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Firebird EA - fixed version -

  • #1,241
  • Oct 11, 2006 7:02pm Oct 11, 2006 7:02pm
Wackena,

As others in this thread, I was stopped out on two 300 pip trades in USD/CHF and manually closed out others (~600 pips additional) for a fairly substantial loss ($4000-$5000...fortunately demo).

Lately, I've been thinking about automatically closing orders that are older than 14 days and/or x amount of pips away from TP (say 150). How difficult would this be to program in to 63H04_TS? In order for this to occur, both parameters would have to be met. In addition, I think that adding money management like v.1c would help to keep from being to aggressive with increasing lot size.

I realize that adding the above may result in losses that may have reversed later to TP, but usually they don't after they are that far away. Any help in programming this would be appreciated.

1Trader2
  • #1,242
  • Oct 11, 2006 7:11pm Oct 11, 2006 7:11pm
Quoting mr.trader
Hi there !

well guys ... this is question of the staring time of this bird... I also see it at my live and demo accounts, some of them are floating kings others close one order after the other...

Itīs a question of the starting time, i donīt think that we can fix this problem...

Hope this helps,

mr.trader

Mr. Trader,

Could you please expand on this? What do you mean by starting time. In relation to the trend of the chart, or time of day?

Thanks
Rusty
  • #1,243
  • Oct 11, 2006 10:43pm Oct 11, 2006 10:43pm
Greetings all : )

WOW, i'm just back from holiday and came home to over 4,300 new posts! No way i can easily catch up with all that reading, but wanted to say that our resource page now has the 63H04 and TS versions up there. I didn't make time to upload them before my exodus last week but the page is up to date now.

I'm glad to read of all the good trades our FB has given those in forward and live testing. I shut everything down before leaving, but i'm contemplating spending the few dollars a month for a virtual server so i won't have to bother with leaving a PC on at home when i go away ( : which i like to do often since my employer spoils me w/over 6 weeks of paid time off a year : )

Cheers,
Thom
  • #1,244
  • Oct 11, 2006 11:18pm Oct 11, 2006 11:18pm
Quoting traderone
MOneyma$ter, how much float are you carrying on your Firebirds? I know you closed 14 trades, but are even more still open?

I had to close down my live account for the first time in over a month. Was afraid I would lose my shirt, then of course the action turned around after I closed out. Sigh. Can't decide whether to crank it up again or not.

By the way Moneyma$ter.... don't worry too much about that 100 pip loser. I had TWO for 300 pips each..........
Traderone,

My apologies for the late response. Just getting to a binary-based, table-top accessory (aka laptop); buying crude all evening! Russian D2 to be exact. But I digress.

I was demo-trading 12 currency pairs on a standard lot so float got relatively high, like $2000-$3000. But that also included FLYER! test lots. Yes there were still open pairs trading that I manually closed. Trading universe now reduced to 8 (fib?) with a goal of 6 pairs for live trading.

I've contributed (don't like the "L" word) as high as $16,000 in a single trade (live) so I'm not really concerned about 100 pips. I think it can be avoided however. Those losses seemed to occur because the trade opened by FB never moved into profit which, had the trade moved far enough in profit, would have allowed a revision of the SL to BE. Major losses (100 pips in my test-cases) happened because the trade opened and went straight south (or north) to the SL. I had numerous trades close in profit because FB moved SL to BE. Didn't make TP but made a profit. And that's the name of the game. Profit.

Possible solution: if trade never moved into profit, or if entry price is never exceeded and current price hits a predetermined point defined by trader, like negative 65 pips for example (or less) from the entry, then program FB to liquidate the trade. Differs from a pure SL because in my scenario if prices did initially move toward profit, then there's a chance the trend will reverse and become profitable again. But when prices immediately move to loss territory, it seems to continue all the way unabated to SL. I'd like to liquidate before the full SL is hit.

Programmable?
  • #1,245
  • Oct 11, 2006 11:19pm Oct 11, 2006 11:19pm
I went live on InterBank mini using FB 1.oa1 on three pairs. I though I set the micro settings but it did not trade that way. Anyone know how to set the settings to a micro?
  • #1,246
  • Oct 11, 2006 11:24pm Oct 11, 2006 11:24pm
Quoting 1trader2
Wackena,

As others in this thread, I was stopped out on two 300 pip trades in USD/CHF and manually closed out others (~600 pips additional) for a fairly substantial loss ($4000-$5000...fortunately demo).

....
I realize that adding the above may result in losses that may have reversed later to TP, but usually they don't after they are that far away. Any help in programming this would be appreciated.

1Trader2
1Trader2 and Wackena,

See my post no. 1244 herein addressing the same issue but from a different perspective in terms of solution.
  • #1,247
  • Oct 11, 2006 11:53pm Oct 11, 2006 11:53pm
Unlucky, Bender!

Quoting cgldsmth
LOL!

