Phoenix 2007 (new thread)

[Hendrick]

It’s time to start a new thread about Phoenix. And let’s call it “Phoenix 2007”. Because Phoenix 2007 is not finished yet, you will find the latest version
(4.2) here to play with.

What’s the idea behind Phoenix 2007:

I’m one of these guys that believes that everything in this world is subject to some kind of natural law. The effects of these laws are known as patterns or cycles that seems to repeat themselves over and over again. Some of these patterns or cycles are well known: seasonal changes, day and night, the cycle of live and death, phases of the moon and so on. If you have knowledge of these patterns then you are able to predict the future. We all agree that after a summer there will be a winter. Is Forex subject to these laws too? Yes, I believe it is.

When we are studying our charts (the past) through Technical Analyses, we are trying to discover those repeating patterns, assuming that when these patterns are repeating themselves in the past they will do so in the future. Looking for patterns on charts has only one disadvantage: we can only discover patterns that are visible to the eye. And here comes my point: it’s my belief that there are a lot more patterns in Forex than the ones you can see on your charts! Let’s call them “hidden patterns”. And that’s where MT4 with its Strategy Tester comes on stage. By using the power of your PC and MT4 it seems that it’s possible to find those “hidden patterns”. You can’t see this patterns on your chart and they only reveal themselves to you as that special combination of settings that gives you the best Net Profit.

And that’s the idea behind Phoenix2007: keep on testing and changing until you have found this special combination of settings, that gives you a smooth up going balance-curve. There’s no doubt about it that this balance-curve will continue in the same direction for at least the coming four to eight weeks because the law that’s causing this won’t stop or change. Only thing to be done is backward test every 2 weeks to see if the settings are still up to date.

I know that some people will call this “curve-fitting” or “over-optimizing” an EA. And it seems that most of them thinks it’s not desirable. In my opinion there’s nothing wrong with “curve-fitting” in this case. More about this later.

I’ve made a special version of Phoenix for the “Automated Trading Championship 2006”.
Go to http://championship.mql4.com/2006/participants if you want to follow the results. That little man in the second place “Hendrick” that’s me.

And now some “rules of the game”:

You can the change the code of Phoenix if you want to, but please don’t post it in this thread!

Some of you will going to test (I hope) Phoenix and will come up with different settings. It’s not that I don’t trust your settings but I really want to test these settings first in my own way. And if they are better I will replace the official settings with your settings. This to prevent that too many settings are circulated in the thread and in the end nobody knows which settings have to be used.

Warning:

The combination of pair, TimeFrame, TP, SL and other settings are in “balance”. If you change one of them without changing the other settings the balance will be gone and you will not get the results you want to have, So changing one of the settings means that you have to use your Strategy Tester to find another combination of settings to restore the balance again.

The following files are attached:

HowToUsePhoenix.pdf
An explanation about the settings of Phoenix

ModellingQuality.pdf
A short manual about how to get a 90% modeling quality when using the Strategy Tester of MT4.

Phoenix_EA_v4_2_01.mq4
The EA itself. Version 2007 will follow as soon as possible. The settings for the pairs are for now hard coded in the EA. Every time the settings changes, the last two figures at the end will change (so next time the EA will be renamed to Phoenix_EA_v4_2_02)

OfficialSettings2006_10_7.txt
The latest settings for Phoenix. Look at the date at the end (format YYYY_MM_DD). You have to copy and paste these settings in the EA or you can install the latest version of the mq4-file where I will change the settings for the pairs.

TR_pair_date.htm The latest test report for a pair.

Well, this is it. Let’s work all together to improve Phoenix!

==========UPDATES=========================
2006.10.9
New version Phoenix_EA_v4_2_02. Fix for problem with certain mini-accounts where the broker uses an "m" behind a pair (so USDJPYm instead of USDJPY).
2006.10.12
New settings GBPUSD, USDCHF
2006.11.3
Phoenix 5 is available
2006.11.5
New version 5.6.02 and update Phoenix guide
2006.11.6
New version 5.6.03 Fix for MicroAccounts

[jly77]

great post Hendrick!!! Wish you good luck in the Championship!

[Hendrick]

Attached you find the results of a forward test from 2006.09.12 to
2006.10.6. There has been a lot of tweaking during this period, but Phoenix made in spite of this a nice profit. If you don't take the results of the AUDUSD and EURAUD in account and the still open trades (account is now closed) Phoenix turned a 5K account into almost 8K in a short period. And thats not too bad for a start I think.

[Maury74]

Great work Hendrick!!

[scout]

so cool!! much better than Firebird, i like it!!

[babarmughal]

Originally Posted by Hendrick

Attached you find the results of a forward test from 2006.09.12 to
2006.10.6. There has been a lot of tweaking during this period, but Phoenix made in spite of this a nice profit. If you don't take the results of the AUDUSD and EURAUD in account and the still open trades (account is now closed) Phoenix turned a 5K account into almost 8K in a short period. And thats not too bad for a start I think.

What setting are you using hendrick ???????

Thanks

[Hendrick]

Originally Posted by babarmughal

What setting are you using hendrick ???????

Thanks

Hi,

The settings I use are to be found in the OfficialSettings file of today (see post #1).

I will start a new demo-account for the next week with the pairs I think are most profitable:

USDJPY, EURJPY, GBPJPY, EURUSD, CHFJPY, USDCHF and USDCAD.

[scout]

Originally Posted by babarmughal

What setting are you using hendrick ???????

Thanks

see this file in the .zip file you will find the settings

SettingsPhoenix2006_10_8

[Hendrick]

If anyone is forward testing Phoenix for the next week, will you please post your statements on a daily basis and don't forget the broker you're using for your demo. I want to compare your trades against mine.

If someone is testing on a live micro-account then I'm very interested in the results. So it's micro-account and not mini-account.

[hulahula]

Go Hendrick - Go hendrick , just a lil bit more , cut it from the inner coner . cheers