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Semi automatic EA (Driven Version)

  • #1,001
  • Apr 6, 2009 7:48am Apr 6, 2009 7:48am
Shhh.... actually I dont like being stupid here, I was trying to find what the meaning for 2 centuries but end up with nothing, can anyone tell me whats IMHO and TIA stand for? please..please..

Regards,
Samurai Power
  • #1,002
  • Edited 8:28am Apr 6, 2009 8:12am | Edited 8:28am
Quoting SamuraiPower
Shhh.... actually I dont like being stupid here, I was trying to find what the meaning for 2 centuries but end up with nothing, can anyone tell me whats IMHO and TIA stand for? please..please..

Regards,
Samurai Power
Hey Samurai, they stand for In my humble opinion, and Thanks in advance.

I think I am done trading on Sunday evenings, having a deja view of last week. Start of the London session Monday big reversal again, ouch!



Cheers!
  • #1,003
  • Apr 6, 2009 10:27am Apr 6, 2009 10:27am
Hope everyone followed the trend change on Eur/Usd & Gbp/Usd?Wish U all happy pipping :- }
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur-usd trend change.gif Size: 17 KB
Click to Enlarge Name: gbp-usd trend change.gif Size: 15 KB
From the tips to the dips, it's all about the pips
  • #1,004
  • Apr 6, 2009 10:40am Apr 6, 2009 10:40am
Quoting theforexpert
Hope everyone followed the trend change on Eur/Usd & Gbp/Usd?Wish U all happy pipping :- }
the daily trend has not been changed yet
  • #1,005
  • Apr 6, 2009 11:16am Apr 6, 2009 11:16am
Right I was expecting it to reverse and go long again based on daily trend. Can someone confirm whether or not this is the correct strategy based on Samurai's 1st post.

TIA
  • #1,006
  • Apr 6, 2009 11:25am Apr 6, 2009 11:25am
Mhmm...monday..monday..monday..
I was looking at the price about 12 hours ago, and the daily chart says there is a major resistance at arround 1.4972 but I was too busy too post the chart, as u can see the price failed to break the level. IMHO as I analyze news, for me it has the second priority after PA, but if the news come when the price near the major resistance/support it will become a trigger to reverse in a big move, even Cad news can have a big impact on other pairs. This plain candle can gives us a little bit insight of what might happen and a precaution to prevent losses, this is what the template cant give, the HA and arrow indicator still cant give an early warning for this. Looking at the 4H candle it might be a good moment to close the loss and wait till the daily trend is clear to jump again.
For first timer, please dont start on monday, start when the template gives u a clear sign. U cant prevent loss but u can minimize it, but if u follow the template with once or twice control a day (specially on news time) I still can say that it still be profiting in the end of the month.
I trade it in demo and close it in -276pips, I'm gonna pay the loss when the trend is clear.


Regards,
Samurai Power
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart.gif Size: 19 KB
Click to Enlarge Name: chart1.gif Size: 15 KB
  • #1,007
  • Edited 11:46am Apr 6, 2009 11:32am | Edited 11:46am
Quoting Jayman02
Right I was expecting it to reverse and go long again based on daily trend. Can someone confirm whether or not this is the correct strategy based on Samurai's 1st post.

TIA
Once again the trend has done a 180 at opening of London session Monday. From now on myself, sitting out until Monday A.M. to determine trend.

Now the question is do I cut my losses (1000 pips) or hope it retraces before closing the orders. Ahh decisions, decisions.
  • #1,008
  • Apr 6, 2009 11:32am Apr 6, 2009 11:32am
Great work Lanre, thanks for your contribution. I guess I'm going to try the yen fix also. Lanre, if I may ask, are you from Naija? and where are you now?.

Thanks.
Ayo.

Quoting ollypips
Hi All
What a day, lots of pips in the bag and lots to report as well
Firstly Gasgas Thanks, I can gladly confirm that the yen fix version is superior to the v63g FB for Yen crosses. So for everyone that's the conclusion from my testing (confirming Gasgas findings).
Ok now to the issue of 5min MATF or 15min MATF. I have attached my results of ten trend I could identify from January till today on GBPUSD. And on these results I carried out a Ttest (dependent variable) and a Sign Test for confirmation (For those well versed in statistics, they will...
  • #1,009
  • Apr 6, 2009 11:48am Apr 6, 2009 11:48am
Oh so confused.... If I listen to El Dee's advice on post 937 then I let my long positions ride. If I let my emotions drive my decisions I cancel my positions now. Perhaps Samurai I need some clarification of your original post on how to drive this EA. It would be much appreciated.

Thanks
  • #1,010
  • Apr 6, 2009 11:52am Apr 6, 2009 11:52am
There is a medium term resistance to be broken, but the Daily still signals a LONG trend, so, for now I'm going to stop driving the EA Long, until I know if its a reversal or just a retracement unless you want to trade using lower TFs than Daily you might loose money now, because it might range for a while before it decides a direction it wants to go, unless something major happens like some NEWS, but Monday is always not a NEWS day. So, I'm staying out, since I take my decisions on Daily TF. My 2cents.

Ayo.

Quoting SamuraiPower
Mhmm...monday..monday..monday..
I was looking at the price about 12 hours ago, and the daily chart says there is a major resistance at arround 1.4972 but I was too busy too post the chart, as u can see the price failed to break the level. IMHO as I analyze news, for me it has the second priority after PA, but if the news come when the price near the major resistance/support it will become a trigger to reverse in a big move, even Cad news can have a big impact on other pairs. This plain candle can gives us a little bit insight of what might happen...
  • #1,011
  • Apr 6, 2009 11:58am Apr 6, 2009 11:58am
Just info..
I trade based on daily chart and control it form the 4H chart.
Price always move in channel and respect support and resistance level, sometimes its hard to define the channel and support/resistance, but most of the time u can see it clear, u might find it usefull combining with this system to minimize loss, just learn it u will find it easy and simple.

