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Firebird EA, please test this one, it is one of the greats 1,228 replies

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Firebird EA - fixed version -

  • #1,321
  • Oct 17, 2006 9:48pm Oct 17, 2006 9:48pm
Quoting MoneyMa$ter
FB v.2 Results

October 17, 2006

As of 3:25 pm edt., 16 trades closed today.

15 trades closed in profit for 150 pips; 1 loss for 100 pips. GBP/JPY was the one loss (-$842.03) as it trended unabated to SL 100. I will review the code because this issue was addressed such that losses should stop at 65 pips. Still FB generated $626.75 in net profit.
Reviewed the code.

The condition under which FB liquidates a losing trade is an "and" not an "or" gate. I thought it was an "or" gate in this instance.

In other words, if a trade has been open for "x" hours [like 36] AND pips lost exceeds or equals the designated "liquidate-point-because-of-the-number-of-pips-lost", then FB liquidates the position. Both the "x" hours and "number of pips lost" are trader-provided. The idea is to cut your losses and prevent FB from continuing to the designated SL which at 300 for micros and 100 for standards can be a decent hit. In my tests, that's been the most significant and latest (and last?) obstacle to results without spot or blemish.
  • #1,322
  • Edited 8:15pm Oct 18, 2006 8:04pm | Edited 8:15pm
FB v.2 Results

October 18, 2006

As of 9:00 pm edt., 4 trades closed today.

4 trades closed in profit for 63 pips; FB generated $523.07 in net profit. No runaway pairs; no losses. Fewer trades in part due to reduced trading basket, down to 7 pairs.

Total for the week: +$3,101.65
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  • #1,323
  • Oct 18, 2006 11:09pm Oct 18, 2006 11:09pm
Quoting MoneyMa$ter
I, like Paul (aka Saul), boast in the Lord. For it's in Him the I live, that I move, that I have my being. Without Him I can do nothing and with Him all things are possible to me. That's Word; that's the definition of humility. I'm submitted to His way, not mine.

And to those who say God should be kept out of forex, as far as I know emblazoned on the "almighty" dollar we find the words "In God We Trust"... but everyone else pays cash!!!
Don't stop now. Sounds like you are just getting warmed up.
I am with you on this one for sure.
  • #1,324
  • Oct 18, 2006 11:16pm Oct 18, 2006 11:16pm
Quoting MoneyMa$ter
FB v.2 Results

October 18, 2006

As of 9:00 pm edt., 4 trades closed today.

4 trades closed in profit for 63 pips; FB generated $523.07 in net profit. No runaway pairs; no losses. Fewer trades in part due to reduced trading basket, down to 7 pairs.

Total for the week: +$3,101.65
<!-- / message --><!-- sig -->
Hey, U seem very experienced. Can I ask u for help?
  • #1,325
  • Oct 19, 2006 8:33am Oct 19, 2006 8:33am
Quoting c1ro
Hey, U seem very experienced. Can I ask u for help?
Sure. Most traders at FF are willing to help to some extent. That's what makes FF such a positive and informative place for traders of all levels.
  • #1,326
  • Oct 19, 2006 8:43am Oct 19, 2006 8:43am
FB v.2 Results

October 19, 2006 [9:40 am edt, early report - I've got a 10:30 tee time ]

As of 9:40 am edt., 8 trades closed thusfar today.

8 trades closed in profit for 74 pips; FB generated $474.63 in net profit. No runaway pairs; no losses. Fewer trades in part due to reduced trading basket, down to 7 pairs: USD/JPY; USD/CHF; EUR/GBP; EUR/CHF; EUR/JPY; GBP/CHF; EUR/AUD.
  • #1,327
  • Oct 19, 2006 9:18am Oct 19, 2006 9:18am
My FBv2 test has brought in $1003 closed trades and opened up two trades during this session's trading that are now showing -$417, time will tell if those two are bad calls by FB as it appears on both CHF and EUR they are breaking out of former recent S/R.

