Semi automatic EA (Driven Version)

Thanks.
The QQE indicator as you can see in the image posted here has 2 lines, you set the Firebird EA to only BUY if you have a cross of the red dotted line by the yellow one and the cross points up (SELL if it points down), a cross of the 50 line on the QQE indicator it's a major move.

QQE is very powerful on H4 chart too and on H1 you must check for 50 line crosses. However i'm using QQE just to better understand the price direction and set the EA to trade on that direction.

To set the EA BUY or SELL, use the Stochastic Divergence (up and down crosses) and watch the QQE to understand the direction on long term.

Watch the markets, are going wild right now.

Samurai and others

What do you think about the new NFA hedging rules, which comes into effect on May 15? IBFX have issued a notice that after May 8 they will not allow hedging on open orders within a currency pair.

Elovv

i dont know but i dont hedge using this system.

Hi..... I keep getting,,, divergence to low,,,,Its on the 5 min gpy/jpy,,,,thx

i saw the price moving down a bit few hours ago, nevermind im just having my fun time, my TL take care of everything. keep pipping..

You mean TrendLine_watch set to yes? I've set that too but i get "Trades disabled - Waiting for trendline activation".

In this post you've set it to false. Would you mind posting a .set file?

u can find it at the link below this text. if u set trendline watch to true then u have to wait the price touch the trendline to start trade, i want the ea start trading imidiately so i set trendline watch to false.

Today was a good chace to test the trndline function today on the EUR/USD . Worked well keep up the good work Action

Hi! all. My biggest problem is not the point of entry, it is when to get out of the trade without giving back what i had.

Heiken Ashi is for me a nice tool that help me to trail my Stops and maximize my profits without or less fear and greed (give the price a chance to get there).
In fact its kind of a dynamic SL: It will move the SL 1 or 2 pips on a HACandle and the next bar, the SL could move 6 to 7 pip or more. Its better then a static 20 pips trailing stop that you are sure to lose 20 pips at the end.

Here are some setting for externs variables (subjective).

Hardstop = (40) pip // Initial SL when the trade is open

MoveToBE = (20) pip // Will move the SL to BE if the trade have reach (x) pip but is still in opposite color

TakeProfit1 = (40) pip // Take first profit at (x) pip
TakeProfit2 = (60) pip // Take second profit at (x) pip
TakeProfit3 = (80) pip // Take Third profit at (x) pip
TakeProfit4 = break of the trailing step HA (close all remaining)

PercentClose1 = (25) % // Close (x) % of the trade after first TakeProfit1 is reach

PercentClose2 = (25) % // Close (x) % of the trade after second TakeProfit2 is reach

PercentClose3 = (25) % // Close (x) % of the trade after third TakeProfit3 is reach

TrailspikeCond = True // Will allow TrailSpike
TrailSpike = (10) pip // will trail from the current candle: if price went (x) pip of current HACandle... (close all)

TrailspikePip = (5) pip // Will trail (x) pip from the current candle (ex: trail by 5 pips STEP)
In a SELL: When the EA find a range of 10 pips between the current low of the HACandle et the actual price
it will start the trail of 5 pips.

CloseAll = true // if true, will Close All position at the condition (HACandle open opposite color)
not if the HardStop is still on

HACandleTimeFrame = (15)M // Will Look at HACandle the (x) timeFrame only.

TrailFromXPrevCandle = (1) candle // Will trail from (x) HACandle (default = 1) (will look at the previous HACandle)

PutStopXPipFromHA = (2) pip // Will trail from (x) pip of the TrailFromXPrevCandle (default = 2)


(scenario)
A trade is open: SELL
1. The trade is place on Green HACandle, so the HardStop is place at 20 pips.
2. Then the price move 12 pips in our favor, but the HACandle is still Green. The SL is then put to BE.
3. In the same HACandle the price cross our first TakeProfit1(20pips), so it close 25% of the position.
4. Three Candle later the HACandle close Red, So the SL is move at the high + PutStopXPipFromHA(2 pips).
5. In the same candle the price reach our TakeProfit2. So it close 25% of the trade.
6. The next Candle, the SL is move again at the previous high + PutStopXPipFromHA(2 pips).
In the same Candle the price reach the TakeProfit3... So it close 25% of the trade.
7. We are lucky the price still go in our favor and we reach a little spike(yellow bar). So the Trailing Stop(5pips) is on
20 pips later it Close All remaining position. in this case is the last 25% of the position. ( the chart was edited for the purpuse of the scenario)

PS: I know that the HACandle are always in motion.. But when the EA find a 10 pips between the current HACandle and the actual price...
It Trigger the Trailing Stop.






