I keep telling you guys - it doesn't get much sweeter than Phantom6_01.mq4: image Leverage 500:1, MMTU 0.1, PP 3.0, some minor trimming of biggest losers when available margin is less than 1000%. That's it.

Phantom 6 System

Achab My tests can be followed here: Phantom_AddSix_03b_0.4.1_PP_0.075 Phantom_AddSix_03b_0.4.1_PP_2.0 I stupidly forgot to change the PP to 2.0 for the 2.0 test, so for a while both tests had the same PP of 0.075. Funnily enough they have very ...

Phantom 6 System

I agree with you, but I also think that by lowering PP you do not remove the risk of getting a basket that goes into drawdown. You reduce the frequency, but not the risk that it will eventually happen. I think a higher PP gives you more of a profit ...

Phantom 6 System

MMTU=0.3 and PP=0.1 definitely. If you keep your MMTU fixed at say 0.3, and try different PPs, say 0.1, 0.5, 1.0, 2.0 and 3.0. I think you'll find that 0.1 and 3.0 will close the same amount of baskets, but the profitability will be much higher for ...

Phantom 6 System

What settings are you using? What leverage? Have you set trading to the minimum lot size?

Phantom 6 System

I'll run a test starting this weekend. I don't think lowering PP lowers risk, I think lowering MMTU lowers risk.

Phantom 6 System

Interesting - you're shutting down during the US session. I would have thought that the Asian session would be the session to skip. What do you do with open baskets when you shut down?

Phantom 6 System

If mt4 is hogging resources reduce bars on screen and bars in history to 5 or something. The EA doesnt use them.

Phantom 6 System

Looks good - but it's missing some of the information found in the standard Phantom6_01 display. All the information that it throws up is useful I wouldn't leave it out.

Phantom 6 System

London changes it's time with reference to GMT. GMT is GMT it doesn't change no matter what London does. If you're trading a breakout of the London open you need to take into account that London is now on GMT+1

GoMarkets Discussion

MaxMarginToUse chooses a lot size based on your available leverage. If you want to mimic Achab's position sizing divide his MaxMarginToUse figure by 5.

Phantom 6 System

Yes I do.

GoMarkets Discussion

I couldn't get my EA to work on SML (even though it works on every other broker I tried) so I gave up.

Warning: Smart live markets

No one gets the money because there is no money. Why are you trading forex with real money if you don't understand the simple concept of a bid/offer spread? The spread is the difference between what buyers are offering to buy at and sellers are ...

GoMarkets Discussion

Thanks for responding. I should have been more specific in my post. My real question should have been does: TimeHour(TimeCurrent()) match up with the market watch time. My testing indicates yes. Thanks for your help.

Is Market Watch time the definitive broker time as used by EAs?

no problem John thanks for trying to help. This wouldn't run on windows 2003 server so I'm trying this free option: url

How to automatically back up my MT4 files?

Perfect, than you.

GoMarkets Discussion

No you misunderstand me. I'm coding this for myself - I was just using GMT as an example. All I want to know is if I rely on the market watch time as a signal for when my EA executes trades, will I be using the right trigger? Or is the datacentre ...

Is Market Watch time the definitive broker time as used by EAs?

This is exactly what I was looking for - thank you.

How to automatically back up my MT4 files?

No problem - thanks for offering

How to automatically back up my MT4 files?