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Firebird EA - fixed version -

  • #541
  • Aug 31, 2006 7:30pm Aug 31, 2006 7:30pm
What is the definition of an open trade? Is it the ones that reside on the IBFX server or does it also include the pending limits and stops?

Quoting mono
Although this wont affect some Firebird EAs, I wonder if it will affect the hedge version.

Here's the email I received.

Dear Interbank FX Customer,

We are putting into place some company policies that will directly affect your account. As of market closing on Friday Sept. 15, 2006 we will no longer allow any one account to have more than 100 open trades. If you have more than 100 open trades after this date you will not be able to open any new trades until your total open trades falls under the 100 trade limit. Your open trades will NOT be affected. You will simply receive the error message "Too Frequent Requests" if you try to open another trade
  • #542
  • Aug 31, 2006 7:49pm Aug 31, 2006 7:49pm
I've had as many as 41 open trades on one FB account.

I think they are trying to control some EAs that open tons of trades all at the same time. There are several floating around over on the yahoo metatrader group. (Farhad Crab etc.) Also there may be some grid traders that get a little unruly.

I don't believe stops and limits would construe an "open" trade however.
Don Life is expensive, but includes a free trip around the sun.
  • #543
  • Aug 31, 2006 8:53pm Aug 31, 2006 8:53pm
Hi Fellow firebirders.

Attached is my results for about 2 weeks.

I'm using demo ibfx, with version 1c, no settings changed, just plain 1c and no time settings changed etc.

I'm very excited about results, approx 2000 pips, with approx 140 pips floating, only trading micro lots so profit is not much.

I plan to go live with these 6 pairs next week with micro lots,
eur/usd usd/jpy aus/usd usd/cad usd/chf eur/chf

I'm wondering if any of the people here that are familiar with firebird can tell me if I'm missing something and shouldnt' go live yet, I plan on leaving time on default as it's been trading awesome like that, I just wonder if I'm missing something in the excitement, any comments appreciated before I go live. I figure if I can get 1000 pips up live, then I'm up and away, I have alot of room to play with, then I can just let this thing slowly build a fortune.

Will only be starting with $600 , $100 per pair, on micro

There was about 3 trades in the report that aren't firebird, just so you know.

Thanks to everyone for making this great EA.

Please give me some feedback.

Stricko
Attached File(s)
File Type: zip Report Stricko.zip   15 KB | 513 downloads
  • #544
  • Aug 31, 2006 10:29pm Aug 31, 2006 10:29pm
Stricko108

My self I think going live with Micro lots at least the first week is the way to go, since interbankfx uses two different servers on for demo and one for live, you will be able to see the difference. I recently signed up with Velocity4X they use one server for demo & live, however was only able to get 2 weeks on the demo with one extension, because of bandwdith etc. I will use them with mico lots the first week I live trade to see how everything works out.

was your demo run on the One minute chart, and you did not add any set files and just put the EA on the Chart, and your posted results reflect that?
  • #545
  • Aug 31, 2006 11:07pm Aug 31, 2006 11:07pm
Quoting smjones
What is the definition of an open trade? Is it the ones that reside on the IBFX server or does it also include the pending limits and stops?
Opening a trade is done by either buying a lot or selling a lot.
Everything else isn't counted.

100 positions is quite much.
If you are trading 100+ minilots consider playing full lots.
Besides of that I'm pretty sure that buying 12345 lots just counts as 1 open trade.
May the pips be with you.
  • #546
  • Sep 1, 2006 12:00am Sep 1, 2006 12:00am
Hi,

I'm new in this thread and im just starting to use Firebird EA. Which time frame do you use for Firebird EA?


Happy Trading!
" master your setup, master your self "
  • #547
  • Sep 1, 2006 12:03am Sep 1, 2006 12:03am
Most people are using it on the one minutes chart. It would be a good idea to invest some time into read the whole thread.



Quoting Sinar FX
Hi,

I'm new in this thread and im just starting to use Firebird EA. Which time frame do you use for Firebird EA?


Happy Trading!
  • #548
  • Sep 1, 2006 12:07am Sep 1, 2006 12:07am
Yardi,

Thanks for your reply. I will definately learn this EA.




