Semi automatic EA (Driven Version)

Hi okehiedon, I also kept getting the "excessive loss" alert and could not figure out why. So I went into the code and turned it off.

Here is how I did it.
1. open the EA in the editor. (Right click on the EA name and select Modify)
2. when the editor opens, select EDIT then select FIND
3 in the FIND WHAT box type in "Excessive" then click on the FIND NEXT button.
4. It will then highlight the line with "excessive" in it. (See the attached Picture)
5. Add the /* and the */ to the line as shown in the attached pictures
6. then press the F5 button to run the compiler.

Done...

Cheers, DojiMojo

Use version 1.5b and you will not have any of this problem. Make sure you understand well how it work with demo before switching to real account.

Bye
ActionPL

i thought someone said stop loss was total stop loss for all open positions? for me it is each position in that currency...is there a way to cap the loss on all open positions in one currency in case it moves against me drastically?

I'd played with EA in strategy tester and detect possible bug, see picture, i have downtrend trendline and EA open a buy postion
and another question, should be EA resetted by broken trend ? I'd treid by broken trend drawing another trendlines, but status still here.

Afaik, just drop trendline on chart with description "Close_Trade_Alert", by touching this line EA will close all open positions.

thats interesting....i was wondering if there was a way to do it in the settings so that i could know what my total exposure would be?

Another way is if price going trough trade trendline, then stoploss on open position will be reduced by Reduce_factor, if i right understand.

It seems like a lot of members are using different indicators to determine long term trend. Any idea which indicators seem to work best. I was using trend and nonlagtrend but discovered they repaint. Thanks for the help.

Leo

Price action is the best indicator my friend

The original MA cross over Indicator and the Ash seems to do alright. I usually watch them very closely for the daily time frame. Also I try to take note of any candle patterns such as hanging man or doji or any other patterns that could signify a reversal approaching. I also try to plot Support and Resistance on Daily and 4hr time frames(Using Different Colors) so that I that I can be prepared for a reversal if it hits one of those target areas. Other then those the trendline function the ActionPL has added is great for stopping a trade that goes bad. GL and happy trading

Price action is the best indi but I also use one indi that is very useful to me: The BB Flat, that you can find somewhere in FF.

Guys, a helping hand here. The trendline i drew is correct or some more refining required.

One thing for sure my screen shot taking ability needs a bit of refining.

Hi,

I have read the whole thread. First, thank you SamuraiPower and Actionpl for this great idea and the EA.
I want to be sure if I understood it correctly. Here is my setup for a fresh new demo account:

1. Chart is D1 EURUSD

2. I put the Firebird-v63H04_H_Ashi_Trend_vs1_5b.mq4 EA on the chart.

3. Main parameters:
TrendAnalysis=true
TrendLine_watch=false
Reduce_factor=2.0
Trend_line_Keep=3
AutoTrend_Timeperiod=240
Manage_Trade=false
Chart_Time_Frame=5

4. I drew a trendline (see picture) and named it as Main_UpTrend_Close_Alert_20

Is it OK to start demo trading with these settings, or something is missing or not correct?

Last week I happened across this thread. I was very impressed with the amount of work being done by so many people as well as the international flavor of the participants.

Three days ago I created a demo account with IBFX and started trading Firebird-v63H04_H_Ashi_Trend_vs1_5b. I have since taken 3 longs on the EURUSD and 2 on the GBPUSD each for 100 pips!

Like many others, I am still not clear on all of the variables of Firebird. To help myself and others, I've created a Word document that explains the things I think I know and leaves blanks in the areas that I question. May I ask those that are knowledgeable with Firebird to read this document and supply comments. I will update the document and repost it as needed.

Thank you for your help! http://www.forexfactory.com/images/icons/icon7.gif

Hi Almandine,

How did you get the Name (Main_UpTrend_Close_Alert_20) to show up on the trendline?

You need check "Show object descriptions" in chart properties

hi all,
the most important to drive this EA is to find when it starts the trend. HA or 5/8 alert, sometimes it is too late. anyone has an effective trending indicator to determine the trend? currently i am using CCI but it is not so "accurate".
regards,
happy trading

This manual will be very useful once it completed.
Here are some comments. Note, that I still learn the system so I may be wrong. I hope Actionpl will come and takes the time to review the manual.

1. The v63H04 (in the name of the expert) is the version number of the original EA which served as a base for the manual driven version.

2. If an integer number is added at the end of the description of the trendline (e.g. "Main_DownTrend_Alert_20") then the trading will be stopped if the price closes the trendline with 20 pips or less. The trading will also be stopped if there is a gap (e.g. on the weekend) and the price emerges on the other side of the trendline.

3. EmailAlert will send Email notification if the trendline is broken or - if the number is set - the price closes the trendline by ZZ pips (e.g. "Main_DownTrend_Alert_ZZ" where ZZ is an integer number).

4. PopupAlert will display a popup alert in MT4 if the trendline is broken or price closes to the trendline as described above.

5. Trend_line_Keep: the EA cleans your chart from old trendlines that produce erratic results. This parameter controls the number of trendline that you want on the chart.

6. Manage_Trade: if true, then the EA will disable the trade if the Heiken Ashii indicator goes against our driving direction.

7. (from the v1.4 version, the quotes are from Actionpl)
'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 function 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 stoploss by the factor that you have given in the "Reduce_factor" variable. Same functionality for the UpTrend but with a sell trade.'

'A trend line with the following word "Close_" will act as described in my previous post. And a trend line with "Trade_" in it will intiate a hedge trade when the trend line is hit.
Note: If the Trendline with a Close in it is hit, the EA will stop trading waiting for your intervention. Any other trendline that is hit will toogle the EA state between able to trade and unable to trade.'

8. TrendLineWatch: (quote from Actionpl) '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 trends 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.'

9. More parameters are described in the source of the EA. To see them, open the Firebird-v63H04_H_Ashi_Trend_vs1_5b.mq4 with Notepad.

Price action is the best indicator with not redrawn. I am use only price action. Trendline or supportressistance breakoutsbounces, patterns (bottoms, head & sholders.....). Samurai Power was posted links to good threads about price action. I am read them all.

Thanks for the file. It is a HUGE help.