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  • #1,501
  • Nov 11, 2006 1:25am Nov 11, 2006 1:25am
1trader2: would you be kind enough to post your modified v63H04-TSMM with the closeopen orders after 120 hours routine?
TRADE FOR SWAP
  • #1,502
  • Nov 11, 2006 8:41am Nov 11, 2006 8:41am
Quoting cgldsmth
1trader2: would you be kind enough to post your modified v63H04-TSMM with the closeopen orders after 120 hours routine?
CGLDSMTH,

I'd be glad to post the modified EA and my present setup as well as first week's statement. It will probably not be until Monday sometime...week-end work schedule beckons...

1Trader2
  • #1,503
  • Nov 11, 2006 1:17pm Nov 11, 2006 1:17pm
Hi MoneyMa$ter,

Like your trading style by not being greedy.

I want to try FB 2 on a demo account to trade on $400 play money. The demo account is $500, but want to tweak the settings were $400 is the capital

I am currently using FB 1.0a in a real account on three pairs with limited results.

What would be the ideal currency pairs and settings for $400.00?

thanks.


Quoting MoneyMa$ter
Glenn,

Thanks for taking the time to give some thought to my setup. Let me say I agree with you....I'm just taking a conservative approach as described below.

TS 10 can take me out at every little retracement and sometimes it prevents moving to the full TP, but it also produces a profit (albeit small at 7-8 pips). I believe pigs get fat...hogs get slaughtered. My little piggy approach is conservative and though the trade closes, it closes at a profit. FireBird can open another trade for that pair at the appropriate time.

During demo testing I had set TP at 18 (not a Fib number). Why? Because I noticed currencies seemed to often move to 18 pips profit, then reversed considerably to the down side creating a terribly high negative float. That's cool for demo testing and mini accounts but remember I'm trading standard lots live. So it made sense to me to take the smaller profit, close the trade and live to fight another day with a new trade. If anything, I may revert to TP 18.

As to the SL 150, that was increased from 55 I think it was, because 55 was too close, came too quick and didn't allow room to breathe. That's getting stopped out at $550. I'm definitely not going to SL 300 for standard lots!

Also, if a trade is losing 80 or more pips for 36 hours, FireBird will liquidate the position. I don't know if anyone else tested or traded standard lots so I was seeking a number acceptable to me and for now its SL 150. Could reduce it to the 100-125 range. Mathematically, there's a SL for standard lots that's the equivalent of SL300 successfully used for mini/micro trading and it seems to be in the 85-150 range. But it's really not a factor, unless the market enters a trend in which case I would manually halt trading.

The risk/reward ratio bothers me not. I don't know how to spell "risk averse"! I'm either: (a) taking profit at 20 or (b) the trailing stop kicks in for the smaller profit. So I'm in and out at profit, maybe not for 50 pips but it's steady and consistent. This week I made 136 pips trading basically something less than three days? Doesn't pay for AvGas or JP-3 but I can live with those 136 pips. Remember...pigs get fat...hogs get slaughtered! I will continue tweaking the setup. Further, when I'm more comfortable, I can then increase the program to multiple lots with its higher margin requirements, higher negative float and most importantly the corresponding profit increase!
  • #1,504
  • Nov 12, 2006 6:39pm Nov 12, 2006 6:39pm
Quoting sinclap
Hi MoneyMa$ter,

I want to try FB 2 on a demo account to trade on $400 play money. The demo account is $500, but want to tweak the settings were $400 is the capital

What would be the ideal currency pairs and settings for $400.00?

thanks.
sinclap,

I don't know that there's any such thing as "the ideal currency pairs". See my post #1198 on page 80 for currency pairs I was demo trading at that time. You can also review my trading report attached to my post #1476 on page 99.

In this thread several traders (including glenn5t's post#1378 on page 98, wackena's post #1277 on page 86), have posted settings for accounts in the vicinity of $400. I opened my FB account as a mini but because my experience is in standard lots, I quickly opened a standard account. Margin requirements are $1,000 per lot on my accounts, so I'm probably not the guy to answer your question. Read ths thread and you'll find several examples of settings posted by traders similarly situated to your trading style.
  • #1,505
  • Nov 12, 2006 8:39pm Nov 12, 2006 8:39pm
Money master,
Would you please post your 5 min trading chart. My chart only shows 2 lines however FB has 5 colors on the indicator. I would like to follow the trade.
thank you for your kind help.
  • #1,506
  • Edited 9:22am Nov 13, 2006 9:11am | Edited 9:22am
Wakena, skyline, MM, I'd like your opinions before I go ahead and program a TRAILING ENTRY into 63G TS. The idea is that birdy would set its original place for entry, start a trailing count from there, if price continues rising, it doesnt place an order, it doesnt place the order until price has stopped rising and retraced, a buffer of 5-8pips should work sufficiently from what i have seen so far. I hope I have gotten the idea across, the other good thing is that with divergence protection on, if price continued on its way up, divergence would stop a potential order in a trend onset.

