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Semi automatic EA (Driven Version)

  • #941
  • Apr 1, 2009 10:55am Apr 1, 2009 10:55am
Quoting El Dee
Hi Guys,
I pointed a senior member friend to this thread and his comment was that the EA looks good but every other post on the thread seems to be someone trying to find the perfect indicator or timeframe to define the trend and therefore eliminate drawdowns - it ain't gonna happen and if you are waiting for that perfect set of indis, you're never gonna pull the trigger and go live!
...
Great post El Dee...we are humans and we like complicate thinks more than we should.

Regards
  • #942
  • Apr 1, 2009 10:58am Apr 1, 2009 10:58am
I think El Dee and Samurai power both hit the nail on the head. The best way to drive this EA is to let it do it's thing. Stick to one timeframe and one indicator or reduce your stop loss and number of pairs traded. For me, I'm having success with this EA using HMA indicator on the daily chart, which I think it is originally made for. The purpose of an EA is to get rid of Human emotion and we got to let it do its thing, attaching emotion will result in loosing trades. I have had 100% profit on the pairs the EA traded, execept the ones I close manually myself. Just my 2 cent.

Ayo.
  • #943
  • Apr 1, 2009 11:17am Apr 1, 2009 11:17am
And I just bank 100 vabuolus pips. Well guys...thats it for today, gonna sleep (GMT +7 here) and i'm gonna have a beautifull dream..good luck

Regards,
Samurai Power
  • #944
  • Apr 1, 2009 4:24pm Apr 1, 2009 4:24pm
Which of the indicators in the THV-system have all of you found to be the best ones for this system (and the daily TF)? Does anybody use ot for other TFs with this system? Have most here abandoned the original indicators?

Regards

Archie
  • #945
  • Apr 1, 2009 4:51pm Apr 1, 2009 4:51pm
Great post El Dee

Hit my first SL today, not bad after 8 or 9 days of trading. I have to agree with his comment on indicators, I am actually thinking about cutting them back and using price & the news as my 2 primary indicators.

On that note can any of you recommend a good news source to get a good sense of market conditions on a daily basis?

Thanks all
  • #946
  • Edited 6:25pm Apr 1, 2009 6:23pm | Edited 6:25pm
Hi Every1 Just want to thank SamuraiP for bring this thread up. Drove the v63 today Long for Aussie (2 positions opened, 100pips in the bag one position still running +79) Short Swissy (3 positions running , -71, -29, +6) Long Yen (1 position opened -5) I am using the daily arrows direction of previous day matching the direction of the next day. GBPUSD and AUSUSD look similar but I didnt take the position on GBP. That's my report for now, also Friday is not actually a bad day to let the Firebird run from my experience netted more than 900 pips (50-100pips TP) across 6 currencies two weeks ago.. but the position ran thru Monday. FYI these positions are taken on demo account (Alpari and FXpro). I have to say it is quite nerve racking at times I felt like closing the trades but I just get myself away from the PC, and actually like others have been saying this is what cause losses - emotions. And this is what SamP was saying u need to get comfortable with the EA while demoing b4 going live.
I will stop my rambling now.
Thanks to everyone for sharing their experience.
  • #947
  • Apr 1, 2009 6:35pm Apr 1, 2009 6:35pm
Hi Sergiel
I am not an expert but I can say that these day news can be very misleading and I wouldnt advice anybody to even bother trading with it. But because it doesnt work for me is not a reason for it not to work for you.
Few week back did u remember what happened on swissy the explosive more upwards ask anyone they will ascribe that to cut in interest rate by the Swiss CenBank but if you look carefully at the chart the move was just a short squeeze (flushing out - creating a fake sentiment before the reall move)
So watch out, may be you ve been better than me at it. That's my 2cent

Regards
Lanre

Quoting sergiel
Great post El Dee

Hit my first SL today, not bad after 8 or 9 days of trading. I have to agree with his comment on indicators, I am actually thinking about cutting them back and using price & the news as my 2 primary indicators.

On that note can any of you recommend a good news source to get a good sense of market conditions on a daily basis?

