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

  • #821
  • Mar 27, 2009 8:24am Mar 27, 2009 8:24am
hi Samurai i found good EA to be "SEMI DRIVEN"
i wonder i can bothering your thread but if you want it i can send to ur email
thx
Simplicity your Life
  • #822
  • Mar 27, 2009 8:27am Mar 27, 2009 8:27am
Hi guys,

I trade the eur/usd alot and watch the gbp/usd. dont like to trade both @ the same time do to very similar moves and i feel it just increase to risk if i am wrong. The last few days has been in a range. up and down, almost wasnt sure which way it would go although my bias was down and now it has done that. My question was. Was the range making it more difficult to drive this ea? The top i believe was last week. so have you guys been driving this thing down the whole time? what were your results?

Been thinking about this as i was placing my own trades on my system which is similar to what the ea does, but of course i have human emotion and change my mind or make adjustments as i go. Thanks for any feedback....


bulls

also i thought this was worth reading.....

Congressman Peter DeFazio introduced H.R. 1068: “Let Wall Street Pay for Wall Street's Bailout Act of 2009” on 13February2009. This bill imposes a 0.25% transaction tax on the “value of the sale and purchase of financial instruments such as stock, options, and futures contracts.” While HR1068 seeks to engender populist appeal by ostensibly exacting monetary retribution against the big Wall Street firms for wreaking havoc upon the American financial system, its effects will hurt EVERY American who trades professionally as well as the ordinary investor trying to save for the future. The 0.25% tax is invoked against the VALUE of every purchase AND sale of typical financial instruments, resulting in an egregious added cost borne by every American for each investment or trading transaction they make, even within the realm of an IRA or 401K account. It is particularly grievous that this tax is imposed upon the transaction itself, regardless of whether the purchase / sale generates a profit. The bill will have virtually no effect upon the behavior of the relatively few Wall Street executives whose reckless decisions contributed to the current financial crisis, as added costs would in all likelihood be passed on in some form to customers. Further, the bill would have the effect of diminishing capital provision, as it discourages investment to a degree even beyond the negative impact of capital gains taxation.
HR1068 MUST BE STOPPED!! THE BEST WAY TO ENSURE HR1068 NEVER BECOMES LAW IS TO MAKE YOUR OPPOSITION FORCEFULLY AND UNAMBIGUOUSLY KNOWN TO YOUR CONGRESSMEN AND SENATORS!!!
HR1068 is currently in Committee [House Ways and Means] for markup and debate, so Congress needs to hear from traders and investors quickly and massively in opposition. Further, the bill has already garnered air time in the media, thus it is gaining visibility.
Attached/below is a pre-composed letter response for your use in writing to your Congressmen and Senators. However, be advised that the most effective means of response in voicing protest regarding HR1068 is to call your Congressman's/Senators' office. The next most effective means of communication is via actual mail. The least effective [though still viable] means of communicating your displeasure regarding HR1068 is via email. You can obtain the contact information for your Congressman and Senators via http://www.govtrack.us/congress/. You can track the current status of HR1068 as it goes through the legislative process via http://www.govtrack.us/congress/bill.xpd?bill=h111-1068 .
Whats happening in EUR/USD should be happening to you!
  • #823
  • Mar 27, 2009 9:04am Mar 27, 2009 9:04am
Quoting El Dee

I suppose as the market changes, optimum settings will constantly change too.
Thats for sure!!! Some pairs are not tradable sometimes a month or so. Some are every day. Just find best avarage settings for pairs you trade and stick with that..
  • #824
  • Mar 27, 2009 9:32am Mar 27, 2009 9:32am
Not being a programmer I am a little hesitant in posting this but.....I think that MA Type refers to the type of MA as follows:
0= Simple
1= Exponential
2= Smoothed
3= Weighted
On what the MA is calculated I don't know. Most MA's are calculated on the closing price of the bar but there are other options also. Hope this helps.

I follow this thread with interest and have learned a great deal from it. Thanks Samurai and others.
  • #825
  • Mar 27, 2009 10:39am Mar 27, 2009 10:39am
Quoting El Dee
Hi all, just finished reading this great thread and thanks to Samurai for starting it and to everyone for all the hard work done with this very interesting EA.

Sergiel,
I'm interested to see you are using an increasement value; I would see this variable as being useful for preventing too many orders being placed in the 'wrong' direction if the trend reverses against the user (when both long and short orders are used) whilst Max Orders controls the total live orders placed.
As we are driving the EA, our oders are all placed on the retracement...
Helo, very good questions. I actually never gave alot of thought to how the increasement would work with the "Driving" method. I just had a gut feeling that it was better to have a somewhat exponential pipstep as opposed to a straighy linear pipstep. I suppose the need for this is reduced when you are "Driving" the EA, however sometimes the price can make big a big retrace quickly and I think this setting will help it find the real bottom/top of a pullback. But I could be completely wrong.

