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

  • #1,001
  • Aug 18, 2006 10:56am Aug 18, 2006 10:56am
That's right, Mono. The version I have running with a pipstep of 15 sometimes has a + $3,000 float. And then a news even comes along and cleans it right up and pips are booked. I'm at the point with it where I like to see a large float because I know pips are coming my way. I do worry sometimes that there are too many trades on and a margin call is coming, so defintiely want to see more of what you're doing and your thoughts on that.

Quoting mono
Its hard to say, do you close -$3000 in floats and kick yourself when the news is in your favour. Or worse still no market re-action.


The worst culprit is the GBPUSD. Of 561 trades 79 where GBPUSD of which 5 where losses.

Maybe 300 stoploss is not enough.
  • #1,002
  • Aug 18, 2006 11:01am Aug 18, 2006 11:01am
It's the exact same, just doesn't print the equity. Better to use the one posted with divergence fixed and just comment out the equity print if you don't want it. In fact, someone may have already posted that. But I'm not sure if Mono is using the one with the divergence change. You can check later, because whenever Mono posts his results he posts everything including the version he's using. Always a nice, complete post, Mono, thanks for that.

Quoting Hagbard Celine
The one I downloaded was the one that fixed divergence and it is printing the equitiy in the "experts" tab. What does it show the EA is calculating in the other versions?
  • #1,003
  • Aug 18, 2006 11:02am Aug 18, 2006 11:02am
Quoting Yardie
Or maybe we should just eliminate the GBPUSD...the risk reward ratio is poor.
Start 2 tests side by side one without GBPUSD and one with but double the stoploss to 600 and see which one is better.
Mono
  • #1,004
  • Aug 18, 2006 11:20am Aug 18, 2006 11:20am
Going through my statement GBPUSD with a stoploss of 450 would have acheived 1 loss 1 win and 3 low floats instead of 5 losses.

Anyway time to go (bedtime, after 2am here), I'll post statements when market closes
Mono
  • #1,005
  • Aug 18, 2006 11:24am Aug 18, 2006 11:24am
I must admit I stopped trading the GBPUSD over a week ago. Bigger stop loss settings make me a little nervous.

I think we have a very tidy winner here if we can just run it and let it alone. I tend to do too much messing with an EA sometimes.....

Thanks for you tremendous input Mono.
Don Life is expensive, but includes a free trip around the sun.
  • #1,006
  • Aug 18, 2006 11:26am Aug 18, 2006 11:26am
Firebird v63g demo results from Aug 1 to Aug 17. Started using Firebird v63g-TS on Aug 8. This is the EA with Trailing Stop.

At present, on 9 pairs, open orders = 12, with float of 1,424. Since Aug 1, float has ranged form 250 to 2,200. Most days float was 350 to 750.

On $5,000 deposit, present balance is 8,759 and equity is 7,335.

Have a great weekend.

Wackena
Attached File(s)
File Type: zip Firebird v63g Aug 1-17-06.zip   7 KB | 432 downloads
  • #1,007
  • Aug 18, 2006 11:55am Aug 18, 2006 11:55am
How many different copies of MT4 are you guys running simultaneously?

Is that how you are running the different setups of Firebird? What is this "magic number" I keep hearing about?

Right now, I have 3 versions of v63G running and one of CyberiaTrader (another good EA if you can get it set up right, still tinkering). It's doing ok with that but I don't want to push it as I use this computer for everything right now and I don't want it getting sluggish.
  • #1,008
  • Aug 18, 2006 12:02pm Aug 18, 2006 12:02pm
I currently have 9 mt4s running on one machine and 5 on another. Everything works well. A smattering of IBFX and FXDD.
Don Life is expensive, but includes a free trip around the sun.
  • #1,009
  • Aug 18, 2006 12:11pm Aug 18, 2006 12:11pm
stupid question coming up: I've tried setting all the various TP/SL/PS levels on each pair in a nw demo, and saved each setting as a new .set file. However the EA seems to go back to the 30-300-30 settings for every pair.

what am I doing wrong here? I want the settings to stay individual for each pair, even I switch the PC off and on again.
TRADE FOR SWAP
  • #1,010
  • Aug 18, 2006 12:22pm Aug 18, 2006 12:22pm
You need to load the new settings into the EA on each of the charts. Click on the smiley face to bring up the load screen.



Quoting cgldsmth
stupid question coming up: I've tried setting all the various TP/SL/PS levels on each pair in a nw demo, and saved each setting as a new .set file. However the EA seems to go back to the 30-300-30 settings for every pair.

what am I doing wrong here? I want the settings to stay individual for each pair, even I switch the PC off and on again.
  • #1,011
  • Aug 18, 2006 12:28pm Aug 18, 2006 12:28pm
thanks yardie I think it was because I'd compiled the EA again with a 1.0 lots instead of 0.1 (the IBFX demo is apparently a micro so the margin usage is a bit unrealistic with 0.1microlots).

there's a good discussion about being flagged by banks on the IBFX forums. If firebird does as well as suggested then we'll need tactics to stay below the radar of the banks.
TRADE FOR SWAP
  • #1,012
  • Aug 18, 2006 12:35pm Aug 18, 2006 12:35pm
Why should we be worried about the banks if we are making money legitimately? All the banks need is proof of source of funds.



