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Firebird EA - fixed version -

  • #761
  • Sep 7, 2006 4:02am Sep 7, 2006 4:02am
Quoting altapowder
I left it at the default 30 minute period. An I set a max of 30 open orders, hoping I could contain the float.

Today was only the first day so we will see how it goes.
Altapowder,

I had imagined that you'd have buys and sells alternately with your settings without having many positions stay open too long.
Isn't that even more vulnerable than other settings in case of a strong trend?

Did you set the MaxOpenOrders at 30? If that's the case, I think it will open up to 30 orders per currency pair. Is that what you intended?

My result 3 full days into demo trading firebird is:

v1.0c1 23-1 121 pips booked with $900 in float loss (0.1 lots)
v63-TS 12-0 360 pips booked with $700 in float loss (0.1 lots)

Currently I use the major 4 plus USD/CAD and AUD/USD.
One thing I noticed now is that with v1.0c1 I have only one win and a loss (of 236 pips) with about $700 in floating loss on GBP/USD, whereas with v63-TS I have 4 wins with no loss and about $600 in floating loss.

It seems that GBP/USD pair has a tendency of going one direction for several hundred pips many times a year. Looking at 4-hour chart reveals a good example of this - a hike of 1,600 pips in about a month from April to May this year.
Like someone is doing, going with conservative setting or using a more conservative version for this pair may make more sense...but with a bit modified setting such as 50-300-50, or maybe 50-2000-50? Just kidding but it looks like it definitely deserves a different setting from other pairs'.
  • #762
  • Sep 7, 2006 4:42am Sep 7, 2006 4:42am
Quoting spartan
Thanks for sharing the info on the VPS. I am sure a lot of people would be interested in this.
I had seen your post in other thread before and got interested in it but I found that the RAM on the VPS isn't that much. If you buy a puter now, you would not put only 320mb of RAM on it for sure.
Is there any reason why it is ok to have only so much RAM on the VPS?
Please let me know. Thanks!
Well, they have to share RAM among clients. But, it's not like it's my work computer, so, I don't have a whole lot of apps running. I have 4 instances of MT4 up and running and it's using just over half the RAM with all the other processes going.

If you want full hardware resources, look into dedicated hosting, but expect to pay 3 or 4 times more.
  • #763
  • Sep 7, 2006 5:05am Sep 7, 2006 5:05am
Quoting stockwet
Well, they have to share RAM among clients. But, it's not like it's my work computer, so, I don't have a whole lot of apps running. I have 4 instances of MT4 up and running and it's using just over half the RAM with all the other processes going.

If you want full hardware resources, look into dedicated hosting, but expect to pay 3 or 4 times more.
Thanks for the info!
I was just concerned since we are so used to seeing like 1GB or 2GB of RAM on new puters of today.
  • #764
  • Sep 7, 2006 7:50am Sep 7, 2006 7:50am
Things aren't looking too good at the moment. The floating loss is huge.
  • #765
  • Edited 8:15am Sep 7, 2006 7:53am | Edited 8:15am
yep, FB dying on its knees today.

needed a higher percent.
TRADE FOR SWAP
  • #766
  • Sep 7, 2006 8:16am Sep 7, 2006 8:16am
gbpusd kills firebird today.... taking heavy losses here on my live account.
many 300 pips sl got hit. Using 15 pips pipstep means there are lots of losing 'buy' gbpusd
Can't be worse than to start firebird live in September... ouch!
  • #767
  • Sep 7, 2006 8:22am Sep 7, 2006 8:22am
I guess it is critical that you start out trading firebird at the right time. I almost pulled the trigger and started trading live, instead of demo, but I'm glad now that i didn't.

It'd be nice to get ahead of the game by 1,000 to 2,000 pips before seeing first loss if sl is set at 300.

Update on my demo as of now (3 days and 8 hours)

v1.0c1 26-4 -553pips with floating loss of $1,200(0.1 lots)
v63-TS 13-1 +90 pips with floating loss of $1,600(0.1 lots)

Well, I guess bad things DO happen to the best of EA's!
  • #768
  • Sep 7, 2006 8:31am Sep 7, 2006 8:31am
It is a sad day. I shut off Firebird on my live account about 2 hours ago. I should have shut it off at the end of last week. Well this is when I'm glad for micro lots! If things reverse now I have enough float to continue earning till next week some time. I am still ahead but if the US dollar continues to roll I'll have to close everything to still have my starting stake.

My best demo is V1.0a with PipStep=50.
  • #769
  • Sep 7, 2006 8:33am Sep 7, 2006 8:33am
Quoting humax
gbpusd kills firebird today.... taking heavy losses here on my live account.
many 300 pips sl got hit. Using 15 pips pipstep means there are lots of losing 'buy' gbpusd
Can't be worse than to start firebird live in September... ouch!
I feel for you, Humax. That sucked big time!
I hope that GBP/USD will somehow rally 300 pips soon.
  • #770
  • Sep 7, 2006 8:36am Sep 7, 2006 8:36am
I'm only trading eurusd audusd usdchf and usdcad but still got hammered by todays move. My profit on live account is almost double after 2 weeks but float is now near 40% and margin level about 150%. I fear a margin call is on its way.
TRADE FOR SWAP
  • #771
  • Sep 7, 2006 8:52am Sep 7, 2006 8:52am
Hi,

I though to give my sentiments too while watching my EA (Firebird v63g_fixed with variable settings) having major losses. Just started testing my demo account 2 days ago with $5000 - now having 5700 balance and -$2500 floating balance. Sinceraly hope there will be some way to turn this to a better EA.

