Hi guys, I had tried something like this a while back, not sure if it was exactly what you guys are thinking. What I did was modified one of the phantoms to close a trade if it reached a certain profit level. Kind of like the opposite of the cut ...

Phantom 6 System

Persia, I will cut you some slack because by your comments, you seem like a new and inexperienced trader. Your comment above about "upper" people shows this. No one is trying to be upper than anyone else. Every system in forex has risks and ...

Three Pairs Hedging

Ahh no, Dreamliner is correct, its not a hedge. At current values it does create a usd/chf short trade. You can only create a perfect hedge is you change the lot sizes for each pair.

currency ring system

Im afraid Im going backwards too. Im having trouble figuring just how to code it. I am still a noob at mlq4. Maybe give a shout out to Roundrock. I think he wrote this one. Or if not, he is seems to be pretty good programer he might be able to do it. ...

Phantom 6 System

Charvo, I would agree with you about the "x" factor. Think I posted couple weeks ago about that. Early in the run I think it works ok, even helps get rid of the few bad trades. But if you get to the point of 20 or more trades and running for few ...

Phantom 6 System

Thanks..I forgot about that indicator. Thats correct. That baskets creates short exposure to usd/chf so your PL will mirror whatever usd/chf does. I think your chart proves that very clearly. So now that you understand that, can you see how it would ...

Three Pairs Hedging

Listen to the man, he knows what he is talking about. Think about it for a minute. Putting on a basket and thinking, as I have seen stated, that "eventually" it will come into profit is dangerous and reckless thinking. And now the posts of doubling ...

Three Pairs Hedging

Nicastro, I cleaned up the EA for you except for the UseLotsC error. Im not sure what the purpose of basket c is, so I wasnt sure what to do with it. If you can explain how you wanted it traded maybe I can fix it. Your errors were minor, looks like ...

Phantom 6 System

OK, here is my comment..you posted the chart for eur/jpy, but you should be looking at usd/jpy, thats where you got your profit. Since I can see you use oanda as your broker, do this little experiment..In one of your sub accounts (demo of course) ...

Three Pairs Hedging

Cash, You dont want to balance out the tick value. The unbalanced value is what lets you take profit on the synthetic pair you created with the basket. If you balance out the tick values there would be no exposure and no exposure, no profit. As an ...

Three Pairs Hedging

Why??? Care to explain your reasoning for reversing it.

Three Pairs Hedging

You are joking right?? If you take profit on one the other will have an equal loss. If you re-enter same thing happens again. All you will do is bleed you acct to death with swap and spread cost. Its been a long day, someone please correct me if Im ...

Three Pairs Hedging

His "smart" calculations are not trying to produce profits. He is trying to tell you what you are doing is trading 1 pair using 3. Google forex exposure and read up on it. No one is trying to bash your thread. If you feel this method is very ...

Three Pairs Hedging

Yikes..It would be a long post. LOL. Only testing for 2 weeks. Let me go a month or so and if its still decent Ill put something together. This is the phantom thread for EA trading so I dont want to get off topic from that. Maybe Ill start a new ...

Phantom 6 System

I have been testing many of the phantoms posted as well as my own mods and creations since sept of last year, so about 6 months now. Im not a coder but I have learned enough to change things and copy/paste code from one EA to another. Since I have a ...

Phantom 6 System

Two things to check. 1. your broker has all 14 pairs used in the EA(some brokers dont have nzd/jpy) that will cause the EA to not function. 2. Go to market watch, right clk on "symbol" then click "show all". These are the 2 common problems seen in ...

Phantom 6 System

Why not just trade USD/CHF directionaly, because thats what that basket is doing. No need to pay spread on 6 pairs.

Phantom 6 System

Actually, he is using the same six as me. And I disagree, in the long run, I dont believe it matters what set of 6 pairs are used, the basic logic of the EA is the same. For a given time period a certain set may work better than another, but how do ...

Phantom 6 System

Hi Achab, As someone who has been testing for quite a while now, let me chime in on some of your thoughts. I demo a 3k account trading .01 lots, so you cant get any more conservative than that. After 3 months my account was up 19%. Last 2 weeks I ...

Phantom 6 System

I know its a long thread but take some time to skim thru it. Many of your questions may be answered that way. If not ask away. But please at least make an effort to read up at least on the basics of how the phantoms operate. I dont mind answering ...

Phantom 6 System