Semi automatic EA (Driven Version) | Page 70 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA tool & strategy for semi-automatic interactive trading 82 replies

semi-automatic fibs in MT4? 0 replies

Testing a semi-automatic EA with a strategy tester 1 reply

Geoff's Manual and Semi Automatic Trading Setup 988 replies

Trading a (semi) automatic approach...but want more 11 replies

Attachments: Semi automatic EA (Driven Version)
Exit Attachments

Semi automatic EA (Driven Version)

  • #1,381
  • May 11, 2009 10:01pm May 11, 2009 10:01pm
Quoting ayoneeyee
Actionpl and Samuria, you guys are great. I personally want to say THANK YOU for this ingenius system, and Actionpl, you are the BEST. Anyway, Actionpl, Let me ask you a quick question as per V1.4 because I'm going to test it later, For now,I'm still winning with the V1.3a (you know what they say... you don't change a winning team).
From your statement .. a trend line with "Trade_" in it will intiate a hedge trade when the trend line is hit....What is this function actually going to do? is it going to open a trade in...
Hi ayoneeyee,

What is this function actually going to do? is it going to open a trade in the opposite direction while the other trade is on Yes, that the intend if you put in your trendline "Trade_" or it will close initial trade and open another in the opposite? Yes it can do that as well if you put in your description "Close_Trade_" Ex. DownTrend_Close_Trade_Alert_50
this description will make the EA to close all sell trades as soon it goes above the trendline and it will take a buy if the price goes at 5 pip above it (5 digits broker).

It is quite flexible as it is now. With version 1.5 it will be even easier since we will only pay attention to how we draw the trend and what we want to do when price hit the trend.

bye

P.S Can somebody explain this new law that prevent hedging? What are the limitation on trading with this new law?


Actionpl
  • #1,382
  • May 12, 2009 1:54am May 12, 2009 1:54am
Quoting Actionpl


P.S Can somebody explain this new law that prevent hedging? What are the limitation on trading with this new law?


Actionpl
I have acc by InterbankFX, its simple, if you have order in one direction (pending or open) you cant open in another direction.
  • #1,383
  • May 12, 2009 2:50am May 12, 2009 2:50am
Quoting SamuraiPower
Actionpl u are the man, I'll try to sumarize all the input EA explanation later.

Monday..monday...monday..I still dont like monday, sudenly reverse on daily chart often time
Regards,
Samurai Power
Hello man,

True mate,Mondays are sometimes hard to trade, but I started to trade them,especially if I get reverse signal. Good thing is,usually on Mondays,there is almost no news,and price can go many pips. I went short G/Y,see pics. Fractal gave me reverse signal, channel resistance hasnt been broken, and price went over 300pips,almost exactly to support (red).
If no US news,G/u and G/Y likes to move very similar, that I always consider.
Im glad that you bank many pips my friend

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: gy.gif Size: 19 KB
  • #1,384
  • May 12, 2009 4:27am May 12, 2009 4:27am
Quoting SamuraiPower
Monday..monday...monday..I still dont like monday, sudenly reverse on daily chart often time (GU Pair), before I have this trendline thing I always too much worry, but now its not anymore, -90pips right now keep open and protected with trendline in around -150pips. On monday I usualy have no capability on predicting where the trend goes, well that just me I guess, but let the trendline taking care of my trade, no emotion intach. Thinking of turning off the EA for...
Hi gasgas and serg,

GU Yesterday daily candle droped and I was keep open in buy position but protected with trendline, the fun thing is that after I protected with trendline in around -150pips all I have to do is just check my acc afterwork, it might be loss for around -150pips or gain for another hundreeds of pips, but guess what, today I banked +100pips, +230pips on the go heading towards +300pips for total +400pips today. No emotion intach and I have a normal life rather than sitting in front of computer in along time. Keep pipin'

Regards,
Samurai Power

Wish us all the good pips in this whole universe.....
  • #1,385
  • May 12, 2009 4:50am May 12, 2009 4:50am
I put trendline too close to PA yesterday, one of my SL opening position reduce to 150, and i should've been have my other +100pips right now, but thats ok. Set the reduce factor to 2 yesterday, reactivate the ea on buy again now, sometimes emotionless gives u pips ha..ha..

