Semi automatic EA (Driven Version) | Page 71 | 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)

  • #1,401
  • May 13, 2009 7:11am May 13, 2009 7:11am
Hi everyone,
Need info on some features in the EA. Using mostly the defaults, on IBFX 4 digit broker. ReduceFactor = 3.0, PipStep = 40, TakeProfit = 100, SL = 300, TSFlag = false, TrailingStop = 50, TStrigger = 20, SafeArea = 500, PipsGoal = 500, PipsLoss = 500.

I wanted to do testing on the Trend Alerts function, so I set the EA into different direction to force wrong trades - cool, no problems, it opened Sell trade Nr 1 at say 1.1000, Nr 2 then 40 pips later at 1.1040, Nr 3 then 40 pips later at 1.1080, all OK so far. THEN at 1.1100, it changed the SL of Nr 1 from 300 to 100 and closed Nr 1 at a 100pip loss! And same with Nr 2, closed for 100p loss at 1.1140, same with Nr 3 at 1.1180. But the EA SL setting is still set to 300.

What setting causes the SL to automatically change like this? I did not even get as far as setting a Trend Line Alert onto the chart!

When manually driving the EA, one can very easily get a 100+ pip re-tracement during a day, must be some reason why others are not having this happen to them?

Appreciate your thoughts on the above.

Regards,
Andy
  • #1,402
  • May 13, 2009 9:25am May 13, 2009 9:25am
Just started using this EA yesterday netted 100 pips, amazing so far
  • #1,403
  • May 13, 2009 9:49am May 13, 2009 9:49am
Hi Actionplan

When I came home from work the trendline whas broken on nzdusd. Price had been below my trendline but is now over. Three open trades. Trendanalys = true and trendline description Close_.
I thought this would close all trades and stop EA from open more trades.

Regards
Elovv
  • #1,404
  • May 13, 2009 9:59am May 13, 2009 9:59am
Hi Andy, I am pretty sure the SL value is the combined stop loss for all open positions. So here you had 3 open positions at 100 each so your SL was triggered....

Quoting AndyM-pips
Hi everyone,
Need info on some features in the EA....
  • #1,405
  • May 13, 2009 10:08am May 13, 2009 10:08am
Ok, I think usdcad, audusd, eurusd, usdchf, and maybe gbpusd are turning against my driving direction.
This is the moment of truth - let's see what the damage will be. I have halted the EA on these crosses and pulled the stop loss closer on open trades...

Trying however to drive the EA short on usdjpy.

D
Attached Image (click to enlarge)
Click to Enlarge Name: Trades_Turning.jpg Size: 120 KB
  • #1,406
  • May 13, 2009 10:37am May 13, 2009 10:37am
Thanks, that helps a lot. I will put this together and put it in a pdf for everyone.

Thanks again for ALL your hard work. I am truly impressed with your work!

Quoting Actionpl
EA SETTINGS:...
  • #1,407
  • Edited 11:45am May 13, 2009 11:18am | Edited 11:45am
You guys must be doing this a lot better than me - just got back in after setting up 10 pairs this morning minus 203 pips still open

closed trades -300

LONG LONG way off doing this live. Still think this could be a bit special. IF I ever get the settings correct

GL

Punta
  • #1,408
  • May 13, 2009 11:54am May 13, 2009 11:54am
this EA could win big but lose big too. Hopefully the loss could be recovered in the long run.

But Fire bird is definitely not for the faint hearted like me

Quoting puntalara
You guys must be doing this a lot better than me - just got back in after setting up 10 pairs this morning minus 203 pips still open

closed trades -300

LONG LONG way off doing this live. Still think this could be a bit special. IF I ever get the settings correct

GL

Punta
  • #1,409
  • Edited 12:32pm May 13, 2009 11:54am | Edited 12:32pm
You can set MaxOpenOrders: =1. If you want the EA to mange one position per trade.

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.
  • #1,410
  • May 13, 2009 11:58am May 13, 2009 11:58am
can you create a PDF with rules

Thank's
  • #1,411
  • May 13, 2009 2:19pm May 13, 2009 2:19pm
For price action lovers...Pinocio nose pattern, usually happens at major resistance/support, and is good REVERSAL recognition.
Attached Image (click to enlarge)
Click to Enlarge Name: pinokio.gif Size: 25 KB
  • #1,412
  • May 13, 2009 8:15pm May 13, 2009 8:15pm
Quoting Actionpl
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.


