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Phoenix is here!

  • #481
  • Jul 23, 2006 2:57pm Jul 23, 2006 2:57pm
Yardie,
I had 25 trades, 4 losses in the last 2 trading days, with 12 pairs. Friday was a losing day.
TRADE FOR SWAP
  • #482
  • Jul 23, 2006 4:15pm Jul 23, 2006 4:15pm
I wonder why orders are not opening up for me? Any Metatrader experts here that can give me some suggestions? I am at a lost.

Quoting GP2X
I have a lot(more than 20), on EUR/GBP, EUR/CHF, EUR/USD, USD/JPY, AUD/USD GPB/USD AND EUR/USD, with 4 huge loses, and those small gains. $5000 demo account, down to $4762.93 in two days.
  • #483
  • Jul 23, 2006 7:14pm Jul 23, 2006 7:14pm
Money Management does not appear to be working properly on v1.1

Details: 10k account. Lots is set to 1, MM is true, RoundUpLots is true, AccountIsMicro is false, Risk is 5.

When the account first started, it properly set the lots at .50. When the free margin reached $11,000 it did not adjust, presumably because the next lot level is .60 rounded up. In other words, it wouldn't adjust until the free margin was actually $12,000 because of the RoundLotsUp feature. Hendrick added this feature because a lot of brokers will not accept order sizes such as .55, .56, etc. So I just assumed it would adjust when the free margin hit $12,000.

Well, the free margin is actually now $12,468 and it is still placing .50 lot size orders.

Anyone else notice this or have a fix? Thx.
  • #484
  • Jul 23, 2006 7:40pm Jul 23, 2006 7:40pm
Phoenix2.1 is only placing orders on the GBPUSD pair for me hehe.
  • #485
  • Jul 23, 2006 7:56pm Jul 23, 2006 7:56pm
Not sure why that is, Yardie. In the last hour my v2.1 has opened 5 positions -- usdchf, eurusd, eurjpy, gbpusd. and usdjpy.

Did you create a template when you placed the EA and all the settings on all the charts, or did you do each manually? Try creating a template from the gbpusd pair, and then placing that template on all the other pairs so that everything is exactly the same. Then check for smileys on each.

Also, for each chart, click on tools, options, expert advisors, and make sure "allow live trading" is checked. Even though you have smileys, I've caught that setting a couple times being off when it should have been on.
Quoting Yardie
Phoenix2.1 is only placing orders on the GBPUSD pair for me hehe.
  • #486
  • Jul 23, 2006 9:19pm Jul 23, 2006 9:19pm
They are all set for live trading. I just created a templated from the GBPUSD and load it to the others. I was using a template to begin with..but I say why not? Its worth a try. lets see if any more orders are executed now.



Quoting BenQ
Not sure why that is, Yardie. In the last hour my v2.1 has opened 5 positions -- usdchf, eurusd, eurjpy, gbpusd. and usdjpy.

Did you create a template when you placed the EA and all the settings on all the charts, or did you do each manually? Try creating a template from the gbpusd pair, and then placing that template on all the other pairs so that everything is exactly the same. Then check for smileys on each.

Also, for each chart, click on tools, options, expert advisors, and make sure "allow live trading" is checked. Even though you have smileys, I've caught that setting a couple times being off when it should have been on.
  • #487
  • Jul 23, 2006 9:42pm Jul 23, 2006 9:42pm
Quoting GP2X
I have a lot(more than 20), on EUR/GBP, EUR/CHF, EUR/USD, USD/JPY, AUD/USD GPB/USD AND EUR/USD, with 4 huge loses, and those small gains. $5000 demo account, down to $4762.93 in two days.
GP2X
Can you please post your:
1.settings and version of Phoenix
2.statement
3.and which broker you are using

Just as a feedback for the testers of this EA
Thanks
  • #488
  • Jul 23, 2006 9:59pm Jul 23, 2006 9:59pm
Quoting kihl
GP2X
Can you please post your:
1.settings and version of Phoenix
2.statement
3.and which broker you are using

