Since firebird give a lot of good trades why not just eliminate the pipstep altogether. At least that should get rid of the "adding to losers" flaw. This seems to be the main weakness.
Just an oppinion.
Wiz.
Just an oppinion.
Wiz.
.
This is a new version of Firebird (Firebirdv63H) with 9 new settings:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o>
<o></o>
SafeArea<o></o>
<o></o>
This setting is based on the idea that Firebird is doing well in a flat market, but could go wrong when the market gets volatile. The indicator (Firebirdv63H_IND) gives you an idea how this function works (you don’t need to attach this indicator to your charts for Firebirdv63H to work). The indicator is quit simple: it takes the values of the built-in indicators “ Bulls Power” and “ Bears Power” and adds them together. When these powers are in balance it’s safe to trade. When Bulls or Bears get the upper hand their sum crosses a certain level (until now I think levels of 40 and -40 works well) and Firebird isn’t allowed to place trades.<o></o>
<o></o>
TradeFrom1 <o></o>
TradeUntil1 <o></o>
TradeFrom2<o></o>
TradeUntil2<o></o>
TradeFrom3<o></o>
TradeUntil3<o></o>
TradeFrom4<o></o>
TradeUntil4<o></o>
<o></o>
I’ve dropped EDEA because it is easier to incorporate the same idea in Firebird itself. You have now the ability to set four times a day that Firebird is allowed to place trades. These are local times and not the server times. If you want Firebird to trade from 8:00 AM until 11:00 PM use the following settings:<o></o>
<o></o>
TradeFrom1=8 <o></o>
TradeUntil1=23<o></o>
<o></o>
Use a “<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:metricconverter ProductID="0”" w:st="on">0”</st1:metricconverter> for the rest of the settings. <o></o>
<o></o>
Indicator:<o></o>
You can use several settings within the indicator:<o></o>
<o></o>
PC = Price Constants<o></o>
<o></o>
1 = Open price<o></o>
2 = High price<o></o>
3 = Low price.<o></o>
4 = Median price, (high+low)/2.<o></o>
5 =Typical price, (high+low+close)/3<o></o>
6 = Weighted close price, (high+low+close+close)/4.<o></o>
<o></o>
TF=TimeFrame<o></o>
<o></o>
<o></o>
></o><o
></o>SafeArea<o
></o><o
></o>This setting is based on the idea that Firebird is doing well in a flat market, but could go wrong when the market gets volatile. The indicator (Firebirdv63H_IND) gives you an idea how this function works (you don’t need to attach this indicator to your charts for Firebirdv63H to work). The indicator is quit simple: it takes the values of the built-in indicators “ Bulls Power” and “ Bears Power” and adds them together. When these powers are in balance it’s safe to trade. When Bulls or Bears get the upper hand their sum crosses a certain level (until now I think levels of 40 and -40 works well) and Firebird isn’t allowed to place trades.<o
></o><o
></o>TradeFrom1 <o
></o>TradeUntil1 <o
></o>TradeFrom2<o
></o>TradeUntil2<o
></o>TradeFrom3<o
></o>TradeUntil3<o
></o>TradeFrom4<o
></o>TradeUntil4<o
></o><o
></o>I’ve dropped EDEA because it is easier to incorporate the same idea in Firebird itself. You have now the ability to set four times a day that Firebird is allowed to place trades. These are local times and not the server times. If you want Firebird to trade from 8:00 AM until 11:00 PM use the following settings:<o
></o><o
></o>TradeFrom1=8 <o
></o>TradeUntil1=23<o
></o><o
></o>Use a “<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:metricconverter ProductID="0”" w:st="on">0”</st1:metricconverter> for the rest of the settings. <o
></o><o
></o>Indicator:<o
></o>You can use several settings within the indicator:<o
></o><o
></o>PC = Price Constants<o
></o><o
></o>1 = Open price<o
></o>2 = High price<o
></o>3 = Low price.<o
></o>4 = Median price, (high+low)/2.<o
></o>5 =Typical price, (high+low+close)/3<o
></o>6 = Weighted close price, (high+low+close+close)/4.<o
></o><o
></o>TF=TimeFrame<o
></o><o
></o><o
></o>
Hey Hendrick. If I want the EA to trade 24 hours do I leave all the settings at 0?
Is the Safearea setting configurable? I would like it to be -50 + 50 instead.
Thanks for all your efforts!
Is the Safearea setting configurable? I would like it to be -50 + 50 instead.
Thanks for all your efforts!
This is a new version of Firebird (Firebirdv63H) with 9 new settings:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
<o
SafeArea<o
<o
This setting is based on the idea that Firebird is doing well in a flat market, but could go wrong when the market gets volatile. The indicator (Firebirdv63H_IND) gives you an idea how this function works (you don’t need to attach this indicator to your charts for Firebirdv63H to work). The indicator is quit simple: it takes the values of the built-in indicators “ Bulls Power” and “ Bears Power” and adds them together. When these powers are in balance it’s safe to trade. When Bulls or Bears get the upper hand their sum crosses a certain level (until now I think levels of 40 and -40 works well) and Firebird isn’t allowed to place trades.<o
<o
TradeFrom1 <o
TradeUntil1 <o
TradeFrom2<o
TradeUntil2<o
TradeFrom3<o
TradeUntil3<o
TradeFrom4<o
TradeUntil4<o
<o
I’ve dropped EDEA because it is easier to incorporate the same idea in Firebird itself. You have now the ability to set four times a day that Firebird is allowed to place trades. These are local times and not the server times. If you want Firebird to trade from 8:00 AM until 11:00 PM use the following settings:<o
<o
TradeFrom1=8 <o
TradeUntil1=23<o
<o
Use a “<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:metricconverter w:st="on" ProductID="0”">0”</st1:metricconverter> for the rest of the settings. <o
<o
Indicator:<o
You can use several settings within the indicator:<o
<o
PC = Price Constants<o
<o
1 = Open price<o
2 = High price<o
3 = Low price.<o
4 = Median price, (high+low)/2.<o
5 =Typical price, (high+low+close)/3<o
6 = Weighted close price, (high+low+close+close)/4.<o
<o
TF=TimeFrame<o
<o
<o