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Semi automatic EA (Driven Version)

  • #661
  • Mar 17, 2009 1:20pm Mar 17, 2009 1:20pm
Quoting SamuraiPower
Price action, cande pattern and trend line count also....

just got 200 pips since yasterday..

I just had another 100 pips today. Total 150 plus 50 yesterday total 200 so far. 100 EURUSD 100 GBPUSD.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #662
  • Mar 17, 2009 2:03pm Mar 17, 2009 2:03pm
I have good results @ audusd, 12 trades all +100pips

Using tp 100 sl 300 pipstep 40.

Is anybody driving with live account ?
  • #663
  • Mar 17, 2009 2:08pm Mar 17, 2009 2:08pm
I see downtrend here ?!?!?!?!? what do u think guys ?
Attached Image (click to enlarge)
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  • #664
  • Mar 17, 2009 2:12pm Mar 17, 2009 2:12pm
But aud has still strong uptrend
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 19 KB
  • #665
  • Mar 17, 2009 2:21pm Mar 17, 2009 2:21pm
In my limited experience with this method, I have found the hourly charts to be a bit misleading.

For example on the daily charts both the EU and GU have been showing a clear uptrend for the last 2 days, but there was a few times where my hourly chart showed 2 or 3 bars downward and so I turned the EA off preventing any new trades.

Sure enough a few hours later the trend reversed and kept heading back up in line with what the daily chart was telling me. I prob lost out on a couple trades by jumping the gun. Your always going to get waves within waves. I think a better indication might be if you see a downward shadow on the Daily, IMHO.

I am still torn as to whether to let it ride when I see this on the hourly or turn off the EA and play it safe.

What do you think Samurai?
  • #666
  • Mar 17, 2009 3:21pm Mar 17, 2009 3:21pm
Quoting Alcazer
I see downtrend here ?!?!?!?!? what do u think guys ?
Looks like a falling wedge pattern. In my experience it usually breaks to the north. I'm sticking to the daily pattern to drive this ea.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #667
  • Edited 4:04pm Mar 17, 2009 3:35pm | Edited 4:04pm
Quoting Alcazer
I have good results @ audusd, 12 trades all +100pips

Using tp 100 sl 300 pipstep 40.

Is anybody driving with live account ?
1200pips a day..wow u broke my record..welldone.

i think u guys taking this system nicely, im not gonna involved too much unless i have to make some note, i want u to learn difficult times as much as possible, yes emotion will be a huge barrier, keep learn..keep learn, dont trade this live yet untill u demo this for at least 3 month. Im not gonna stop saying this.

Regards,
Samurai Power
  • #668
  • Edited 4:27pm Mar 17, 2009 4:25pm | Edited 4:27pm
Quoting SamuraiPower


1200pips a day..wow u broke my record..welldone.

i think u guys taking this system nicely, im not gonna involved too much unless i have to make some note, i want u to learn difficult times as much as possible, yes emotion will be a huge barrier, keep learn..keep learn, dont trade this live yet untill u demo this for at least 3 month. Im not gonna stop saying this.

Regards,
Samurai Power
Not in 1 day its 3 weeks result (sorry for my bad)
My record is 400 pips for 1 day
Im trading eurusd audusd gbpusd usdchf
  • #669
  • Mar 17, 2009 4:25pm Mar 17, 2009 4:25pm
Quoting SamuraiPower


1200pips a day..wow u broke my record..welldone.

i think u guys taking this system nicely, im not gonna involved too much unless i have to make some note, i want u to learn difficult times as much as possible, yes emotion will be a huge barrier, keep learn..keep learn, dont trade this live yet untill u demo this for at least 3 month. Im not gonna stop saying this.

Regards,
Samurai Power
Im dying to know, have you gone live yet? Curiosity is getting the better of me.
  • #670
  • Mar 17, 2009 6:27pm Mar 17, 2009 6:27pm
Hi All

Does anyone of you know if there is a version of Firebird which has incorporated an automatic halting of trades when a loss occurs?

I thought it could be a very useful feature

Lets say you spot what looks like a good strong up trend and set the Firebird running long (buying mode) in the morning and then go to work. Then, mid afternoon, unbeknown to yourself the trend reverses and a stop-loss is hit...

With a feature like this some big big losses can be avoided - right?

If nothing like this has been thought of - and if people think it is a good idea - could somebody code it?
  • #671
  • Mar 17, 2009 8:21pm Mar 17, 2009 8:21pm
Quoting Divyendu
Hi All

Does anyone of you know if there is a version of Firebird which has incorporated an automatic halting of trades when a loss occurs?

I thought it could be a very useful feature

Lets say you spot what looks like a good strong up trend and set the Firebird running long (buying mode) in the morning and then go to work. Then, mid afternoon, unbeknown to yourself the trend reverses and a stop-loss is hit...

With a feature like this some big big losses can be avoided - right?

If nothing like this has been thought of - and if people think...
Sounds like it might be a neat feature. Or how about this:
I dont know if this is possible to program because I am not a programmer but have The EA automatically turn off if your Daily HA candle develops a shadow in the opposite direction and the Trend Bar turns yellow.
  • #672
  • Mar 17, 2009 8:37pm Mar 17, 2009 8:37pm
Quoting sergiel
I haven't been using the EurGbp yet with this system. How does it compare? So far I have been using 3 currencies: EU, GU, UsCan, any thoughts on the best currencies?

