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.
anybody else having *&%#@!*@& results on EURUSD and USDJPY today (feb 27th) ??
(version 5.7.0 that is on FXDD)
PS: bertbin... where are you ??? probably surfing again or bootie watching
very interesting stuff! good job !
Trailing Stop Version
Daraknor, what did Fikko really mean in his instructions, perhaps I don't have enough experience to understand.
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.
No ! No ! I am here !!!! Bad yesterday... better to day... statement here... I have been totally afraid yesterday coz all trades were in RRREEEDDD ! Plus a bunch of bad closed trades (EUR/JPY direct to SL !!!)
Seems that we are going to have a shaky week... (NY Dow Jones + Shangai = febrility at all stages !)
I don't think (hummm! ) will go upper 3300 (main last resistance) or... big bang...
Waiting always impatiently the wonderfull P6...
BTW look at an indicator named aNina_v1. Simple and interesting to watch the "rotation points". I asked Mario what he think about it but for the moment he is "on the road"...
Better weather in Arizona ???
Phoenix has a lot of false signal, so people must learn how to read the indicator signal. This is good for mode 1 trading. I like this mode, phoenix original taste.
When starting open a trade with a signal, then it will be ended until 42 pips profit is taken. Then it continues to find next signal. The signals during the open trade has to be ignored.
It means you are already in a train (sets of signal with 42 pips difference)
Best time to start phoenix is after a hill or a valley. In a flat situation is better.
I am just studying USDJPY curve. Other pair may have different behaviour. That's why I am focusing on USDJPY for better understanding.
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.
NB. All of these are still my theory.