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Attachments: Semi automatic EA (Driven Version)
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Semi automatic EA (Driven Version)

  • #1,801
  • Jul 22, 2009 10:26am Jul 22, 2009 10:26am
  •  Porky
  • | Joined Jun 2009 | Status: ...as in Porcupine, not the pig. | 34 Posts
Quoting bauerjj10
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

And you have this on the 5 minute chart?
  • #1,802
  • Jul 22, 2009 10:42am Jul 22, 2009 10:42am
Quoting Porky
And you have this on the 5 minute chart?

No.... Daily

Has anyone ever tried using firebird on an ECN broker such as PFG or MBtrading bridged?
  • #1,803
  • Jul 22, 2009 11:48am Jul 22, 2009 11:48am
  •  Porky
  • | Joined Jun 2009 | Status: ...as in Porcupine, not the pig. | 34 Posts
Quoting bauerjj10
No.... Daily

Has anyone ever tried using firebird on an ECN broker such as PFG or MBtrading bridged?
I have been on FXDD which is an ECN broker.
  • #1,804
  • Jul 22, 2009 12:16pm Jul 22, 2009 12:16pm
The problem in my opinion is to disable the EA when you see it gets out of range, because you'll already be in some trades that will hit SL. And in my case it came near the SL.
"Hate the sin, love the sinner." - Gandhi
  • #1,805
  • Jul 22, 2009 12:23pm Jul 22, 2009 12:23pm
Quoting Porky
I have been on FXDD which is an ECN broker.

FXDD is a market maker, however, that is what i am currently using.

I am talking a true MT4 ECN broker like PFG or MBtrading who takes commissions and truly has no deal desk.

I am just afraid that if my profits keep rising I will start seeing some stop hunting, and with true ECN and no deal desk thats not possible.
  • #1,806
  • Jul 22, 2009 12:29pm Jul 22, 2009 12:29pm
Quoting TheGabriel
The problem in my opinion is to disable the EA when you see it gets out of range, because you'll already be in some trades that will hit SL. And in my case it came near the SL.
Gabriel,
Do you think there may be a way to code into the EA to allow 2 horizontal trend lines that you could put near the support and resistance of a ranging market, and have your stops divided by 2 or whatever variable you choose?

This way if the market breaks free of its range your losses will be cut significantly.

I suppose this would not be fully auto though... what about bollinger bands? could the trade be cut if the market touches the top or bottom of the bands?
  • #1,807
  • Jul 22, 2009 12:32pm Jul 22, 2009 12:32pm
  •  Porky
  • | Joined Jun 2009 | Status: ...as in Porcupine, not the pig. | 34 Posts
Quoting bauerjj10
Gabriel,
Do you think there may be a way to code into the EA to allow 2 horizontal trend lines that you could put near the support and resistance of a ranging market, and have your stops divided by 2 or whatever variable you choose?

This way if the market breaks free of its range your losses will be cut significantly.

That makes sense. If the S/R lines are crossed then the EA would shut down and close trades on that chart.
  • #1,808
  • Jul 22, 2009 2:53pm Jul 22, 2009 2:53pm
Quoting bauerjj10
Gabriel,
Do you think there may be a way to code into the EA to allow 2 horizontal trend lines that you could put near the support and resistance of a ranging market, and have your stops divided by 2 or whatever variable you choose?

This way if the market breaks free of its range your losses will be cut significantly.

I suppose this would not be fully auto though... what about bollinger bands? could the trade be cut if the market touches the top or bottom of the bands?
Actually there's the trendline function in the EA that Actionpl coded if I'm right, I haven't used it but I'll try it and understand how it works.

I suggest you guys to also work on your manual strategy as backup if the EAs fail, you never now and can't totally rely on a robot, at least make a portfolio of EAs, but manual is still good.

To our success,
Gabriel
"Hate the sin, love the sinner." - Gandhi
  • #1,809
  • Jul 22, 2009 4:10pm Jul 22, 2009 4:10pm
  •  Porky
  • | Joined Jun 2009 | Status: ...as in Porcupine, not the pig. | 34 Posts
Quoting TheGabriel
Actually there's the trendline function in the EA that Actionpl coded if I'm right, I haven't used it but I'll try it and understand how it works.

