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Firebird EA - fixed version -

  • #2,141
  • Edited 4:35pm Jan 29, 2009 4:17pm | Edited 4:35pm
Quoting SamuraiPower
Hi guys,

This is my first post on FF, although I’ve been lurking on FF forum for about a year, I see that this thread is freezing, so I just wanted to share my thought hoping for good feedbacks from all you guys. So here’s my thought,

[font=Calibri][size=3]I’m busy doing my job since I’m an employee, so I wanted to have a minimum control of my chart, I just want a daily control, secondly there is no EA that works forever since the market is changing overtime so I have to...
So how do you know when Trend is Down or UP? Down when colour changes to Red and is above the yellow line? Up when colour changes to White and is below the yellow line? So you would wait until the bar closes to make sure the colour change sticks, correct? then open trade on the next bar

What settings on the EA do you use? Are you manually opening the trade? What functionality is the EA providing?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,142
  • Edited 6:41pm Jan 29, 2009 4:30pm | Edited 6:41pm
Samurai Power,

Thank you for your application for this expert.

I have tested the ea using your settings following the daily trend as you suggested but I could not get the same results.

For example on your statement a SELL ORDER is entered on Jan 16 at 02:26 but the trend is clearly LONG on H4 and daily charts, so how you did it ?

Could you please explain in detail how to drive the expert in order to get positive results exactly as you got.

Thank you.

Alfa99


Quoting SamuraiPower
Hi all,

Got 3100 pips in 10 days trading, it means 310 pips average/day.

See the attachment below

please analyzed each day profit, and compare it with the market range at the same day, you will notice that this driven ea setting can generate profit more than the market range.

"See post 2090 for the setting"

Regards,
Samurai Power

"Tried to scalp but I cant stop peeing in my pants every time the market goes against me"
"Wish us all the good pips in the universe"
  • #2,143
  • Edited 11:42pm Jan 29, 2009 10:18pm | Edited 11:42pm
Hi....

samer960dd
hi samurai
how come in your statement there is no draw down at all it is 0 . am i missing something ?
thanks

No u didn't miss someting, remember its just only 10 days trading, lets analyze it and make a conclusion after 1 month ok, and continue to demo it (6 month) until we can say that the result of this setting is verify and validly profit.
Please see post 2090, start to read from there to understand the setting.


ArchieSettings for 4 digit broker platform
Hi,

Great system! I wonder what settings that should be changed for a 4 digit broker platform?

Regards

Archie


Try this setting

5 digit broker platform
SL : 3000 (means 300 pips)
TP : 500 (means 50 pips)
Pipstep : 400 (means 40 pips)

4 digit broker platform
SL : 300 (means 300 pips)
TP : 50 (means 50 pips)
Pipstep : 40 (means 40 pips)

Regards,
Samurai Power
  • #2,144
  • Jan 29, 2009 10:34pm Jan 29, 2009 10:34pm
hi samurai
i attach it en alpari demo and no trades since yesterday is that normal ? i left the settings as default didnt change anything
regards
  • #2,145
  • Jan 29, 2009 10:47pm Jan 29, 2009 10:47pm
HI matrixebiz and alfa99,

I see the trend direction from the indicator I posted at post 2090, but also consider the candle pattern, when those indis is not in the line it means I have to becarefull. Just like yesterday daily candle it forms a spinning top candle, so that I know that maybe today the trend is reversing.

Here is what I do when I start to assume that the major trend is running out of gas:
Unload the EA and put SL and TP lower (20 - 40 pips) on opening position, or close all of the opening position even if its negative, and start to load the EA again according to the major trend when I see the major trend is clear.


matrixebiz
What settings on the EA do you use? Are you manually opening the trade? What functionality is the EA providing?
Thanks


for the setting see post 2090
I dont manualy open the trade of course, thats the EA job description, our job is just to load the EA and drive the EA according to the trend when u see the major trend is clear.


Regards,
Samurai Power
  • #2,146
  • Jan 29, 2009 10:58pm Jan 29, 2009 10:58pm
Hi

samer960no trades
hi samurai
i attach it en alpari demo and no trades since yesterday is that normal ? i left the settings as default didnt change anything
regards

if u adjust the EA with the broker platform already then sometimes its normal to have no trading in one day, but have u check this:

1. do u set the EA to "allow live trading"?
2. check the internet connection becoz the EA needs a very good up time internet connection.

Regards,
Samurai Power
  • #2,147
  • Edited Jan 30, 2009 12:10am Jan 29, 2009 11:07pm | Edited Jan 30, 2009 12:10am
Hi all,

PLEASE SEE POST 2090 FOR THE SETTING, START READ FROM THERE TO UNDERSTADING THIS SETTING.

Here is the link

http://www.forexfactory.com/showthre...=7200&page=140

I think I need to post a new thread for this setting and summarize it since many people see this discusion from the first page.
Have to wait for my spare time tomorrow.
Im gonna have to continue my work now, connect u soon.


