Semi automatic EA (Driven Version) | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA tool & strategy for semi-automatic interactive trading 82 replies

semi-automatic fibs in MT4? 0 replies

Testing a semi-automatic EA with a strategy tester 1 reply

Geoff's Manual and Semi Automatic Trading Setup 988 replies

Trading a (semi) automatic approach...but want more 11 replies

Attachments: Semi automatic EA (Driven Version)
Exit Attachments

Semi automatic EA (Driven Version)

  • #761
  • Mar 26, 2009 10:25am Mar 26, 2009 10:25am
I've been using this EA for live since 2 days ago, so far it helps me so much, coz for a newbie like me entering a position sometimes is a difficult task. N the EA is match with my trading style although I'm just a scalper but I love this EA. It helps me getting back my lost equity last tuesday. Thanks SamuraiPower. Arigato Gosaimashu.
  • #762
  • Mar 26, 2009 10:43am Mar 26, 2009 10:43am
Quoting newlive
I've been using this EA for live since 2 days ago, so far it helps me so much, coz for a newbie like me entering a position sometimes is a difficult task. N the EA is match with my trading style although I'm just a scalper but I love this EA. It helps me getting back my lost equity last tuesday. Thanks SamuraiPower. Arigato Gosaimashu.

Wow thats great, but make sure u drive it correctly, understanding how to take a descicion on difficult time is very important, carefull for the drawdown that might occur in early of trading, spescially when your deposit is minimum. This is a powerful tool ( I think), knowing how to handle the trend as cruscial part is the key to get all the good pips in this universe. Good luck.

Regards,
Samurai Power
  • #763
  • Mar 26, 2009 10:54am Mar 26, 2009 10:54am
Quoting Jonda
Hi Guys,
....
The only downside is that, at one stage, the drawdown was over $1000... scary stuff. If this had happened near the beginning, it would have wiped me out.

Any suggestions to reduce this risk? Maybe change to version with the max trades option? Maybe trade fewer pairs? On the other hand, often the high number of open trades and number of different pairs tend to even things out, some being negative and others being positive at any one time.

Any comments and advice, Samurai and everybody? I obviously want to go live soon!
Hi Jonda,

Loss is happening in every trading system, but if u are using this system correctly then I would say drawdown like this.
"Would U like to give the market $5,000 from your pocket to get $20,000 back into your pocket?"

The EA version with "Max Order" option and "Trailing Stop" option is in the first post. Thx to sergiel to bring this up.

Regards,
Samurai Power
  • #764
  • Mar 26, 2009 11:17am Mar 26, 2009 11:17am
Hi Samurai...

Thanks for sharing this method. I'm going to use it and I downloaded the new version you just posted on page 1, but it doesn't have a Trailing Stop option. It does have the Max Open Orders. Am I missing something?
  • #765
  • Mar 26, 2009 11:37am Mar 26, 2009 11:37am
Quoting Mac109
Hi Samurai...

Thanks for sharing this method. I'm going to use it and I downloaded the new version you just posted on page 1, but it doesn't have a Trailing Stop option. It does have the Max Open Orders. Am I missing something?

Hi there, all versions of Firebird can be found here: http://www.accrete.com/fx-mirror/mt4...a-archives.htm

The V63H04 has max orders but no TS. The V63H04-TS has both.

I have to be honest not really sure how the trailing stop is supposed to work with this EA. I suppose if your position initially has some drawdown but then starts to come back up it will pull your SL up. Not really sure how well it will work with this system but be interesting if one of us tests it out.
  • #766
  • Mar 26, 2009 11:38am Mar 26, 2009 11:38am
Quoting Mac109
Hi Samurai...

Thanks for sharing this method. I'm going to use it and I downloaded the new version you just posted on page 1, but it doesn't have a Trailing Stop option. It does have the Max Open Orders. Am I missing something?
ups.. ok i'll check it out...
  • #767
  • Mar 26, 2009 11:44am Mar 26, 2009 11:44am
Quoting sergiel
Hi there, all versions of Firebird can be found here: http://www.accrete.com/fx-mirror/mt4...a-archives.htm

The V63H04 has max orders but no TS. The V63H04-TS has both.

I have to be honest not really sure how the trailing stop is supposed to work with this EA. I suppose if your position initially has some drawdown but then starts to come back up it will pull your SL up. Not really sure how well it will work with this system but be interesting if one of us tests it out.
I agree with u my fren,

for someone interest in TS function i upload it in my first post, check it out.

Regards,
Samurai Power
  • #768
  • Mar 26, 2009 12:52pm Mar 26, 2009 12:52pm
Quoting Jonda
I used the daily chart and the H4 and even H1 for confirmation. If in any doubt, I turned off the ea for the "doubtful" pair until the trend became clearer again. Apart from that I did not interfere at all with the trading (no manual closing trades).

All pairs had their ups and down. I haven't had time to analyze the details yet.

Hope this helps.
If you don't close trades manually and the trend has truely reversed then you will hit your stoploss mostlikely. I would like to have other opinions on this from the thread readers how you are handling your trades i.e. closing them manually etc.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #769
  • Mar 26, 2009 12:59pm Mar 26, 2009 12:59pm
Thanks Sergiel...

With other FB versions, the TS works like this: If you have TS = 30, and your trades don't go the full TP, it will take you out at +25 pips profit. If the TS = 40, it will take you out at +35 pips profit. It worked well for me with a TP = 50 and TS = 40, so if the price didn't make it to 50, at least I would get 35 pips, and not risk reversing and going into a death hang for days.

