Disliked2. I trade the EA with the ATR value of each pair. i trade using 3 trades for each pair with a total risk exposue of 6 per centIgnored
What you mean with 3 trades per pair and what do u use atr for? You mean tp and sl?
Thanks
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Disliked2. I trade the EA with the ATR value of each pair. i trade using 3 trades for each pair with a total risk exposue of 6 per centIgnored
DislikedYou know okehiedon, you are a HERO, it seems like this driving idea WORKS!
So..to all those who are keeping tabs on this thread I think we need to add okehiedon on the celebrity list for THIS specific EA:
Samurai:For thinking up such a brilliant idea for this EA
Pips: for programming AND improving it continuously AND
Okehiedon: For a very good idea on how to actually DRIVE this baby
So well done and thank you!
I'm sure all readers here agree these three deserve a round of applause "clap, clap, clap".
Ok, now that's out the way, Oke, I...Ignored
DislikedThanks for all the answer, can you please explain better this point?
What you mean with 3 trades per pair and what do u use atr for? You mean tp and sl?
ThanksIgnored
DislikedZukies thanks for the complement, but actually is nothing new.
Please take note we only trade the 4hr chart and not daily. The EMAs are only for the 4 hr chart.
For example when price breaks above the 120 ema on the 4hr chart.We would like to see a daily close with price above the 120 ema on the 4hr chart. Before we have a valid change of trend and thereby drive the EA in that direction.
You would now place the EA main trend line to pass through the swing low of the price swing that broke the 120 ema, because usually...Ignored
DislikedOk just give you bit of idea, I'm rather new to this manual trading i must admit so if you dont mind I'm going to come with LOTS of questions because i really want to get this idea right
According to your previous eur/aud example I see that price DID break on H4 but as you say price SHOULD break on D1 at same time?? From my chart it doesn't seem the case? in fact, this pair is STILL under 120 ema so i wouldn't have opened because trend is invalid? But i see a bit later that price IS rising onH4 so you are right?Ignored
DislikedZukies thanks for the complement, but actually is nothing new.
Please take note we only trade the 4hr chart and not daily. The EMAs are only for the 4 hr chart.
For example when price breaks above the 120 ema on the 4hr chart.We would like to see a daily close with price above the 120 ema on the 4hr chart. Before we have a valid change of trend and thereby drive the EA in that direction.
You would now place the EA main trend line to pass through the swing low of the price swing that broke the 120 ema, because usually...Ignored
DislikedAnother signal on the eur jpy on the beginning of a new day after a break of the 120 on the 4hrs chart.Ignored
DislikedThe way I placed my trend line on eur/aud, is this correct or can it be improved??Ignored
DislikedZukies, the questions you are asking me indicates that you have not gone through the thread on how to trade the EA. The EA needs a trend line to be drawn to help it know when it stops taking trades. When the trend line is broken by price the EA stops trading.
So take the time, to study the thread, I am just making inputs on how to identify the medium term trend to drive the EA.
However I have attached a chart on possible trend lines on the eur aud current uptrend there is an outer trend line and an inner trend line.Ignored
DislikedI have been through this thread but a while ago, i know there are VARIOUS versions of this robot even floating around this thread, i just thought you wouldn't be using trend lines to drive this EA that's all
Concerning the above comment from you the trend line should be drawn THROUGH the last swing not next to it and you have drawn TWO which confuses me, which one now can one use for the EA the inner or outer and why??
Also, can you elaborate more on how to draw these trend lines because as i say, in the previous comment you said the line should...Ignored
DislikedHi Oke,
Can you please post your firebird EA here, I have downloaded a NUMBER of versions and although my backtesting works it doesn't seem to want to TRADE??? i have a number of pair open too on long and short but still nothing SURELY ONE pair should open SOMEWHERE??
Also:
Can you post for us what your pipstep, TP and SL is on the pair you trade please?
ThanksIgnored
DislikedI use 1.5b, here is it trading on the eurjpy. You can also see the power of the 30 ema as price pullbacks to it and continues its upward swing.Ignored