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Semi automatic EA (Driven Version)

  • #1,901
  • Jun 5, 2010 6:21pm Jun 5, 2010 6:21pm
You guys keep saying this EA and that EA...i just want to know which EA and where to get it? why do u guys keep avoiding these questions?
Anything can happen in FOREX. There's no 100% sure
  • #1,902
  • Jun 6, 2010 4:26pm Jun 6, 2010 4:26pm
Quoting zukies
What is MPTM???????? and how does one use? Can you link or explain?
This is a script created by Steve Hopwood that sets/adjusts stops, opens/closes trades, steps, trails...basically a complete trade management tool.
I use it quite often to set a global % SL so that of all trades that are open, it can take profit or stop loss at a defined $ amount or %. You can set it to only affect a particular magic number or all trades, etc. There's quite a bit of documentation + the tool ((free) at the site below.
Hope you guys find it as useful as I do,
Cheers,
Boston

http://www.forexfactory.com/showthread.php?t=89371
  • #1,903
  • Jun 7, 2010 12:24am Jun 7, 2010 12:24am
check the first post of this thread.

Quoting piptastic
You guys keep saying this EA and that EA...i just want to know which EA and where to get it? why do u guys keep avoiding these questions?
  • #1,904
  • Jun 15, 2010 6:28am Jun 15, 2010 6:28am
Is anyone actually USING Samurai's V1.3b EA together with the Demark_trend_new indicator. I'm DESPERATELY trying to find out how this indicator WORKS. What I mean is I've been trying to see how it works on M1 (see how it operates in quick time before I use it on D1) and the lines keep changing so one doesn't really know HOW this works, there are various lines (thick and thin) and an X and arrow, does the arrow indicate buy and sell or what, can someone PLEASE send me a lot of info on this indi and if i have other questions about it if you'd be willing to give me a hand I'd really apprecite it, what would be even BETTER is to take V5D and continue on where Action left off, he nearly had it perfect but unfortunatly he hasn't posted here for a LONG time. Perhaps one could even CODE this indi INTO this bad boy?????????
Appreciate someone's help here???
  • #1,905
  • Jun 18, 2010 1:07pm Jun 18, 2010 1:07pm
Allo to everyone,it's a pleasure to be here between you guys.

I have a question about this ea.i put it on demo on alpari and Jadefx,It opened a position on alpari,but nothing on jadefx.how's that possible?

Did it open positions today on your accounts?
  • #1,906
  • Jun 21, 2010 8:06am Jun 21, 2010 8:06am
I'm Trying to make it work on jade fx but it doesn't open positions.All is set up in the right way,but while it opens positions on alpari,it doesn't on jdefx (i have live account only on jade fx).could someone help me?
  • #1,907
  • Jul 16, 2010 3:13am Jul 16, 2010 3:13am
Is anyone able to amend the code so that Firebird v1_3b is ECN compatible?
  • #1,908
  • Jul 25, 2010 10:37am Jul 25, 2010 10:37am
Sorry guys Im not active here anymore. Im discussing this SAR idea with someone at the moment and I'll attached resoults of some tests I did a while ago. This aproach can be tuned up for sure, but I tryed the easiest way, simpley: When SAR dot shows up above price, we go short, and we ride short until dot shows up under price, then we change to Long. Thats it.
I didnt test this live so I dunno. Oh..and as I remember there was no SL and TP was 100pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: e_u_backtest0,002.gif Size: 46 KB
Click to Enlarge Name: e_u_backtest0,004.gif Size: 52 KB
Click to Enlarge Name: gu_backtest_0,002.gif Size: 53 KB
Click to Enlarge Name: gu_backtest_0,004.gif Size: 59 KB
  • #1,909
  • Jul 25, 2010 10:44am Jul 25, 2010 10:44am
Quoting Gizzzmo
Allo to everyone,it's a pleasure to be here between you guys.

I have a question about this ea.i put it on demo on alpari and Jadefx,It opened a position on alpari,but nothing on jadefx.how's that possible?

Did it open positions today on your accounts?
Probably couse of different feed, EA sometimes dont open positions all day but in general in a few days it should open trades. Check settings on mt4 and EA again if all good. Oh and it depends what pair are u trading, it dont work on all pairs.
  • #1,910
  • Sep 14, 2010 4:30am Sep 14, 2010 4:30am
Hi guys,

I have been trying the template given by Samuraipower... the one which shows Heiken Ashi Candles, a yellow 21-EMA, and the indicator which shows arrows that signal buy and sell.

