Firebird EA - page 10
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Did you use pre-set file?
Hi newdigital,
Yes, as I understand it, it loads it automatically. I placed it in the preset folder.
Do you know why we are testing this EA?
presumably to see if it works in live conditions and iron out any bugs that may arise while forward testing?
Did you use timefilter?
I've left the:
extern int FromHourTrade = 8;
extern int ToHourTrade = 18;
as is on the v65ft EA.
I was told that no need to change, it works off the metatrader platform server time. So above is saying, start at 8am (my 6am GMT) and finish trading at 6pm (my 4pm).
Did you read the forward testing statements of this EA?
yes, I have read every page on this thread.
Do you now that if EA is profitable with strategy tester it means nothing?
Sure do. but it's nice to know if works ok. I mean, If the strategy tester is using old data going back months or even years, once could get a rough feeling of the average turnaround.
Having saying that, i don't think the strategy tester on my platform works too well, I seem to get different results each time - maybe that's what you mean.
FXGuy2000,
This section is big one.
Try to read everything.I sure have my friend. About 8 times over.
Maybe I should try this out on 0.1 lots and see how it goes live.
I am sure you will have a questions.
But you will have different question after the reading everything. And I know which questions you will have after the reading all this section.
Because you are not the first one who visited this section.I think the only question I have to ask, is, which pair should be used for this EA. I presume the pound and euro work well? And we MUST use the 30minute TF for this EA?
Thanks again for your time newdigital.
Hi newdigital,
Yes, as I understand it, it loads it automatically. I placed it in the preset folder.
presumably to see if it works in live conditions and iron out any bugs that may arise while forward testing?
I've left the:
extern int FromHourTrade = 8;
extern int ToHourTrade = 18;
as is on the v65ft EA.
I was told that no need to change, it works off the metatrader platform server time. So above is saying, start at 8am (my 6am GMT) and finish trading at 6pm (my 4pm).
yes, I have read every page on this thread.
Sure do. but it's nice to know if works ok. I mean, If the strategy tester is using old data going back months or even years, once could get a rough feeling of the average turnaround.
Having saying that, i don't think the strategy tester on my platform works too well, I seem to get different results each time - maybe that's what you mean.
I sure have my friend. About 8 times over.
Maybe I should try this out on 0.1 lots and see how it goes live.
I think the only question I have to ask, is, which pair should be used for this EA. I presume the pound and euro work well? And we MUST use the 30minute TF for this EA?
Thanks again for your time newdigital.You may read the forward live testing statements (since January this year). This live statements are produced in pips per pair. So every pair is having the separate statement (forward testing). And read this thread https://www.mql5.com/en/forum
and this one https://www.mql5.com/en/forum
You may read weekly performance thread also. And other threads.
In the links I provided you may get information "how to start".
From weekly performance thread you may see the following (post #216):
EURUSD: pips this week -55; pips in total -858.
GBPUSD: pips this week -118; pips in total -1563.
USDJPY: pips this week -30; pips in total 434.
USDCHF: pips this week -263; pips in total -982.
11. Firebird v0.65, timefilter
EURUSD: pips this week 8; pips in total -769.
GBPUSD: pips this week -64; pips in total -1300.
USDJPY: pips this week 2; pips in total 515.
USDCHF: pips this week -215; pips in total -127.And you should read the forward statement since the beginning of January (it is posted and updated in many threads).
We are testing this EA because it is very famious EA. There are few very famious EAs.
Personally I like the other kind of EAs - KSRobot_1_5_eur_m15:
it was 18 trades since 02nd of January this year:
30; 13; 7; -5; 5; -12; -25; 11; -13; 0; 12; 11; 29; 31; 1; 1, 39, -22.
But it is my personal. I know that many people like some risky EAs.
And all the EAs are very different.
As to backtesting ...
I do not belive in backtesting. I know the some EAs are producing the different forward testing results with different brokers. Because of different data. So backtesting is just to see how some particular EA may be interesting.
I just downloaded this one, and ran the strategy tester on it (without changing any settings)... and now, i keep getting these alerts saying "excessive loss" and it wont stop.
Just set the PipsLoss higher, by default its 500. Meaning if the EA loses 500 or more pips it will alert and return(0) (no more trades).
Results from yesterday and today,
Stop loss=300 pips...
stop profit=10 pips
Fast_cris
I've been playing around with this one for a while today. I think it has a lot of potential, but the settings need to be bang on to get the max benefits out of it.
Attached is a strategy tester report (I know, not always good to rely on, but it's using real old data for this month, so it's a nice guideline to work from).
It generated 1266 pips in a time space of 22 days, with friday trading turned off.
These are the settings I used:
MA_length = 10
MAtimeframe = 0
MAtype = 0
percent = 0.3
tradeonfriday = 0
Slip = 100
lots = 0.1
TakeProfit = 30
stoploss = 5000
PipStep = 200
increasementtype = 0
TrailStop = 5
Now I'm not sure why I get odd figures in the profit taking when they are all $1.00 a pip, so I'm a bit confused there, not sure if anyone else knows why this is?
Any way, here's the attachment... I hope it helps some?
I'm going to test some more to see how much can be sucked out from it in 3-4wks
oh, before I forget, I had no preset to work with, not sure if those are needed, any way, this was done on the 15minute chart. GBP/USD
These are the settings I used:
MA_length = 10
MAtimeframe = 0
MAtype = 0
percent = 0.3
tradeonfriday = 0
Slip = 100
lots = 0.1
TakeProfit = 30
stoploss = 5000
PipStep = 200
increasementtype = 0
TrailStop = 5
this was done on the 15minute chart. GBP/USDHere's another one... 1320 pips
only settings changed were
TakeProfit = 31
TrailStop = 3
These are the settings I used:
MA_length = 10
MAtimeframe = 0
MAtype = 0
percent = 0.3
tradeonfriday = 0
Slip = 100
lots = 0.1
TakeProfit = 30
stoploss = 5000
PipStep = 200
increasementtype = 0
TrailStop = 5
this was done on the 15minute chart. GBP/USDOk, this time 1536 pips
Settings changed were:
TakeProfit = 35
TrailStop = 2
Ok, this time 1536 pips
Settings changed were:
TakeProfit = 35
TrailStop = 2Hi my friend,
This was live demo tests or tests from tester of metatrader 4?
Fast_cris
These are the settings I used:
MA_length = 10
MAtimeframe = 0
MAtype = 0
percent = 0.3
tradeonfriday = 0
Slip = 100
lots = 0.1
TakeProfit = 30
stoploss = 5000
PipStep = 200
increasementtype = 0
TrailStop = 5
this was done on the 15minute chart. GBP/USDOk, this is the last one, 1806 pips this time in 3 weeks.
Settings changed were:
TakeProfit = 40
TrailStop = 1
Hi my friend,
This was live demo tests or tests from tester of metatrader 4?
Fast_crisHi,
Strategy tester is always offline, it uses the old real data.
Here's the chart for the last one I did that shows you the old data for the past 3 weeks.