Angry Bird (Scalping) - Page 3
Page 3 of 7 FirstFirst 1234567 LastLast
Results 21 to 30 of 63

Thread: Angry Bird (Scalping)

  1. #1
    Trader
    Join Date
    Aug 2013
    Location
    Undercover
    Posts
    999
    Thumbs Up
    Received: 189
    Given: 204

    Angry Bird (Scalping)

    Hello Everybody! It is really pleasing to take part in another contest here. I must say thanks to forum admin, forum mods and roboforex from bringing another very important contest for us. We are here now to discuss about Forex Advisors. You will find many EA in the market for free and for sell. I wish to represent my discussion as good as possible for you all.

    You will find million traders who are not just comfortable with advisors. They just love trading manually and found good results. And many going to take advantages of automated trading using some advisors. If you can use your advisor effectively it will do the same thing in trading what you do normally.

    I am basically a scalper. So I love to get an advisor that can do the same thing as I do when trading. And I got one which suits me. And it is Angry Bird (Scalping). It is very much sensitive. But before I go to discuss about it lets us know what are these advisor actually is.

    Expert Advisor:

    It is a kind of software which is generally written in C++ programming language for meta trader platform. This program is written in such a way that it can read price feed from the data provider through our trading platform. And depending on the flowchart it just advise traders which trades to make or can be programmed to automatically execute the trades on a live account or demo account. Simply most traders don't understand what is written inside the code. It is very good if you can build your own EA, believe me you need not to be an expert programmer to make our own EA.

    Angry Bird (Scalping)

    This EA was originally created by Bima setyawan in April 2015. It is very much sensitive to movement of any currency pair but well suited for those pair which have lower spread. It is well tested before it came to market. It has got very few interesting feature too. Those are..

    Equity stop;
    Tralling Stop;
    Equity Risk Management;
    Time Out Use;
    Max Trade per Hour and many more.

    Download and Installing EA

    You can download this EA from MQL5 website. Or just can visit https://www.mql5.com/en/code/12872 to know about this EA. You can get the advisor from here too.

    Attachment 12814

    After download just open the file and save it under your meta quote files.Now to install the EA you need to open your trading platform and login to your account demo or real. From your trading platform just click on the view tab and select navigator to find your all account and list of EAs and scripts or indicator. Then click on the Code Base which is shown on the image below. You will find list of many advisor. Then select the Angry Bird (scalping) and right click. Select download. Then you will see a default setting window for the advisor. Click Ok and then it is ready for work.


    Modifying the EA

    You can find in the following image how can you modify your default setting where the left image for default setting. You must save it first then load it to see the working of your new setting.


    Trading with Angry Bird:

    After download of the EA it started trading then and there. At first it started with 0.01 lot and keep it multiplying by 2 in next trades. It started with EURUSD then I moved to other pairs by dragging the EA to the chart. And I got the following trade results.


    Later I modified the minimum lot to 0.05 and few other parameters. And then I found the following results...


    Key Findings:

    After using it for few days I found few important things about this EA. Here I want to point out those things.

    1. The EA open trades automatically when RSI reads between 30 to 70 in the M1 chart. Can be used for higher time frame too.

    2. No new trade open as long as the first trade is active and in profit(but yet to touch TP). When trade's floating loss is about 10/12 pips then new trades open which is double the first one.

    3. If market keep moving against the orders it will open few more trades and every it will be multiplied by 2 and TP will be adjusted.

    4. No provision to SL(dangerous).

    5. You can set total equity risk as low as possible.


    Advantages:

    The main advantage of this EA is it will start trading for you with low volume or with the set volume. You can trade simultaneously in many pair no matter you are seeing it on the screen or not. You need not to modify your TP when new trades open. You can find the EA helped me to make over 100% profit in 3 days. It is really fast. If you close your trading terminal no new trades open and only active trades work.

    Disadvantages:

    It works well in a ranging market. If market is strongly trending then it will keep opening trade in one direction I mean in losing direction. If you are trading in different pairs then for each pair 10 trades will open which in turn can drive you to big drawdown. The main problem is there is no SL so it always plays doubt in mind about protecting the account.

