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Firebird EA - fixed version -

  • #361
  • Aug 26, 2006 4:46pm Aug 26, 2006 4:46pm
Hello Firebirders,

I have finally read all the posts in all the forums for Firebird and Phoenix. Let me say Fantastic work on the EA's. I have loaded and installed FB 63G and Mono's C variation. I only let the C version run for a few days and it booked quite a few pips.

On reading all the treads, I noticed that one of the big worries is trading on News days. I know that The set up is on the 1 min chart with the MA of 30. It caught my notice that several people avoided the losses on the news were on the 30 min charts. What would the ramifications be if you switched to the 30min form the 1 min on the news day then back. I am not a coder and since I have other obligations for my time that I can not spend a lot of time on back testing, so please accept this humble observation and idea. I hope it has merit.

Labrat407
  • #362
  • Aug 26, 2006 5:25pm Aug 26, 2006 5:25pm
Quoting Labrat407
Hello Firebirders,

I have finally read all the posts in all the forums for Firebird and Phoenix. Let me say Fantastic work on the EA's. I have loaded and installed FB 63G and Mono's C variation. I only let the C version run for a few days and it booked quite a few pips.

On reading all the treads, I noticed that one of the big worries is trading on News days. I know that The set up is on the 1 min chart with the MA of 30. It caught my notice that several people avoided the losses on the news were on the 30 min charts. What would the ramifications be if you switched to the 30min form the 1 min on the news day then back. I am not a coder and since I have other obligations for my time that I can not spend a lot of time on back testing, so please accept this humble observation and idea. I hope it has merit.

Labrat407
I think Mono explained somewhere that the news isn't what causes the problem, it's the open positions. They could be a week, two weeks old or more. You can't get rid of this without destroying profitability and probably the probability of it even working. It's inherent to the function of Firbird. It could probably just as easily go for you as against you, so I see no reason to change it during the news. Is there something I'm missing?

You have to be willing to accept drawdowns in any system, but even more so in an entirely mechanical automated system. These drawdowns really only seem to signal "Profit!, Straight ahead!" to me. I think in the other thread someone described how to envision Firebird as something that takes advantage of the markets tendency to return to average, - like a stretched rubber band - the further off it is, the harder it will snap back. And snag profit along the way.

Just to clarify Labrat, I'm not neccessarily directly addressing you, but the situation in general. Just don't want to come off preachy.
  • #363
  • Aug 26, 2006 5:31pm Aug 26, 2006 5:31pm
Hi Guys,

Can someone please tell me which version of firebird is the best so far and please can you post the latest modified verison. I want to forward test it

Thanks
Babar
  • #364
  • Aug 26, 2006 5:41pm Aug 26, 2006 5:41pm
We have seen enough success from Firebird in several incarnations to warrent conducting some more standardized testing.

We need to come up with all the different combinations of versions and settings that have been successful already, and those we deduce may be even more profitable still.

We need to get people that can allow the EA to run untouched, 24 hrs a day from market open to close. After the variables are agreed to this pool of testers will be assigned a few (how ever many that they can handle, though will probably want to try and keep this number as low as possible, depends on the number of participants) differents combinations. Using the same setups accross different providers would also be neccessary as well. Hopefully there will be alot of volunteers who meet the criteria.

The difficult thing is getting this organized quickly. We need to start them all at the same time. Considering the market open in less than 24 hrs, it will be challenge to accomplish it this week, but if not, we'll have to wait another week.

Who's game?
  • #365
  • Aug 26, 2006 6:27pm Aug 26, 2006 6:27pm
Quoting mr.trader
Hi all!

I would need your help please i am running firebird live now on my mini account on IBFX. Everything seems to work good but there are no pipsteppositions opened on Yenpairs. I use version 1.A but changed the settings to monos settings (TP and SL) but with an higher pipstep. Others pairs open the mainorder and pipsteporder, but unfortunately YEN pairs dont. ANY ideas???

Thanks for your help!!!!
I am using 63G - ie. the non-fixed version and have no problems with the pip step. Have you set the EA timeframe to 30min and the charts to 1min. For some reson the pipstep has problems if the chart is 30 min rather than 1 min.

USD/JPY has indeed been the worst performer for the last few weeks.

Wiz.
  • #366
  • Aug 26, 2006 6:35pm Aug 26, 2006 6:35pm
Quoting Labrat407
Hello Firebirders,

I have finally read all the posts in all the forums for Firebird and Phoenix. Let me say Fantastic work on the EA's. I have loaded and installed FB 63G and Mono's C variation. I only let the C version run for a few days and it booked quite a few pips.

