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Semi automatic EA (Driven Version)

  • #1,221
  • Apr 29, 2009 6:35pm Apr 29, 2009 6:35pm
Quoting SamuraiPower
HI Actionpl,

Does the "Reduce_factor" features still work when it happen?
on vs1_3a I set trend_watch and pop up alert to false everything seems to work ok.


Regards,
Samurai Power
Hi, the "Reduce_factor" will only work if the trend alarm was hit. So if the price action is too large between two pip, it will go through it whithout trigging it. That what happen to me. So that why i recommend to put an alarm larger than 40 for a 5 digits broker for now.

What do you think of my proposal for vs1.4?? Is it worth the effort?

Actionpl
  • #1,222
  • Apr 29, 2009 6:50pm Apr 29, 2009 6:50pm
Hi Actionpl
Sounds good.

This EA is becoming more and more complex, but with a point by point guidance how to set the different values it shouldn't be a problem. It is good also that you and others have cleaned out some obsolete functions.

I could also imagine some way for the EA to take positions WITH the trend when a currency cross is trending strongly - something that sort of 'kicks in' when an MA slope is steep, and disengages when the same MA flattens out... (since normally it takes positions during retracements, and in a strong trend the retracements are not big enough...)

Wishful thinking? That's because I suck at programming!

D
  • #1,223
  • Apr 29, 2009 7:03pm Apr 29, 2009 7:03pm
hi actionpl,
in that case i think we should have the vs1_4, coz the trendline is the major idea, thx actionpl.

regards,
samurai power
  • #1,224
  • Apr 29, 2009 10:10pm Apr 29, 2009 10:10pm
Quoting qba
Hi,
I have been dealling with different versions of Firebird for a while already with actually no succes. I have ran through this thread and found the idea of manual driving the EA very interesting and in fact the most profitable of all I've tried so far. Anyway seeing Your work to make the EA fully automatic I started to think about EA's in totally different perspective. I might be totally wrong however I think it might be worth a try, not only with Firebird but with other EA's as well.
Since most EA's evetuallly fail I started to think what...
Hi qba, before changing code, you can do a paper exercise by having the EA place the trade and do manually the inverse trade and see what kind of result your are going to have over a three months period. You can use the simulator to do it. Go on View menue of Metatrader and selec "Strategy tester"

I think it will be much more complex than changing the order the way you are thinking to do. Since you are going to go agains the trend most of the time.
As everybody is saying "The trend is your friend" don't fight it...

Bye
  • #1,225
  • Apr 29, 2009 10:20pm Apr 29, 2009 10:20pm
Quoting SamuraiPower
hi actionpl,
in that case i think we should have the vs1_4, coz the trendline is the major idea, thx actionpl.

regards,
samurai power
I will start to think about how to do it.
The first thing i will look at is to detect Tren_UP or Trend_Down. When the EA can detect it whithout degrading vs1.3a, i will release vs1.3b.

It will take some time to write the code and debug since i'm quite busy righ now. An other benefice that i can think of is this new feature will protect us again gap openning. The EA will stop trading if the price open below for a up trend and above for a Down trend for any reason.

Bye
  • #1,226
  • Apr 29, 2009 10:28pm Apr 29, 2009 10:28pm
Quoting Divyendu
Hi Actionpl
Sounds good.

This EA is becoming more and more complex, but with a point by point guidance how to set the different values it shouldn't be a problem. It is good also that you and others have cleaned out some obsolete functions.

I could also imagine some way for the EA to take positions WITH the trend when a currency cross is trending strongly - something that sort of 'kicks in' when an MA slope is steep, and disengages when the same MA flattens out... (since normally it takes positions during retracements, and in a strong trend the...
Hi Divyendu, i think this kind of automatisation is not sucessuful on a long run since market condition change and when we establish the algorithm to trade it is good only for the conditions that we have study. So i think as Samurai on this subject, it is much better to have tools that help our trading. The decision stay with us to decide if the MA or other indicator are steep enough to initiate a trade or wait.

Bye
  • #1,227
  • Apr 29, 2009 11:16pm Apr 29, 2009 11:16pm
Quoting Actionpl
Hi Divyendu, .......i think this kind of automatisation is not sucessuful on a long run since market condition change and when we establish the algorithm to trade it is good only for the conditions that we have study. .....
Bye
Yes the market is changing overtime so when its not fit with the current market changing then we have to re-code the EA again to adjust with the current market (for me re-coding the EA is an imposible task), and that will happen every time the market changing, tweking and tweaking again and it will last forever. I dont think I want to do that, and neither for someone like actionpl who has coding skill is willing to do that.

