In an attempt to minimize bad effect of strong up or down market movements, I have coded a new Firebird to use iFXAnalyzer as an up and down strong trend indicator. The EA will not place trades during strong up or down trends indicated by chart message "Market Trending up" or "Market Trending Down". I added a Hedge function option to place reverse trade when PipStep trade is triggered. Hedge orders have ability to increase lot size. I cleaned up the EA and now there are no warnings when compiled in MetaEditor. Other added functions are described below.
UseEquityProtection -if true, close all orders when negative Float is excessvie.
FloatPercent –percent of balance for equity protection.
UseMM-money management.
Risk-pecent of account equity to risk per trade.
MaxOpenOrders-sets maximum number of open trades at same time.
CloseDays-number of days trade is open before auto closing.
LossLevel-loss amount before auto closing after Closedays.
UseHedge-if true, places reverse order with PipStep order.
HedgeLotFactor-hedge order Lots will be increased by this factor.
HedgeTakeProfit-
HedgeStopLoss-
AutoCal-if true, iRSI() calculation of TakeProfit, StopLoss and PipStep. (not hedge orders)
This Firebird, as well as most other versions, is very slow in backtest. I can assure the added EA functions work. In backtest with default settings, it performed well on eurusd. gbpusd backtest was a bit shakey, but still in profit. I have not tested other pairs. I hope it performs well in Demo and Live accounts. I found better profits when HedgeLotFactor is set between 2-4.
Warning: The success or failure of this Expert Advisor is the exclusive responsibility of the Enduser.
Wackena
Ignored
Wackena can you please look into adding time management for the new FB, so no trades will be executed during given time.
I tried with this code, but it did not work right:
if (UseHourTrade){
if(!(Hour()>=FromHourTrade&&Hour()<=ToHourTrade)){
Comment("Non-Trading Hours!");
return(0);
In an attempt to minimize bad effect of strong up or down market movements, I have coded a new Firebird to use iFXAnalyzer as an up and down strong trend indicator. The EA will not place trades during strong up or down trends indicated by chart message "Market Trending up" or "Market Trending Down". I added a Hedge function option to place reverse trade when PipStep trade is triggered. Hedge orders have ability to increase lot size. I cleaned up the EA and now there are no warnings when compiled in MetaEditor. Other added functions are described below.
UseEquityProtection -if true, close all orders when negative Float is excessvie.
FloatPercent –percent of balance for equity protection.
UseMM-money management.
Risk-pecent of account equity to risk per trade.
MaxOpenOrders-sets maximum number of open trades at same time.
CloseDays-number of days trade is open before auto closing.
LossLevel-loss amount before auto closing after Closedays.
UseHedge-if true, places reverse order with PipStep order.
HedgeLotFactor-hedge order Lots will be increased by this factor.
HedgeTakeProfit-
HedgeStopLoss-
AutoCal-if true, iRSI() calculation of TakeProfit, StopLoss and PipStep. (not hedge orders)
This Firebird, as well as most other versions, is very slow in backtest. I can assure the added EA functions work. In backtest with default settings, it performed well on eurusd. gbpusd backtest was a bit shakey, but still in profit. I have not tested other pairs. I hope it performs well in Demo and Live accounts. I found better profits when HedgeLotFactor is set between 2-4.
Warning: The success or failure of this Expert Advisor is the exclusive responsibility of the Enduser.
Wackena
Ignored
As requested by Michaelw, I have coded a Trade Time scheduler into latest Firebird v3.0. It is a little bit of overkill. But, it will allow to schedule up to 4 "Trading Time" zones per day and a full week's schedule to be set at one time.
If UseTradeScheduler=true, then the following applies.
Each "Trading Time" zone 1 through 4 has a Start and an End for each day.
To trade all day , set "day"...Start1=0 and "day"...End4=24. This is needed for each trading day.
To skip a full day, set "day"...Start1=0 and "day"...End4=0.
Note: EA is coded to use your Local PC Time.
Here is a Monday example.
MonTradeHourStart1 = 0; - (Trading Time zone 1 start)
MonTradeHourEnd1 = 8; - (Trading Time zone 1 end)
MonTradeHourStart2 = 10;
MonTradeHourEnd2 = 16;
MonTradeHourStart3 = 18;
MonTradeHourEnd3 = 20;
MonTradeHourStart4 = 22;
MonTradeHourEnd4 = 24;
In above schedule, EA trades from 00:00 (midnight) to 08:00, then from 10:00 to 16:00, then from 18:00 to 20:00, then from 22:00 to 24:00.
Non-Trading Time is from 08:00 to 10:00, then from 16:00 to 18:00, then from 20:00 to 22:00.
2% of all profits generated this week please send to wackena for his tireless, selfless and efficient efforts! This is a good week to test v3 and v3.1 as everyone expects cable to continue POUNDing the dollar, plus the numerous economic announcements.
As requested by Michaelw, I have coded a Trade Time scheduler into latest Firebird v3.0. It is a little bit of overkill. But, it will allow to schedule up to 4 "Trading Time" zones per day and a full week's schedule to be set at one time.
If UseTradeScheduler=true, then the following applies.
Each "Trading Time" zone 1 through 4 has a Start and an End for each day.
To trade all day , set "day"...Start1=0 and "day"...End4=24. This is needed for each trading day.
To skip a full day, set "day"...Start1=0 and "day"...End4=0.
Note: EA is coded to use your Local PC Time.
Here is a Monday example.
