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Firebird EA - fixed version -

  • #1,181
  • Oct 8, 2006 8:32pm Oct 8, 2006 8:32pm
rideblitz,

Also at 4:03 gmt, short usd/chf at 1.2611, SL 1.2711, TP 1.2561, currently
-$15.86.
  • #1,182
  • Oct 8, 2006 9:03pm Oct 8, 2006 9:03pm
moneyma$ter,

can you please post your set file, if you're using one. or just all the settings you're using. mine has yet to open any, however standard 63g-ts has. so i think something in my stettings is holding it back.

thanks.
-i trade currencies at the airport-
  • #1,183
  • Oct 8, 2006 9:20pm Oct 8, 2006 9:20pm
also is there anything special needed if i'm using an ibfx mini? this is my first test with them. all others had been with other brokers in standard accounts (which is also where regualr 63g-ts is working). hmm.
-i trade currencies at the airport-
  • #1,184
  • Oct 9, 2006 5:43am Oct 9, 2006 5:43am
Well, just fyi. If you trade .03 lots when opening a mini demo, you'll actually be getting .03 cents a pip (on EUR/USD). With money management turned on, your fb ea should trade 0.40 lots or sometimes 0.30 lots which equates to .40 cents or .30 cents which is safe in my book. Also be aware that the default for risk is 10%. If you want your risk to be less than 10%, you'll need to modify that in the user settings which you can do when you first load the EA... or you can do after the fact by pressing F7.

Quoting sinclap
Thanks..I saw your post after I submitted mine.

One clarification...Can I trade the three pairs on a micro at .03 setting safely?
  • #1,185
  • Oct 9, 2006 5:49am Oct 9, 2006 5:49am
Quoting rideblitz
also is there anything special needed if i'm using an ibfx mini? this is my first test with them. all others had been with other brokers in standard accounts (which is also where regualr 63g-ts is working). hmm.
Because some brokers, including IBFX, use the suffix "m" on Mini Accounts charts, all Firebird Fixed versions probably will not place order on jpy pairs.

The code on all Fixed versions should have this modification. These include versions v1.0a, v1,0b(1,2,3), v1.0c(1).

Existing code:

Inserted Code
 
if ((Symbol()=="EURJPY") || // FIXED BY SKYLINE ON 11 Aug 2006
 (Symbol()=="USDJPY") ||
 (Symbol()=="CHFJPY") ||
 (Symbol()=="AUDJPY") || 
 (Symbol()=="CADJPY") || 
 (Symbol()=="NZDJPY") || 
 (Symbol()=="GBPJPY") ||
 (Symbol()=="SGDJPY"))

Change above code to:

Inserted Code
 
if ((Symbol()=="EURJPY") || (Symbol()=="EURJPYm") || // FIXED BY SKYLINE ON 11 Aug 2006
 (Symbol()=="USDJPY") || (Symbol()=="USDJPYm") ||
 (Symbol()=="CHFJPY") || (Symbol()=="CHFJPYm") ||
 (Symbol()=="AUDJPY") || (Symbol()=="AUDJPYm") ||
 (Symbol()=="CADJPY") || (Symbol()=="CADJPYm") ||
 (Symbol()=="NZDJPY") || (Symbol()=="NZDJPYm") ||
 (Symbol()=="GBPJPY") || (Symbol()=="GBPJPYm") ||
 (Symbol()=="SGDJPY") || (Symbol()=="SGDJPYm"))

Wackena
  • #1,186
  • Oct 9, 2006 7:00am Oct 9, 2006 7:00am
Quoting rideblitz
moneyma$ter,

can you please post your set file, if you're using one. or just all the settings you're using. mine has yet to open any, however standard 63g-ts has. so i think something in my stettings is holding it back.

thanks.
Code modified for standard lots:


