Semi automatic EA (Driven Version) | Page 90 | 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)

  • #1,781
  • Jul 19, 2009 1:44pm Jul 19, 2009 1:44pm
Quoting MyFakis
Hi everybody, this is my first post

I have noitced this EA a while ago and it looks like a great thing!
Unfortunately, i never managed to try it and I don't understant why it doesn't work.

I opened a demo account on fxpro with a 1000$. Then i have downloaded Firebird-v63H04_Heiken_Ashi_Trend_vs1_3b. All the settings are from this post: http://www.forexfactory.com/showpost.php?p=2714301&postcount=1280

What I have changed is:
Lots: 0.01

Maybe I should change...
I don't think FX Pro allows micro lots. The smallest lot size you can use with them is .10

Hope this helps,
Mary
  • #1,782
  • Jul 19, 2009 1:56pm Jul 19, 2009 1:56pm
Quoting marisialb
I don't think FX Pro allows micro lots. The smallest lot size you can use with them is .10

Hope this helps,
Mary
That's right, you should have seen errors in MT4 because of the lot size.
"Hate the sin, love the sinner." - Gandhi
  • #1,783
  • Jul 19, 2009 2:01pm Jul 19, 2009 2:01pm
Thank you for your answers I will eat now, then open another demo account with $10000 and see if it works But when I tried to backtest it with Admiral Markets I had the same problem...
  • #1,784
  • Jul 19, 2009 7:44pm Jul 19, 2009 7:44pm
Quoting TheGabriel
Well the only loss i hav was on GBP-USD and that day all the trades together for this pair with loss too, It still have been profitable for a few pips. For that day yes the loss canceled the profits. I will probably raise the TP to at least 50 pips, but the trailing doesn't seem to work.
Hi Gabriel, you need to use version 1.5c in order to have the trailling stop fonction work correctly. I still have to improve the trailling stop fonction when you have more than 1 order open. But 1.5c will work much better than the previous version.

Try it.

Actionpl
  • #1,785
  • Jul 19, 2009 7:46pm Jul 19, 2009 7:46pm
Quoting bshoe24
i found these in the doc in this thread "Instructions for Setting Up and Operating Firebird - June 1 2009.doc"

so if i want to have the EA start trading long on a break of a horizontal trendline (resistance) when in a range i would use #???

i tried various combinations below in strategy tester but, i ended up with buys and sells opening in the test when i only wanted long. i had trendline_watch=true. should trendanalysis be on too by the way for a scenario where i only wanted to initiate trading on the break of a trendline? i tried first...
See my answer at post 1749 to enable the ea to wait for a trendline break before it will start to trade.

Bye
Actionpl
  • #1,786
  • Jul 19, 2009 7:50pm Jul 19, 2009 7:50pm
Quoting madscalp
I wanted to backtester only the Asian session with trendanalysis false.
Unfortunately it's impossible : I'm thinking the open and close hours of the EA are not working correctly.

This section of the Firebird have never been touch, i will verify if the code work for specific hours window.

Thanks for the observation

ActionPl
Best regards
  • #1,787
  • Jul 19, 2009 9:41pm Jul 19, 2009 9:41pm
Quoting Actionpl
[color=Blue]The new rules will prevent us to have two open positions buy and sell at the end of the day....
I did some more research on this new rules. Here the link to read the new rules. Go at the end of this report. http://forex-systems-reviews.com/NFAreport.pdf. This report will also gave you a list of brokers with their responce to those new rules. A MUST TO READ

As you can see, Stoploss and Take profit will still work.
Edging will not work from day to day but will work on a given day.
FIFO rule will prevent us to have multiple order with the same lot size. So this mean that with version 1.5c and earlier, you will need to set variable
MaxOpenOrders=1 if you want to follow this rule.

There is a way to get around that, it is to have lot size change for eah trade. I will have to change the EA so it will change the lot size by an increment that you will specify each time a trade is open. This way, we will not go agains the FIFO rules starting the 1 of August. So the first trade will be at 0.1 lot, the second trade will be at 0.11 lot and so on.(If the increment is 0.01 and if your broker accept microlot). I will have the EA customize in such a way that people will be able to select the initial lot size as we have now and the increment. So you will be able to customize it to your broker requirement.

I can't guarantee that this will be ready for the 1st of August since it required change to the code and i will be in vacation. So next version will have this feature and the improvement on trailling stop fonction as described last week.

Have a great summer.

Bye
Actionpl
  • #1,788
  • Edited 4:18am Jul 20, 2009 4:03am | Edited 4:18am
I think to have a better risk managemend we should include in the EA code, the strategy of scaling in and out of positions, basically let's say we have this situation:

1) We open a trade of 0,3 lots with tp of 90 pips.
2) At +30 pips the robots closes 0,1 of the position and moves the take profit to breakeven.
3) At +60 pips the robots closes the other 0,1 of the position and if the price goes to +90 pips we're out with a total of 180 pips with 0,1 lotsize, if not it will go to the stoploss wich is at breakeven and we don't lose a penny and we get 90 pips with 0,1 lot size.