Regards,
Samurai Power
  • #1,386
  • May 12, 2009 6:55am May 12, 2009 6:55am
Quoting SamuraiPower
I put trendline too close to PA yesterday, one of my SL opening position reduce to 150, and i should've been have my other +100pips right now, but thats ok. Set the reduce factor to 2 yesterday, reactivate the ea on buy again now, sometimes emotionless gives u pips ha..ha..

Regards,
Samurai Power
Hi, Samurai; nice pips
Can you make some screenshoots with your trend-s and stop-s lines ?
  • #1,387
  • May 12, 2009 7:29am May 12, 2009 7:29am
Actionpl SamuraiPower Hi,
I would like to ask if there is hedging transactions, the parameters should be adjusted?
  • #1,388
  • May 12, 2009 8:12am May 12, 2009 8:12am
Hey guys it looks like you have a very nice EA system. To be honest I think you guys hit the mint with it being driven based. I want to help out a little. Here is an indicator I use to see trends and trend bands. A very nice indicator here. Look at the pic and you will know what I am talking about. If the trend is up the lines are up, if it is sideways they are sideways and same for a downtrend. It can go on any time frame

FWIW the lines are kinda hard to see in the pic but when you load the file they show up easily
Attached Image (click to enlarge)
Click to Enlarge Name: pja.jpg Size: 161 KB
Attached File(s)
File Type: ex4 Matrix SDC.ex4   2 KB | 454 downloads
  • #1,389
  • May 12, 2009 9:19am May 12, 2009 9:19am
Quoting Actionpl
Hi ayoneeyee,


P.S Can somebody explain this new law that prevent hedging? What are the limitation on trading with this new law?


Actionpl
Hi
The verbatim quote by IBFX is:
"If you are in a buy you cannot put in a sell pending order or sell market order in the same pair and the opposite is true with a sell.
IBFX"
Regards
Andy
  • #1,390
  • May 12, 2009 9:41am May 12, 2009 9:41am
Hi ActionPl, sorry to be bombarding you with so many questions. The EA is not quite working the way I understood. When I have a trendline described as "Downtrend_Close_Alert_" what is happening is that when the line is breached any existing short trade has its stop loss value reduced by the Reduce_Factor (ie. Reduce_Factor = 2)
No trades are closed and the EA is not deactivated but continues to open new short positions above the trendline.

I guess I had misunderstood the previous explanations. I thought that this setup would turn the EA off, and close any existing Short trades. To accomplish this should I have the trenline described as "Downtrend_Close" instead?

I also noticed then when my "Downtrend_Close_Alert_" line is breached is removes the Alert_ part within the description. Is this normal?

Thanks again
Serge
Attached Image (click to enlarge)
Click to Enlarge Name: trendline.gif Size: 27 KB
  • #1,391
  • May 12, 2009 10:41am May 12, 2009 10:41am
Hedging is.. you can't have both buy and sell trade going on at the same time on the same currency pair.

Quoting Actionpl
Hi ayoneeyee,

What is this function actually going to do? is it going to open a trade in the opposite direction while the other trade is on Yes, that the intend if you put in your trendline "Trade_" or it will close initial trade and open another in the opposite? Yes it can do that as well if you put in your description "Close_Trade_" Ex. DownTrend_Close_Trade_Alert_50
[b][color=blue]this description will make the EA to close all sell trades as soon it goes above the trendline and it will...
  • #1,392
  • May 12, 2009 11:29am May 12, 2009 11:29am
No loss yet
Using small lots (0.01, 0.02)
Stop line not hit yet
Canada/USDollar seems to be on the turn so I switched off the EA and brought the stop loss closer for all uscad open positions.
Attached Image (click to enlarge)
Click to Enlarge Name: No_Losses_Yet.jpg Size: 186 KB
  • #1,393
  • May 12, 2009 12:25pm May 12, 2009 12:25pm
VERY VERY nice going

GL

Punta
  • #1,394
  • May 12, 2009 5:00pm May 12, 2009 5:00pm
Nice to see people are doing pips here, I had another 5 positions for a total +500 today.

