfortable with it when I see it changing lot sizes up or down beyond the initial size.

Thx for all you do.
I will change it Ben, but I've only left 2 days before I have my Holydays (and have to leave my PC...).
  • #375
  • Jul 17, 2006 11:42am Jul 17, 2006 11:42am
Quoting Hendrick
Hi Eqnaz,

Please post your settings. I guess you are using MM=true with an account of 100.000? The setting for midnight is 24.
hi hendrick.. thanx for reply..

this is my setting.. im using MM true

MA_Length = 10;
MA_Timeframe = 15;
Lots = 1;
MM = true;
RoundupLots = true;
AccountIsMicro = false;
SafePipsMinutes = 240;
SafePipsDistance = 180;
Percent = 0.05;
SafeArea = 150;
Risk = 5;
TakeProfit = 40;
StopLoss = 55;
TrailingStop = 21;
UseCloseSignal = false;
TradeFrom1 = 0;
TradeUntil1 = 24;
TradeFrom2 = 0;
TradeUntil2 = 0;
TradeFrom3 = 0;
TradeUntil3 = 0;
TradeFrom4 = 0;
TradeUntil4 = 0;
WantToGamble = false;
GambleFrom = 16;
GambleUntil = 17;
GambleFactor = 2;
  • #376
  • Jul 17, 2006 11:44am Jul 17, 2006 11:44am
Statement of one day with version 2. Of course much too early to have an opinion about this, but I think the performance of this version is much better than the previous version. When placing trades <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> now takes the trend in consideration. I will post version 2.1 today or tomorrow where you can adjust a lot of settings of the new EMA-code. Stay tuned!
Attached File(s)
File Type: zip Phoenix_v2_0-A.zip   7 KB | 352 downloads
  • #377
  • Jul 17, 2006 11:46am Jul 17, 2006 11:46am
Oh, no problem -- for whatever reason I assumed MM was already fully working. Have a great vacation -- you deserve it!

Quoting Hendrick
I will change it Ben, but I've only left 2 days before I have my Holydays (and have to leave my PC...).
  • #378
  • Jul 17, 2006 11:48am Jul 17, 2006 11:48am
hendrick, I love Phoenix v2! I looks very, very promising.
  • #379
  • Jul 17, 2006 11:54am Jul 17, 2006 11:54am
Wow, how many pairs are you trading -- must be 13 or 14. Looks good so far.

Quoting Hendrick
Statement of one day with version 2. Of course much too early to have an opinion about this, but I think the performance of this version is much better than the previous version. When placing trades <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> now takes the trend in consideration. I will post version 2.1 today or tomorrow where you can adjust a lot of settings of the new EMA-code. Stay tuned!
  • #380
  • Jul 17, 2006 11:59am Jul 17, 2006 11:59am
Close signal has the potential to close positions with huge losses. Say for example I have a position with a -80 pips floating and the ea decide to open another position in the other direction. I would lose on the closed trade..and there are no guarantees that the trade in the other direction would work out.

Quoting BenQ
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.
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