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Firebird EA - fixed version -

  • #1,041
  • Sep 23, 2006 10:34pm Sep 23, 2006 10:34pm
Quoting 1trader2
...or you can set each TP & SL as set in the 1.0c Individual version for optimal results...1Trader2
For my testing on the 63H03 i used the individual settings that Mono listed for each pair i trade. So far so good. In fact the only two losses during the week that were closed by the EA were when it was set at the defaults. This was before i realized that my original intent was to have the IND settings...just got it going without'em at first.

: ) Thom
  • #1,042
  • Sep 24, 2006 11:33pm Sep 24, 2006 11:33pm
what are the best settings i.e. LOT SIZE etc..... I'm want use firebird 1.0c on a live mini ibfx account and how many currency pairs can I trade safely with $300 inital deposit , thanks
  • #1,043
  • Sep 25, 2006 2:47am Sep 25, 2006 2:47am
Quoting kgatsi
what are the best settings i.e. LOT SIZE etc..... I'm want use firebird 1.0c on a live mini ibfx account and how many currency pairs can I trade safely with $300 inital deposit , thanks
in my opinion ,only 300 is not suit for 1.0c,you can test it use a 1000 demo account . good luck
  • #1,044
  • Sep 25, 2006 6:11am Sep 25, 2006 6:11am
hye every firedirder

i hope i am not stupid but i don't succed to make firebird EA working.

This morning i have load the EA on the EUR, the CHF, the GBP, autorise autotrading and put all the currencies on 1 minutes timeframe.

i am using the 1-0c1 version with auto-setting.

i try it on gimex demo account like one person here, but is taking no order !!!

If you can help me

Another pb, metatrader is bipping regulary and i don't understand why ???

Let me know

Best Regards
  • #1,045
  • Sep 25, 2006 6:25am Sep 25, 2006 6:25am
Quoting kgatsi
what are the best settings i.e. LOT SIZE etc..... I'm want use firebird 1.0c on a live mini ibfx account and how many currency pairs can I trade safely with $300 inital deposit , thanks
If you're going live, I would use three currency pairs max, on mini-micro trade sizes ($5 margin per lot traded) with $300. So I would load up EUR/USD, USD/CHF, and USD/CAD and set your lot size to ".1" on a mini account like yours. I wouldn't worry about adding another currency pair until you had $500 in account equity. Then at $1,000 I would think about turning up the lots setting to .3 and then to .5 at $2,000. I wouldn't think about going up to full mini-lots until you had at least $3,000 since you're on 200:1 leverage, and that's $50 per full mini lot traded. As well all know, Firebird 1.0C has a habit of running about four trades per pair (in my experience), more or less; so money management is of the utmost importance.

Is big success doable? Most definitely. The trick is the patience and the small steps. You can try and hit the ground running, but I'm not paying your medical bills. That's my bartender's money thank you much...
  • #1,046
  • Sep 25, 2006 7:30am Sep 25, 2006 7:30am
At me question. How you think, whether will conflict Firebird 0.63G with other advisers? Other adviser watches only it positions.
  • #1,047
  • Sep 25, 2006 1:52pm Sep 25, 2006 1:52pm
hi guys ..

My SMART firebird v1.0c keeps opening positions all the time in the same pair AUD/USD , and these positions are ALWAYS a loosing positions . NEVER WINS .. it keeps opening 2 , 3 & 4 loosing positions one after one , it dosent even wait for a positions to colse .. No .. it opens 4 together .. !!
last week it opened 4 positions ( one every 2 minutes ) , ALL LOOSING .

And now while i'm writting i have 3 pos. open , and of course ALL LOOSING .
The problem is that i have other indicators that shows bullish in the pair , while FB keeps openeing SELL orders .

I want to ask .. doesn't this version work with AUD/USD ???
OR do i have to edit something in the settings ??
And what is the best version to use ??