With the Drive method however, it may be a moot point.
  • #770
  • Mar 26, 2009 1:02pm Mar 26, 2009 1:02pm
Hey Namrettik, I cant speak for others, but generally if I have an open order and it seems like the price can still go either way based on the D1 & H4 chart for 1) HA Candles, 2) Fib levels, 3) THV trend bar then I will let it ride. Oviously if these give me a solid indication that I am on the wrong side of a strongly developing trend I will close them.

Today I strayed from my rules and it cost me. I prematurely closed my 2 GbpUsd Short trades at 1.4533 with a profit of +65 and +25 . If I would have left them alone they would have both hit my 100 TP. The GU signal was inconclusive at that point so I should have left them alone.
  • #771
  • Mar 26, 2009 1:06pm Mar 26, 2009 1:06pm
Quoting Mac109
Thanks Sergiel...

With other FB versions, the TS works like this: If you have TS = 30, and your trades don't go the full TP, it will take you out at +25 pips profit. If the TS = 40, it will take you out at +35 pips profit. It worked well for me with a TP = 50 and TS = 40, so if the price didn't make it to 50, at least I would get 35 pips, and not risk reversing and going into a death hang for days.

With the Drive method however, it may be a moot point.
so how would it work if I had my tp = 100, sl=300 and ts = 40
as soon as I am in profit by 40pips would it move the sl to my entry price, or just creep up my original SL by 40 pips?

Thanks
  • #772
  • Mar 26, 2009 1:07pm Mar 26, 2009 1:07pm
I was wondering what time frame people are using with this EA?
  • #773
  • Mar 26, 2009 1:11pm Mar 26, 2009 1:11pm
Quoting mac53532002
I was wondering what time frame people are using with this EA?
M5 mostly I think.
  • #774
  • Edited 1:52pm Mar 26, 2009 1:50pm | Edited 1:52pm
Quoting sergiel
Hey Namrettik, I cant speak for others, but generally if I have an open order and it seems like the price can still go either way based on the D1 & H4 chart for 1) HA Candles, 2) Fib levels, 3) THV trend bar then I will let it ride. Oviously if these give me a solid indication that I am on the wrong side of a strongly developing trend I will close them.

Today I strayed from my rules and it cost me. I prematurely closed my 2 GbpUsd Short trades at 1.4533 with a profit of +65 and +25 . If I would have left them alone they would have both hit my...
I agree 100% the way you are looking at it. I too let them ride until I see a clear trend developing. I was long of the GBP monday and part of tuesday when I turned the EA off for the GBP until I could determine where it was going. I saw a clear downside trend developing this morning(i.e. price action trading below the daily pivot, the trix on the THV system had turned red and the price was trading below the 21 MA so I decided to close the GBP trades as they were. If I had left them going until the time of this post I would have had an additional 150 pips loss and be closing in on the stoploss on one of the trades.

When you get to the end of a trend you will have to make those decisions or be willing to lose your entire stoploss. On three trades I was out for 340 pips loss. If I left the trades going to the stoplosses that would be a total of 900 loss. I would rather take the 340 loss and make it up once the trend was certain again.

Any thoughts....
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #775
  • Mar 26, 2009 2:20pm Mar 26, 2009 2:20pm
I've got FB v63H04 installed on EUR/USD - short only - and there's a message on the chart saying... "Trades enabled. Not safe to trade." A few other pairs have this message too, while other say Safe to trade.

I just got a down arrow on the 4 hour chart for EUR/USD too.

Any suggestions/comments?
  • #776
  • Mar 26, 2009 2:23pm Mar 26, 2009 2:23pm
Quote
so how would it work if I had my tp = 100, sl=300 and ts = 40
as soon as I am in profit by 40pips would it move the sl to my entry price, or just creep up my original SL by 40 pips?

Apparently there are several ways that a TS will work, and FB's implementation isn't standard, as far as I can tell. It doesn't work the way you describe, which is the way I thought it would too.

Test it on a demo trade and you'll see.
  • #777
  • Mar 26, 2009 2:54pm Mar 26, 2009 2:54pm
Questions if you please...

I've installed FB v63H04, and the default setting for Percent is .05, which has something to do with the frequency of trades, ie: smaller = more trades. The default for many other FB versions has been .1. What is everyone here using for that setting?

Also, this version of FB has the option for 4 different time ranges, ie: Start & Finish. Should I leave these at 0 or what?

BTW, the EUR/USD chart now says, "Safe to Trade". Go figure.

Thanks!
  • #778
  • Mar 26, 2009 3:15pm Mar 26, 2009 3:15pm
Quoting Mac109
Questions if you please...

I've installed FB v63H04, and the default setting for Percent is .05, which has something to do with the frequency of trades, ie: smaller = more trades. The default for many other FB versions has been .1. What is everyone here using for that setting?

Also, this version of FB has the option for 4 different time ranges, ie: Start & Finish. Should I leave these at 0 or what?

BTW, the EUR/USD chart now says, "Safe to Trade". Go figure.

Thanks!
I'm using a 0.1 Percent, which is a little more conservative I guess. I left those other settings at default.
  • #779
  • Mar 26, 2009 5:47pm Mar 26, 2009 5:47pm
Hi all,
I've been demoing for a week now but yet to understand the condition under which the order is triggered although I see the place/timing is spot on, at the peaks (short) or troughs (long) on the 5 min chart or at the reversal points beautifully.

If I could read the code, I would know but unfortunately I have to rely on the people who can.

Also, the "Percent" number of 0.1 or 0.05 .... would this setting have to do with the order trigger condition? If so, how?

Samurai, sergiel, mac109 and/or anyone, please.

If this is already covered, my apologies... RS
  • #780
  • Mar 26, 2009 6:18pm Mar 26, 2009 6:18pm
i am trying the FB V63D trader seven since a few days.

are they perform the same, or the V63H04_TS is beter, if so
what more it give you.
1 trader viewing now