Per aspera ad astra.

nchosen

forgot to mention that a margin call was also hit.
  • #772
  • Sep 7, 2006 8:55am Sep 7, 2006 8:55am
The biggest loser for me is the gbp/usd. My 3 big open orders. I should have payed attention to the ea instructions which clearly states DO NOT trade the gbp/usd! I added the nzd/usd yesterday to see how it goes. This is a different account and I'm running v63g-ts. So far the results were good except for the gbp.
  • #773
  • Sep 7, 2006 8:56am Sep 7, 2006 8:56am
I too began Firebird v1.0a this week (Tuesday).

I am fortunate I think in that I am only trading EURUSD and USDCHF on somewhat more conservative settings than some. Pipstep 16 rather than 12 and percent.1.

I am now in negative, but since I traded only .1 lot per 2000 account I still have decent margin levels. I think when starting a new EA it doesn't always go your way so it is good to be a little conservative, especially at first.

Not happy about my losses but I'm going to ride for awhile and see.

Here's an interesting fact.... my hedge (version b2) demo on 4 pair (NO GBPUSD) has lost very very little at all. Holding its own. So perhaps it might be a more useful "all weather" EA than I had thought.

Is anybody running H02 through this storm? How is it doing?
Don Life is expensive, but includes a free trip around the sun.
  • #774
  • Sep 7, 2006 9:12am Sep 7, 2006 9:12am
GBPUSD should be banned for firebird. If we look back at the 1hour and 4hour chart, there is no way 300pip sl can withstand the movements.
GBPUSD is good pair for trendfollowers, a killer for who goes agains it.
I was aware of this, but greed got in the way....

Sorry to hear that there are others like me cutting their fingers with FB today. But nice to know that I am not the only one
Nothing worse than being a LL. (LonelyLoser...) :

Hoping for better times for all of us.
  • #775
  • Edited 9:23am Sep 7, 2006 9:21am | Edited 9:23am
Besides the fact I was stuuuuuuuuuuupid and got hurt by the gbp, fb v63g-ts still closed 3 orders so far today for +103 pips, 2 trailing stops and one tp. I love the trailing stop on this ea.

Did I say 3? I should have said 4 orders for a total of +153 pips!
  • #776
  • Sep 7, 2006 9:45am Sep 7, 2006 9:45am
Just reviewed my demo of the hedge 1b2 and actually it has lost nothing today, just slightly up on 4 pair. Hmmmm. I might have to seriously reconsider this EA version for long term trading plans. does not win as wildly as others, but obviously does not lose as much in trending times. Worth hard look I'd say.
Don Life is expensive, but includes a free trip around the sun.
  • #777
  • Sep 7, 2006 9:48am Sep 7, 2006 9:48am
Quoting traderone
Just reviewed my demo of the hedge 1b2 and actually it has lost nothing today, just slightly up on 4 pair. Hmmmm. I might have to seriously reconsider this EA version for long term trading plans. does not win as wildly as others, but obviously does not lose as much in trending times. Worth hard look I'd say.
What pairs and settings are you using for this test traderone?
  • #778
  • Sep 7, 2006 9:54am Sep 7, 2006 9:54am
Nothing fancy. There the old settings of TP 30, SL 300, PIPSTEP 30. Probably nowhere near optimum.

Pairs are EURUSD (net 346 pips since Aug28)
USDCAD (net 151 since AUG 28)
USDCHF (net 258 since Aug28)
AUDUSD (net 54 since Aug 28)

I think perhaps the TP should be slightly lower on USDCAD and AUDUSD).

Not shabby.
Don Life is expensive, but includes a free trip around the sun.
  • #779
  • Sep 7, 2006 10:07am Sep 7, 2006 10:07am
Quoting traderone
Nothing fancy. There the old settings of TP 30, SL 300, PIPSTEP 30. Probably nowhere near optimum.

Pairs are EURUSD (net 346 pips since Aug28)
USDCAD (net 151 since AUG 28)
USDCHF (net 258 since Aug28)
AUDUSD (net 54 since Aug 28)

I think perhaps the TP should be slightly lower on USDCAD and AUDUSD).

Not shabby.
Not shabby? Those numbers look good as long as your open orders aren't excessive. I have considered just trading the eur/usd and usd/chf. These 2 seem to be the most profitable now. I have also considered just closing any or all losing orders at the end of the day and consider them the cost of doing business. I need to let this ea run for a couple of weeks though and see what happens.
  • #780
  • Sep 7, 2006 10:22am Sep 7, 2006 10:22am
I am testing the H02 version, but I only started it this morning, so I don't really have anything to report.



Quoting traderone
I too began Firebird v1.0a this week (Tuesday).

I am fortunate I think in that I am only trading EURUSD and USDCHF on somewhat more conservative settings than some. Pipstep 16 rather than 12 and percent.1.

I am now in negative, but since I traded only .1 lot per 2000 account I still have decent margin levels. I think when starting a new EA it doesn't always go your way so it is good to be a little conservative, especially at first.

Not happy about my losses but I'm going to ride for awhile and see.

Here's an interesting fact.... my hedge (version b2) demo on 4 pair (NO GBPUSD) has lost very very little at all. Holding its own. So perhaps it might be a more useful "all weather" EA than I had thought.

Is anybody running H02 through this storm? How is it doing?
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