Semi automatic EA (Driven Version)

Hi, I agree this looks very promising on EURUSD, however, on GBPUSD I don't get positive results. Very strange ....

Fredella

I selected some pair and i started the EA in realtime on demo

I use it until a Friday, than i ll post the results


hope the best http://www.forexfactory.com/images/icons/icon14.gif


BR

Tokken

Hi Tokken
Glad to see your positive result
Fredella, hope we can find a solution to your bad result

The first idea: to filter out potentially disastrous trades with the help of a combination of ADX and Stoch - it needs calibration as per the commonly occurring price action on each different pair. Is it easier to just make separate copies of the EA for separate pairs, just to avoid complexity?

The larger price fluctuation (the one that out-runs the existing stop loss) has to be mirrored as far as possible by the Stochastic read out. Different values have to be tried out until it looks right. I doubt this calibration can be automatized, it is just a matter of visually making sure that Stoch hits overbought at the same time as the price produces one of those large peaks - and a valley for oversold. the Stoch values can also be external values (in the EA code) allowing for back testing and fine tuning it for each currency pair. This system of filtering trades can prevent any trade at all in a strong sustained trend (Perhaps then another trend following system can be put to good use. The problem is to know when the trend is at an end!!). I think the ADX value is pretty robust and does not need to be different for different pairs.

The second idea - to kill off trades that fail to hit Take Profit before they have a chance to hit Stop Loss (see post 516) - it would be nice if some more competent programmer could set it up. I'm just a beginner.

Again: That trade killing parameter has to be calibrated to the price action of each pair, and it has to be double blind tested to see if it actually increases profit or decreases risk.

Please note: the EA I posted quotes values suited to brokers using five decimal places. ;D

Hi all,

Here is the backtest (M5) of FBV63SF in 2008, blow up the account in October.

Hi SP!

Will this tool work on blackberry's?

What about on days where we have a big doji or near bottoms or tops of trends and also days where we are in a nice down trend but have a bullish pullback for a day or vice versa. I am having a real hard time believing this can be automated. It is a strong tool but only under human watch,,,but good luck to those trying.....

bulls

on the recomendation i have is for window mobile 5 or higher, im using window mobile 6.

Regards,
Samurai Power

I've had it on GBPJPY and EURCHF but It's because I was testing on the Daily Timeframe I think.

We have to tweak it for every pair on the most profitable timeframe.

Do you guys test pairs with Jpy? In my backtesting, pairs with Jpy almost didn't open positions on M5, then I throw ea on 1M chart and it opens many positions. Strangly, it seems this is needed only for pairs with Jpy.

Yes im using candle pattern and trendline to help my descicion, on daily and 4H chart, if we look at the chart history we can see many of those reversal candle pattern.

Regards,
Samurai Power

less open trades also on foward test.....

-Semiauto-

Mhmm...
The chart give a signal for short, but the price moves up for 100-140pips, not indicating any short until today close, but the major trend is still in down trend, if u guys take this day trade it will be in minus positition, but im thingking it will continue the down move next day, at this time it will be a hard times (emotion will play role here), i've been thru those difficult days, but this is what the system will give u, sometimes its against u till -200 (i almost cry) but then the market recover your position again and ends up with hundreed of green pips (but still cant smile since I was still shock), but it can kick my butt also sometimes. Btw i miss taking the today signal.

Regards,
Samurai Power

Hello all/Samurai.

Well, actually, if trading Gbp/Usd (Short) today, would give +200pips,
and I trade it -demo-. A traded it, couse last candle closes below channel-mid line. Its not for sure bad if price went up before, its even good-it would open some positions, and close them in the way down later that day (well, if comes down).
I also went long with Eur/Chf and gain 150pips. Boy, I really should went live today

Hi

I've given up on the idea to fully automatize Firebird.
Looked into Cobra's THV system, and it seems to be a good setup for 'driving' Firebird. Seems like even people with time constraint can drop in on the charts (on VPS, perhaps) once a day to make sure the system doesn't drive over a cliff.

i've tasted it even more on LIVE gasgas fren, my record is arround +800pips in 1 day with multiple pair, on demo reach +1000pips in a day.
To u guys please keep posting foward demo test result, so we can have more bad experience to learn how to encounter. thx

Regards,
Samurai Power

dont give up Divy


your EA s working well for me, it made me a very good results till now

i am using your EA with a few pairs, and looks great

i think your main idea is the right way, may be u must work on it a little bit, but the direction is right

and the end of the week, i ll post the results of your system

just wait

BR

Tokken http://www.forexfactory.com/images/icons/icon14.gif

Divyendu, full automatic and drive version is really not that different, as u said, check in 2-3 times/day, to see how is going, that would be done even if were fully auto, right?

Trading Eur/Chf and Gbp/Jpy today, both going my way, but nether open trades. I guess Firebird don't like todays movement.
As when to trade, we also need to talk about when not to trade, as Samurai said, please post daily charts of loosing days also, so we can anylize it what went wrong.

TheTonik – may I ask you which broker it was when you were getting “excessive loss” alerts. Why I’m asking – I had the same problem with FXCM – MT4, but never with another brokers. I’m just wondering … J

Hey Divy


i am testing your EA, so now i have some problem, cos the EA making a few wrong position, for example now it s making sell on EUR USD but the the daily trend is up, so i don t understand why

few hours ago it made a buy position, and i tought it will contiune till the trend is up


can u check it what s the problem,

without that mistake, the EA would be fine

very promising, i belive in it

BR

Tokken

EUR/USD, AUD/USD, EUR/CHF, USD/CHF, GPB/USD 5 min chart

results of the day