1, Would this be a good idea in general?
2, What version of birdy would be suitable as a base?
3, Would you agree with the 5-8pip buffer?

Regards,
Sean.

Lets give this birdy wingspan.
  • #1,507
  • Nov 13, 2006 11:45am Nov 13, 2006 11:45am
Hi MoneyMa$ter,

I looked through the FB resource page and found no reference page to FB2. Looking for the FB2 reference notes, but to no avail.

My question is, what is the difference/philosophy of FB2 over all the other versions? If you can link a page, that would be great. Also, I have seen no indications of currency pairs that FB2 does not like.

BTW: Are you looking at Phoenix?

Thanks.

Quoting MoneyMa$ter
sinclap,

I don't know that there's any such thing as "the ideal currency pairs". See my post #1198 on page 80 for currency pairs I was demo trading at that time. You can also review my trading report attached to my post #1476 on page 99.

In this thread several traders (including glenn5t's post#1378 on page 98, wackena's post #1277 on page 86), have posted settings for accounts in the vicinity of $400. I opened my FB account as a mini but because my experience is in standard lots, I quickly opened a standard account. Margin requirements are $1,000 per lot on my accounts, so I'm probably not the guy to answer your question. Read ths thread and you'll find several examples of settings posted by traders similarly situated to your trading style.
  • #1,508
  • Nov 13, 2006 2:17pm Nov 13, 2006 2:17pm
Anybody know why FB doesn't average the opening price for a new Take Profit level, like it says it should in the manual. There is code in place for this to happen, but it seems it has either been commented out or the function isn't called???

Rusty
  • #1,509
  • Nov 13, 2006 2:59pm Nov 13, 2006 2:59pm
Quoting sinclap
Hi MoneyMa$ter,

I looked through the FB resource page and found no reference page to FB2. Looking for the FB2 reference notes, but to no avail.

My question is, what is the difference/philosophy of FB2 over all the other versions? If you can link a page, that would be great. Also, I have seen no indications of currency pairs that FB2 does not like.

BTW: Are you looking at Phoenix?

Thanks.
Link to my posting of FB2.

http://www.forexfactory.com/forexfor...postcount=1277

Wackena
  • #1,510
  • Nov 13, 2006 3:43pm Nov 13, 2006 3:43pm
Quoting rusty105
Anybody know why FB doesn't average the opening price for a new Take Profit level, like it says it should in the manual. There is code in place for this to happen, but it seems it has either been commented out or the function isn't called???

Rusty

The function is called, but does nothing for the TP because FB passes the "false" to the function as
ChangeOpenOrders(false, myTotal, AveragePrice);

As a result, it does not modify the TP. I have done a test to pass the "true", all positions can be modified for their TP to the same level. Good or not? When the TP is hit, all positions will be closed. Mostly, it needs to wait long time, sometimes, it just misses some good chance.

Thanks!
  • #1,511
  • Nov 13, 2006 8:24pm Nov 13, 2006 8:24pm
Quoting sinclap
Hi MoneyMa$ter,

I looked through the FB resource page and found no reference page to FB2. Looking for the FB2 reference notes, but to no avail.

My question is, what is the difference/philosophy of FB2 over all the other versions? If you can link a page, that would be great. Also, I have seen no indications of currency pairs that FB2 does not like.

BTW: Are you looking at Phoenix?

Thanks.
All the more reason to read this thread so you can gain an independent understanding as to how FireBird works, in all its versions.

Look again becasue Accrete has done an excellent job in summarizing each version, and clearly v.2 is discussed:
http://www.accrete.com/fx-mirror/mt4...a-archives.htm

Also wackena explained how v.2 works in his post that I provided you and the link he provided you. When you compare that with the detailed evolution of FireBird set forth in this thread, the original thread and Accrete's summary, you will have all there is to know about the philosophical and operational differences of each version. An investment of time and effort is required on your part.

No, I haven't considered phoenix. If I did, I would read the entire thread in order to gain personal understanding for conversational and operational purposes, then demo test it, tweak if necessary, then go live if I thought it had merit, based on my research.






http://www.accrete.com/fx-mirror/mt4...a-archives.htm
  • #1,512
  • Edited 8:55pm Nov 13, 2006 8:36pm | Edited 8:55pm
FireBird begins its second week "live" on standard lots.

As of this writing three winning trades closed for 35 pips profit, no losses, beginning with the Sunday opening. Going back to last week, that's 16 consecutive wins for 171 pips.

