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Originally Posted by Quiz22
How often does one take profits and restart the program or do you just let it run continuously?
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continuous
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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?
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Phoenix will automatically scale trading to match your balance. Please keep in mind that trades will move *against* you to start, and then they reverse. Phoenix is a trend reversal system.
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And last but not least, which version is better, the Contest Version or the 5.6.03?
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Contest is for USDJPY only. 5.6.7a has updated settings for 6 currencies. We don't know if EURUSD settings are ready for live trading yet.
Phoenix 6 will have trend detection, which will help greatly in trending markets.