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Firebird EA - fixed version -

  • #1,201
  • Oct 9, 2006 8:24pm Oct 9, 2006 8:24pm
Quoting rideblitz
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
Percent controls the quantity of trades because it relates to price action outside the band created by FireBird: further from the band, fewer trades. Quality is a function of the other settings, such as lotsize, TF, TP, TS and SL. Getting the settings right is akin to determining the combination to a vault - once all the chambers align the door opens and the vault yields its riches.

So to answer your question, I think I've found a high percentage of quality trades because I've tinkered with settings, finding a great combination for standard lots. Fully sixty percent of my losses were "NFP induced"; another 20% or so were due to a tight SL of 42 which doesn't work for me. Eliminating the "NFP induced" losses and changing the SL significantly improved the trade quality.

Highly volatile pairs I think should be traded on 5 min (or higher??) charts. That's explained in the thread somewhere and I think it's true. Some traders stay away from the volatile pairs (that's probably the longest timeframe ).
  • #1,202
  • Oct 10, 2006 12:30am Oct 10, 2006 12:30am
All you guys out there. I've done away with Money Management.

I hope when it is turned off the TS and other functions still work.

I put FB V1.0C1 on 3 currencies last night.
In two minutes it placed 10 standard Lots on Euro/Chf on $10k demo.

A 50 pip movement would wipe the account out at about $200 a pip.

Phoenix on another currency with MM opened 0.5 Lots.
---
I'm running:
FB HO4 TS MM
Phoenix 4.2
FB 1A
FB 1.0C1
over 9 currency pairs.

Too much concern with money management, so manual is easier.

-----------------------------------------------------------
My account History never works. I need help.

I used to use IBFX, and stopped months ago.
Trades would finish and only about half turned up in Account History.

I have been using FXDD demos ever since, but still 1/4 - 1/2 of trades do not go to Account History. And after a week no trades remain there.

My North Finance live account does the same thing. It shows no account history after a few days.


All you people keep putting files of your trades up, but i cannot even view mine. Are there setting i need to change?
I'd like to share my trades as well.
  • #1,203
  • Oct 10, 2006 12:45am Oct 10, 2006 12:45am
Quoting bradman
My North Finance live account does the same thing. It shows no account history after a few days.


All you people keep putting files of your trades up, but i cannot even view mine. Are there setting i need to change?
I'd like to share my trades as well.
When you get a new demo each month with IBFX the history is gone. On a live account or a demo that does not expire all history should be there.

With the terminal window open select the 'account history' tab right mouse click over the trades in history and select 'all history' from the mouse pop-up menu. You should see all history including deposits. If you do not I would complain loud and long to the broker on a live account. When you right click there are other periods you can select including custom periods. When ever we start a new month my live accounts, by default, only show the current month until I right click and select a longer history period. It somtimes takes several seconds after you select 'all history' to display properly if you have had the account for a long time.
  • #1,204
  • Oct 10, 2006 5:49am Oct 10, 2006 5:49am
Can some kind soul point me to the subject version, which is not in the FireBird Expert Advisor Resource Page?

Thanks
  • #1,205
  • Oct 10, 2006 7:11am Oct 10, 2006 7:11am


As a percent of your account balance, how big do you allow the float to get -5%, -10%, etc. before you start manually closing trades or shutting Firebird off??

Thanks
Rusty

ps anybody notice FB opening a lot of trades today??
  • #1,206
  • Oct 10, 2006 8:00am Oct 10, 2006 8:00am
skyline thanks buddy!
Your idea for this tread is great!
You think on the right way!
Good luck!
  • #1,207
  • Oct 10, 2006 8:05am Oct 10, 2006 8:05am
Quoting Trinity
Can some kind soul point me to the subject version, which is not in the FireBird Expert Advisor Resource Page?

Thanks
Peter,

Sorry about that. I forgot Wackena posted this in Post#1158 over in the other Firebird thread.


<LEGEND>Attached Files</LEGEND><TABLE cellSpacing=3 cellPadding=0 border=0><TBODY><TR><TD>http://www.forexfactory.com/forexfor...attach/mq4.gif</TD><TD>Firebird-v63H04-TS.mq4 (22.8 KB, 56 views)</TD></TR></TBODY></TABLE>
  • #1,208
  • Oct 10, 2006 9:31am Oct 10, 2006 9:31am
Hello to everyone

Im testing FB v63H04, FB v63G and FB v1A all on 5min TF. I found different input values of MA_length, MA_timeframe and DivergenceLimit between them.

Are you using the default value that comes with the EA?
  • #1,209
  • Oct 10, 2006 11:47am Oct 10, 2006 11:47am
Quoting kihl
Hello to everyone

Im testing FB v63H04, FB v63G and FB v1A all on 5min TF. I found different input values of MA_length, MA_timeframe and DivergenceLimit between them.

Are you using the default value that comes with the EA?
Yes, as to v63H04 and v63G, both with TS.
  • #1,210
  • Oct 10, 2006 3:40pm Oct 10, 2006 3:40pm
MoneyMa$ter - have you compared 63H04/63G with v1.0a/c?