By the way .. i've tried FB v63G-TS for 2 days and no single trade have been taken till now .. So is there any settings to be used ??

I hope someone answer me plz .. and finally i would like to say THANX TO GOD coz all these things are in DEMO ACCOUNT .

Thanx a lot friends .
  • #1,048
  • Sep 25, 2006 2:10pm Sep 25, 2006 2:10pm
Quoting coolhell
hi guys ..

My SMART firebird v1.0c keeps opening positions all the time in the same pair AUD/USD , and these positions are ALWAYS a loosing positions . NEVER WINS .. it keeps opening 2 , 3 & 4 loosing positions one after one , it dosent even wait for a positions to colse .. No .. it opens 4 together .. !!
last week it opened 4 positions ( one every 2 minutes ) , ALL LOOSING .

And now while i'm writting i have 3 pos. open , and of course ALL LOOSING .
The problem is that i have other indicators that shows bullish in the pair , while FB keeps openeing SELL orders .

I want to ask .. doesn't this version work with AUD/USD ???
OR do i have to edit something in the settings ??
And what is the best version to use ??

By the way .. i've tried FB v63G-TS for 2 days and no single trade have been taken till now .. So is there any settings to be used ??

I hope someone answer me plz .. and finally i would like to say THANX TO GOD coz all these things are in DEMO ACCOUNT .

Thanx a lot friends .
I'm live with V1.0a on M5 charts on four pairs for the last three weeks. I am just about break even (maybe a lttle more than that). Funny thing is that all my demos are making thousands. Hmmmm.

I'm thinking of changing to F X D D from IB FX for live and using only the original 30-300-30 settings on EURUSD, USDCHF, USDCAD, and USDJPY.
Don Life is expensive, but includes a free trip around the sun.
  • #1,049
  • Sep 25, 2006 4:16pm Sep 25, 2006 4:16pm
Works fine with aud/usd... I use it as one of the pairs which I trade using EA

Sanchez

Quoting coolhell
hi guys ..

My SMART firebird v1.0c keeps opening positions all the time in the same pair AUD/USD , and these positions are ALWAYS a loosing positions . NEVER WINS .. it keeps opening 2 , 3 & 4 loosing positions one after one , it dosent even wait for a positions to colse .. No .. it opens 4 together .. !!
last week it opened 4 positions ( one every 2 minutes ) , ALL LOOSING .

And now while i'm writting i have 3 pos. open , and of course ALL LOOSING .
The problem is that i have other indicators that shows bullish in the pair , while FB keeps openeing SELL orders .

I want to ask .. doesn't this version work with AUD/USD ???
OR do i have to edit something in the settings ??
And what is the best version to use ??

By the way .. i've tried FB v63G-TS for 2 days and no single trade have been taken till now .. So is there any settings to be used ??

I hope someone answer me plz .. and finally i would like to say THANX TO GOD coz all these things are in DEMO ACCOUNT .

Thanx a lot friends .
  • #1,050
  • Sep 25, 2006 4:30pm Sep 25, 2006 4:30pm
I have run various demo accounts with the same settings on both F X DD and
I BF x,starting them at the exact same time and in each instance the F xd D
ones came out ahead.

I understand that data and servers may vary but will go with most of my bucks placed in the platform that performs best on demo and then carefully monitor the live accounts.
" Never let the past hold the future to ransom "
  • #1,051
  • Sep 25, 2006 4:42pm Sep 25, 2006 4:42pm
Thanks Gleneagles for this corroboration of what I suspected. My most successful demos have been on FX D D and of course my live is on I B F X and just a smidgen profitable.

Now the chore of setting up a new account. But it might just be worth it!
Don Life is expensive, but includes a free trip around the sun.
  • #1,052
  • Sep 25, 2006 4:58pm Sep 25, 2006 4:58pm
Does FX D D offer micro and nano lots like IB F x does?
  • #1,053
  • Sep 25, 2006 5:01pm Sep 25, 2006 5:01pm
Nope. Just minis. You can do mini lots on a standard though.
Don Life is expensive, but includes a free trip around the sun.
  • #1,054
  • Sep 25, 2006 5:51pm Sep 25, 2006 5:51pm
I have had many successful AUDUSD trades on a demo with FXDD. I use the M5 charts.