Quoting Yardie
Most people are using it on the one minutes chart. It would be a good idea to invest some time into read the whole thread.
" master your setup, master your self "
  • #549
  • Sep 1, 2006 12:12am Sep 1, 2006 12:12am
Yes it's 1 minute charts, i just dropped the ea on, and let it go.
If it works this well, I didn't see a need to change any settings etc.
How do you find velocity4x, i've never heard of them?

Thanks


Quoting txsundevil
Stricko108

My self I think going live with Micro lots at least the first week is the way to go, since interbankfx uses two different servers on for demo and one for live, you will be able to see the difference. I recently signed up with Velocity4X they use one server for demo & live, however was only able to get 2 weeks on the demo with one extension, because of bandwdith etc. I will use them with mico lots the first week I live trade to see how everything works out.

was your demo run on the One minute chart, and you did not add any set files and just put the EA on the Chart, and your posted results reflect that?
  • #550
  • Sep 1, 2006 1:38am Sep 1, 2006 1:38am
I am posting a link to a thread about probability ratios posted by Silverpike. He may use different Firebird settings for his tests and the back testing might be suspect but the results are interesting. I need to re-read the thread after a break to better understand the whole idea.

Sorry if this seems a little off subject but someone might want to check it out. http://www.forexfactory.com/forexfor...ead.php?t=7672
  • #551
  • Sep 1, 2006 3:47am Sep 1, 2006 3:47am
Interesting thread, it seems firebird goes from a "marginally profitable" system over time under the "expectation" theory to a possibly "outstanding" one under the "sharpe rato" theory based on a win % of over 90%. To many variables for me to take it to seriously but interesting all the same.

Unfortunatly i am still without adsl so am only launching fb for a couple of hours a day, but fb is still making good returns, i am running 63g, 1b and 1c, on 5k demos even running only a couple of hours a day 63g and 1b are doing well with 1b the best, yesterday it won 10 positions, overall from the 24th of Aug it is up $1284 with float of $416 1 c doesnt like only working a couple of hours a day as it hardly does anything.

Im afraid its not very useful info but until i get my adsl back online (probebly another 3 weeks) i cant contribute any other way.
  • #552
  • Sep 1, 2006 5:01am Sep 1, 2006 5:01am
Quoting stricko108
Hi Fellow firebirders.

Attached is my results for about 2 weeks.

I'm using demo ibfx, with version 1c, no settings changed, just plain 1c and no time settings changed etc.

I'm very excited about results, approx 2000 pips, with approx 140 pips floating, only trading micro lots so profit is not much.

I plan to go live with these 6 pairs next week with micro lots,
eur/usd usd/jpy aus/usd usd/cad usd/chf eur/chf

I'm wondering if any of the people here that are familiar with firebird can tell me if I'm missing something and shouldnt' go live yet, I plan on leaving time on default as it's been trading awesome like that, I just wonder if I'm missing something in the excitement, any comments appreciated before I go live. I figure if I can get 1000 pips up live, then I'm up and away, I have alot of room to play with, then I can just let this thing slowly build a fortune.

Will only be starting with $600 , $100 per pair, on micro

There was about 3 trades in the report that aren't firebird, just so you know.

Thanks to everyone for making this great EA.

Please give me some feedback.

Stricko
i will be running 1.0c live as well.

$100 per pair ? means 0.1 lot in mini account?
  • #553
  • Sep 1, 2006 8:31am Sep 1, 2006 8:31am
Yes with mini account, micro lots are 0.1
  • #554
  • Sep 1, 2006 8:49am Sep 1, 2006 8:49am
Quoting stricko108
Yes with mini account, micro lots are 0.1
what's your strategy ??

something cross my mind. I think there's no point to hold a losing position for 1 month, what would it be if all position are to be closed at the end of each week - thus help eliminates negative swap,

any suggestions?
  • #555
  • Sep 1, 2006 9:27am Sep 1, 2006 9:27am
Just thinking out loud here.....

Why don't we just pick the best performing two pair and double the lots?

I don't see much reason to mess with stuff like EURJPY or EURCHF. I know next Tuesday I will go live with my favorite two pair only on 1.0c.