But I noticed one thing... (i dunno if it's my imagination... But I assure you, I am recording things on a journal)...

Sometimes, the indicator (w/ arrows) shows buy/sell signals on the previous candle, but suddenly, in the middle of the day, the signal of the PREVIOUS candle just disappears. This usually happens when the signal is opposite of what the market is doing. It seems that the indicator is hiding its mistake?

Let me give an example:

The daily candle of GBP/JPY showed a BUY on 09/12/10. So on the open of the candle of 09/13/10, I entered a BUY trade. Unfortunately, GBP/JPY went south instead of north (horrors! a 100+ loss). And guess what... the BUY signal generated on the 09/12/10 candle is nowhere to be found!!

This is mysterious for me because, I traded on the candle AFTER the candle which showed the signal.

Have you encountered this?

I think this occurrence can really endanger the reliability of the EA, since we would sometimes be driving it in the wrong direction.

Feedback would be appreciated.
  • #1,911
  • Sep 29, 2010 11:26am Sep 29, 2010 11:26am
That indicator repaints...That means DO NOT TRUST iT !! Or better erase that indicator from template. Those arrows are there just to give u a clue whats going on with the price NOT to make trading calls with it. You will find out that most indicators repaints or lag so your best indicator is PRICE. By that I mean Price action - Candle Formations itc...
  • #1,912
  • Sep 29, 2010 4:37pm Sep 29, 2010 4:37pm
You do not need any hieken ashi candle to trade this system. Just place 3 emas on the 4hr chart 30/60/120 whatever direction they face trade the EA that way. For your info I trade the EA live and profitable. Just use good money management. To give you an idea of how profitable the system is. Go through all the pairs and watch what happens when price breaks or touches the 4hr 120ema (20 ema on daily).
Quoting pugnacious
Hi guys,

I have been trying the template given by Samuraipower... the one which shows Heiken Ashi Candles, a yellow 21-EMA, and the indicator which shows arrows that signal buy and sell.

But I noticed one thing... (i dunno if it's my imagination... But I assure you, I am recording things on a journal)...

Sometimes, the indicator (w/ arrows) shows buy/sell signals on the previous candle, but suddenly, in the middle of the day, the signal of the PREVIOUS candle just disappears. This usually happens when the signal is opposite of what the market...
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #1,913
  • Sep 30, 2010 4:55am Sep 30, 2010 4:55am
Quoting okehiedon
You do not need any hieken ashi candle to trade this system. Just place 3 emas on the 4hr chart 30/60/120 whatever direction they face trade the EA that way. For your info I trade the EA live and profitable. Just use good money management. To give you an idea of how profitable the system is. Go through all the pairs and watch what happens when price breaks or touches the 4hr 120ema (20 ema on daily).
Good idea...so I guess start would be when price nicely breaks ema120 right, then all emas just start facing same direction. But always had been a problem when to stop trading and pause. How you deal range market? would be nice to hear more from you mate.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 54 KB
  • #1,914
  • Sep 30, 2010 5:30pm Sep 30, 2010 5:30pm
Quoting gasgas
Good idea...so I guess start would be when price nicely breaks ema120 right, then all emas just start facing same direction. But always had been a problem when to stop trading and pause. How you deal range market? would be nice to hear more from you mate.
gasgas

Thank you for your question. I trade with the 30/60/120 ema on the 4hr as part of my trading repertiore that includes the (GU intraday system-my creation). Now the key to using this EA as long as price remains below the 120 ema with the 30 and 60 ema in line, I remain short and vice versa. I only change when I have a daily close above or below the 120 ema. (I adjust the ea only on a daily close.

Then I enter the trade in the direction of the new trend. At this time I am watching the last swing low or high on the 4 hr as a confirmation of the new trend as long as price does not break below that low the new trend is valid(definetly there would be a pull back).

Otherwise the simpler way is to search for pairs with already established trends using the 3 emas and drive the ea that way. For example this is the chart of the euraud, you can see what happened when price broke the 120 ema on the 4 hr price pulled back and found support there. This also concided with the 1.4000 round number barrier zone. So we have a daily close above and I will drive the ea long until price breaks below and closes off the 120 ema on a daily close. Trading like this you would have less whipsaws and catch those big moves that the forex market is known for.
It also gives you time to check up on the market news and know what is driving price action, thereby giving you more confidence on your trades. I hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud.gif Size: 30 KB
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  • #1,915
  • Sep 30, 2010 7:28pm Sep 30, 2010 7:28pm
Quoting okehiedon
gasgas

Thank you for your question. I trade with the 30/60/120 ema...

