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

  • #1,081
  • Apr 10, 2009 5:03pm Apr 10, 2009 5:03pm
Quoting Namrettik
I have put a chart of the 4hr eurusd and the daily eur usd with the same trendline. If we would follow the rules above we would be closing all trades that are short per the 4hr chart.....but.....I think it would be premature..because the price action (PA) may just go up and bounce of the trendline I have drawn on the 4hr chart. The daily chart still shows a strong downtrend that may be just retracing. I do like the idea of shortening up the stops when the 4hr turns red or yellow, I will have to think about that. I like the idea of being able to...
Hi,
i think each pair will have his particularities and we will need to program it in such a way that each user will be able to experiment with different setting. Using the daily chart is too slow for me since it will have you hit the SL on many trades before you decide to change direction. As it happen this week. By the time we got the beginning of the second red daily Heiken Ashi indicator most of the retracement was done (open at 1.35698 and close @ 1.33620) So the trades open on the 3 of april were all call by the stop lost. That what happen to me. So i will prefer to find a strategy that will reduce my exposure to large drawdown by using the 4hr or ??
  • #1,082
  • Apr 10, 2009 5:26pm Apr 10, 2009 5:26pm
Quoting Actionpl
Hi Ayoneeyee, can you tell me what you mean by MTF and TF . I don't know all those acronyme..

Bye
I think they mean Multi-timeframe (MTF)....i.e. 60m 1hr 4hr 1day etc.

I think TF is simply timeframe.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #1,083
  • Apr 10, 2009 7:52pm Apr 10, 2009 7:52pm
Quoting Actionpl
Hi,
i think each pair will have his particularities and we will need to program it in such a way that each user will be able to experiment with different setting. Using the daily chart is too slow for me since it will have you hit the SL on many trades before you decide to change direction. As it happen this week. By the time we got the beginning of the second red daily Heiken Ashi indicator most of the retracement was done (open at 1.35698 and close @ 1.33620) So the trades open on the 3 of april were all call by the stop lost. That what happen...
I don't think you can automate with the THV3 Trend and the Heiken Ashi. I think alarms can be set to make you anaylze the chart but having the ea reduce SL and close trades would be good some trades and bad others. Sometimes price action (PA) is breaking out and sometimes it is simply retracing. I think you need to draw trendlines on the 4hr chart and watch for breakouts......or breakdowns.....I am sure there is an indicator that can be used to trigger an alarm if PA breaks the trendline.....I don't think you can get rid of human interaction to be profitable in forex....I like driving the firebird ea but it truely needs to be driven...consitantly.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #1,084
  • Edited 12:51am Apr 11, 2009 12:34am | Edited 12:51am
Quoting SamuraiPower
My idea is just a suplement to this system, but we need a programer to do this, I hope coders will help us on this.
Ok...I am thinking about giving a trendline as an area to control wether the EA still trade or not, for better understanding I think u guys should watch this video first (or maybe u watch it already)

http://www.forexbrace.com/content/view/187/77/

Let me give u an example on the daily chart below,
On a short trade or in a downtrend market u draw the trendline to give the EA an area to trade or not (to make it easy, draw...
Here is a "freehand" trendline alert indicator. This was formerly an EA that was converted to an indicator. I think this is something that could be programed into the EA. When the trendline is broken an alert signal is received by the EA to close the trades. This indicator does not work on the strategy tester. You can draw as many trendlines as you want on your chart and it will send email or popup or sound alerts. I am going to use it along with the heiken ashi and the THV3 Trend Alert. Here is the link with the instructions.

http://www.forexfactory.com/showthread.php?t=15197

Samurai I think this is what you were looking for.