Quoting coolhell
hi guys ..

My SMART firebird v1.0c keeps opening positions all the time in the same pair AUD/USD , and these positions are ALWAYS a loosing positions . NEVER WINS .. it keeps opening 2 , 3 & 4 loosing positions one after one , it dosent even wait for a positions to colse .. No .. it opens 4 together .. !!
last week it opened 4 positions ( one every 2 minutes ) , ALL LOOSING .

And now while i'm writting i have 3 pos. open , and of course ALL LOOSING .
The problem is that i have other indicators that shows bullish in the pair , while FB keeps openeing SELL orders .

I want to ask .. doesn't this version work with AUD/USD ???
OR do i have to edit something in the settings ??
And what is the best version to use ??

By the way .. i've tried FB v63G-TS for 2 days and no single trade have been taken till now .. So is there any settings to be used ??

I hope someone answer me plz .. and finally i would like to say THANX TO GOD coz all these things are in DEMO ACCOUNT .

Thanx a lot friends .
  • #1,055
  • Sep 25, 2006 6:22pm Sep 25, 2006 6:22pm
nvwine / wakena -

I just spoke with both IBFX and FXDD. Here are their policies on getting a margin call.

IBFX's Policy: If Margin level drops below 50%, IBFX will begin randomly closing open positions until Margin level goes above 50%.

FXDD's Policy: If Margin level drops below 80%, all open positions will be closed.

Now, with regards to fb v1.0c... is there a minmargin level that the ea will not trade below? If not, can that be included in the code?
  • #1,056
  • Sep 25, 2006 6:46pm Sep 25, 2006 6:46pm
One more thing to add on this... Margin level is caculated as

AccountEquity() / AccountMargin()

I would presume some kind of "if" statement would be in order to make this happen, I just don't know exactly where in the code to put it

Quoting dscott5912
nvwine / wakena -

I just spoke with both IBFX and FXDD. Here are their policies on getting a margin call.

IBFX's Policy: If Margin level drops below 50%, IBFX will begin randomly closing open positions until Margin level goes above 50%.

FXDD's Policy: If Margin level drops below 80%, all open positions will be closed.

Now, with regards to fb v1.0c... is there a minmargin level that the ea will not trade below? If not, can that be included in the code?
  • #1,057
  • Sep 25, 2006 8:16pm Sep 25, 2006 8:16pm
Quoting kgatsi
what are the best settings i.e. LOT SIZE etc..... I'm want use firebird 1.0c on a live mini ibfx account and how many currency pairs can I trade safely with $300 inital deposit , thanks
Something to keep in mind...

In my back testing a years worth of EUR/USD data with V63G on the 1 minute charts with limit set @ 30 and SL @ 300, maximum float was -1425 pips. So, if you're planning to "set it and forget it" then I would have in mind the potential for 1000+ pips of float per pair.
  • #1,058
  • Sep 25, 2006 9:44pm Sep 25, 2006 9:44pm
umm....

well the version i am using is version 1a.

settings 30-300-30.

currently at:

8957.00 starting balance 5000. -1159 floating P/L

using only eurusd, usdchf, usdcad.

0.25 lots per trade. demo account.
  • #1,059
  • Sep 25, 2006 9:46pm Sep 25, 2006 9:46pm
oh yeah 1 minute timeframe.
  • #1,060
  • Sep 26, 2006 2:30am Sep 26, 2006 2:30am
been using v1.0b2 live on IBFX for over a week, started well placing hedged trades, but this week has only opened one pair of trades, despite percent at 0.05 and openorders at 50. I've set pipsgoal and pipsloss to 5000.
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