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

  • #1,941
  • Oct 7, 2010 3:42pm Oct 7, 2010 3:42pm
Quoting zukies
Tell me, is your TP/SL same for all pairs you trade? 100 and 300 (for 4 digit broker)?
I do not use a fixed tp/sl. I usually use 1.5 Atr to set my stops and targets. The rational behind the 1.5 is that in my opinion on a healthy trend price will pull back but would not close below the previous day low. So I believe that if price pulls back and hits my stops which is 1.5 ATR then the trend is weakening.
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  • #1,942
  • Oct 7, 2010 6:35pm Oct 7, 2010 6:35pm
Hi

I'm a new member in this forums. Hi to all guys.

I've been reading this post for hours and I'm really interested in tihs EA. Actually, I started trying on demo some of ther versions in full automatic on Metatrader some days ago, and I feel that this EA is great.

Does anybody use any version in full automatic real? What versions? I'm testing the original, 1.3a, 1.5 and 1.5c. Original and 1.3a are working ok, but 1.5b only traded once and 1.5c hasn't traded yet.

I read all the parameter configurations in this long post and don't know why 1.5c doesn't work, and 1.5b only once. Could somebody give some clues?

Thanks so much and congratulations for your great job guys!

Greetings
  • #1,943
  • Oct 8, 2010 12:31am Oct 8, 2010 12:31am
Just wanted to know which broker do you guys use on your live accounts?

Cheers
  • #1,944
  • Edited 8:40am Oct 8, 2010 8:13am | Edited 8:40am
Quoting okehiedon
I do not use a fixed tp/sl. I usually use 1.5 Atr to set my stops and targets. The rational behind the 1.5 is that in my opinion on a healthy trend price will pull back but would not close below the previous day low. So I believe that if price pulls back and hits my stops which is 1.5 ATR then the trend is weakening.
Thanks for that, I hardly know anything about ATR and have been googling on this subject. Am i right by saying that ATR for GBP/USD pair (one I'm currently trading) is sitting on (using 14 period) on the D1 TF: 152*1.5=228 TP/SL?

If I'm right with this calculation do you have to use the previous days candle value to use for TP and SL for all future orders (all the way down your retracement) and is TP and SL same??

Or is this comPLETELY wrong, if so, please help me with this?
  • #1,945
  • Oct 9, 2010 8:06am Oct 9, 2010 8:06am
Quoting zukies
Thanks for that, I hardly know anything about ATR and have been googling on this subject. Am i right by saying that ATR for GBP/USD pair (one I'm currently trading) is sitting on (using 14 period) on the D1 TF: 152*1.5=228 TP/SL?

If I'm right with this calculation do you have to use the previous days candle value to use for TP and SL for all future orders (all the way down your retracement) and is TP and SL same??

Or is this comPLETELY wrong, if so, please help me with this?
This indicator gives the daily range.
I input the 1.5 ATR value into the EA. Then using my risk mgt allowance I set the lot size. I sometimes just use 1x ATR depending on the strength of the trend and my perception of market sentiment
Attached File(s)
File Type: ex4 xADR_0.2.ex4   6 KB | 649 downloads
File Type: mq4 xADR_0.2.mq4   4 KB | 678 downloads
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  • #1,946
  • Oct 10, 2010 1:42pm Oct 10, 2010 1:42pm
Hi

Very interesting! Looks interesting the idea of conditioning your SL and TP to the ATR. I'm testing in demo some versions at the same time, and of course I'm testing your semi-automatic strategy wit the 30-60-120 EMA, but on 1.3a (I know you are using 1.5b). I'll let you know about my results...

What about fully automatic? Did you try Firebird v1.3a or any other versions with successful results? I've been testing v1.3a in full automatic in eur/usd for some days non-stop and it doesn't look bad. I know it's just only few days, but I want to try it for a long time in demo. So, of course, I'll tell you how it works!

I'm using 100 for SL and TP, with Ayoneeyee's sepcs (read back in the post). Is anybody else testing automatic?

