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firebird semi-automatic
I'm new to TSD forum but have seen a few people testing this EA on another forum. There are a few different versions of this EA there.
The earlier versions which are identical to the original firebird-v63 use the
setting "long only" or "short only" which you can select yourself once you've established the direction of the trend on your daily or 4hr chart. This way the EA will open either short or long trades only i.e. trade in the direction of the trend. The problem with this kind of setting is that you have to be good at spotting trend reversals which is not easy (for me at least).
The latest versions (set to trade both long and short) use trendlines, which you would have to put manually on your chart, to determine the trend. As long as the price stays above/below the trendline the EA will keep trading in the direction of the trend. If the price breaks above/below all trades will be closed and you would have to draw a new trendline for the EA to start trading again.
Im not sure if I can post a link to the other forum, but would be great if someone could possibly combine firebird v3.2 with the latest version from the other forum (attached) to include Equity Protection and Hedge options.
Another thing, although I dont know if this would help, instead of drawing the trendlines manually could the EA be programmed so that it uses Gann Hi-Lo for entry and exits and maybe ADX to determine the trend direction and strength.
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