//----------------------- USER INPUT
extern int MA_length = 10;
extern int MA_timeframe = 15;
extern int MAtype = 0; //0=close, 1=HL
extern double Percent = 0.05;
extern int TradeOnFriday = 1;
extern int slip = 100; //exits only
extern bool UseMM = 0; // Money Management - 1 = true & 0 = false
extern double Risk = 1.0; // percent of account equity to risk per trade
extern double Lots = 1.0; // modified by MoneyMa$ter
extern int TakeProfit = 50;
extern int Stoploss = 100; // total loss on all open positions in pips // modified by Renato
extern double TrailingStop = 10; // modified by MoneyMa$ter
// Ron added for iFXAnalyzer
extern int Fast_Period = 23;
extern int Fast_Price = PRICE_OPEN;
extern int Slow_Period = 84;
extern int Slow_Price = PRICE_OPEN;
extern double DivergenceLimit= 0.002;
extern bool Use_V63D_Divergence = 1; // 0 - Use original method for divergence, 1 - use in iFXAnalyzer
extern int PipStep = 40;//if position goes this amount of pips against you add another.
extern double IncreasementType = 0;//0=just add every PipStep, >0 =OrdersToal()^x *Pipstep
double Stopper=0;
double KeepStopLoss=0;
double KeepAverage;
double dummy;
double spread=0;
double CurrentPipStep;
int OrderWatcher=0;
// Ron Adds
int maxDD=0;
int maxOO=2;
  • #1,187
  • Oct 9, 2006 7:53am Oct 9, 2006 7:53am
thanks moneyma$ter. my settings seem fine, yet still no orders placed yet.

and thanks wackena, i read about the jpy pairs over in the phoenix 2007 thread, however right now i'm not trading any of those. i'm currently set on usdchf, usdcad, and eurusd. chf and euro on 1minutes; cad on 5minutes. still nothing going on.

i'm confused by it all any help is appreciated.
-i trade currencies at the airport-
  • #1,188
  • Edited 8:48am Oct 9, 2006 8:45am | Edited 8:48am
Wackena,

Question:

I've noticed a number of trades taking profits in both versions (v63 TS and v63H-ts) but TP wasn't reached. Shows as pink in the MT4 account history. Presumably, Firebird intentionally revises SL to a profit number less than the TP and exits early for profit? This morning alone, I'm showing more than $500 in profit on 4 trades due to these early exits. It cannot be the TS function since the SL is 100 or more pips away. Not complaining, just that in all my getting, I like gaining understanding.

Please confirm. Thanks.
  • #1,189
  • Oct 9, 2006 8:58am Oct 9, 2006 8:58am
Quoting MoneyMa$ter
Wackena,

Question:

I've noticed a number of trades taking profits in both versions (v63 TS and v63H-ts) but TP wasn't reached. Shows as pink in the MT4 account history. Presumably, Firebird intentionally revises SL to a profit number less than the TP and exits early for profit? This morning alone, I'm showing more than $500 in profit on 4 trades due to these early exits. It cannot be the TS function since the SL is 100 or more pips away. Not complaining, just that in all my getting, I like gaining understanding.

Please confirm. Thanks.
that is the TS doing that, looking at your setting above, your TS is 10, such that, when the price moves 10pips in profit your SL gets reassigned to breakeven, as it moves more into profit the the SL keeps getting moved up and up with it, so eventually if there is a reversal, it will hit the newly defined SL which is actually in profit thanks to the TS.
-i trade currencies at the airport-
  • #1,190
  • Oct 9, 2006 9:17am Oct 9, 2006 9:17am
Quoting rideblitz
that is the TS doing that, looking at your setting above, your TS is 10, such that, when the price moves 10pips in profit your SL gets reassigned to breakeven, as it moves more into profit the the SL keeps getting moved up and up with it, so eventually if there is a reversal, it will hit the newly defined SL which is actually in profit thanks to the TS.
Thanks rideblitz,

Obviously I didn't consider the change of SL to BE which certainly explains it because otherwise the SL is so distant, the TS would have no impact. Of the last 10 trades closed by FB, all winners, five closed due to the TS routine. Each of the trades I shared with you yesterday closed in profit this morning It works like a charm!!

