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Firebird EA - fixed version -

  • #641
  • Sep 3, 2006 1:58pm Sep 3, 2006 1:58pm
Quoting kingforex
I don't know what version did Mike test. I can say, like some people here, that I tested 63G last June, and it wiped out my account (please see statement if it can help). Hopefully, this cannot happen with current versions ?
kingforex,

/*if ( (iFXAnalyser(0,MODE_DIV,0)>DVLimit*Point
&& iFXAnalyser(0,MODE_SLOPE,0)>0 )
|| (iFXAnalyser(0,MODE_DIV,0)<-DVLimit*Point
&& iFXAnalyser(0,MODE_SLOPE,0)<0 ) ) { Comment("trending market!");} else {// included by Renato*/

This is the useage code for iFX analyzer, the /* on the beginning form the code block means that it is disactivated... That never can go good on the long run... further i compare the version with mines, there are many difference in code...

However, i see in your statement you turned the SL down, never set them under 300... this system needs place to breath... my oppinion is that also this SL is t close, maybe take 400 - 450 pips for some pairs... But don´t forget, trade max. 0.1 lot per pair and also min 1k $ account volume per pair.

That means: On a 5k $ mini account (1:200 leverage, better more) trade max 5 pairs with 0.1 Lot, than you should be protrected from Margin calls and too big losses ! Note, 70% of time market is ranging so firebird will perform well, with SL 400 - 450 pips you will also alive big trends. A good idea is also to have a bigger pipstep, my pipstep amount minimum steted as high as TP.

Hope this helps,

mr.trader
  • #642
  • Sep 3, 2006 2:24pm Sep 3, 2006 2:24pm
just for your info our multi controlled test starts tonight on demo accounts.

also the settings i am using on my own live account are this - two pairs only eurusd, usdchf - target is $1000 for the week and whenever +$1050 is reached in equity (if!) all trades will be closed and possibly started again after 6pm gmt.

the extra $50 is to account for the time it takes to close multiple trades (which the expert will do automatically)

if friday comes along before the $1000 and is in profit then the trades will be closed at around 9pm if it's still in loss then the state of the float will determine my plan.


here's a question for you - if i left the positions open over the weekend but had to close and reboot the pc would this have an adverse effect?, ie would the experts pick up where they left off for the pipstep etc etc

ps, my settings are:

eur tp22 sl220, ps11

chf tp25, sl250, ps 12

yes it results in a lot of float and trades - but also lot of pips. would have to lose 900 this week for me to start going into the red.

I'm starting to be a believer in closing all trades regularly, ie weekly - whilst this may limit profits over the long run it will also stop the large losses at all and keep the float manageable. Yes i know that equity always rules, but it's quite possible that even if you had say +4k in equity but 30 open trades that in an instant that 4k could dissappear - hense the need to keep not so much the level of float down but the number of possible full stop outs.

I know there is coding for this but i'd rather seek a target and close all trades before either the number of trades or the size of float becomes a problem. - remember this is real money albeit only around 10k
  • #643
  • Sep 3, 2006 2:38pm Sep 3, 2006 2:38pm
I have let all my demos run all week and never stop them until Friday night. Turn off the machine. Start them back up on Sunday PM before the market opens and off they go. I don't shut down any trades. I have not encountered any ill affects on either FXDD or IBFX by doing this.

Now to see how it works live.
Don Life is expensive, but includes a free trip around the sun.
  • #644
  • Sep 3, 2006 3:21pm Sep 3, 2006 3:21pm
Firebird woks well during the news? Can I trade with 0.01 lots?

Thank u
  • #645
  • Sep 3, 2006 3:38pm Sep 3, 2006 3:38pm
My experience running several Firebird versions thru NFP and all other news events has been just fine.

It is the big, steady trend one direction that worries me.
Don Life is expensive, but includes a free trip around the sun.
  • #646
  • Sep 3, 2006 3:41pm Sep 3, 2006 3:41pm
Quoting traderone
My experience running several Firebird versions thru NFP and all other news events has been just fine.