    Recommendations:

    It is one of the finest EA I have used. It match my scalping trading almost 80%. If you are a scalper then you must love it. But whenever your EA is going you must keep watching your trades. It is better to set Maximum Trades per symbol to 5 instead of 10. It is also better to trade in only 1/2 pairs otherwise many pairs might cause many confusions.

    Better to try it on demo accounts for few weeks before you use it in real account. I don't recommend it to use it on VPN when you have small invest. And always set the minimum volume to lower level. Because at higher initial volume you might get few trades automatically close in loss due to equity drawdown level touched.

    Last Few Words:

    I would say this contest is more than a contest. In the last contest we came to know and use of different indicators. This time it is EA. All are helping forum members to use the different technique for getting more success. This thinking is simply praise worthy. I am really happy to be a part of this contest and this forum. Best of luck with EA's you choose to trade and good wishes for all participants. Thanks everybody.

    Not allowed!
    Last edited by nkhan2810; 07-08-2015 at 06:43 PM.

  2. #21
    Trader rinaji's Avatar
    Join Date
    May 2013
    Posts
    3,839
    Thumbs Up
    Received: 207
    Given: 311
    I find this EA on MQL5 site last week, and I tried to back test with the default settings, wow this is really terrible, I just thought that I would get big loss and huge draw down for my equity one day, this is just a matter of time, like a dynamite that will blow up my trading account.

    But here I am interested in the results that you get, your idea is truly amazing in determining a good setting for this high risk robot so that you can get a good result. Now I will try to test the ea with your settings.

    Not allowed!
    If you lose, be patient. If you win, stay humble

  3. #22
    Trader
    Join Date
    Aug 2013
    Location
    Undercover
    Posts
    999
    Thumbs Up
    Received: 189
    Given: 204
    @yeohyc747, I am sorry to hear that you have lost big money with the default setting of the EA. You can find when RSI is changing very rapidly on the M1 chart of a currency pair due to volatile market many trades automatically closed. So it is not too good at such situation. Better user bigger TP in such case. You can set it around 20 pips for 4 digit server or 200 pips for 5 digit server.

    @mntiwana, sorry I don't the language used. I just modified depending on the C++ programming knowledge.

    Not allowed!

  4. #23
    Trader
    Join Date
    Aug 2013
    Location
    Undercover
    Posts
    999
    Thumbs Up
    Received: 189
    Given: 204
    Quote Originally Posted by rinaji View Post
    I find this EA on MQL5 site last week, and I tried to back test with the default settings, wow this is really terrible, I just thought that I would get big loss and huge draw down for my equity one day, this is just a matter of time, like a dynamite that will blow up my trading account.

    But here I am interested in the results that you get, your idea is truly amazing in determining a good setting for this high risk robot so that you can get a good result. Now I will try to test the ea with your settings.
    It is really wonderful that you are interested in this robot. I have just shown some trading results that I have used in demo and real account. You will be bored to trade with this EA when market will go your way. When it goes 30/40 pips against you then it come back it will make good profit. But you must monitor it carefully. I have noticed that it might close few orders when market show some spikes of 20/30 or pips.

    Not allowed!

  5. #24
    Trader
    Join Date
    Sep 2015
    Posts
    6
    Thumbs Up
    Received: 0
    Given: 1
    interisting looking for it

    Not allowed!

  6. #25
    Trader
    Join Date
    Aug 2013
    Location
    Undercover
    Posts
    999
    Thumbs Up
    Received: 189
    Given: 204
    Quote Originally Posted by porexer View Post
    interisting looking for it
    Bro if you are finding this EA for the first time then I'll request you to use it on your demo account and get used to it. Once you feel good about it then move to use in your real account. I must mention that this EA is good for Oscillating market but might not work well if market volatility is very high and market showing some spikes in price. So be careful and better avoid news when you are using this EA. Good luck bro.

    Not allowed!

