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Phoenix is here!

  • #401
  • Jul 18, 2006 5:48am Jul 18, 2006 5:48am
I am back to version 1.1 of Phoenix and Mono's crazy SL method. I will be sticking with this for a while to see how it goes.
  • #402
  • Jul 18, 2006 7:13am Jul 18, 2006 7:13am
You have to remember that v2 is still operating wide open. In other words, the safe features are set quite high just for these initial testing purposes. If SafeArea, for example, had been set to its usual setting of 40/-40 or a bit tighter, the losing gbp would not have occured. So it needs more time to hash out the optimum settings.
  • #403
  • Edited 8:21am Jul 18, 2006 7:14am | Edited 8:21am
that's right.
I like Phoenix v2 the best though! Right now, +60 pips in floats (4 trades open). And the best is if it goes against me, I am still taking good profit. However, if it continues to go where it should I don't take only a little bit because of T/P.

EDIT: Made 43 Pips with EUR/USD, that would never have been possible with the versions before because of the T/P.
  • #404
  • Jul 18, 2006 9:18am Jul 18, 2006 9:18am
After 2 days with <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> version 2 my account balans is now 5084 (started with 5000). Not very spectacular. But this was with all pairs, no SafePipDistance, no SafeArea and no Time-filters. If I had used my regular time-filters my balans would be 5372. That’s better. I'm not sure about that, but if I had used SafePipDistance and SafeArea I think the results were even better. So what I will do the next three weeks is running a demo with all pairs, but with all the settings I used before. A file with these settings is attached.

Also Phoenix 2.1 is attached. With this version you can play with the EMA-settings. Look at the code and you know what I mean.
Attached File(s)
File Type: mq4 Phoenix_EA_v2_1.mq4   10 KB | 459 downloads
File Type: txt phoenix v21.txt   < 1 KB | 426 downloads
  • #405
  • Jul 18, 2006 9:20am Jul 18, 2006 9:20am
Alright. Thank you Hendrick. Why do you post this settings file, too? These settings are the defaults of the EA, right?
  • #406
  • Jul 18, 2006 9:31am Jul 18, 2006 9:31am
Quoting tradeigel
No, that's alright. Hendrick is using Trailingsstop - this moves the S/L as you go deeper in profit. So his T/P was @ 60 Pips profit right from the beginning and his S/L was moved to lock in the profit. Well, but I guess you know what a TrailingStop is, right?
Thanks Tradeigel - it's clear to me now! Yes, I am trading live on InterbankFx and I do use trailing stops when I jump into bed at night...
  • #407
  • Jul 18, 2006 9:38am Jul 18, 2006 9:38am
Great job, Hendrick, thank you. What are you doing with MM on this version? I thought it was working in v1 and changing lot sizes. But in v2 you added the round up feature. All my v2 trades are at .50 lots. It doesn't appear to be changing lot sizes. Anyway, I know you're getting ready to leave on holiday -- have a great time! Relax, enjoy.
  • #408
  • Jul 18, 2006 10:37am Jul 18, 2006 10:37am
Hi Hendrick,

Thank you for the attachment of Phoenix.
But I dont know what program is comparible with it. I tried to open it early, but the window didnt realize the software. It would be so thankful if you can show me the software/program to run the Phoenix.

Thank you,

Happy Trading
  • #409
  • Jul 18, 2006 10:55am Jul 18, 2006 10:55am
I'm using esigal. Now, how do I install Firebird and Phoenix into my platform?

million thanks!

Nguyen
  • #410
  • Jul 18, 2006 11:17am Jul 18, 2006 11:17am
As far as I know, that's not gonna work. All of us here are using MetaTrader (http://www.metaquotes.net I think). So if you don't wanna convert Phoenix to Esignal, I guess, you have to use MT.

@BenQ: Well, the RoundLot function is for rounding to miniLots i.e. 0.25 is rounded. In addition to that, MM is setting the lots your trading according to your free margin and Risk.
  • #411
  • Jul 18, 2006 11:29am Jul 18, 2006 11:29am
Tradeigel, I know it's for rounding, but at some point it should raise my lot size above .50 lots for the excess free margin in my account. What I'm sayng is that I haven't see it do that yet. MM is set to true and RoundUpLots is set to true. I guess I will have to wait for a few more wins and see if it goes from .50 lots right to .60 lots. I'm wondering it there's any in-between with RoundUpLots. Thx.

