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  • #1,641
  • Nov 17, 2006 2:59pm Nov 17, 2006 2:59pm
[quote=glenn5t]Another week comes to a end


Firstly thankyou for the kind words. Melissa and dswk...Iam glad I can help.

pipsteve.....my live account is with IBFX..I have a demo with NF..but you must realise that NF use different servers and the one they use for live accounts is more reliable.

for the new people once again: my settings are.....TP 50...TS 20...Pipstop 37...5min charts on a 15 TF.
Three pairs GBP/USD.EUR/USD and AUD/USD...

Once again the week produced 450 pips...with 0 losses and as I write this the float is 7% of the account.

I have now been running live for 7 weeks with no losses....

As I have said before I belive Fire Bird v0.63G-TS has achived my aim which is to maximise returns and minimise risk...

therefore I will stop tinkering with it and now turn my attention to Version 2 on a standard account.

After all the way FBs going we will all be trading Standard accounts in the near furture...

Have a great weekend

Glenn.

Hi Genn5T,

Thanks for your very very good work. I am a forextrader around 5 years and I have a very good strategy, but I am new in EA's trading.
I am testing testing EA's since around 6 month and your's the BEST.

Thanks.

Erkro
  • #1,642
  • Nov 17, 2006 3:02pm Nov 17, 2006 3:02pm
Quoting traderlismiss
Thanks and you are right. My TP is set to 50 and I am sorry for incorrectly stating it was 30. I have answered that question too many times in open forum and in pm and made a mistake.

Thanks for pointing this out and I will go back and correct it.
Thanks Traderlismiss,

No problem, I know it, when people ask 1000 times the same questions.
Thanks for your fast answer.

Erkro
  • #1,643
  • Nov 17, 2006 3:06pm Nov 17, 2006 3:06pm
Quoting 1trader2
Anybody having trouble running Firebird on Alpari? It has not entered any new trades for the past 2-3 days...all my trades are closed out (in profit). My FXDD accounts are fine.

1 Trader2
Hi 1trader2,
I have FB running on Alpari, NF and Neuimex, and they work very well.

Erkro
  • #1,644
  • Nov 17, 2006 3:09pm Nov 17, 2006 3:09pm
erkro

Thankyou....I to have been trading for around 6 years so I guess its a matter of haveing been there done that....lol

For me one of the big considerations is the range of a pair..and thats why I use the higher pipstep for the GBP/USD as we know the GBP can range up to 377 pips from a breakout where as the EUR/USD tends to trade in a smaller range up to 144 pips from breakout....

Therefore it would be a possible consideration to reduce the pipstep on the EUR to a lower number...this may give a higher return...

However Iam happy with the present setup and therefore Iam leaving it alone as I said above.


Glenn

  • #1,645
  • Nov 17, 2006 3:17pm Nov 17, 2006 3:17pm
1trader2

I find StrategyBuilderFX a great MT4 platform for running demos .

You’re free to use this demo account as a training simulator as long as you wish, at no obligation.

Glenn
  • #1,646
  • Nov 17, 2006 3:25pm Nov 17, 2006 3:25pm
Quoting glenn5t
erkro

Thankyou....I to have been trading for around 6 years so I guess its a matter of haveing been there done that....lol

For me one of the big considerations is the range of a pair..and thats why I use the higher pipstep for the GBP/USD as we know the GBP can range up to 377 pips from a breakout where as the EUR/USD tends to trade in a smaller range up to 144 pips from breakout....

Therefore it would be a possible consideration to reduce the pipstep on the EUR to a lower number...this may give a higher return...

However Iam happy with the present setup and therefore Iam leaving it alone as I said above.


Glenn

Glenn,

You are right, Forex took me also a lot of time and money but now it works for me, and it's really a matter of beeing there and doing the work.
Ok I will enlarge the pipstep in gbp. Thanks for your answer, you know I am a beginner in the use of ea's.

Wish you a nice weekend.

Erkro
  • #1,647
  • Edited 4:22pm Nov 17, 2006 3:38pm | Edited 4:22pm
Quoting traderone
Just wanted to share this statement since Oct 12.

Three pairs. Started with a little over $8000 and trading .3 lots per trade.

I have increased the SL over the course of the time period. M5 charts.

Why in the H#$% doesn't my live account look like this?
Did you get these results by backtesting or with a live demo account???

Backtesting doesnt work, I have compared real time results with 90% accurate backtest data, and they dont match at all. I think backtesting is useless.
  • #1,648
  • Edited 6:18pm Nov 17, 2006 6:07pm | Edited 6:18pm
I agree, back testing does throw up many "good' results that do not result in same % in live testing or on real accounts. Look at Phoenix. Harry Hendrick has done a fantastic job on his EA and is doing so well in the competition. But how many people can get the same result in a live account?

Here is how to get 99% qualtity, but that possible won't help [see the text by 'alamanjani']; http://www.forex-tsd.com/attachments...c?d=1163795323
  • #1,649
  • Nov 18, 2006 11:59am Nov 18, 2006 11:59am
Quoting blewmoon
I agree, back testing does throw up many "good' results that do not result in same % in live testing or on real accounts. Look at Phoenix. Harry Hendrick has done a fantastic job on his EA and is doing so well in the competition. But how many people can get the same result in a live account?

Here is how to get 99% qualtity, but that possible won't help [see the text by 'alamanjani']; http://www.forex-tsd.com/attachments...c?d=1163795323
I can tell you that Firebird is performing well in live and demo accounts with the right settings. I had originally loaded Phoenix live after having success in demo but it performed terrible live and since then, my demo account are bad as well. I agree that Hendrick is doing fantastic in the competition but I tested with several of the people in the Phoenix forum and only a few that I know are claiming to do well in a live account. I think Hendrick's Phoenix does very well in a tight range market but very poorly in a trending market. I still am watching the Phoenix forum for improvements but right now Firebird is the one.