MM, thx for the clarification on the AND not OR thingy, was wondering that myself but hadn't looked in the code yet. One thing i'm wondering. I may or may not end up trading FB on Fridays, but lets say the two above trades that (for simplicity) were opened at GMT 00:00 on Thursday, does this mean that 72 (default) clock hours later, if one or both of these trades have exceeded the preset $$ they will close Monday?? (00:01 / 72:01hrs later). Basicaly the Q is are weekend hours included in the close function. . . OR are these "Market" hours??

Cheers,
Thom
  • #1,328
  • Oct 19, 2006 10:50am Oct 19, 2006 10:50am
Quoting MoneyMa$ter
FB v.2 Results

October 19, 2006 [9:40 am edt, early report - I've got a 10:30 tee time ]

As of 9:40 am edt., 8 trades closed thusfar today.

8 trades closed in profit for 74 pips; FB generated $474.63 in net profit. No runaway pairs; no losses. Fewer trades in part due to reduced trading basket, down to 7 pairs: USD/JPY; USD/CHF; EUR/GBP; EUR/CHF; EUR/JPY; GBP/CHF; EUR/AUD.
Can I ask a simple question, first are you using IBFX or another broker and what are your settings, are they those settings which were posted earlier?
Any other hints? I just want to try to duplicate your resultsd and then try improving them.
Blessings
Berdj :-)
  • #1,329
  • Edited 6:40pm Oct 19, 2006 1:27pm | Edited 6:40pm
The market is trending and the float is bleeding bad today,
demo testing latest FBs.
  • #1,330
  • Oct 19, 2006 2:18pm Oct 19, 2006 2:18pm
Quoting berdj
Can I ask a simple question, first are you using IBFX or another broker and what are your settings, are they those settings which were posted earlier?
Any other hints? I just want to try to duplicate your resultsd and then try improving them.
Blessings
Berdj :-)
Berdj,

Thank you for reading the thread. Short answer. Yes, those which were posted earlier.

Please see wackena's post 1277 (includes the EA with settings) and nvwine's post at 1286, especially the end of the pdf attachment. Both posts include settings that should work for the most recent FB v.2 and the earlier version v.01a (or something like that).

Op-ed:
Too many traders keep asking for the settings which indicates they aren't reading the thread. This happens in all the threads with EA testing. My point is reading and studying the posts is extremely helpful and will increase your understanding as to the reason for the settings. In all your getting get understanding thereby avoiding the temptation to just say "gimme the blankety-blank settings so I can make money."

My personal settings are totally different because I'm testing for standard lots, which obviously means a larger account that will accommodate an increased margin and higher negative float.

Finally, you just need an MT4 broker to execute the EAs....the one I use is irrevelant to the success of FireBird.
  • #1,331
  • Oct 19, 2006 2:29pm Oct 19, 2006 2:29pm
Quoting accrete
One thing i'm wondering. I may or may not end up trading FB on Fridays, but lets say the two above trades that (for simplicity) were opened at GMT 00:00 on Thursday, does this mean that 72 (default) clock hours later, if one or both of these trades have exceeded the preset $$ they will close Monday?? (00:01 / 72:01hrs later). Basicaly the Q is are weekend hours included in the close function. . . OR are these "Market" hours??

Cheers,
Thom
Thom,

Wackena just produced this modification last Friday I think, and that issued didn't arise over last weekend. I believe several trades opened that Friday and closed on Monday with a profit.

Not to pass the buck but Wackena can answer that question from a programming perspective better than I can. Seems to me "hours" means "clock" hours. Otherwise wouldn't he have to establish something called "market hours" within the program? I didn't see it. Without such a definition what would differentiate the two (clock hours vs market hours) from a programming perspective? Unless mql includes a predefined term for market hours.

Short answer: Over my pay grade!!
  • #1,332
  • Oct 19, 2006 2:38pm Oct 19, 2006 2:38pm
Quoting bac0n
The market is trending and the float is bleed bad today,
demo testing latest FBs.
bac0n, it's all a matter of perspective.

