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Firebird EA - fixed version -

  • #1,521
  • Nov 14, 2006 2:04am Nov 14, 2006 2:04am
1Trader2 - many thanks. I'll start forward testing it today.

Here's my last 3 weeks since starting vb2 (hedge) live with IBFX mini. I've moving to a massive stoploss and lower lot size, along with pipstep 35 to protect from becoming massively one-sided during trends. At least when the trend develops the hedge version makes money on the way!

Also M5.
Attached File(s)
File Type: zip DetailedStatement.zip   5 KB | 513 downloads
TRADE FOR SWAP
  • #1,522
  • Edited 7:51am Nov 14, 2006 7:34am | Edited 7:51am
http://ss.gamers4jesus.com/Report2.htm


Here is some resultls from my firebird demo for November. It has good profit and a small float. This setup is with Glenn5t settings. Thanks Glenn.

BTW- Notice this account was built with 10 and 50 cent trades.
  • #1,523
  • Nov 14, 2006 9:47am Nov 14, 2006 9:47am
Quoting traderlismiss
http://ss.gamers4jesus.com/Report2.htm

Here is some resultls from my firebird demo for November. It has good profit and a small float. This setup is with Glenn5t settings. Thanks Glenn.
Good work Melissa!!
  • #1,524
  • Edited 11:59am Nov 14, 2006 10:34am | Edited 11:59am
+84 pips booked thus far today....
add another 15 pips to that.... (12:58 est)
  • #1,525
  • Nov 14, 2006 12:08pm Nov 14, 2006 12:08pm
142 pips for today so far, thank to SKYLINE and others..
COULD SOMEONE POST A CHART FOR THIS SYSYEM PLEASE?
I WOULD LIKE TO FOLLOW and STUDY THE TRADE.
THANKS
  • #1,526
  • Nov 14, 2006 12:11pm Nov 14, 2006 12:11pm
Great results Melissa . iam glad I could help....


My results for this week so far...+259 pips.

My three pairs are now GBP/USD....EUR/USD and AUS/USD...

The GBP and AUS are returning very good results...


Running V2 on demo will post up to date results at weekend...


Well done moneymaster...( with a name like that you have to be good) lol

Glenn

God bless
  • #1,527
  • Nov 14, 2006 12:17pm Nov 14, 2006 12:17pm
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
Forgot to mention that I run this on the 5 minute chart!

1 Trader2
  • #1,528
  • Nov 14, 2006 12:33pm Nov 14, 2006 12:33pm
Hi Glenn:

Thanks for sharing. I've been reading through the thread trying to assimilate what is the ideal setup. And, you've provided some very informative posts. However, forgive me, but, I'm seeing lots of changes with respect to your recommended setup. For example, you had posted a statement and indicated that you trade the 4 majors, then mentioned USD is going well and you just trade 3 USD-based pairs, then mentioned USDCHF is going well and now I see swissy is no longer recommended.

I'm beginning to worry that the ideal setup is such a moving target that at any moment one could claim its working great or its not working at all.

I'm not looking for any handouts, just want to learn from the collective experience so that I can get a positive start. Then, I'll be in a much better position to adapt settings and contribute toward a greater collective understanding.

So, my real question is, on what basis do you add/drop pairs? How often do you go about changing your setup? Do you perform backtests to derive at conclusions to change the setup, or, are decisions based just on forward-testing?

Thanks much for sharing. And, pardon if it looks like I'm singleing you out. Well, actually I have been because my first goal is to emulate the nice success you've been attaining!

Cheers

Bill



Quoting glenn5t
Great results Melissa . iam glad I could help....


My results for this week so far...+259 pips.

My three pairs are now GBP/USD....EUR/USD and AUS/USD...

The GBP and AUS are returning very good results...


Running V2 on demo will post up to date results at weekend...


Well done moneymaster...( with a name like that you have to be good) lol

Glenn

God bless
  • #1,529
  • Nov 14, 2006 12:40pm Nov 14, 2006 12:40pm
Excellent. Thanks Melissa. To be clear, you're using Glenn's settings as posted in forum post #1378 on M5 timeframe but with the following pairs (taken from your statement): GBPUSD, USDCHF, USDCAD, EURUSD, AUDUSD, USDJPY.

Is this correct?

Do you know what the max negative float has been so far while running all 6 pairs?

Thanks a bunch!

Bill


Quoting traderlismiss
http://ss.gamers4jesus.com/Report2.htm


Here is some resultls from my firebird demo for November. It has good profit and a small float. This setup is with Glenn5t settings. Thanks Glenn.

BTW- Notice this account was built with 10 and 50 cent trades.
  • #1,530
  • Nov 14, 2006 12:49pm Nov 14, 2006 12:49pm
Hi clgdsmth:

What settings, timeframe and pairs were used to generate these results?

Thanks

Bill

Quoting cgldsmth
1Trader2 - many thanks. I'll start forward testing it today.

