Semi automatic EA (Driven Version) | Page 46 | 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)

  • #901
  • Mar 30, 2009 3:15pm Mar 30, 2009 3:15pm
Quoting ayoneeyee
The best thing you can do is to use a Trailing stop EA that can manage all your orders, insert it on another chart. That's what I'm doing, I'm using the Swiss army EA from another Tread, I'm demo trading for now though, and its been working for me.

Ayo.
Hi, I will try it, thanks for the recommendation.
  • #902
  • Mar 30, 2009 3:21pm Mar 30, 2009 3:21pm
If the price break the upper orange trendline then the price might go up, but if the price just touching it then the price might still continue down, and if hit the lower green trendline then the downtrend confirmed valid. But looking at the daily candle pattern it seems like the bull is trying to swing the horn. U guys know when to stop or still driving the EA right?

Regards,
Samurai Power
  • #903
  • Mar 30, 2009 6:12pm Mar 30, 2009 6:12pm
I had a position go 96 pips against me, but it didn't open any new positions. I thought every 40 pips in the wrong direction it would open another position. Do I misunderstand how this EA works, or do I have a setting incorrect?

Thanks,
Mary
  • #904
  • Mar 30, 2009 7:31pm Mar 30, 2009 7:31pm
I believe that is only one of the conditions that must be met before it will open another position. The EA also must find a suitable entry position within a "40 pip safe zone".

I am not sure exactly how this works but I suspect it means if the price is super volatile and extends outside a 40 pip zone looking back a certain number of bars it wont make an entry. But I could be completely wrong on this.

So in otherwords of the price goes against you and it is basically a continuous trend with no pullback it wont make an entry.

If I am wrong any other users feel free to correct me
  • #905
  • Mar 30, 2009 8:03pm Mar 30, 2009 8:03pm
Thanks for the info sergiel. You must be right because it finally opened another position.
  • #906
  • Mar 30, 2009 10:53pm Mar 30, 2009 10:53pm
Quoting SamuraiPower
If the price break the upper orange trendline then the price might go up, but if the price just touching it then the price might still continue down, and if hit the lower green trendline then the downtrend confirmed valid. But looking at the daily candle pattern it seems like the bull is trying to swing the horn. U guys know when to stop or still driving the EA right?

Regards,
Samurai Power
I am confused Samurai. I was under the impression that we should drive this EA based on the Major trend off the Daily chart? Should we be turing this off when the H4 shows a reversal or let it ride?

Thanks,

Jayman
  • #907
  • Mar 30, 2009 11:30pm Mar 30, 2009 11:30pm
Hi guys,

please help. I am trying to forward test the EA on 2 pairs i thnk trend well but are slower, but maybe safer. aud/nzd and eur/chf. I also like the usd/cad for easier trends to spot. However i cant get the ea to work on any of these pairs. I tried loading it 5 times on each. i lknow how to set it up. I changed the take profit, stop loss, pip step, and pips goal, pips loss accordingly to IBFX 4 decimal. So i am still doing something wrong or it doesnt accept these pairs. Can someone recommend why? These would be slower gains but easier trens to identify and if it goes against you it is slower to book big drawdown.

all help is greatly appreciated
bulls
Whats happening in EUR/USD should be happening to you!
  • #908
  • Mar 31, 2009 12:09am Mar 31, 2009 12:09am
i tried this EA for about 3 weeks now, and the result is very good. I run the ea with my own thought of going sell or going buy.
1. my very simple going short or going long is just using daily candle price...if yesterday price is going down(short), then my order to this ea is just short..vice versa

2. i've read this whole discussion and found later, people trying to modified the setting of tf from 15 to 5. I tried it both. and find the 15 is better (for now..maybe because of the market). we never can predict that

3. other thing...i found that this ea (if we drive it the wrong way)...maybe not open position at all...or it will open the position and not opening the next layer (40 pip step etc). it is because of divergence effect i guess (i dont know this and why it is happen)

4. if we run it using HA smooth or normal HA....both way wins...what we should do is just keep our position according the color. others let the ea decide. very simple because it wont open the trade until the divergence say so... i like this filter. (but i dont know which one is better 0.002 or 0.004)..different pair, different divergence value.

