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Semi automatic EA (Driven Version)

  • #701
  • Edited 10:48pm Mar 18, 2009 10:48pm | Edited 10:48pm
Hi all, I realised this EA work best when I activate it just hour before US market closed, all the way till asian session. Off it before europe market open. Just wonder anyone here share the same thought.
  • #702
  • Mar 18, 2009 11:48pm Mar 18, 2009 11:48pm
Quoting Namrettik
What settings are you using.

tp 100 ?
sL 200 ?
Pipstep 40 ?
tp 100 sl 300 pipstep 40
  • #703
  • Mar 19, 2009 12:33am Mar 19, 2009 12:33am
Alcazer, wich pairs and trend directions are you using in this moment?

i am using eurusd---long
usdchf ---short
usdcad---short
audusd---long

but i dont know how to identificate when the trend is changing

could somebody post the correct trend to use every day or something like that?
  • #704
  • Mar 19, 2009 2:21am Mar 19, 2009 2:21am
Hi all, I think we would all agree the most difficult part of using this EA is determining when the trend is about to change. For example I am about to turn in for the night, I currently have the EA set to Long Only for EurUsd.

What do you think judging from my 4H and 1H charts below? It the trend likely to change and go against me overnight? Very tough call. To be safe I kept my open long trades running but turned offf the Ea.

What do you think?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4.gif Size: 22 KB
  • #705
  • Mar 19, 2009 2:23am Mar 19, 2009 2:23am
1H EurUsd
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h1.gif Size: 21 KB
  • #706
  • Mar 19, 2009 7:05am Mar 19, 2009 7:05am
first time i use this system and i had 200 pips using eurusd, usdchf, audusd and usdcad, with tp 50, in my live fxdd account, the thing is how to identificate when the trend is going to change..., i wanna know wich criteria are confiable to keep trading the same trend or stop it and wait.
  • #707
  • Edited 9:06am Mar 19, 2009 8:34am | Edited 9:06am
Well I guess I got my answer this morning. EU and GU continued to shoot up another 130 pips. Missed out on some trades by turning off the EA but my open orders closed out for another 300pips

Total of 1250 pips in 3.5 days on one of my demo accounts and 400 pips on the other (prematurely closed out some losses on this one)

I think my strategy is going to be sticking with a trend until the 4H tells me otherwise. Can be a little scary when the 1H has been going the opposite way and you are leaving your computer for 6 hours but thems the breaks.

Ps. Backtesting on tp=100, sl=300 seemed a bit more promising, so switched to that for now.
  • #708
  • Edited 12:34pm Mar 19, 2009 11:35am | Edited 12:34pm
Todays results:

GBPUSD
buy +100
buy +100
Overall: +200pips

EURUSD
buy +100
Overall: +100pips

AUDUSD
buy +100
buy +100
Overall: +200pips

Total: +500 pips again like yesterday

Firebird V63G trader seven tp 100 sl 300 pipstep 40
  • #709
  • Mar 19, 2009 12:18pm Mar 19, 2009 12:18pm
Well i guess u guys are doing great, for some of u that having a difficult time in this early demo then its great coz u dont need lots of time to learn, just keep demo ok until u know this system really well.
Im having trouble with my computer for the last 2days, so I cant help u much with my PDA, keep posting and please help me to help others ok.

Regards,
Samurai Power
  • #710
  • Mar 19, 2009 12:24pm Mar 19, 2009 12:24pm
Im gonna post my results every day
  • #711
  • Mar 19, 2009 12:31pm Mar 19, 2009 12:31pm
great..alcazer and all can u please post the template u are using and demo result and if u dont mind add a short note so others can learn from u. Thx

Regards,
Samurai Power
  • #712
  • Mar 19, 2009 12:40pm Mar 19, 2009 12:40pm
my recommendation for everyone is that: Dont u close positions manually, let them run to tp or sl. i thik u can make better results like that.


sorry for my bad language im form another planet.
  • #713
  • Mar 19, 2009 12:49pm Mar 19, 2009 12:49pm
ha..ha.. well in that case then im from another planet too.
Dont forget to post the template and detail statement ok. Cheers..