Just as a feedback for the testers of this EA
Thanks
Version 2.1
Settings and statement attached
I am using StrategyBuilderFX demo account. Balance down to 3807 now.
Attached File(s)
File Type: zip GP2X.zip   3 KB | 233 downloads
  • #489
  • Jul 23, 2006 10:42pm Jul 23, 2006 10:42pm
Quoting cgldsmth
Yardie,
I had 25 trades, 4 losses in the last 2 trading days, with 12 pairs. Friday was a losing day.
Hello CGLDSMTH

Can you also share your
1. Settings
2. Statement

Thanks
  • #490
  • Edited Jul 24, 2006 2:09am Jul 23, 2006 11:13pm | Edited Jul 24, 2006 2:09am
Quoting GP2X
Version 2.1
Settings and statement attached
I am using StrategyBuilderFX demo account. Balance down to 3807 now.
Thanks for sharing your information
Is this your only forward testing?
This is your setting:

MA_Length=10
MA_Timeframe=15
Lots=1.00000000
MM=0
RoundupLots=1
AccountIsMicro=0
UseSafePips=1
SafePipsMinutes=240
SafePipsDistance=60
Percent=0.05000000
UseSafeArea=1
SafeArea=40.00000000
Risk=5
TakeProfit=60
StopLoss=55
TrailingStop=18
UseCloseSignal=1
TradeFrom1=0
TradeUntil1=24
TradeFrom2=0
TradeUntil2=0
TradeFrom3=0
TradeUntil3=0
TradeFrom4=0
TradeUntil4=0
WantToGamble=0
GambleFrom=10
GambleUntil=11
GambleFactor=2
P_EMA_Long=120
P_EMA_Short=12
P_EMA_TimeFrame=15
P_EMA_Method=3
P_EMA_Price=5

As I see in your statement and settings. Your money management is disabled, you are trading 24 hours straight and trading 1 lot for a 5k account. These are possible factors that affects negatively your testing.
My recommendations:
1. Turn on your Moneymanagement feature and trade at most 5% of your account for each trade.
2. Dont trade 24 hours. Its statiscally proven that at certain hours you have more risk of losing trades. More trades doesnt means more profit. Try the default settings of Phoenix 2.1
3. You are trading 1 lot, 20% percent of your account, you can gain more but you can also lose more.

Here is the default settings of Phoenix 2.1

Phoenix 2.1
MA_Length=10
MA_Timeframe=15
Lots=1.00000000
MM=1
RoundupLots=0
AccountIsMicro=0
UseSafePips=1
SafePipsMinutes=240
SafePipsDistance=60
Percent=0.05000000
UseSafeArea=1
SafeArea=40.00000000
Risk=5
TakeProfit=60
StopLoss=55
TrailingStop=18
UseCloseSignal=0
TradeFrom1=8
TradeUntil1=12
TradeFrom2=13
TradeUntil2=15
TradeFrom3=16
TradeUntil3=18
TradeFrom4=19
TradeUntil4=21
WantToGamble=1
GambleFrom=16
GambleUntil=17
GambleFactor=2
P_EMA_Long=120
P_EMA_Short=12
P_EMA_TimeFrame=15
P_EMA_Method=3
P_EMA_Price=5

You can try different settings with different combinations of TP, SL, Wanttogamble, TS, etc.
But dont turn off the MM and stick to the default trading time.
Hope this can help the community trying different settings for the best results.
  • #491
  • Jul 24, 2006 2:15am Jul 24, 2006 2:15am
Quoting thebts
I double checked this and it looks like i was a bit mixed up. The Percent bands confirm which direction is to be traded after the buysell signal is generated, so only one would ever be traded anyway.
Hi,

When the price is crossing the envelopes a BUY or SELL signal is generated because Phoenix expects the price will return between these envelopes (counter-trend). Above that there is an extra mechanisme that takes the trend in consideration. So if the previous trend was up only the BUY signals are accepted ans so on. When the market is ranging SELL and BUY signals are valid. When you activate the option "Comments" for your trades you can see which signal was used for your trade (BUYSignal, SELLSignal, BUYSELLSignal).
  • #492
  • Jul 24, 2006 2:36am Jul 24, 2006 2:36am
I'm using hendrick's default settings on MIG. I cannot upload my statement though, keeps saying invalid file type for an HTM file! How do I do this?
TRADE FOR SWAP
  • #493
  • Edited 2:54am Jul 24, 2006 2:43am | Edited 2:54am
to GP2X and others

I checked GP2X's statement and as expected 5 of the 6 losses where opened outside of Hendrick's default trading filter.

