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Flyer! EA - New Thread!

  • #241
  • Edited 11:59am Nov 27, 2006 11:58am | Edited 11:59am
Quoting GirlFlyer
Here it is, the long awaited version 2.00 of Flyer!
This has been a while in coming for several reasons, mainly because of my move from <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on">Prague</st1:City> to <st1:country-region w:st="on"><st1lace w:st="on">Denmark</st1lace></st1:country-region>, but also because of the difficulty in coming up with an EA that can be consistently profitable.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

GirlFlyer

<o></o>
Hi Marci,

Good to see you back in the game. However, I'm not sure I understand your "difficulty in coming up with an EA that's consistently profitable"!!

Congrats on your persistence, your desire to adapt, improvise and dominate. I'll resume testing after digesting and understanding your documentation.

BTW: Have you considered starting a new thread with this new version? Perhaps a good time to start.
  • #242
  • Edited 5:13pm Nov 27, 2006 5:01pm | Edited 5:13pm
Girlflyer

Is the MAs posted in the doc what you are looking for? I just like to see the indicators on my charts and not have an EA blindly do things so I can visualize it. Maybe you can post the template you are using with the EA.

USDCHF LWMA: 16, 18
EMA : 40, 50

EURUSD, GBPUSD
LWMA: 7, 9, 8, 10
EMA : 18, 28

Is this correct?
  • #243
  • Nov 27, 2006 6:52pm Nov 27, 2006 6:52pm
Marci,

Installed the new version. Set LimitHours = 1, StartHours = 19, and EndHours = 9. The EA opened a trade at 1:30. Should the times be reversed?

Thanks,

dbcmkx
  • #244
  • Nov 27, 2006 7:35pm Nov 27, 2006 7:35pm
Hi Marci

Firstly Thanks for all the hard work,
before I load the ea, Iam looking at using the Limit hours feature should we not include the server time.

Or is that a default setting.
Glenn
  • #245
  • Edited 10:36pm Nov 27, 2006 9:14pm | Edited 10:36pm
Documentation digested....EA loaded and running as of 1:55 gmt.

I made one change to your recommended settings: I open trading at 08:00 gmt rather than 07:00 gmt, although I think the latter is appropriate for day light savings time in the eastern US.

Question:
I noticed you list "MA=0" as well as undefined MAs numbered 1-4 in the code. Do we need to set the MAs or will the MA arrays as the array relates to the currency pair suffice?
  • #246
  • Nov 28, 2006 10:35am Nov 28, 2006 10:35am
Quoting dbcmkx
Marci,

Installed the new version. Set LimitHours = 1, StartHours = 19, and EndHours = 9. The EA opened a trade at 1:30. Should the times be reversed?

Thanks,

dbcmkx
The trading hours are the times you don't want to trade, NOT the times you want to trade.
  • #247
  • Nov 28, 2006 10:36am Nov 28, 2006 10:36am
Quoting MoneyMa$ter
Documentation digested....EA loaded and running as of 1:55 gmt.

I made one change to your recommended settings: I open trading at 08:00 gmt rather than 07:00 gmt, although I think the latter is appropriate for day light savings time in the eastern US.

Question:
I noticed you list "MA=0" as well as undefined MAs numbered 1-4 in the code. Do we need to set the MAs or will the MA arrays as the array relates to the currency pair suffice?
The MA's are loaded from the arrays. You don't have to set them. You can change the settings in the arrays if you want, though.
  • #248
  • Nov 28, 2006 10:57am Nov 28, 2006 10:57am
Quoting et_phonehome_2
Girlflyer

Is the MAs posted in the doc what you are looking for? I just like to see the indicators on my charts and not have an EA blindly do things so I can visualize it. Maybe you can post the template you are using with the EA.

USDCHF LWMA: 16, 18
EMA : 40, 50

EURUSD, GBPUSD
LWMA: 7, 9, 8, 10
EMA : 18, 28

Is this correct?

You have 4 out the 6 MA's needed. You need from the arrays within the code, MA,MA1-MA5. I will try to set up templates for some of the various pairs. However, remember the entry/exit conditions won't be the same all the time, especially the exit. The entry is more consistent, though.