Regards,
Samurai Power
"Wish us all the good pips in the universe"
  • #2,148
  • Jan 30, 2009 12:30am Jan 30, 2009 12:30am
Samurai Power,

Thank you for your reply.

I still don't understand why you set the ea on 16Jan at 2:26 on SELL when the D1 and H4 pattern bars were indicating for that time a clear BUY. I don't see nothing else indicated by any other indicator.
Finally you did ok but I don't have clue how you did it.
Am I missing something ?

Thank you

Alfa99


Quoting SamuraiPower
HI matrixebiz and alfa99,

I see the trend direction from the indicator I posted at post 2090, but also consider the candle pattern, when those indis is not in the line it means I have to becarefull. Just like yesterday daily candle it forms a spinning top candle, so that I know that maybe today the trend is reversing.

Here is what I do when I start to assume that the major trend is running out of gas:
Unload the EA and put SL and TP lower (20 - 40 pips) on opening position, or close all of the opening position even if its negative, and start...
  • #2,149
  • Jan 30, 2009 3:30am Jan 30, 2009 3:30am
Hi SamuraiPower,

still trying the EA

I think it is very good

even on my account there are no trades since yesterday night

quite strange

yesterday during day few trades but good

just the first were in loss,
and touched the stop loss set on 200 pips


the biggest difficult for me now is to understand the daily trend

there is a precise time in the day you refer at for this reason?

maybe the morning?

I live in GMT + 1

I thought the morning was no good,
because euro session is just opened

but with this time I took some good pips


another things,

in the EA you can choose the hours in which to trade
if I put everything to 0 I see no stop?

I tried, but not understand yet


the last thing,
why are you not using it on live account yet?
You are having some great results it seems to me..


thanks for all your efforts
there are great potentials in this EA


thanks
iopoipoi
  • #2,150
  • Jan 30, 2009 4:36am Jan 30, 2009 4:36am
Hi Samurai

Just a quick note to let you know and others that even though I have been trying it on demo since yesterday, this EA is working great!

I left it on for a while yesterday and again for most of the day today......and I tell you what....it has given 5 from 5, 50 pip trades, how good is this!! I tried it once on my live account and got an easy 50 pips.

I am worried about the 300 pip sl, so I will continue to demo to see at what conditions is it likely for the trade to go against you.

Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #2,151
  • Jan 30, 2009 7:42am Jan 30, 2009 7:42am
I've been trying this EA also, and had it set for LONG on the EUR/USD and had trades opened. Then, the trend changed. The question is at what point do you close out these losing trades? Do you hold them & hope the trend will change back the next day? At what point do you look at the trend? New York session? Tokoyo? London? If you don't close out trades, and the trend reverses, you can have quite a few trades open that would each lose 300 PIPS. Haven't given up on this EA yet, though.
Why is it used like it is where it opens additional trades, each subject to a 300 PIP loss? Has anyone ever tried it with 50 TP and a 150 Stop Loss? I think this is probably why people lost interest in this EA. The possibility and even PROBABILITY of huge losses when th etrend changes and you don't know whether the trend may come back to you, or not. In the meantime, you're stuck with trades that each hit a 300 PIP stop loss.
Quoting Ezzy
Hi Samurai

Just a quick note to let you know and others that even though I have been trying it on demo since yesterday, this EA is working great!

I left it on for a while yesterday and again for most of the day today......and I tell you what....it has given 5 from 5, 50 pip trades, how good is this!! I tried it once on my live account and got an easy 50 pips.

I am worried about the 300 pip sl, so I will continue to demo to see at what conditions is it likely for the trade to go against you.

Cheers
Ezzy
  • #2,152
  • Jan 30, 2009 7:49am Jan 30, 2009 7:49am
good question,

this is the point

it works very well when you catch the trend

maybe some study about it is necessary


maybe there are 2 times in a day to look at

and check

maybe it depends on the session

for the eu session midday london time
or 8.00 london time


really don't know
  • #2,153
  • Jan 30, 2009 8:54am Jan 30, 2009 8:54am
Quoting paradoxical
I've been trying this EA also, and had it set for LONG on the EUR/USD and had trades opened. Then, the trend changed. The question is at what point do you close out these losing trades? Do you hold them & hope the trend will change back the next day? At what point do you look at the trend? New York session? Tokoyo? London? If you don't close out trades, and the trend reverses, you can have quite a few trades open that would each lose 300 PIPS. Haven't given up on this EA yet, though.
Why is it used like it is where it opens additional trades, each...
Well I tried and tested with lower SL, and there were more looses though. I guess 300 pip stop should never be hit. Here still is needed price action reading or some good daily system to recognise change of a trend and to close all loosing positions as soon as possible so some profits from before are still kept. The thing is longer the trend, more profits we have, and more left when we loose some pips at trend change. ''HOPING'' is not an option, in forex anything is possible. We are in the global crisis and market might move very differently than past year. Hell I don't know, mabey market will trend very good, or we will have a lot of sideways moving...
  • #2,154
  • Jan 30, 2009 10:18am Jan 30, 2009 10:18am
Quoting alfa99
Samurai Power,

Thank you for your reply.