Thanks ActionPl, I thought there was a way to fully disable it. I'm going to use it this way as long as my balance isn't that high. If I'd have like 10.000 I would keep the function on

I can only use 0,1 lots as minimum, that's why.

Thank you for the post about the settings, wish you many pips friend
Other pips made for me, I'm testing for 1 month, seeking for 0 losses.
"Hate the sin, love the sinner." - Gandhi
  • #1,413
  • May 13, 2009 9:00pm May 13, 2009 9:00pm
Quoting AndyM-pips
Hi everyone,
Need info on some features in the EA....
Hi Andy, the only way the EA will do what it did, it is because a trend line was active. A trendline is active if it have the following word in the description. "Alert_". I've noticed that we can have a lot a hold trendline when we do test and if you don't delete it, it can cause us problems. I'm working on a solution to clean those old trend line automatically. For now you have to do it manually.
Do the following.
1-left clic inside the chart window
2- Do CTRL+B
3- left clic on the Object colum to sort all objects
4- Delete all trendline by selecting it and clic on delete
5- close this window
6- Save your template using the same name and override the existing one.
7- Retry your test

This way you will clean all trend object that can interfere with your testing and by refreshing your template, they will not come back.

Bye
Actionpl
  • #1,414
  • May 13, 2009 9:07pm May 13, 2009 9:07pm
Quoting Elovv
Hi Actionplan

When I came home from work the trendline whas broken on nzdusd. Price had been below my trendline but is now over. Three open trades. Trendanalys = true and trendline description Close_.
I thought this would close all trades and stop EA from open more trades.

Regards
Elovv
Hi Elovv, make sure to always have "Alert_" at the end of your description as a minimum if you want the EA to take action. So if i understand correctly your situation, your trend description was like that: "Close_" You should have "DownTrend_Close_Alert_" or "UpTrend_Close_Alert_" in order for the EA to close trade that was again your trend.

Hope this clarify the situation.

Bye

Actionpl
  • #1,415
  • May 13, 2009 9:11pm May 13, 2009 9:11pm
Quoting DojiMojo
Hi Andy, I am pretty sure the SL value is the combined stop loss for all open positions. So here you had 3 open positions at 100 each so your SL was triggered....
Hi dohiMojo, your interpretation is not correct. The EA manage the trade one at the time. So if you set your SL at 1000, it will use 1000 for each trade opened, even if you have 5 trade open.

P.S. look at ht answer that i have provided to Andy, that could be the cause of his situation.
Bye

Actionpl
  • #1,416
  • May 14, 2009 1:21am May 14, 2009 1:21am
Is there a special version of the EA for the Yen USD cross, or are there special settings to use?

Grateful for answer

Divyendu
  • #1,417
  • May 14, 2009 2:10am May 14, 2009 2:10am
Quoting Divyendu
Is there a special version of the EA for the Yen USD cross, or are there special settings to use?

Grateful for answer

Divyendu
For Yen crosses, there is fix version. Original version won't work. Ask Actionpl if his versions 1,3 and 1,4 has yen fix, that I don't know.
Original with Yen Fix has been posted here few times, let me know, if you won't find it.

Regards,
  • #1,418
  • May 14, 2009 2:32am May 14, 2009 2:32am
I have reset all my pairs again this morning (after horrid losses) and i am getting a message on a few pairs saying enterposition in the top left hand corner - what does this mean please??

punta
  • #1,419
  • May 14, 2009 2:42am May 14, 2009 2:42am
Quoting Actionpl
Hi Andy, the only way the EA will do what it did, it is because a trend line was active. A trendline is active if it have the following word in the description. "Alert_". I've noticed that we can have a lot a hold trendline when we do test and if you don't delete it, it can cause us problems. I'm working on a solution to clean those old trend line automatically. For now you have to do it manually.
Do the following.
1-left clic inside the chart window
2- Do CTRL+B
[color=blue]3-...
HI ActionPl
Thanks for your help, I'll have another go at that test!
Cheers
Andy
  • #1,420
  • May 14, 2009 2:46am May 14, 2009 2:46am
Quoting DojiMojo
Hi Andy, I am pretty sure the SL value is the combined stop loss for all open positions. So here you had 3 open positions at 100 each so your SL was triggered....
Hi DojiMojo.

Thanks for taking time to respond. You have seen ActionPl's response on the same query? I'll re-test again and see what happens.

Bye
Andy
0 traders viewing now