Marci
  • #249
  • Nov 28, 2006 3:21pm Nov 28, 2006 3:21pm
Quoting GirlFlyer
The MA's are loaded from the arrays. You don't have to set them. You can change the settings in the arrays if you want, though.
Thanks. I left the code alone but Flyer! has yet to trade.
  • #250
  • Nov 29, 2006 5:36am Nov 29, 2006 5:36am
Girlflyer

From what I understand, you will no longer be bothering with Version 1 A and B, any changes will strictly be in Version 2 and latter versions you will be putting out.
  • #251
  • Nov 29, 2006 5:49am Nov 29, 2006 5:49am
A little more than 24 hours later, Flyer! v2 opened its first trade at 11:00 gmt, shorting cable at 1.9495. Current price is 1.9491. Is the EA showing a trend reversal for cable?
  • #252
  • Nov 29, 2006 6:54am Nov 29, 2006 6:54am
Hello all.. I'm having problem using the indicator i've include the file to this path (C:\MetaTrader 4\experts\indicators) but still cant see the indicator showing on my chart. Any help is deeply appreciated. Thanks..
  • #253
  • Nov 29, 2006 8:08am Nov 29, 2006 8:08am
Quoting etock
Hello all.. I'm having problem using the indicator i've include the file to this path (C:\MetaTrader 4\experts\indicators) but still cant see the indicator showing on my chart. Any help is deeply appreciated. Thanks..
etock,

If you're trying to use Flyer! v2.0 please understand it is an Expert Advisor (EA). It is not an "indicator" as you stated. Change the path to
c:\metatrader4\experts.
  • #254
  • Nov 29, 2006 8:31am Nov 29, 2006 8:31am
First trade just closed with a $10.00 profit, having moved into profit as much as 26 pips. The trade survived a 50 plus-pip spike during the US GDP revision news announcement at 13:30 gmt. After the announcement, trade closed.

See attached chart.

Appears as though the EA closed based on the second exit strategy:

"A second possibility occurs when the price rapidly drops below the longer of the two Exponential MA’s and is still in a profit."

And it didn't quite make the fourth exit strategy as it only moved 26 pips in profit:

"For a 4<SUP>th</SUP> possibility, if the price exceeds 28 pips of profit and then retraces rapidly, it will exit if the price drops to 3 points above entry price."

For analysis and testing, I plan to add the moving averages for visual confirmation of entries and exits (after the new home sales are released in thirty minutes).
Attached File(s)
File Type: doc Flyer! v2.00 Initial Trade (Cable).doc   91 KB | 366 downloads
  • #255
  • Nov 29, 2006 9:14am Nov 29, 2006 9:14am
Quoting et_phonehome_2
Girlflyer

From what I understand, you will no longer be bothering with Version 1 A and B, any changes will strictly be in Version 2 and latter versions you will be putting out.
If you want help with the later versions, I can still offer advice. But, I really won't be updating them.

Thanks for following along,
Marci
  • #256
  • Nov 29, 2006 9:28am Nov 29, 2006 9:28am
Quoting MoneyMa$ter
A little more than 24 hours later, Flyer! v2 opened its first trade at 11:00 gmt, shorting cable at 1.9495. Current price is 1.9491. Is the EA showing a trend reversal for cable?
The way the EA looks at the current trend is by counting backwards from the current time for (x) bars. If the each close on the average is higher than the open, the trend is up, and vice versa for down. For CABLE, the (x) is 22. So, go back 22 bars, and see what the trend looks like. If it is down, the EA will try to sell if the signal is valid for a short. This is what happened for that trade. Despite the GDP spike, it looks like Cable might be starting to top out on its most recent run for now. Even the 1Hr chart is starting to signal as well. The 18 & 28 MA's are starting to flatten out. Once that occurs, often we see the change in trend there, but of course nothing is guaranteed.

Thanks for testing MM, I haven't been able to do much live testing with this version yet as I've only got temporary access to the internet until Monday, when my permanent speedy 8MB connection will be installed. Finally!

Girlflyer
  • #257
  • Nov 29, 2006 9:47am Nov 29, 2006 9:47am
Quoting GirlFlyer
Thanks for testing MM, I haven't been able to do much live testing with this version yet as I've only got temporary access to the internet until Monday, when my permanent speedy 8MB connection will be installed. Finally!
Girlflyer
Au contraire! Thanks to you Marci. You did the hard work. The least we traders can do is help with testing the product as well as respond to some of the easier questions you're bound to get (repeatedly, and again).

UPDATE:
During the New Home Sale announcement/whipsaw followed by dollar strength despite apparently dollar-negative news.... at 15:07 gmt, Flyer! opened a second trade, again shorting cable. 22 bars back and the down trend is apparent.
  • #258
  • Nov 29, 2006 10:15am Nov 29, 2006 10:15am
I have found some better settings for the USD/CHF.

Change (in the code) in the arrays the 3rd element (the one for USD/CHF)

MAArray = 4,
MA3Array = 10
ProfitArray = 45
GapArray = 20

Hope this helps everyone
  • #259
  • Nov 29, 2006 10:29am Nov 29, 2006 10:29am
I've made more "money" today with Flyer! than I did newstrading!!
  • #260
  • Nov 29, 2006 10:50am Nov 29, 2006 10:50am
I'm attaching the basic templates so you can see the MA's each of the 3 pairs I've tested uses...
Attached File(s)
File Type: zip flyertemplates.zip   4 KB | 542 downloads
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