Regards,
Samurai Power
  • #714
  • Mar 19, 2009 12:53pm Mar 19, 2009 12:53pm
Quoting Alcazer
my recommendation for everyone is that: Dont u close positions manually, let them run to tp or sl. i thik u can make better results like that.
nice, and dont forget to use 4H chart as another consideration.
  • #715
  • Mar 19, 2009 1:32pm Mar 19, 2009 1:32pm
Quoting SamuraiPower
nice, and dont forget to use 4H chart as another consideration.
I second that, Daily chart alone seems to be a little dangerous, by the time there is a clear reversal the EA may have opened many positions in the wrong direction. 4H seems to provide a reliable indication without too many false signals.
  • #716
  • Mar 19, 2009 2:46pm Mar 19, 2009 2:46pm
Hi Samurai and others,

I am new to this forum and I have read nearly all of this thread. It seems very sensible to only allow an EA to go with the trend.
I have been working with forex for a while now and really want to get a system working.
My weakness is computors. I have no problem putting on EA's into the folders and activating them and managing them, but when it comes to something more technical well I am lost.

I have seen your page of 5 files to use. I tried to click and drag the firebird file into the experts folder, even though it does not look like a normal EXE file. It went in but then it does not go onto the platform. So I can't put it into a chart. I think maybe it needs something else.

Please can somebody help me with these issues.

Thanks
  • #717
  • Mar 19, 2009 3:13pm Mar 19, 2009 3:13pm
Quoting 1982
Hi Samurai and others,

I am new to this forum and I have read nearly all of this thread. It seems very sensible to only allow an EA to go with the trend.
I have been working with forex for a while now and really want to get a system working.
My weakness is computors. I have no problem putting on EA's into the folders and activating them and managing them, but when it comes to something more technical well I am lost.

I have seen your page of 5 files to use. I tried to click and drag the firebird file into the experts folder, even though it does...
Hi there, welcome to the thread. I find the simplist thing to do is just right click whatever file you want to move, click copy then....

Go into your Broker Folder on your computer, it is usually located here:

My Computer / Program Files / Your Broker eg. FXPro/ Experts

once you are in the Experts Folder just right click and paste the EA and restart your Trading Platform, you should now find the EA on the left side bar under Expert Advisors. Either drag it onto your chart or right click and choose "Attach".

If you want to add custome indicators paste them in here:

My Computer / Program Files / Your Broker/ Experts/ Indicators/

If you want to add in a template paste it here:

My Computer / Program Files / Your Broker / Templates

Hope that helped.

Serge
  • #718
  • Mar 19, 2009 3:28pm Mar 19, 2009 3:28pm
I have been using the settings SL300 TP 50 and pipset 40. I had 250 pips today. Based on everyones posts here looks like I need to adjust my TP to 100. I am missing out on some good runs by taking profit at 50 pips. Keep up the posts it is really helping me...I too am monitoring the 4hr chart for possible trend reversals.

I am using the THV system to monitor overbought and oversold conditions. The TRIX lines on the daily chart show that the EURUSD is getting close to the overbought terrritory (red dotted line see attached chart). Might be getting close to a trend reveral in the next few days.
Attached Image (click to enlarge)
Click to Enlarge Name: fffirebirdeurusddaily.gif Size: 22 KB
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #719
  • Mar 19, 2009 3:53pm Mar 19, 2009 3:53pm
I've read this thread too and will start using this method now. Looks like it's a good way to avoid the shortcomings of this EA.

Thanks for all the help!!
  • #720
  • Mar 19, 2009 6:32pm Mar 19, 2009 6:32pm
Whats the consensus on Thursday / Friday trading with this EA.

Are you generally:
1) turning the EA off Thurs night / Friday morning and letting open positions ride until market re-opens on Sunday evening?
2) Or are any of you taking the ultra conservative approach and turning off the EA and closing all open positions before close of trading on Friday regardless of whether they are positive or negative?

I think I will be going for option #1 myself.
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