Firebird EA - fixed version -

Thom

Of course being the outstanding tester that I am, I let my losing trades continue and did not turn the feature to false but left it on. And since I did the opposite of you, I had the opposite result.

My two huge losers continued from Friday into Monday. Of note is that both trades continued to the SL 100 point. For example, FB opened USD/CHF short at the price of 1.2568 on 10/20 at 03:31; closed at 1.2668 on 10/23 at 10:00 (-$789.39). I admit the failure to close may be due to my code; I cut and pasted wackena's code to close losing trades into the v63h[04]TS version of FB (obviously it didn't close within 36 hours over the weekend).

Iam running firebird V63G-TS live now for a month and Iam very pleased with the results...

I manage the account daily so Iam able to watch and make sure its not running away with a -float...So far its run very well and its making a nice profit.

As i'm not one for placing much value in the backtesting i didn't bother with backtesting. This was one of those no brainer calls on my part when i saw the weekend coming up and didn't want the clock to keep ticking without the EA to have it's full time alotment to do it's magic. Though i can feel MM's pain on what took place in his demo account (i hope it was demo MM !!), i am glad that there was someone keeping track of similar trades that could report such findings. This shows us that a bit of Human Heart in the Mind of the Machine is a good thing !

Cheers,
Thom

Good work glenn. I think daily monitoring is the way to go, particularly if you're trading full lots.

Thom:

Yeah, it was a demo account. Because of CoesFX-SpotTrader problem, I closed that MT4 account, otherwise it would have been live!! Sometimes it's better to be blessed than to be good!!

Glenn, would you mind sharing your settings and pairs for your live account.

I'm afraid I've lost about 25% of my live account in the last 6 weeks. V1.0a.

Thanks for any advice.

That's good to hear MM on the demo vs live. A funny note your ending comment triggered; a pastor buddy of mine once told me the enemy of the "Right" is "Good". I think you are saying the same thing : )

Cheers,
Thom
PS. LOL. just noticed this marks my 800th post here at the Factory. Still have a gazillion to catch up the the "masters", but since Merlin stopped paying us per-word for posting to get him on the top of google some of us have slowed down. grin.

More than $3,700 in losses due to the trends on Friday.

Between Friday and today, demo account reduced by -$2,996.37. Pretty much eliminates the gain from early last week. Hopefully things are returning to normal as float is only -$936.19.

It's noteworthy that some of that loss was due to me deciding to change EAs, using the H[04]TS version where I attempted to code the "closelosingtrades" feature, with obviously none too great a success! But I will try again....

So I'm returning to v2 with all the bells and whistles expertly programmed by wackena.

though i'm not using the time function for my losing trades i do keep tabs on them in respect to length in the market and -float. i was actually about a to close a few week+ old trades that had where way down, but luckily for me, like with accrete, they straightened themselves out sundaynight/monday morning due to that trending market in the wee hours. imagine that, trending actually helped firebird, haha.

and this is just a reminder to everyone to keep an eye on thier trades this week with the FOMC interest rate statement Weds afternoon (though its forcast to stay the same), aswell as the GDP release on friday.

i may actually just ride the market a little bit more, as i'm up on equity compared to last week, then get out before all the news. we'll see.

take care fellow firebirders.

Mmmmmm......

Maybe I'll try SL 300 on the standard lost test just to see if it will reverse and return to profit, although it doesn't seem like something I'd do "live".

That's why it's called "testing".....just try it and see.

i don't think you need to go for the full 300 SL. You're at what 100 now? Myself I use a variation of SL between 125 - 200 depending on the pair. 300 is too much for me. Even it it is just testing, heh.

Hi MM, this happened to me the first week in September after a couple weeks of nearly doubling my demo account. Then, in one trending week, all the gains were taken out and the account went down over 50%...all in less than four trading days! My FBv2 is doing ok, up just over 16% from last week's open to today with -3% float. 63H04 and TS are at break even closed trades and ~ -3% float each for same period.

: ) Thom

told you it bites you didn't I

took no notice as usual.

Listen, firebird is like a drug, it hooks you and makes you think that spectacular gains are possible - they arent - it's just an illusion as firebird teaches you every couple of months.

