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Here is my result for the past week. I have edited out trades not made from the EA. It was a very sideways week in general, so there wasn't that many trades.
Can someone tell me how to work the strategy tester in Metatrader. When I run it on anything the report comes up with all zero's. What am I missing? Thanks.
Can someone explain to me the following statement under current settings setup?
When PrefSettings=true, Phoenix will use the settings
that are coded in the EA itself. You have to use this
setting if you want to do a forward test on your demoaccount
or if you want to go live. For testing you have
to set PrefSettings=false. In that case you have to set
a value to the following settings:
Does this mean to forward test you can only use the default preferred settings and not your custom optimized settings but the results will be identical?
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!
Hi Hendrick,
Just a thought, for example we trade:
SELL - GBPJPY 1 Lot
It means
1 Lot BUY EURCHF,
1 Lot SELL CHFJPY
1 Lot BUY EURGBP
Then it means with GBPJPY you just use 1 Lot, and for correlation, you need 3Lots.
So I guess you have to elimiate one / two currencies which has wrong direction and then take the only profitable one or two most profitable.
Btw, to add performance to the EA, will you cosider GBP/JPY trend going up so only trade buy? GBP is much more stronger currency than JPY, and I think it is going up for long.
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.
John
Hi John,
Phoenix Booster is kind of an experiment. It's not mend to replace Phoenix 4.2. Nice results btw!
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.
Thanks for all your work Hendrick
Hey Herbert,
I think I will test both scenario's. Will make an option in Phoenix Booster to choose between these two scenario's. Will be interesting to test these two.
Can someone tell me how to work the strategy tester in Metatrader. When I run it on anything the report comes up with all zero's. What am I missing? Thanks.
Kevin
Hi Kevin,
When you're back testing, use PrefSettings=false and MM=false. After that you have to set the parameters in your Stratgey Tester. You can find the parameters I mean in the code with every pair.
Can someone explain to me the following statement under current settings setup?
When PrefSettings=true, Phoenix will use the settings
that are coded in the EA itself. You have to use this
setting if you want to do a forward test on your demoaccount
or if you want to go live. For testing you have
to set PrefSettings=false. In that case you have to set
a value to the following settings:
Does this mean to forward test you can only use the default preferred settings and not your custom optimized settings but the results will be identical?
If you want to use your own settings for forward testing you can change that in the code and use PrefSettings=true or use PrefSettings=false and
set the parameters for every pair in the EA that's attached to your chart.
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