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Attachments: Semi automatic EA (Driven Version)
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Semi automatic EA (Driven Version)

  • #721
  • Mar 19, 2009 7:56pm Mar 19, 2009 7:56pm
Quoting sergiel
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.
I turned mine off at the end of the london session on Thursday which is 17:00 GMT and will open up at the beginning of the Aisian session on Monday which is 8:00 pm Eastern Daylight Time or 0 GMT for me.

I did not have any positions open at that time but I will close all at that time no matter what the profit or loss is.

EURUSD trend ----

Take a look at the EURUSD 4hr CHART. Price action is oversold and the TRIX line is showing red which means that the 4hr trend is weakening and could head down. The Daily chart is approaching a Major trend line. Will be cautious the next few days just in case of a trend reversal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fffirebirdeurusd4hr.gif Size: 19 KB
Click to Enlarge Name: fffirebirdeurusddaily.gif Size: 19 KB
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #722
  • Mar 22, 2009 6:20pm Mar 22, 2009 6:20pm
Eur USD seems to be trending upward (23:20 G.M.T.) but think it may be dangerous to turn on EA with "long only" at this point considering it is over bought.

Any thoughts?
  • #723
  • Mar 22, 2009 7:42pm Mar 22, 2009 7:42pm
Quoting sergiel
Eur USD seems to be trending upward (23:20 G.M.T.) but think it may be dangerous to turn on EA with "long only" at this point considering it is over bought.

Any thoughts?
The 61.8% fib for the EUR is currently at 1.3810. Support is at 1.3414. I am going to see where we are at on Monday at Zero GMT at the beginning of the Aisian Market. If we are below that I will go long but will close trades once we get above that market to see if it will continue or retrace.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #724
  • Mar 22, 2009 8:19pm Mar 22, 2009 8:19pm
Quoting Namrettik
The 61.8% fib for the EUR is currently at 1.3810. Support is at 1.3414. I am going to see where we are at on Monday at Zero GMT at the beginning of the Aisian Market. If we are below that I will go long but will close trades once we get above that market to see if it will continue or retrace.
Hi there which indicator are you using for the Fib retrace levels? I am assuming you are viewing on the H1 charts?

Thanks
Serge
  • #725
  • Mar 22, 2009 10:13pm Mar 22, 2009 10:13pm
Quoting sergiel
Hi there which indicator are you using for the Fib retrace levels? I am assuming you are viewing on the H1 charts?

Thanks
Serge
I am using fibbonacci pivots. I am using it on the daily chart.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #726
  • Mar 22, 2009 10:18pm Mar 22, 2009 10:18pm
Quoting sergiel
Hi there which indicator are you using for the Fib retrace levels? I am assuming you are viewing on the H1 charts?

Thanks
Serge
Actually the 61.8 fib is the 1.3730. The 1.3812 is the 100% fib. Viewing it on the 1 or 4hr chart is easier to see.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #727
  • Mar 22, 2009 10:59pm Mar 22, 2009 10:59pm
Thanks for the help. I downloaded a Fib Pivot indicator, gives a nice visual of what is going on.

How often do you find that it makes it to each of the fib levels in comparison to each other? Eg. how often does it reach the 100 fib, and how often does it reach the 61.8 fib?

With my limited knowledge of Fib retrace I am guessing this is just another tool to help make an educated guess as to what the price is going to do next.

Thanks
Serge
  • #728
  • Mar 23, 2009 9:33am Mar 23, 2009 9:33am
Quoting sergiel
Thanks for the help. I downloaded a Fib Pivot indicator, gives a nice visual of what is going on.

How often do you find that it makes it to each of the fib levels in comparison to each other? Eg. how often does it reach the 100 fib, and how often does it reach the 61.8 fib?

With my limited knowledge of Fib retrace I am guessing this is just another tool to help make an educated guess as to what the price is going to do next.

Thanks
Serge
Usually Fibs are areas to Take profit and close your trade. The 38% 50% and 61.8 levels are retracement levels to take notice. The 38% being the most conservative and the 61.8* more optimistic. Beyond those points could me a change in the direction of the overall trend.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #729
  • Edited 7:35pm Mar 23, 2009 7:03pm | Edited 7:35pm
Quoting Namrettik
Usually Fibs are areas to Take profit and close your trade. The 38% 50% and 61.8 levels are retracement levels to take notice. The 38% being the most conservative and the 61.8* more optimistic. Beyond those points could me a change in the direction of the overall trend.
My Fib Pivot indicator has 3 Support lines and 3 Retracement lines, so I am assuming these are te 38%, 61.8%, and 100% ?

Are you generally turning off your EA once it hits the 38% Fib Retrace or do you generally let it keep going until it shows signs reversing? GBP/USD just hit the 1st Resistance level.

Thanks again
  • #730
  • Mar 23, 2009 8:33pm Mar 23, 2009 8:33pm
Quoting sergiel
My Fib Pivot indicator has 3 Support lines and 3 Retracement lines, so I am assuming these are te 38%, 61.8%, and 100% ?

Are you generally turning off your EA once it hits the 38% Fib Retrace or do you generally let it keep going until it shows signs reversing? GBP/USD just hit the 1st Resistance level.

Thanks again
Regarding the fibs. Yes. resistance 1 38%, 2 61.8, 3 100%.

I am using the THV system on the daily chart to watch for change in direction of the trend. Once the Trix indicator is overbought or oversold I will watch to see if the trix indicator changes color. i.e. from green to red or red to green. If it changes color or a major trendline is reached I will turn off the EA and close all trades for that pair.