I was 100% up on equity on the franc before NFP, now 90% down. Would have all been avoided if i'd stuck to the rules and closed it all down last wednesday. an expensive lesson.
  • #1,248
  • Oct 12, 2006 12:09am Oct 12, 2006 12:09am
Quoting MoneyMa$ter
Traderone,



I've contributed (don't like the "L" word) as high as $16,000 in a single trade (live) so I'm not really concerned about 100 pips. I think it can be avoided however. Those losses seemed to occur because the trade opened by FB never moved into profit which, had the trade moved far enough in profit, would have allowed a revision of the SL to BE. Major losses (100 pips in my test-cases) happened because the trade opened and went straight south (or north) to the SL. I had numerous trades close in profit because FB moved SL to BE. Didn't make TP but made a profit. And that's the name of the game. Profit.

Possible solution: if trade never moved into profit, or if entry price is never exceeded and current price hits a predetermined point defined by trader, like negative 65 pips for example (or less) from the entry, then program FB to liquidate the trade. Differs from a pure SL because in my scenario if prices did initially move toward profit, then there's a chance the trend will reverse and become profitable again. But when prices immediately move to loss territory, it seems to continue all the way unabated to SL. I'd like to liquidate before the full SL is hit.

Programmable?
No MoneyMa$ter, I knew you weren't worried about the 100 pips. I was just kidding a little. (If I can do that on a day that I lose two 300 pip trades).

I appreciate your thoughts on this and have often wondered about lowering the SL (why just hang around with a bad trade forever?). Also wondered about lowering the TP a little. Perhaps the TS versions are a good choice. If and when a start up again I might go with the H04_TS.

And true to my usual style, after closing manually all my big losing open trades, the market immediately reversed and would have restored around half of my losses. Typical.
Don Life is expensive, but includes a free trip around the sun.
  • #1,249
  • Oct 12, 2006 3:00am Oct 12, 2006 3:00am
Quoting sinclap
I went live on InterBank mini using FB 1.oa1 on three pairs. I though I set the micro settings but it did not trade that way. Anyone know how to set the settings to a micro?
Just use 0.1 lot on a mini account and you've got micro.

Good luck!
  • #1,250
  • Oct 12, 2006 3:21am Oct 12, 2006 3:21am
Quote
Possible solution: if trade never moved into profit, or if entry price is never exceeded and current price hits a predetermined point defined by trader, like negative 65 pips for example (or less) from the entry, then program FB to liquidate the trade. Differs from a pure SL because in my scenario if prices did initially move toward profit, then there's a chance the trend will reverse and become profitable again. But when prices immediately move to loss territory, it seems to continue all the way unabated to SL. I'd like to liquidate before the full SL is hit.

Programmable?


This is an interesting idea
  • #1,251
  • Oct 12, 2006 4:01am Oct 12, 2006 4:01am
Quoting MoneyMa$ter
1Trader2 and Wackena,

See my post no. 1244 herein addressing the same issue but from a different perspective in terms of solution.
FB-TS and fixed versions has sub-routines that are not used, CloseTheseTrades() and CloseLoosingTrades() .

CloseTheseTrades() will just close all trades. I believe this was intended to be used in an end of week or bad trading time routine to close all orders.

CloseLoosingTrades() uses a Trend indicator based on H4 timeframe to exit orders when a strong trend is detected. This sub-routine could be modified to close orders that have been open for X amount of time and has X amount of loss. I'm not aware as to how to track if order was in profit at one time, but at some later time it is in loss. I could only code EA to trigger an action on conditions at one period of time.

Wackena
  • #1,252
  • Oct 12, 2006 6:29pm Oct 12, 2006 6:29pm
Quoting wackena
FB-TS and fixed versions has sub-routines that are not used, CloseTheseTrades() and CloseLoosingTrades() .

CloseTheseTrades() will just close all trades. I believe this was intended to be used in an end of week or bad trading time routine to close all orders.

CloseLoosingTrades() uses a Trend indicator based on H4 timeframe to exit orders when a strong trend is detected. This sub-routine could be modified to close orders that have been open for X amount of time and has X amount of loss. I'm not aware as to how to track if order was in profit at one time, but at some later time it is in loss. I could only code EA to trigger an action on conditions at one period of time.

Wackena

Wackena,

Lets try it and see where it takes us. I also like Moneymasters idea, but sounds like programming might be an issue. Thanks for responding.

1Trader2
  • #1,253
  • Oct 12, 2006 6:59pm Oct 12, 2006 6:59pm
2nd loss in 210 trades since 9th Aug on a variety of 63G/H03/04 enc. The setting are as before, but I am trying the 63H04 with the T/S at present this week.
Attached Image
  • #1,254
  • Oct 12, 2006 7:14pm Oct 12, 2006 7:14pm
Quoting 1trader2
Wackena,

Lets try it and see where it takes us. I also like Moneymasters idea, but sounds like programming might be an issue. Thanks for responding.