It is the big, steady trend one direction that worries me.
OK. And what about the lots it's possible to trade whith 0.01 ?
  • #647
  • Sep 3, 2006 3:44pm Sep 3, 2006 3:44pm
It depends on your broker. It would be OK on IBFX, but not FXDD for instance.
Don Life is expensive, but includes a free trip around the sun.
  • #648
  • Sep 3, 2006 4:15pm Sep 3, 2006 4:15pm
Quoting traderone
It depends on your broker. It would be OK on IBFX, but not FXDD for instance.

and northfinance?
  • #649
  • Sep 3, 2006 4:30pm Sep 3, 2006 4:30pm
Sorry. Don't know anything (good) about North Finance. I'm sure if you ask them they will let you know.
Don Life is expensive, but includes a free trip around the sun.
  • #650
  • Sep 3, 2006 5:46pm Sep 3, 2006 5:46pm
Quoting raffaelst
and northfinance?
no, they don't allow micro lots.
-i trade currencies at the airport-
  • #651
  • Sep 3, 2006 6:35pm Sep 3, 2006 6:35pm
Quoting accrete
nvwine, thanks for reminding ppl there is a resource page for firebird, all the most recent versions and forms/manual are at the link you posted:
http://www.accrete.com/fx-mirror/mt4-firebird/. I don't know if it is possible for a moderator to ad this to one of the opening page's links, or if it is even desired to do so, but it would probably help the newbies out if it was centralized. I upload every new important document and file as soon as it hits this thread. : )

--------onto another thought:

I don't know about a "Dream come true" but one of my handful of FB demo test statements shows a whopping 1275 pips for four trading days last week. The account was cleared out at midnight Thursday by IBFX due to end of month so i could not continue the test through NFP on the same account. Not to be thwarted, i opened up 6 demo accounts trading the G-TS, 1c, and 1b2 on both 1m and 15m charts. Each went through the news much better than i can imagine myself doing with each pulling off an average of 140 net chart pips for the day after the dust settled.

I think it is worth the time. And i intend to work this until i know everything i can about the EA and it's personality. I also believe that combining TA with the EA will benefit one's account. For instance, if we know that FB gets hit hard during trending markets, what is to stop us from doing daily homework and doing our best to determin the trend/mode of the market and act accordingly tweaking the EA's functions such as only entering trades in the direction of the weekly trend or similar? Or staying out of EA use if market is ranging in a trade range that is greater than XXX pips??

Just rambling, but i think that the combination of intellegent homework/TA and use of the FBea settings can yeild consistant profits.

Cheers,
Thom
good point,

Just a thought, when trend is forming we could close all trades opened in opposite direction and disallow opening position in opposite direction.

Cheers.
Chad
  • #652
  • Sep 3, 2006 11:04pm Sep 3, 2006 11:04pm
Quoting 1trader2
Kingforex,

In reviewing your statement, your SL=200 pips. Most if not all of your losses were closed out (manually?) prior to hitting the stop loss. It's hard to say how many of these would have gone on to be profitable if they had not been closed prematurely. Mono recommended a SL of 300 pips and this has worked great for me so far. Its also the general consensus from my reading that it is better to leave Firebird do its own thing 24 hrs/day, while of course keeping a close tab on things. This may explain why your account was wiped out.

Anyone else have a thought on this?
Look at the Kingforex's statement, you will see many lossing orders were opened at almost the same time. I think the FB should avoid opening multiple orders with the same price at the same bar.
  • #653
  • Sep 4, 2006 12:08am Sep 4, 2006 12:08am
You cannot trade less than 0.1 lots at Northfinance. I dont think this EA would work well with them anyway -- too many requotes and dealing desk messages when the market is moving.

Quoting raffaelst
and northfinance?
  • #654
  • Sep 4, 2006 1:48am Sep 4, 2006 1:48am
Hi Guys

Sorry I cannot post results of my tests, due to a hard disk problem (trying to recover as much as possible, before I chuck it).

Anyway, What I know so far.

Firebird 30-300 test

Started = 18th June
Ended = 2nd September
Pairs = eurjpy, eurusd, gbpusd, usdcad, usdchf, usdjpy
Using Firebird v63G original (with divergence error)
booked = 9870 pips
float = -1503 pips
Final result = +8367 pips

Firebird IND

Started = 31st July
Ended = 2nd September
Pairs = eurjpy, eurusd, gbpusd, usdcad, usdchf, usdjpy, audjpy, audusd, eurchf, eurgbp
Using Firebird v63G Fixed
booked = 16292 pips
float = -5759 pips
Final result = +10533 pips

I have started a new hedge test and I'll be post results when I can. And I will create a Journal Thread to track my Live System and thoughts. I wont be posting statements, just updated spreadsheets.