Anybody see any major flaw that I am overlooking here? Thanks.
Don Life is expensive, but includes a free trip around the sun.
  • #556
  • Sep 1, 2006 9:41am Sep 1, 2006 9:41am
Quoting traderone
Just thinking out loud here.....

Why don't we just pick the best performing two pair and double the lots?

I don't see much reason to mess with stuff like EURJPY or EURCHF. I know next Tuesday I will go live with my favorite two pair only on 1.0c.

Anybody see any major flaw that I am overlooking here? Thanks.

i think its up to you. but i think the same way. i am live now with 7 pairs but i will drop EUR/JPY AUD/USD and USD/JPY this weekend and stay with USD/CHF GBP/USD EUR/USD and USD/CAD. but i also know that this pairs are strong correlated so its maybe not the best way to trade live.

btw which pairs are your fovorites?
  • #557
  • Sep 1, 2006 10:23am Sep 1, 2006 10:23am
Hi everyone. Let me just thank you guys for all the work you are doing and sharing with the rest of us.

I have been reading both Firebird and the Phoenix threads and decided to do some tests. I started testing 1.0c yesterday with the default settings. I have had 15 trades, 13 - 0 winners and 2 are still open. I left it on right through NFP just because, and my trades came out ahead, but I'm not really giving that credence one way or the other since I just started testing this.

My question is this. On all of my trades, it is opening the orders and only setting a target price of between 11 - 14 pips. If the default is 30 pips, and it is listed as that, why is it only stopping at such a small number? I looked back over the results from other people testing, and they have trades opening with target prices of 30 pips immediately, as would be expected, so I can't assume it's because I just started demoing. Any ideas?

I'll try to upload my statement also, so you can see.

Thanks

extern int MA_length = 10;
extern int MA_timeframe = 30; // hdb did I add this ? lol
extern int MAtype = 0; //0=close, 1=HL
extern double Percent = 0.1;
extern int TradeOnFriday = 1; // >0 trades on friday
extern int slip = 100; //exits only
extern bool UseMM = 0; // Money Management - 1 = true & 0 = false
extern double Risk = 5; // percent of account equity to risk per trade
extern double Lots = 0.1; // modified by Renato
extern int TakeProfit = 30;
extern int Stoploss = 300; // total loss on all open positions in pips // modified by Renato
extern double TrailingStop = 0; // 0 = no trailing stop
extern int MaxOpenOrders = 10;
// Ron added for iFXAnalyzer
extern int Fast_Period = 23;
extern int Fast_Price = PRICE_OPEN;
extern int Slow_Period = 84;
extern int Slow_Price = PRICE_OPEN;
extern double DivergenceLimit = 0.002;
extern bool Use_V63D_Divergence = true;// 0 - Use original method for divergence, 1 - use in iFXAnalyzer
extern int PipStep = 30;//if position goes this amount of pips against you add another.
extern double IncreasementType = 0;//0=just add every PipStep, >0 =OrdersToal()^x *Pipstep
double Stopper=0;
double KeepStopLoss=0;
double KeepAverage;
double dummy;
double spread=0;
double CurrentPipStep;
int OrderWatcher=0;
  • #558
  • Sep 1, 2006 10:42am Sep 1, 2006 10:42am
Quoting SoFlPippin
Hi everyone. Let me just thank you guys for all the work you are doing and sharing with the rest of us.

I have been reading both Firebird and the Phoenix threads and decided to do some tests. I started testing 1.0c yesterday with the default settings. I have had 15 trades, 13 - 0 winners and 2 are still open. I left it on right through NFP just because, and my trades came out ahead, but I'm not really giving that credence one way or the other since I just started testing this.

My question is this. On all of my trades, it is opening the orders and only setting a target price of between 11 - 14 pips. If the default is 30 pips, and it is listed as that, why is it only stopping at such a small number? I looked back over the results from other people testing, and they have trades opening with target prices of 30 pips immediately, as would be expected, so I can't assume it's because I just started demoing. Any ideas?

I'll try to upload my statement also, so you can see.

