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Hi Hendrick, following closely and not wasting posts! I am testing Phoenix 4.2 with a very small opening deposit, $810, and an aggressive maximum risk, .3. This is to simulate an attempted recovery of one of my live trading accounts that has been not treated too kindly by another EA! So far so good - Equity = $864 after 36 hours.
Anyway congratulations on getting back within an Ace of the top!
By the way, can you tell me which broker has a demo account with CHFJPY - I would like to test Booster 3 when it comes out, but Interbank only has it on its live accounts?
Hi Hendrick, following closely and not wasting posts! I am testing Phoenix 4.2 with a very small opening deposit, $810, and an aggressive maximum risk, .3. This is to simulate an attempted recovery of one of my live trading accounts that has been not treated too kindly by another EA! So far so good - Equity = $864 after 36 hours.
Anyway congratulations on getting back within an Ace of the top!
By the way, can you tell me which broker has a demo account with CHFJPY - I would like to test Booster 3 when it comes out, but Interbank only has it on its live accounts?
You can try one of these brokers: MIG Invetments, InterbankFX, North Finance, FXDD for CHF/JPY.
I see the expert of Rich is using amount more than 5 lots at one chance. He has another thinking to avoid 5 lots maximum per trade by splitting the trade. So he can trade maximum 15 lots!
I guess Phoenix can't chase him, because he found the hole to play with.
But in real life. I trust on Phoenix to win
Next year championship, do not forget to split the trade into 100 trades..
still trying to understand tester reliability
Backtest of Phoenix_4_CONTEST version from championship for period Oct 02-Oct 13
is tracking championship statement only for first 4 trades.After that tester shows the trade in opposite direction than championship statement.
Does anybody know how we can rely on tester at all or brokers changed some data feed to championship??
Well, I don't know about your results with Booster, but those of mine were not very promising. It also makes no sense in my opinion to open four trades that are correlated: they could go all against you so to me this looks more like gambling.
For the time being I will concentrate on the further development of Phoenix 4.2 and put Booster on the shelf (unless you guys have ideas how to improve it).
Nevertheless I think the concept of currency correlation can be used in Phoenix 4.2. This is my idea: if there's a BUY/SELL signal for a pair, the EA will first check if there any open trades for pairs that have a strong correlation with the pair where you get the signal for. If so the signal is not valid. Another option is to look how the open correlated trade is doing: is it loosing or is it in profit. Based on that a decision can be made to open the new trade or not.
Let' stick for the moment to the first option: don't trade if a strongly correlated trade is open. For those of you, who had tested Phoenix for a longer time: in your Account History you can see if this makes sense or not. I would be most grateful if some of you could check this and report it back to this forum.
You can use this summary. First column is the pair where you get BUY/SELL signal for and the second column are the pairs that are strongly correlated to the first pair. So if you get a BUY/SELL signal for the EURUSD and there is an open trade for the USDCHF or USDCAD then the signal is not valid:
I have Phoenix_EA_v4_2_03 running on GBPUSD, 15M; USDCHF, 15M and USDJPY, 15M.
It bought USDJPY at 119,14 yesterday and it is still on. Today it has only sold USDCHF@ 1,2686 and closed it at 1,2644. But it has not traded cable and cable has gone up 128 pips.
Championship Update
Linear Mode
