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

  • #1,261
  • May 4, 2009 1:36pm May 4, 2009 1:36pm
Quoting Actionpl
Hi, In version 1_3b, a function read in the object description if there is an Alert set, it will trig when the price go below or upper the trend which you have trace....
I see, so it will hedge the position in case of trend reversal.

So idea is to hedge the position if it is 50pips(5 digit) or 5 pips (4 digit) above the trend line and there is no more window?

What happens when the trend line is broken (special order is executed) and then price comes back under the trend line? It should not execute orders under normal conditions right? This would cause problems if it did since if trend line is crossed, chances are a new resistance has been set and it will cross the trend line again, which will cause you to lose money on the hedged (special order) position.

Jag
  • #1,262
  • May 4, 2009 2:17pm May 4, 2009 2:17pm
Can anyone tell how, if it possible, to attach an audible alert which sounds when an EA opens a trade?
Regards & Thanks
Koyco
  • #1,263
  • Edited 6:15pm May 4, 2009 4:54pm | Edited 6:15pm
Hi guys.
Thx for all your work
Just wondering, I am getting "to low divergence limit" in left top screen. What does that mean?
Tried version a and b with default now, they both opened a trade against the trend?? Do I have to make a LT to make them work? How do I do that?

thx again.
  • #1,264
  • May 4, 2009 5:00pm May 4, 2009 5:00pm
Hi there,

is it possible to do the following:

When attatch the EA to ie. a long trending pair (longs only), when the EA is initially attatched, can it be set so it takes a long trade immidetialy?

So we start with a trade instantly?

Thx

PC
Less is more...
  • #1,265
  • May 4, 2009 8:46pm May 4, 2009 8:46pm
Quoting sidhujag
I see, so it will hedge the position in case of trend reversal.

So idea is to hedge the position if it is 50pips(5 digit) or 5 pips (4 digit) above the trend line and there is no more window?

What happens when the trend line is broken (special order is executed) and then price comes back under the trend line? It should not execute orders under normal conditions right? This would cause problems if it did since if trend line is crossed, chances are a new resistance has been set and it will cross the trend line again, which will cause you to lose...
So idea is to hedge the position if it is 50pips(5 digit) or 5 pips (4 digit) above the trend line and there is no more window? Yes, You will be able to select any window that you like.

What happens when the trend line is broken (special order is executed) Yes and then price comes back under the trend line? It should not execute orders under normal conditions right? Right This would cause problems if it did since if trend line is crossed, chances are a new resistance has been set and it will cross the trend line again, which will cause you to lose money on the hedged (special order) position. Your righ again. That why it is a semi-automatic system. This process will give us more time to react and adjust to the new trend by closing trade or whatever you want. Overall it should reduce our drawdown.

ActionPl
  • #1,266
  • May 4, 2009 8:55pm May 4, 2009 8:55pm
Quoting ayoneeyee
So, If I may ask you, Actionpl, does the HAS still perform any significant funtion in the EA, it looks like the trendline does all the trade decisions now?. I believe that its initial function was to stop trade after color changed, right?, is that function still applicable in v1.3a and up?.

Ayo.
Hi, it all depend of your selection. If you select true for Manage_Trade, it will do a trade only in the same direction than your Heiken Ashi indicator.

I believe that its initial function was to stop trade after color changed, right? Yes and No, it will disable the trade only during time where price action is agains your setup. Ex. Manage_Trade=true, Heiken_Ashi_timeperiod=240 and index=1, it will prevent a trade if the previous bar is agains your position seting. If you drive long, it will take trade only during white bars.
is that function still applicable in v1.3a and up?. Yes
  • #1,267
  • May 4, 2009 9:00pm May 4, 2009 9:00pm
Quoting TheGabriel
With the last version, the strategy from the first post (the semiautomatic way) is changed? If so, what are the settings for that strategy (i mean by watching daily).
With the last version, the strategy from the first post (the semiautomatic way) is changed? NO If so, what are the settings for that strategy (i mean by watching daily), In version 1.3b, the default are the setting that SamuaiPower recommend in his post on page 83.

