Semi automatic EA (Driven Version)

The Firebird 63H is for EUR/USD but I'm not sure what currencies the jpy is for.

Thanks,
cwave

Hi, i used the 63H for EURUSD ,GDPUSD and CADUSD for the JPY, i don't use it. Ask Namrettik, he is using it on some pair with JPY.

bye

Thanks a milliion pips...

This system resulted another +200 pips yesterday (monday 13/04). Here are the details:

Currency: EUR/USD
Bought: 1.31927
Stoploss: 1.28927
TakeProfit: 1.32927 (triggered)

Currency: GBP/USD
Bought: 1.47021
Stoploss: 1.44021
TakeProfit: 1.48021 (triggered)

I am using MTF CCI 14, THV Trend and In10tion newsreader for currency strength indication in H4 TF as main indicators (as suggested by Namrettik in post 1042).

-RJ1-

Yes RJ1,

I've tasted it too, i'm waiting for actionpl and maybe another humble programer to combine the code of EA and indis I posted earlier, hopefully we can minimize drawdown significantly and much easier to drive without emotion intach, it means that we can play bigger lotsize and douibling ouir acc in no time (yea I wish..)

Regards,
Samurai Power

Hi all,

Today 14/04/09, based on H4 TF, based on MTF CCI 14 and in10tion indicators on H4, I took long position for E/U and G/U. Until now, the EA already took 3 positions (2 E/U and 1 G/U). At the current moment, the situation not looking so good because both currencies are heading south.

E/U
Although the 4H Trix for E/U is now red in H4, I am not closing E/U position yet, because both CCI and in10tion are still positive. Both E/U trades are now about -40pips. I am waiting if the price bounce up in the M5 trendline.

G/U
4H Trix is now yellow but CCI and in10tion are still positive. So, I am not closing the trade yet. Currently -16pips. I am waiting if the price will bounce on M5 trendline.


Note: Why not close the trades when Trix shows yellow? This is experimental, I am trying to determine which indicators to be the main indicator to follow. We'll see the result.

Below are the trades taken by the EA.

Currency: EUR/USD
Bought: 1.33305
Stoploss: 1.30305
TakeProfit: 1.34305

Currency: EUR/USD
Bought: 1.32899
Stoploss: 1.29899
TakeProfit: 1.33899

Currency: GBP/USD
Bought: 1.48627
Stoploss: 1.45627
TakeProfit: 1.49627

Will post the result.

-RJ1-

These new ea's are for signals only correct,,,not automated. Do i have to draw trendlines or does the EA take care of that?

thanks all
bulls

Where can one get the MTF CCI 14 indicator shown by Namrettik?
(I've searched all over and can't seem to find it anywhere)

Here you go.

I Samurai, i have finally incorporate your idea with Namrettik idea.
This EA allow you to disactivate the trade if the Heiken Ashi is agains your driving condition (If Manage_Trade is = true). It will also stop all trading if it break the Trend line that you have manually draw on the Chart(if TrendAnalysis is true). Those features can be activated or disactivated by the EA property in the input folder.
To activate the Trend analysis, you need to establish a Trend line and you need to give it a description with the following format:
...XXXXX...YYYYY_ZZ
XX is for a trend line name (could be nothing)
YYYY need to be Alert (if you want the alert to be activated)
_ This caracter is required
ZZ The amount of pip that you want to have this alert activated
EX. My trendline Alert_20
This description of the trend line will activate an alert when price is in the range of 20 pip of your trend line. If you set up variable emailalert at true in the trendline analysis section of the EA input it will send you an email, Same for the popup variable.

To set this trendline description you need to double clic on the trendline, then right clic while having your cursor on the trend line, you will see a popup window with trendline properties, clic on trendline properties, you will have the popup window with the description field blank. Double clic on the description field and enter your alert as described above.

Once the trend line alert is triggered by price actions, the EA will not generate new trade anymore but will continue to monitor your open trades. To reset your EA, you need to enter into the EA property (F7) window and clic OK.

One more thing. With this version you don't need to have the 5 min chart display(you should not if you want to have a meaningfull trend). Select the timeframe on which you want to place your trendline and trace it.

For those of you who want to trade on an other timeframe than 5 min, you need to change the variable Chart_Time_Frame in the EA properties at the section for FireBird.

Hope their is no bugs in the code. Test it and let me know

I encourage people to let us know what will be the best parameters to produce positive Pips.

Have a good evening to all.

ActionPl

Hi Actionpl,

Thx a lot, i will find it very usefull, and u seems adding a few features that interesting to me. I'm testing it now and i will let u know the result.
Hate to be stupid again, never try this feature before, can u please explain how to fill email section in tools>option>email

SMTP server : ?????
SMTP login : ?????
SMTP Password : My email password
From : My email
To : My email

Im using yahoomail.
thx

Regards,
Samurai Power

Hi Samurai,

I think your smtp server for yahoomail can be googled, while the username is your userid and password is ur password.

Regarding this EA, when you drive short on aug 2008 it gets 3094 pips while the close - start of the trend shows 1067 pips because it opens new positions on the daily trend every 30-40 pips along the short trend. This means you are gaining pips exponentially rather than linearly. Is this correct? So assuming this is how it works, why do we need to complicate things and turn the EA off when the daily trend shows us it changed. It is easy to just reverse the condition and drive your shorts to longs automatically in code. Just do buys instead of calls and vice versa. I already did this in the EA and am testing it.