Give it up and learn to trade properley

hello evertbody,

i am testng FB_V_1.0C on EURUSD 1 MINUTS for two weeks now, and the result are very good. FB make about 25 trades and no one loss!
but i am a little confused, what is the lates virsion? is it v2.0?
or there is couple of virsions?

thank you very much

bigili,

Good work. Good results.
See post #1277 by wackena in this thread for v2.

Where can we find your thread that teaches how to trade "properley"? thanks.

Demo Firebird v0.63G
--------------------
August performance : +2026 pips
September performance : +1740 pips
October performance : +990 pips

Total Pips gained : 4756
Tot Pips lost : 600
Total Profit Pips : 4156
Total winning trades : 159
Total losing trades : 2
Win/Loss % : 98.75%
Max Drawdown : 1453$ (14.53% of capital 10000$)

I think Firebird IS a proper method !

For myself, my enjoyment of EA testing continues. I trade manually as most do in the thread on a regular basis. Testing these various EAs has added to my trading knowledge greatly. And hey, my EA testing still produces on average about 22-25% net profits per month. Sounds "proper" to me.

: ) Thom

hello again...


Tradezone...my settings are as follows
xtern int MA_length = 10;
extern int MA_timeframe = 15; // hdb did I add this ? lol
extern int MAtype = 0; //0=close, 1=HL
extern double Percent = 0.1;
extern int TradeOnFriday = 1; // >0 trades on friday
extern int slip = 100; //exits only
extern bool UseMM = 0; // Money Management - 1 = true & 0 = false
extern double Risk = 2.0; // percent of account equity to risk per trade
extern double Lots = 0.25; // modified by Renato
extern int TakeProfit = 40;
extern int Stoploss = 300; // total loss on all open positions in pips // modified by Renato
extern double TrailingStop = 30;

// 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=0;

extern int DVLimit = 10; // included by Renato
extern int PipsGoal = 500; // included by Renato
extern int PipsLoss = 500; // included by Renato
color clOpenBuy = DodgerBlue; // included by Renato
color clModiBuy = DodgerBlue; // included by Renato
color clCloseBuy = DodgerBlue; // included by Renato
color clOpenSell = Red; // included by Renato
color clModiSell = Red; // included by Renato
color clCloseSell = Red; // included by Renato
color clDelete = White; // included by Renato
string Name_Expert = "Firebird v63D"; // included by Renato
string NameFileSound = "expert.wav"; // included by Renato
int MODE_DIV=0; // included by Renato
int MODE_SLOPE=1; // included by Renato
int MODE_ACEL=2; // included by Renato
//extern int GMT = 2; // InterbankFX // included by Renato
extern int GMT = 0; // InterbankFX // included by Renato Changed back to 0 by MrPip
extern int DST = 0; // 0=Standard 1=Daylight Saving // included by Renato
extern int OpeningHour = 0; // included by Renato
extern int ClosingHour = 24; // included by Renato
extern int writelog = 0;

// MrPip adds
int MagicNumber; // Made a global variable to aid in modularizing expert code
int Direction; //1=long, 11=avoid long, 2=short, 22=avoid short
double LastPrice;
double PriceTarget;
double AveragePrice;

int init() {
LogWrite(Symbol()+",M"+Period());

hope this helps.

I started running the ea on a live account after testing it on a demo. I started live on the 2nd October with $275.00 and it now showing a balance of $526.00...

I find it works best with USD based pairs. and i only run three pair at this time......so it has less chance of running out of control...

I hope this helps you...

Awesome results!!

Let me add that FB did return to the winning way grabbing 68 pips, valued around +$540.00.

Winners tweak....we tinker....we adapt....yes winners overcome. But we never giveup and we certainly never, ever quit. Surrender??? NUTS!!!

yes iam pleased with the results so far...I must add that i have been trading for around five years and also trade manualy as most people in here do.

Thats maybe why i am taking the ea slowly few pairs and low lot sizes, from what Ive seen a lot of people look at forex as the big money spinner and try to make millions in there first few weeks...needless to say they all lose there money.

they treat a ea the same..thinking that they can set it up and come back in a month and theres a million in there bank account.

then when they see its not like that they blame the software or indicator..

Education is the key as well as money management.

If i can help anyone with the little I know please feel free to ask...