Semi automatic EA (Driven Version)

Action nad Samurai you guys are really great, to put all the ideas together and trying to make best of it. I personally still and prefere to use old fashion way with PA, trendlines and blah blah manually...Will help testing new version on simulator this weekend if I will find the time. Hats off guys and thanks.


Regards,

Thanks SamuraiPower and contributors for your great methods.
I have been forward testing the original method for two weeks and have 1100 pips with no losses, so you have my attention.
I will re-read the posts, structure more forward testing and post the results.

Thanks again to all

Yes TTUniverse,

It works great spescially when u expert on recognizing the major trend on daily chart, but sometimes market reverse extreemly and eat our green pips alive, that what i'm affraid of. And sometimes emotion involved too much and thats makes us confuse especially in difficult market, reducing green pips that should've been in our pocket, or even minus. This idea will give us a "Walk Away System" according to a trendline that we specify to turn the EA off automaticly if the trend reverse suddenly so we can cut losses.

Gasgas,
I like EA, PA, TL, S&R line, and think we have the same interest, combining all of them, less stres, less screen time, less emotion, less drawdown, are my dreams. I am really eager to test it out with different setting and I will post the most profitable setting here, just wait for actionpl doing his great job for us all. thx actionpl.

Regards,
Samurai Power

Hi all, SamuraiPower, gasgas, Namrettik, Alcazer, and others. Hope you are well - haven't been here for a while.
I like the latest thinking about trendlines to either alert the trader, or automatically limit position opening.
In this regard, wouldn't it be good to have two classes of trendlines: one to halt the opening of new positions and one to kill off existing positions?
I attach an image to illustrate: The price action broke the 'halt new' trendline, but then went lower again. In this case the existing trades would not have been killed off, but if price would have hit the 'kill off' trendline they would have.
Awaiting your thoughts on this. And by the way: thanks to Actionpl for coding.
Good luck to all
D

I know we have discussed this option before and I still think this would be a good option for the trader to have. Can we add the close trade option to the EA. What do everyone else think.

Hi to all, Divyendu, this version can do pratically what you have proposed in customizing the variables.
Vs 1.3 include a Trailing Stop feature. For those of you who want to use it.
This feature does not work well in a none trending market. You need to have trend with a slope of at least 30 degree according to my experience.
It work this way: If variable "TrailingStopFlag" is set at true, the EA will analyse your trade and switch from Stoploss to a trailing stop when the following condition is met: If the trade is at "TStrigger" pips from your "TakeProfit" value, it will switch to a trailing stop according to variable "TrailingStop".

The other feature that will do most of what Divyendu is proposing is the following:
If variable "TrendAnalysis" and "ChangeOrder" are true, when the treend line with an Alert is hit, it will reduce the stoploss by a factor equivalent to what is in variable "Reduce_Factor" Exemple. You have a stop loss of 3000 and the trendline is hit. At the next tic, the Stoploss will be reduce to 1500 if you have set variable "Reduce_Factor" to 2. So, during the trading scession, we place a first trend line and wait, if it is hit, it will reduce your stop loss according to variable Reduce_factor. At this time this variable may be set at 2, it allow more freedom to the price action. At that point you can draw an other trend line (like Divyendu propose for his close) but this time you change the Reduce_factor to 20. So what will happen, the EA will place the stoploss at "slip" point away from the market. Variable "slip" is in the the Firebird section. The default value of "slip" is 100, if you put it to tight, the modify order will be rejected in high volatility price action.

Also in this version i have fix the problem associate to changing the time period while it was trading. So now you can do whatever you want with the chart and the EA is still using the chart time period describe in variable "Chart_Time_frame".

The last change is in the Status of the EA in Yellow at top of the screen, it represent the choice that you have made in the TrendAnalysis section.

Lastly: here the setup summary for different configuration
For vs G emulation.
Set all variables to false for TrendAnalysis, ManageTrade, TrailingStop and set variable "safearea" at 10,000.
For Vs H03: Set all variables to false for TrendAnalysis, ManageTrade and TrailingStop.
If you don't want to take any trade if the Heiken Ashi is agains your prevision set variable "manage_Trade" at true.
To activate Trend Analysis, set your variable "TrendAnalysis" at true.
Look at post of v1.1 and 1.2 to have more detail of how it work.
P.S. Make sure to set the description of your trend line as described in previous post in order to have this feature work. Also, once a trend line is hit, the Description is reset to remove the Alarm setup and you need to reinitialise the EA to get out of the "Broken trend" state.

Now we have a EA with an autopilot and alarms. As Samurai is saying, it should provide us with more free time and less preoccupation about what is happening on the market. But you need to look at your chart twice a day in order to do the adjusment required and optimize your trading strategy.

I did test those features and everything seem to work as plan. I count on you guys to test it even further in order to get all the bugs out.

Have a good trading week.

Actionpl

Actionpl,

Wow!!! Thanks for your hard work here. And thanks to Samurai and everyone else trying to make this EA better too.

This is a great thread.

Thanks again
rptrader

actionpl, u can count on me 100%, but im still at work, my pda still on reparation since a month ago, using my phonecell only to check the thread update, cant wait till i get back home to test it out. thx
regards,
samurai power

Hi Nam,

I think the EA have Close all position feature, if u set the variable "Manage_trade" to true then it will close opening position when Heiken Ashi candle close against our order. Or with trendline trigger, if u set the "Reduce_factor" to a higher number let say 20 times, then it will close all position at that spasific price+ "slip" variable. Hope thats help.