Quoting cgldsmth
thanks yardie I think it was because I'd compiled the EA again with a 1.0 lots instead of 0.1 (the IBFX demo is apparently a micro so the margin usage is a bit unrealistic with 0.1microlots).

there's a good discussion about being flagged by banks on the IBFX forums. If firebird does as well as suggested then we'll need tactics to stay below the radar of the banks.
  • #1,013
  • Aug 18, 2006 12:53pm Aug 18, 2006 12:53pm
Can i ask a quick question regarding EAs, maybe some of you have some insight? I always hear people talking about a broker will never allow an EA account to be successfull etc. So if you have an EA that's really profitable they'll sabotage you somehow or not allow you to trade. And cgldsmth's comment above made me think about this again.

Is there any truth to this? Don't brokers make money on each of your trades regardless whether it's a winner or a loser? For example, say all of us start trading Firebird and it makes good consistent profits, why would IBFX shut us down or manipulate prices to make it a loser? The more we trade the more money the broker makes right?

Any thoughts about this?
  • #1,014
  • Aug 18, 2006 12:57pm Aug 18, 2006 12:57pm
You need to trade with an ECN-type broker to avoid trade interference. Dealing desk brokers will constantly re-quote you and stall. An ECN broker usually charges a commission per lot, but that's a small price to pay for no interference.

Quoting moneybags
Can i ask a quick question regarding EAs, maybe some of you have some insight? I always hear people talking about a broker will never allow an EA account to be successfull etc. So if you have an EA that's really profitable they'll sabotage you somehow or not allow you to trade. And cgldsmth's comment above made me think about this again.


Is there any truth to this? Don't brokers make money on each of your trades regardless whether it's a winner or a loser? For example, say all of us start trading Firebird and it makes good consistent profits, why would IBFX shut us down or manipulate prices to make it a loser? The more we trade the more money the broker makes right?

Any thoughts about this?
  • #1,015
  • Aug 18, 2006 12:59pm Aug 18, 2006 12:59pm
Quoting BenQ
You need to trade with an ECN-type broker to avoid trade interference. Dealing desk brokers will constantly re-quote you and stall. An ECN broker usually charges a commission per lot, but that's a small price to pay for no interference.

What ECN's use MT4?
  • #1,016
  • Aug 18, 2006 1:19pm Aug 18, 2006 1:19pm
I don't think trading 0.1 lots per trade that any broker will have problems, especially since we are not scalping. Some of the trades are actually quite lengthy.

Now, when our account gets to 500,000 and we start trading 10 lots per trade, they might start noticing then...... but I'll cross that bridge when I come to it.
Don Life is expensive, but includes a free trip around the sun.
  • #1,017
  • Aug 18, 2006 1:40pm Aug 18, 2006 1:40pm
Quoting traderone
I don't think trading 0.1 lots per trade that any broker will have problems, especially since we are not scalping. Some of the trades are actually quite lengthy.

Now, when our account gets to 500,000 and we start trading 10 lots per trade, they might start noticing then...... but I'll cross that bridge when I come to it.
I just read up a little bit about having your account "flagged".
Like mentioned above this mostly happens to scalpers because their trades can last less than 1 minute. So the bank that your broker uses does not like loaning its money for you to leverage (especially if the trade is many lots) for a trade that lasts 45 seconds. So then your account can get flagged and you're not able trade as freely.
If we're placing a few trades a day and they last hours sometimes days, it shouldn't cause any problems. If we all grow our accounts to such a point where we have to trade 10 reg. lots then we might have some issues when trying to fill our orders..... That's when you open up multiple accts with other brokers and split your account.
  • #1,018
  • Aug 18, 2006 3:51pm Aug 18, 2006 3:51pm
Hey guys let's continue our Firebird discussion here : http://www.forexfactory.com/forexfor...ead.php?t=7200

  • #1,019
  • Aug 18, 2006 5:16pm Aug 18, 2006 5:16pm
End of Week 9 and firebird is at 392-10
Attached File(s)
File Type: zip Firebird 30-300.zip   28 KB | 473 downloads
Mono
  • #1,020
  • Aug 18, 2006 5:22pm Aug 18, 2006 5:22pm
After 3 weeks of testing Firebird Ind win/loss is at 518/7

Pips booked = 9085

Floats = -$1736

Have a great weekend
Attached File(s)
File Type: zip Firebird Ind.zip   25 KB | 592 downloads
Mono
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