Phoenix 2007 (new thread) - page 64
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Maybe we should (once an hour?) read the history files for consecutive losses, and then display an alert saying, "Hey I need new settings!" The settings we have right now are optimized for current market conditions.
Haha. very funny.
And with sound alert..
Qs
1. If you attach an EA initially to one chart period (30m) and change to another chart period (15M), does the EA stay committed to the original attachment (30m), does it change, or is the period choice a function of the EA (Phoenix)?
2. If you open Phoenix in multiple charts of the same period (or different ones) so the you can enable one of each of the mode options (3 modesX5perfs=15charts) will the indicator fire the same signal (in the same time period) in each corresponding charts for modes for 1 & 2 (set of 5 charts enabled in mode 3 and a set of charts enabled in mode 2 and a set of charts enabled in mode one), will the 2 modes fire the same trade (assuming acct value and margin), will one EA take prioity and the others for the same chart not fire (3 charts EURJPY in different modes and/or times)? Just curious.
Phoenix is a Rocket
Nothing to said... except Hendrick you're Rock :-)
Current lasts trades (just for today...) - forgot the eurusd : it's a manual trade...
Tomorrow or sathurday i will post result for 25K account and 1K account.
Closed Transactions:
Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
4221560 2006.11.08 05:00 buy 0.70 eurjpy 150.33 149.53 150.68 2006.11.09 11:35 150.68 0.00 0.00 21.11 207.91
4221567 2006.11.08 05:00 buy 0.70 eurjpy 150.33 150.33 151.03 2006.11.09 14:34 151.03 0.00 0.00 21.11 414.77
4171559 2006.11.06 00:45 buy 0.70 gbpjpy 224.40 223.60 224.85 2006.11.09 12:35 224.85 0.00 0.00 78.64 267.08
4247076 2006.11.09 09:59 sell 0.15 gbpusd 1.9066 1.9026 1.9016 2006.11.09 14:19 1.9026 0.00 0.00 0.00 60.00
4220782 2006.11.08 03:30 buy 0.70 usdjpy 117.64 117.09 118.14 2006.11.09 13:03 118.14 0.00 0.00 27.76 296.26
0.00 0.00 148.62 1 246.02
Closed P/L: 1 394.64
Open Trades:
Ticket Open Time Type Lots Item Price S / L T / P Price Commission Taxes Swap Profit
4221570 2006.11.08 05:00 buy 0.70 eurjpy 150.33 150.85 151.38 151.28 0.00 0.00 21.11 561.70
4220823 2006.11.08 03:30 buy 0.70 usdjpy 117.64 117.64 118.64 118.39 0.00 0.00 27.76 443.45
4220848 2006.11.08 03:30 buy 0.70 usdjpy 117.64 117.64 119.14 118.39 0.00 0.00 27.76 443.45
4240312 2006.11.08 22:27 sell 0.15 eurusd 1.2768 1.3068 1.2718 1.2780 0.00 0.00 2.78 -18.00
4252679 2006.11.09 14:20 buy 0.15 gbpusd 1.9025 1.8725 1.9075 1.8988 0.00 0.00 0.00 -55.50
0.00 0.00 79.41 1 375.10
Floating P/L: 1 454.51
What's the best timeframe for Phoenix btw?
I will suggest you to download the Phoenix 5 manual. written by Hendrick. I had take time to make it, so take time to read it...
You will find it a couple of post above...
Btw it's 15MIN.
What's the best timeframe for Phoenix btw?
f((Symbol() == "GBPJPY") || (Symbol() == "GBPJPYm")
what does it mean?
and what do you mean trade in a pair? i saw a post somewhere in this topic said, take a look at the code and see a pair and use them as a pair.
I will suggest you to download the Phoenix 5 manual. written by Hendrick. I had take time to make it, so take time to read it...
You will find it a couple of post above...
Btw it's 15MIN.I got the manual of course and I did read it. Missed that part I guess. Sorry, and thanks for the answer
It's the 4th day of the week. Shall we have a statistic regarding how many traders are using mode_1, mode_2 and mode_3 respectively?