(errr samurai...what divergence that this ea calculates?) - what i saw was, it takes trades on retracement - sometime very accurates and sometime price move up a little before going to our way

FYI - i just use the 1st ea samurai post here - firebird trader seven. and for yen pair- v1.0a

still demoing it...and already set up the account for live trading...(with direction from HA only or my very simple setup of daily chart...hehe follow yesterday candle
  • #909
  • Mar 31, 2009 1:33am Mar 31, 2009 1:33am
Quoting BullsAndBear
Hi guys,

please help. I am trying to forward test the EA on 2 pairs i thnk trend well but are slower, but maybe safer. aud/nzd and eur/chf. I also like the usd/cad for easier trends to spot. However i cant get the ea to work on any of these pairs. I tried loading it 5 times on each. i lknow how to set it up. I changed the take profit, stop loss, pip step, and pips goal, pips loss accordingly to IBFX 4 decimal. So i am still doing something wrong or it doesnt accept these pairs. Can someone recommend why? These would be slower gains but easier...
Hi BullsAndBear,

All I know the EA taking less trade on aud/nzd and eur/chf, and open several trade on usd/cad, If the EA wont open trade I think u should wait for another 2 days, but if it still doesnt open trade and u alraedy follow each step setting i suggest u to reinstall the platform, but if it still not openig trades it mean the EA is not working on that pair, fyi..the EA works good on usd/cad pair, hope thats help.

Regards,
Samurai Power
  • #910
  • Mar 31, 2009 1:47am Mar 31, 2009 1:47am
Quoting Jayman02
I am confused Samurai. I was under the impression that we should drive this EA based on the Major trend off the Daily chart? Should we be turing this off when the H4 shows a reversal or let it ride?

Thanks,

Jayman
Hi Jayman02,

I still trade based on daily chart, but the market can reverse anytime, so i look for 4H chart to see what happens and make sure that i am still riding the trend, coz its more sensitif to recognize trend reversal.
Look at the gbp/usd 4H chart below for an example,
The price is breaking the lower orange trendline, it means that u have to turn on the "anticipation" mode, and if its continuing down then the trend is reverse, u may check daily candle for that spesific day i mention. Hope that clears u.

Regards,
Samurai Power
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 17 KB
  • #911
  • Mar 31, 2009 2:15am Mar 31, 2009 2:15am
Hey Samurai where can I get that fancy trendline indicator

Thanks
Serge
  • #912
  • Mar 31, 2009 2:18am Mar 31, 2009 2:18am
Quoting bujal38
i tried this EA for about 3 weeks now, and the result is very good. I run the ea with my own thought of going sell or going buy.
....
(errr samurai...what divergence that this ea calculates?) - what i saw was, it takes trades on retracement - sometime very accurates and sometime price move up a little before going to our way

FYI - i just use the 1st ea samurai post here - firebird trader seven. and for yen pair- v1.0a

still demoing it...and already set up the account for live trading...(with direction from HA only or my very simple setup of...
Hi fellow friend,
As u can see that this system is costumable, the key is drive it in the right way. we can use our own tools to recognize the daily trend and anticipate the reversal, the tools i show u here is my tools, u guys may find your own tools more fits to your style, but make sure to share it here, u might help others.
As i see along this time I never find a "Set and Forget" EA and makes a consistent positif result, the market is changing and still u have to watch your fully auto trade EA and tweak it along with the market behaviour changing, the energy we use is the same with semi auto, driving the EA daily is how i adjust the EA to the market behaviour. I say this becouse I am dumb on coding a program, but if anyone have a very good "Set and Forget" EA I would like to have it, i might change my mind .

Keep the good work up bujal38.

Regards,
Samurai Power
  • #913
  • Mar 31, 2009 2:20am Mar 31, 2009 2:20am
Quoting sergiel
Hey Samurai where can I get that fancy trendline indicator

Thanks
Serge
Ha..ha..c'mon sergie fren, no fancy, i draw it by my self..

