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Firebird EA, please test this one, it is one of the greats

  • #301
  • Jun 26, 2006 6:38am Jun 26, 2006 6:38am
Quoting Hendrick
Hey Yardie,

All the settings are the same as before except the setting for PipStep. It's now 40 instead of 15.
I think a bigger pipstep is much better. I was using a 40 pipstep on one account and that one is still in profit. The stop was 120pips on that one but the amazing thing is that it is still in profit since I started 11 days ago.

I will try a pipstep of 80, on another account and see if it works better.

Wiz.
  • #302
  • Edited 7:12am Jun 26, 2006 6:50am | Edited 7:12am
Wiz, Can you post that statement please. I was using 15 and it just entered way too many trades in the big move. I now have versions running with 20, 30 and 40 but I'd like to see what it did the passed 11 days. So you're using 120 as SL and 40 as pip step, but what target? Thx.



Quoting The Wizard of Oz
I think a bigger pipstep is much better. I was using a 40 pipstep on one account and that one is still in profit. The stop was 120pips on that one but the amazing thing is that it is still in profit since I started 11 days ago.

I will try a pipstep of 80, on another account and see if it works better.

Wiz.
  • #303
  • Jun 26, 2006 7:58am Jun 26, 2006 7:58am
So far this week 2 wins and zero loss with the new settings TP 21 SL 42 and Pipsterp 40.
  • #304
  • Jun 26, 2006 8:37am Jun 26, 2006 8:37am
I also changed my EA to run with TP-25 SL-50 and PipStep-25. Last 24 hrs = 4 winners, 0 losers.
  • #305
  • Jun 26, 2006 9:33am Jun 26, 2006 9:33am
Quoting BenQ
Wiz, Can you post that statement please. I was using 15 and it just entered way too many trades in the big move. I now have versions running with 20, 30 and 40 but I'd like to see what it did the passed 11 days. So you're using 120 as SL and 40 as pip step, but what target? Thx.
20 pip target. Statment atatched.

Actually the statement shows a starting date of the 15th but includes Thursday and Friday's losses.

Wiz
Attached File(s)
File Type: zip statement.zip   9 KB | 335 downloads
  • #306
  • Jun 26, 2006 11:39am Jun 26, 2006 11:39am
Attached is Detailed Statment from Sunday June 25.


tp=20

sl=120

Wackena
Attached File(s)
File Type: zip Firebirdv63g_Jun-26-06.zip   7 KB | 308 downloads
  • #307
  • Jun 26, 2006 11:52am Jun 26, 2006 11:52am
Today was another proof of Firebird's ability to make money in a market where there are only small movements up and down. 9 winners and no losers. So the main goal here is to get Firebird step aside when the market gets volatile. I've made a new version of Firebird were I added the next condition for SELLS and BUYS:

double Safe1=iBullsPower(NULL,0,20,6,0)+iBearsPower(NULL,0,20,6,0);
if(Safe1>-0.0050 && Safe1<0.0050)
Safe1=1;

In short: when the Bulls or the Bears have the upper hand, Firebird will place no trades. Lets see if it makes any difference this week.
  • #308
  • Jun 26, 2006 1:42pm Jun 26, 2006 1:42pm
Now up to 6 wins and one loss using these settings.

Quoting Yardie
So far this week 2 wins and zero loss with the new settings TP 21 SL 42 and Pipsterp 40.
  • #309
  • Jun 26, 2006 1:44pm Jun 26, 2006 1:44pm
pipstep?

Quoting wackena
Attached is Detailed Statment from Sunday June 25.



tp=20

sl=120

Wackena
  • #310
  • Jun 26, 2006 1:55pm Jun 26, 2006 1:55pm
Nice work, Hendrick. I'm anxious to see the results of an added volatility parameter, which is just what Firebird seems to need.



Quoting Hendrick
Today was another proof of Firebird's ability to make money in a market where there are only small movements up and down. 9 winners and no losers. So the main goal here is to get Firebird step aside when the market gets volatile. I've made a new version of Firebird were I added the next condition for SELLS and BUYS:

double Safe1=iBullsPower(NULL,0,20,6,0)+iBearsPower(NULL,0,20,6,0);
if(Safe1>-0.0050 && Safe1<0.0050)
Safe1=1;

In short: when the Bulls or the Bears have the upper hand, Firebird will place no trades. Lets see if it makes any difference this week.
  • #311
  • Jun 26, 2006 2:03pm Jun 26, 2006 2:03pm
Quoting AlphaPip
I also changed my EA to run with TP-25 SL-50 and PipStep-25. Last 24 hrs = 4 winners, 0 losers.
7 winners and 2 floating in profit. Also note, I am only trading 3 majors (not USD/JPY)

*EDIT* Attached .set file.
Attached File(s)
File Type: zip firebird_0626.zip   < 1 KB | 324 downloads
  • #312
  • Jun 26, 2006 2:12pm Jun 26, 2006 2:12pm
Quoting BenQ
pipstep?
BenQ,

I've conducted a lot of Live, forward testing and backtesting on Firebird v63g and, in my opinion, a tp to sl ratio of 1 : (4-6) works best. 1 to 6 has peformed best for me.