Bye
ActionPL
  • #1,268
  • May 4, 2009 9:04pm May 4, 2009 9:04pm
Quoting crt4x
Hi SamuraiPower,
Many thanks for this system. I've been demo your original Semi-Auto EA. Very nice, thank you.

I have a quick question. When I manual close trades that have been initiated by the EA, does it stop initiating trades? I manually closed trades about 3 hrs ago and it has not initiated any new trades. Many thanks if you could answer this for me.

crt4x
I can answer for SamuraiPower..
When I manual close trades that have been initiated by the EA, does it stop initiating trades? No I manually closed trades about 3 hrs ago and it has not initiated any new trades, It is all function of the price action. If you don't have the message trendBroken, it meant it is still looking for trades.
Bye
ActionPL
  • #1,269
  • May 4, 2009 9:09pm May 4, 2009 9:09pm
Quoting oddien
Hi guys.
Thx for all your work
Just wondering, I am getting "to low divergence limit" in left top screen. What does that mean?
Tried version a and b with default now, they both opened a trade against the trend?? Do I have to make a LT to make them work? How do I do that?

thx again.

I am getting "to low divergence limit" in left top screen. What does that mean? It mean that your variable "DivergenceLimit"is too low for the pair that you are looking at and for the existing price action. You can increase this value to a higher value if you want to trade more agressively.


Bye
ActionPl
  • #1,270
  • May 4, 2009 9:12pm May 4, 2009 9:12pm
Quoting pipcruiser
Hi there,

is it possible to do the following:

When attatch the EA to ie. a long trending pair (longs only), when the EA is initially attatched, can it be set so it takes a long trade immidetialy?

So we start with a trade instantly?

Thx

PC
Yes, this can be done, but it will go agains the FireBird philosophy of trading on retracement.

Bye
Actionpl
  • #1,271
  • May 4, 2009 9:17pm May 4, 2009 9:17pm
Quoting oddien
Hi guys.
Thx for all your work

Tried version a and b with default now, they both opened a trade against the trend?? Do I have to make a LT to make them work? How do I do that?

thx again.
FireBird will initate trade on retracement. As long it does not go agains your trend you let it run it is as simple as that. Read SamuraiPower post on first page.

Bye
Actionpl
  • #1,272
  • May 4, 2009 10:14pm May 4, 2009 10:14pm
Quoting Actionpl
I can answer for SamuraiPower..
When I manual close trades that have been initiated by the EA, does it stop initiating trades? No I manually closed trades about 3 hrs ago and it has not initiated any new trades, It is all function of the price action. If you don't have the message trendBroken, it meant it is still looking for trades.
Bye
ActionPL
Thanks Actionpl. I appreciate the response.
Keep on pippin'
crt4x
  • #1,273
  • May 5, 2009 2:54am May 5, 2009 2:54am
Quoting Actionpl
FireBird will initate trade on retracement. As long it does not go agains your trend you let it run it is as simple as that. Read SamuraiPower post on first page.

Bye
Actionpl
thx for ansver
I have read the first page, there you haveto check the trend and set it only long or only short.
But on the new version, shall I set it on long&short?
does it figure out the trend by it self, without any help from me?

Oddien
  • #1,274
  • May 5, 2009 4:00am May 5, 2009 4:00am
Thanks ActionPl, 1000 pips the first day with 4 pairs, I'll stick to this system. I think we only need a good margin even to trade just one pair because it could open more trades in the same direction (As happened in demo) and some practice in understanding the daily chart, then we can make a living from forex.
"Hate the sin, love the sinner." - Gandhi
  • #1,275
  • May 5, 2009 4:18am May 5, 2009 4:18am
Quoting TheGabriel
Thanks ActionPl, 1000 pips the first day with 4 pairs, I'll stick to this system. I think we only need a good margin even to trade just one pair because it could open more trades in the same direction (As happened in demo) and some practice in understanding the daily chart, then we can make a living from forex.

