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After my little vacation I had a true war against my Internet connection and stayed out of the forum.
As I told you, I read almost 7000 posts about Phoenix and Firebird threads and separeted the main points to think about the trade system, the channel model, and so... well, I'm still thinking. I really don't know if the trade system is a solid one. It seems to be so fragille to make trades based mainly in the price variation, even considering the main movement of the market.
Well... I hope to find the way before to get crazy. After 1 year working in this EA, I'm really afraid to reach some conclusion that will force myself to give up the project. I'm feeling like lost in the darkness.
These are my thoughts after months of watching Phoenix in action: Phoenix seems to be able to pick the tops and bottoms very well. Be it the entry point, SL, or TP, they're often placed very close to the the peeks and valleys. The problem is that Phoenix is often confused and picks the wrong direction. Therefore, the trades often hit the SL instead of TP. I think we should focus our attention on the directional issue next.
These are my thoughts after months of watching Phoenix in action: Phoenix seems to be able to pick the tops and bottoms very well. Be it the entry point, SL, or TP, they're often placed very close to the the peeks and valleys. The problem is that Phoenix is often confused and picks the wrong direction. Therefore, the trades often hit the SL instead of TP. I think we should focus our attention on the directional issue next.
My suggestion. Why not we use RSI as a control.
If ALL (current) pheonix criteria meet AND RSI(14) <40 then BUY or
If ALL (current) pheonix criteria meet AND RSI(14) >60 then SELL.
My suggestion. Why not we use RSI as a control.
If ALL (current) pheonix criteria meet AND RSI(14) <40 then BUY or
If ALL (current) pheonix criteria meet AND RSI(14) >60 then SELL.
But what RSI timeframe?
Could use a RSI timeframe greater than the 15min.
Since Phoenix is countertrend insuring that the 1hr 5 period RSI is >50 for short entries and <50 for long entries could insure the right countertrend direction.
The XO method uses this.
RSI is already included as a signal, we just need people to optimize for it. I'm doing some optimizations now, I will try to include RSI as well and see if I get good results.
The USDCHF settings i posted previously seemed to expire after 2 weeks. The USDCHF settings I just posted will be watched carefully. GBPUSD seems to have expired. Settings thread has current settings.
I tinkered with the ATR code from P6B5. No other changes were made. Phoenix 6 is released in the main thread, here is another copy. Settings file included here for convenience, also exists in the settings thread.
Released settings use signal 1,4,6 with filter 1,2.
I tinkered with the ATR code from P6B5. No other changes were made. Phoenix 6 is released in the main thread, here is another copy. Settings file included here for convenience, also exists in the settings thread.
Released settings use signal 1,4,6 with filter 1,2.
Thank you again ! I will forward and back test and try to come up with better settings to share. So, join in and share your results !
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"A discovery is said to be an accident meeting a prepared mind." Albert Szent-Gyorgyi
I've dbbl checked my settings, tried reducing lot size by moving the decimal place over. Any ideas? I know its something obvious that I've overlooked. Perhaps another set of eyes on the problem would help. Heres the settings.
My agent is CrownForex (they charge 1pip on majors but have a crapload of rules, the Swiss fellas) and i had a similar problem recently when i did the upgrade. Got an email from them saying lots on metatrade platforms (and all roads lead to Metaquotes Corp) been changed from, say, 1lot to 100000. Basically you're trading amounts now. I recoded my EA and it's back to operating now again. Lemmi know if it solves the issue.
Linear Mode