Thanks

extern int MA_length = 10;
extern int MA_timeframe = 30; // hdb did I add this ? lol
extern int MAtype = 0; //0=close, 1=HL
extern double Percent = 0.1;
extern int TradeOnFriday = 1; // >0 trades on friday
extern int slip = 100; //exits only
extern bool UseMM = 0; // Money Management - 1 = true & 0 = false
extern double Risk = 5; // percent of account equity to risk per trade
extern double Lots = 0.1; // modified by Renato
extern int TakeProfit = 30;
extern int Stoploss = 300; // total loss on all open positions in pips // modified by Renato
extern double TrailingStop = 0; // 0 = no trailing stop
extern int MaxOpenOrders = 10;
// Ron added for iFXAnalyzer
extern int Fast_Period = 23;
extern int Fast_Price = PRICE_OPEN;
extern int Slow_Period = 84;
extern int Slow_Price = PRICE_OPEN;
extern double DivergenceLimit = 0.002;
extern bool Use_V63D_Divergence = true;// 0 - Use original method for divergence, 1 - use in iFXAnalyzer
extern int PipStep = 30;//if position goes this amount of pips against you add another.
extern double IncreasementType = 0;//0=just add every PipStep, >0 =OrdersToal()^x *Pipstep
double Stopper=0;
double KeepStopLoss=0;
double KeepAverage;
double dummy;
double spread=0;
double CurrentPipStep;
int OrderWatcher=0;
Hi,

are you trading less than 0.1 micro with IBFX (0.01 or 0.05...)?If you are that is a reason.That happened to me before.
  • #559
  • Sep 1, 2006 11:18am Sep 1, 2006 11:18am
My demo with strategybuilkderfx has suddenly stopped working. I can login OK, but the price and the charts are stuck and won't budge. Do I need to reset something? I had an extended (about one hour) cable internet disconnection today which may have had something to do with it. My demo at Northfinance is working just fine though..even after the disconnection. Already tried opening and closing to see if that would help..still no dice.
  • #560
  • Sep 1, 2006 11:20am Sep 1, 2006 11:20am
Which version are you using? If you are using version 1.0c that may have something to do with it.



Quoting SoFlPippin
Hi everyone. Let me just thank you guys for all the work you are doing and sharing with the rest of us.

I have been reading both Firebird and the Phoenix threads and decided to do some tests. I started testing 1.0c yesterday with the default settings. I have had 15 trades, 13 - 0 winners and 2 are still open. I left it on right through NFP just because, and my trades came out ahead, but I'm not really giving that credence one way or the other since I just started testing this.

My question is this. On all of my trades, it is opening the orders and only setting a target price of between 11 - 14 pips. If the default is 30 pips, and it is listed as that, why is it only stopping at such a small number? I looked back over the results from other people testing, and they have trades opening with target prices of 30 pips immediately, as would be expected, so I can't assume it's because I just started demoing. Any ideas?

I'll try to upload my statement also, so you can see.

Thanks

extern int MA_length = 10;
extern int MA_timeframe = 30; // hdb did I add this ? lol
extern int MAtype = 0; //0=close, 1=HL
extern double Percent = 0.1;
extern int TradeOnFriday = 1; // >0 trades on friday
extern int slip = 100; //exits only
extern bool UseMM = 0; // Money Management - 1 = true & 0 = false
extern double Risk = 5; // percent of account equity to risk per trade
extern double Lots = 0.1; // modified by Renato
extern int TakeProfit = 30;
extern int Stoploss = 300; // total loss on all open positions in pips // modified by Renato
extern double TrailingStop = 0; // 0 = no trailing stop
extern int MaxOpenOrders = 10;
// Ron added for iFXAnalyzer
extern int Fast_Period = 23;
extern int Fast_Price = PRICE_OPEN;
extern int Slow_Period = 84;
extern int Slow_Price = PRICE_OPEN;
extern double DivergenceLimit = 0.002;
extern bool Use_V63D_Divergence = true;// 0 - Use original method for divergence, 1 - use in iFXAnalyzer
extern int PipStep = 30;//if position goes this amount of pips against you add another.
extern double IncreasementType = 0;//0=just add every PipStep, >0 =OrdersToal()^x *Pipstep
double Stopper=0;
double KeepStopLoss=0;
double KeepAverage;
double dummy;
double spread=0;
double CurrentPipStep;
int OrderWatcher=0;
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