Here's my last 3 weeks since starting vb2 (hedge) live with IBFX mini. I've moving to a massive stoploss and lower lot size, along with pipstep 35 to protect from becoming massively one-sided during trends. At least when the trend develops the hedge version makes money on the way!

Also M5.
  • #1,531
  • Nov 14, 2006 12:52pm Nov 14, 2006 12:52pm
Quoting fxpig
142 pips for today so far, thank to SKYLINE and others..
COULD SOMEONE POST A CHART FOR THIS SYSYEM PLEASE?
I WOULD LIKE TO FOLLOW and STUDY THE TRADE.
THANKS
See attached 5M chart for EurAud. Is that what you're looking for?
Attached File(s)
File Type: doc EurAud M5 FireBird V2 Nov 14 2006.doc   97 KB | 536 downloads
  • #1,532
  • Nov 14, 2006 1:00pm Nov 14, 2006 1:00pm
HI MoneyMa$ter,
Could you kind to post the indicator files with template for me to attach to my trading station?
many thanks,

Quoting MoneyMa$ter
See attached 5M chart for EurAud. Is that what you're looking for?
  • #1,533
  • Nov 14, 2006 1:01pm Nov 14, 2006 1:01pm
In the statements I see NZDUSD, USDCHF, GBPUSD, USDCAD used. Are those 4 the only ones used to generate the results you posted? And, I see your note about running on M5.

Thanks

Bill

Quoting billworld
Hi clgdsmth:

What settings, timeframe and pairs were used to generate these results?

Thanks

Bill
  • #1,534
  • Nov 14, 2006 1:28pm Nov 14, 2006 1:28pm
Quoting fxpig
HI MoneyMa$ter,
Could you kind to post the indicator files with template for me to attach to my trading station?
many thanks,
pig,

FireBird produces those signals when it trades; that is not a separate indicator. Below the main trading window, you see a MACD indicator.

Try adding the indicator attached below which provides the band FireBird uses for trading. This is an indicator not an expert, so save appropriately.
Attached File(s)
File Type: mq4 Firebird Band Indicator.mq4   3 KB | 486 downloads
  • #1,535
  • Nov 14, 2006 1:34pm Nov 14, 2006 1:34pm
Quoting glenn5t
Well done moneymaster...( with a name like that you have to be good) lol

Glenn

God bless
Thanks Glenn.

"It's when money no longer masters Man that Man masters money!"
  • #1,536
  • Nov 14, 2006 1:48pm Nov 14, 2006 1:48pm
billworld

my setting are based on a slow growth, thats why my pipstep is set in the range 35-40.....

yes my settings and pairs have been changing, I run several pairs on a demo account at the same time with the same settings as my live account therefore i am able to review at the end of a week/month the returns per pair.

based on that information I change the pair mix the next week on my live account. however at the moment I belive I have the ideal three pairs and I have no intention of changing them.

I only run three pair because of the possible negative float ( mine has been max at $657.00).

In the early stages back testing was done mainly with the view to find ideal time frames.
I prefer to forward test and run it on a demo has I believe backtesting will only tell you so much...and you cant beat live/demo trading.

Because I now feel very comfortable with my setup any changes from now on will only be minor...fine tuning....to gain maximum returns per pair.
  • #1,537
  • Nov 14, 2006 1:51pm Nov 14, 2006 1:51pm
Quoting billworld
Hi clgdsmth:

What settings, timeframe and pairs were used to generate these results?

Thanks

Bill
TF M5, TP25, SL300, PS35, MA15, percent 0.1.
USDCHF, GBPUSD, USDCAD

the NZDUSD trade was a one-off.

cable is raking in the most profit by far at the moment.
TRADE FOR SWAP
  • #1,538
  • Nov 14, 2006 2:50pm Nov 14, 2006 2:50pm
cgldsmth

try AUD/USD Iam having the same results as the GBP/USD..

The two are the most prolific.
  • #1,539
  • Nov 14, 2006 3:44pm Nov 14, 2006 3:44pm
Just my 2 cents. I have 2 firebird demo accounts and both are doing very well. I posted the results from one earlier today and we'll say that is my 1st account. My second account has been running for a few more days and has Skyline's settings of 30-300-30. This account while generating a bit more profit has a much higher float. With glenn5t's settings I have about a 10% of profit float, while the skyline settings have about a 30% of profit float. Bottom line is, neither account has had a single loss. Both accounts have a good profit. So i guess my point is, if you are not worried about the margin you could use skyline's settings and have just a bit more profit. If however like most of us you are concerned about the float, I suggest glenn5t's settings. With the small float that I have in account 1, I am thinking about trading an additional pair. Not endorcing anything, just my 2 cents.


Thanks
  • #1,540
  • Nov 14, 2006 3:47pm Nov 14, 2006 3:47pm
I agree Melissa its very much a personal thing how much stress you can take...


What extra pair are you looking at I maybe able to help...Ive tried a few.
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