Tp to PipStep ratio of 1 : 2 has performed best. For tp = 20 and sl=120, PipStep of 40 has work best. Also, tp=10, sl=60 & PipStep=20 works well too. I think you can go higher or lower, as long as you stay near these ratios.

Wackena
  • #313
  • Jun 26, 2006 3:26pm Jun 26, 2006 3:26pm
Thx, wackena. I am testing various combinations and the higher SL combined with higher pipstep is working well for me too. In addition to the major 4, I'm also testing on USDCAD and EURJPY. We'll see, but I still think Firebird needs a volatility filter -- perhaps the wider envelope I mentioned earlier or some variation of it.

I need a primer on metatrader coding. My main platform has always been esignal, but I'm starting to lean toward meta to automate some of my stuff.




Quoting wackena
BenQ,

I've conducted a lot of Live, forward testing and backtesting on Firebird v63g and, in my opinion, a tp to sl ratio of 1 : (4-6) works best. 1 to 6 has peformed best for me.

Tp to PipStep ratio of 1 : 2 has performed best. For tp = 20 and sl=120, PipStep of 40 has work best. Also, tp=10, sl=60 & PipStep=20 works well too. I think you can go higher or lower, as long as you stay near these ratios.

Wackena
  • #314
  • Jun 26, 2006 4:00pm Jun 26, 2006 4:00pm
Is it possible for one to run two EAs at the same time in two different accounts using the same MT4 software? If so how would one go about doing it? Thanks.
  • #315
  • Edited 6:02pm Jun 26, 2006 4:22pm | Edited 6:02pm
Quoting Hendrick
Today was another proof of Firebird's ability to make money in a market where there are only small movements up and down. 9 winners and no losers. So the main goal here is to get Firebird step aside when the market gets volatile. I've made a new version of Firebird were I added the next condition for SELLS and BUYS:

double Safe1=iBullsPower(NULL,0,20,6,0)+iBearsPower(NULL,0,20,6,0);
if(Safe1>-0.0050 && Safe1<0.0050)
Safe1=1;

In short: when the Bulls or the Bears have the upper hand, Firebird will place no trades. Lets see if it makes any difference this week.
Hendrick,

This could be a very good idea. Also we can this to grab a few trending orders too. We see the big spikes many times. Usually, we already have an open order and Firebird wasn't design to take advantage of these spikes. We can use this iBullsPower to place a Buy and IBearsPower a Sell order at the beginning of the spikes. We don't want it to go crazy, so we arrange the code to allow it trade at the beginning of the Bulls or Bears movement, but limit it to only send order if open orders on that currency pair is <= a preset number. I tested this on a backtest and the result were impressive.

Something like the following. Your code will stop trading, but because below the code has changed the Bulls and Bears threshold value by +-0.0010, it will send order before your code stops trading. It seems we can pick up a profit trade here and there.

extern double BullsBearsFactor=0.0050;// different currencies need different factor - 0.0050 will not allow any trading on some currencies- 0.0030 seems to be a good factor

extern int OpenOrdersPerPair=1; // use range 1 to 3

double Safe1=iBullsPower(NULL,0,20,6,0)+iBearsPower(NULL, 0,20,6,0);
if(Safe1 >- BullsBearsFactor && Safe1 < BullsBearsFactor)
Safe1=1;

if( Safe1==1) return(0); else


if (Safe1>-(BullsBearsFactor-0.0010) && MyOrdersTotal()<=OpenOrdersPerPair) OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),
GetCommentForOrder(),MagicNumber,0,clOpenBuy);

Then just complete the Bears code in same method.

Remember, I am not a programmer. Just a few thoughts.

Wackena
  • #316
  • Jun 26, 2006 4:45pm Jun 26, 2006 4:45pm
Quoting wackena
Hendrick,

This could be a very good idea. Also we can this to grab a few trending orders too. We see the big spikes many times. Usually, we already have an open order and Firebird wasn't design to take advantage of these spikes. We can use this iBullsPower to place a Buy and IBearsPower a Sell order at the beginning of the spikes. We don't want it to go crazy, so we arrange the code to allow it trade at the beginning of the Bulls or Bears movement, but limit it to only send order if open orders on that currency pair is <= a preset number. I tested this on a backtest and the result were impressive.