  7. #26
    Trader
    Join Date
    Nov 2015
    Posts
    11
    Thumbs Up
    Received: 1
    Given: 0
    Yesterday I set the initial open volume to 0.2 and changed the name of of trades from 'Ilan1.6' to 'Angry Bird' from software. I am happy to see trades are going smoothly. Those trade which hit the TP are in green you can see. I close few trades manually to try different parameters. This time the maximum trade open are set to 3. Lets see how does it works. So far the trade results of last few trades are shown here...

    Not allowed!

  8. #27
    Banned
    Join Date
    Aug 2013
    Location
    State Himachal Pradesh
    Posts
    9,370
    Thumbs Up
    Received: 319
    Given: 538
    Quote Originally Posted by Salujan View Post
    Yesterday I set the initial open volume to 0.2 and changed the name of of trades from 'Ilan1.6' to 'Angry Bird' from software. I am happy to see trades are going smoothly. Those trade which hit the TP are in green you can see. I close few trades manually to try different parameters. This time the maximum trade open are set to 3. Lets see how does it works. So far the trade results of last few trades are shown here...
    That's nice, its better if you will update your trades result regularly in this post, so that we can also use this ea in our trading accounts, Personally I don't believe much in robots, but I this is true that they can work well in the market with good setting, so are you using a cent account or standard account for this ea? what about the investment how much money you have invested in account?

    Not allowed!

  9. #28
    Trader
    Join Date
    Aug 2013
    Location
    Undercover
    Posts
    999
    Thumbs Up
    Received: 189
    Given: 204
    Quote Originally Posted by Salujan View Post
    Yesterday I set the initial open volume to 0.2 and changed the name of of trades from 'Ilan1.6' to 'Angry Bird' from software. I am happy to see trades are going smoothly. Those trade which hit the TP are in green you can see. I close few trades manually to try different parameters. This time the maximum trade open are set to 3. Lets see how does it works. So far the trade results of last few trades are shown here...
    Interestingly this post is copied from my earlier post. It is unfair for sure. I am drawing attention to any mod in this regard.

    Now @ Khimi234, I am using this EA in my real account too. I invested around 200$ to my cent account. It is good because of lot size. The trade results are fine but when market show some spikes it behave abnormally and you will see some of your trade closes automatically. You can try it for sure on demo account or real account.

    Not allowed!

  10. #29
    Trader
    Join Date
    Oct 2015
    Posts
    621
    Thumbs Up
    Received: 8
    Given: 0
    Scalping is a way of taking profits from the market with fast paced way. Making profits in the market with scalping is one of the most hardest way. You can make profits here and there no problem but when you lose you lose big and that is the problem with scalping.

    Not allowed!

  11. #30
    Registered user
    Join Date
    Apr 2016
    Posts
    1
    Thumbs Up
    Received: 0
    Given: 0
    i used this ea on Cent Account to maximize the margin, it best EA i use. i do not use standard account because the multiply lot. i use the default setting, opened until 12.8 lot; in proCent account the first order is 0.1 then 0.2, 0.4, 0.8, 1.6, 3.2, 6.4, 12.8, 25.6, and 51.2 lot. so just imagine if u use standar account with minimum equity, it will cut your margin rapid. when you open at least 5 trade it means that the total lot opened is 3.2 lot, and 6 open trade it will 6.4 lot.

    prefer use cent account and open just 1-2 pair, u can use until 4 pair in asian session. i trade EA with supervision, like a DJ :) if any pair still open and add new lot, then the other pair is touchde TP, i remove the EA on who was TP. so i just manage my margin.

    don't leave the opened trade. use it for minimize the emotion of trade.

    Regards

    - - - Updated - - -

    oh yea, i used this EA not in EURUSD, but i think best in USDJPY, EURJPY, AUDUSD, USDCAD. my spread is about 1.4 - 2, high but it's work! don't use Backtest or demo just use on real to real profit and real condition and remember to use Cent Account guys!

    Not allowed!

Page 3 of 7 FirstFirst 1234567 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •