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

  • #581
  • Jul 27, 2006 8:17am Jul 27, 2006 8:17am
Mono, have you been watching your margin levels? Demo accounts won't close positions if the margin fails. There's no limit to the number of pipstep entries, and so open orders can be very many. I'm wondering if you've noticed at any time the potential for a margin call or automatic closure.

Quoting mono
Firebird continues on its merry way, halfway into the 6th week @ 237-1


Week1 = 1320 pips
Week2 = 1230
Week3 = 930
Week4 = 1350
Week5 = 1110
Week6 = 630 so far

Currently averaging over 1100 pips per week

I have also started to test Firebird with individual currency configuration and after 4 days, is at 58-0, using 9 currencies.

Mono
  • #582
  • Jul 27, 2006 8:32am Jul 27, 2006 8:32am
I had a margin call but was trading 0.5 lots on 10 pairs. it's been fine using 0.1 lots on 6 pairs with a 10k demo.
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  • #583
  • Jul 27, 2006 8:35am Jul 27, 2006 8:35am
Thx. I thought I had read in one of the posts that .2 lots would be okay for a 10k demo. Wat do you think?

Quoting cgldsmth
I had a margin call but was trading 0.5 lots on 10 pairs. it's been fine using 0.1 lots on 6 pairs with a 10k demo.
  • #584
  • Jul 27, 2006 1:24pm Jul 27, 2006 1:24pm
Hello MONO. I have a question. Whether you are going to go out on real. And what from experts you will use with what setings?
  • #585
  • Jul 27, 2006 2:46pm Jul 27, 2006 2:46pm
today's performance with v36G SL300 TP30.
Attached File(s)
File Type: zip Statement.zip   2 KB | 377 downloads
File Type: zip f36gmono.zip   < 1 KB | 311 downloads
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  • #586
  • Jul 27, 2006 4:51pm Jul 27, 2006 4:51pm
Quoting cgldsmth
I had a margin call but was trading 0.5 lots on 10 pairs. it's been fine using 0.1 lots on 6 pairs with a 10k demo.
Yep, I'm not surprised, Firebird requires about $1000 per pair trading 0.1 mini lots. You could of gotten away with trading 10 maybe 11 pairs at that ratio, but at 0.5 lots on a 10k demo its margin call time.

A couple of things that I do, never change setting or add pairs during trading, meaning wait for the market to close, apply your changes for the new week ahead.

The other thing is do not look at your balance when making a decision, look at your equity, then make changes on weekend.

Mono
Mono
  • #587
  • Jul 27, 2006 5:00pm Jul 27, 2006 5:00pm
Quoting BenQ
Mono, have you been watching your margin levels? Demo accounts won't close positions if the margin fails. There's no limit to the number of pipstep entries, and so open orders can be very many. I'm wondering if you've noticed at any time the potential for a margin call or automatic closure.
Nope, haven't been anywhere near a margin call, the highest float that ive seen is -$2550 (but I dont watch it all the time, could have been higher) . The other thing is that it hasn't opened more that 20 positions. I need to go through the code and check if there is restrictions.

Mono
Mono
  • #588
  • Jul 27, 2006 6:31pm Jul 27, 2006 6:31pm
Quoting Oligarh
Hello MONO. I have a question. Whether you are going to go out on real. And what from experts you will use with what setings?
I actually have. My first attempt, I got greedy, overcommitted and got margin called (byebye $180). So lesson learned, go slow and build.

I started my second attempt last week on a micro account chucked $200 in it, trading 3 pairs, with a 31-0 WL. Floats are small, profits are small, but at least I wont get margin called. Thats why I set myself rules to follow.

Mono
Mono
  • #589
  • Jul 28, 2006 1:10am Jul 28, 2006 1:10am
Good work Mono - have you tried pheonix with crazy settings yet?
And are you trading Friday's and big news days?
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  • #590
  • Jul 28, 2006 2:02am Jul 28, 2006 2:02am
Quoting mono
I actually have. My first attempt, I got greedy, overcommitted and got margin called (byebye $180). So lesson learned, go slow and build.

I started my second attempt last week on a micro account chucked $200 in it, trading 3 pairs, with a 31-0 WL. Floats are small, profits are small, but at least I wont get margin called. Thats why I set myself rules to follow.

Mono
Thank you Mono. Not so small. At you of about 45-50% income. And this only for 1 week. What tuning do you have for expert?
If farther there will be all it is so good, you will multiply the account in 2 times each month.
Did you try a different setings for every currency? And what exactly do you change in setings?
  • #591
  • Jul 28, 2006 8:44am Jul 28, 2006 8:44am
Mono, May I know your broker?
Thanks

Quoting mono
I actually have. My first attempt, I got greedy, overcommitted and got margin called (byebye $180). So lesson learned, go slow and build.

I started my second attempt last week on a micro account chucked $200 in it, trading 3 pairs, with a 31-0 WL. Floats are small, profits are small, but at least I wont get margin called. Thats why I set myself rules to follow.

Mono
  • #592
  • Jul 28, 2006 8:49am Jul 28, 2006 8:49am
Quoting BillGates
Mono, May I know your broker?
Thanks
tests are done with FXDD
Mono
  • #593
  • Jul 28, 2006 9:00am Jul 28, 2006 9:00am
I'm testing Mono's settings on another 3K Mini account trading 4 pairs (not the JPY crosses) @ .5 mini lots per trade. Currently 4-0 since 00:00GMT. I'll keep everyone posted.
  • #594
  • Jul 28, 2006 9:06am Jul 28, 2006 9:06am
Quoting AlphaPip
I'm testing Mono's settings on another 3K Mini account trading 4 pairs (not the JPY crosses) @ .5 mini lots per trade. Currently 4-0 since 00:00GMT. I'll keep everyone posted.
Alpha, you need about 20k for your size, I hope your feeling lucky.
Mono
  • #595
  • Jul 28, 2006 9:16am Jul 28, 2006 9:16am
I am trying Mono's setting with FirebirdH. It seems to be working...For some reason Phoenix is not working for me anymore.
  • #596
  • Jul 28, 2006 9:23am Jul 28, 2006 9:23am
Does FXDD provides micro account? As far as I know the minimum deposit of their mini account is $500. If you have $200 in your balance I think you will use lot size of less than 0.1 micro lot ($1000 contract) for 3 currency pairs. Please explain.

Quoting mono
tests are done with FXDD
  • #597
  • Jul 28, 2006 10:27am Jul 28, 2006 10:27am
v63G with crazy settings doing pretty good in 2 days!

BTW Phoenix with 30-300 also doing well but much bigger float.
Attached File(s)
File Type: zip DetailedStatement.zip   3 KB | 340 downloads
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  • #598
  • Jul 28, 2006 12:05pm Jul 28, 2006 12:05pm
Quoting mono
Alpha, you need about 20k for your size, I hope your feeling lucky.
Actually it's .5 MINI lots, or 5 micro lots, or 5K. However you want to word it. It should be fine.
  • #599
  • Jul 29, 2006 1:01am Jul 29, 2006 1:01am
Quoting cgldsmth
v63G with crazy settings doing pretty good in 2 days!

BTW Phoenix with 30-300 also doing well but much bigger float.
Crazy setting: Firebirdv63G with 30-300?
  • #600
  • Jul 29, 2006 6:43am Jul 29, 2006 6:43am
v63G Mono settings
Attached File(s)
File Type: zip Firebird 30-300.zip   < 1 KB | 364 downloads
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