Quote:
|
Originally Posted by Shinigami
Do you not think that any system should be able to work stable in the long run?
|
When an EA is programmed for market conditions it performs well in those market conditions. When the market leaves those conditions (becomes strongly trending for Phoenix) then it needs to stop trading or only trade in the direction that works (TP with the trend, doing counter-mini-trend on dips). Long term stability is achieved by knowing when to *not* trade.
Quote:
|
Originally Posted by autumnleaves
Question: can someone provide a detailed description of the meaning of each of the input settings?
|
Very soon this will be my focus. I think I have Mode3 finally fixed in 5.7. I ripped out most of the existing detection code and replaced it with 2 lines that work well. Less flexible, more reliable. If we don't get any bugs today, then I work on settings and documentation.
Quote:
|
Originally Posted by autumnleaves
The old Phoenix manual is rather sketchy on some of the parameters. I'm wondering, for example, if there are trailing stops in modes 2 and 3 (and how to set them).
|
Trailing Stop is only available in Mode1. Mode2 sets a breakeven SL on Trade2 after Trade1 sort of exists. I haven't debugged it much or seen it in use much. Now that we can achieve similar functionality in Mode3 without changing any code I may make Mode2 something completely different. Mode3 opens 3 trades. When any trade exits, Trade2 and Trade3 have SL=Breakeven. If Trade3 is the last trade (meaning Trade2 has exited) then SL=TP/2. Now that additional detection is made, we could activate Trailing Stops as well. (Maybe as the new Mode2?) If anyone uses Mode2 please let me know.
Quote:
|
Originally Posted by fikko
I've done this for a few weeks, but the result is not good. Phoenix can have more than 90% winning in back test, but it couldn't predict future.
|
We have seen it done, we just don't know how to do it. Right now the trending market is straining for Phoenix. Another complication was the bugs in Mode3. I am beginning to think we should do all optmization in Mode1 (for reasons explained in the main Phoenix2007 thread). If you optimized Mode3, then you optimized bugs :/ 5.7.0 seems stable for Mode3, I tested 5 times on 3 different data sources for months of data. It looks... different now.
Rather than picking a fixed 2 month time, I'm thinking of setting MaxTrades to 10, setting signal_count to 10, MaxRisk very low and then optimizing that *since market shift*. Every time the market shifts style, treat that as ground zero and reoptimize. Don't include the most recent week of data. Then apply those settings to the most recent week and test for profitability (the top 5 or 10 results). The 6 month rule from Hendrick worked very well because the market had been the same for about 6 months. That is no longer true. I will follow up on this soon.
Quote:
|
Originally Posted by Jonisu
is Phoenix profitable when using demo account only ?
|
People are still making money on real accounts with the default settings. We just haven't figured out how to make new better settings yet. My main focus has been fixing bugs. It turns out that many people were optimizing bugs. If the bugs are fixed, I will turn my attention to opimization more.