I have few cosmetic suggestions. These wouldn't affect behaviour of Phoenix.

1 - Could be added this code: http://championship.mql4.com/2006/users/Hendrick/page2 into Phoenix? It shows buy/sell signals.

2 - If possible, can be added switch to turn plotting of these signals on/off?

3 - Can be added 'entry field' in EA properties and whatever I would enter into this entry field would be added to comments? Hmm, my English is bad, let me try to explain.

When Phoenix7 makes trade, you have "Phoenix7" in comment column. Say I want to have the same way recorded some different settings I will use. For example, I will use TP=50 and (riskfactor) RF=0.1; So perfect would be if there would be Entry filed in properties of Phoenix, where I would type TP=50, RF=0.1 and then I would see in comment column this: "Phoenix7, TP=50, RF=0.1"

So version number is coded into code and additional comment is added through Properties of EA. Is this possible? It could be very usefull. If this combination is not possible, then just entry filed in EA's properties, would work fine and version of EA would be also added manually as new settings.

My plan for next week: I will forward test using latest 6_04 version, each mode for one pair + original contest version. I will use the same settings and the same pairs on two different accounts: FDXX and Crown. Demo only. Don't have live account's yet.

Mario

Hi! I'am testing Phoenix 5 on live account, and I've got a proposal.
As you could notice, very often opened position go against us for 20-30 and more pips before hitting take profit, or it hits stoploss. For example,Phoenix buys at 1.2900. Then the price goes to 1.2870 (-30 pips float) and later it reaches 1.2942, or again reaches 1.2900 and goes down until stoploss is hit without any profit.
So, we can use that by putting buylimit order at 1.2870 (after position at 1.2900 is opened) with the same stop loss as the first position has, that is 1.2900-84pips=1.2816, and take profit 1.2942 or just at break even point 1.2900. Therefore, in that situation we receive additional profit, and we can reach very good gain/loss ratio, even 2:1 unlike it is now 1:2 or 42/82.
Please, give your comments.

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Cosmetic changes make more sense for research than arbitrarily changing the number of trades that Phoenix enters. If someone could modify 5.6.4 and call it "Phoenix 5.6.4 cosmetic" I would appreciate it. If nobody else does it, then I will do it Sunday night or Monday.

sounds good.

So in addition to the direction being painted on the chart, it would be useful to have "what phoenix was thinking" at the time it made the chart. Easier than a label would be printing to log. Labels have a pretty small limit on the amount of text, but it should all fit. My personal preference is log over label for memory usage, but I also feel comfortable reading logs. If both are added that would be ideal, and we can comment out the labels to increase performance again.

I should add that in the extern text settings. Next release I shall. All great suggestions for helping us understand Phoenix.

I am trying to understand your suggestion and I don't see how you decided to set the buylimit. I'm still eating breakfast so I'm not a little disoriented early morning.
Since I am not understanding, I will explain an idea that is similar but not the same, maybe someone else will understand us both. Maybe I will read this again in 2 hours and I will understand.
Phoenix is currently limited to 1 trade per currency. An alternative would be changing Phoenix to having 1 trade with SL = potential loss, and then enter additional signals as they come in. If our risk on the first trade is 0 pip, and we receive an opposite signal, should we execute the signal?

hi,
i am testing phoenix with mode1, as you can see test is good, i want to continue test in the next weeks, because i want to verify the profitability and drawdown of EA. (i am using demo fxdd)

what do you think if we introduce maxorders and pipstep for additional order ( do you remember firebird?)

i am thinking that if we want EA-stable we must manage those lose-orders with additional orders


giapel

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The current system has a maxtrades = 1 per currency. I introduced a setting that allows more trades per currency but I haven't tested it yet. (Default is keep the same behavior as before.)

Could you post your live test results in the "Live Testing reports" thread? Easy access by clicking Phoenix in "Forex Trading > Trading systems > Phoenix"

Thanks very much HerbertH for your trouble! Your effort seems to be a bit 'snowed under' because of all the recent developments. Just wanted to let you I for one appriciate your work very much!

Vince

PS:
Regent hier nog steeds... :-(
[=dutch for: still raining here...]

__________________
To most people, the sky is the limit. For me it is home.

Hi Trader83, I am also testing and I like your idea - I was thinking along those lines myself. So is this what you mean more or less?

Price usually goes against initial trade by 20-30pips so why not take advantage of it by setting a buy/sell limit at the same time the buy or sell signal is generated. you could set the TP to the open price say 15-30 pips or let it ride along with the first TP of 42 pips(or whatever). If it isn't hit then have phoenix close it when 1st TP is hit.

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Ditto on a big thank you to Herbert.

Greg

I think it is very good idea and would generate some additional profit ..........if not extra loss sometimes
You can calculate yourself manually whether price will move 'for your idea' or against on simple backtested open chart.

Easy to do is to apply this MT4 'distance measure technic':

1.Click center weel of your mouse on the Bar the trade is open (get crosshair)
2.Click and hold left mouse button and move it ot next point of interest bar
and MT4 will display distance from your previous click in format... ....bars/pips/price

This is simple and you can estimate % of ....for you/...against you
and have some basic results for your idea for say 100 trades and post it here

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