Semi automatic EA (Driven Version)

Here are the back test results for aussie:
(I am using the same settings..that I used for euro!!)


12-02 to 12-07 buy:
net profit=631

12-7 to 12-8 sell:
net profit=382

12-10 to 12-16 buy:
net profit=19.6

12-20 to 12-27 buy
net profit=312

12-28 to 1/04 buy
net profit=304

1-04 to 1-12 sell
net profit=718.8

1-12 to 1-14 buy
net profit=176.9

1-14 to 1-17
sell
net profit=312.8

1-18 to 1-20
buy
net profit=217

1-20 to 1-24
sell
net profit=114.8

TOTAL = APPROX. 3,000 $ IN THESE 2 MONTHS

The max drawdown % for any of these trading period- 3.35% or 336 $

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.

1.strategy tester results in the attachment..

2.I WILL BE posting the screen shots with the template showing the areas of trades taken for back testing..soon

Thanks

Hi,
thanks for shareing yor results. It is really intresting. But I do not understand how you set your stop loss ? Because in the EA it is fix. Or do you change your stop loss in the EA ? Do you use the trend lines ?

I am going to try your system.

Thanks in advance
Szabolcs

Since trend analysis is set to false so trend line is not being used by supercat. I dont know how the ea is using cornflower ema for exit...and when to set ea on

hi all,
how to use daily chart to determine the trend? i can only check once on every morning before i go to work.
thank you

Supercat1977 ,

Thank you for sharing your results . I think, they are very good, only I am worried about the $791.2 maxDD for $1.00 lot, but , in the end no Losses right ... and a very nice profit overall. I am looking forward to testing it.

Szabolcs,
yes, The stop loss is hard coded in the firebird to 200 or 300 pips..
but, we should monitor the trades with a MA stop loss EA (for forward testing) to reflect the effect of my back testing...

so that the MA trail stop takes over the fixed stop once the firebird is running..(provided price moves above or below the 24 ema)

In my forward testing..
yes, I am using the trend lines...I think thats the only way to make this thing work in a specific direction based on the trend.

Also, I am using this EA for my MA trailing stop loss (same pair but a different chat)
http://www.forexfactory.com/showpost...59&postcount=4

and the settings are explained here:
http://www.forexfactory.com/showpost...36&postcount=6

yes, let us know how the system works for you...
its basically a trend system with multiple orders at small intervals...
and not letting any of these series of trades go out of control by using an EMA trailing stop loss.

Thanks.



Hi,
thanks for shareing yor results. It is really intresting. But I do not understand how you set your stop loss ? Because in the EA it is fix. Or do you change your stop loss in the EA ? Do you use the trend lines ?

I am going to try your system.

Thanks in advance
Szabolcs

indranghimir ,
In my forward testing...
yes, I have to use trend analysis set to true..
if not the firebird doesnt take any trades

my results are for back testing.
for forward testing..we have to combine this with a MA trailing stop loss EA along with this...for my theory to work.

The ea is turned on once the price crosses the 24 ema..up or down..
then...use trend lines to command the automation.

Thanks




Since trend analysis is set to false so trend line is not being used by supercat. I dont know how the ea is using cornflower ema for exit...and when to set ea on

Footy,
If you are going to use the daily chat..you could have a bigger drawdown...BUT of course with bigger GAINS...
and less frequent intervention.

I cannot stomach anything that has a max. DD of more than 10-15%...
its totally against my trading principles.

But..please let us know how it is working for you..
I would love to see your results.

Thanks


hi all,
how to use daily chart to determine the trend? i can only check once on every morning before i go to work.
thank you

sergen4,
There will be small losses..when the price is hugging around the 24 ema..
refer to the blue areas in my post 1956.
these are inevitable..we are helpless..the market will slice us anyways...
but since we have tight control with 24 ema..we do not lose much..
I havent taken the trades in the blue areas into consideration..
but, I can tell you its negligent considering the overall gains.

You could limit your DD by manipulating these 2 variables in the settings:
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;

MaxOpenOrders=5 (max. no. of open trades at one time floating); reducing this...will surely decrease the drawdown..


PipStep=100 (opens a trade at every 10 pips); increase to 20 or 40, would reduce the DD as well..

But, keep in mind that this will reduce your gains significantly.

Go for it..
I would love to see your results.

Thanks,




Thank you for sharing your results . I think, they are very good, only I am worried about the $791.2 maxDD for $1.00 lot, but , in the end no Losses right ... and a very nice profit overall. I am looking forward to testing it.

SCREEN SHOTS of the areas where the trades were taken for Aussie...

thanks for your new idea about entry and exit using firebird and conflower .
are you manually exiting the trade? i could not find out how to exit the trade by ea using ema 24.
i would love to contribute by carrying out forward testing.

indranghimir,
I am using this trailing stop ea for exit, because the trend line commands for close orders are not working for me:

An MA trailing stop loss
http://www.forexfactory.com/showpost...59&postcount=4

and the settings are explained here:
http://www.forexfactory.com/showpost...36&postcount=6

put it on the same pair but on a new chart.

I am not getting the results like the way I want it..
But, I think...I know the answer...I need to spend more time on this..

these are the trend line commands I was talking about..

 

1. UpTrend_Close_Alert_: will close all open buy order
2. DownTrend_Close_Alert_: will close all open sell orders

you could try and see if you experience the same problem or not..


because I think its very important that the EA stops creating orders once it crosses the 24 EMA...because that means we are changing directions...

would like your input on this..

Yes...I would love to see your forward tests..will help me learn about this more.

Thanks










thanks for your new idea about entry and exit using firebird and conflower .
are you manually exiting the trade? i could not find out how to exit the trade by ea using ema 24.
i would love to contribute by carrying out forward testing.

whos in the drivers seat

http://www.forexfactory.com/showpost...postcount=1617

This gives more information ON commands for trading with firebird.

dragan53,

Its Mr. Firebird!!




whos in the drivers seat

whens he getting fired

He is not on payroll!!

whats he on then,crack to work 4 3

supercat1977 ,

Thank you very much for all your help, support you have been kindly providing.

I have been continuing studying/reading this thread for a while now. With the settings you have provided I am getting incredible results (for me they are),
that I have to re-do it again if this is real . I back tested on GBPUSD December 01 2010 to feb 02 2011 with different profit targets . I am really pleased with the backtests results . Today I put the EA on Live Account with your settings but with 0.01 Lots about 7 hours ago , so far no trades no activity . I will inform back if this EA works on my broker, because with some other EAs, I used before, I sometimes get Error 130 invalid stops ,for reasons I dont know and when that happens the EA didnot work. I hope Firebird works on my broker.