1Trader2
Ditto. So all we need do is remove "void" before the appropriate subroutine, then compile and test.
  • #1,255
  • Oct 12, 2006 7:57pm Oct 12, 2006 7:57pm
Blewmoon , in what pair and time frame did u do the back test and can u post the FB version , I been testing the v1.0a for almost 2 month and everything was great till starting the big trends and run out of free margin in almost all pairs (demo account).

Thank u in advance
  • #1,256
  • Edited 8:22pm Oct 12, 2006 8:18pm | Edited 8:22pm
Gico,

No back test, this is a REAL account. The FB versions are all on this site and the other one. The latest 63H04 TS is [I think] by Wakena. And my settups are as posted before, basically the MONO setting but NOW on 5 MIN Chart with a 320 Stop Loss and with a T/S...

I suggest you have a "Basketful" of pairs [without Cable] and try FORWARD testing on a DEMO will various versions..

Good luck

PS I have never tried/or used version 1a
  • #1,257
  • Oct 12, 2006 8:50pm Oct 12, 2006 8:50pm
Quoting blewmoon
2nd loss in 210 trades since 9th Aug on a variety of 63G/H03/04 enc. The setting are as before, but I am trying the 63H04 with the T/S at present this week.
Blewmoon,

Simply outstanding results!! Congratulations.

Now if I can just find the comparable settings for 1 lot trades. Can you imagine the float or the margin using a 320 pip SL on a standard lot and multiple open trades? Not a pretty sight. And definitely NO CABLE!
  • #1,258
  • Edited 9:49pm Oct 12, 2006 9:46pm | Edited 9:49pm
Thanks MoneyMa$ter, but it is all FB, I just watch the screen!!

I am working up to 1 BIG Lot by having several Broker accounts all having a Mini account. I have 3 at the moment with various setting and I am up 1.4 of a Mini lot with them. Thinking about the 320p Stop Loss makes my eyes water, but it seems to work.

I have been trading nearly 8 years [seaching these past few years for an auto system] and when it was first suggested [300S/L], I nearly flipped and I said "it'll NEVER work!!!" But 'Hats Off' to Mono and everyone in the FB Forums.

BTW The start of this week was a diaster. As well as getting my second loss the O/T went ballistic [they have returned to "normal" now], but at the same time I opened my 3rd account.

To make matters worse, PFG FX, opened my account with a Big Lot instead of a Mini [the same thing happened with FXDD last month!]. In a few minutes I was $1,100 down on $/Can... I quickly stopped the EA and I am trying to get it back into credit before opening the EA again... Such is life...
  • #1,259
  • Oct 13, 2006 3:28am Oct 13, 2006 3:28am
hi blewmoon

I have decide to use this version ( Firebird -v63H04TSMM ) in my live acc which is min acc with 1000$ , So could you please tell me how can I adjust these setting




<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

UseMM=

MA_length=<o></o>

MA_timeframe=

MAtype=<o></o>

Percent=<o></o>

TradeOnFriday=<o></o>

slip=

Risk=<o></o>

Lots=<o></o>

TakeProfit=<o></o>

Stoploss=<o></o>

TrailingStop=

MaxOpenOrder=

MinMarginLevel=<o></o>

Fast_Period=

Fast_Price=<o></o>

Slow_Period=<o></o>

Slow_Price=

DivergenceLimit=<o></o>

Use_V63D_Divergence=

PipStep=<o></o>

IncreasementType=<o></o>

DVLimit=

PipsGoal=<o></o>

PipsLoss=<o></o>

GMT=

DST=<o></o>

OpeningHour=<o></o>

ClosingHour=

writelog=
  • #1,260
  • Oct 13, 2006 4:17am Oct 13, 2006 4:17am
Here is what I am using, on a 5 min chart with 63H04TS BUT MAKE SURE THAT YOU HAVE ENOUGH MONEY IN YOUR ACCOUNT. Or alter the lot size to LESS;

MA_length=10
MA_timeframe=15
MAtype=0
Percent=0.05000000
TradeOnFriday=1
slip=100
Lots=1.50000000
TakeProfit=28
Stoploss=320
TrailingStop=19.00000000
MaxOpenOrders=10
MinMarginLevel=250.00000000
TradeFrom1=0
TradeUntil1=24
TradeFrom2=0
TradeUntil2=0
TradeFrom3=0
TradeUntil3=0
TradeFrom4=0
TradeUntil4=0
SafeArea=40.00000000
Fast_Period=23
Fast_Price=1
Slow_Period=84
Slow_Price=1
DivergenceLimit=0.00200000
Use_V63D_Divergence=1
PipStep=28
IncreasementType=0.00000000
DVLimit=10
PipsGoal=500
PipsLoss=500
GMT=0
DST=0
OpeningHour=0
ClosingHour=24
writelog=0
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