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Going live with Firebird

  • #21
  • Jun 12, 2006 6:35pm Jun 12, 2006 6:35pm
Quoting robp
Here's my statement. More or less trades with 30M and your settings?
My statement for the last 2 trading days is in one of the posts on the first page - have a look.


Edit: After looking at your statment I'd say that your settings make about 2 times the trades [I didn't count]. My settings however have more than double the take profit level so I guess that makes them about the same?
  • #22
  • Jun 12, 2006 6:44pm Jun 12, 2006 6:44pm
I just opened a new account on one of my platforms and loaded up Firebird with your settings on the major 4 pair. I'll watch this for a while. Thx. I was using MA type 0 because I read in a post somewhere it was less volatile than MA type 1.
  • #23
  • Jun 12, 2006 6:48pm Jun 12, 2006 6:48pm
I am looking forward to read about your results RobP!



Quoting robp
I just opened a new account on one of my platforms and loaded up Firebird with your settings on the major 4 pair. I'll watch this for a while. Thx. I was using MA type 0 because I read in a post somewhere it was less volatile than MA type 1.
  • #24
  • Jun 12, 2006 6:52pm Jun 12, 2006 6:52pm
To answer your earlier question, Yardie, if your connection goes down your kinda SOL. I have a DSL line and a backup cable connection -- all on back-up power supply. I've actually been searching for a program that will monitor my connection and alert me if it goes out. Anybody know of such a program?
  • #25
  • Jun 12, 2006 7:20pm Jun 12, 2006 7:20pm
Lonespruce, I just noticed on those M30 charts for Firebird I'm getting a "bad hours" error printing in the chart's upper left corner. This is only on the EURUSD and GBPUSD charts. Others are fine. I tried deleting the charts and rebuilding them, but error persists. Have you ever seen that? Do you know a cure?
  • #26
  • Jun 12, 2006 7:31pm Jun 12, 2006 7:31pm
Quoting robp
Lonespruce, I just noticed on those M30 charts for Firebird I'm getting a "bad hours" error printing in the chart's upper left corner. This is only on the EURUSD and GBPUSD charts. Others are fine. I tried deleting the charts and rebuilding them, but error persists. Have you ever seen that? Do you know a cure?
I have it open right now and its working fine. I have seen that error once before but I don't know a cure.
  • #27
  • Jun 12, 2006 7:39pm Jun 12, 2006 7:39pm
When you get a chance, can you zip and post your Firebird v63G? Maybe the one I have is somehow corrupted.
  • #28
  • Jun 12, 2006 7:42pm Jun 12, 2006 7:42pm
There ya go
Attached File(s)
File Type: zip Firebird v63G.zip   22 KB | 887 downloads
  • #29
  • Jun 12, 2006 8:08pm Jun 12, 2006 8:08pm
Still getting same error. I guess I'll be back at it in the morning. Thx for the help.
  • #30
  • Jun 13, 2006 6:10am Jun 13, 2006 6:10am
Sometime overnight the bad hours error disappeared, although no trades appeared at all. My M15 charts are working fine and booked several more positive trades. I would really like to get this working on the M30 charts, but am kind of at a loss now as to why trades aren't being triggered. I do have the smiley face and all the usual stuff.
  • #31
  • Jun 13, 2006 7:05am Jun 13, 2006 7:05am
Rob - I've read on another thread that the "bad hours" message is a comment, and not an error. Some have said that changing their start hour to 0 and close hour to 24 has corrected the problem. Regardless, it shouldn't affect your trading.
  • #32
  • Jun 13, 2006 9:42am Jun 13, 2006 9:42am
Hi everyone,

I too have been using Firebird on a demo account and it appears to be working great. I just had one question. There was a sell order that triggered on the usd/jpy about an hour ago. The price proceeded to go up shortly afterward. Currently, I'm about -50 pips, and it is the only trade currently open. I have the pipstep level set to 15. Shouldn't it have triggered additional sell orders at -15, -30, and -45 levels? I'm using the exact same settings as was posted on the first message of this thread.

Thanks
  • #33
  • Jun 13, 2006 10:17am Jun 13, 2006 10:17am
I think I may be in the same trade you're referencing, although mine did add one other position 15 pips away from the first.
  • #34
  • Jun 13, 2006 10:39am Jun 13, 2006 10:39am
Quoting robp
I think I may be in the same trade you're referencing, although mine did add one other position 15 pips away from the first.
That's odd. I wonder why mine never added another. It looks like it may have even gotten to -60 at its furthest point. Anyway, here's what I'm using for settings:

MA_length=10
MA_timeframe=15
MAtype=0
Percent=0.05000000
TradeOnFriday=1
slip=100
Lots=0.10000000
TakeProfit=10
Stoploss=120
Fast_Period=23
Fast_Price=1
Slow_Period=84
Slow_Price=1
DivergenceLimit=0.00200000
Use_V63D_Divergence=0
PipStep=15
IncreasementType=0.00000000
DVLimit=10
PipsGoal=500
PipsLoss=500
GMT=0
DST=0
OpeningHour=0
ClosingHour=23
writelog=0
  • #35
  • Edited Jun 14, 2006 7:40pm Jun 13, 2006 11:22am | Edited Jun 14, 2006 7:40pm
My settings are exactly the same.
  • #36
  • Jun 13, 2006 12:01pm Jun 13, 2006 12:01pm
From my back testing, it looks like Firebird gets hammered whenever the market is in a strong trend and great during range bound conditions. Other than manual intervention, I wonder if there is some way to filter out the bigger trends...
  • #37
  • Jun 13, 2006 12:42pm Jun 13, 2006 12:42pm
Quoting sm31
From my back testing, it looks like Firebird gets hammered whenever the market is in a strong trend and great during range bound conditions. Other than manual intervention, I wonder if there is some way to filter out the bigger trends...
Yeah, today's been a rough day on firebird. I had about 20 successful trades earlier in the day, but this morning has been tough. Interesting though, the gbp/usd and eur/usd both triggered a second position when the price went past 15 pips. I think during ranging markets, or during market dead times, firebird is great. Perhaps setting the StopLoss setting down to a lower value. 120 is the setting now. It may be kind of excessive, however, if firebird is entering positions during a long retracement, it will eventually settle itself out.

Anybody having better success today? BTW, I have it set only to trade for the Euro, Cable, Yen, and Swissie. No exotics.
  • #38
  • Jun 13, 2006 12:55pm Jun 13, 2006 12:55pm
Quoting AlphaPip
Rob - I've read on another thread that the "bad hours" message is a comment, and not an error. Some have said that changing their start hour to 0 and close hour to 24 has corrected the problem. Regardless, it shouldn't affect your trading.
I have to dissagree. For some reason I had the bad hours message on 2 charts out of 4 and while those two charts did not have any trades, the other 2 did. Price was way outside the envelope on all 4 charts.

I'm not sure where the error came from because it just appeared one day without me changing anything.
  • #39
  • Last Post: Jun 15, 2006 1:46am Jun 15, 2006 1:46am
Hi everyone,
I am new to using MetaTrader 4 demo with InterbankFX.
Not sure if demo is time-liimited.
Anyone recommend MT4 demo with no expiry date by another broker?

Also how do I use the Thunderbird template:
Where do I zip into the C:\Program Files\MetaTrader 4 ?
for use with the 10m or 30m chart?

Thanks in advance.
CCI decipherer
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