If you don't get it, see here

There already are some ea that do this but we can attach 2 eas on the same chart so we have to include it in the code or have 2 MT4 opened for the same account with the 2 eas attached.
"Hate the sin, love the sinner." - Gandhi
  • #1,789
  • Jul 20, 2009 1:49pm Jul 20, 2009 1:49pm
[quote=TheGabriel;2883802]An update for the automatic EA guys, I'm getting back to semiautomatic, will continue to test full automatic EA but it works good for ranging markets, not trending ones, so we must make it work the semiautomatic way anyway.

Excuse me, why? I am looking at this:
http://fxprogabriel.mt4live.com/
then why?
  • #1,790
  • Jul 20, 2009 3:37pm Jul 20, 2009 3:37pm
This will be greatly appreciated. One other thing is if you can add an option that makes the TP and SL hidden, it will be nice, some brokers hunt down SL.

TIA ActionPL.

Quoting Actionpl
I did some more research on this new rules. Here the link to read the new rules. Go at the end of this report. http://forex-systems-reviews.com/NFAreport.pdf. This report will also gave you a list of brokers with their responce to those new rules. A MUST TO READ

As you can see, Stoploss and Take profit will still work.
Edging will not work from day to day but will work on a given day.
[color=blue]FIFO rule will prevent us to have multiple order with the...
  • #1,791
  • Edited 1:22pm Jul 21, 2009 10:56am | Edited 1:22pm
Quoting Anaphylaktos
Excuse me, why? I am looking at this:
http://fxprogabriel.mt4live.com/
then why?
It's because i've tested the automatic EA for less than 1 month, this means that there still are possibilities for me to have losses and having a SL of 300 pips and TP of 30, it means I'll instantly blow up 10 winning trades. With the profits I have right now, if I get 10 STOP LOSSES wich is possible as it opens many trades at time, i lose the profits of a month.

This EA is a risky environment if it's not profitable for long, and you need a big account to trade with this stop loss.
"Hate the sin, love the sinner." - Gandhi
  • #1,792
  • Jul 21, 2009 3:09pm Jul 21, 2009 3:09pm
I am testing the same strategy ( or settings ) as you have tried according to ayoneejee, but I am getting better results with the "original" settings of the FB 1.5c ( I know they are NOT according to the first Firebird philosophy! ). Please, find my prevoius post. I must say that my settings are a little bit tweaked ( 5digits: TP:500, SL:1200, TS:200, Trigger:200, PipStep 1 million ). I would say that your settings MUST be more succesfull ( TF 240 instead of the 5, etc ). But according to my tests they are not. So far. I am surprised: H4 strategy should be more reliable I think.
Yes, my ( forward demo and real ) tests are only running for 2 weeks and that is nothing. Let's keep going on..... Keep us informed, please. So let do the others. I will post my findings as well.
Bye!


Quoting TheGabriel
It's because i've tested the automatic EA for less than 1 month, this means that there still are possibilities for me to have losses and having a SL of 300 pips and TP of 30, it means I'll instantly blow up 10 winning trades. With the profits I have right now, if I get 10 STOP LOSSES wich is possible as it opens many trades at time, i lose the profits of a month.

This EA is a risky environment if it's not profitable for long, and you need a big account to trade with this stop loss.
  • #1,793
  • Jul 21, 2009 3:24pm Jul 21, 2009 3:24pm
I think my settings (they're the one on TF 4h yes) are working just because I'm using a big SL of 300 pips as someone already said.

Out of about 100 trades there's only one loss but this month we've seen markets in ranges, not trending one so I'm about 70% sure there are big losses to come. I think the key still is to be able to identify the trade for the day and let it do semiautomatic on 5M TF.

I don't suggest you to run it live, I've had a trade live going on that was opened 2 weeks ago!
"Hate the sin, love the sinner." - Gandhi
  • #1,794
  • Jul 21, 2009 4:03pm Jul 21, 2009 4:03pm
Quoting TheGabriel
It's because i've tested the automatic EA for less than 1 month, this means that there still are possibilities for me to have losses and having a SL of 300 pips and TP of 30, it means I'll instantly blow up 10 winning trades. With the profits I have right now, if I get 10 STOP LOSSES wich is possible as it opens many trades at time, i lose the profits of a month.

This EA is a risky environment if it's not profitable for long, and you need a big account to trade with this stop loss.
Tell me about it, ive just blow a 900GBP live account on this with the EUR/USD, GBP/USD, EUR,GBP

Account blew all today after some profits last week, orders made on thursday carried over and blew out today. All sell orders lot size of 0.1 on each pair.
  • #1,795
  • Jul 21, 2009 4:24pm Jul 21, 2009 4:24pm
Sorry about your margin call, i've lost more than that in Forex and I'm still here, so don't give up.

