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think u did a very good ea hendrick. I'm following the post from beginning.
just I wanted to ask u one thing, when i set the expert on the chart. on inputs, pref settings do i have to put true or false? then i use ur file chart and i change the settings to each one.
and how are the results ?
i test this system from 10.09 to 10.13 with a demo account, on EURUSD and USDJPY. In this week the system execute 5 trades on USDJPY, 4 closed at target point with 42 points profit each, 1 not closed with 36 points profit, 2 trades on EURUSD, 1 closed by stop-loss of 84 points, 1 not closed with 15 points profit.
i think that is an amazing result of USDJPY, 100% profit trades.
the system also makes a 10% increase of my live account.
i test this system from 10.09 to 10.13 with a demo account, on EURUSD and USDJPY. In this week the system execute 5 trades on USDJPY, 4 closed at target point with 42 points profit each, 1 not closed with 36 points profit, 2 trades on EURUSD, 1 closed by stop-loss of 84 points, 1 not closed with 15 points profit.
i think that is an amazing result of USDJPY, 100% profit trades.
the system also makes a 10% increase of my live account.
thank you hendrick!
hoping for better version for EURUSD!!
Scout, do you use default settings? If not can you post them?
Scout, do you use default settings? If not can you post them?
i just use the default setting
something is strange. after this week's forward test , i do a backtest of this week with the same settings/same time ranges of USDJPY, but results are very different. Don't know why.
but results of EURUSD between last week's forward test and backtest are the same
Ok, Phoenix is not a bad EA. Look at your statements and Phoenix is still in the top 10 of the Contest. So it has some kind of potential. However what I don’t like is that some trades are in contradiction to each other. It don’t take currency correlation in account (if you don’t know what currency correlation means, just Google it). So I want to build a correlation function in Phoenix and this is the idea behind it:
There are 2 pairs that are far more profitable than the others: GBPJPY and USDJPY. What I want to do is to make a special (test) version of Phoenix, Phoenix Account Booster (I don’t like small gains, I want my account to increase substantially within 1 year) that’s taken the following currency correlation in account:
SELL - GBPJPY will means:
BUY EURCHF, SELL CHFJPY and BUY EURGBP at the same time
BUY GBPJPY :
Sell EURCHF, BUY CHFJPY and SELL EURGBP
The only thing you have to do is to attach PhoenixAccountBooster to the charts GBPJPY and USDJPY and the EA will do the rest. Is it risky? Yes of course. If one trade goes against you, all the other trades will do the same. So we have to find a way to keep this risk between acceptable borders. First is the performance until now of the GBPJPY and the USDJPY with Phoenix. According to this performance you may expect more profitable trades than loosing trades form these pairs. Furthermore I will try to find new settings for a SL, TP ratio of 1:2 (it’s now 2:1).
Problem is that you can’t backward test “correlation EA’s”, so I have to forward test it on a demo-account. I will post this special version in the weekend. So if you have some space to test another EA the please be my guest!!
You'r using MM=true. It then takes your available free margin in account to determine the number of lots. So, a large free margin means a larger numer of lots. That's it!
Amazing Result on USDJPY!!!
i just use the default setting