On reading all the treads, I noticed that one of the big worries is trading on News days. I know that The set up is on the 1 min chart with the MA of 30. It caught my notice that several people avoided the losses on the news were on the 30 min charts. What would the ramifications be if you switched to the 30min form the 1 min on the news day then back. I am not a coder and since I have other obligations for my time that I can not spend a lot of time on back testing, so please accept this humble observation and idea. I hope it has merit.

Labrat407
A lot of my best trading days have been news days where the market spikes. My main concern is with the open positions. I think mono and some others have mentioned this also. Once the EA has been running for about a month, then you start hitting the 300 pip stop loss. It may be wise to close all positions every few weeks to avoid this problem. This is a challenge also because some of those floating losses actually end up profitable. So as yet I am not sure how I will handle this problem. My account is up 39% in 3 weeks with a 15% floating loss at this stage. So, do I close now or wait. What is needed is consistency and discipline. That is the difficult part. If I closed now I would lose 15%, but still be up 24%. If I let it run I will get more pips but risk losing more also. So it's a bit of a dillema.

Wiz.
  • #367
  • Aug 26, 2006 6:37pm Aug 26, 2006 6:37pm
Quoting babarmughal
Hi Guys,

Can someone please tell me which version of firebird is the best so far and please can you post the latest modified verison. I want to forward test it

Thanks
Babar
I can't tell you which one is best. I am using the original 63g and doing well. I have only been testing 1b for a week so do not know how that will compare.

Wiz.
  • #368
  • Aug 27, 2006 7:52am Aug 27, 2006 7:52am
Quoting The Wizard of Oz
A lot of my best trading days have been news days where the market spikes. My main concern is with the open positions. I think mono and some others have mentioned this also. Once the EA has been running for about a month, then you start hitting the 300 pip stop loss. It may be wise to close all positions every few weeks to avoid this problem. This is a challenge also because some of those floating losses actually end up profitable. So as yet I am not sure how I will handle this problem. My account is up 39% in 3 weeks with a 15% floating loss at this stage. So, do I close now or wait. What is needed is consistency and discipline. That is the difficult part. If I closed now I would lose 15%, but still be up 24%. If I let it run I will get more pips but risk losing more also. So it's a bit of a dillema.

Wiz.
wiz,

can you please post your statement, it will be very interesting whitch pairs near the stop loss... may be i have an answer for your problem...

thank you !

mr.trader
  • #369
  • Aug 27, 2006 9:21am Aug 27, 2006 9:21am
Quoting TraderSeven
http://www.snapfiles.com/Freeware/downloader/fwzip.html

Quik zip perhaps. It's free.
Thanks TraderSeven - I hope I get the zip-thing right now!

Attached is Firebird 63G 1 minute chart with mono specific setting for each 5 pair majors. (Eur, CAD, CHF, JPY, AUD) Started with $5000 to test $1000 for each pair.

The account ran for 5 days with no loss BUT...

The free margin went into negative - now on -$567.21. That means margin call on a live account.

FB 63G was started on 22nd and looks vwery positive - woll post next weekend. 63TS also positive, although a little less than 63G.
Attached File(s)
File Type: zip weekto25.ZIP   10 KB | 436 downloads
  • #370
  • Aug 27, 2006 9:27am Aug 27, 2006 9:27am
[The difficult thing is getting this organized quickly. We need to start them all at the same time. Considering the market open in less than 24 hrs, it will be challenge to accomplish it this week, but if not, we'll have to wait another week.

Who's game?[/quote]

Count me in. We need a coordinator to take the lead...
  • #371
  • Aug 27, 2006 9:52am Aug 27, 2006 9:52am
The one that Wackena posted last week does both.



Quoting cgldsmth
Is there a fixed version yet of 1.0b that hedges long AND short?
  • #372
  • Aug 27, 2006 10:01am Aug 27, 2006 10:01am
The problem with organizing this is that people tend to test the same settings that others are havign success with (such as Mono's settings). No one wants to do their own experiments. I am not sure why people would want to demo the same settings that is already being demoed by someone else anyway.



Quoting Benna
[The difficult thing is getting this organized quickly. We need to start them all at the same time. Considering the market open in less than 24 hrs, it will be challenge to accomplish it this week, but if not, we'll have to wait another week.

Who's game?
Count me in. We need a coordinator to take the lead...[/quote]
  • #373
  • Aug 27, 2006 11:29am Aug 27, 2006 11:29am
Finally had time to review Firebird v1.0b1 to correct reason why EA was only placing hedge order on main sell orders. Attached is FB v1.0b2. This EA will placed 1 hedge order for each Buy or Sell main orders. Also to control number of open orders, this EA has input OpenOrders. This sets the number of main orders opened for each chart. Eaxmple if = 2, max open orders will range 0-4. If = 3, range will be 0-6 max open orders.