Thanks all
  • #948
  • Apr 1, 2009 6:55pm Apr 1, 2009 6:55pm
Thanks, ya I know trading the news can be a bit dicey. I am actually thinking about taking El Dee's advice to the extreme and using price alone as my indicator (HA candles, and regular candles) on one demo account as an experiment.
  • #949
  • Edited 7:18pm Apr 1, 2009 7:15pm | Edited 7:18pm
Hi Every1
Just want to share with u a little research I did (playing around with the settings on FB).
This is just to show the effect of time filter on the net profit of FB
I used the following time window & currency
GBPUSD, 5mins TF, 2008-12-17 to 2008-12-30 (EA driven short only)
Total net profit 1399.84 ( Time filter 8 -18 open to close)
Total net profit 2398.72 (time filter 0 -24)

Settings
MA_length=10; MA_timeframe=15; MAtype=0; Percent=0.1; TradeOnFriday=1; slip=100; Lots=0.1; TakeProfit=1000; Stoploss=3000; Fast_Period=23; Fast_Price=1; Slow_Period=84; Slow_Price=1; DivergenceLimit=0.005; Use_V63D_Divergence=true; PipStep=400; IncreasementType=0; DVLimit=10; PipsGoal=5000; PipsLoss=5000; GMT=0; DST=0;
OpeningHour=8 (change to 0);
ClosingHour=18 (changed to 24);
writelog=0;

More to come later...
Keep on Pippin
Lanre
Attached Image(s) (click to enlarge)
Click to Enlarge Name: StrategyTester fbtest_24hrs.gif Size: 5 KB
Click to Enlarge Name: StrategyTester fbtest.gif Size: 5 KB
  • #950
  • Apr 1, 2009 9:14pm Apr 1, 2009 9:14pm
Great job ollypips...,
btw I just got another 100pips when I woke up..
  • #951
  • Apr 1, 2009 10:04pm Apr 1, 2009 10:04pm
Samurai

Do you plan to continue to drive long on GBP?
  • #952
  • Apr 1, 2009 11:24pm Apr 1, 2009 11:24pm
Hello All!

I've been following this thread from page 1 and have tested this system with okay success (b/c my work schedule fluctuates too much where I can't really check my charts from home). But, I have really been wondering, why is it sooooo hard to create an EA to mimic this (Samurai's) firebird driven strategy??? I am not a programmer so, I'm not sure what would need to be done, it's just a burning question that I had since there are sooo many talented programmers out there and this is a pretty simple strategy to follow. But, idk... :-|
  • #953
  • Apr 1, 2009 11:53pm Apr 1, 2009 11:53pm
Hello,
I'm new to the site. Your site is very good and very helpful.
I've been demoing the Firebird v63G the regular way. Sometimes it goes out of control buying or selling. I like what you guys are doing using the trend to buy or sell only.
My question: I'm using the "firebird v63G CCI v2. I use it with USDEUR and GBPUSD to either buy or sell only. The problem is that it doesn't do anything. I had it running for at least 24 hours now.

My settings:

MA_length = 10
MA_timeframe = 15
MAtype = 0
Percent = .1
TradeOnFriday = 1
Slip = 100
Lots = .1
Takeprofit = 100
Stoploss = 200
Fast_Period = 23
Fast_Price = 1
Slow_Period = 84
Slow_Price = 1
DivergenceLimit = .005
Use_63D_Divergence = true
Pipstep = 40
IncreasementType = 0
DVLimit = 10
PipsGoal = 500
PipsLoss = 500
GMT = 2
DTS = 0
OpeningHour = 0
ClosingHour = 23
Writelog = 0
CCIAverage = 4
CCIThreshold = 40
UseCCI = true

Thanks for your help and/or suggestions.
jg
  • #954
  • Apr 2, 2009 12:06am Apr 2, 2009 12:06am
Quoting jgfx
Hello,
I'm new to the site. Your site is very good and very helpful.
I've been demoing the Firebird v63G the regular way. Sometimes it goes out of control buying or selling. I like what you guys are doing using the trend to buy or sell only.
My question: I'm using the "firebird v63G CCI v2. I use it with USDEUR and GBPUSD to either buy or sell only. The problem is that it doesn't do anything. I had it running for at least 24 hours now.

My settings:

MA_length = 10
MA_timeframe = 15
MAtype = 0
Percent = .1
TradeOnFriday = 1
Slip = 100
Lots...
Did you place it on a M5 chart and do you see the smiling face at the top right?
  • #955
  • Apr 2, 2009 1:52am Apr 2, 2009 1:52am
Well I have posted my good results so far on this thread so only fair that I am honest about my bad days as well.

