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

  • #801
  • Aug 10, 2006 9:42am Aug 10, 2006 9:42am
I have pipstep 30 but the pipstep doesnt appear to be working. New orders are not being opened.

Quoting BenQ
Yardie, what pipstep are you going to use?
  • #802
  • Aug 10, 2006 11:29am Aug 10, 2006 11:29am
Quoting cgldsmth
Will stick with TF M1 and 63G. haven't decided on cable yet though. All losses eradicated today.
At this point I'm not entertaining the idea of running this EA on a live account without manual intervention occasionally. With that in mind, cable would be awfully profitable if we could determine when to turn it on and off... Of course, that really is the "holy grail" I guess. ;-)
  • #803
  • Aug 10, 2006 1:44pm Aug 10, 2006 1:44pm
I think Mono's earlier suggestion of closing all trades at the end of the month and then starting again after the first week may be a good option.
Attached File(s)
File Type: zip DetailedStatement.zip   8 KB | 336 downloads
TRADE FOR SWAP
  • #804
  • Aug 10, 2006 2:47pm Aug 10, 2006 2:47pm
TS Version .... Mine is not working either.

Mine just has .... double CurrentPipStep; is that wrong?

Should it be .....double CurrentPipStep= 30; ??? When you have a version that actually works ... please post it. My origional one did work, but not the Firebird v0.63G-TS

Quoting Yardie
I have pipstep 30 but the pipstep doesnt appear to be working. New orders are not being opened.
  • #805
  • Aug 10, 2006 3:16pm Aug 10, 2006 3:16pm
Hi there guys

I have tested Firebird since July and finetune it for August for GBP USD only...i think wackena and mono settings is great! Great work Trader Seven & Hendrik!!

Rite now i am only testing on GBP USD pair.
1 minute chart
TP 10 pips
Lot size 0.2
Account Value 1000USD 1:100 Leverage
Use Divergence is False
Percentage set to 0.05
The rest i would say i follow mono settings.

Time setting i havent adjusted on the system yet..but best time to open trade is 1100EST - 0200 EST which i do it manually and close all positions before 0430 EST or London Open 0300 EST.

My strategy is small pips size but big lot size and i select GBP USD because they hit my pip size fast. I hope you guys can try on the other currency and give some feedback.

I do not open my trades 24 hours because of the whipping by news announcement mainly 430 EST to 1000 EST. NO Trades during these hours.
I will also not open any trades if i know there special announcement like the interest rate announcement by FOMC at 1400 EST few days back and also if Mr Bernanke Speaks..Hehe..i only open my trades 30 minutes to 1 hour after the last major news in USA for the day..

What i will do is I will open my trades after 1030 EST (after the usual USA news announcement at 1000 EST) and close my positions before any news announcements in UK at 430EST or earlier at 0300 EST.

If u look at my results, i got whipped today by the trade deficit news which was announce 830 EST. I went in at 930 EST and got whipped really hard...Did the data came out late at 930 EST????

I did observe the whipping and if i were on a live account, then i would have hit margin call....

So after today's whipping, I will now onli open my firebird after 1100 EST.

So far on average, 4-8 trades closed per day (40-80 pips) a day.

Is there anyway to restrict opening order to only 1 position?

What i observe lately is when my account balance is getting larger..it will open 2 or extra positions..isit something to do with my percentage?
Attached File(s)
File Type: zip automan.zip   8 KB | 367 downloads
  • #806
  • Aug 10, 2006 3:40pm Aug 10, 2006 3:40pm
Quoting ut2DaMax
TS Version .... Mine is not working either.

Mine just has .... double CurrentPipStep; is that wrong?

Should it be .....double CurrentPipStep= 30; ??? When you have a version that actually works ... please post it. My origional one did work, but not the Firebird v0.63G-TS
The CurrentPipStep is not an input variable and is only used in PiPStep calculations if "IncreasementType" is greater than 0.

The PipStep is set via the EA chart properties or in the code at the line "extern double PipStep = 30;". I'm running TS version on 2 demos and 1 Live accounts and all are working OK. It places PipStep orders and the Trailing Stop has closed orders with profit. I don't know why your EA is not working.

I do see Firebird original and TS placing Hedge type orders. So far, no problem. But, I've been testing Firebird for 3 months and never had this happen. Why now. It's a mystery to me.

Wackena
  • #807
  • Aug 10, 2006 4:04pm Aug 10, 2006 4:04pm
Quoting automan
Hi there guys

I have tested Firebird since July and finetune it for August for GBP USD only...i think wackena and mono settings is great! Great work Trader Seven & Hendrik!!

Rite now i am only testing on GBP USD pair.
1 minute chart
TP 10 pips
Lot size 0.2
Account Value 1000USD 1:100 Leverage
Use Divergence is False
Percentage set to 0.05
The rest i would say i follow mono settings.

snip
So far on average, 4-8 trades closed per day (40-80 pips) a day.

