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Old 11-18-2006, 07:07 AM
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daraknor daraknor is offline
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Weekly build notes:
HerbertH Mode3 fix
This is the Hendrick approved fix for mode 3. There is no change to the buy logic, but the stoploss code has been edited. If position 1 exits at a profit, position 2 has SL = breakeven, position 3 has SL=Position1Profit/2. Now if the first position wins, second position at least breaks even, and the third position will have at least half of first position profit. Most of the code has been edited for Mode3, but most of it was equivalent code. New code looks very clean. No settings to change.

Dagnar@ForexFactory Consecutive Signals
(Ignore Buy/Sell tick signals less than threshhold, setting of 5 had excellent results backtested by Dagnar. Reported 50% more profit EURJPY in Mode 3 v5.6.3. A setting of 1 should not affect trading at all. http://www.forexfactory.com/forexfor...&postcount=875
A setting of 100 and 200 were used with very very good backtested results.
http://www.forexfactory.com/forexfor...&postcount=876
The timeframe is "ticks of confirming signals" not minutes or timeframes. I don't know the new method for approximating intrabar tick data in Build200 backtesting but this setting is very conditional on that method. (This also means Build198 will ahve different results than Build200 for this parameter.) Another variation submitted by Dagnar on the FF forum is based on "consecutive bars for the same signal" which would pick entry signals independent of the intrabar algorithm.

Daraknor "MaxTrades" option

This is just a research option because I am curious. I posted above that people trading the same broker at the same time for the same currency were getting vastly different results. The main reason for this is a slight offset in the trading. I think manual closing or editing the trade signals in any way vastly alters the entire trading behavior from then on. As a matter of curiousity, I would like to see more trade signals. I would recommend a very low max risk if this setting is over 5. I have not tested it at all (cutting edge weekly build), a value of 1 should not change behavior. I thought this was a very useful addition when combined with the consecutive signals option because consecutive signals will automatically stagger the trades (instead of opening 1 trade per tick). This trade change may be explosive - be warned. A large setting is a gamble, but adding code here is easier than writing a ton of code to view the signal output.

Summary: using default values is essentially 5.6.3 with a mode3 fix. We have two parameters to adjust now to research how to increase the trade stability of Phoenix.

Thank you all for contributions, we have many things that would be excellent to add. Out of the design comments so far, how would you like Phoenix to be developed? All comments are welcome, all code contributions are welcome.

Last edited by daraknor; 11-18-2006 at 05:32 PM.
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