Settings File Conversion - New people don't need to convert settings files.

Conversion and Instruction are contained in each zip file. (see attachments - below)

• phoenix 5.7.1.Convert.zip is for 5.7.0 to 5.7.1 conversion
• phoenix 5.7.2.Convert.zip is for 5.7.1 to 5.7.2 conversion - good for 5.7.3 and 5.7.4 also

Pref Settings Summary by alamanjani (see attachments - below)

Quick Summary of what currencies are supported with Preferred Settings and the values for Phoenix 5.7.2, 5.7.3 etc.


Take this Hyperlink to Phoenix 5.7.4 - I consider this to be The Best Version of Phoenix

Decrease Factor

2.. I have updated the Money Management code . By setting setting U_MM to true and U_DecreaseFactor to a six digit number here is what happens. example U_DecreaseFactor 901010

If in the last 3 trades you have

• 0 losses you get 100% of your expected lots
• 1 losses you get 90% of your expected lots
• 2 losses you get 10% of your expected lots
• 3 losses you get 10% of your expected lots

Previously decrease factor was useless.

The way to use the decrease factor is, after all the optimization is done, turn on this setting for live testing and run a live test with the decrease factor on and a live test with the decrease factor off.

Mode 1 Trailing Stop

Changed the Trailing Stop MODE 1 ONLY so that if you set it, it will override the pref settings, and change the Take Profit to 999. This changed the profit on my 2 month back test from 2823 to 4008 almost 42%. Now with a configurable shrinking Trailing Stop. You use the field P_M3_CloseTrade_23, the trailing stop will shrink by 1 for every P_M3_CloseTrade_23 points into the profit that you position move. Set it to 5 and if you are 45 points in profit the TS is changed to 45 - (45/5) = 36. My little sample improved to 4094, another 3%. Best value in my optimization was any value over 65. Why shrink the TS? So that the more points you go into the profit the less pips you leave on the table.

Three updates to the above strategy

1. Make it kick in at one point in profit.
2. Make a TP an equal number of pips above current price as TS is below point. TP and TS both move up and then never retreat. This is so that if your computer loses it's connection to your broker,the trade will close itself once it hits the TS or the TP.
3. Make sure that the SL or TS is not too tight to make the trade illegal.

The result don't look as good with these additional settings in my tests, but as Daraknor points out backtesting is sometimes not realistic.

Phoenix Documentation 5.7.4

Attached below


My Home Page in my Browser. Phoenix Fanatics will want it, and new people really need it.


Some Great Tools

freeCommander

Attached Files

	phoenix 5.7.1.Convert.zip (45.9 KB, 259 views)
	phoenix 5.7.2.Convert.zip (46.2 KB, 377 views)
	Phoenix_5_7_2_original_preffered_settings.zip (4.5 KB, 149 views)
	The Ultimate Guide for Phoenix 5.7.4.doc (379.0 KB, 130 views)
	How to optimize Phoenix_5.7.4.doc (225.0 KB, 111 views)