What was your SL/TP levels and how many trades you had opened all together?
With 3 pairs you can only have 3 trades at time, so pipstep (99999...) and Max Trades 1, GBP USD is a risky pair too.

Let others know your settings if you want so we can see what was wrong. You did first test it for a few weeks at least?
"Hate the sin, love the sinner." - Gandhi
  • #1,796
  • Jul 22, 2009 7:46am Jul 22, 2009 7:46am
  •  Porky
  • | Joined Jun 2009 | Status: ...as in Porcupine, not the pig. | 34 Posts
Quoting chongsparks
Tell me about it, ive just blow a 900GBP live account on this with the EUR/USD, GBP/USD, EUR,GBP

Account blew all today after some profits last week, orders made on thursday carried over and blew out today. All sell orders lot size of 0.1 on each pair.

Do you mean you had an account with $900 (or lbs)? If so, the lot size of .1 seems very large. With that size of an account I wouldn't have a lot size bigger than .02.
Take your lot size and multiply it by your SL and the number of open positions and see if you can handle that kind of a loss. It is not that it CAN happen but that it WILL happen at some point. It doesn't matter how profitable a system is, you can't pocket money from an account that has been wiped out.

I like the profits I am seeing but the size of the SL required is scaring me off from a live account.

Hey TheGabriel, I see you removed the link to your account. It was looking hot for a while but last I saw it was heading into some serious drawdown. Has it been that far down before?
  • #1,797
  • Jul 22, 2009 8:30am Jul 22, 2009 8:30am
Actually I had only one loss out of 104-6 trades: http://fxprogabriel.mt4live.com/ It's positive for 3300 pips in 1 month of testing. We've been in ranges this month, this is why i think it worked very very well. I have to see a big trande like an uptrend that lasts for long, but i think we can work it out doing it semiautomatically. However is very likely that the EA would already have some opened trades before you see the big picture.

But I'm removing the link because I won't share the settings unless I find them safe for at least 2 months, as you've seen is quite easy to blow your account with this EA.
"Hate the sin, love the sinner." - Gandhi
  • #1,798
  • Jul 22, 2009 9:54am Jul 22, 2009 9:54am
This is my first post on FX factory, mostly because I didnt feel I had enough forex knowlege until now to make an edjucated post.

Anyways here it goes... I have been up and down this thread expermenting with different settings for the multiple Firebird EA's that are available. I have been using a strategy utilizing these systems on a live account for about a month now and has shown to be profitable. I know a month is short term however I have a good reason to believe the strategy will work for long term as well.

The strategy utilizes both full auto and semi driven firebirds.
As TheGabriel has mentioned the full auto system works very well on a ranging market but not trending.
So I have been trading 8 currencies at a time (the number of charts works well in a verticle sortment on MT4) and placing the fully auto firebird on only markets that are ranging, and then placing the semi auto firebird on the markets that are trending.

My results have been very pleasing. I have about 85% win rate and all my losses occured with the trending market which I have the semi auto version running which reduces S/L to 150 pips. Also my gains in the trending markets have been higher due to trailing S/L.

Now, I understand that the system can draw down your account and cause margin call, however if that happens it is most likely due to poor money management. Such as the above post having $900 and working with .1 (mini) lots. With that high of a risk he only needed 3 losses on the full auto ea and his account is vanished! 3 losses!!! IMO that is not good money management. I have been trading micro .01 lots and will increase the lot size by .01 every $200-$300 made. This way before I even reach the mini lot size I will have close to $5,000 in the account.

I am not an experienced trader (only about 3 months experience) but I do know good money management and I do know a good system when i see one and i believe this is it, I just hope it works long term.

Thats just my .02 cents
  • #1,799
  • Jul 22, 2009 10:07am Jul 22, 2009 10:07am
  •  Porky
  • | Joined Jun 2009 | Status: ...as in Porcupine, not the pig. | 34 Posts
Thanks bauerjj10. I don't post much either due to the fact that I have yet to turn a consistent profit on a live account.

If you don't mind me asking, what settings are you using for the fully auto version?
  • #1,800
  • Jul 22, 2009 10:22am Jul 22, 2009 10:22am
Quoting Porky
Thanks bauerjj10. I don't post much either due to the fact that I have yet to turn a consistent profit on a live account.

If you don't mind me asking, what settings are you using for the fully auto version?

TrendAnalysis = True
Manage Trade = True
HAS_timeperiod = 240
Chart_TimeFrame = 240
MA_lenght = 10
MA_timeframe = 1440

Only in ranging markets <---
this is key because the market wont even near your S/L

30-40 pip T/P
300 S/L
0 traders viewing now