BTW, is your EA trading yet?
  • #1,191
  • Oct 9, 2006 9:30am Oct 9, 2006 9:30am
Quoting MoneyMa$ter
Thanks rideblitz,

Obviously I didn't consider the change of SL to BE which certainly explains it because otherwise the SL is so distant, the TS would have no impact. Of the last 10 trades closed by FB, all winners, five closed due to the TS routine. Each of the trades I shared with you yesterday closed in profit this morning It works like a charm!!

BTW, is your EA trading yet?
No problem. Glad everything going good for you.

And, I got one trade out of it finally for usdchf, but just the one, its currently still open. I changed percent from 0.1 to 0.05. though i usually like 0.1 but if it works on .05 i'm happy.

oh whats the sound? just opened a new trade on usdcad i think it's finally coming in to play, took it long enough, only 2 trades in ~15hours. hping for better things to come, also i just realized today is technically a holiday so market volume is probably pretty low right now.
-i trade currencies at the airport-
  • #1,192
  • Oct 9, 2006 10:06am Oct 9, 2006 10:06am
Quoting MoneyMa$ter
Wackena,

Question:

I've noticed a number of trades taking profits in both versions (v63 TS and v63H-ts) but TP wasn't reached. Shows as pink in the MT4 account history. Presumably, Firebird intentionally revises SL to a profit number less than the TP and exits early for profit? This morning alone, I'm showing more than $500 in profit on 4 trades due to these early exits. It cannot be the TS function since the SL is 100 or more pips away. Not complaining, just that in all my getting, I like gaining understanding.

Please confirm. Thanks.
MoneyMa$ter,

t/s has a catch 22. The good point is that it can secure profits if price does not quite reach t/p. It does this just as you described above. The catch 22 is that after s/l is set by t/s, then price reverses a little before proceeding. the s/l can be trigger by the reverse and then potential t/p profit is not gained. With FB type EAs, I've found the s/l to be beneficial as many times price will reverse strongly before reaching t/p. Without t/s and s/l of 300, orders can stay open a long time. Using t/s closes many orders so new order can be opened.

Just my opinion.

Wackena
  • #1,193
  • Oct 9, 2006 10:08am Oct 9, 2006 10:08am
Quoting rideblitz
No problem. Glad everything going good for you.

And, I got one trade out of it finally for usdchf, but just the one, its currently still open. I changed percent from 0.1 to 0.05. though i usually like 0.1 but if it works on .05 i'm happy.
I had the same result when I switched from 0.1 to .05 - more trades. Also running everything on 1M charts, except cable and Euro both of which are on 5m charts.
  • #1,194
  • Oct 9, 2006 10:25am Oct 9, 2006 10:25am
Quoting wackena
MoneyMa$ter,

t/s has a catch 22. The good point is that it can secure profits if price does not quite reach t/p. It does this just as you described above. The catch 22 is that after s/l is set by t/s, then price reverses a little before proceeding. the s/l can be trigger by the reverse and then potential t/p profit is not gained. With FB type EAs, I've found the s/l to be beneficial as many times price will reverse strongly before reaching t/p. Without t/s and s/l of 300, orders can stay open a long time. Using t/s closes many orders so new order can be opened.

Just my opinion.

Wackena
Your opinion is always appreciated here, Wackena.

Trading standard lots, I'd rather have more trades with shorter profit runs [it's the newstrader in me!]. Also avoids potentially huge losses. BTW, FB took the full 100 pip loss (Demo) during NFP (Euro; $/chf and Gbp/jpy). Just another learning opportunity see success (loss).

By comparison, trading minis and micros, each trade would stay open a longer time and each trade would garner more pips so it probably works out roughly the same in terms of real dollar profits.
  • #1,195
  • Oct 9, 2006 12:34pm Oct 9, 2006 12:34pm
Hi dscott5912,

I was able to go live today on three currency pairs using the 1.0a1. The pairs are USD/EUR, USD/CHF and USD/CAD which works best.