When I reported results this morning, I was in profit. I play the front nine, have lunch, come back this afternoon and at 3:30 pm edt, FireBird's showing a loss of $140.80.

The Good News
It's all a matter of perspective because that includes two setbacks for
-$795.86 and -$281.49. So despite approx $1,077.35 in negative trades, FB is only showing a net loss of $140.80. I would say FB weathered the trends quite well.
  • #1,333
  • Oct 19, 2006 3:51pm Oct 19, 2006 3:51pm
Quoting accrete
My FBv2 test has brought in $1003 closed trades and opened up two trades during this session's trading that are now showing -$417, time will tell if those two are bad calls by FB as it appears on both CHF and EUR they are breaking out of former recent S/R.

MM, thx for the clarification on the AND not OR thingy, was wondering that myself but hadn't looked in the code yet. One thing i'm wondering. I may or may not end up trading FB on Fridays, but lets say the two above trades that (for simplicity) were opened at GMT 00:00 on Thursday, does this mean that 72 (default) clock hours later, if one or both of these trades have exceeded the preset $$ they will close Monday?? (00:01 / 72:01hrs later). Basicaly the Q is are weekend hours included in the close function. . . OR are these "Market" hours??

Cheers,
Thom
Thom,
Yes, weekend hours are included.

The CloseLoosingTrades works on Server time. In your example above: I use IBFX and server time is GMT-4. Order opened Thursday 00:00 GMT = 20:00 my server time. CloseHour=72, LossLevel=100. if OrderProfit() is below $ -100, then, if PC is running, order should close Sunday after 20:00 server time.

Wackena
  • #1,334
  • Edited 6:40pm Oct 19, 2006 6:04pm | Edited 6:40pm
Quoting MoneyMa$ter
bac0n, it's all a matter of perspective.
Agree MM, what really matters is Long-term results. :
  • #1,335
  • Oct 19, 2006 7:06pm Oct 19, 2006 7:06pm
When running FB, what would you consider an acceptable float? My current float went from about 12% to about 30% of my ballance today when a few of my pairs went trending. Which wasn't cool, but on the bright side, the open trades I was carring since 10/6 finally closed out. Oldest trade I have now is from 10/12, about 7 of those, then it jumps to 10/18 for a few, then the rest were opened today, about 16 of them when the markets took off. I think FB still has a tendency to want to be a bad bird and follow trends if you don't watch it. It looks like it will be another week or two before it digs itself out of this one... Again!

I may be missing a setting somewhere, but how can I stop FB from following the trend once it gets in it? Currently using v2.0 and v63H03.

Thanks
Rusty
  • #1,336
  • Oct 19, 2006 7:36pm Oct 19, 2006 7:36pm
Quoting rusty105
When running FB, what would you consider an acceptable float? My current float went from about 12% to about 30% of my ballance today when a few of my pairs went trending. Which wasn't cool, but on the bright side, the open trades I was carring since 10/6 finally closed out. Oldest trade I have now is from 10/12, about 7 of those, then it jumps to 10/18 for a few, then the rest were opened today, about 16 of them when the markets took off. I think FB still has a tendency to want to be a bad bird and follow trends if you don't watch it. It looks like it will be another week or two before it digs itself out of this one... Again!

I may be missing a setting somewhere, but how can I stop FB from following the trend once it gets in it? Currently using v2.0 and v63H03.

Thanks
Rusty

hmm, many of your are afraid of Float. i was once like that, cant bare my eyes to see -1500pips floating, i wished i could do something to keep myself safe in the game.

soon, i come to realise that, -1500 pips is not looking good but could be interesting once the trend reverse. That's the point of firebird. trading reversal! When there is profits, there's risk.

Even the creator of these EA is working on the high float issue. Well, to me it's nothing bad as long as the trades holds on. It's not the deep floats that's killling u, it's yourself, your patiency towards your tradings.

let me tell u how bad i gone through, i'm trading 0.02 lot, GBPUSD & USDJPY at 0.01 lot. Since last thursday it's not making pips. Float is around -$18, highest -$25, the 'exccessive loss alert' (i didnt change piploss setting) is killing me. You know how bad it is when someone keeps telling u every 2 second : 'u're losing, u're losing, u're losing....' I woke up every day at 8am wished to see some miracles (i go to bed at 3am)

19th Oct where history are made, half of the open positions are closed all winning!, float is back to -$11, I'm so glad that i finally made it. Thank God! what a grateful day.