Thanks

Greetings
  • #1,947
  • Edited 2:14pm Oct 10, 2010 1:43pm | Edited 2:14pm
Quoting okehiedon
This indicator gives the daily range.
I input the 1.5 ATR value into the EA. Then using my risk mgt allowance I set the lot size. I sometimes just use 1x ATR depending on the strength of the trend and my perception of market sentiment
Just three things:

1)Thanks for indi, from what I understand it's same thing as the default ATR , I MUCH prefer getting digital reading of ATR value than mousing over some wave at bottom, just can't understand why they have TWO periods for ATR instead of one? I'm also using (14) period because I believe its most popular amongst traders? just disregard the SECOND ATR.
The RmUp/down is just confusing though, according to the net when it's green it's "trade" when it's red it's "no trade"? I suppose this works in conjunction with TWO readings of ATR so if you have ONE reading of ATR(14) just watch that one's Rm???? (Risk Management???) and I see there's a VALUE for Rm, how would that work with this Risk management?

2) What pipstep you use for Eur pars (Aud, Gbp etc)

3) If one uses ATR as TP/SL then it would mean when price goes against you ATR gets smaller value meaning as trades open TP/SL gets smaller, so end of day SL would be on same price (roughly) for all open trades???

Thanks
  • #1,948
  • Oct 10, 2010 1:56pm Oct 10, 2010 1:56pm
Hi all,
I'm not sure if anyone is using 1.3b but i prefer it above the newer versions simply because it's simple and i got it to work the problem i have is I'm not sure how trustworthy and reliable my broker REALLY is, apparently they hunt stops and manipulate feeds so, I'm wanting to know if someone would be able to program 1.3b to add a line or two of code FROM v5d (cos it hides your trades) to hide the trades from the broker.
The other versions work with breakouts and I'm not exactly sure how to turn them off AND use "Uptrend/DownTrend_Alert_10" at the same time, perhaps someone could help me out with 5d or I just stick with 1.3b??
  • #1,949
  • Oct 11, 2010 12:30pm Oct 11, 2010 12:30pm
Quoting zukies
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...
My earlier quote, it wasn't pips who programmed this bot, it was Action PL, sorry guys so credits go to THIS person
  • #1,950
  • Oct 11, 2010 3:44pm Oct 11, 2010 3:44pm
Quoting zukies
Just three things:

1)Thanks for indi, from what I understand it's same thing as the default ATR , I MUCH prefer getting digital reading of ATR value than mousing over some wave at bottom, just can't understand why they have TWO periods for ATR instead of one? I'm also using (14) period because I believe its most popular amongst traders? just disregard the SECOND ATR.
The RmUp/down is just confusing though, according to the net when it's green it's "trade" when it's red it's "no trade"? I suppose this works in conjunction with TWO readings...
I usually use 3 orders for each pair. What that means is that I divide the ATR by 3 to get the pip step for each pair. Only the ADR value is relevant for this system.
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  • #1,951
  • Oct 11, 2010 4:18pm Oct 11, 2010 4:18pm
Hi Folks

Can somebody point me to the current version of the semi auto EA?

Thanks

WFX
  • #1,952
  • Oct 12, 2010 12:44pm Oct 12, 2010 12:44pm
Quoting okehiedon
I usually use 3 orders for each pair. What that means is that I divide the ATR by 3 to get the pip step for each pair. Only the ADR value is relevant for this system.
So you telling me that one divides the ADR value by 3 and NOT the ATR value? As also the TP/SL (the ADR value is used) and that you change your pipstep and TP/SL EVERYDAY because your ADR (or) ATR value changes daily???
  • #1,953
  • Jan 19, 2011 4:26pm Jan 19, 2011 4:26pm
Does anyone still use this EA?
  • #1,954
  • Jan 27, 2011 10:40am Jan 27, 2011 10:40am
I have been back testing this EA, firebird 1.5c ...combined with the cornflower 4H strategy,...
The results are unbelievable!!

I backtested on Aussie, kiwi and euro...for intermittent periods of time (once I see trends)..

Right now, I am forward testing with a moving average stop loss (24 ema)
so, that the trades do NOT go out of control...
its still early days of forward testing..
I will post my results soon..

I think this seems to be an experiment well worth my time.

Thanks
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #1,955
  • Jan 28, 2011 6:46am Jan 28, 2011 6:46am
Look forward to seeing your conclusions.

Cheers

WFX
  • #1,956
  • Edited Jan 30, 2011 12:00am Jan 29, 2011 6:50pm | Edited Jan 30, 2011 12:00am
Thanks WFX...

Like I said earlier...
I am posting my back tests results for euro...

Attached please find my screen shots of euro 4h chart with the cornflower tpl.

