Lol and we get more time for some forward testing.

I really like the new way. It doesn't change anything but make it easier to use. We are hoping to get something special down the road. That way it will be something special also in 'user friendly' category. And since Pcontour is willing to do the work again...

I hope this wouldn't interfere with your code, which is already finished and it waiting to be used in Phoenix, Daraknor and I hope this could be done.

Mario

I checked and all PrefSettings are the same as in previous version. Here: Settings Files (msg 19) you have all current original settings for easy comparism.

Maybe you want to check into MaxRisk. 0.05 would be default (conservative number) and 0.3 would be agresive number. Your 1.4 may be to much off, and may cause some unplaned results. May, dunno....

Btw, what 'zackly do you mean with low results? Less trades? Less proffit? Something else? First impression?
Mario

Yes, the variable changes were definitely the bulk of the work and the bulk of the contribution. If 5.6.7a is executing trades without errors, then I will definitely keep my hands off of it for a while. Separating "currency settings" from "MM settings" and "trade logic" is very necessary and in some ways the variables merge together.

We are about to start ambitious projects on "discovering and tracking" the best settings, so making these changes that you suggest should definitely happen before that gets underway to avoid incompability.

I would like to talk to you about Phoenix 6 more, so we can plan the variables in a way that Phoenix 6 and Phoenix 5.x with revised settings makes mroe sense. I do agree with you regarding maintenance, the utility of software is high for a one time cost in time, but the logistical costs are fixed. The community redesign was an attempt to spread the logistical costs among multiple people and it appears to be working. We keep getting new users, and they are asking more intelligent questions now.

I really like what you have done, but I want to avoid:
#1 needing to do change everything again for phoenix 6
#2 a fork in settings tracking (this would probably be worse than a code fork)
#3 delaying the release of a stable product

Well, the account almost always went down close to zero when I used those settings. Risk=0.14 corresponds to my favorite Risk/Stability factor I found for version 5.6.6 -- I would actually trade real money with that risk setting if v.5.6.6 was a bit more reliable during all time periods. It seems that in 5.6.7a it is much harder to get your account balance to multiply by 5 to 20 in 6 months

Wow, I made a mistake in that post, I wrote Risk=1.4 instead of Risk=0.14. I used 0.14 for comparison of the versions

That is odd, because the only change in 5.6.7a was mode 3 bug fixing on stoplosses. Maybe not moving SL was a good thing?

Mode1 results should be identical. If you want a big massive trading spree, use mode1 and set maxtrades=5-10 and signal_count=30-100. That should impress you.

I see, Risk=0.14

Which broker do you use? I'm forward testing on FXDD with defaul settings and my account actually gained around 15% in two weeks! Ver. 5.6.06 and last two days 5.6.07a. With one pair having all lossing trades. Two or three pairs (out of 6) finished in red. And still overall gain around 15%

With better settings for that pair, gain would be even better. This looks very good and promising to me.

As of profit compared with previous versions - you need to understand, that 3-6 months ago were different conditions. It is unreal, to expect, that EA will double up every month, lol but if we can get some consistent 10% per month, I would be very happy. And looks like I'm gonna be very happy lol

Mario

Hi.
I've one question.
Testing Phoenix since 2 months with a demo account of 25K.
Today this account reach arround 68K. That is Great.
But more trades are big, more risk is big.

Here's my question :
For example this morning, i've got 1 trade à +6K , (comfortable result for less that 2 hours of trade), but as it's didn't touch the T/P (a little higher i think), this trade continue and now unhappily, it's at -11,5K....

Could we continue to increase the lot size and reduce the T/P automatically? (when the account reach a comfortable position)

Thanks.

MM risk vs Mode 3

Decreasing the TP and increasing Lots over time is a decent idea, except we might actually be right about the potential profit level. If we reduce the TP to 1/3 the SL instead of 1/2 the SL, then we need to have over 75% wins instead of over 66% wins just to break even. This ends up having some issues overall.

Mode 3 on the other hand is designed to work with one trade at 0.5 TP, one trade at full TP, and another trade at 1.5 the TP. If the 0.5TP succeeds, then the other trades are protected. Their SL is set equal to the entry point, and they won't loose us any money. That we can take 24 pip * 1/3 lot size as profit. If we take the full 48 pip TP, then the last trade has its SL moved up to a 24 pip profit. Essentially if the first trade wins, we get something. If we were trading 3 lots overall, and we had a 48 pip TP, we would make
24 pips if trade 1 TP, 2 & 3 SL
96 pips if trade 1 & 2 TP, 3 SL
144 pips if trade 1 2 & 3 TP
The pip winnings are calculated based on a single lot size, not 3 lots.

That is how it is supposed to work at least, but Mode 3 has never worked right.

Thanks DarakNor.... I hope this mode will be run one day...