Firebird EA - fixed version -

Quoting wackena

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...Attached is v1.0b3 with following changes.

1. UseHedge- If=true, the hedge order is placed when pipstep step order is triggered. Separate inputs for HedgeTakeProfit & HedgeStoploss.
if=false, EA is v1.0a.

...Wackena

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Quoting accrete

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Hi all. I don't know how any of your testing went today, but wow, what an eye opener for me. EURJPY really nailed the ol'demo test today. Several trades were stopped out and closed for -150 pips each. I am wondering if there might be a way to let the hedges run the distance? Or maybe i mised this thought/post and it's been discussed before?

What would happen if there were a trailing stop placed in the hedge version on both trades? I have no idea if i'm even thinking proper, but one might think that moving the hedge by XX pips each XX pip move against the original entry would help with some of the losses. . . then basicaly this system might include some sort of stop and reverse type intellegence. . . if all this is lame, just write it off as the rambles of a guy who spent the holiday looking at charts and currency books.

; ) Thom



a PS after reading the below post. my v1c (one of the many tests running) is at -740 with 26 open trades and closed 25 trades (2 of them the EURJPY at -240 pips) with at a whopping +14 pips up.

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Quoting chad

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i've been running 1.0c on my live account since sunday,


until now, it has -650 pips floating, and only +154pips closed,

alert message of 'excessive loss' keeps popping out.. what do i do now ?????

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Quoting Panjan

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Thank you, spartan.
If I understand you correctly, the TP will be changing everyday according to daily average ranges, am i right?

If I want to be fixed, what shall i do?

Thanks again.

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Quoting wackena

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I been reading the posts about possible changes to the v1.0b (Hedge) EA.

Attached is v1.0b3 with following changes.

1. UseHedge- If=true, the hedge order is placed when pipstep step order is triggered. Separate inputs for HedgeTakeProfit & HedgeStoploss.
if=false, EA is v1.0a.

2.UseDayClose- If true, CloseLoosingTrades subroutine is activated to close loosing orders below input LossLevel on DayClose (0-sun, 1=mon, 2=tues, 3=wed, 4=thurs. 5=fri) and DayHour (LocalTime). For those that want to close loosing orders on Friday or before news events. To close all orders, LossLevel should be 5 pips above TakeProfit or HedgeTakeProfit setting (whichever is highest).

3. OpenOrders- Max open orders per currency pair. To trade as v1.0a, set this to 10.

Wackena

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Quoting stockwet

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It seems like the last few pages of the thread has focused on the 63G versions. I've got a test running comparing 1c1 to 1b2. I have the same pairs/settings for each and it seems like the 1c1 version did a much better job both logging pips and keeping float down. Today alone I logged 455 pips on 1c1 vs 300 pips on 1b2. I think it has to do with the auto TP and SL calculations on 1c1 getting you out of trades sooner.

So, my question is, is it now recommended to not use these versions and go with the 63g versions? Or, is it just that we haven't heard recently from those people (with the exception of Chad and the new 1b3 posts) working on the 1b2 and 1c versions?

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Quoting A1Cruiser

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Hi Accrete,

I still think the main issue concerning v1.0b2 version is that it places market orders so one half of the hedge always remains. Mainly in trending market the remaining half causes heavy float then losses in worse cases, I mean if the trend is strong.

My earlier posts regarding this issue where I detailed my idea:
http://www.forexfactory.com/forexfo...3&postcount=510
http://www.forexfactory.com/forexfo...5&postcount=522
http://www.forexfactory.com/forexfo...6&postcount=525
http://www.forexfactory.com/forexfo...1&postcount=535

My point is that pending orders would be more advantageous than market orders because this way the EA would put orders only to the trend direction.

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Quoting 1trader2

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Accrete, et al

As I also said before, I agree with this approach and think it's worth pursuing with V1.0b2. Maybe we could call it V 1.0b3.

I also have another thought on this but with an earlier version. Hendrick in post #258 & #260 @ http://www.forex-tsd.com/expert-advi...d-v63g-26.html created Firebird v63H (with a correction in post 260) to v63H02. This may have also been posted @ FF as well, but I don't know where. Anyway, as is explained in the post quote:

"This setting is based on the idea that Firebird is doing well in a flat market, but could go wrong when the market gets volatile. The indicator (Firebirdv63H_IND) gives you an idea how this function works (you don’t need to attach this indicator to your charts for Firebirdv63H to work). The indicator is quite simple: it takes the values of the built-in indicators “ Bulls Power” and “ Bears Power” and adds them together. When these powers are in balance it’s safe to trade. When Bulls or Bears get the upper hand their sum crosses a certain level (until now I think levels of 40 and -40 works well) and Firebird isn’t allowed to place trades."

My understanding of this is that its' purpose is to prevent trades in volatile markets. My idea is to use this idea in conjunction with V1.0b2 while combining it with hedging orders but leaving them as pending orders to be cancelled once the trend is established. The "Safe Area" prevents orders during volatility and the "pending orders" go with the trend and are entered or their hedges are cancelled.

Any thoughts on this. Anyone willing to program something like this...? Wakena, what do you think?

1Trader2

P.S. V 63H02 as well as the Firebird Safe Indicator are posted on the above web site.

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Quoting traderone

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Thanks for your report 1Trader2. I too had good success with FB H02, even with somewhat changed settings similar to Mono's IND settings.

However, this morning I still went live with FB v1.0a with slightly modified settings on two pair only. Still, I'm thinking H02 might be even better.

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Quoting Panjan

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Traderone,

Where can we get the version H02...

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Quoting traderone

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Thanks for your report 1Trader2. I too had good success with FB H02, even with somewhat changed settings similar to Mono's IND settings.

However, this morning I still went live with FB v1.0a with slightly modified settings on two pair only. Still, I'm thinking H02 might be even better.

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Quoting Yardie

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I have been gettign a similar result as well. I am nto sure why Stockwet is getting a completely different result.

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Quoting spartan

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I'm running v1c1 too and not doing that well, yesterday with U/J and Today with G/U. Float on G/U approaching 700 pips right now.

What are your settings, Stockwet?

My settings are 0.1% on 30 min chart (changed from 1m chart last night).
Are you doing anything vastly different from other people here?

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Quoting stockwet

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Maybe I spoke to soon. I woke up today and found some pretty serious negative float on 1c. Here's what I'm testing:

eurusd, 1m, .05%
usdchf, 1m, .05%
eurjpy, 1m, .07%
eurgbp, 1m, .07%
eurchf, 1m, .1%
usdcad, 5m, .1%
audusd, 5m, .1%

I like the concept of having these on higher timeframes, so, I might start a test on 15m charts. I haven't analyzed which pairs are performing best/worst, yet. I don't think the last couple of days have been normal conditions, particularly with the EUR.

Also, I couldn't find the H02 version. Can someone point me to it, or, did I miss a post somewhere?

Thanks.

stockwet

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Quoting stockwet

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Maybe I spoke to soon. I woke up today and found some pretty serious negative float on 1c.
stockwet

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