Phoenix 2007 (new thread)

[fikko]

Originally Posted by Hendrick

Hi Salty!

Yes, I think your idea makes sense. Anyone else has opinion about this?

Dear Hendrick,

About the lot calculation for Money Management, I think if Phoenix run for USDJPY for risk 0.3 and GBPJPY for risk 0.3, then the trade amount for $10,000 account is 3 Lot for each. Currently Phoenix 5 doesn't open the same lot for second trade. It is true, it is not based on free margin.

But there is one thing should be taken into consideration is Leverage.

I copy and paste the code from Cyberia EA, which is actually quite good in determining number of lots open. You can place Phoenix into many Currencies, but perhaps only 2 order open at the same time. (SymbolCounts=2)

PHP Code:

           S = (AccountBalance()* Risk - AccountMargin()) * AccountLeverage() / 
                (SymbolsCount - OrdersTotal()); 


The code is using OrderTotal(), however this may need to be changed, because Phoenix may open 5 trades for 1 currency!!

And I think you may need more "Risk" variables for each of classic, double trade and 123.

PHP Code:

int CyberiaLots()
  {
   GetMarketInfo();
   // Sum of the calculation
   double S;
   // Cost of the lot
   double L;
   // Lot quantity
   double k;
   // Cost of one pip
   if( AutoLots == true )
     {
       if(SymbolsCount != OrdersTotal())
         {
           S = (AccountBalance()* Risk - AccountMargin()) * AccountLeverage() / 
                (SymbolsCount - OrdersTotal());
         }
       else
         {
           S = 0;
         }
       // We check, does currency appear to be EURUSD?
       if(StringFind( Symbol(), "USD") == -1)
         {
           if(StringFind( Symbol(), "EUR") == -1)
             {
               S = 0;
             }
           else
             {
               S = S / iClose ("EURUSD", 0, 0);
               if(StringFind( Symbol(), "EUR") != 0)
                  {
                  S /= Bid;
                  }
             }
         }
       else
         {
           if(StringFind(Symbol(), "USD") != 0)
             {
               S /= Bid;
             }
         }
       S /= ModeLotSize;
       S -= ModeMinLot;
       S /= ModeLotStep;
       S = NormalizeDouble(S, 0);
       S *= ModeLotStep;
       S += ModeMinLot;
       Lots = S;
       if (Lots>MAXLots){ Lots=MAXLots; }
       if(ShowLots == True)
           Print ("Lots:", Lots);
     }
   return (0);
  }




int GetMarketInfo()
  {
   ModeLow = MarketInfo(Symbol(), MODE_LOW);
   ModeHigh = MarketInfo(Symbol(), MODE_HIGH);
   ModeTime = MarketInfo(Symbol(), MODE_TIME);
   ModeBid = MarketInfo(Symbol(), MODE_BID);
   ModeAsk = MarketInfo(Symbol(), MODE_ASK);
   ModePoint = MarketInfo(Symbol(), MODE_POINT);
   ModeDigits = MarketInfo(Symbol(), MODE_DIGITS);
   ModeSpread = MarketInfo(Symbol(), MODE_SPREAD);
   ModeStopLevel = MarketInfo(Symbol(), MODE_STOPLEVEL);
   ModeLotSize = MarketInfo(Symbol(), MODE_LOTSIZE);
   ModeTickValue = MarketInfo(Symbol(), MODE_TICKVALUE);
   ModeTickSize = MarketInfo(Symbol(), MODE_TICKSIZE);
   ModeSwapLong = MarketInfo(Symbol(), MODE_SWAPLONG);
   ModeSwapShort = MarketInfo(Symbol(), MODE_SWAPSHORT);
   ModeStarting = MarketInfo(Symbol(), MODE_STARTING);
   ModeExpiration = MarketInfo(Symbol(), MODE_EXPIRATION);
   ModeTradeAllowed = MarketInfo(Symbol(), MODE_TRADEALLOWED);
   ModeMinLot = MarketInfo(Symbol(), MODE_MINLOT);
   ModeLotStep = MarketInfo(Symbol(), MODE_LOTSTEP);

   return (0);
  } 


[wilson1668]

Hi Hendrick,

I have read the the thread of the old version of the Phoenix which you mentioned "It's no use to backward test Phoenix for a longer period than 6 months. During the course of time the behaviour of pairs can change a lot. That's why we have to change the settings from time to time. I found that testing for 6 months is just the right period".

Does it also apply to Phoenix 2007?

Thanks!

[Hendrick]

Originally Posted by wilson1668

Hi Hendrick,

I have read the the thread of the old version of the Phoenix which you mentioned "It's no use to backward test Phoenix for a longer period than 6 months. During the course of time the behaviour of pairs can change a lot. That's why we have to change the settings from time to time. I found that testing for 6 months is just the right period".

Does it also apply to Phoenix 2007?

Thanks!

Hi Wilson!

I still think we have to change the settings from time to time, but looking at the Contest version of Phoenix, it's still doing great with "the old settings"! So maybe we can hold on longer to the original settings than I first assumed.

[Hendrick]

Originally Posted by fikko

Dear Hendrick,

About the lot calculation for Money Management, I think if Phoenix run for USDJPY for risk 0.3 and GBPJPY for risk 0.3, then the trade amount for $10,000 account is 3 Lot for each. Currently Phoenix 5 doesn't open the same lot for second trade. It is true, it is not based on free margin.


[/php]

Hi Fikko!

Please give me some time to think this over. Your contribution is much appreciated!

[payal]

this is not an indicator. you need to put this under your demo account experts folder (C:\Program Files\MetaTrader 4\experts). open the file and compile it and then attach this expert to the pair chart your are testing. good luck

Originally Posted by maria77

Hi all

I've tried to copy the Phoenix_EA_v4_2_03.mq4 to C:\Program Files\MetaTrader 4\experts\indicators.. tried to click the indicator but nothing happened.

Please help. Thanks!

* I'm testing it on a demo with InterbankFx.

[payal]

I checked the ATC and found that you are in first place.
Congrats Hendrick. A job well done. For all the tireless work you are doing, you deserve the first place.

Will be forward testing version 5 starting Monday and post the results here.

Cheers,
Payal

[uagadugu]

Hi Hendrick.. I have datas with 90% quality at USD/JPY.I 'm try to make a backtesting this pair with PrefSettings == false at M15.. but don't show me any results ...What is wrong?

Thank you

[SteveBrown]

Originally Posted by eooojj

Why should it be "Friendly"? I don't use Ebay....but if i were you ....i will forward some excerpts of this thread to Ebay and stop him before he even mades it available.

This is a friendly reply to u.

It was actually a very stern warning. Saying it was "friendly" implies that an unfriendly warning would be much stronger.

[eooojj]

Originally Posted by scout

manuel operation,hehe. it seems that only fxdirectdealer support MetaTrader

manual? wow...that means you sit infront of the computer 24hrs for 6 days ?

[AdamDuritz99]

Sorry for being a continued annoyance, but how does the MaximumRisk effect the leverage?

I'm new at this and I've read numerous times that a high leverage is a dangerous thing for beginners. So does a MaximumRisk of 0.1 = 10:1 leverage or a 100:1 leverage? Or do I have this whole idea all mixed up?

Thanks for your help.

-Sean