Wackena
Attached File(s)
File Type: mq4 Firebird_v1.0b2.mq4   27 KB | 632 downloads
  • #374
  • Aug 27, 2006 11:46am Aug 27, 2006 11:46am
Wackena

Looking forward to test it.
  • #375
  • Aug 27, 2006 11:50am Aug 27, 2006 11:50am
Quoting Yardie
The problem with organizing this is that people tend to test the same settings that others are havign success with (such as Mono's settings). No one wants to do their own experiments. I am not sure why people would want to demo the same settings that is already being demoed by someone else anyway.





Count me in. We need a coordinator to take the lead...
I don't think that having people using the same setttings is a bad thing, it provides confirmation of the earlier success and through a different time frame (it was started at a different period) with possibly a different broker.

I was trying to draw up something last night to detail all the different version and combinations we need to test, but realize there is no way to finish it in time for this week. We'll need to get it all done through this week to be ready for the next market open.

If everyone can help me come up with the different setups we need, I'll be glad to organize it into a list/spreadsheet to dole out to all the participants.

I think we have 4 different versions at this point, 63G -TS, 1.0a, 1.0b, and 1.0c, correct?

We'll need to test each with the 4 majors, top 6, top 8, and then 10. (Maybe even odd numbers if we have enough people testing, but this might be a little overkill).

Then we need to come up with the variables worth testing that are applicable accross all of the versions.

We need to set up variables that are specific to each version, I know that on 1.0b for example it needs to be tested with different variables to enter the hedge on. Right now I think it's at 5 pip retrace.

Then we need to have two of every combination we come up with to have one set that will reset every week and one that will be allowed to run.

I'm sure there's a lot I'm not even thinking about. This may take longer than week.

I just need help coming up with the variables to test, then I'll draw up a chart and track everyones assignments and performance.
  • #376
  • Aug 27, 2006 12:21pm Aug 27, 2006 12:21pm
Here are the results from one of the tests I'm running. This is v63G with Div. fixed run for more than 7 trading days. I run it on the 5 minute chart with TP=42 SL=240 PipStep=50. Total wins=48 Loss=1 and I've never seen the float over $1100.

It is too soon to tell with my other tests do to a lack of trades opened so far.

I am running other tests with adjusted settings for - MA_timeframe, Percent, DivergenceLimit, PipStep, and IncreasmentType.

Is anyone else testing these of other unusual settings?
Attached File(s)
File Type: zip nvwine-42-240 - 082706.zip   5 KB | 530 downloads
  • #377
  • Edited 12:43pm Aug 27, 2006 12:30pm | Edited 12:43pm
Quoting Yardie
...Count me in. We need a coordinator to take the lead...
Hey guys, I've got two domains with unlimited space, i mentioned this before but the post might have gotten passed over.

For a glimpse and what i've thrown up for a test-of-concept for a Phoenix Resource page check this link out. We can do the same for Firebird. No Strings Attached. Always Free access. No Advertising.

We can have a live Java Chat room (or similar), a trading Blog or whatever. None of this would take away from what we have here at FF w/Firebird (or Phoenix), it is just a supplement and central resource page for ease of organizing all this info.

Cheers,
Thom

Cheers,
Thom
PS, please count me in as a Beta Tester in a forward-demo of one or several of the variants. I have two PCs and several monitors to the market 24/6.
  • #378
  • Aug 27, 2006 1:29pm Aug 27, 2006 1:29pm
It would be 5 if you count the regular 63G version (Not TS).

Quoting Hagbard Celine
I think we have 4 different versions at this point, 63G -TS, 1.0a, 1.0b, and 1.0c, correct?
  • #379
  • Aug 27, 2006 1:34pm Aug 27, 2006 1:34pm
I think its a great idea. Phoenix page looks good so far too.



Quoting accrete
Hey guys, I've got two domains with unlimited space, i mentioned this before but the post might have gotten passed over.

For a glimpse and what i've thrown up for a test-of-concept for a Phoenix Resource page check this link out. We can do the same for Firebird. No Strings Attached. Always Free access. No Advertising.

We can have a live Java Chat room (or similar), a trading Blog or whatever. None of this would take away from what we have here at FF w/Firebird (or Phoenix), it is just a supplement and central resource page for ease of organizing all this info.

Cheers,
Thom

Cheers,
Thom
PS, please count me in as a Beta Tester in a forward-demo of one or several of the variants. I have two PCs and several monitors to the market 24/6.
  • #380
  • Aug 27, 2006 2:01pm Aug 27, 2006 2:01pm
Quoting Yardie
I think its a great idea. Phoenix page looks good so far too.
THX Yardie, so if this in fact is a welcomed idea, lets get the info organized that we want on the page and i can put it up straight away. I'll be back from my shift today at 7pm PT and check in here then. I'll get a test page up before work.

: ) Thom
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