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When you get a new signal for "sell", trade it. When you get a new signal for "buy" while you are already in a "sell", you should close the sell, and open a buy.
Actually...
When you get a new signal for sell, trade it.
When you get a new signal for buy while you are in sell, you shouldn't do anything. Keep Watching it. If the profit is now 30 pips minus, stop the sell. Open a buy with TP=30 pips, to recover your losses.
This is what I've said, you are in the wrong train now, and should move to another train.
I do run Phoenix 5.7.0, Live, Mode 1, only on GBP/USD, February result is a small loss of -0.7579 %. The system is recovering from the DD at the bigining of the month...
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"A discovery is said to be an accident meeting a prepared mind." Albert Szent-Gyorgyi
I do run Phoenix 5.7.0, Live, Mode 1, only on GBP/USD, February result is a small loss of -0.7579 %. The system is recovering from the DD at the bigining of the month...
cool, thanks.
can you please post the overall result\statment?
the main reason to use newer versions is that I didn't change the program. I added a few optional features so it would be more reliable, but Phoenix as a system was left alone. If you look at post #264 in the programming thread, you can see the suggestion I made that allows ts after a profit point has been hit. Example is based on 5.7.2 because trailing stops were not as effective in prior versions of phoenix (I didn't like the way they worked in all previous versions - ts needed another filter). I think Pcontour even made a version of 5.7.2 with the change built in to the download.
Most of the changes made in Phoenix since 5.6.3 were made to Mode 3 because it was very broken. Only minor changes were made to Mode 1. I suggest setting ConsecSignals =1 if you want Mode 1 to behave the same way it has before.
Also, if you like our work, PhoenixFund is now a nonprofit IB for FXDD. All IB and donated money is traded with Phoenix (hoping to start in March) and 50% of the winnings each month are reinvested while 50% go to programs that align with the UN Development Program goals.
Daraknor,
I’m not sure if I am putting this in the right spot I am new to forums. Thank your for your input. I am glade to see you have fixed the trailing stop issue and Mode 3 issues. I have to revise my comments on the live results I have on the 5.6.03 version. I have a friend running the same version on 4 different demo accounts 1 mini and 3 standards in mode 1. The only difference between the 4 accounts max risk mode. Each one is trading different! All are with Interbank. I am trying to compare apples to apples. The thing that really throws me off is that on my real account interbank fx is making trades that are unlike the demo trades. Would you please link me or tell me what post to download the right phoenix from I’m not sure if I should be testing 5.7.0a, 5.7.0 or what.
I wonder if you or anyone else in this forum has a live real money report that shows any positive gains. I have gone through this thread and if I am not mistaken it looks like 90% are losses and the rest have wins.
P.S. I would like to find out more about the PhoenixFund as soon as I can prove to myself that this is going to make money and not kill the account. The only way I can see how this works is with a live real money account.
A few people quietly are. PhoenixFund has a donation account I'm hoping to start trading next week with a balance of $1100. All of the IB referral fees go into the same account and we are very near earning credit for the people who have signed up with PhoenixFund as the IB name. (A steady stream of new donations to be traded with Phoenix) 50% of the proceeds from trading Phoenix will be reinvested, and 50% will be donated to non profit organizations who further the UN Development Program. People are trading it live, but they are usually quiet. We will have a public and official trading account as well.
Daraknor,
I’m not sure if I am putting this in the right spot I am new to forums. Thank your for your input. I am glade to see you have fixed the trailing stop issue and Mode 3 issues. I have to revise my comments on the live results I have on the 5.6.03 version. I have a friend running the same version on 4 different demo accounts 1 mini and 3 standards in mode 1. The only difference between the 4 accounts max risk mode. Each one is trading different! All are with Interbank. I am trying to compare apples to apples. The thing that really throws me off is that on my real account interbank fx is making trades that are unlike the demo trades. Would you please link me or tell me what post to download the right phoenix from I’m not sure if I should be testing 5.7.0a, 5.7.0 or what.
I wonder if you or anyone else in this forum has a live real money report that shows any positive gains. I have gone through this thread and if I am not mistaken it looks like 90% are losses and the rest have wins.
P.S. I would like to find out more about the PhoenixFund as soon as I can prove to myself that this is going to make money and not kill the account. The only way I can see how this works is with a live real money account.
Frank, thank you for your honest and fair comments. People are welcome to post anywhere, but we try to avoid asking and answering the same 10 questions 100 times.
If you want to put money on an account, I'd recommend 5.7.0 strongly unless you want to use trailing stops. If you want the delayed trailing stops, I recommend the version Pcontour posted based on 5.7.2 (he altered the name slightly in his post, which I heartily condone).
I believe the true test of any EA is real money trading. I would strongly recommend against IBFX, and most threads on most forums will tell you why. I have posted regarding IBFX in those threads, with my research done on the financial arrangements. We have also done testing that consistently shows FXDD to perform better on demo accounts than IBFX on demo.
Even with only minor changes, trades are different among brokers, and sometimes on the same broker by multiple people. My first goal was to make the EA perform more reliably when the broker is the same, signal is the same, start time is the same. I believe we did that, because we are seeing many reports of people in this thread having the exact same trades. Synchronized trading doesn't always occur even with the same broker and a hands off approach but it occurs much more often now. We use ConsecSignals in order to keep the accounts in synchronization. It also avoids trading an errant Buy or Sell signal that is sandwiched by 5 or 10 signals going the opposite direction. Errant signals are something of an issue, but the root causes won't be addressed until Phoenix6 has some enhancements (magnitude & sign instead of just sign of Fast-Slow, etc).
Our main development goal for the past 2 months has been stability and learning how to optimize Phoenix. I am inclined to agree with Hendrick, optimization can't be taught as a rote process. Along the way we have collectively learned how to optimize, and this pause in development (stable instead of feature cram) has given us time to reflect on what areas of Phoenix would benefit most from development.