Big losses today, about 1000 pips, ouch! Went short on the EU and GU early Monday morning (E.S.T.) unfortunately this was the bottom of the downtrend. Instead of closing the orders 10 - 12 hours later when there was a clear uptrend on the H4 I let them ride. 2 hit my SL, and then finally closed the other 3 a few minutes ago. Live and learn.

What is bothering me is that I had both the EU and GU set to Long only for the last 10 hours or so and it made no trades despite a strong uptrend. I've never had it go that long without making a trade before. Would have been nice to counteract my losing trades.

Hopefully tomorrow brings some pips to make up for today.

Ps. anyone know how to get rid of the "Excessive Losses" Alert that keeps popping up every 2 seconds? Driving me nuts lol.

Thanks
  • #956
  • Apr 2, 2009 2:58am Apr 2, 2009 2:58am
I got lose 800+pips on 4 Short position on GU.
I've change to long only but it doesn't open any single position yet even the market bullish. I don't understand.

Can somebody help me?

Thanks
  • #957
  • Apr 2, 2009 3:46am Apr 2, 2009 3:46am
Quoting sergiel
Well I have posted my good results so far on this thread so only fair that I am honest about my bad days as well.

Big losses today, about 1000 pips, ouch! Went short on the EU and GU early Monday morning (E.S.T.) unfortunately this was the bottom of the downtrend.
.......
......
Ps. anyone know how to get rid of the "Excessive Losses" Alert that keeps popping up every 2 seconds? Driving me nuts lol.

Thanks
What is your SL? Mine is set @300 pips and I had up to 4 steps or levels yesterday on M5 EurUsd "Only Short" but never have hit SL. Now the 4th level got TP and only 3 levels floating. Yes, I have set it to short only since Monday based on HeikenAshi Daily chart trend, which is still short in my readig. My TP is 50, not 100 because of the sideways daily bars. Will change to 100 TP soon as the trend gets "more clear".

I am also suffering from that excessive losses/lots alert thing. Can anyone tell us where to put "//" so that this alert routine is killed? Or any other way? RS
  • #958
  • Apr 2, 2009 5:21am Apr 2, 2009 5:21am
Quoting sergiel
Ps. anyone know how to get rid of the "Excessive Losses" Alert that keeps popping up every 2 seconds? Driving me nuts lol.
Thanks
I never got that alert, don't know why you get it. Try this:
Tools>Options>Events and double click on Expert Advisor sound to disable it.

Or: In common, below where you set Long or Short, uncheck Enable alerts.

Or Simply turn off speakers

Hope that works for you guys.
  • #959
  • Apr 2, 2009 7:05am Apr 2, 2009 7:05am
hmmmm, why would this happen?

I set the bird on e/u last night before bed. right before a nice retrace. it triggered an order @ 1.3265, nice entry, and closes for 75 pips,,,hoorah. then e/u retraces again @ 1040 gmt, for about 56 pips, yet no trigger. it was a nice retrace for perfect entry. pipstep is set to 40. everything set exactly per instructions. does this happen sometimes???

thank you guys for all this info. I am keen to learn this ea.

bulls
Whats happening in EUR/USD should be happening to you!
  • #960
  • Apr 2, 2009 7:44am Apr 2, 2009 7:44am
Hi All
Thot this might be relevant since another NFP day is around the corner
It is from a blog I read daily from fxstreet.

Which is important - NFP data or traders positions?
Posted on March 6, 2009 at 15:59 in Market comment, Market forecast, Operators' intentions by Dr. S. Sivaraman
When traders avoid taking positions before NFP data release the market made subdued moves before and after the announcements.Then when the players found that the traders with bearish feel shorted yesterday EURO and GBP during drop and are waiting for ‘risk aversion move after NFP data,the players firmed up to hit their stops or induced them to do the short covering.Later when traders developed the bullish feel and bought EURO and GBP on breakout trades,the players are now making the drop to hit their stops on the downside.later they are expected to rise again EURO and GBP for week end.So it is not NFP data which is important for the players to make moves in the market ,actually it is traders pending positions to hit their stops.So the players are more focused on their profits,but traders want to know more about the economy of various countries day in and day out.Who is smart?
Regards
Dr.Sivaraman
------------------------
Another 200 pips in the bag (USDCHF, USDJPY)
Fire on Firebird
Regards
Lanre
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