And in regards to max orders, I believe Samurai is correct, it will only set the max orders for that particular pair, not for all currencies running on your platform. So if you are trading 3 pairs you could still have 15 open orders at once. I am considering dropping this setting to 4 or maybe even 3. I think by the time it opens 5 orders in the wrong direction its safe to say there is a trend developing in the wrong direction and not just a pullback.

Cheers
  • #826
  • Mar 27, 2009 1:46pm Mar 27, 2009 1:46pm
I was wondering when one should look at the daily chart for confirmation of where the trend is heading?
  • #827
  • Mar 27, 2009 3:16pm Mar 27, 2009 3:16pm
Quoting mac53532002
I was wondering when one should look at the daily chart for confirmation of where the trend is heading?
I would review post #1 to answer your questions. I use the THV system to confirm the trend. I marked the entry and exit of an uptrend on the EURUSD. The red is the entry and the exit is the yellow verticle line. If you need a link to the THV system send me a PM.

The daily chart candle changes at different times for different brokers. IBFX changes at 0 GMT time.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd032709.gif Size: 20 KB
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #828
  • Mar 27, 2009 3:44pm Mar 27, 2009 3:44pm
Quote:
Originally Posted by mac53532002 http://www.forexfactory.com/images/buttons/viewpost.gif
I was wondering when one should look at the daily chart for confirmation of where the trend is heading?

I would strongly suggest that you see which way the trend is going before placing a trade. This has a tendency to save you money.
  • #829
  • Mar 27, 2009 3:44pm Mar 27, 2009 3:44pm
Hi all,
I've been thinking about how to remove judgement (emotion) from the process of pulling the trigger on the EA and when to switch it off again.
On the THV template it would be very straightforward to switch the EA on in Short only mode when the daily bar opens below the Ichimoku cloud and switch the EA off on the first bar that touches it again, opposite applies to a bar opening clear above the cloud.
I have backtested for 2008 & 2009 to date using this rule and the results are attached.
In summary:
2008 - 23580 pips
2009 - 8907pips
The real results, with a few additional rules and understanding of candle price action should be better than the backtest results as no account was taken of weekends; backtest periods ran from the opening of the first candle clear of a cloud to the first candle that fully breached the cloud (see chart) - in reality, price action and proximity to the cloud would give good indication to stop new trades being placed by the EA before the trend reversal hit.
I'm not too familiar with the Ichimoku cloud and don't know if it repaints but watching it today would have been a no trading day on G/U.
I'd appreciate anyone's thoughts on this as the results look promising with manageable drawdowns and the EA would be 'live' for most of the time.

Backtest SL: 300, TP 75, MA type 1, MA TF 5, Max open trades 5
Other settings default
Attached Image
Attached File(s)
File Type: xls Firebird Backtest Ichimoku.xls   15 KB | 449 downloads
You don't have to be right, just don't be too wrong
  • #830
  • Mar 27, 2009 3:49pm Mar 27, 2009 3:49pm
I atach screenshot of my template i use ADX croses no repainting, Xpma, and the key indicator, Aroon.
I'm using this setup with high succes, but would be very helpful an alarm on aroon indicator when crossower appears.
Anyone can help me to put an alarm on aroon with message of pair where crossower appears?
I attach my indicators.
THX in advance.

Sorry for my bad english, im just learning.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd template.gif Size: 29 KB
Attached File(s)
File Type: zip indicators.zip   11 KB | 450 downloads
  • #831
  • Mar 27, 2009 6:06pm Mar 27, 2009 6:06pm
Man I wish I had more open short EU and BU before I went to bed last night. I awoke this morning to find that the Euro had dropped about 200 pips.

I had one open short EU but I had the TP set to 50 instead of 100 before going to bed. I did this because the EU was very inconsistent for the better part of Wednesday and Thursday and wanted to grab any profit I could just in case it shot back up toward the support Fib levels.

Once again I strayed from the rules and it cost me 50 pips, ah well.

Good weekend all!
Attached Image (click to enlarge)
Click to Enlarge Name: london session.gif Size: 25 KB
  • #832
  • Mar 27, 2009 7:29pm Mar 27, 2009 7:29pm
5-8openEMA_Cross_Arr..mq4

What settings are we using for this indicator. I have the metatrader platform running on a VSP and have the settings.

fasterema 5
slowerema 8

On my laptop I have

fasterema 1
slowerema 2

I seemed to have downloaded two different version. Did I get one of them by misstake....I assume based on the name it should be fasterema 5 slower ema 8

I do remember some discussion of 1 ema and 2 ema but I think that was when someone was trying to program the ea to be automatic instead of being maually traded.