MonTradeHourStart1 = 0; - (Trading Time zone 1 start)
MonTradeHourEnd1 = 8; - (Trading Time zone 1 end)
MonTradeHourStart2 = 10;
MonTradeHourEnd2 = 16;
MonTradeHourStart3 = 18;
MonTradeHourEnd3 = 20;
MonTradeHourStart4 = 22;
MonTradeHourEnd4 = 24;
In above schedule, EA trades from 00:00 (midnight) to 08:00, then from 10:00 to 16:00, then from 18:00 to 20:00, then from 22:00 to 24:00.
Non-Trading Time is from 08:00 to 10:00, then from 16:00 to 18:00, then from 20:00 to 22:00.
Wackena,
What chart TF have you been running this on?
Ignored
BenQ,
Developement was on M5. On previous versions of FB, there have had good comments on M30. It would be good if both M5 and M30 could be tested side-by-side for comparison. Another good test would be to demo on different Brokers at same time also.
Thx. I turned off MM, but kept the other defaults. The hedge is coming on too early. I have a .10 lot short on the eurusd at 1.3359, and a .30 lot long at 1.3363.
Quoting wackena
Disliked
BenQ,
Developement was on M5. On previous versions of FB, there have had good comments on M30. It would be good if both M5 and M30 could be tested side-by-side for comparison. Another good test would be to demo on different Brokers at same time also.
Thx. I turned off MM, but kept the other defaults. The hedge is coming on too early. I have a .10 lot short on the eurusd at 1.3359, and a .30 lot long at 1.3363.
Ignored
I had the same. EU short 1.3357 and long 1.3363. I also got short and long on cable. A long on UJ and long on UChf. I don't know why the hedge orders on EU and GU happened. Maybe a Sunday night thing.
Turning off MM does not effect Hedge orders. They are turned on/off with UseHedge variable.
At 23:05 GMT Firebird v3.1 sold 2 lot at 1.9824 and bought 6 lots at 1.9832 five seconds apart. These were GBPUSD trades on a 5min chart with MetaQuotes demo. Is this caused by the market just opening?
At 23:05 GMT Firebird v3.1 sold 2 lot at 1.9824 and bought 6 lots at 1.9832 five seconds apart. These were GBPUSD trades on a 5min chart with MetaQuotes demo. Is this caused by the market just opening?
Ignored
Yes, I think so. The Hedge order needs LastPrice of previous order to calculate entry. On first EA start up, there is no previous order Last Price, so LastPrice=0 and I think the Hedge function calculates OK entry on invalid data. After orders have been opened, then premature Hedge orders should stop. I will investigate a fix.
At 23:05 GMT Firebird v3.1 sold 2 lot at 1.9824 and bought 6 lots at 1.9832 five seconds apart. These were GBPUSD trades on a 5min chart with MetaQuotes demo. Is this caused by the market just opening?
Ignored
For the 2 lots and 6 lots orders. You have either turned off UseMM and set Lots=2. Or, UseMM=true, and default settings, Risk=5% and AccountEquity equals or is near $45,000. In either case, the HedgeFactor=3 and that is why the 2nd order was for 6 lots.
Just had another double order on usdchf. Reason unknown, still investigating. It may not be a prolblem . Time will tell.
I started my FDXX $3000 demo 2006.12.03 on 4 pairs-eurusd, gbpusd, usdjpy, usdchf. EquityProtection was set at 10% of balance. This only allows a $300 negative float. Last night had 2 orders closed for loses when negative FLoat was more than 10% limit. EquityProtection feature works. On my $3000 demo, I have now set FloatPercent=20 (20% of Balance=~$600 for negative float limit). Users should periodically re-evaluate their FloatPercent setting to assure, based on your Balance, you allow enough negative float for Firebird to work. While if EA is profitable, adjust FLoatPercent down to protect balance.
Another suggestion is to turn Equity Protection off and let EA run for awhile to see average Float p/l and then set FloatPercent accordingly to level of protection you want.
wackena,
Thanks for the reply. I am still getting my adjustments worked out.
Can I run the FB v3.1 EA on 5min, 15min and 30min charts on the same pair in the same account without having magic number problems?
Keep up the good work.
Ignored
nvwine,
Yes, I think you can. This is the code and it seems to assign unique
MagicNumber based on chart (Period()) selection.
Inserted Code
int MagicfromSymbol() { // included by Renato
int MagicNumber=0;
for (int i=0; i<5; i++) {
MagicNumber=MagicNumber*3+StringGetChar(Symbol(),i);
}
MagicNumber=MagicNumber*3+Period();
return(MagicNumber);
Hopefully, this version of Firebird will handle the Hedge orders as designed.
The 2 loses I've had, and they were big ones, have been OrderClose call from exceeding equity protection level. I have changed the default to PercentFloat=30. You may want to turn off EquityProtection=false. Then monitor Float p/l over time, and set PercentFloat accordingly.
In this version, the following these variables will have the biggest effect on positive results.
Hello,
I just found an error while do some bactest.
This is the error:
2006.12.06 08:49:33 2006.01.06 01:45 Firebird v3.2 EURUSD,M5: invalid price 1.21155000 for OrderSend function
2006.12.06 08:49:26 2006.01.05 17:09 Firebird v3.2 EURUSD,M5: invalid price 1.21004999 for OrderSend function
Is there something wrong with the code?
Thanks
Ignored
I don't think so. It seems your History data may be corrupt. The EA does not calculate Ask or Bid price. It only uses price quoted from backtest data file or if demo/live from server.