Regards,
Samurai Power
  • #914
  • Mar 31, 2009 2:24am Mar 31, 2009 2:24am
upz... sergie maybe this one will help a little bit. If im not mistaken i got this from gasgas.

Regards,
Samurai Power
Attached File(s)
File Type: ex4 Channel Surfer.ex4   6 KB | 484 downloads
  • #915
  • Mar 31, 2009 8:16am Mar 31, 2009 8:16am
Quoting SamuraiPower
upz... sergie maybe this one will help a little bit. If im not mistaken i got this from gasgas.

Regards,
Samurai Power
Thanks again!
  • #916
  • Mar 31, 2009 10:00am Mar 31, 2009 10:00am
Quoting SamuraiPower
Hi Jayman02,

I still trade based on daily chart, but the market can reverse anytime, so i look for 4H chart to see what happens and make sure that i am still riding the trend, coz its more sensitif to recognize trend reversal.
Look at the gbp/usd 4H chart below for an example,
The price is breaking the lower orange trendline, it means that u have to turn on the "anticipation" mode, and if its continuing down then the trend is reverse, u may check daily candle for that spesific day i mention. Hope that clears u.

Regards,
Samurai Power
Thanks for clearing that up
  • #917
  • Mar 31, 2009 10:36am Mar 31, 2009 10:36am
For another consideration,
Daily candle pattern on GU formed a reversal pattern...

Regards,
Samurai Power
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 15 KB
  • #918
  • Mar 31, 2009 10:49am Mar 31, 2009 10:49am
It may be a bit too early to tell but seems as though the EU and GU seem to be in ranging mode right now which makes it very difficult to predict the direction of movement. I have a tough call to make, my GU & EU sell orders from yesterday are at about -150 pips. The Daily charts still show downward trend for both, however, on the GU especially does not look very promising on the H4.

Getting close to Fib resistance level on GU however so might just stay with it, in too deep now to close I think, lol.

I probably should have closed them yesterday around 5pm E.S.T. but was out and about.

Its too bad there wasn't a way to tell when the currency is going to stay in ranging mode for a while because having EA set to auto would probably work very well in those conditions.

The more I use this EA the more I think I am going to stay away from the Daily chart and focus on H4. The Daily has gotten me into more trouble than not so far.

Any thoughts.
  • #919
  • Mar 31, 2009 10:55am Mar 31, 2009 10:55am
Quoting sergiel
It may be a bit too early to tell but seems as though the EU and GU seem to be in ranging mode right now which makes it very difficult to predict the direction of movement. I have a tough call to make, my GU & EU sell orders from yesterday are at about -180 pips. The Daily charts still show downward trend for both, however, on the GU especially does not look very promising on the H4.

Getting close to Fib resistance level on GU however so might just stay with it, in too deep now to close I think, lol.

I probably should have closed them yesterday...
I agree. I use the THV system on the H4, everything in me was saying turn the EA off when the trend went flat and trix turned green but I decided to test the daily theory. Before I went to bed it wasn't looking good so I closed my open orders. You live and learn I guess. It's H4 for me from now on.
  • #920
  • Edited 11:47am Mar 31, 2009 10:59am | Edited 11:47am
Quoting Jayman02
I agree. I use the THV system on the H4, everything in me was saying turn the EA off when the trend went flat and trix turned green but I decided to test the daily theory. Before I went to bed it wasn't looking good so I closed my open orders. You live and learn I guess. It's H4 for me from now on.
Ya, I think Daily is just too delayed to give any meaningful information unless the currency is in a very long trend.

This has gotten me thinking a little about ranging vs trending. It seems as though the GU & EU have been bouncing off the Fib support and resistance levels for a few days now. Not sure if this idea is totally out in left field but what about adding a further "Drive Element".

When the price is within the Fib Pivot lines have set to Auto when it breaks out have it set to the approprate "long only" or "short only".

Once again I could be totally wrong on this just a thought.

Update: Actually the more I think about this, probably wont work. Will still probably get more false orders if not driving, and not very often that it strays beyond Fib lines anyway.
1 trader viewing now