Is there anyway to restrict opening order to only 1 position?

What i observe lately is when my account balance is getting larger..it will open 2 or extra positions..isit something to do with my percentage?
Automan,

I believe that Skyline discovered an important detail for the rest of us. The actual settings for EURUSD and GBPUSD are found later in the script in a special section and are nothing like what you think you are using. I believe the percent setting is 0.25 and the Pipstep is only5. Refer back to Skyline's last post where he details this discovery. You can edit it in the script if you wish down to 0.05 or .1 like most of us use.

I like what you are doing here. A good combination of manual and automatic trading. Just about Grail time I would say ;-)
Don Life is expensive, but includes a free trip around the sun.
  • #808
  • Aug 10, 2006 4:14pm Aug 10, 2006 4:14pm
does the code tailored to individual pairs override my inputs on the trading platform?
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  • #809
  • Aug 10, 2006 5:16pm Aug 10, 2006 5:16pm
Yes cgldsmth. For the pairs that are not commented out.

The ones affected in my copy of Firebird v63G are the EURUSD, GBPUSD, and EURCHF. Look for the lines that begin after "Void" in your metaeditor.
Lines beginning with // are "commented out" and not active. But the percent and pipstep figures and being changed from the global settings. I didn't find this section in my copy of Firebird_H.

Here is a clip from the section I'm talking about:

void SetupGlobalVariables()
{

switch(MagicNumber) {// included by Renato
case 26910: // EURUSD,M30 // optmized 06/03/20
// MA_length=18; // George's setting
// MA_timeframe=30;
// MAtype=0;
Percent=0.15; // George's setting
TradeOnFriday=1;
slip=100;
// Lots=0.05;
// TakeProfit=30; // George's setting
// Stoploss=300;
PipStep=5;
IncreasementType=0.0;
DVLimit = 8; // included by Renato
OpeningHour = 6; // included by Renato
ClosingHour = 14; // included by Renato
break;
case 25803: // GBPUSD,M30
// MA_length=18;
// MA_timeframe=30;
// MAtype=0;
Percent=0.25;
TradeOnFriday=1;
slip=100;
// Lots=0.05;
// TakeProfit=30;
// Stoploss=100;
PipStep=5;
IncreasementType=0.0;
DVLimit = 8; // included by Renato
OpeningHour = 7; // included by Renato
ClosingHour = 15; // included by Renato
Don Life is expensive, but includes a free trip around the sun.
  • #810
  • Aug 10, 2006 5:18pm Aug 10, 2006 5:18pm
Wackena I dont think the Trailing Stop Feature is working in your updated EA. I had a USDJPY position which was within 10 pips of its 60 pip TP. Now its only 12 pip and the TS didnt kick in to lock in the pips. I have the TS at 35. Am I doing something wrong?


Quoting wackena
The CurrentPipStep is not an input variable and is only used in PiPStep calculations if "IncreasementType" is greater than 0.

The PipStep is set via the EA chart properties or in the code at the line "extern double PipStep = 30;". I'm running TS version on 2 demos and 1 Live accounts and all are working OK. It places PipStep orders and the Trailing Stop has closed orders with profit. I don't know why your EA is not working.

I do see Firebird original and TS placing Hedge type orders. So far, no problem. But, I've been testing Firebird for 3 months and never had this happen. Why now. It's a mystery to me.

Wackena
  • #811
  • Aug 10, 2006 5:31pm Aug 10, 2006 5:31pm
Quoting Yardie
Wackena I dont think the Trailing Stop Feature is working in your updated EA. I had a USDJPY position which was within 10 pips of its 60 pip TP. Now its only 12 pip and the TS didnt kick in to lock in the pips. I have the TS at 35. Am I doing something wrong?
Yardie,

Do a backtest and then check the Results tab and see if some orders are being modified. If TS is working, you will see modified orders.

Wackena
  • #812
  • Aug 11, 2006 2:25am Aug 11, 2006 2:25am
Quoting moneybags
Hey Skyline,

I'm not that familiar with MT4 code, so are you saying that the code is overriding the setting so that these currency pairs are always traded on the 30min TF? Or are you saying that if you set them to the 30M then the other settings are being overriden?

Sorry, I dunno if that makes sense....
I think that if you use TF30 then default settings is override only for that pairs written in EA code.
  • #813
  • Aug 11, 2006 4:01am Aug 11, 2006 4:01am
I think the next step in the development of this EA will be to set individual settings for each pair, along with TFs and hours traded. I await to hear about Mono's settings trial.
TRADE FOR SWAP
  • #814
  • Aug 11, 2006 4:30am Aug 11, 2006 4:30am
Quoting traderone
Automan,

I believe that Skyline discovered an important detail for the rest of us. The actual settings for EURUSD and GBPUSD are found later in the script in a special section and are nothing like what you think you are using. I believe the percent setting is 0.25 and the Pipstep is only5. Refer back to Skyline's last post where he details this discovery. You can edit it in the script if you wish down to 0.05 or .1 like most of us use.