Thanks

Ps. 550 pips and counting
first, i want to note that the brilian idea to use this EA is we must know the trend. All we need is self confidence using indicator to show the trend, and discipline using it

the higher timeframe is most avoid false signals based on any indicator, especially indi based on MA, so why i use SIDUS TREND at 4H TF

2nd. the RISK and REWARD Ratio is no good with this EA. 50 TP and 300SL mean we need 6 win to pay 1 lose
but it's okay if our SL never touched, but market is very random....so good MM is the KEY to success

3rd. i have no time to forward test it cause i have trade some accounts of my client, but if we know how to use STRATEGY TESTER WISELY, you can have a GLOBAL VIEW of any EA.

4th. in my observation i more confidence with EURGBP because this pair is not so trending and with SL 250pip it's only touched once at 6 months

5th. this pairs make me confidence to use bigger lot.

1000$ = 1 mini lot x 1000 pip, but also
1000$ = 4 mini lot x 250 pip

we focus on MM....


6th. this EA continues to open new position if price against our direction
i see at gbpusd it more open position than if we use EURGBP,

we can have good feeling at DEMO ACCOUNT but it can be a big problem if we use in LIVE ACCOUNT

all your opinions are welcome

thx
Simplicity your Life
  • #673
  • Mar 17, 2009 9:08pm Mar 17, 2009 9:08pm
Quoting stevenali
first, i want to note that the brilian idea to use this EA is we must know the trend. All we need is self confidence using indicator to show the trend, and discipline using it

the higher timeframe is most avoid false signals based on any indicator, especially indi based on MA, so why i use SIDUS TREND at 4H TF

2nd. the RISK and REWARD Ratio is no good with this EA. 50 TP and 300SL mean we need 6 win to pay 1 lose
but it's okay if our SL never touched, but market is very random....so good MM is the KEY to success

3rd. i have no time to forward...
FYI the EA with features you want is FBv1.03 and FB v63 HO4 TS. And if you want same entries all you have to do is change use FB63D divergence.
  • #674
  • Edited 10:17pm Mar 17, 2009 9:20pm | Edited 10:17pm
I have to agree with you on the risk vs. reward problem, that was a big issue for me at first. However if you are very diligent in watching the trend "Driving it", and having the Dicipline to sit out once it starts to change I think it could still be profitable.

It would be interesting to tweak with the TP and SL a bit and find the best result for the given currencies. Have any of you done any backtesting trying different combinations eg. tp=40 SL = 200 etc?

Thanks
Serge

Ps. Update did a backtest on last 3 months without driving EA and had 700 pips more profit using TP=50, SL=250. This sort of makes sense if you think about it. If your position has gone bad by 250 pips its probably trending in the other direction by then so will likely hit 300 anyway. Prob need to do a longer backtest driving it to confirm for sure though. If anyone else has the time/motivation to do this and post your result, feel free, I have to get back to studying for finals, lol.
  • #675
  • Mar 17, 2009 11:07pm Mar 17, 2009 11:07pm
Hi Alcazer, could you please tell me what ea system are you using? and wich parameters please?, i was using the firebird V63G but i stop using it because it started to ding alerts "excessive loss" and it does not made any trade anymore.

Thanks Alcazer, i apreciate your help.
  • #676
  • Mar 18, 2009 1:25am Mar 18, 2009 1:25am
Quoting dochero
Hi Alcazer, could you please tell me what ea system are you using? and wich parameters please?, i was using the firebird V63G but i stop using it because it started to ding alerts "excessive loss" and it does not made any trade anymore.

Thanks Alcazer, i apreciate your help.
You will find it from post nr. 1
  • #677
  • Mar 18, 2009 1:27am Mar 18, 2009 1:27am
Quoting sergiel
I have to agree with you on the risk vs. reward problem, that was a big issue for me at first. However if you are very diligent in watching the trend "Driving it", and having the Dicipline to sit out once it starts to change I think it could still be profitable.

It would be interesting to tweak with the TP and SL a bit and find the best result for the given currencies. Have any of you done any backtesting trying different combinations eg. tp=40 SL = 200 etc?

Thanks
Serge

Ps. Update did a backtest on last 3 months without driving EA and had...
in backtesting last 8 days on eu i have better results with tp100 sl300.
  • #678
  • Mar 18, 2009 1:32am Mar 18, 2009 1:32am
Eur climing nicely today gonna be good day i think !


Sorry for my Shit*y English.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 17 KB
  • #679
  • Mar 18, 2009 2:42am Mar 18, 2009 2:42am
Hi guys,
I see 3th different post about alert “excessive loss”. I have same problem, but only with one broker which is FXCM. I’m testing this EA with another two MT4 brokers and there is no problem. I have a feeling that this is no EA problem, but broker problem. They try to discourage us to using this EA. Could you all post which broker you are using?
  • #680
  • Mar 18, 2009 3:42am Mar 18, 2009 3:42am
im using fxpro, but i think what makes the ea give an excessive lost alert is becouse u drive the to the wrong direction, improove your skill and u will not get that alert, i think this ea sholud work on familiar broker,just adjust the setting.

update on semiauto.
i learn GU behavior more than other, despite my template or thv templat, i think it still gonna continue down this week, and my prediction is right, if monday still gives an up move, i assumed not more than 300pips up move, then on tuesday the price might run out gas, as u can see on daily plain candle, and today i assume GU is falling, took sell from monday and it gives 300pips waiting for 500pips. For EU u have to pay attention just in case it reverse, watch for 4H chart.

Regards,
Samurai Power
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