Loses outside time filter
Open time Income
1. 3:23 -30.00
2. 3:47 -472.83
3. 4:34 -550.00
4. 7:38 -290.00
5. 15:39 -471.78
Total loses outside time filter : 1814.61

Loses inside of the time filter
Open time Income
1. 17:24 -120.00
Total lost inside time filter : 120.00

As with your setting of 1 lot per trade, that limits your capability of simultaneous open trades to 5 or less. Thus limiting the EA to open possible winning trades.
  • #494
  • Jul 24, 2006 2:44am Jul 24, 2006 2:44am
the common way to do it is to compress it using any zip or tar compressing program. Look into WinZip if you're using Windows otherwise (gnu)zip.
  • #495
  • Jul 24, 2006 3:30am Jul 24, 2006 3:30am
thanks tradeigel
Attached File(s)
File Type: zip DetailedStatement.zip   3 KB | 334 downloads
TRADE FOR SWAP
  • #496
  • Edited 5:28am Jul 24, 2006 5:09am | Edited 5:28am
Quoting cgldsmth
thanks tradeigel
Thanks CGLDSMTH

Your 4 loses on friday are based on 3 less traded pairs, CHFJPY, GBPCHF and EURCAD.

CHFJPY
Open time Income
1. friday 21 -362.25
2. friday 21 155.40
3. friday 21 -360.88
Total -567.63

GBPCHF
Open time Income
1. friday 21 -338.95

EURCAD
Open time Income
1. friday 21 -372.77

Usually friday and holidays arent good days for trading these types of pair.
CGLDSMTH
Can you please continue your forward testing for at least 1 week, so we can see the behaviors of these types of pairs.
Thank you very much
  • #497
  • Jul 24, 2006 5:16am Jul 24, 2006 5:16am
amazingly, these 3 pairs accounted for all the losers while testing phoenixv2.0 also. I'll continue forward testing them, but a good move if going live would be to ditch them and not trade on fridays, I agree.
TRADE FOR SWAP
  • #498
  • Jul 24, 2006 5:28am Jul 24, 2006 5:28am
Quoting cgldsmth
amazingly, these 3 pairs accounted for all the losers while testing phoenixv2.0 also. I'll continue forward testing them, but a good move if going live would be to ditch them and not trade on fridays, I agree.
If you ever go live with this EA, I recommend you trading EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, EURGBP, EURJPY.
But at the same time try forward testing CHFJPY, NZUSD, GBPCHF and EURAUD for at least 1-2 months. 1-2 weeks forward testing isnt enough to obtain sufficient data about these pairs.
  • #499
  • Jul 24, 2006 7:41am Jul 24, 2006 7:41am
Hey, welcome back Hendrick!

Quoting Hendrick
Hi,


When the price is crossing the envelopes a BUY or SELL signal is generated because Phoenix expects the price will return between these envelopes (counter-trend). Above that there is an extra mechanisme that takes the trend in consideration. So if the previous trend was up only the BUY signals are accepted ans so on. When the market is ranging SELL and BUY signals are valid. When you activate the option "Comments" for your trades you can see which signal was used for your trade (BUYSignal, SELLSignal, BUYSELLSignal).
  • #500
  • Jul 24, 2006 7:54am Jul 24, 2006 7:54am
LOL my Phoenix2.1 is still giving me problems LOL. I am about to give up...maybe switch to an older version. Hendrick any ideas why the EA would stop working properly? Is there anyway I can debug it or something?
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