Quoting tradeigel
@BenQ: Well, the RoundLot function is for rounding to miniLots i.e. 0.25 is rounded. In addition to that, MM is setting the lots your trading according to your free margin and Risk.
  • #412
  • Jul 18, 2006 11:37am Jul 18, 2006 11:37am
tradeigel, Hendricks new trial setting v21 have lower safepipsdistance and safearea.

one suggestion may be to avoid big news times for the particular pairs(s) affected, eg. not trading today around time of UK data.
TRADE FOR SWAP
  • #413
  • Jul 18, 2006 3:46pm Jul 18, 2006 3:46pm
For the record I will be using Phoenix 2.1 with the following settings over the next few weeks:

SL - 300
TP - 50
Trailing Stop - 30

What do you all think? Its a play on Mono's crazy SL method.
  • #414
  • Jul 18, 2006 4:37pm Jul 18, 2006 4:37pm
Well, I like the idea of including the trailing stop. Are you going to be using safearea, safepipsminutes/distancel? Trading 24hrs? I'm sure you'll get a lot of wins. With such a large sl, what did you decide about using closesignal? I'll definitely be watching for your results.

Quoting Yardie
For the record I will be using Phoenix 2.1 with the following settings over the next few weeks:


SL - 300
TP - 50
Trailing Stop - 30

What do you all think? Its a play on Mono's crazy SL method.
  • #415
  • Jul 18, 2006 7:22pm Jul 18, 2006 7:22pm
Yes I am using the default safearea, safepipminutes/distance in Phoenix2.1. I am not using closesignal.



Quoting BenQ
Well, I like the idea of including the trailing stop. Are you going to be using safearea, safepipsminutes/distancel? Trading 24hrs? I'm sure you'll get a lot of wins. With such a large sl, what did you decide about using closesignal? I'll definitely be watching for your results.
  • #416
  • Jul 18, 2006 8:13pm Jul 18, 2006 8:13pm
Quoting Yardie
For the record I will be using Phoenix 2.1 with the following settings over the next few weeks:

SL - 300
TP - 50
Trailing Stop - 30

What do you all think? Its a play on Mono's crazy SL method.
Hi Yardie

Nice to see you thinking outside of the norm.

Dont be afraid to try abnornal parameters, they might surprise you.

Mono
Mono
  • #417
  • Jul 19, 2006 6:19am Jul 19, 2006 6:19am
So far 3 wins and 4 partial wins (closed by Trailing Stop) for a total of 194 booked pips. Floating loss is 40 pips at the moment.

Quoting BenQ
Well, I like the idea of including the trailing stop. Are you going to be using safearea, safepipsminutes/distancel? Trading 24hrs? I'm sure you'll get a lot of wins. With such a large sl, what did you decide about using closesignal? I'll definitely be watching for your results.
  • #418
  • Jul 19, 2006 6:28am Jul 19, 2006 6:28am
Just one day with Phoenix 2.1 (Time-filters, SL=42, TP=18, TS=0).
Attached File(s)
File Type: zip Phoenix_v2_1B.zip   7 KB | 404 downloads
  • #419
  • Jul 19, 2006 6:31am Jul 19, 2006 6:31am
Looking good so far.



Quoting Hendrick
Just one day with Phoenix 2.1 (Time-filters, SL=42, TP=18, TS=0).
  • #420
  • Jul 19, 2006 7:41am Jul 19, 2006 7:41am
well...what a day...booked a few wins this morning. Also, Phoenix did good during the CPI announcement. However, later right after Bernanke's speech, there was one awesome win (60 Pips) and two losses (2x 50 Pips). This time a really tight S/L would have been awesome...However, this normally doesn't work so well. Does anybody use this strategy?

Hendrick, your statement(is your timefilter like always?) looks awesome, how did you do after 16:00 ?
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