I suggest you guys to also work on your manual strategy as backup if the EAs fail, you never now and can't totally rely on a robot, at least make a portfolio of EAs, but manual is still good.

To our success,
Gabriel

You are right on both counts.


I think the trendline function works backwards to this though. I think I enters when the trendline is broken rather than shut down.


I agree that EA's are prone to fail. But if it is mixed with manual discretion it should do wonders. I mean that it would enter at optimum times rather than waiting for me to get out of the shower or second guess myself. But it should be shut down or directed as a manual system.
  • #1,810
  • Jul 22, 2009 4:29pm Jul 22, 2009 4:29pm
If I have an open trade and the MT4 closes for any reason, once restarted, does the EA recognize that open trade or does it start from the beginning as if no trades are in the system? Thanks. Regards.
  • #1,811
  • Jul 22, 2009 5:05pm Jul 22, 2009 5:05pm
It recognizes the trade as they have magic numbers.

Quoting Porky
You are right on both counts.


I think the trendline function works backwards to this though. I think I enters when the trendline is broken rather than shut down.


I agree that EA's are prone to fail. But if it is mixed with manual discretion it should do wonders. I mean that it would enter at optimum times rather than waiting for me to get out of the shower or second guess myself. But it should be shut down or directed as a manual system.

If we could put the stochastic divergence (daily) in the firebird code, to check overbought and oversold levels, the EA could decide by itself the daily trend and set it as buy or sell.

This would be a full auto EA. Stochastic Divergence on daily is powerful, even on 4H it is.

I'm not a coder so I can't do it, if everyone is willing to add the stochastic divergence check is everything we need. And we could cut this SL at half i think, 300 pips is too much.
Let's make this happen.

To our success,
Gabriel
"Hate the sin, love the sinner." - Gandhi
  • #1,812
  • Jul 23, 2009 1:55pm Jul 23, 2009 1:55pm
Quoting TheGabriel
It recognizes the trade as they have magic numbers.




If we could put the stochastic divergence (daily) in the firebird code, to check overbought and oversold levels, the EA could decide by itself the daily trend and set it as buy or sell.

This would be a full auto EA. Stochastic Divergence on daily is powerful, even on 4H it is.

I'm not a coder so I can't do it, if everyone is willing to add the stochastic divergence check is everything we need. And we could cut this SL at half i think, 300 pips is too much.
Let's make this happen.

To our...
Right now FB uses Heiken Ashi(HA) to determine the trend on the H4 timeframe (240) by your settings. This would cause SL's when the trend changes. Are you proposing using the Stochastic Divergence to try to find when it is overbought/sold so that it determines that the trend is going to change before the HA can?

To cut SL's we can try to do two things, one to cut out losses when the HA trend changes (probably less than 300 pips). Or secondly try to add the Stoch indicator to see when it is overbought or oversold to cut our loss then (probably less than 300) or try both.

I need to know what exit rules to follow using the Stoch. Indicator as I haven't used it before. I can code it in.

Again this is trying to automate a process that a professional would do by driving this EA semi-automatic with trend lines to define the entry/exit points of a trend. You can use trendlines to exit your trades, as well as enter.


Jag
  • #1,813
  • Jul 23, 2009 3:07pm Jul 23, 2009 3:07pm
£900 GBP is Pounds £ not lbs, that is weight , Yes it was £ pounds which equal to about $1500 USD, 0.1 lots is still $1 per pip even though my balance was in pounds, its not £1 per pip.

0.1 lot size was the very minimum i could use with my broker.

Oh well nevermind it was money i could aford to loose and the fault was my own for not setting the EA to less than 5 max orders.

All i can say is that i will learn from my mistake and maybe come out the good side with my next deposit.