P.S. I just found a modified version that lets you set alerts for all kinds of lines. i.e. fibs, tl , rectangles circles etc.
Attached File(s)
File Type: ex4 Alerter4U.ex4   8 KB | 618 downloads
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #1,085
  • Apr 11, 2009 7:55am Apr 11, 2009 7:55am
Quoting Namrettik
I don't think you can automate with the THV3 Trend and the Heiken Ashi. I think alarms can be set to make you anaylze the chart but having the ea reduce SL and close trades would be good some trades and bad others. Sometimes price action (PA) is breaking out and sometimes it is simply retracing. I think you need to draw trendlines on the 4hr chart and watch for breakouts......or breakdowns.....I am sure there is an indicator that can be used to trigger an alarm if PA breaks the trendline.....I don't think you can get rid of human interaction to...
Agree with you on the trend line. The indicator that you have find could be a portion of the answer. I will study it to see what we can do with it inside the Firebird. This will go inline with Samurai idea.
I just want to find a autopilot for the driving and let us some more free time.
  • #1,086
  • Edited 12:13pm Apr 11, 2009 9:03am | Edited 12:13pm
Quoting Actionpl
Agree with you on the trend line. The indicator that you have find could be a portion of the answer. I will study it to see what we can do with it inside the Firebird. This will go inline with Samurai idea.
I just want to find a autopilot for the driving and let us some more free time.
I am going to back test this idea against the rules in the first post for the period 1/2/09-4/10/09.

I will run the data two ways.

#1 - Entry will be the next candle after the 5/8 EMA indicator forms arrow and exit will be when the Heiken Ashi Candle changes color. This means that trades could run over the weekend.

#2 - Entry will be the same as #1 but with this exception. Trades will start at 0 GMT Monday if rules are met as in post#1 of this thread. Exit#1 - all trades will be closed manually on Friday by end of business day broker time.. Exit#2 - all trades for a currency pair will be closed if the 4 hr trendline is broken. The idea is that if the 4hr chart is only retracing it will not break the trendline. If it breaks the trendline then close all trades for the currency pair. The heiken Ashi and the THV trend still are needed as there are certain market conditions where the trendline will not be the best indicator to close trades. The trendline will help for extreme market reversals where the Heiken ashi and the THV3 trend help to show market momentum slowing and give you time to react.

Hopefully will be able to post this by monday. I will try to put in on an excel spreadsheet.

Namrettik
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #1,087
  • Apr 11, 2009 9:18am Apr 11, 2009 9:18am
I'm a newcomer and I've been reading about your system. It looks like it has some wonderful potential and I'm starting to try it.

My only problem is I've read most of your posts and I'm a bit confused on what the final system is at this point in time for me to start.
I realize your still making changes. But if someone could put up a zip with some instructions and/or settings I hope to be able to help with my results.

Thank you all in advance.

cwave
  • #1,088
  • Apr 11, 2009 12:12pm Apr 11, 2009 12:12pm
Nam.

Following this also VERY carefully, as I feel it has a lot of potential. Sadly I am not a programmer , so cannot help you there, but what you mentioned above certainly makes sense. Getting the right thought together is half the job, we say in engineering.

Things that might help you in getting the right matters together:
Testing on the charts:

Attached Image (click to enlarge)
Click to Enlarge Name: freddyfx firebird setup.gif Size: 55 KB


3 level ZZ Semafor
Super Signal v3d
NonLagMA v5
iPanel TREND

First Frame:
GMACD Signals

Second Frame:
Digistoch

Third Frame:
Color Stochastic

Hope this helps you in any way.
Cannot really test much without a live market and have NEVEr gotten to using a similator.

Email me if you need anything.
  • #1,089
  • Apr 11, 2009 12:24pm Apr 11, 2009 12:24pm
Quoting Freddyfx
Nam.

Following this also VERY carefully, as I feel it has a lot of potential. Sadly I am not a programmer , so cannot help you there, but what you mentioned above certainly makes sense. Getting the right thought together is half the job, we say in engineering.

Things that might help you in getting the right matters together:
Testing on the charts:

Attachment

3 level ZZ Semafor
Super Signal v3d
NonLagMA v5
iPanel TREND

First Frame:
GMACD Signals

Second Frame:
Digistoch

Third Frame:
Color Stochastic

Hope this helps you...
The trick to this whole Firebird system is balancing the pip step, take profit and being consistant with entry and exit rules....I am in the middle of testing and already see some new ideas....I will keep everyone posted. I wish you could set the simulator to the exact time of day to start and stop rather than having to start at GMT 0. Another need would be to have it stop on a certain price...any suggestions?

If anyone knows how to do this please post.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #1,090
  • Apr 11, 2009 12:38pm Apr 11, 2009 12:38pm
Quoting cwave
I'm a newcomer and I've been reading about your system. It looks like it has some wonderful potential and I'm starting to try it.

