1trader2: would you be kind enough to post your modified v63H04-TSMM with the closeopen orders after 120 hours routine?
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Quoting cgldsmthDisliked1trader2: would you be kind enough to post your modified v63H04-TSMM with the closeopen orders after 120 hours routine?Ignored
Quoting MoneyMa$terDislikedGlenn,
Thanks for taking the time to give some thought to my setup. Let me say I agree with you....I'm just taking a conservative approach as described below.
TS 10 can take me out at every little retracement and sometimes it prevents moving to the full TP, but it also produces a profit (albeit small at 7-8 pips). I believe pigs get fat...hogs get slaughtered. My little piggy approach is conservative and though the trade closes, it closes at a profit. FireBird can open another trade for that pair at the appropriate time.
During demo testing I had set TP at 18 (not a Fib number). Why? Because I noticed currencies seemed to often move to 18 pips profit, then reversed considerably to the down side creating a terribly high negative float. That's cool for demo testing and mini accounts but remember I'm trading standard lots live. So it made sense to me to take the smaller profit, close the trade and live to fight another day with a new trade. If anything, I may revert to TP 18.
As to the SL 150, that was increased from 55 I think it was, because 55 was too close, came too quick and didn't allow room to breathe. That's getting stopped out at $550. I'm definitely not going to SL 300 for standard lots!
Also, if a trade is losing 80 or more pips for 36 hours, FireBird will liquidate the position. I don't know if anyone else tested or traded standard lots so I was seeking a number acceptable to me and for now its SL 150. Could reduce it to the 100-125 range. Mathematically, there's a SL for standard lots that's the equivalent of SL300 successfully used for mini/micro trading and it seems to be in the 85-150 range. But it's really not a factor, unless the market enters a trend in which case I would manually halt trading.
The risk/reward ratio bothers me not. I don't know how to spell "risk averse"! I'm either: (a) taking profit at 20 or (b) the trailing stop kicks in for the smaller profit. So I'm in and out at profit, maybe not for 50 pips but it's steady and consistent. This week I made 136 pips trading basically something less than three days? Doesn't pay for AvGas or JP-3 but I can live with those 136 pips. Remember...pigs get fat...hogs get slaughtered! I will continue tweaking the setup. Further, when I'm more comfortable, I can then increase the program to multiple lots with its higher margin requirements, higher negative float and most importantly the corresponding profit increase!Ignored
Quoting sinclapDislikedHi MoneyMa$ter,
I want to try FB 2 on a demo account to trade on $400 play money. The demo account is $500, but want to tweak the settings were $400 is the capital
What would be the ideal currency pairs and settings for $400.00?
thanks.Ignored
Quoting MoneyMa$terDislikedsinclap,
I don't know that there's any such thing as "the ideal currency pairs". See my post #1198 on page 80 for currency pairs I was demo trading at that time. You can also review my trading report attached to my post #1476 on page 99.
In this thread several traders (including glenn5t's post#1378 on page 98, wackena's post #1277 on page 86), have posted settings for accounts in the vicinity of $400. I opened my FB account as a mini but because my experience is in standard lots, I quickly opened a standard account. Margin requirements are $1,000 per lot on my accounts, so I'm probably not the guy to answer your question. Read ths thread and you'll find several examples of settings posted by traders similarly situated to your trading style.Ignored
Quoting sinclapDislikedHi MoneyMa$ter,
I looked through the FB resource page and found no reference page to FB2. Looking for the FB2 reference notes, but to no avail.
My question is, what is the difference/philosophy of FB2 over all the other versions? If you can link a page, that would be great. Also, I have seen no indications of currency pairs that FB2 does not like.
BTW: Are you looking at Phoenix?
Thanks.Ignored
Quoting rusty105DislikedAnybody know why FB doesn't average the opening price for a new Take Profit level, like it says it should in the manual. There is code in place for this to happen, but it seems it has either been commented out or the function isn't called???
Rusty
Ignored
Quoting sinclapDislikedHi MoneyMa$ter,
I looked through the FB resource page and found no reference page to FB2. Looking for the FB2 reference notes, but to no avail.
My question is, what is the difference/philosophy of FB2 over all the other versions? If you can link a page, that would be great. Also, I have seen no indications of currency pairs that FB2 does not like.
BTW: Are you looking at Phoenix?
Thanks.Ignored
Quoting cgldsmthDisliked1trader2: would you be kind enough to post your modified v63H04-TSMM with the closeopen orders after 120 hours routine?Ignored
Quoting 1trader2DislikedCgldsmth:
Here is the EA programmed with features as described + my present settings (TP, TS, SL, as per Ver 2c...Mono's settings from 1st post + statement from first 5 days. Also see previous post.
Also EA needs to run longer to see how it handles the closing of trades after 5 days (120 hours) and how it does in trends.
1Trader2Ignored
Quoting MoneyMa$terDisliked...Look again becasue Accrete has done an excellent job in summarizing each version, and clearly v.2 is discussed:
http://www.accrete.com/fx-mirror/mt4...a-archives.htm
...Ignored
Quoting skylineDislikedDemo Firebird v0.63G
--------------------
August performance : +2026 pips
September performance : +1740 pips
October performance : +990 pips
Total Pips gained : 4756
Tot Pips lost : 600
Total Profit Pips : 4156
Total winning trades : 159
Total losing trades : 2
Win/Loss % : 98.75%
Max Drawdown : 1453$ (14.53% of capital 10000$)
I think Firebird IS a proper method !Ignored
Quoting traderlismissDislikedThanks for your reply glenn5t. So if I understand your setup correctly, you are running v63g-TS. You are running with 5min charts and 15min timeframe, 40 pip TP, 300 pip SL and you are using a 40 pipstep.
Your results are great and it is nice of you to share. I am going to use the same setup to forward test and see what results I get.
ThanksIgnored
Quoting billworldDislikedThanks for the recap. And, to be clear, exactly which pairs are traded in this setup? I saw mention of cable and swissy, but, just want to make sure I understand exactly which pairs are recommended with this setup.
Thanks!
BillIgnored
Quoting billworldDislikedHi Skyline: (that's the name of the high school my son goes to here in Sammamish, WA)
Thanks for sharing your results. What settings, pairs and timeframes were used to derive these results? This was based on forward testing on a demo account, correct? Have you tried backtesting over the same forward-tested period to see if FB backtests properly? Lastly, do you know what your max negative float has been?
I've been looking through the thread to find what settings you use but I haven't found it yet. Would sure appreciate knowing that important bit of information.
Thanks!
BillIgnored
Quoting skylineDislikedIs there brokers that don't charge for swap ?Ignored