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Semi automatic EA (Driven Version)

  • #101
  • Feb 1, 2009 4:00pm Feb 1, 2009 4:00pm
I want to verify your EA setttings...

I determine trend and only go long or short trades based on trend...no problem.

You are using a 100p pip take profit, a 300 pip s/l and a 40 pip step, is that correct?

Are you leaving all the other EA settings to default at this time?
"Keep your eyes on the helpers" - Mr. Rogers
  • #102
  • Feb 1, 2009 6:10pm Feb 1, 2009 6:10pm
The old versions of firebird already had magics, just not as an extern. The rule long ago was to trade it on several pairs, and it had to have magics to do that. I'm sure the version samurai posted with the traderseven suffix has magics already. TraderSeven, by the way, was the originator of firebird if I recall correctly.

Quoting FOREXflash
Here it is.....added a magicnumber and manual direction.

int Direction= 1; //1=long, 11=avoid long, 2=short, 22=avoid short
  • #103
  • Feb 1, 2009 6:52pm Feb 1, 2009 6:52pm
Quoting MrChips
Hi

I'm fairly new to this forex game but I love Firebird and believe it's one of the all time Great EA's. I think you're really on to something with this "Drive the Trade BUT I don't see how to do it the way the EA is writen. Can you please explain how to do it.

Thanks in advance.

Mr Chips
Hi Mr Chips

please refer to post 1 and 2, I think its quite clear.


Regards,
Samurai Power
  • #104
  • Feb 1, 2009 7:00pm Feb 1, 2009 7:00pm
Quoting damonl
I want to verify your EA setttings...

I determine trend and only go long or short trades based on trend...no problem.

You are using a 100p pip take profit, a 300 pip s/l and a 40 pip step, is that correct?

Are you leaving all the other EA settings to default at this time?
yes thats correct damonl


Regards,
Samurai Power
  • #105
  • Feb 1, 2009 10:40pm Feb 1, 2009 10:40pm
Thanks Samurai Power for starting this innovative (but yet simple) method of trading Firebird.

I used to demo trade it in the past but got disillusioned with the huge draw downs. I will be following your instructions closely.

I picked up on this thread on Friday and got so excited about trading your method, that I started counting down the hours to when the market would open.

Since market opened, I am up 332 pips on my $1000 demo account.
This is an excellent start. I know this does not mean much since the market quickly giveth and can just as quickly taketh. Time will tell.

I have kept default values except switched amounts to 4 digit values. I use FXDD.

I was wondering, would profitability suffer if EA had an adjustable break even amount. I am up 23 pips on this trade now and I would not want this winner to change into a loser.

Maybe break even at 25 pips, or possibly 25 pips and lock in 5 pips.

Thanks again for thinking outside the box!
  • #106
  • Feb 1, 2009 10:47pm Feb 1, 2009 10:47pm
Interesting Everett, mine has only opened one position since the begining of the day (almost 6 hours ago) how many trades has the EA opened today and how many pairs are using this EA on.

Thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #107
  • Feb 1, 2009 10:51pm Feb 1, 2009 10:51pm
Quoting Everett
Thanks Samurai Power for starting this innovative (but yet simple) method of trading Firebird.

I used to demo trade it in the past but got disillusioned with the huge draw downs. I will be following your instructions closely.

I picked up on this thread on Friday and got so excited about trading your method, that I started counting down the hours to when the market would open.

Since market opened, I am up 332 pips on my $1000 demo account....
thanks everett, just share a good thing here to get more pips in my life. Please continue demoing for at least 3 month, so that u can have the feeling for this.

Regards,
Samurai Power.
  • #108
  • Feb 1, 2009 10:58pm Feb 1, 2009 10:58pm
Quoting Ezzy
Interesting Everett, mine has only opened one position since the begining of the day (almost 6 hours ago) how many trades has the EA opened today and how many pairs are using this EA on.

Thanks
Ezzy
it depends on the market ezzy, a very clear trending market with retracement is the most preferable by this EA, its gonna be often when u see -250pips on the opening position before the market recover your position to +300pips or even more at the end of the day.

Regards,
Samurai Power
  • #109
  • Feb 1, 2009 11:05pm Feb 1, 2009 11:05pm
This EA is very powerfull on finding entry setup yet very weak on exit, so cover this negative side with your brain, coz it is more effective and more profitable.


Regards,
Samurai Power
  • #110
  • Feb 1, 2009 11:06pm Feb 1, 2009 11:06pm
Quoting SamuraiPower
thanks everett, just share a good thing here to get more pips in my life. Please continue demoing for at least 3 month, so that u can have the feeling for this.

Regards,
Samurai Power.
Ok, I will continue demo test for a while.

I was wondering, would profitability suffer if EA had an adjustable break even amount. I am up 23 pips on this trade now and I would not want this winner to change into a loser.

