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  • #1,101
  • Sep 29, 2006 9:41pm Sep 29, 2006 9:41pm
Maybe it is just my setup w/IBFX, but one thing that seems to be some what of a pattern in my FB demo testing is that 63Gs and 63Hs are making significant profits the first two days of the week (Sunday afternoon through pre NY market open on Wed) and giving the profits back Wed/Thur/Fri. Each of my FBs were well in to profits come Tuesday close, hundreds of pips each, then the gave all back and then some by Friday close. I've seen this situation the last three weeks where my most profitable days are Mon/Tue. If i had shut the EAs down they would have all positive trades and nothing in float.

What to do. Well next Monday i'm going to run a parallel test w/a Mon/Tue run only and see what happens.

: ) Thom
  • #1,102
  • Sep 29, 2006 10:18pm Sep 29, 2006 10:18pm
Quoting accrete
Maybe it is just my setup w/IBFX, but one thing that seems to be some what of a pattern in my FB demo testing is that 63Gs and 63Hs are making significant profits the first two days of the week (Sunday afternoon through pre NY market open on Wed) and giving the profits back Wed/Thur/Fri. Each of my FBs were well in to profits come Tuesday close, hundreds of pips each, then the gave all back and then some by Friday close. I've seen this situation the last three weeks where my most profitable days are Mon/Tue. If i had shut the EAs down they would have all positive trades and nothing in float.

What to do. Well next Monday i'm going to run a parallel test w/a Mon/Tue run only and see what happens.

: ) Thom
you know i've noticed that too with 63G. when i first started testing 63g on a mini i was getting good results the first ~2days of the week, so i would actually just shut it down after that. but now i started letting it run the full time and it does great like you say the first ~2days then by fridays close i've got more negative float than booked pips..we'll see how they play out at market open next week.
-i trade currencies at the airport-
  • #1,103
  • Sep 30, 2006 4:30am Sep 30, 2006 4:30am
Quoting traderone
Don't run 1.0c. The pipstep settings are two aggrssive for the recent market.

For starters run 1.0a and change take profit to 25 and pip step to 25 and SL to 300 and run it on the M5 charts.

I think it will help a lot.
thank you,

i'll put 1.0a to running.

my live account is currently down to $430, what is the maximum lot size to trade with ? how about 0.5 for 4 pairs ?
  • #1,104
  • Edited Jan 15, 2007 7:16am Sep 30, 2006 8:38am | Edited Jan 15, 2007 7:16am
ive been running FB63h02 for 17 straight days, 24/7 and here are the results!
  • #1,105
  • Sep 30, 2006 9:43am Sep 30, 2006 9:43am
Criss,

Can you tell me which post has the background info for Fb63h02 and how it is different? I seem to be overlooking it. Additionally, are you using MONO's 30/300/30 settings?

I am currently using the original Fb63G with optimized T/P settings and getting very good results.

Alan
  • #1,106
  • Sep 30, 2006 11:28am Sep 30, 2006 11:28am
you know alan, i couldnt tell where exactly is the info. ive tried all versions of Firebird and this seems to work the best. what made the difference was not having GBPUSD in the mix. and yes i do use 30-300-30 settings
  • #1,107
  • Sep 30, 2006 12:34pm Sep 30, 2006 12:34pm
What Traderone mentioned some posts back:

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 realize based on later posts he is now ahead, this should prove to us all that running Firebird may be iffy at best on a LIVE account. When I open my live account shortly I think after all these Demo's I have run, I will put the Bird to rest trying Cyberiatrader, Phoenix, and some others, although might be tempted to run 4 pairs early like from Sunday to Tuesday on a Live account and see if it matches a demo account, to see if this is the case. Velocity4x claim demo and live the same although when I put my account number in the platform colors look a little different, hopefull I will find out for my own soon.
  • #1,108
  • Sep 30, 2006 2:21pm Sep 30, 2006 2:21pm
Quoting criss73
you know alan, i couldnt tell where exactly is the info. ive tried all versions of Firebird and this seems to work the best. what made the difference was not having GBPUSD in the mix. and yes i do use 30-300-30 settings
Criss,

