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I would like to announce official “FirePips Expert Advisor”. This EA  is currently getting coded professionally by a very experienced programmer and I am writing this post to welcome suggestions and comments.

From the feedback I received so far regarding signals service, this seems to be next step moving forward. This EA will contain a lot of advance features and we will improve it over time.

Key Features:

1. EA would read Orders from a file on my server that will be updated by me personally
2. All Orders are automatically checked for errors and typos
3. Option to hold on to Orders and place them only when price gets close to Entry price
4. Option to manually approve orders before placing them
5. Display Pending Orders on the Charts for easy reference
6. Option to trade 1 lot instead of 3 lots per trade.
7. Ability to enter extra pips to take into account brokers with wider spreads
8. EA would work on both 5 and 4 digit brokers.
9. EA would also work on symbols like EURUSDm and EURUSDmini.
10. Ability to login and verify Order details and Stats online
11. Inbuilt Risk Management
12. Admin features which will help me monitor sever load and perform maintenance

Note that this EA does not generate signals on its own. This EA is still work in progress and if you like to suggest anything then this is time to do it. Also note that not all features will be available straight away, they will be added progressively over time.

Another important point I like to add is that this EA does not undermine the efforts of others who have created and shared their EAs on this blog. In fact they are the inspiration behind all this.

VPS Hosting

Another area I am looking at is getting a Windows VPS to host your MT4. This way you won’t need to leave your PC on all the time and you can always remotely monitor and access your account. From what I know most people who use EAs on live account prefer this setup. So, if I see enough interest from everyone then I’ll pursue this further.

Other Update

On a side note, I am currently in contact with few investors who are quite interested in what we do here. One of them is offering their resources to backtest and analyze the strategy to get the full potential out of it. I am still contemplating on this will all work out and how everyone can benefit out of it. I’ll keep you posted on it.

After an amazing week, we are now into a new week. Let me remind you that NFP is due out later in the week and so don’t get carried away,  as always we need to consider the big picture.
I also mentioned in my previous post that we are now trading CHFJPY as well, GBPUSD on the other hand in the “Sin Bin” and we will trade is cautiously.

Eng Guan has created this great EA which takes trade entries from Google shared Docs. He is looking for people who can update this spreadsheet at regular intervals. You can download it here:  <removed > . Please use this post to ask any questions that you may have regarding the Expert Advisor.

Update at 1AM EST / 6 AM GMT / 0800 Hour Candle:

Order ID: 1 | Order Cancels Order | $GBPJPY Sell 134.45 or Buy 135.45 | Stop Loss: 100 Pips | Take Profit: 70-140-210 Pips
Order ID: 2 | Order Cancels Order | $EURJPY Sell 120.95 or Buy 121.65 | Stop Loss: 70 Pips | Take Profit: 50-100-150 Pips
Order ID: 3 | Order Cancels Order | $CADJPY Sell 84.80 or Buy 84.15 | Stop Loss: 65 Pips | Take Profit: 40-80-120 Pips
Order ID: 4 | Order Cancels Order | $CHFJPY Sell 82.10 or Buy 83.65 | Stop Loss: 45 Pips | Take Profit: 30-60-90 Pips

Update at 5AM EST / 10 AM GMT / 1200 Hour Candle:

Order ID: 1 | Update | $GBPJPY Buy 135.45 | Move Stop Loss to 134.60
Order ID: 2 | Update | $EURJPY Buy 121.65 | Currently at +15
Order ID: 3 | Update | $CADJPY Buy 84.80 | Currently at +15
Order ID: 4 | Update | $CHFJPY Buy 83.10 | Currently at +10

Order ID: 5 | Order Cancels Order | $EURUSD Sell 1.3580 or Buy 1.3660 | Stop Loss: 80 Pips | Take Profit: 40-80-120 Pips

Update at 9AM EST / 2 PM GMT / 1600 Hour Candle:

Order ID: 1 | Update | $GBPJPY Buy 135.45 | Closed out at -85
Order ID: 2 | Update | $EURJPY Buy 121.65 | Closed out at -70
Order ID: 3 | Update | $CADJPY Buy 84.80 | First Profit Target Reached at +40 | Move Stop Loss to -32
Order ID: 4 | Update | $CHFJPY Buy 83.10 | Closed out at -45
Order ID: 5 | Update | $EURUSD Sell 1.3580 | Missed Second Profit Target by 5 pips | Move Stop Loss to -40 Pips

Order ID: 6 | Order Cancels Order | $EURJPY Sell 120.40 or Buy 121.85 | Stop Loss: 145 Pips | Take Profit: 50-100-150 Pips
Order ID: 7 | Order Cancels Order | $CHFJPY Sell 82.20 or Buy 83.30 | Stop Loss: 110 Pips | Take Profit: 30-60-90 Pips

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