Quoting Actionpl
...... it is much better to have tools that help our trading. The decision stay with us to decide if the MA or other indicator are steep enough to initiate a trade or wait.
Bye
So I came up combining the EA with trendline (thanks to actionpl) that for most of us is easy to draw and all of proffesional trader with consistent profit are using trendline, S&R line. We can adjust the current market condition with just only draw a new trendline according to the current market, and its only take 5 minute to do that without to re-code the Firebird engine again.
This is how we can ride the trend while digging lots of green pips and automaticly jump off the car when the trend against us. It means minimizing drawdown, and we can have a bigger lot size to trade, it means larger profit, it means we can double our account easily.
Hopefully u guys can catch the idea, it is not changing the system on my first post but to add a suplement on how we can drive it much easier without emotion intach and much controlable.

Regards,
Samurai Power
  • #1,228
  • Apr 30, 2009 12:51am Apr 30, 2009 12:51am
Samurai, great work it seems like a really good system, especially for people who are busy during the day.

I wonder if it is possible for the system to 'recognise' a trendline that I have pre-drawn so that if that trendline is breached it will initiate an order?
  • #1,229
  • Apr 30, 2009 4:40am Apr 30, 2009 4:40am
How are you all doing? I don't post much anymore but this is still my #1 thread. I must admit, that I lost myself in all EA upgrading, but wish you all best to achive what will work for you best.
Below is a template that I use and nothing more. And a signal that I would take (I did take). I close all trades within 24hours, usually before NY open, that way things can't get out of control. It depends what news is coming up, but usually I don't trade in major news (reds). I started to study candle patterns more intense, combining with S/R lines, current trend....I make desision! Divergence I don't trade - just not against it. PA is not so hard to understand, thats why good traders say TRADING CAN BE VERY EASY. Hell, mabey they are right. much logic is in PA, and if trading that makes sence, then it should be profit on the long run. So far, this works for me, I manage to pull +1200pips live this month and that's not bad for conzervativ like me

Here is a link for Forex Control Center program, very good manager program for your account. I think everyone should have it:
http://www.brothersoft.com/forex-con...ad-181450.html

If having truble importing data to FXCC, let me know...will help

Much success...
Regards
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  • #1,230
  • Apr 30, 2009 12:49pm Apr 30, 2009 12:49pm
Hi gasgas fren,

Nice, i always hear a good news from u, yes learning PA, S&R line, trendline is not hard.
I'll try to sumarizze what we are doing here but after its finish so we can start to using it and others can understand it easily.
Good luck my fren...

Regards,
Samurai Power
  • #1,231
  • May 1, 2009 6:40am May 1, 2009 6:40am
Hello friend Samurai,

Yes, that works for me just fine, and if you guys manage to make it even better, thats great. I have a filling trading this way that we do, can be all we need for profiting in fx.

Nice weekend all...

P.s. Here you go olly...
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  • #1,232
  • May 1, 2009 8:28am May 1, 2009 8:28am
I am certain this question has been raised before. I have been testing the Firebird EA’s on demo for several weeks now and they seem to produce a small steady profit but the one thing I notice almost without exception the a new position always goes considerably against the required direction, anything up to 80 pips, before returning to a profitable position. So my question is it possible to set this EA to open its positions in the opposite direction to the EA’s intended trade?
  • #1,233
  • May 1, 2009 12:43pm May 1, 2009 12:43pm
Quoting Koyco
I am certain this question has been raised before. I have been testing the Firebird EA’s on demo for several weeks now and they seem to produce a small steady profit but the one thing I notice almost without exception the a new position always goes considerably against the required direction, anything up to 80 pips, before returning to a profitable position. So my question is it possible to set this EA to open its positions in the opposite direction to the EA’s intended trade?
I, you are the second requesting this feature. You need to realize that you are going to trade agains the trend. This will produce good results when trend reverse but during a given trend it will be agains the trend and it has been demonstrated many time that is not the way to trade.
What i suggest is to do what i have recommend to qba.

"you can do a paper exercise by having the EA place the trade and do manually the inverse trade and see what kind of result your are going to have over a three months period. You can use the simulator to do it. Go on View menue of Metatrader and selec "Strategy tester""

Try it and let us know, perhaps this FireBird EA will produce a profit. IF your experience is profitable, i can add a swith to inverse the trade that the EA will do normally. It is not very complex to do but before introducing this strategy in this forum and produce more confusion, we will need more data that demonstrate the validity of this concept and the support of Samurai.

Best regards
  • #1,234
  • May 1, 2009 10:09pm May 1, 2009 10:09pm
Hi Actionpl,

I believe this EA:Firebird-v63H04_Heiken_Ashi_Trend_vs1_3a is the latest that you all are using now.Do you have a manual on how to input the parameters of this EA, as i am quite new to using EA?

Quoting Actionpl
I, you are the second requesting this feature. You need to realize that you are going to trade agains the trend. This will produce good results when trend reverse but during a given trend it will be agains the trend and it has been demonstrated many time that is not the way to trade.
What i suggest is to do what i have recommend to qba.

"you can do a paper exercise by having the EA place the trade and do manually the inverse trade and see what kind of result your are going to have over a three months period. You can use the simulator to do it....
  • #1,235
  • May 2, 2009 1:42am May 2, 2009 1:42am
Hi tjsun80,

This is my Firebird-v63H04_Heiken_Ashi_Trend_vs1_3a setting..