My only problem is I've read most of your posts and I'm a bit confused on what the final system is at this point in time for me to start.
I realize your still making changes. But if someone could put up a zip with some instructions and/or settings I hope to be able to help with my results.

Thank you all in advance.

cwave
Use the templates, indicators and EA on the first page of the post. If you need additional indicators please send me a PM.

Here are my settings for a 4 digit broker........

Settings:
MA_length=10
MA_timeframe=15
MAtype=1
Percent=0.1
TradeOnFriday=1
slip=10
Lots=0.1
TakeProfit=100
Stoploss=300
Fast_Period=23
Fast_Price=1
Slow_Period=84
Slow_Price=1
DivergenceLimit=0.002
Use_V63D_Divergence=false
PipStep=40
IncreasementType=0.00000000
DVLimit=10
PipsGoal=500
PipsLoss=500
GMT=0
DST=0
OpeningHour=0
ClosingHour=24
writelog=0

All others are default
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #1,091
  • Apr 11, 2009 4:26pm Apr 11, 2009 4:26pm
Quoting Namrettik
Use the templates, indicators and EA on the first page of the post. If you need additional indicators please send me a PM.

Here are my settings for a 4 digit broker........

Settings:
MA_length=10
MA_timeframe=15
MAtype=1
Percent=0.1
TradeOnFriday=1
slip=10
Lots=0.1
TakeProfit=100
Stoploss=300
Fast_Period=23
Fast_Price=1
Slow_Period=84
Slow_Price=1
DivergenceLimit=0.002
Use_V63D_Divergence=false
PipStep=40
IncreasementType=0.00000000
DVLimit=10
PipsGoal=500
PipsLoss=500
GMT=0
DST=0
OpeningHour=0
ClosingHour=24
writelog=0

All others are default...
Thank you for your direction in this matter.

One quick question I have two EAs one is the "Firebird-63HO4 (EA) 5 Digit Platform" and another "Firebird v63g trader seven".

I have no idea how I ended up with two but should I stay with the Firebird-63HO4 (EA) 5 Digit Platform.

Thanks again for the help and I can't wait for the market to open this week to try this out.

Regards,
cwave

P.S.
I've been watching this Feed and these guys hit some pretty good trades if anyone is interested. It free and here's the link.

http://feeds2.feedburner.com/FX360Te...sis?format=xml
  • #1,092
  • Apr 11, 2009 5:20pm Apr 11, 2009 5:20pm
Quoting cwave<br /> P.S.<br /> I've been watching this Feed and these guys hit some pretty good trades if anyone is interested. It free and here's the link.<br /> <br /> [URL
http://feeds2.feedburner.com/FX360TechnicalAnalysis?format=xml[/url]
Hi Cwave, thanks for this links it could be a great help for our driving skill.

Bye
  • #1,093
  • Apr 11, 2009 6:59pm Apr 11, 2009 6:59pm
MTF - Multi TimeFrame
TF - TimeFrame

TIA

Quoting Actionpl
Hi Ayoneeyee, can you tell me what you mean by MTF and TF . I don't know all those acronyme..

Bye
  • #1,094
  • Apr 12, 2009 5:11pm Apr 12, 2009 5:11pm
Buy EUR / USD at 1.3214
Set your target at 1.3336
Set your stop loss at 1.3184
At 1.3259 Move your Stop loss to Breakeven

Short sell EUR / USD at 1.3136
Set your target at 1.3014
Set your stop loss at 1.3166
At 1.3091 Move your Stop loss to Breakeven


Put both in at the same time as buy and sell stops.

Good Luck,
cwave
  • #1,095
  • Apr 12, 2009 5:40pm Apr 12, 2009 5:40pm
Quoting Namrettik
Here is a "freehand" trendline alert indicator. This was formerly an EA that was converted to an indicator. I think this is something that could be programed into the EA. When the trendline is broken an alert signal is received by the EA to close the trades. This indicator does not work on the strategy tester. You can draw as many trendlines as you want on your chart and it will send email or popup or sound alerts. I am going to use it along with the heiken ashi and the THV3 Trend Alert. Here is the link with the instructions.

http://www.forexfactory.com/showthread.php?t=15197...
Thx Nam, i like trendline & S&R line and yes I find it very usefull, hopefully I will find the EA with firebird engine combine with this indis to have a stop function if the price break a trendline. Thx..

