Firebird EA - fixed version -

Quoting glenn5t

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Melissa


I use Vegas as a indicator as well you will understand when I talk about fib nos and pips from breakouts then...

As I did in a earlier post.....
The possible maybe on the cards for GBP/USD
If it holds 1.9067/1.9101 levels a violation of this zone materializes, its Aug’06 and Nov’06 highs are exposed with a break and close above these levels needed to resume its primary uptrend. If this is seen, its April’05 high at 1.9218 and its Mar’05 at 1.9327 are the next technical levels. A push beyond these levels should target its Dec’04 high at 1.9552.In addition, its daily studies remain positive supporting the above view.

Thats why I closed to give myself some trading room..If however it goes into decline I have several trades lined up in the ea ..

Glenn

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Quoting sm31

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Do you anticipate more slippage or slower fills due to the use of standard lots?

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Quoting futurefuture

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There is a bug in CheckJustCloseOrder() since the comment from closed order is followed with "[sl]" or "[tp]". I fixed this bug and combine VG63H04-TSMM with v1.0a and v1.0c to get a new clean version.

MonoAutoSettings - ture to use Mono's daily range to calcuate tp, sl and pipstep
UseSafeArea - true to use the safe area from vg63h04

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Quoting cgldsmth

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I'm using v1.0b2 so it has made money during the trend which helps.

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Quoting teamfri

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Why can't I find the v1.0b2 on the first post of this thread? It seems the only versions available are 1.0a and 1.0c.

And in your opinion what makes the difference in the trending market by using v1.0b2. I 've been reading firebird threads for a few days, I noticed Hendrick did a lot of work in the earlier stage of its development, and he mentioned trying to use some filter to avoid big trending move. I am curious how his Phonex performed in the last big market move, I suppose phonex and firebird are cousins.

Thanks

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Quote

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<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 145031" vAlign=top><TD class=alt1 align=middle width=125>mr.trader</TD><TD class=alt2>Hello guy´s,

I´m back again !

Last days was very terrible for our bird... mine on lost near 22% on live account, (use the H02 version with trailing stop on 5min TF, 2 minilot for every pair, EUR/USD, USD/CHF, CHF/JPY(best pair ever), EUR/GBP, EUR/CHF) but still up more than 120% since beginning in september...

Well not the latest Version, i know, but for me it works best and i see much people here lost more...

I thought long long times about how can we make this baby safer... In my oppinion the only way is to implement a slow martingale, not double every order but maybe encrease with the factor 1.5... so we can close all the orders at a small pullback and we don´t have to wait until price reaches the lowest TP Level from the first order...

Examlpe:
Now price is 1.1500... Bird goes short, price runs up to 1.1740... so if we had a pipstep from 40 now 8 orders are open and floating makes us ....

So let´s say we start with a half minilot, open the next order with 0,75 minilot, next with 1,13 minilot... and so on. Reduce pipstep to 30 pips and increase lotsize with the factor 1.5 (see pdf attached)

Only a 60 pips retracement are enough to close the orderblock postive (look pdf)...

That´s the only way we can make this baby safer in trending markets, now if the price runs 240 pips away it need a 240 pip retracement to close all orders, after 60 pips are enough...

Maybe there are some coders who can code this into the EA...

Thanks for your help !

mr.trader</TD></TR></TBODY></TABLE>

Quoting mr.trader

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Hello guy´s,

I´m back again !

Last days was very terrible for our bird... mine on lost near 22% on live account, (use the H02 version with trailing stop on 5min TF, 2 minilot for every pair, EUR/USD, USD/CHF, CHF/JPY(best pair ever), EUR/GBP, EUR/CHF) but still up more than 120% since beginning in september...

Well not the latest Version, i know, but for me it works best and i see much people here lost more...

I thought long long times about how can we make this baby safer... In my oppinion the only way is to implement a slow martingale, not double every order but maybe encrease with the factor 1.5... so we can close all the orders at a small pullback and we don´t have to wait until price reaches the lowest TP Level from the first order...

Examlpe:
Now price is 1.1500... Bird goes short, price runs up to 1.1740... so if we had a pipstep from 40 now 8 orders are open and floating makes us ....

So let´s say we start with a half minilot, open the next order with 0,75 minilot, next with 1,13 minilot... and so on. Reduce pipstep to 30 pips and increase lotsize with the factor 1.5 (see pdf attached)

Only a 60 pips retracement are enough to close the orderblock postive (look pdf)...

That´s the only way we can make this baby safer in trending markets, now if the price runs 240 pips away it need a 240 pip retracement to close all orders, after 60 pips are enough...

Maybe there are some coders who can code this into the EA...

Thanks for your help !

mr.trader

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Quoting teamfri

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That idea sounds like a combination of firebird and 10point3.

mt.trader, i read somewhere that you said v1.0b was based on your idea. What do you think of the hedging function now? Thanks.

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Quoting mr.trader

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Yes, was my idea, thanks to wackena for coding !

Well, u are right, a mix between 10piont3 and Firebird, should work, regrading hedging, yes i still think it´s a good idea, especially in times like this hedging will protect your account and add profits, in the end the hedge EA will give better returns but also deeper pockets are needed in sideway markets...

Hope that helps,

mr.trader

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