Quoting MoneyMa$ter
Yes, as to v63H04 and v63G, both with TS.
  • #1,211
  • Oct 10, 2006 3:50pm Oct 10, 2006 3:50pm
[quote=MoneyMa$ter]
Peter,

Sorry about that. I forgot Wackena posted this in Post#1158 over in the other Firebird thread.


attachmentid=11239"]Firebird-v63H04-TS.mq4

Thanks very much.
  • #1,212
  • Oct 10, 2006 5:32pm Oct 10, 2006 5:32pm
For those of you interested in using money management and/or margin level protection with v63H03, I have included it.

You have the option of turning either one off or on when you first load it (or afterwards by pressing F7) on the "Inputs" tab. One cautionary note under money management. If you are using a miniaccount with IBFX, the formula coded in the UseMM routine will work correctly. If you are using a miniaccount with another broker, like FXDD, you will need to change the following code from ...

Lots=AccountEquity()* Risk/100/100; // specific for minilots with IBFX

to ...

Lots=AccountEquity()* Risk/100/1000; // other broker like FXDD

IBFX calculates this a bit different on a mini is why.

*** As always, please be sure to test any modified EA before going live ***
Attached File(s)
File Type: mq4 Firebird V63 H03.mq4   22 KB | 400 downloads
  • #1,213
  • Oct 10, 2006 9:45pm Oct 10, 2006 9:45pm
Quoting dscott5912
MoneyMa$ter - have you compared 63H04/63G with v1.0a/c?
That's a negative 5912, have not done so. Have you? Come back.
  • #1,214
  • Oct 10, 2006 9:53pm Oct 10, 2006 9:53pm
Negatory... (not that that's a real word)

BTW, I dig your quote!

Quoting MoneyMa$ter
That's a negative 5912, have not done so. Have you? Come back.
  • #1,215
  • Oct 10, 2006 9:56pm Oct 10, 2006 9:56pm
Results for October 10, 2006:

Trading 1 lot, demo. Six trades closed, each opened today, for a total of 168 pips. No losers. All six were v63H[04]-TS. Settings posted earlier in this thread.

Interesting day in that currency pairs were trending, dollar strengthening. At one time, float was -$3,800.00; currently -$2,370.00. Good thing is everything closing generated a profit. Several very negative pairs trading in the float but I expect this to turn around, as that's the general history of Firebird (although on several occasions, the full 100 pip SL was hit.
  • #1,216
  • Oct 10, 2006 10:09pm Oct 10, 2006 10:09pm
Quoting MoneyMa$ter
Results for October 10, 2006:

Trading 1 lot, demo. Six trades closed, each opened today, for a total of 168 pips. No losers. All six were v63H[04]-TS. Settings posted earlier in this thread.

Interesting day in that currency pairs were trending, dollar strengthening. At one time, float was -$3,800.00; currently -$2,370.00. Good thing is everything closing generated a profit. Several very negative pairs trading in the float but I expect this to turn around, as that's the general history of Firebird (although on several occasions, the full 100 pip SL was hit.
Hello Moneymaster

What is your TP and TS settings? Im running FB A, H04-ts and 63G-ts on 10,000us account, 5min TF. H04-ts and 63G-ts closed 2 trades in profit with a negative float of -700.
  • #1,217
  • Oct 10, 2006 10:43pm Oct 10, 2006 10:43pm
Quoting kihl
Hello Moneymaster

What is your TP and TS settings? Im running FB A, H04-ts and 63G-ts on 10,000us account, 5min TF. H04-ts and 63G-ts closed 2 trades in profit with a negative float of -700.
See my posts numbered 1186 and 1196 in this thread.

And you're trading how many currencies? I'm trading 12 pairs, most on 1 minute charts. But read the earlier posts and you'll have the answers to your questions.
  • #1,218
  • Oct 10, 2006 11:21pm Oct 10, 2006 11:21pm
Thanks NVWINE, i'll try that
  • #1,219
  • Oct 10, 2006 11:24pm Oct 10, 2006 11:24pm
In two days only had 5 trades open, and none with Ho4 ts.

all trades hit SL (phoenix), v10c1 manually closed breakeven

FB 1a opened two trades US/Jap floating down
phoenix opened Euro/Jap floating down.

FB's running M5
phoenix M15

more trades should be opening i think, after seeing other's FBs trading...
  • #1,220
  • Oct 11, 2006 8:26am Oct 11, 2006 8:26am
My Firebird is stuck!

Ok here it is, I had FB running on USDCHF & EURUSD, it went Long on EURUSD, and Short on USDCHF. The problem is that it there is 4-5 open orders of each. FB went chasing the trend on Tuesday Morning (EST), and I now have about 5% of my Equity in each of those pairs, so about 10% of it tied up at the moment. (this is on a small live mini account) Am I correct in saying that the USD got stronger , and until it reverses a bit I am going to be stuck with these open trades. Would it be better to close them out and start clean? How long before the $$ reverses a little? But more importantly, why did FB try to keep chasing the trend? And what can I do to prevent this in the future?

Rusty
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