Regards,
Samurai Power
  • #1,096
  • Apr 12, 2009 10:16pm Apr 12, 2009 10:16pm
Quoting SamuraiPower
Thx Nam, i like trendline & S&R line and yes I find it very usefull, hopefully I will find the EA with firebird engine combine with this indis to have a stop function if the price break a trendline. Thx..

Regards,
Samurai Power
Hi Samurai,
i'm studying the object oriented code in order to incorporate your idea and the Alerter code(provided by Nam) into the EA. I'm not familiared with this type of code so it will take some time to understand it and debug. I will let you know when i will have a prototype to test.

Bye
  • #1,097
  • Apr 12, 2009 10:34pm Apr 12, 2009 10:34pm
Hi, i'm very new to this ea style working. if i set on the ea on my chart and the icon is smile, is it will open the position or not if i shut down the computer... need i to turn on the computer 24 hour? what i can see it's only takes the position when i on the computer only.. anyone can help to answer me..
  • #1,098
  • Edited 2:57am Apr 13, 2009 1:40am | Edited 2:57am
Quoting Actionpl
Hi Samurai,
i'm studying the object oriented code in order to incorporate your idea and the Alerter code(provided by Nam) into the EA. I'm not familiared with this type of code so it will take some time to understand it and debug. I will let you know when i will have a prototype to test.

Bye
Yes Actionpl, the combine of "firebird" EA engine and drawing line "Allert" indis will provide us more safe way to drive. Coz our concern here are:

"what if we are not in front of the screen when the trend reverse?", and
"How much the cost that we have to pay when we miss the trend reversal?"

And for most of us it's difficult to sleep peacefully with the EA running and worrying if the trend reverse, tell me if i'm wrong.

This idea will answer those question and worriness, coz we define the "Trade Area" and "Not Trade Area" for the EA to run, with "stop" function and "close all trade" option we will cut drawdown very significant.

And for newbie
One more thing, Bank's is the major player in forex, NOT US, coz they hold the money in a very large quantity, when they put the money in then the market will react, when they want the trend up then they will do that and vice versa, they dont like if we won, they will do anything to get our money, so be sure to follow them if we want to profit consistantly, and guess what they are using to play the market? the answer is "LINE", S&R line, fibonacci and trendline, they dont use indicator coz its lag and repaint, so u better read this pdf article coz its a good way to start.

Quoting gasgas
Hey fren,
Im starting to use PA and S/R lines before any indicators. They don't repaint and lag, and a lot of profesionals use only that to earn in fx world. There is no magic indicators to tell us exactly when to exit or enter.
......

So the combined EA will prevent them from taking our green pips, keep riding them but we have a prevention tool when those major player go against us, and importantly get rid of emotion part to make driving a lot easier.

Actionpl,.. personally I thank so much u for willing to code my idea, and also for Nam and ollypips for inspiring me.

Regards,
Samurai Power
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 24 KB
Attached File(s)
File Type: pdf BRV_S+R_Trading_210808.pdf   879 KB | 731 downloads
  • #1,099
  • Apr 13, 2009 1:50am Apr 13, 2009 1:50am
Quoting Roselyn
Hi, i'm very new to this ea style working. if i set on the ea on my chart and the icon is smile, is it will open the position or not if i shut down the computer... need i to turn on the computer 24 hour? what i can see it's only takes the position when i on the computer only.. anyone can help to answer me..

Yes roselyn, the EA will only run if your computer and internet connection is on, the solution is by putting your platform into a server then you can free to turn your computer off.

Regards,
Samurai Power
  • #1,100
  • Apr 13, 2009 8:41am Apr 13, 2009 8:41am
Quoting Actionpl
HI Namrettik,...
Hi to everybody who used those EA with the alert function. Please change your version to this corrected version vs1. The old one will produce alert many time in a given period of the Heiken Ashi.

Bye
Attached File(s)
File Type: mq4 FireBird_jpy_fix_Heiken_Ashi_vs1.mq4   31 KB | 465 downloads
File Type: mq4 Firebird-v63H04_Heiken_Ash_vs1.mq4   24 KB | 457 downloads
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