Quoting Porky
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....
  • #1,814
  • Jul 23, 2009 3:24pm Jul 23, 2009 3:24pm
I don't like the heiken hashi candles very much as they are lagging, you see the changed trend always later.

TF= 4H (240)

http://www.forexfactory.com/attachme...1&d=1248380166


The logic behind the entry points:
1) If level is under 30, only buy.
2) If level is over 70, only sell.
3) If level is between 50-70 or 30-50 follow the stochastic cross direction.

As exit point, this would mean a dinamic take profit right? This would mean a whole different strategy.

I have one in mind wich with tp/sl = 1 would give winning trades of over 90% (i still have to lose one trade in manual trading and with 3 currencies makes 180 pips a day sometime), but that's a different strategy wich provides 1 or maximum 2 trades a day per currency and would work only with GBP/JPY, GBP/USD and EUR/GBP as they move a lot...i think would work with even others if tp is not that 60-90 pips as average...maybe about 40 pips.

Lets make firebird work at least because it can be very profitable, if you want we can work on my EA wich very simple and solid logic behind (still cross on 50 line but other indicators).
Attached Image
Attached File(s)
File Type: mq4 Stochastic_DivergenceMTF.mq4   15 KB | 527 downloads
"Hate the sin, love the sinner." - Gandhi
  • #1,815
  • Jul 23, 2009 4:21pm Jul 23, 2009 4:21pm
I have also found a Stoch Div on another forum along with a EA that uses it... maybe someone can utilize some of this code.
Attached File(s)
File Type: mq4 Stoch close Stochastic Divergence Trader v2.03.mq4   10 KB | 567 downloads
File Type: mq4 Stochastic_Divergence V2.mq4   6 KB | 542 downloads
  • #1,816
  • Jul 23, 2009 4:22pm Jul 23, 2009 4:22pm
Nice , knew about the stochastic EA, but the stochastic as entry point is not enough....so that EA will perform poor I think
"Hate the sin, love the sinner." - Gandhi
  • #1,817
  • Jul 23, 2009 4:50pm Jul 23, 2009 4:50pm
Quoting TheGabriel
Nice , knew about the stochastic EA, but the stochastic as entry point is not enough....so that EA will perform poor I think

Your correct, I backtested it and it performed poor... I just figured someone could possibly use some of the code to make things easier
  • #1,818
  • Jul 23, 2009 6:30pm Jul 23, 2009 6:30pm
Quoting ayoneeyee
Trade for the week end - June 15-19, 2009. Using Firebird EA v3.1a and driving it both directions;

HAPPY POSITIVE PIPS NEXT WEEK and big thanks to all contributors to this extra-ordinary EA.

Attachment
hello ayoneeyee,
can you please send me that version:v1.3a
[email protected]

i cant find it anywere
or send me the link on the thread were can i find it.
thank you very much
best
ram
  • #1,819
  • Jul 24, 2009 3:26pm Jul 24, 2009 3:26pm
For everyone who is willing to do it automatically, let's set a goal:

Make this EA workw with risk/reward of 1, having the same number of pips as TP and SL, if we can do it this way, with small take/profit and s/l: it would be a good EA. It's too easy to keep positions for long praying God we're in range markets.

As predicted, in my statement losses are showing up, so I had a point when I didn't want to share the settings and ruin some newbie live account:
http://fxprogabriel.mt4live.com/
"Hate the sin, love the sinner." - Gandhi
  • #1,820
  • Jul 24, 2009 5:33pm Jul 24, 2009 5:33pm
Actually it would be better to have even a bigger tp than sl but with this EA I don't think is a possible scenario.

Banks have thousands of traders doing manual trading, they invest millions in developing systems for manual trading so there's evident that EAs tend to fail over time and we can't rely on them.

What we can do is have a good money management in our EA and at least try to get a 60% winning rate with 1:1 risk/reward, or have even a lower risk/reward with the same rate of success, that would mean more money.

Do someone think we can make this EA enter on the direction of the trade and manage to get some fast 10-15 pips, without having a big retracement so we can keep the SL small?
"Hate the sin, love the sinner." - Gandhi
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