I'm planning to trade live if it goes well with very very few losses when I ahve some experience, but there's a problem for me:

I know the pipstep function does open another position if trade goes against us for X pips, I want this function disabled and even if I put 0 for Pipstep it's the same.
"Hate the sin, love the sinner." - Gandhi
  • #1,395
  • May 12, 2009 7:06pm May 12, 2009 7:06pm
Hi SamuraiPower, I want to first of all THANK YOU for putting this thread together. I was really struggling to be profitable with forex and after trying all kinds of "Magic Boxes and Systems" I was nearly ready to give up.

Then I came upon this thread and it really caught my attention. I spent the last week reading every post from start to finish! I just want to say this is fantastic! It really "makes sense" to me and I think it is exactly what I was looking for. Sometimes the simple things really are better, and this is one great example of that. Price action is the name of the game and will always beat out any other kind of fancy indicator.....

Thanks again.

I want to contribute to this thread so I am putting together a recap of all the EA settings and functions that I will post soon. ....
  • #1,396
  • May 12, 2009 7:10pm May 12, 2009 7:10pm
I am trying to put together a master sheet that describes all the EA settings and Functions. I have many of them completed, but some I do not understand. Can anyone who knows the definition of these please fill them in below and I will put it all together and post it here.. Thanks

 EA SETTINGS:
TrendAnalysis: I think this is the master switch to enable the trendlines…????????????????

TrendLineWatch: If you set variable TrendLineWatch to true, the system will not trade up to a point where the price action hit a trend with an Alert set to it. So if the pair does not trend, you can set two trend on up and one down with Alert to it. When one of those will be hit the system will start to trade the way you have selected. This is a nice feature to setup your chart and you don't have to look at it every hour or so.
So if you don't want to wait for a trend to be broken before it start to trade leave this variable to false.
ChangeOrder: ???
Reduce_Factor: Used when Trend_Watch is set to False. If set at 0, the stoploss will not be changed. If set any number other than 0, the stoploss will be reduced by this factor.
Example: If in a downtrend and price rises to the DownTrend_Alert_ trendline, the stopploss value will be changed to ( current stoploss / Reduce_Factor). So if your current stoploss is 100, and your Reduce_Factor is 2, if the trendline is hit it will be changed to 50 (100/2).

Manage_Trade: if set at TRUE: it will only allow trade in the Heiken Ashi direction.

Heiken Ahsi Timeperiod : variable sets the timeperiod used for the Heiken Ashi direction. (1440=Daily, 240=H4, 60=H1…)

Index: If variable "index" is at 1 it looks at previous bar, or the current bar if the "index" is at 0. Be careful about index being at 0, since the current bar can switch color many times during a given day. You can use this feature with any of the other features of the EA.

Chart_Time_Frame: TimeFrame for default indicators
MA_length: Firebird calculates a Simple Moving Average of this length ( 10 default), and then shifts it up and down by the Percent Variable (2% default) to form a channel.
MA_Timeframe: Timeframe for the moving average above, in minutes.
MAtpe: 0=close, 1=HL (manage trade or trend analysis will not work with Matype=1)
Percent: the percentage amount to shift the MA bands to form the channel described above.
TradeOnFriday: >0 trades on friday
Slip: exits only
Lots: The size of the lot you will be trading.
MaxOpenOrders: Maximum number of positions to have open simultaneously
SafeArea: ???
PipStep: if position goes this amount of pips against you add another.
TakeProfit: Amount of profit in Pips to exit position
StopLoss: total loss on all open positions in pips
TrailingStopFlag: ???
TrailingStop: trailling stop value, order will be modified at BID or ADK ±TrailingStop
TStrigger: Once the price hits ( TakeProfit – Tstrigger ), it cancels Ttakeprofit and puts a trailing stop.
MinMarginLevel: Below this Minimum Margin Level percent % trading stops
TradeFrom1: Place trades "From" - "Until"
TradeUntil2: Place trades "From" - "Until"
Fast_Period: ????
Fast_Price: ???
Slow_Period: ???
Slow_Price: ???
DivergenceLimit: ???
Use_V63D_Divergence: 0 = Use original method for divergence, 1 = use in iFXAnalyzer
IncreasementType: 0=just add every PipStep, >0 =OrdersTotal()^x *Pipstep ????????????????
DVLimit: : ???
PipsGoal: : ???
PipsLoss: ???
GMT: Your Brokers time offset from GMT. For example: if your brokers time is 23:30 and GMT is 20:30 this setting would be 3.
DST: 0=Standard 1=Daylight Saving
OpeningHour: ???
ClosingHour: ???
Writelog: ???
  • #1,397
  • May 12, 2009 9:07pm May 12, 2009 9:07pm
Quoting sergiel
Hi ActionPl, sorry to be bombarding you with so many questions. The EA is not quite working the way I understood. When I have a trendline described as "Downtrend_Close_Alert_" what is happening is that when the line is breached any existing short trade has its stop loss value reduced by the Reduce_Factor (ie. Reduce_Factor = 2)
No trades are closed and the EA is not deactivated but continues to open new short positions above the trendline.