I learn support/resistance here http://www.forexfactory.com/showthread.php?t=86429
read the PDF file coz its very good

and I learn how to draw trendline here
http://www.forexfactory.com/showthre...light=psiholog
its very good also

But dont make it difficult with lines all over the chart, just keep making it simple.

The only thing u need to be succesfull with forex is "Learn" and "$1000".

Regards,
Samurai Power
  • #1,012
  • Apr 6, 2009 12:12pm Apr 6, 2009 12:12pm
Quoting Jayman02
Oh so confused.... If I listen to El Dee's advice on post 937 then I let my long positions ride. If I let my emotions drive my decisions I cancel my positions now. Perhaps Samurai I need some clarification of your original post on how to drive this EA. It would be much appreciated.

Thanks
No dont be confuse, stick with daily TF and try follow it blindly (without emotion) u will find good result in the end of the month.
I just trying to minimize loss coz when the price reverse suddenly the daily template on my first post is late on recognizing it, as u can see now on GU, the HA and arrow is still not giving the reversing signal untill tomorrow candle occur, so I use 4H chart (but my prediction on 4H chart still might be wrong). So if u find it hard to apply to your strategy just follow my first post and advice from El dee. Cheers

Regards,
Samurai Power
  • #1,013
  • Apr 6, 2009 12:33pm Apr 6, 2009 12:33pm
Quoting sergiel
Once again the trend has done a 180 at opening of London session Monday. From now on myself, sitting out until Monday A.M. to determine trend.

Now the question is do I cut my losses (1000 pips) or hope it retraces before closing the orders. Ahh decisions, decisions.
Its happens to me also several times, I assume u trade in multiple pair. Just get through this difficult time and u will find whats the solution is ..


Regards,
Samurai Power
  • #1,014
  • Apr 6, 2009 12:48pm Apr 6, 2009 12:48pm
IMO, also we should analyze previous PA, big swing usually followd by consolidation and profit taking action. Last weeek there was big swing bcs of g20 meeting and today monday, time for profit taking action.

BTW, samuraipower u from japan or jawa ?
  • #1,015
  • Apr 6, 2009 1:19pm Apr 6, 2009 1:19pm
Hello all.

I and my sister(programmer) have been following your thread since the beginning and hope to contribute to it soon.
Just wondering if you really have a preference with limits. For example if you were to follow the hourly you might have 20tp and 50sl but daily you would do a 100/300.
Samurai I understand you do a100/300 following the daily with a check of the 4hr.
But today for example the 4hr may not be quick enough with the trend changes that happened. Has a set of TP’s and SL’s been really proven yet or is it still personal pref. for most?


Also…..
My sister is working on yet another addition to F-bird. One thought we had was to put a stop trading function in F-bird if stop loss was hit.

For example let say you picked e/u to go long today and you use 50tp50sl (or 100/100) as your limits.

Along as FB got in and won it would keep going. 1st loss would stop that pair and await a reset. This would also assume because you hit your SL that you had a trend change.
Sorry not a big fan on pipstep we been burned too many times in reverse trend market.

If you had 3(one or more) wins before one loss then lock in at least 100pips(50/50) and if you had 1win and 1 loss well you broke even and if you had one loss first well go back and figure out why you picked the wrong direction. Read trend wrong? Experts were wrong today? Bad Luck?

Any thoughts?


B-Cat
  • #1,016
  • Apr 6, 2009 1:25pm Apr 6, 2009 1:25pm
Quoting Alcazer
the daily trend has not been changed yet
Yep, I posted the charts because there're those who rely on the 4-hr TF for any hint of a change in the Daily's trend.
From the tips to the dips, it's all about the pips
  • #1,017
  • Apr 6, 2009 1:35pm Apr 6, 2009 1:35pm
Quoting sergiel
Once again the trend has done a 180 at opening of London session Monday. From now on myself, sitting out until Monday A.M. to determine trend.

Now the question is do I cut my losses (1000 pips) or hope it retraces before closing the orders. Ahh decisions, decisions.
Im like a kid that goes to the beach for the first time. On Sunday I have to jump in....I think you are correct, we need to wait for the candle change on monday Night here in the U.S. I closed all my trades for a loss that were opened last night but I will eventually catch the beginning of a trend make it all back.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #1,018
  • Apr 6, 2009 2:45pm Apr 6, 2009 2:45pm
Ollypips...

What settings are you using for the Yen fix version? Can you post your settings file?

Quote
Firstly Gasgas Thanks, I can gladly confirm that the yen fix version is superior to the v63g FB for Yen crosses. So for everyone that's the conclusion from my testing (confirming Gasgas findings).
  • #1,019
  • Apr 6, 2009 2:49pm Apr 6, 2009 2:49pm
Quoting bnbb2004
Thanks for sharing!

Could you someone please add an email alert to the Trend.mq4 indicator when the color changes?

TIA! :-)
I'll try and do that ASAP. I also want to see if this version of Trend can be modified because I discovered on M1 and M5 TFs that it repaints.
From the tips to the dips, it's all about the pips
  • #1,020
  • Apr 6, 2009 3:04pm Apr 6, 2009 3:04pm
When I went to bed the H4 on the EU/US was up so I left the FB to do it's thing. I woke up to a reversal and 4 open positions. I suppose Sunday and Monday trading might be too risky.
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