I'll post my trading results on weekends... 3 demos and 1 live account on different brokers.
AZBOfin
Another way to improve Phonenix
Hi Hendrick,
Here is another idea to improve Phoenix. A long story I must tell.
As we all know that Phoenix run well in USDJPY. Here I forward the backtest result again. It is using TP=42, SL=84, TS=0. No Breakeven. It is same with Phoenix 4.2 settings. Risk=0.3 and DecreaseFactor=0. Testing Data: May 2006 - October 2006
The result is converting $1000 to $154,953
It has created:
buy = 47 trades with 89% win
sell = 62 trades with 79% win
and overall winning probability is up to 83%
I use the same setting, but I only allow for BUY trade. Here is the result:
buy = 79 trades with 70% win
Converting $1000 to $716 (only!!)
And when I allow SELL, the result as follow:
Sell = 83 trades with 63% win
Converting $1000 to -$912 (LOSS!!)
I am very surprised how this profit buy $716 and loss sell $912 can be a profit of $154,953.
The fact found:
(1) Phoenix has sell/buy signal = 1 or 2 signal per day.
(2) The signal doesn't execute into a trade because there is an open trade already.
(3) It is not useful to follow all the signals since the accuracy is only 70% (buy) and 63% (sell)
(4) If people do forward test, they could have different result. Everybody here is not testing with same starting time (same day same time). So everybody is going with different train. Some people got profit, some people get losses. One person can have 1,4,7,9 while others will have 2,3,6,11 etc.
Improvement Possibility:
------------------------
I think Phoenix must have DIFFERENT SETTING for BUY and SELL. For example:
Buy: We keep TP = 42 SL = 84
Sell We have new setting TP = 35 SL = 60
Not only TP/SL, but also all of these ( SMAPeriod, SMA2Bars, OSMAFast, OSMASlow, OSMASignal, Fast_Period, Slow_Period, DVBuySell, DVStayOut ) must be reconsider.
So Hendrick, if you can increase each of buy/sell with winning possibility to 80%, I believe when combining them, your Phoenix can reach 95% winning probability.
In short word: "DIFFERENT SETTINGS FOR BUY AND SELL".
Any comments from you or other people here?
1. If you attach an EA initially to one chart period (30m) and change to another chart period (15M), does the EA stay committed to the original attachment (30m), does it change, or is the period choice a function of the EA (Phoenix)? 2. If you open Phoenix in multiple charts of the same period (or different ones) so the you can enable one of each of the mode options (3 modesX5perfs=15charts) will the indicator fire the same signal (in the same time period) in each corresponding charts for modes for 1 & 2 (set of 5 charts enabled in mode 3 and a set of charts enabled in mode 2 and a set of charts enabled in mode one), will the 2 modes fire the same trade (assuming acct value and margin), will one EA take prioity and the others for the same chart not fire (3 charts EURJPY in different modes and/or times)? Just curious.
let me try to explain how it works:
in general, calculations are done for whatever symbol and timeframe (=chart) the EA is attached to. if you have attached the EA to $JPY/15M the calculations are based on the 15M timeframe for $JPY. if you change the timeframe, the EA "resets" itself and calculations will be based on the new timeframe. it is never a good idea to change timeframes when there is an EA attached to a chart. open another chart, if you need additional timeframes.
however, current open positions as well history data are based on the given currency pair. if you have an EA on the 15M timeframe placing an order and if you have a second EA placing a second order on another timeframe for the same currency pair, the software can't initially see a difference where (on which chart/by which EA) the order was placed. that is why EA's use MAGIC-NUMBERS. if you have more than one EA running for the same currency pair, you have to make sure that the magic-numbers are different.
if you want to run different "modes" of the phoenix EA for the same currency pair, you need to adjust the magic numbers OR to make life easier, just open additional demo accounts and run muliple instances of MT.
AZBOfin