The way I take trades or start my automation of trades (meaning in real time : turn on the Firebird), is when the price crosses the cornflower EMA...i.e. EMA 24....
AND at the same time I use this same EMA as my stop loss...
so, my stop loss is being moved along the 24 ema up or down, depending on the direction of the trend..

This is the foundation.
(please understand this is a deviation from the cornflower entry method...
as explained by Lever70) I am using cornflower 4H only to monitor my trades.

attachments titled eurusd 1, and 2
shows where I enter (Yellow line)
and my exit (red line)..
REMEMBER, cornflower EMA is controlling my entry and exit.


(The blue areas in the screen shots are supposed to be where the trading hit some losses..as you can see, its minimal number of pips provided that the firebird is controlled by the 24 ema/cornflower)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-2.JPG Size: 128 KB
Click to Enlarge Name: EURUSD-1.JPG Size: 140 KB
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #1,957
  • Edited Jan 30, 2011 12:13am Jan 29, 2011 7:44pm | Edited Jan 30, 2011 12:13am
Here are the trades FOR EURO using Firebird (backtest only) as per the screen shots:

11-08 to 11-18 sell:
net profit=2181.1

 11-18 to 11-22 buy
net profit=122.2

 11-23 to 12/01 sell
net profit=2079.0

 12-02 to 12-07 buy
net profit=708.05

 12-17 to 12-22 sell
net profit=831.3

 12-29 to 1-04
buy
net profit=680.0

 1-05 to 1-12
sell
net profit=589.06

 1-12 to 1-28
buy
net profit=2809

TOTAL = APPROX. 9,000-10,000 $ IN THESE 3 MONTHS

The max drawdown % for any of these trading period- 7.18% or 791.2 $



All numbers are relative to a 10,000 dollar micro account...(LOT SIZE 1 PIP = 1 DOLLAR)

These are back test results and not forward tests..SO.. nobody should try this at home or elsewhere on a live account.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #1,958
  • Jan 29, 2011 7:55pm Jan 29, 2011 7:55pm
Attached find the cornflower 4H template
and the firebird 1_5c...
for download, that I used for back testing.

The settings for back tests are as follows:

s0="Section for Trend Analysis"; TrendAnalysis=false*; EmailAlert=false; PopupAlert=false; TrendLine_watch=false; Reduce_factor=2; Trend_line_Keep=3; AutoTrend_timeperiod=240; s1="Section for Autotrade"; Manage_Trade=false; Heiken_Ashi_timeperiod=240; index=1; email=false; s2="Section for FireBird"; Chart_Time_Frame=5; MA_length=21; MA_timeframe=5; MAtype=1; Percent=0.05; TradeOnFriday=1; slip=25; Lots=0.1; MaxOpenOrders=5; SafeArea=10000; PipStep=100; TakeProfit=1000; Stoploss=2000; s3="Section for Trailing stop"; TrailingStopFlag=false; TrailingStop=200; TStrigger=200; MinMarginLevel=250; TradeFrom1=0; TradeUntil1=24; TradeFrom2=0; TradeUntil2=0; TradeFrom3=0; TradeUntil3=10; TradeFrom4=0; TradeUntil4=0; s4="Section for iFXAnalyzer"; Fast_Period=23; Fast_Price=1; Slow_Period=84; Slow_Price=1; DivergenceLimit=0.1; Use_V63D_Divergence=false; IncreasementType=0; PipsLoss=500; GMT=2; DST=0; OpeningHour=0; ClosingHour=24; writelog=0;

* = changes to true for forward testing
Attached File(s)
File Type: mq4 Firebird-v63H04_H_Ashi_Trend_vs1_5c.mq4   43 KB | 638 downloads
File Type: tpl cornflower.tpl   2 KB | 526 downloads
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #1,959
  • Edited 8:19pm Jan 29, 2011 8:02pm | Edited 8:19pm
also note that
1. The settings are for 5 digit brokers.

2. The blue areas in the screen shots (post 1956) are supposed to be where the trading hit some losses..as you can see, its minimal number of pips provided that the firebird is controlled by the 24 ema/cornflower.
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
  • #1,960
  • Jan 29, 2011 8:27pm Jan 29, 2011 8:27pm
attached find the strategy tester output.

I will be posting my results for the other pairs (trending only) soon..

Thanks.
Attached File(s)
File Type: zip BACKTEST EURO -FB 1.zip   23 KB | 445 downloads
"Quod me alit, me extinguit" - Pericles, Prince of Tyre
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