Cheers
Mono
  • #655
  • Edited 2:33am Sep 4, 2006 1:49am | Edited 2:33am
I know there has been some talk about currency pairs to trade, and in that discussion TraderOne (?) brought up the idea of trading non-correlated pairs. There was a new thread posted tonight over at this factory thread where they mentioned this correlation tool. It looks interesting, and i've seen others. My question is, has anyone forward tested and observed enough pairs to give us a run down on using correlation/non-correlation from actual test results?

I went ahead and turned on a test for each of the 5 main FB versions tonight and all seem to be doing their thing. The pairs that i have up, which unfortunately are correlated for the most part, are: USDCHF, EURUSD, GBPUSD, EURJPY, EURCHF, EURGBP, USDCAD, AUDUSD. Those are just the pairs that i've dabled with in live trading and none are what i would consider currencies that i've come to know other than the EURUSD over the past year. Since this is just a demo, i don't mind running them all this month and see what might work, but so much of what i feel any of us doing is duplication. It would have been nice to get some sort of list of tests we could volunteer for and keep track in a systematic fashion.(?)

Another PS. I just added two more demo-tests. Both w/version 1vc on the pairs above, but this time one account is only opening shorts, and the other longs. I want to see if there is any value in doing some TA and watching the general trend, maybe from daily charts, and setting the EA accordingly. Just a ramble and doodle. . . may not be worth the while, but who knows if ya don't try it out!

PS: edit; I would volunteer to create such a list but don't have the knowledge of what to look for or what would make for an effective test! I'm just using the 5 standard versions as is on 1m charts w/IBFX. But if it helps the gang i will do whatever i can such as creating a master excel sheet of pairs and trades etc from the test results?? I'll sure do my part in any testing : )

Cheers, and have a nice holiday those in the US.

Thom
  • #656
  • Sep 4, 2006 3:23am Sep 4, 2006 3:23am
changed my 63G to the fixed version but getting an annoying account equity readout on every tick on the experts tab. Anyone know how I get rid of this?
TRADE FOR SWAP
  • #657
  • Sep 4, 2006 3:56am Sep 4, 2006 3:56am
Quoting cgldsmth
changed my 63G to the fixed version but getting an annoying account equity readout on every tick on the experts tab. Anyone know how I get rid of this?
We fixed that problem in v1.0a If you want to fix your version look at this post. http://www.forexfactory.com/forexfor...&postcount=948
  • #658
  • Sep 4, 2006 4:35am Sep 4, 2006 4:35am
thanks.
I'm narrowing my live FB to USDCHF. EURUSD and GBPUSD today, using the fixed version. Account up about 60% in one week so far.

still grappling with what to do in a trending market. I think there should be enough daily ranges for FB to do OK in a trending market, but we could lower the TP and up the pipstep?
TRADE FOR SWAP
  • #659
  • Sep 4, 2006 4:44am Sep 4, 2006 4:44am
Quoting cgldsmth
thanks.
I'm narrowing my live FB to USDCHF. EURUSD and GBPUSD today, using the fixed version. Account up about 60% in one week so far.

still grappling with what to do in a trending market. I think there should be enough daily ranges for FB to do OK in a trending market, but we could lower the TP and up the pipstep?
That's one way to think of it, but I'm in the camp of only allowing FB to take trades in the direction of the trend to make sure we make our "proper dollars", so to speak. This would keep us from bleeding green, which is mucho bueno. Now to try and get that one girl that's been eyeing me for the past few weeks...Where's the TA in that one?!
  • #660
  • Sep 4, 2006 4:56am Sep 4, 2006 4:56am
Hi cgldsmth,

Please post the fixed version of 63G you are using LIVE. I can't find it anywhere.

Thank you!
forexpips


Quoting cgldsmth
changed my 63G to the fixed version but getting an annoying account equity readout on every tick on the experts tab. Anyone know how I get rid of this?
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