TakeOTW

Gbp/Jpy might end up with shooting star today. Great rejection from Resistence line. Trend reverse? I just might go short on that.

That sounds like the best use of the trendlines. Even is no new trades are opened, there is still the possibility of the open trades going against you.
With the kill all open orders trendline, we could truly forget about waking up to a big surprise loss...

Hi to all, with version 1.4, this fonctionnality will be included.
By the way, you can have as many trend line with alert as you want. The EA will toogle between able to trade and unable to trade each time it hit a trend line with an "Alert_" attach to it. So be careful with what you are doing.

It should work this way.
If you put the following description in your trend line: DownTrend_Close_Alert_
As soon the price action will go above the trend line, it will close all sell open trade if it is a DownTrend. If you put as description UpTrend_Close_Alert_ all buy open trade will be close.

This will version will also included the trade hedging fonction as described in previous post.
If the description is: DownTrend_Trade_Alert_20 it will initiate a buy trade when the price action will be 20 pips above your trend line. As soon the price action will go above your trend line, it reduce the stoplost by the factor that you have given in the "Reduce_factor" variable. Same fontionnality for the UpTrend but with a sell trade.

I hope i don't confuse people with all those features. For those of you who take time to understand it, it allow you to plan the execution of your strategy whithout being in front of your screen waiting for something to happen.

Bye

P.S. I will release vs 1.4 for Sunday openning. I still have some test to do in simulation.

I have trades opened for -1000 pips, I'm think I'll trade only on QQE crossover, I opened thos trade using the arrow and stochastic divergence, going against the QQE.

I think it's more safe with QQE, so trading only when QQE, Stochastic Divergence, Candle Color + Arrow point in the same direction. Maybe less (not sure) but safe pips, you can trade more pairs if you feel you're getting not enough pips (remember that 400 pips a month, but safe can be 400$, 4000$ or 40.000$, depends on your leverage and margin).

Inspired by TheGabriel's template I have drawn together this setup. EURUSD being fairly volatile these days I have gone for a 400 SL to better catch the swings. Could be shorter on other pairs - or longer, as in the case of GBPUSD. Anyhow, the Trend Line Alert should take care of anything that runs away in the wrong direction. The strongest factor for me to decide if, and which direction to trade, is the trend lines. One day has resulted in 3x50 pips on this pair.

D

I suggest you use the 4 hr charts for trendlines, they are better placed there and the daily charts for major support and resistances horizontal lines.

Hi everyone!
First I want to thanks to Samurai for sharing this great EA, and to everyone here who is working on this EA to make it better.

I have been testing the Firebird for a month on a demo account. i decided to make a try and use it on areal account, now that I have more confidence and understood how to drive it ,I tried to use it on a real account. I don't know why but it doest open any trades.
The smiley is ON I checked my settings and everything is looking good, as i change back and login to the demo it works fine.

Can someone help me please to understand why it doesn't work on a real account?

Thanks
Sorry for my English is not my native language

hi elgxl,
did u set just exactly like in demo acc? how many days the ea wont open position?

Hi Smurai,
Your EA sounds exciting. I do not trade robots they frighten me as one is no longer in control, I like to be in control of my own destiny. Having said that, I have just blown my account using Forex Ambush. As I write it is still 120 pips from profit target. There are many Sheisters selling rubbish.

Back to your EA.
I would like to use it where can I down load it please.
I like what I read and specially your own involvement, it shows confidence.
Please provide download link.
Thank you

I waited for two days.
About the settings. First I set it for the demo and I test it , after i see that it work i just logout from demo to the other account, i did check the settings and they did not change after the login.