I guess I had misunderstood the previous explanations. I thought that this setup would turn the EA off,...
Hi, Sergiel
When I have a trendline described as "Downtrend_Close_Alert_" what is happening is that when the line is breached any existing short trade has its stop loss value reduced by the Reduce_Factor (ie. Reduce_Factor = 2)
No trades are closed and the EA is not deactivated but continues to open new short positions above the trendline.
You have to pay attention to the spelling. Your trend description should have been: "DownTrend_Close_Alert_" Each word have to start with a Capital letter. Down, Up, Close, Trade, Alert and be follow with "_" caracter. So in your description you did not have the Capital Letter on Trend so it did act on this description as it was only an Alert_00. So by having 0 as the window, in fact you did not have any space to take action that why it did not took action. That is why i recommend to put at least 40 for a 5 digit broker when you use only the Alert_xx trend line. Hope this is clear. So retry with a capital letter at the beginning of each word and it will work.

I also noticed then when my "Downtrend_Close_Alert_" line is breached is removes the Alert_ part within the description. Is this normal? Yes it is normal. The EA will reset the Alert condition otherwise it will start to osccillate while the price is around the trend line. That why you need to take action and reinitialise the EA after your modification when the trendline have been hit.

Bye

ActionPl
  • #1,398
  • May 12, 2009 9:19pm May 12, 2009 9:19pm
Quoting TheGabriel
Nice to see people are doing pips here, I had another 5 positions for a total +500 today.

I'm planning to trade live if it goes well with very very few losses when I ahve some experience, but there's a problem for me:

I know the pipstep function does open another position if trade goes against us for X pips, I want this function disabled and even if I put 0 for Pipstep it's the same.
Hi TheGabriel, this is a key factor of the original FireBird. If you disable it, you will prevent to have more than 1 trade activated for a given pair. If it is what you want, you can disable it by having the variable "PipSpep set ot a big number, like 10000.

Good luck.

Bye
ActionPl.
  • #1,399
  • May 12, 2009 10:13pm May 12, 2009 10:13pm
Quoting DojiMojo
I[color=Black] am trying to put together a master sheet that describes all the EA settings and Functions....
EA SETTINGS:
TrendAnalysis: I think this is the master switch to enable the trendlines…????????????????Yes

TrendLineWatch:If you set variable TrendLineWatch to true, the system will not trade up to a point where the price action hit a trend with an Alert set to it. So if the pair does not trend, you can set two trend on up and one down with Alert to it. When one of those will be hit the system will start to trade the way you have selected. This is a nice feature to setup your chart and you don't have to look at it every hour or so.
So if you don't want to wait for a trend to be broken before it start to trade leave this variable to false. Yes, 100% exact
ChangeOrder: ???It is not needed anymore, i will remove it on the next release.
Reduce_Factor: Used when Trend_Watch is set to False. If set at 0, the stoploss will not be changed. If set any number other than 0, the stoploss will be reduced by this factor.
Example: If in a downtrend and price rises to the DownTrend_Alert_ trendline, the stopploss value will be changed to ( current stoploss / Reduce_Factor). So if your current stoploss is 100, and your Reduce_Factor is 2, if the trendline is hit it will be changed to 50 (100/2).
Yes, 100% exact

