Phoenix 2007 (new thread)

[daraknor]

Phoenix - Development+Suggestions - MQ4 in Post#1
I recommend Phoenix 5.7.0 at this time. Phoenix 6 is currently in Alpha4, and we hope to have beta released before the weekend is over.

[fxgrm]

Hi:

Maybe someone can help me with some questions I have.

I have downloaded Phoenix v5.7.0 and I am getting ready to trade in a live mini account starting with only $500 .

Q 1: Do I just leave all the settings on default or should I change some of them? (such as MoneyManagement setting)

Q 2: What is the maximum amount of leverage allowed for trading this system?

My account is currently set up with 400:1 (was used for hedging system). Should I change it to 200:1 or even 100:1?

Any other advice you can give me on proper settings would be appreciated.

Thanks in advance!

[daraknor]

Margin doesn't matter as much as people think. The default settings should trade fine for GBPUSD M15 but I don't recommend any other default settings at this time.

[roark4]

Members,

Is anyone trading this EA live at the moment? Could someone familiar with it post results. Thank you in advance.

Roark

[m6m6]

Originally Posted by roark4

Members,

Is anyone trading this EA live at the moment? Could someone familiar with it post results. Thank you in advance.

Roark

I personally trade Phoenix 5.7.0 live on GBP/USD. You will have a lot of answers in the other Phoenix threads and in particular in the following :
Live Testing reports

If you decide to use Phoenix live, you should consider opening an account with FXDD and request that Phoenix Funnd be the IB. More info here :
PhoenixFund

[dustovshio]

would it be possible to subtitute !xmeter indicator to send signals? It's a simple ea that calculates the strength of prices. For example 7.0 eur 2.0 usd indicates long position on the eur/usd. It always works at these levels. Indicator is attached - drop it into the experts folder and double click.

[TraderSeven]

I see !xMeter EAs popping up in many threads. None seem to work for me.
What I'm really looking for is a indicator version.
Can someone please post it?

[daraknor]

I'll look into the source code for indicators, Phoenix 6 has been released and I'd like to pile up some indicators into it. I made a different strategy without OSMA or moving averages by adding RSI. The backtesting and testing out of bounds (on non optimized data) seem solid, although not a huge performer. I'm going to keep hunting for settings for other currencies as well. The P6 thread has both EA and settings file, the Dev thread has the EA only, the settings thread has the settings only.

[artforex]

Originally Posted by TraderSeven

I see !xMeter EAs popping up in many threads. None seem to work for me.
What I'm really looking for is a indicator version.
Can someone please post it?

To TraderSeven:

But EA based on xMeter is not working properly - or better say, not in the best way. If you would like to cooperate on improving let me know - I like general philosophy of xMeter.

Art

[artforex]

Originally Posted by daraknor

I'll look into the source code for indicators, Phoenix 6 has been released and I'd like to pile up some indicators into it. I made a different strategy without OSMA or moving averages by adding RSI. The backtesting and testing out of bounds (on non optimized data) seem solid, although not a huge performer. I'm going to keep hunting for settings for other currencies as well. The P6 thread has both EA and settings file, the Dev thread has the EA only, the settings thread has the settings only.

Hi daraknor,

could you send me link on Phoenix 6 pls ?

Art