I'll have to take a look at Fb63h02 and test it out. I've been using Fb63G original on a small live account. I've been running it 24hrs through reports for the past 2 weeks. I started with .10 minilots ($1000) and have gradually moved up to .50 as of Thursday night. The live account is up about 14% but based on using margin at about 5:1. I'm sure the gains would be significantly higher with use of more margin but then I have no need to take the extra risk. I too was originally running the 30-300-30 settings which were great but I noticed my payout ratio and profit curve increase when I; 1) adjusted the T/P setting which was a little more conducive with the movement of the pairs (EURUSD, USDCAD, USDCHF, AUDUSD) that I was using, and 2) Increased the lot size from .20-.30 to .50. The increase in gain with increase in lot size may sound like a no brainer but I did so realizing that the pips per trade would be less than 30. A trade off I guess. But more trades fire off to compensate.

An additional reason for wanting to optimize was that I took a 300 pip loss (fortunately on $30 on a .1 pip position early on) on one GBP trade which upon analyzing the loss, would not have occurred had I optimized the T/P setting for GBP.

Just my two cents and certainly not scientific in my analysis!

Alan
  • #1,109
  • Sep 30, 2006 5:15pm Sep 30, 2006 5:15pm
Traderone, which 4?

Quoting traderone
Left my LIVE IBFX Firebird v1.0a running all day today as usual. Did fine and even added a few pips to the fold.


I don't have the kahunas (or the bank account) to run the lots that MoneyMaster is (he is the man), but my account is in good profit now after three weeks. Running on M5 on 4 pair.
  • #1,110
  • Sep 30, 2006 8:33pm Sep 30, 2006 8:33pm
I'm running live with 1.0a on EURUSD, USDJPY, USDCHF, and USDCAD. Currently on M5 charts.
Don Life is expensive, but includes a free trip around the sun.
  • #1,111
  • Sep 30, 2006 8:38pm Sep 30, 2006 8:38pm
hi guys

i have test 1.0a one week ago , and the result is not so good,i use 5M
balance is 1000 usd,1:200, tp22, ls220,and it loss too much .
Attached File(s)
File Type: zip Statement1week.zip   2 KB | 373 downloads
  • #1,112
  • Edited Oct 1, 2006 7:28am Sep 30, 2006 8:50pm | Edited Oct 1, 2006 7:28am
Quoting appleparty
hi guys

i have test 1.0a one week ago , and the result is not so good,i use 5M
balance is 1000 usd,1:200, tp22, ls220,and it loss too much .
OK.... Your account is too SMALL to trade lots that big.

Secondly, I noticed closed trades for losses that were only around 46 pips.
Are you closing your trades manually for losses? That is a quick route to failure I think. You must let the EA have room to work. That is why the SL is large! Let the trades alone and cut down your lot sizes right away. Or, you can try trading only the EURUSD or ONLY the USDCHF on 0.1 lots. That's all.

My live account drew down for two weeks on 0.05 lots on a $2200 account before it started to recover. There will be periods of drawdown or flatness (is that a word?). I should also mention that I let it run THROUGH news events. Usually good things happen then.
Don Life is expensive, but includes a free trip around the sun.
  • #1,113
  • Sep 30, 2006 9:41pm Sep 30, 2006 9:41pm
Quoting amaruenterprise
I'm only on mini lots so I don't guess thats of any help but one thing you may want to think about is that I only go long or short on different pairs; which ever way that you collect positive interest from the daily swap because you can hold a position for awhile but while you wait for it to go your way you get an extra kicker with the positve interest. Just some food for thought. By the way I really enjoy reading your posts on some of the other threads. Have a good one....Valerie.....
Hey Valerie,

Thanks for the comments. And your experience with minis is helpful; I just hadn't noticed too many posts (if any) discussing full lots. Clearly, if it works for minis it should work for micros and standards. Agreed?

I've not gone live yet as: (1) FB needs further testing for my comfort level; and (2) I've yet to do the math on standards, e.g., what is my potential profit and exposure for let's say 1 standard lots, trading 4 pairs with no more than 4 open orders per pair, tp=20, and a max stop loss of 150 per pair. Sounds like roughly an account of $10 - $15k would absorb the worse case scenario (all four pairs had four open orders and all orders hit the SL; please correct me if necessary).