Maybe break even at 25 pips, or possibly 25 pips and lock in 5 pips.
  • #111
  • Feb 1, 2009 11:15pm Feb 1, 2009 11:15pm
Quoting Ezzy
Interesting Everett, mine has only opened one position since the begining of the day (almost 6 hours ago) how many trades has the EA opened today and how many pairs are using this EA on.

Thanks
Ezzy
I am testing 3 versions on GBPUSD. One is daily auto trend direction (5 min chart), second is auto 5 min. trend (5 min chart), and third is 5/8 open daily trend direction (1 min chart).

Since market opened, 11 trades have closed.
  • #112
  • Feb 2, 2009 2:22am Feb 2, 2009 2:22am
Quoting FOREXflash
Sorry.......


must I use any Indicator for this EA?


Regards
Wailer
  • #113
  • Feb 2, 2009 4:15am Feb 2, 2009 4:15am
Hi all,

i am testing this system since few days
very thanks to samuraiPower that did an excellent job and is a joy to speak with him.

Just one question,
every time I do something wrong when I have to understand the daily trend,
everytime I see long and then goes short and viceversa.


One thing I would like to ask (I know I have to study some indicators and charts too to better understand)
is how are going the EAs FOREXflash has developed,

Everett and who are using them, could you post some samples?
I am very interested in understand if these EA could provide a good base on avoiding misunderstanding..


Thanks to all
regards

Iopoipoi
  • #114
  • Feb 2, 2009 4:29am Feb 2, 2009 4:29am
hi
how many pair we can run on the same platform using samurai version ? can we run 2 or 3 pairs at the same time or we have to use a magic number ?
thanks
  • #115
  • Feb 2, 2009 6:06am Feb 2, 2009 6:06am
Quoting FOREXflash
Sorry.......
Hi FOREXflash
I've tested your EA on EU M30 ( instead of M5).
With Direction=0 or 1 , I have only SELL ?????
What Direction setting is necessary to make a good backtest BUY and SELL ?
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Firebird.gif Size: 6 KB
  • #116
  • Feb 2, 2009 6:40am Feb 2, 2009 6:40am
Quoting SamuraiPower
like i mention on post 2124 theres gonna be a huge reversing trend, and maybe its today from what i see from daily chart now.
im not gonna drive my ea till next daily candle and see whats gonna be if it happens, so that u guys knows that this EA is not magic,
minus 200 pips by now and will continue observing, need comment from all of u guys.

SEE POST 2090 FOR THE SETTING


Regards,
Samurai Power
I was predicting that there is gonna be an extreem reversal, but it wasnt happen that day, it happens spescially on monday, i've just seen it just now, please see the daily chart history.

Quoting SamuraiPower
yes according to my indis the trend is still long, but im affraid this up move is running out of gas next week, so have to becareful, need to read news to give a little insight of the direction next week.

Regards,
Samurai Power

Quoting SamuraiPower
Hi all,

According to my indis, candle pattern, news, I got a little bit insight for still driving the EA long for tomorrow, but still have to watch for the price action, if fibs level at 1.4415 breaks it means i have to be carefull.



Regards,
Samurai Power
Its happens today, extreemly huge trend reversing for G/U, as i predicted if the price breaks those level the trend will reverse but I dont expect its gonna be extreem again today, this is what makes this EA dangerous, this system is not perfect as u've seen.
WARNING....!!!!!
IF U DONT KNOW HOW TO USE IT, DONT TRADE WITH IT.

Regards,
Samurai Power
  • #117
  • Feb 2, 2009 6:41am Feb 2, 2009 6:41am
I'm testing the following:

Original Firebird v63 Trader Seven, one long trade,one short trade,
based on the Samurai's template.

ForexFlash's auto-trend Firebird, on the same two pairs as above.

So far, each of the above EAs has closed one trade for 75 pips(I lowered
it from 100, since I am using different pairs).

Rob
  • #118
  • Feb 2, 2009 6:48am Feb 2, 2009 6:48am
very interesting Chicago Rob,

nut the dailyone from ForexFlash?

which pairs?

all 3 EAs have closed in positive a 75 pips trade?


thanks really Rob
  • #119
  • Feb 2, 2009 7:19am Feb 2, 2009 7:19am
Quoting iopoipoi
very interesting Chicago Rob,

nut the dailyone from ForexFlash?

which pairs?

all 3 EAs have closed in positive a 75 pips trade?


thanks really Rob
I have one closed short trade from the manual Firebird,
and one closed trade from the auto-trend Firebird(M5).

I'm not sure about the pairs, since I'm at work, but I
think my long trade is USDCHF, and my short trade is
NZDUSD.

Rob
  • #120
  • Feb 2, 2009 7:53am Feb 2, 2009 7:53am
Quoting ChicagoRob
I have one closed short trade from the manual Firebird,
and one closed trade from the auto-trend Firebird(M5).

I'm not sure about the pairs, since I'm at work, but I
think my long trade is USDCHF, and my short trade is
NZDUSD.

Rob
Hi Rob
Please could you post your set of auto-trend Firebird ?
Thx
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