I also am following a free technical anaylsis website for forcasts on the currency pairs I am trading. Send me a PM and I will give you the link.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #731
  • Mar 23, 2009 9:41pm Mar 23, 2009 9:41pm
Quoting Namrettik
Regarding the fibs. Yes. resistance 1 38%, 2 61.8, 3 100%.

I am using the THV system on the daily chart to watch for change in direction of the trend. Once the Trix indicator is overbought or oversold I will watch to see if the trix indicator changes color. i.e. from green to red or red to green. If it changes color or a major trendline is reached I will turn off the EA and close all trades for that pair.

I also am following a free technical anaylsis website for forcasts on the currency pairs I am trading. Send me a PM and I will give you...
Namrettik,

I'm driving this EA carefully as well at the moment with the AUSUSD and GBPUSD with TP=50. Up 300 pips since yesterday with those 2 pairs.

Good advice on waiting for the trix indicator to change colour in OB/OS status.

Are you using the THV Fib pivots indicator for your fib analysis?

Joe
  • #732
  • Mar 23, 2009 10:38pm Mar 23, 2009 10:38pm
Quoting Joe Diamond
Namrettik,

I'm driving this EA carefully as well at the moment with the AUSUSD and GBPUSD with TP=50. Up 300 pips since yesterday with those 2 pairs.

Good advice on waiting for the trix indicator to change colour in OB/OS status.

Are you using the THV Fib pivots indicator for your fib analysis?

Joe
Yes.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #733
  • Mar 24, 2009 12:33am Mar 24, 2009 12:33am
Quoting Joe Diamond
Namrettik,

I'm driving this EA carefully as well at the moment with the AUSUSD and GBPUSD with TP=50. Up 300 pips since yesterday with those 2 pairs.

Good advice on waiting for the trix indicator to change colour in OB/OS status.

Are you using the THV Fib pivots indicator for your fib analysis?

Joe
Now I'm thinkin' to set TP to 150pips on GU, and adjust the SL once its open trades and after get some profit or even Set the TP and let it run to some spesific level like fibo and trend line, for me 50pips TP is too small and might lose chance to get higher profit.
Sory guys I have trouble to reach u here, i still have computer trouble and internet connection since last week.

Regards,
Samurai Power
  • #734
  • Mar 24, 2009 4:24am Mar 24, 2009 4:24am
Dear Samurai and others!

Could u post here, when u start to drive the EA long or short???

i mean wich pair, what time, and why whit some picture

i hope so we can understand your system better and may be we can help/warn each other and we can talk over the results

looks like an interactive trading room


BR

Tokken
  • #735
  • Edited 1:18pm Mar 24, 2009 12:28pm | Edited 1:18pm
Quoting Tokken
Dear Samurai and others!

Could u post here, when u start to drive the EA long or short???

i mean wich pair, what time, and why whit some picture

i hope so we can understand your system better and may be we can help/warn each other and we can talk over the results

looks like an interactive trading room


BR

Tokken
I cant speak for others but here's my thoughts, right now (13:20 E.S.T.) The Eur Usd is a little too unpredicatable for me as you will see from the Daily Chart the it is oversold and the last two trend bars have turned yello. I am sitting out on this and have closed my EurUsd postion.

As for the GbpUsd (Chart 2) it is still going strong so still have it set to "long only". Mind you it has just recently crossed the 100% Fib so it could retrace as well, so should keep an eye on it.

UsdCad is a little dicey right now, on the Daily it still showing a strong downtrend but on the 4H (chart 3) it is waffling a little. I am sticking with "short only" for now but keeping an eye on it.

Hope this helps
Serge
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB
  • #736
  • Mar 24, 2009 12:28pm Mar 24, 2009 12:28pm
GbpUsd
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd d1.gif Size: 29 KB
  • #737
  • Mar 24, 2009 12:29pm Mar 24, 2009 12:29pm
UsdCad
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 4h.gif Size: 24 KB
  • #738
  • Mar 25, 2009 12:59pm Mar 25, 2009 12:59pm
So far so good. 2500+ pips so far since I started using this system on March 15 (Statement attached) The market has been kind to us I think the last 7 days or so with nice long trends. Well see how it performs in the weeks ahead.
Attached File(s)
File Type: doc DetailedStatement.doc   133 KB | 541 downloads
  • #739
  • Mar 25, 2009 4:32pm Mar 25, 2009 4:32pm
sergiel,

Aamazing results! Mind giving out what version EA you are using, settings by pair, trading time, any other points of note for us to learn?

Reading trend is more discretionary to traders' judgement, but would be also nice if you would describe how you do.

Went back and read your posts in the past weeks and seems to have grasped some of these points but not deeply enough, I think.

Thanks in advance, RS

Quoting sergiel
So far so good. 2500+ pips so far since I started using this system on March 15 (Statement attached) The market has been kind to us I think the last 7 days or so with nice long trends. Well see how it performs in the weeks ahead.
  • #740
  • Mar 25, 2009 4:33pm Mar 25, 2009 4:33pm
Quoting sergiel
So far so good. 2500+ pips so far since I started using this system on March 15 (Statement attached) The market has been kind to us I think the last 7 days or so with nice long trends. Well see how it performs in the weeks ahead.
Is this a demo account.....I began the 19th and I am up only 1200 pips. I am using the tp 50 sl 300 and 40 pip step..What are you using?
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
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