Hi Gabriel
Sorry for all my questions..
But what version are you using? are you setting up a TL that the EA is using?
Could u please give me some info on some settings and how you do it?
On my demo the 1_3b version opened first one sell and then 2 buy?? all are open still..

regard oddien
  • #1,276
  • May 5, 2009 4:40am May 5, 2009 4:40am
Hi again,

thank's for your reply.

I searched the thread, but couldn't find answer to this one:

Can I disable the DV limit function? Even I have set "Use V63 Divergence" to "false" I dont get any trades due to low Divergence.

I would like to disable the divergence, can I do that? II also tried to set it to 500, but still no trades (GJ).

Thank's in advance,

PC


Quoting Actionpl
Yes, this can be done, but it will go agains the FireBird philosophy of trading on retracement.

Bye
Actionpl
Less is more...
  • #1,277
  • May 5, 2009 5:30am May 5, 2009 5:30am
Hi everyone,

Well done on the work carried out till now by all contributors. I have been following this thread from early days, and lately I have been running a small live micro account on it as well. Very impressive strategy. Wish to confirm what other writers in this thread have stated over and over.......use discipline and have trust in your stop losses, keep emotion out of it.

A small feature which will assist in manual drive trading, is to display in the top corner of the screen, whether the EA has been set to Long, Short or Both. With staring at the screen, one starts doubting your settings for a currency and this results in repeated re-checks of the EA to check whether it was set correctly to long or short! Can this be amended?

Keep up the great work...........

Andy
  • #1,278
  • May 5, 2009 5:36am May 5, 2009 5:36am
Here's my statement, driving the ea only one day. The losses were only because I didn't understood that I had to set the Firebird (at last version) to place only Buy or Sell. Without the losses i think there are 1000 pips.
Attached File(s)
File Type: zip Statement.zip   2 KB | 668 downloads
"Hate the sin, love the sinner." - Gandhi
  • #1,279
  • May 5, 2009 8:48am May 5, 2009 8:48am
TheGabriel, nice work u have, keep learn specially when the major trend reverse, trendline will helps u a lot, and btw i only got +1300pips and +100pips floating on GU and EU with "Long Only" mode in 5 days trading.

Hi actionpl, thanks for covering the questions,a bit busy lately and its kinda hard for me to find a simple words and vocabulary to explain, need time to think which words to use ha..ha....

Regards,
Samurai Power
  • #1,280
  • May 5, 2009 9:57am May 5, 2009 9:57am
Hi all,

I'll repeat it again.

This is my Firebird-v63H04_Heiken_Ashi_Trend_vs1_3b setting modified by our good friend actionpl (its 5 digits platform setting)

TrendAnalisys: True
EmailAlert: False
PopUpAlert: False
Trendline_Watch: False
ChangeOrder: 1
Reduce_factor: 20
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 first chart below, divided by column A, B and C.
This is an explanation pic of general idea of Firebird EA with trendline combined.
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.

Look at the second chart.
That is a sample of trade I take untill now, on 29 April the arrow and and HA is in line showing an uptrend move (see the first white circle), and the previous candle shows pressure on downtrend to go up so I took "Long Only" mode, currently I gained +1300pips and keep moving. I lock the profit with trendline becouse when the price go down and touch the trendline then the EA will close opening position, if I put the trendline correctly then I will loss for only -300pips (see the 2nd white circle I draw), and I still got at least +1000pips in my bank right now. If the price keep moving up then I will keep gaining green pips, but if it goes down i will only loss arround -300pips (not much I guess). I only adjust the trendkine once a day, I dont trade news, I can still do other thing and have fun enjoying my life (mhmm ..I guess trading is so easy...). Unlike a fully automatic EA, doing this way the control is in our hand 100%, Keep pipin' guys.....

Here is the link on how to draw trendline for the EA.
http://www.forexfactory.com/showpost...postcount=1246

Here is a good link to learn where to put the trendline.
http://www.forexfactory.com/showthread.php?t=86429
Read the PDF file, its a must....


Regards,
Samurai Power
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