This is how I think it works, looking at the code:

start()

1) make sure orders < maxorders
2) Setup Pipstep
3) Check divergence < divergencelimit (why do we need this????)
4) Enter position
- this is the interesting part ( it checks moving avg and RVI to see if its a BUY or SELL, unless you set flag to ONLY BUYS or ONLY SELLS. And it only buys and sells every Pipstep Pips.
5) KeepTrackOfStopLoss(averageopeningprice)
These are the comments from the code on this step:
"
//----------------------- KEEP TRACK OF STOPLOSS TO AVOID RUNAWAY MARKETS
// Sometimes the market keeps trending so strongly the system never reaches it's target.
// This means huge drawdown. After stopping out it falls in the same trap over and over.
// The code below avoids this by only accepting a signal in teh opposite direction after a SL was hit.
// After that all signals are taken again. Luckily this seems to happen rarely.
"
- I'm not sure why we need this if we are only driving one way(can we delete this function?)


So what I did was between step 3 and 4 I checked with the trend indicator running on the daily chart to see if the trend is long or short then place all orders and buys and sells respectively every Pipstep Pips. This would basically allow it to run without interference EXCEPT for sideway trends, if the trend isn't Pipstep Pips big, then it will retrace and you will lose that money most likely. We can handle that if we can detect sideways trends from the trend indicator, or say after 2 stop losses just wait until we get to a trend that passes the Pipstep barrier then place your orders every Pipstep Pips.


Maybe I am misunderstanding the code, but this is what I get from it. The way you are driving it, it's not really Firebird but a manual EA that just places orders every Pipstep (40 Pips) in the direction of the trend you manually set.

Jag

The Firebird's job is to open first trade in good position,..here this FB EA does nice work. It opens trade acourding divergence...after that, its all about pip step, T/P and S/L settings.

Hello samurai u can find ur settings from yahoo webpage...
u must use same sttings u use in outlook or something like that.
server i think is mail.someserver.com
and login is your username

gasgas:

Well it seems to be a test between moving averages. In any case the test usually passes so it is has minimal effect.

Two things I think can improve on the EA:


-Start with lower T/P, so that it builds up as more orders come in every Pipstep. Idea is to have carry momentum forward (snowball effect). This will allow you to save money during non-trending times as you won't spend as much by the time you get to the peak and the trend changes.
-When the trend changes, cancel all orders. Most likely you are going to get a Stop loss anyways. This really depends on a good trend indicator, and if your indicator is set to HA indicator is set to daily with 1/2 settings its usually pretty good.
-Automatically switch between long/short version of this EA

I think this will allow you to atleast break even on non trending but make a bigger profit on large up/down trends. I am working on modifying the EA to test for these heuristics.

Jag

Hi, on the SMTP server: place your server name that you will find under your outlook express accompte. Go on the tool menue and accompte submenue and look at the mail folder. Reproduce your pop3.accompte information. If it is not setup, you will need to ask your internet provider to provide you the SMTP server for mail. You don't need to enter nothing on SMTP login and SMTP Password since your system is already log to the internet to run Metatrader.

bye

Hi, i have add some new features on this version vs1_1.
Now you can have the EA waiting for a pattern that you draw on the chart with trend lines. When price action will hit your trend line, it will start to trade normally. If it reverse and hit a second trend line it will stop trading as version vs1.

You can activate this trend watch feature by having variable TrendLine_watch set to true.

An other feature is you can have your stoploss reduce by a factor when the trendline is hit after trading normally. So if you set variable "Reduce_factor" at something different than zero, it will divide your stoploss value by the amount that you have enter. Ex. A stoploss of 3000 will become 1500 on a 5 digit broker.

Also this version have setup for a 5 digit broker.

Those feature should help us to have more free time and not look at the screen for pattern. So we can plan to enter trading when a specific pattern will be in place. So if it happen overnight, we will not miss it.
P.S. When we do this kind of pattern watching, we should have the EA ready to go long or short, at our next check, we can change it to the way we think it will for the next trend.

Have fun testing it. Hoppefully it will bring more pips to our accounts.

Bye
Actionpl

Hi Actionpl,

I run Firebird-v63H04_Heiken_Ashi_Trend_vs1.mq4 since yesterday, I draw the trendline on 4H chart just like the pic below,
I do not put the EA on 5Min chart coz I set the input "Chart_time_frame" to 5M and drive the EA "Long only",
"Trendanalisys" set to true
"Manage_trade" set to true
"Heiken_Ashi_Timeperiod" set to 1440 (daily).
The above trendline are is the area i wish to trade, and below trendline area is where the EA stop trading untill I adjust the EA and trendline again.

am i doing the right way? coz since yesterday it doesnt open trade.
I compare it with FB.v63 original on EU it was open trade, but FB.v63H04 Haiken Ashi trend didnt open trade since yesterday on GU (based on my experience FB.v63 original will open trade with that kind of candle formation).
or maybe its design for 4 digit broker only? coz im using fxpro 5 digit platform.
Need an explanation, much better with pic illustration, thx actionpl.

Regards,
Samurai Power

Now I'm testing the vs1_1

Regards,
Samurai Power

Hello Actionpl
Firebird - v63H04_Heilen_ashi_Trend_vs1_1 will be prompted to set the time: bad hours will be how to set up correct?