So sir, according to you we should go Long on eur/aud? what will be your TP?
Thanks.
  • #1,916
  • Oct 1, 2010 7:24am Oct 1, 2010 7:24am
Can I ask you okehiedon on which pairs do you trade?
And do you use the Ea posted on the first post, or something modified or with different settings?
Thanks in advance.
  • #1,917
  • Oct 1, 2010 8:53am Oct 1, 2010 8:53am
Quoting okehiedon
gasgas

It also gives you time to check up on the market news and know what is driving price action, thereby giving you more confidence on your trades. I hope this helps.
Thank you Sir for quick response and answers. Trading like this makes sence in many ways. Will look more into that and mabey start trading this EA again. Minde me asking also what is your pip step, TP and SL settings?
Or mabey even with no SL since its manually controled.

TIA
  • #1,918
  • Oct 1, 2010 10:51am Oct 1, 2010 10:51am
Alright guys sorry, I did not answer your questions immediately.

1. I trade all the majors including the major exotic pairs.

2. I trade the EA with the ATR value of each pair. i trade using 3 trades for each pair with a total risk exposue of 6 per cent

3. I first run through all the pairs looking for established trends using the 30/60/120 ema. These are the pairs I give priority. Then I keep my eyes on potential trades. Go through the charts with just the 3 emas and you can see how effective this system is.

4. I use the same ea on this thread, i just drive the ea either short or long.

5. Never trade without a stop loss.

6. I use the default pip step but may adjust by 10-20 pips depending on the volatility of the pair.

7. Fundamentally, I am always long audusd and audjpy cause of the high interest rate differential.
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #1,919
  • Oct 2, 2010 6:32am Oct 2, 2010 6:32am
Quoting okehiedon
gasgas

Thank you for your question. I trade with the 30/60/120 ema...
You know okehiedon, you are a HERO, it seems like this driving idea WORKS!
So..to all those who are keeping tabs on this thread I think we need to add okehiedon on the celebrity list for THIS specific EA:

Samurai:For thinking up such a brilliant idea for this EA
Pips: for programming AND improving it continuously AND
Okehiedon: For a very good idea on how to actually DRIVE this baby

So well done and thank you!

I'm sure all readers here agree these three deserve a round of applause "clap, clap, clap".

Ok, now that's out the way, Oke, I like your way of STARTING the trend, I just have a question concerning it:
1) You speak of "price" going over last swing (H4), is this now CLOSING price or price in general?

2) Referring attachment:
I'm giving a long trend example here now: On Monday just gone (3/9/2010) daily closed above 120ema on EUR/USD pair, now on H4, as far I can see the lowest price here is 1.2587 now you say the price mustn't go further down 1.2587 if it does then the trend isn't valid, which ulitimately means one cannot go long? There is one thing i don't understand is how do you determine these "swings" where to pick up these swings for lowest prices to declare a trend invalid and do you use ema's for these swings? Far i understand 31/08 @8am and 10
10/9 @ 4am are "bottom" swings and it hasn't gone further under than 1.2587 which means coming "long" trend is still valid???

3) Also, I'm not sure if my strategy is correct but in the example because the H4 is under ema 120 it means a possible LONG on D1 correct??


Thank you
Attached File(s)
File Type: doc Doc1.doc   156 KB | 341 downloads
  • #1,920
  • Oct 2, 2010 6:54am Oct 2, 2010 6:54am
Quoting behman8850
So sir, according to you we should go Long on eur/aud? what will be your TP?
Thanks.
Hi Behman,
As far I understand no, EUR/AUD isn't ready to go long yet,
reason: D1 closing price isn't above 120 ema yet

Oh, one more thing Oke i forgot to ask, in the previous comment i sent the price never went further down, but IF closing price had been above 120 ema on D1 and H4 price gone further down than 1.2643 one can then continue short correct (if you WERE ALREADY short on previous trade-meaning say you were short then D1 closing went above 120ema and the pair started ranging, D1 closing then went below)?
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