Manage_Trade: if set at TRUE: it will only allow trade in the Heiken Ashi direction. Yes

Heiken Ahsi Timeperiod: variable sets the timeperiod used for the Heiken Ashi direction. (1440=Daily, 240=H4, 60=H1…) Yes

Index: If variable "index"is at 1 it looks at previous bar, or the current bar if the "index" is at 0. Be careful about index being at 0, since the current bar can switch color many times during a given day. You can use this feature with any of the other features of the EA. Yes

Chart_Time_Frame: TimeFrame for default indicators
MA_length: Firebird calculates a Simple Moving Average of this length ( 10 default), and then shifts it up and down by the Percent Variable (2% default) to form a channel. if price action fall inside this window, it is one of the condition to initiate a trade
MA_Timeframe: Timeframe for the moving average above, in minutes.
MAtpe: 0=close, 1=HL (manage trade or trend analysis will not work with Matype=1) Right
Percent: the percentage amount to shift the MA bands to form the channel described above.
TradeOnFriday: >0 trades on friday
Slip: exits only Amount of pip allow to slip while closing trades with "Close_" description
Lots: The size of the lot you will be trading.
MaxOpenOrders: Maximum number of positions to have open simultaneously
SafeArea: ??? Filter to prevent trade in volatile time. Small number will prevent trade while price action is moving fast.
PipStep: if position goes this amount of pips against you add another.
TakeProfit: Amount of profit in Pips to exit position
StopLoss: total loss on all open positions in pips
TrailingStopFlag: ??? to activate the trailling stop function (false no trailling stop)
TrailingStop: trailling stop value, order will be modified at BID or ADK ±TrailingStop
TStrigger: Once the price hits ( TakeProfit – Tstrigger ), it cancels Ttakeprofit and puts a trailing stop. Yes
MinMarginLevel: Below this Minimum Margin Level percent % trading stops No more position will be open
TradeFrom1: Place trades "From" - "Until"
TradeUntil2: Place trades "From" - "Until"
Fast_Period: ???? use in Divergence filter
Fast_Price: ??? use in Divergence filter
Slow_Period: ??? use in Divergence filter
Slow_Price: ??? use in Divergence filter
DivergenceLimit: ??? rate of change of price have to be less than, it is an other filter to prevent trade in volatile market
Use_V63D_Divergence: 0 = Use original method for divergence, 1 = use in iFXAnalyzer 0 for current bar and 1 for previous bar.
IncreasementType: 0=just add every PipStep, >0 =OrdersTotal()^x *Pipstep ????????????????If different than 0, it will adjust variable PipSteps effect in function of the number of trade open and the value of IncreasementType. (Not tested)
DVLimit: : ??? Not used
PipsGoal: : ???Not used
PipsLoss: ??? Use only in live account to warned you that you loosing too much money in relation to your equity
GMT: Your Brokers time offset from GMT. For example: if your brokers time is 23:30 and GMT is 20:30 this setting would be 3.
DST: 0=Standard 1=Daylight Saving
OpeningHour: ???An other way to set the EA trading hour
ClosingHour: ??? "
Writelog: ??? flag to enable to write history of your transaction. will enable also warning function to warn you if your loosing money too fast in a live account.
  • #1,400
  • May 13, 2009 12:23am May 13, 2009 12:23am
Thanks again Action


Quoting Actionpl
Hi, Sergiel
When I have a trendline described as "Downtrend_Close_Alert_" what is happening is that when the line is breached any existing short trade has its stop loss value reduced by the Reduce_Factor (ie. Reduce_Factor = 2)
No trades are closed and the EA is not deactivated but continues to open new short positions above the trendline.
You have to pay attention to the spelling. Your trend description should have been: "DownTrend_Close_Alert_" [color=blue]Each word have to...
1 trader viewing now