I still don't understand why you set the ea on 16Jan at 2:26 on SELL when the D1 and H4 pattern bars were indicating for that time a clear BUY. I don't see nothing else indicated by any other indicator.
Finally you did ok but I don't have clue how you did it.
Am I missing something ?

Thank you

Alfa99
Hi,
Yes I guess u missing something, since I post my first post I became intensively demoing this again. When I start demoing again at 16 Jan I analyzed the market character from the history and conclude that the market will fall extreemly again in the next few days, confirmed by the daily candle pattern that up move is not strong and I assumed that if it still move up it will not be more than 300 piips, so I drive the EA short, I consider that this up move is a retracemnet and the EA will open many short position ( of course negative for a while) and soon my expectation is right.

But of course this clear mind and brave decicion will not happens in real trading, maybe I'de rather wait till the trend establish and start to ride it.

Regards,
Samurai Power
  • #2,155
  • Jan 30, 2009 10:28am Jan 30, 2009 10:28am
Quoting iopoipoi
Hi SamuraiPower,



the biggest difficult for me now is to understand the daily trend

there is a precise time in the day you refer at for this reason?

maybe the morning?

I live in GMT + 1

I thought the morning was no good,
because euro session is just opened

but with this time I took some good pips



thanks
iopoipoi
iopoipoi,

I control my chart quite often now, but if i wanna drive the EA i do this at 7am (my time is GMT+7).
  • #2,156
  • Jan 30, 2009 10:36am Jan 30, 2009 10:36am
Hi Samurai,

I think you are right, it is needed some knowledge of the market for well understand were it is going..


You delevelop a very good EA
just it is a little difficul to understand the first direction

do you think we could add some new indicator to the daily chart in order to better understand it?

One thing still cannot clear identify is when you say:
"maybe I'de rather wait till the trend establish and start to ride it."


How can you determine this in one moment of the day or of the night?


Once we can get this information, we have done almost the most part


thanks again for all your work Samurai
really really great
  • #2,157
  • Jan 30, 2009 10:39am Jan 30, 2009 10:39am
Quoting gasgas
Well I tried and tested with lower SL, and there were more looses though. I guess 300 pip stop should never be hit. Here still is needed price action reading or some good daily system to recognise change of a trend and to close all loosing positions as soon as possible so some profits from before are still kept. The thing is longer the trend, more profits we have, and more left when we loose some pips at trend change. ''HOPING'' is not an option, in forex anything is possible. We are in the global crisis and market might move very differently than...
couldnt be more agree with u gasgas, 300 SL is to give space for the retracement, once I tried 200 but it hits sometimes even when it still strong trend in daily chart, but i think the point is just dont jump when u feel doubt, jump when the trend is clear, so the probability of winning the trade is high, and litlle chance for drawdown to happens.



Regards,
Samurai Power
  • #2,158
  • Jan 30, 2009 10:50am Jan 30, 2009 10:50am
Simple test, why I see potencial in this EA

Start today at 7.00AM GMT+1 till now.(Eur/Usd)

(EA trading)
- EA opens 4 positions and close all with 50pips TP. Together +200 pips

Straith down, market went only 100pips from 7.00am, but EA catch twice that pips overall.

So if we would open manually one position we would get half less pips.

* But again *
Tricky things is when to start and when to shut down EA. So to pause it or to change direction, I guess we may not rush into trading with it. There will be days, when it won't be safe trading, and we must be avare of that, and take a day off to spend money that Robot won for us
  • #2,159
  • Jan 30, 2009 10:56am Jan 30, 2009 10:56am
Quoting iopoipoi
Hi Samurai,

I think you are right, it is needed some knowledge of the market for well understand were it is going..


You delevelop a very good EA
just it is a little difficul to understand the first direction

do you think we could add some new indicator to the daily chart in order to better understand it?

One thing still cannot clear identify is when you say:
"maybe I'de rather wait till the trend establish and start to ride it."


How can you determine this in one moment of the day or of the night?


Once we can get this information,...
good point iopoipoi,
Here is what I mean with clear trend

Clear down trend
when the chart turns red and the arrow pointing down and the candle pattern confirm it ( I suggest U to learn candle pattern, I got this suggestion from Phillip Nell with his great 4H MACD strategy), thats where the high probability of the next daily candle move down. if one of this indis is not in the line it means that u have to becareful, or much better not to trade, trade 7 days a month is enough to have "maybe" arround 1000pips.
U can use your own indis as u feel comfort iopoipoi.

Clear up trend
vice versa

Regards,
Samurai Power
  • #2,160
  • Jan 30, 2009 10:59am Jan 30, 2009 10:59am
Hi Gasgas,

long or short?

we are looking at the same chart,

but mine today, for unknown reasons, is it not working


this morning mine was short anyway on euro/dollar

and long on G/D


thanks

iopoipoi
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