What pairs work best for 1.0c?

Thanks..





Quoting dscott5912
Hi sinclap -

If you're going to run v1.0a with a beginning balance of $400, I highly recommend using v1.0a1 which includes money management and min margin level protection. You can find v1.0a1 attached to my post..

http://www.forexfactory.com/forexfor...postcount=1163
  • #1,196
  • Oct 9, 2006 12:37pm Oct 9, 2006 12:37pm
Firebird October 3 to October 9, 12:30 pm est, on SBFX MT4:

A. 12 consecutive winners back to October 6, including five today

B. Traded six USD pairs with v63g-TS and six non-USD withv63H[04]-TS:

Usd/jpy Usd/cad Usd/chf Aud/usd Gbp/usd Eur/usd.

C. Traded Six non-USD pairs with v63H[04] and TS added by Wackena:

Eur/gbp Eur/chf Eur/jpy Gbp/chf Eur/aud Gbp/jpy.

RESULTS:

$7,273.36 Profit

$5,769.23 Losses

ANALYSIS OF LOSSES

(a) $3,535.10 "NFP-losses" accounted for more than 60% of the loss, trades were open prior to NFP and itemized as follows:
2 Eur/usd trades for -$1,000 each and one Eur/aud at -$742.90 one Usd/chf at -$792.20 all trades directly attributable to remaining in market during NFP. Conclusion: terminate FB 24 hours prior to NFP or alternatively, terminate trading the majors 24 hours prior.

(b) -$851.14 gbp/jpy; this pair has been eliminated from trading

(c) -$1,382.99 with 42 pip SL; too close; SL now set at 100.

Current v63g TS Settings:

Percent .05
1 standard lot
TS 10
TP 50
SL 100
MM 0
Max00 2

Current v63H[04]TS settings:

TP 25
MaxOpenOrders 4
Pipstep 40
Everything else is the same as v63g.

Perhaps I'll ask staff to determine the number of pips but right now, it's Time to go "live"!!
  • #1,197
  • Oct 9, 2006 1:48pm Oct 9, 2006 1:48pm
MoneyMa$ter.....

Which script will you use to go LIVE? H04 or the regular TS? thanks. Just curious. I'm live on v1.0a with no frills.
Don Life is expensive, but includes a free trip around the sun.
  • #1,198
  • Oct 9, 2006 5:04pm Oct 9, 2006 5:04pm
Hi All
First loss trade hit today for me in forward demo test started on 1 Aug 2006 using Firebird v0.63g with 30-300-30 settings on USDJPY
Anyway my demo account starting with 10000$ is still good enough now at 13310$ with 141 consecutive winning trade (about 4230 pips) and as i said only 1 losing trade
I think it's really difficult to find a manual forex trader that can have these performance, am I right?
  • #1,199
  • Oct 9, 2006 7:15pm Oct 9, 2006 7:15pm
Quoting traderone
MoneyMa$ter.....

Which script will you use to go LIVE? H04 or the regular TS? thanks. Just curious. I'm live on v1.0a with no frills.
Traderone,

I'm leaning toward v63g-TS but I want to study the results to determine which performed the "better" of the two. Also thinking of switching EAs: H04 on US pairs; and v63gTS on the remainder.
  • #1,200
  • Oct 9, 2006 7:25pm Oct 9, 2006 7:25pm
Quoting MoneyMa$ter
I had the same result when I switched from 0.1 to .05 - more trades. Also running everything on 1M charts, except cable and Euro both of which are on 5m charts.
how do you like .05 percent compared to .1, i know it gives more trades, but are the "quality of the trade" still good? as in not a lot of false signals?

and how do you like the Euro on 5minute? i usually use 1min, but have good luck with usdcad on 5min, so am exploring the idea of trying the Euro on 5min.

thanks for all the help the past day or so
-i trade currencies at the airport-
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