TrendAnalisys: True
EmailAlert: False
PopUpAlert: False
Trendline_Watch: False
ChangeOrder: 1
Reduce_factor: 2
ManageTrade: False
HeikenAshiTimeperiod: 240
Index: 1
Email: False
ChartTImeFrame: 5
MA_length: 10
MA_Timeframe: 15
MAType: 0
Percent: 0.01
TradeOnFriday: 1
Slip: 100
Lots: 0.1
MaxOpenOrders: 5
SafeArea: 50000
Pipstep: 400
TakeProfit: 1000
StopLoss: 3000
Trailing StopFlag: False
Trailing Stop: 500
TSTrigger: 200
MinMarginLevel: 250
TradeFrom1: 0
TradeUntil1: 24
Fastperiod: 23
FastPrice: 1
SlowPeriod: 84
SlowPrice: 1
DivergenceLimit: 0.005
Use V_63D_Divergence: False
IncreasmentType: 0
DVLimit: 10
PipsGoal: 5000
PipsLoss: 5000
GMT: 0
DST: 0
OpenigHour: 0
ClosingHour: 24
Writelog: 0

Look at the chart below, divided by column A, B and C

On Column A
It was a downtrend (Drive Short Only) and the trendline devide between the trade area and not trade area, when the price touch and break the trendline the EA will devide the SL on the opening position by the Reduce_factor variable and then the EA will stop untill we activate the EA again. See the circle No.1

Its the same on column B and C depends on trend direction.

Regards,
Samurai Power
Attached Image (click to enlarge)
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  • #1,236
  • May 2, 2009 1:59am May 2, 2009 1:59am
Hi Actionpl,

I still dont have experience missing the Alert when the price hit the Trendline fastly, but i do worry when its happen on live, are we moving to vs1_4?

Regards,
Samurai Power
  • #1,237
  • May 2, 2009 4:49am May 2, 2009 4:49am
Hi Samurai ,

Great, Thanks to you.
I will give it a try on the settings and let you know if any problem..

Thanks.

Quoting SamuraiPower
Hi tjsun80,

This is my Firebird-v63H04_Heiken_Ashi_Trend_vs1_3a setting..

TrendAnalisys: True
EmailAlert: False
PopUpAlert: False
Trendline_Watch: False
ChangeOrder: 1
Reduce_factor: 2
ManageTrade: False
HeikenAshiTimeperiod: 240
Index: 1
Email: False
ChartTImeFrame: 5
MA_length: 10
MA_Timeframe: 15
MAType: 0
Percent: 0.01
TradeOnFriday: 1
Slip: 100
Lots: 0.1
MaxOpenOrders: 5
SafeArea: 50000
Pipstep: 400
TakeProfit: 1000
StopLoss: 3000
Trailing StopFlag: False
Trailing Stop: 500
TSTrigger: 200
MinMarginLevel: 250
TradeFrom1: 0
TradeUntil1: 24
Fastperiod:...
  • #1,238
  • May 2, 2009 9:32am May 2, 2009 9:32am
i believe when we use trendline we can reduce drawdown for a max -500pips when the price hit the trendline while we can gain pips up to 400pips per pair per day.
  • #1,239
  • May 2, 2009 12:30pm May 2, 2009 12:30pm
Quoting SamuraiPower
Hi Actionpl,

I still dont have experience missing the Alert when the price hit the Trendline fastly, but i do worry when its happen on live, are we moving to vs1_4?

Regards,
Samurai Power
Hi SamuraiPower, i've completed the code and i'm testing it. In simulation it seem to work very good. It will be ready for next week trading scessions.
What i will release is a 100% safe way to stop trading if the price go agains our trend, even if it gap above or below our trend at the openning or when a news come out. This will be vs1.3b, it will have the same feature that vs1.3a have. So even if people use vs 1.3b with the same setup as vs1.3a, it will react the same way than vs1.3a.
For vs 1.4 it required still more programming. (Version 1.4 will allow us to initiate a trade when a trend line is broken and if we put inside the description "Trade_"

bye
  • #1,240
  • May 2, 2009 6:07pm May 2, 2009 6:07pm
Quoting Actionpl
Hi SamuraiPower, i've completed the code and i'm testing it. In simulation it seem to work very good. It will be ready for next week trading scessions.
What i will release is a 100% safe way to stop trading if the price go agains our trend, even if it gap above or below our trend at the openning or when a news come out....
I haven't checked the code but how are you checking to see if the price crosses the trend line?

If its just a vector its trivial to see if price crosses the vector.

For 1.4 I thought this was already implemented? If you put "Trade_" in the description it will trigger trading until "Alarm_" trend line is crossed? Problem is sometimes you do not know when a trend is going to start and what it will look like so how would you know to draw a trendline a certain way?

Thanks,
Jag
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