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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!
Hi!
So, if I turn it to false, will it use only one lot?
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!!
Please give me some feedback about this!
No problem here, i would be glad to. When its finished just post it and i will forward test it!
So, if I turn it to false, will it use only one lot?
What about the lack on signals today on cable?
SF
If you use MM=false (I wouldn't do that if I were you) the number of lots are taken from the parameter "Lots". Maybe you better can open a more realistic demo-account of 5K or 10K.
If you use MM=false (I wouldn't do that if I were you) the number of lots are taken from the parameter "Lots". Maybe you better can open a more realistic demo-account of 5K or 10K.
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!!
Please give me some feedback about this!
Hendrick,
Again a feature I recognise; how often have I watched in horror how opposite pairs start trading in the same direction!
Would it however be an idea to NOT trade the correlating pair(s) if they do not agree with the (opposite) direction of their leading pair?
In that case only the leading pair should start trading I think.
Closed down the EA for the weekend that accounts for the dip at the end of the gif.
A good result from my viewpoint and showing a net profit of $857 for the week.
I have downloaded the latest copy from post #1 and will have it set just prior to Monday morning.
I am however confused about the Phoenix Account Booster is this a new EA that will be available before Monday or is it the new settings from the latest EA. If it is still to come should it be used just on those pairs mentioned and on a seperate account or added to those pairs in the overall testing.
Linear Mode