Thanks
  • #1,650
  • Nov 18, 2006 12:42pm Nov 18, 2006 12:42pm
Quoting traderlismiss
I can tell you that Firebird is performing well in live and demo accounts with the right settings. I had originally loaded Phoenix live after having success in demo but it performed terrible live and since then, my demo account are bad as well. I agree that Hendrick is doing fantastic in the competition but I tested with several of the people in the Phoenix forum and only a few that I know are claiming to do well in a live account. I think Hendrick's Phoenix does very well in a tight range market but very poorly in a trending market. I still am watching the Phoenix forum for improvements but right now Firebird is the one.

Thanks
I agree Melissa , the main problem that I can see with Phoenix is SL too tight to be able to let EA (based on the same Firebird concept) to develop its trades. On other hand we have to be really really careful about higher SL and trade with lower lot to avoid big losses

  • #1,651
  • Nov 18, 2006 12:59pm Nov 18, 2006 12:59pm
Somewhere there is a posting on how to acheive 99% quality backtesting in MT. They went ito detail about importing history from alpari, etc... I saw it once, but can't find it now. Anybody know where it is hiding??

Thanks
Rusty

ps FB up about 50% this week Float is about 20% of Account Equity, working on a MM routine that will hopefully streamline out float issues.

Another thing.. I was messing around with backtesting GBPUSD, and I was using different percents from .05 to .15 using a step of 1. and the proffit was not what I had expected. .06 had the best, then .09, and .08, .12, then .05. I might be new to this detailed backtesting and optimizing, but I thought it would be a smooth curve from the best to the worst, not jumping all around like that ???
  • #1,652
  • Nov 18, 2006 2:12pm Nov 18, 2006 2:12pm
The download in first page is for fb1.0. Anyone can I help me find fb63g-ts?
thanks
  • #1,653
  • Nov 18, 2006 2:43pm Nov 18, 2006 2:43pm
here it is



Attached File(s)
File Type: mq4 Firebird-v63G-TS.mq4 Sept 19-06.mq4   28 KB | 693 downloads
  • #1,654
  • Nov 18, 2006 2:48pm Nov 18, 2006 2:48pm
rusty105

Good to hear your account is going well,

I assume the percentages you are posting are to do with the envelope.

What Fire Bird are you useing...Version 2?

Would you be able to send me the results by PM...

Glenn.

  • #1,655
  • Nov 18, 2006 2:50pm Nov 18, 2006 2:50pm
Thank you glenn5t. I will also follow your settings.
happy trading
  • #1,656
  • Nov 18, 2006 2:58pm Nov 18, 2006 2:58pm
Rusty105,


You were looking for this,
Might not be the ideal place to upload it, maybe someone could sticky it or something. I've started the process but no backtests yet.
Attached File(s)
File Type: doc How_to_get_a_Modelling_Quality_of_99%_when_testing_EA_in_MT4.doc   343 KB | 1,151 downloads
  • #1,657
  • Nov 18, 2006 3:52pm Nov 18, 2006 3:52pm
Thanks for sharing Glenn. Excellent results. To be clear, last time I jotted down your settings (which was just a couple of days ago) you had TS=15. (I got that from the post where you stated "so my final settings are TP 50..TS 15...and pipstep 37".) TS=20 is your new TS, correct? You made the change due to volatility with some of the pairs?

Thanks again!

Bill

Quoting glenn5t
Another week comes to a end


Firstly thankyou for the kind words. Melissa and dswk...Iam glad I can help.

pipsteve.....my live account is with IBFX..I have a demo with NF..but you must realise that NF use different servers and the one they use for live accounts is more reliable.

for the new people once again: my settings are.....TP 50...TS 20...Pipstop 37...5min charts on a 15 TF.
Three pairs GBP/USD.EUR/USD and AUD/USD...

Once again the week produced 450 pips...with 0 losses and as I write this the float is 7% of the account.

I have now been running live for 7 weeks with no losses....

As I have said before I belive Fire Bird v0.63G-TS has achived my aim which is to maximise returns and minimise risk...

therefore I will stop tinkering with it and now turn my attention to Version 2 on a standard account.

After all the way FBs going we will all be trading Standard accounts in the near furture...

Have a great weekend

Glenn.

  • #1,658
  • Nov 18, 2006 3:58pm Nov 18, 2006 3:58pm
Quoting Michaelw
Did you get these results by backtesting or with a live demo account???

Backtesting doesnt work, I have compared real time results with 90% accurate backtest data, and they dont match at all. I think backtesting is useless.
Depends upon the EA, how its coded and the nature of the strategy. It is possible (and not too difficult to do) to have backtest results match forward tested trades.

Many people poo-poo backtesting. But, with all fairness, there's a lot of variables involved.

I don't yet have backtesting vs forward testing experience with FireBird. So, I can't speak to its relevance here. Maybe that's the point you were making?

Cheers

Bill (in need of a good back rub)
  • #1,659
  • Nov 18, 2006 7:42pm Nov 18, 2006 7:42pm
Is ther anyone who is testing all the versions of firebird (started at the same date)....I ahve tested all the versions available but It looks like the original version V63G works best with 5M...


Thanks
  • #1,660
  • Nov 18, 2006 8:21pm Nov 18, 2006 8:21pm
Quoting glenn5t
rusty105

Good to hear your account is going well,

I assume the percentages you are posting are to do with the envelope.

What Fire Bird are you useing...Version 2?

Would you be able to send me the results by PM...

Glenn.

Yes the percentages are from the envelope settings, using v63g-ts.

Are you refering to the optimizing results?

Rusty
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