Thanks to Hendrick Stam for sharing this winning system and expert advisor. This EA (Phoenix 4 Contest) is currently 2nd place at ATC 2006 hosted by MetaQuotes.
Phoenix_4_CONTEST.mq4: running live at ACT 2006.
phoenix_ea_v5_6_03.mq4: the latest version.
You can follow Phoenix 4 performance at the contest.
Attached is the ultimate guide for this expert adviser and system.
Looks like the Phoenix 4 is for USDJPY only. It is optimized to run for 3 months with USDJPY
Hmm, well I might read about this over the weekend.. maybe I can borrow some ideas to mix up with mine...
This system is composed of a set of five systems. It'll buy/sell only if all the systems agree.
Buy if price closes above High Envelope.
Sell if price closes below Low Envelope.
Buy if previous MA is above current MA
Sell if previous MA is below current MA
Buy if current OsMA is above current OsMA
Sell if current OsMA is below current OsMA
It's related to divergence. (rather complex to decipher)
Trade only during specified trading session. (Version 4 trades 24/5)
Here's another document that will help anybody using this EA.
Be sure to read the 'how to optimized' guide as you'll NEED to do it for your pair. It can take some time but it's definitely worth it (take a look at my back test with optimized settings I created). Not conclusive by any means but still fun to look at.
Hope it helps...
PS: Don't worry about the version number on the statment above. I'm only using the original competition one (setting 1) and the 'change' referred to in the title is for the other settings (2 & 3).
Forward test in real acct using phoenix ea...and still running...
Somebody claims this system is originally invented by our friend TraderSeven.
did you mean it's not hendrick copyright??? how if hendrick winning the contest....hhhmmmm
what are the settings used in the contest? Are they the default settings of the expert?
I use contest setting...