Hello, we are Newbies and feel very fortunated to have downloaded a copy of the Phoenix 5.6.03 and would like to thank Hendrick for his wonderful creation.
We started this EA on our Interbank Demo account and did not change any of the settings. It already produced a $266 win in only one day. Wow!
We have no programming experience and don't even understand some of the terms used here. Can anyone help us and let us know if we have to optimize the settings and/or make any other suggestions which might be helpful. We would also like to know what the percentage of drawdown has been during the program's worst performance and how long it usually takes to overcome most drawdowns.
How often does one take profits and restart the program or do you just let it run continuously?
How much equity do you recommend to start with on a mini or standard account? Does anyone here run this on a live account or are you all just backtesting it or running it in Demo Mode?
And last but not least, which version is better, the Contest Version or the 5.6.03?
Thank you very much for your help.
Be Blessed
Bea and Rob