Samurai could you explain this.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #833
  • Mar 27, 2009 7:29pm Mar 27, 2009 7:29pm
Quoting El Dee
In the Firebird manual it states that if Increasement is set to Zero then it just uses Pipstep.
I assume (but would be glad if someone knows for sure) that max orders is just for the chart that the EA is loaded on
eldee,
yup....the max order is just for the chart that the ea is loaded.
i.e - max order for GU - 4;max order for EU 4 - in total it becomes 8
  • #834
  • Mar 27, 2009 8:02pm Mar 27, 2009 8:02pm
Quoting Namrettik
5-8openEMA_Cross_Arr..mq4

What settings are we using for this indicator. I have the metatrader platform running on a VSP and have the settings.

fasterema 5
slowerema 8

On my laptop I have

fasterema 1
slowerema 2

I seemed to have downloaded two different version. Did I get one of them by misstake....I assume based on the name it should be fasterema 5 slower ema 8

I do remember some discussion of 1 ema and 2 ema...
Most of the time I set
fasterema 1
slowerema 2

But sometimes if I want to filter choppy market I set
fasterema 5
slowerema 8

for a while.

Regards,
Samurai Power
  • #835
  • Mar 27, 2009 8:48pm Mar 27, 2009 8:48pm
Quoting eljuli
I atach screenshot of my template i use ADX croses no repainting, Xpma, and the key indicator, Aroon.
I'm using this setup with high succes, but would be very helpful an alarm on aroon indicator when crossower appears.
Anyone can help me to put an alarm on aroon with message of pair where crossower appears?
I attach my indicators.
THX in advance.

Sorry for my bad english, im just learning.
Hi eljuli,

can u explain how to read the indis?

Regards,
Samurai Power
  • #836
  • Mar 28, 2009 12:00am Mar 28, 2009 12:00am
Quoting SamuraiPower
Max order is the maximum open order per pair, I think its nescesary to prevent continuing open order when u against the market.
If increasement is set to zero, it means that the increasement feature is off.
Not sure bout Ma_type but all I know the result is like this.

Backtest for 1 month period on Aug 2008, GBPUSD pair, TP 100pips, short only, other setting is default

MA timeframe = 15
Ma type = 0
Result: 3009pips

MA timeframe = 15
Ma type = 1
Result: less than 3009pips

MA timeframe = 5
Ma type = 0
Result: less than 3009pips

MA timeframe...
So have most of you been found the 15M MA timeframe to give you better entry points? I am assuming you are using the matching chart? Eg. MA timeframe set to M15, on the M15 chart?

Thanks in advance
  • #837
  • Mar 28, 2009 3:46am Mar 28, 2009 3:46am
Quoting sergiel
So have most of you been found the 15M MA timeframe to give you better entry points? I am assuming you are using the matching chart? Eg. MA timeframe set to M15, on the M15 chart?

Thanks in advance
I asked Samurai the same question several posts back, since the manual suggested the matching timeframe but his default was a non-mathing set-up, and he has said non-maching MA timeframe gives better entry point and better results; 15 on M5 charts.

I have experienced a seemingly immature entry when I tested 5 on M5 chart. After changing to 15 on M5 chart the entry point was right on the pull back point. This is for EurUsd... RS
  • #838
  • Edited 5:19am Mar 28, 2009 5:06am | Edited 5:19am
Quoting SamuraiPower
Hi eljuli,

can u explain how to read the indis?

Regards,
Samurai Power
Is too simple read my indicators:
Xpma it's a simple MA, but you can select MA type and MA period, (on my chart is set to 21, like original template) when trend changes, color of MA changes and has alert.
ADX crosses are the arrows on my chart, only show the crosses of Average Directional Movement Index (Standard metatrader indicator), and shows changes of trend too, (For me its better than MA crosses, less signals but more accurate).
Aroon indicator its a great tool to detect trend changes, This indicatos has two lines (on my chart blue and red), when blue its above red indicates a uptrend, when red above blue downtrend, more separate the lines, more strong is the trend.
You can learn more about Aroon on this link
http://www.investopedia.com/articles...g/06/Aroon.asp

I need a alert on aroon crosses because i'm trading 10 pairs at the same time, and its the key of my system. (i only trade on aroon crosses, if the rest of indicators are in agreement, and always in the direction of the major trend).
Last night i added a silvertrend indicator set to weekly timeframe to detect major trend.
I atach silvertrend indicator and screenshot of my template.
Rules are:
1- Aroon cross.
2- Confirmation with ADX, Heiken hansi and Xpma.
3- Never enter long when Silvertrend (set to weekly timeframe -10080-) are red, and viceversa.
Is a stress less system, I only need be alerted when Aroon changes, then see if the rest of indicators are in agreement.

Hope this help.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 28 KB
Attached File(s)
File Type: mq4 SilverTrend_bar.mtf.mq4   2 KB | 473 downloads
  • #839
  • Mar 28, 2009 5:27am Mar 28, 2009 5:27am
Quoting RisingSun
I asked Samurai the same question several posts back, since the manual suggested the matching timeframe but his default was a non-mathing set-up, and he has said non-maching MA timeframe gives better entry point and better results; 15 on M5 charts.

I have experienced a seemingly immature entry when I tested 5 on M5 chart. After changing to 15 on M5 chart the entry point was right on the pull back point. This is for EurUsd... RS
I am still backtesting. So far the 15 on the M5 chart is the best performance.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #840
  • Mar 28, 2009 7:06am Mar 28, 2009 7:06am
Sergiel,

Can I have u r set of Indicators please, looks nice setup.
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