Regards,
Samurai Power

Hi actionpl,

Testing vs1_3 now, On EU daily chart, I put the EA and I drive "Short Only". I see a notification on the upper left corner on the chart. It says : "Trade disable - Waiting for trendline activation". I need suggestion, do we need to wait for trendline activation to allow the EA to trade eventhough Im in "Short only" mode and in the "Trade area"? Thx action

Regards,
Samurai Power

Hi. I may be interpreting this incorrectly but are you moving away from your approach on Trend detection of HAS & Signal Arrow to alternative approaches?

Thanks

Vimal

Hi, you have this status because you have set variable "Trendline_watch" and "TrendAnalysis" at true. In this case yes you need to set a trend line and when the market hit it, the EA will start to trade. Then you can have an other trend line to stop the EA if it goes again your position.

Try it with only "TrendAnalysis set at true" The EA will directly go trading and look for a trendline with an alert before stopping trading.

bye

Bye

Hi actionpl,

Oo..ok I got the wrong perception then.

So when i set "Trend Analisys" to true and "Trendline Watch" to false, does the EA reduce stoploss or close trades automaticly when the price go against me and touch the trendline?

So what is the correct setting if I want the FB engine directly to trade as long as my position is in the correct area without having a trendline for an activation to trade and when the price goes against me and touch the trendline the EA will reduce SL or close opening position automaticly? i.e just like on the pic on my earlier post. Thx

Regards,
Samurai Power

Thanks for your efforts. Will do some forward testing now.
D

Hi Actionpl

Any reason why magic number is not amongst ext values? I can't find the global variable that is supposed to create it. Is it created automatically? Will the EA ignore manual trades on the same chart?

Can't find the function 'ChangeOrder' [extern int ChangeOrder = ] in the code. Is that the one that halts new trades and alters TS on existing ones?

TrendAnalysis = true
Trendline_Watch = False
Manage_Trade = T

The following is my understanding and questions about the settings. I am still a little unclear about the settings of the ea. The above are my settings but I am not sure if it will open any trades. I have it running on the EURUSD and do not have any current trades open. I am short only on this currency pair.

My understanding is with trendAnalysis set to true it will stop trading when the trendline that I draw that has an alert set will stop trading when it hit that line. Is it also true that you can have as many trendlines on your chart as long as your trendline you are using as a no trade line are the only ones with an alert set on it. (ie. I have a diagonal trendline with an alert set for my trendline and a horizotal trendline as a close order line. In other words the ea will ignore the other trendlines on my chart and will only acknowledge trendlines with alerts set on them.

With Trenline_watch = false the ea will trade until it hits my trendline that has an alert on it.... If I set it to true, how exactly would you set this up. I am not sure how you would use this....

Manage_trade = T does this setting work the same was as Trendanalysis except that it is triggered by the Heiken Ashi Candle only.

Hi, i see that you did some work while i was working.
So for this question:
With this setup, The EA will reduce your trade(s) if it goes against your trendline with an Alarm in the description if your Variable "Reduce_Factor" is set to a number bigger than zero.

Bye

Setup should be
TrendAnalysis = true
Trendline_watch = false
Reduce_factor = 2, it can be any number different than 0. If it is 0, it will not change the stoploss. A setting of 2, it will reduce the stoploss by 50%.
bye

Hi Divyendu, yes the magic# is created automatically using this formula
int MagicNumber=0;
for (int i=0; i<5; i++)
{
MagicNumber=MagicNumber*3+StringGetChar(Symbol(),i);
}
MagicNumber=MagicNumber*3+Chart_Time_Frame;
return(MagicNumber);
So if is fonction of the symbol and the variable Chart_Time_Frame.

Will the EA ignore manual trades on the same chart?
Yes, unless you giveit a magic# that meet the formula above.
Bye

See my answer in bold character in the text below.

The following is my understanding and questions about the settings. I am still a little unclear about the settings of the ea. The above are my settings but I am not sure if it will open any trades. I have it running on the EURUSD and do not have any current trades open. I am short only on this currency pair.
Answer: Your understanding is right. If you want to force a trade in a rapid changing environment as today, you need to increase the "SaveArea" variable in the Firebird section.

My understanding is with trendAnalysis set to true it will stop trading when the trendline that I draw that has an alert set will stop trading when it hit that line. YES

Is it also true that you can have as many trendlines on your chart as long as your trendline you are using as a no trade line are the only ones with an alert set on it. (ie. I have a diagonal trendline with an alert set for my trendline and a horizotal trendline as a close order line. In other words the ea will ignore the other trendlines on my chart and will only acknowledge trendlines with alerts set on them. YES

With Trenline_watch = false the ea will trade until it hits my trendline that has an alert on it.... If I set it to true, how exactly would you set this up. I am not sure how you would use this.... Answer: With this variable set at true, the EA will wait to hit a trend line with an alert before starting to trade. Then it will act as if the Trendline_watch variable was set to false.

Manage_trade = T does this setting work the same was as Trendanalysis except that it is triggered by the Heiken Ashi Candle only.
No, Manage_Trade will do exactly what you have requested. It will prevent a trade in the direction agains your choice. according to Heiken Ashi indicator. Ex. It will trade only short if the candle is red. You can select on which time frame you want this indicator and you can select which candle you want to monitor by changing variable "Index". If you select the current candle, use 0. But make sure to set your email variable to false if you select the current candle. If you want the previous candle set it to 1.

Hope this clarify how this work.

Actionpl