I like what you are doing here. A good combination of manual and automatic trading. Just about Grail time I would say ;-)

Thanks traderone for your feedback.
I tested with another account yesterday for cable [1100 EST - 0300 EST]
7 positions open and closed.
70 pips. 0.2 lots. Profit $140.

My weekly target is only 200 pips.

by the ways, whats the difference if u set percent setting from 0.05 to 0.25?

what happens if we reduce pip size from 30 to 5?

is there anyway i can edit firebird so that it can open only 2 trades the most at one time? this is to avoid margin call.
  • #815
  • Aug 11, 2006 4:42am Aug 11, 2006 4:42am
+586 pips starting 1 Aug 2006
20 wins - 0 loss

...and a lot of trades wasn't opened due to bug on divergence calculation on EURJPY,USDJPY,... (pairs with 2 decimal digits), i will try to fix it

Testing with default settings 30-300, TF30
Attached File(s)
File Type: zip Statement_11Aug2006.zip   7 KB | 398 downloads
  • #816
  • Aug 11, 2006 5:04am Aug 11, 2006 5:04am
Great but your floating loss is about 1/3rd of your book pips at the moment.



Quoting skyline
+586 pips starting 1 Aug 2006
20 wins - 0 loss

...and a lot of trades wasn't opened due to bug on divergence calculation on EURJPY,USDJPY,... (pairs with 2 decimal digits), i will try to fix it

Testing with default settings 30-300, TF30
  • #817
  • Aug 11, 2006 6:03am Aug 11, 2006 6:03am
Quoting Yardie
Great but your floating loss is about 1/3rd of your book pips at the moment.
Yes this is first time since i started to test EA that i have so high floating loss , well let's see if they will turn into wins trade

I fixed EA divergence issue for following pairs :

USDJPY
EURJPY
CHFJPY
AUDJPY
CADJPY
NZDJPY
GBPJPY

so now it should enter trades for this pairs more frequently.
I also fixed my divergence indicator.
Attached File(s)
File Type: zip Divergence_v11.zip   < 1 KB | 448 downloads
File Type: zip Firebird v63G_fixed.zip   7 KB | 527 downloads
  • #818
  • Aug 11, 2006 9:16am Aug 11, 2006 9:16am
Hi Guys

Well i'm back, lots of catching up to do. Anyway lets get stuck into in.

First of all, my individual settings are -

EUR/USD TP=22 SL=220 PIPSTEP=22 Daily Avg Range = 110
GBP/USD TP=30 SL=300 PIPSTEP=30 Daily Avg Range = 150
USD/CHF TP=25 SL=250 PIPSTEP=25 Daily Avg Range = 125
EUR/JPY TP=21 SL=210 PIPSTEP=21 Daily Avg Range = 105
USD/JPY TP=20 SL=200 PIPSTEP=20 Daily Avg Range = 100
USD/CAD TP=21 SL=210 PIPSTEP=21 Daily Avg Range = 105
AUD/USD TP=16 SL=160 PIPSTEP=16 Daily Avg Range = 80
EUR/CHF TP=10 SL=100 PIPSTEP=10 Daily Avg Range = 50
EUR/GBP TP=9 SL=90 PIPSTEP=9 Daily Avg Range = 45
AUD/JPY TP=15 SL=150 PIPSTEP=15 Daily Avg Range = 75

Also trialling a modified firebird which, switches from standand mode to a trend mode, trend mode also closes trades that are going against the trend, other features included are trades expire after 7 days, closing all trades before upcoming news events, and trading pair limit setting. Hopefully floats will be under a bit more control.

Will also (when time permits) code a news event handler, which will place hedge trades 1 or 2 min before a event, that should be fun.

I noticed that the markets being up and down like a yoyo, while Ive been away. My floats are way down to -1200 and profits up. After a crappy week last week, we are at 348-10 as of now, 9 are GBPUSD, and 1 EURJPY which has been around for nearly 8 weeks ( costing me a fortune in swaps).

I figure the next 2-3 weeks to be very profitable, until end of month comes around.

Will post week 8 results after market closes.
Mono
  • #819
  • Aug 11, 2006 9:26am Aug 11, 2006 9:26am
Skyline,

Did the Divergence Issue affect all chart settings or just the 30 minute chart?

Quoting skyline
Yes this is first time since i started to test EA that i have so high floating loss , well let's see if they will turn into wins trade

I fixed EA divergence issue for following pairs :

USDJPY
EURJPY
CHFJPY
AUDJPY
CADJPY
NZDJPY
GBPJPY

so now it should enter trades for this pairs more frequently.
I also fixed my divergence indicator.
  • #820
  • Aug 11, 2006 9:28am Aug 11, 2006 9:28am
Quoting Yardie
Skyline,

Did the Divergence Issue affect all chart settings or just the 30 minute chart?
Divergence bug only affects jpy pairs
Mono
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