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Semi automatic EA (Driven Version)

  • #781
  • Mar 26, 2009 6:23pm Mar 26, 2009 6:23pm
Quoting RisingSun
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...
Sorry Im not much help in this regard, as I have know idea of what is going on internally in the program besides that it trades at a pullback in a trend.

The Percent - basically the higher the number the more conservative and less trades it makes.

I found a small manual on the Firebird on the net and have attached it.
Attached File(s)
File Type: doc Firebird Manual.doc   102 KB | 557 downloads
  • #782
  • Mar 26, 2009 6:41pm Mar 26, 2009 6:41pm
Thanks sergiel for your reply with the manual, which I am going to read now.

At first glance, I see there are several pictures in the manual but I don't see them showing. Does your manual show those pics? RS

Quoting sergiel

I found a small manual on the Firebird on the net and have attached it.
  • #783
  • Mar 26, 2009 6:47pm Mar 26, 2009 6:47pm
Quoting RisingSun
Thanks sergiel for your reply with the doc, which I am going to read now.

At a first glance, I see there are several pictures in the manual but I don't see them showing. Does your manual show those pics? RS
I already have this manual and mine does not have pics either. Hopefully someone can post one with pics......

Question. The section on stoploss is interesting. Can someone explain this.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #784
  • Mar 26, 2009 7:01pm Mar 26, 2009 7:01pm
No pictures on the original either.
  • #785
  • Mar 26, 2009 7:13pm Mar 26, 2009 7:13pm
Namrettik,

Samurai's default is 300 pips, which is in agreement with the 4 steps trade example and this is what has been explained in a post here. To me 100 pips is too small and above 300 too much. This should have to do with the volatility of the pair you are trading, I think. Not much help but just my thoughts.

It seems I found the answer to "Percent" there in the manual, although the explanation there does not really suggest any level with reasons. So I would just go with the default 0.1 for now.

The "MA_timeframe" section presents some contradiction to Samurai's explanation and default setting of 15 on a 5 min chart, since the manual says:

- MA_timeframe Put the number of minutes here of the chart you are using. 10 for M10 charts, 1440 for D1 charts, etc. Just use the number that matches your chart unless you want to do some testing.

Should I follow this manual's guideline or Samurai's way as to leave it at 15?

If this influences the entry point decision to a high degree, we cannot overlook but otherwise I would follow the master Samurai's opinion...

What are your thoughts?


Quoting Namrettik
I already have this manual and mine does not have pics either. Hopefully someone can post one with pics......

Question. The section on stoploss is interesting. Can someone explain this.
  • #786
  • Mar 26, 2009 7:14pm Mar 26, 2009 7:14pm
OK, thanks sergiel.

Quoting sergiel
No pictures on the original either.
  • #787
  • Edited 7:26pm Mar 26, 2009 7:22pm | Edited 7:26pm
Quoting RisingSun
Namrettik,

Samurai's default is 300 pips, which is in agreement with the 4 steps trade example and this is what has been explained in a post here. To me 100 pips is too small and above 300 too much. This should have to do with the volatility of the pair you are trading, I think. Not much help but just my thoughts.

It seems I found the answer to "Percent" there in the manual, although the explanation there does not really suggest any level with reasons. So I would just go with the default 0.1 for now.

The "MA_timeframe" section presents...
Does this chart mean if we are trading with a $300 stoploss we should only have 4 positions open?
what does this mean. 1 lot per $1000 (is this per mini lot)

Below a list of how many pips drawdown you get:
1 position: 30 pips
2 positions: 90 pips
3 positions: 180 pips
4 positions: 300 pips
5 positions: 450 pips
6 positions: 630 pips
7 positions: 840 pips
8 positions: 1080 pips
9 positions: 1350 pips
10 positions: 1650 pips
And that's excluding the $1000 it takes to buy 1 lot.
So if you want to trade 10 positions you need to set the stoploss at 1650+29=1679 pips.
That's $16790 drawdown plus $10000 for buying the lots. Total $26790 account needed
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #788
  • Mar 26, 2009 7:28pm Mar 26, 2009 7:28pm
Will firebird work on JPY pairs?
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #789
  • Mar 26, 2009 7:30pm Mar 26, 2009 7:30pm
Quoting RisingSun
Namrettik,

Samurai's default is 300 pips, which is in agreement with the 4 steps trade example and this is what has been explained in a post here. To me 100 pips is too small and above 300 too much. This should have to do with the volatility of the pair you are trading, I think. Not much help but just my thoughts.

It seems I found the answer to "Percent" there in the manual, although the explanation there does not really suggest any level with reasons. So I would just go with the default 0.1 for now.

The "MA_timeframe" section presents...
I kept the default. I too wondered about changing it to 5 but read other posts along the way to leave it at the default. I am not sure how this works.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #790
  • Mar 26, 2009 7:55pm Mar 26, 2009 7:55pm
@Namrettik,

Well, it's not $300 but it is 300 pips. This is the area of breath or allowance of pullback. And 4 positions per pair at the most (maximum) simultaneously is plenty enough for me in terms of both anticipated profit, and the burden of funds - a scarly degree when trend goes against, imho.

