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Semi automatic EA (Driven Version)

  • #1,601
  • Jun 3, 2009 8:19am Jun 3, 2009 8:19am
Quoting Geolimber
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.
Can someone repost where we can find the threads on price action. Tx
Leo
  • #1,602
  • Jun 3, 2009 8:38am Jun 3, 2009 8:38am
"Firebird-v63H04_H_Ashi_Trend_vs1_5b EURUSD,Daily: object name passed to ObjectType function cannot be an uninitialized or empty string"

What's this?
  • #1,603
  • Jun 3, 2009 8:54am Jun 3, 2009 8:54am
Quoting pulainmata
"Firebird-v63H04_H_Ashi_Trend_vs1_5b EURUSD,Daily: object name passed to ObjectType function cannot be an uninitialized or empty string"

What's this?
Maybe the name of one of your trendlines is empty?
  • #1,604
  • Jun 3, 2009 9:07am Jun 3, 2009 9:07am
After reading through the thread I am getting more and more confused.

Samuraipower, says to use HA with MA10 on daily and then use the EA on 5 min TF.

The driving of the EA depends on the direction of the MA on the daily chart. If indicators are down, go "Sell only", if up, go "Buy only"

Further, reading confuses me on two things:

1. Which TF to put the new EA on?

My guess is 5 mins.

2. If EA is on 5 mins, then how to control it?

Is it by the use of trendlines et al?
  • #1,605
  • Jun 3, 2009 9:17am Jun 3, 2009 9:17am
Quoting vicky_ag

1. Which TF to put the new EA on?

My guess is 5 mins.

2. If EA is on 5 mins, then how to control it?

Is it by the use of trendlines et al?
you can use EA at any timeframe
  • #1,606
  • Jun 3, 2009 10:59am Jun 3, 2009 10:59am
Quoting SamuraiPower
hi theforexpert,
thx for the info, i just cuorious how the ea works, i actually learning it now, still thinking that fully ea wont profiting consistently in a long run since the market is changing overtime. For others i will provide download link as i got back home and the thread, so for anyone who interesting u can find the detail and discuss there, the ex4 file is free.
......

Sory for less posting, lots of things to do....
I learned it for less than a day but never use it again, its in post 2271.

http://forum.fxopen.com/showthread.php?t=21983&page=152

Regards,
Samurai Power
  • #1,607
  • Jun 3, 2009 11:12am Jun 3, 2009 11:12am
Quoting vicky_ag
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 vicky_ag,

That is correct, but u have to have a basic on where u are gonna put the trendline as a stoploss, this thread gives me a very usefull method on where to put the trendline correctly, its PA method, u will find it very interesting, Im using it along with my system, its doing great. Read the PDF file on first post (its a must).
PS: U dont have to draw trendline diagonally, u can also draw trendline horisontaly for much easier understanding.

http://www.forexfactory.com/showthread.php?t=86429

Regards,
Samurai Power
  • #1,608
  • Jun 3, 2009 11:22am Jun 3, 2009 11:22am
Quoting EngineerB
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...
Hi EngineerB,

Thx for your hardwork, i was thinking to sumarize it but wheew..need spare time...


Regards,
Samurai Power
  • #1,609
  • Jun 3, 2009 11:27am Jun 3, 2009 11:27am
Quoting footy
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
Hi footy,

The indicator I put on the first post is only to help me for confirmation, yes its late recognizing the trend reversal of course and its repaint, the best indicator is PA, most of succesfull trader using PA and trendline, so I think I should learn from succesfull trader to get a good result.

Regards,
Samurai Power
  • #1,610
  • Jun 3, 2009 11:30am Jun 3, 2009 11:30am
Thanks Canni.

If, you dont mind, one question more. Previously, we used to drive the EA based on the movement on D1 chart.

Does, the new EA require driving? I mean, once the price goes through the trendline we drew, do we need to activate it again?

And, do we require to tell the EA to go long when we have a longish trendline?
Quoting Canni
you can use EA at any timeframe
  • #1,611
  • Jun 3, 2009 11:46am Jun 3, 2009 11:46am
Quoting forexleo
Can someone repost where we can find the threads on price action. Tx
Leo
Just few post above...but this one is very good also for better understanding to draw the trendline. I only learn this two thread to learn PA, and its great..

http://www.forexfactory.com/showthread.php?t=150188

Regards,
Samurai Power
  • #1,612
  • Jun 3, 2009 12:46pm Jun 3, 2009 12:46pm
Just learned one helluva lesson. Trying to trade off D1 chart using HA wiped out my demo account.

I checked 5 mins and guess what? we had a solid downtrend not visible on D1 using the HA.

Going now totally by PA no HA for me now.
  • #1,613
  • Jun 3, 2009 12:58pm Jun 3, 2009 12:58pm
Actionpl,

Is the latest version working okey with JPY pairs also?

Thanks,
  • #1,614
  • Jun 3, 2009 3:08pm Jun 3, 2009 3:08pm
Tried the latest version.

I dont get the use of the trend line and the Main_Trendline_Alert_20 or something.

Isnt that supposed to close the trade when the trade has moved by 20 on the trendline ??
  • #1,615
  • Jun 3, 2009 7:30pm Jun 3, 2009 7:30pm
Quoting vicky_ag
Just learned one helluva lesson. Trying to trade off D1 chart using HA wiped out my demo account.

I checked 5 mins and guess what? we had a solid downtrend not visible on D1 using the HA.

Going now totally by PA no HA for me now.
What were trading? How many trades did you allow it to take? Today I did not do well, but was limited to 5 bad trades.
  • #1,616
  • Jun 3, 2009 9:16pm Jun 3, 2009 9:16pm
Quoting EngineerB
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...
Hi EngineerB, i have updated your file with some more information.

bye

Actionpl
Attached File(s)
File Type: doc Instructions for Setting Up and Operating Firebird - June 1 2009.doc   436 KB | 1,856 downloads
  • #1,617
  • Jun 3, 2009 9:26pm Jun 3, 2009 9:26pm
Quoting Almandine
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...
Hi see my comment in blue.

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. ok

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. The interger will have an effect only with the following description "Alert_20" or a trendline with Trade_ in it. See the updated word file that i just published.

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). Only if trendline is broken. See new word file

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.[/quote]
  • #1,618
  • Jun 3, 2009 10:06pm Jun 3, 2009 10:06pm
Quoting EngineerB
What were trading? How many trades did you allow it to take? Today I did not do well, but was limited to 5 bad trades.
Traded EURUSD and GBPUSD. Both, long. Took a total of 3 ..as I moved by pip step to 100.

Checked my trades, looks wrong lot sizes.
  • #1,619
  • Jun 4, 2009 12:32pm Jun 4, 2009 12:32pm
Quoting Canni
You need check "Show object descriptions" in chart properties
I figured it must be something simple..... but I just didn't find it.
  • #1,620
  • Edited 1:33pm Jun 4, 2009 1:28pm | Edited 1:33pm
Quoting EngineerB
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.

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...
I am also working on a Manual for this EA. Part of what I put together, you have already updated and recapped nicely in your version - GREAT JOB!

I have attached part of what I put together that might be a nice addition to your manual if you don't already have this information.

Cheers !
Attached File(s)
File Type: doc FIREBIRD EA SETTINGS.doc   30 KB | 1,128 downloads
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