Of course a good newstrader can get 170 pips in one day trading something like the NFP, while cable traders can derive 120+ pips in a 24 hour period on cable's daily price movment, and techies can get hundreds of pips, albeit in typically a longer time frame. These various strategies, alone or in concert, provide the serious trader a formidable arsenal of trading tools.
  • #1,513
  • Nov 13, 2006 9:46pm Nov 13, 2006 9:46pm
Quoting cgldsmth
1trader2: would you be kind enough to post your modified v63H04-TSMM with the closeopen orders after 120 hours routine?
Cgldsmth:

Here is the EA programmed with features as described + my present settings (TP, TS, SL, as per Ver 2c...Mono's settings from 1st post + statement from first 5 days. Also see previous post.

Also EA needs to run longer to see how it handles the closing of trades after 5 days (120 hours) and how it does in trends.

1Trader2
Attached File(s)
File Type: zip FB63H04TS_MM.zip   16 KB | 584 downloads
  • #1,514
  • Nov 13, 2006 10:18pm Nov 13, 2006 10:18pm
thanks very much



Quoting 1trader2
Cgldsmth:

Here is the EA programmed with features as described + my present settings (TP, TS, SL, as per Ver 2c...Mono's settings from 1st post + statement from first 5 days. Also see previous post.

Also EA needs to run longer to see how it handles the closing of trades after 5 days (120 hours) and how it does in trends.

1Trader2
  • #1,515
  • Nov 14, 2006 12:29am Nov 14, 2006 12:29am
Quoting MoneyMa$ter
...Look again becasue Accrete has done an excellent job in summarizing each version, and clearly v.2 is discussed:
http://www.accrete.com/fx-mirror/mt4...a-archives.htm
...
Thanks for the kudos MM. And here is an open invitation to anyone realizing that i need to include other FB links/items at the page. I would greatly appreciate a PM or email if something needs to be tweaked. It is difficult for me to keep up on some of the changes and i've gifted space to other trading models found here at the factory so your eyes and ears are appreciated !

Cheers,
Thom
  • #1,516
  • Nov 14, 2006 12:39am Nov 14, 2006 12:39am
Hi Skyline: (that's the name of the high school my son goes to here in Sammamish, WA)

Thanks for sharing your results. What settings, pairs and timeframes were used to derive these results? This was based on forward testing on a demo account, correct? Have you tried backtesting over the same forward-tested period to see if FB backtests properly? Lastly, do you know what your max negative float has been?

I've been looking through the thread to find what settings you use but I haven't found it yet. Would sure appreciate knowing that important bit of information.

Thanks!

Bill

Quoting skyline
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 !
  • #1,517
  • Nov 14, 2006 1:07am Nov 14, 2006 1:07am
Thanks for the recap. And, to be clear, exactly which pairs are traded in this setup? I saw mention of cable and swissy, but, just want to make sure I understand exactly which pairs are recommended with this setup.

Thanks!

Bill

Quoting traderlismiss
Thanks for your reply glenn5t. So if I understand your setup correctly, you are running v63g-TS. You are running with 5min charts and 15min timeframe, 40 pip TP, 300 pip SL and you are using a 40 pipstep.

Your results are great and it is nice of you to share. I am going to use the same setup to forward test and see what results I get.

Thanks
  • #1,518
  • Nov 14, 2006 1:25am Nov 14, 2006 1:25am
Looking through the thread I've found post #1399 from glenn5t with a statement showing just the 4 majors. So, looks like that's the answer.

Quoting billworld
Thanks for the recap. And, to be clear, exactly which pairs are traded in this setup? I saw mention of cable and swissy, but, just want to make sure I understand exactly which pairs are recommended with this setup.

Thanks!

Bill
  • #1,519
  • Nov 14, 2006 1:36am Nov 14, 2006 1:36am
Nevermind. Found skyline's settings mentioned in post #1385.

Bill

P.S. I find it helpful in these threads to always include settings (including timeframes, pairs, broker used, live/demo, etc.) whenever posting results. That way all relevant info is contained in a single meaningful post.


Quoting billworld
Hi Skyline: (that's the name of the high school my son goes to here in Sammamish, WA)

Thanks for sharing your results. What settings, pairs and timeframes were used to derive these results? This was based on forward testing on a demo account, correct? Have you tried backtesting over the same forward-tested period to see if FB backtests properly? Lastly, do you know what your max negative float has been?

I've been looking through the thread to find what settings you use but I haven't found it yet. Would sure appreciate knowing that important bit of information.

Thanks!

Bill
  • #1,520
  • Nov 14, 2006 1:37am Nov 14, 2006 1:37am
Hi skyline:

Crown Forex is one that I'm aware of. Hope that helps.

Bill

Quoting skyline
Is there brokers that don't charge for swap ?
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