Chad

Life goes on
  • #1,337
  • Oct 19, 2006 7:38pm Oct 19, 2006 7:38pm
Quoting MoneyMa$ter
I, like Paul (aka Saul), boast in the Lord...
Have lived the last 24 years of my life by those words (and the rest of the Good Book). Though i fall short daily, somehow He keeps picking me up and setting me back on the righ path. For me God is in, and part of everything i do, work or play. A really great read is the a book written long ago by a Monk called Practicing The Presence. He lived his life washing dishes and doing chores in a monestary and was one of the happiest guys on God's earth!

Cheers,
Thom
PS Wakena, thank you for your reply in post 1335 on the server time closing trades !
  • #1,338
  • Oct 19, 2006 9:46pm Oct 19, 2006 9:46pm
Quoting chad
hmm, many of your are afraid of Float. i was once like that, cant bare my eyes to see -1500pips floating, i wished i could do something to keep myself safe in the game.

soon, i come to realise that, -1500 pips is not looking good but could be interesting once the trend reverse. That's the point of firebird. trading reversal! When there is profits, there's risk.

....

i'm trading 0.02 lot, GBPUSD & USDJPY at 0.01 lot. Since last thursday it's not making pips. Float is around -$18, highest -$25,
Chad

Life goes on
Thanks Chad,

You've brought into sharp relief two of the several major philosophical points of Firebird as set forth below:

(1) For those of you trading micros on FB, -1,500 pips should be something you can patiently wait out for days like Chad successfully did; SL 300 is easy.

But

(2) For those of you interested in trading standard lots, -1,500 pips can approximate $15,000 (for just 1 lot, forgetting multiple currencies and forgetting about margin requirements for now). For some, that's a lotta cheddar, jack. So SL is reduced to perhaps 100 (or less), with the 36 hour plus 65-pips-down-cut-your-losses option (although that didn't help today because the trends moved 100 pips in less than 24 hours; gotta stop that unabated run to SL somehow).

Both approaches are legitimate trading strategies, investments requiring not only your time and money but also your emotional energy.

Always understanding there's a degree of risk as my friend TraderOne pointed out, always accepting responsibility for the risk you incur for the hopefully commensurate, profit, the question simply boils down to: "How much (pressure, stress, nail-biting, stomach-churning, gut-wrenching, teeth-clenching, sleepless nights, worrying, grayhair,) for YOU is too much?"

Remember, when the pressure comes, it will squeeze out whatever's deep inside of you.

Just information; not a recommendation.
  • #1,339
  • Oct 20, 2006 2:37am Oct 20, 2006 2:37am
Quote
I, like Paul (aka Saul), boast in the Lord. For it's in Him the I live, that I move, that I have my being. Without Him I can do nothing and with Him all things are possible to me. That's Word; that's the definition of humility. I'm submitted to His way, not mine.

And to those who say God should be kept out of forex, as far as I know emblazoned on the "almighty" dollar we find the words "In God We Trust"... but everyone else pays cash!!!
Just thought I would repost this. Couldn't have said it better. Thank the Lord for any talent you have, and remember: It's our shortcomings which often bring us closer to The Lord.
"Its not where your at, but where your coming from"
  • #1,340
  • Oct 20, 2006 2:40am Oct 20, 2006 2:40am
well, ive been working on a modification of firebird along with the help of my master Satan. He inspires me to have more greed and look for as many pips as possible. One sure fact, when i go to the altar tonight to praise my lord of darkness i'll have some great tales to tell.

Over 713 pips over the last 12 hours with my new 'devilfire' expert. come on Beelzibub, sock it to me and keep all those false prophets in the knife stabbing room!
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