This manual assumes a 100:1 leverage where 1.0 "standard" lot requires $1,000 funds or margin. If leverage is 200:1, the requirement will be $500. And if you are trading 0.1 lot, $50. If 0.01 lot, $5 margin. If 0.001 "nano" lot (ibfx mini account 0.01 lot), $0.5 margin. This calculation is subject to correction (anyone please).

As for the JPY pairs, I have only traded EurUds up to now. It's only a week's experience.

Quoting Namrettik
Does this chart mean if we are trading with a $300 stoploss we should only have 4 positions open?
what does this mean. 1 lot per $1000 (is this per mini lot)

Below a list of how many pips drawdown you get:
1 position: 30 pips
2 positions: 90 pips
3 positions: 180 pips
4 positions: 300 pips
5 positions: 450 pips
...
  • #791
  • Edited 7:58pm Mar 26, 2009 7:58pm | Edited 7:58pm
Quoting RisingSun
Well, it's not $300 but it is 300 pips. This is the area of breath or allowance of pullback. And 4 positions per pair at the most (maximum) simultaneously if plenty enough in terms of both anticipated profit, and the burden of funds - a scarly degree when trend goes against, imho.

This manual assumes a 100:1 leverage where 1.0 "standard" lot requires $1,000 funds or margin. If leverage is 200:1, the requirement will be $500. And if you are trading 0.1 lot, $50. If 0.01 lot, $5 margin. If 0.001 "nano" lot (ibfx mini account 0.01 lot), $0.5...
I did mean pips not dollars......I am trading .1 of full lots or 1 pip equal $1. Sorry for the confusion.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #792
  • Mar 26, 2009 8:40pm Mar 26, 2009 8:40pm
I hope the market breaks out of this sideways movement next week, lol. EA completely off now.

This is when it is good to have a productive scalping strategy to prevent boredom lol.
Attached Image (click to enlarge)
Click to Enlarge Name: sideways.gif Size: 26 KB
  • #793
  • Edited 10:10pm Mar 26, 2009 8:43pm | Edited 10:10pm
Quoting sergiel
I hope the market breaks out of this sideways movement next week, lol. EA completely off now.

This is when it is good to have a productive scalping strategy to prevent boredom lol.
Yeah I know what you mean. As of now the only USD pair with an opportunity is the USDJPY. Do you know if Firebird can trade the pair.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #794
  • Mar 26, 2009 8:45pm Mar 26, 2009 8:45pm
Quoting Namrettik
Yeah I know what you mean. As of know the only USD pair with an opportunity is the USDJPY. Do you know if Firebird can trade the pair.
Im not sure, I dont see why not, I think it may be a bit more volatile but other then that should be ok.

You may want to check with Samurai, as he has had alot more experiece with the EA than I.
  • #795
  • Mar 26, 2009 10:11pm Mar 26, 2009 10:11pm
Quoting sergiel
Im not sure, I dont see why not, I think it may be a bit more volatile but other then that should be ok.

You may want to check with Samurai, as he has had alot more experiece with the EA than I.
Can you post your complete input settings for the EA you are using?
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #796
  • Edited 11:14pm Mar 26, 2009 11:00pm | Edited 11:14pm
Basically they are all default except:

Tp = 100
SL = 300
Percent = 0.1
MA timeframe = 5
Ma type = 1
Increasement type = 0.2
max orders = 5

Cheers
  • #797
  • Mar 26, 2009 11:28pm Mar 26, 2009 11:28pm
Quoting sergiel
Basically they are all default except:

Tp = 100
SL = 300
Percent = 0.1
MA timeframe = 5
Ma type = 1
Increasement type = 0.2
max orders = 5

Cheers
The default is 0 = close; you have 1 =high/low - why did you change to this setting
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #798
  • Edited Mar 27, 2009 12:00am Mar 26, 2009 11:38pm | Edited Mar 27, 2009 12:00am
Quoting Namrettik
The default is 0 = close; you have 1 =high/low - why did you change to this setting
The manual says:

MA_type
- Type 0 calculates its bands using the current bars open.
- Type 1 uses previous bars high for the upper band and previous bars low for the lower band.
- Type 1 trades a little less that Type 0 but it's entries are usually closer to the reversal point.
- So:Type 0: More less certain trades.Type 1: Little less trades that are more certain. With better potential for trailing stops.

What are you referring to when you say; 0=close, 1=high/low?
  • #799
  • Mar 27, 2009 12:05am Mar 27, 2009 12:05am
it looks like the EA not working on Yen pair..e.g Euro/ Yen or GBP/Yen.. or USD/Yen

what's the different between trader seven and H04??

this ea has coming back like a phoenix coming up from death and soaring. good going. keep it up
  • #800
  • Mar 27, 2009 12:59am Mar 27, 2009 12:59am
Quoting RisingSun
The "MA_timeframe" section presents some contradiction to Samurai's explanation and default setting of 15 on a 5 min chart, since the manual says:

- MA_timeframe Put the number of minutes here of the chart you are using. 10 for M10 charts, 1440 for D1 charts, etc. Just use the number that matches your chart unless you want to do some testing.

Should I follow this manual's guideline or Samurai's way as to leave it at 15?

If this influences the entry point decision to a high degree, we cannot overlook but otherwise...
Last year I was analysing the EA with many different setting, and i was just backtest it again but still I think MA_timeframe set to 15 is more optimum.

Regards,
Samurai Power
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