I digress. Thanks Valerie.
  • #1,114
  • Sep 30, 2006 11:24pm Sep 30, 2006 11:24pm
Quoting traderone
OK.... Your account is too SMALL to trade lots that big.

Secondly, I noticed closed trades for losses that were only around 46 pips.
Are you closing your trades manually for losses? That is a quick route to failure I think. You must let the EA have room to work. That is why the SL is large! Let the trades alone and cut down your lot sizes right away. Or, you can try trading only the EURSUD or ONLY the USDCHF on 0.1 lots. That's all.

My live account drew down for two weeks on 0.05 lots on a $2200 account before it started to recover. There will be periods of drawdown or flatness )is that a word?). I should also mention that I let it run THROUGH news events. Usually good things happen then.
thanks traderone, i will try this ea next week, with a bit large account.
  • #1,115
  • Oct 2, 2006 11:42am Oct 2, 2006 11:42am
Hi All

I am new to the programming side of the Firebird EA. Can any one assist me?

I would like to ask a few questions:

1. How does one get a functional advisor for a live account?
2. How does one go about creating ones own, once one becomes more experienced?
3. Can i do the changes directly in the FXDD site under the coding section and how?

I have been doing website building as a hobby, but this is scary knowing it will effect your capital and might make you bankrupt if you write the wrong code, unlike making a mistake with the web page and just fixing it again...

LOL.....
  • #1,116
  • Oct 2, 2006 11:55am Oct 2, 2006 11:55am
Quoting accrete
Maybe it is just my setup w/IBFX, but one thing that seems to be some what of a pattern in my FB demo testing is that 63Gs and 63Hs are making significant profits the first two days of the week (Sunday afternoon through pre NY market open on Wed) and giving the profits back Wed/Thur/Fri. ....

What to do. Well next Monday i'm going to run a parallel test w/a Mon/Tue run only and see what happens.

: ) Thom
Maybe it's just my setup but neither FB (63h or TS) has initiated a trade this week. What about you?
  • #1,117
  • Oct 2, 2006 1:24pm Oct 2, 2006 1:24pm
MonyMa$ter, I have the same problem.
In my statement you'll find 2 trades I made myself using my brain.
But I love TS very much, this is my toy. On live i'm gonna play only SL and TS.
Attached File(s)
File Type: zip Statement.zip   3 KB | 322 downloads
  • #1,118
  • Oct 2, 2006 1:30pm Oct 2, 2006 1:30pm
My FB H04 has taken four trades since Sunday evening. One closed in profit the other three are in negative float right now. Trading on M5 charts.

My live account of V1.0a continues in profit. (Whew).
Don Life is expensive, but includes a free trip around the sun.
  • #1,119
  • Oct 2, 2006 1:40pm Oct 2, 2006 1:40pm
Quoting MoneyMa$ter
Maybe it's just my setup but neither FB (63h or TS) has initiated a trade this week. What about you?
My FB TS opened a trade on GBP/USD about 2 hours before today's news. It was in profit and almost hit my TP of 30 pips before it started heading the wrong way. I manually closed it out after losing 50 pips. (ON DEMO).

But that has been my only trade using FB TS since initializing it last night on 4 pairs.

I am still trying to figure out the setup inputs to tweak the EA.

Keep us posted on your trades.

Thanks for your contribution.
  • #1,120
  • Oct 2, 2006 1:43pm Oct 2, 2006 1:43pm
Quoting Piece Of The Pie
My FB TS opened a trade on GBP/USD about 2 hours before today's news. It was in profit and almost hit my TP of 30 pips before it started heading the wrong way. I manually closed it out after losing 50 pips. (ON DEMO).

But that has been my only trade using FB TS since initializing it last night on 4 pairs.

I am still trying to figure out the setup inputs to tweak the EA.

Keep us posted on your trades.

Thanks for your contribution.
Edit, sorry it was USD/CAD not GBP/USD
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