Something like the following. Your code will stop trading, but because below the code has changed the Bulls and Bears threshold value by +-0.0010, it will send order before your code stops trading. It seems we can pick up a profit trade here and there.

extern double BullsBearsFactor=0.0050;// different currencies need different factor - 0.0050 will not allow any trading on some currencies- 0.0030 seems to be a good factor

extern int OpenOrdersPerPair=1; // use range 1 to 3

double Safe1=iBullsPower(NULL,0,20,6,0)+iBearsPower(NULL, 0,20,6,0);
if(Safe1>-BullsBearsFactor && Safe1<BULLSBEARSFACTOR)< i>
Safe1=1;
if( Safe1==1) return(0); else


if (Safe1>-(BullsBearsFactor-0.0010) && MyOrdersTotal()<=OpenOrdersPerPair) OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),
GetCommentForOrder(),MagicNumber,0,clOpenBuy);

Then just complete the Bears code in same method.

Remember, I am not a programmer. Just a few thoughts.

Wackena



Attached is Strategy Test for this concept using InterbankFX Demo on GBP/USD. I hope InterbankFX's data is valid.

Wackena
Attached File(s)
File Type: zip FirebirdStatementBullsBears.zip   12 KB | 382 downloads
  • #317
  • Jun 26, 2006 8:39pm Jun 26, 2006 8:39pm
Testing update

Test1
Running now since the 19th, still no losses recorded, its doing nicely.

Test2
As for the other test with firebird within firebird, its performing badly, need to fix some processes. I'll keep you posted.

Mono
Attached File(s)
File Type: zip Results Test1.zip   4 KB | 367 downloads
Mono
  • #318
  • Jun 26, 2006 10:16pm Jun 26, 2006 10:16pm
Quoting mono
Testing update

Test1
Running now since the 19th, still no losses recorded, its doing nicely.

Test2
As for the other test with firebird within firebird, its performing badly, need to fix some processes. I'll keep you posted.

Mono
Mono,

When you say Test 1 are you reffering to running the EA only on the first 3 days? What settings are you using?

This firebird sure clocks up some good trades. It's a pitty it has to have losers

Wiz.
  • #319
  • Jun 26, 2006 11:06pm Jun 26, 2006 11:06pm
Wiz,

Test1 is the first set of testing thats been on since the 19th trading 6 currencies

Check below

http://www.forexfactory.com/forexfor...&postcount=247

Slowly the losses are being pegged back.

Currently profits are @ $1507 with ongoing trades @ -$690 (was -$1200 at one stage).

Hopefully, the lossed will be down to a reasonable level before the US interest rate statement later this week or else I'll be recording my first loss/losses.

Mono
Mono
  • #320
  • Jun 27, 2006 1:17am Jun 27, 2006 1:17am
Quoting wackena
Hendrick,

This could be a very good idea. Also we can this to grab a few trending orders too. We see the big spikes many times. Usually, we already have an open order and Firebird wasn't design to take advantage of these spikes. We can use this iBullsPower to place a Buy and IBearsPower a Sell order at the beginning of the spikes. We don't want it to go crazy, so we arrange the code to allow it trade at the beginning of the Bulls or Bears movement, but limit it to only send order if open orders on that currency pair is <= a preset number. I tested this on a backtest and the result were impressive.

Something like the following. Your code will stop trading, but because below the code has changed the Bulls and Bears threshold value by +-0.0010, it will send order before your code stops trading. It seems we can pick up a profit trade here and there.

extern double BullsBearsFactor=0.0050;// different currencies need different factor - 0.0050 will not allow any trading on some currencies- 0.0030 seems to be a good factor

extern int OpenOrdersPerPair=1; // use range 1 to 3

double Safe1=iBullsPower(NULL,0,20,6,0)+iBearsPower(NULL, 0,20,6,0);
if(Safe1 >- BullsBearsFactor && Safe1 < BullsBearsFactor)
Safe1=1;

if( Safe1==1) return(0); else


if (Safe1>-(BullsBearsFactor-0.0010) && MyOrdersTotal()<=OpenOrdersPerPair) OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),
GetCommentForOrder(),MagicNumber,0,clOpenBuy);

Then just complete the Bears code in same method.

Remember, I am not a programmer. Just a few thoughts.

Wackena


Hi wackena,

I like this. See if I can incorporate this in my new testversion of Firebird.
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