You are certainly spot on there mate. i normally only risk 1-2% per trade but did not take that into account with my demo trades of firebird. I am using single lots with a $10,000 demo account. Using the 42 pip stop that's a per trade risk of 4.2% ...

Firebird EA, please test this one, it is one of the greats

I think it is important to see how it performs over a much longer period without tweaking things after every bad move. I guess it has answered my question about how it handles the big moves and if the USD keeps strengthening then my demo account ...

Firebird EA, please test this one, it is one of the greats

I got 8 losses in the European/London session. There goes the weeks profit and more. Fast profits and even faster losses. I am running one with Wackena's settings and it is still in profit. No losses yet.

Firebird EA, please test this one, it is one of the greats

I am using both settings on different accounts. The 120 SL has had no losses so far. But it needs 6 profits for every loss, which is fine if it does not get many losses. I realise that it is too early to abandon this EA and i don't intend to do ...

Firebird EA, please test this one, it is one of the greats

Doh!!! Four losses so far today. Those losses add up fast. Ie. 42pips. I may be better off with a larger SL. Wiz.

Firebird EA, please test this one, it is one of the greats

You may be right there. So far though the biggest losses occurred at the start of the week not long after the open. I got 5 losses in a row but easily made up for it by the end of the day. The problem with news releases is that you never know which ...

Firebird EA, please test this one, it is one of the greats

I have only had a few losses so far with the 18, 42 settings. i will give the new ones a go on another account to compare. I want to run these for a t least a month to get a feel for how it handles big moves. if it survives without too much tweaking ...

Firebird EA, please test this one, it is one of the greats

Thanks, I'll take a look at that EA. Wiz.

Firebird EA, please test this one, it is one of the greats

Give it a bit more time. When i first started it took a while for my first trade to trigger. As long as you see the smilies on the charts then everything should be working. I have had a few trades today but not recently. 2 losses actually but after ...

Firebird EA, please test this one, it is one of the greats

Is that what this EA is actually doing. i am running the EA on a 15 min chart with matching MA envelope, but the signals it gives do not match. I am not sure why as I do not as yet understand the code. So far my results are great using hendrick's 15 ...

Firebird EA, please test this one, it is one of the greats

i am really beginning to wonder about the long term viability of this aproach. If a pair has a sustained breakout then the losses will very quickly swallow up our profits. Personally i think a better approach would be to use this strategy with some ...

Firebird EA, please test this one, it is one of the greats

Thanks for the info. i am not having much success with the 42 pip stop, but as i mentioned in a previous post my trades are not following the settings. When i add the EA i enter the setting in the info dialog that pops up. is that the correct place ...

Firebird EA, please test this one, it is one of the greats

hi Folks, I wish i could answer some of the questions posted above but I don;t have much experience with EA's and programming. I am having problems with the EA. it does not seem to be placing trades as expected. i have just had 4 losses at 42 pips - ...

Firebird EA, please test this one, it is one of the greats

Well i haven't seen the movie, and I can't think of some witty statement to add to all that has been said. All I can say is, if i can find a strategy that can yield consistent profits no matter what % then my search will be over. Consistency and ...

100% In 3 days.

I am currently short USD/CHF from 2294. So I'm currently down about 30 pips. I am using hendrick's 15 settings. Pipstep is 15 but I still only have 1 open position. I assume i should now have 3 short positions. Correct? Wiz.

Firebird EA, please test this one, it is one of the greats

G'day, I am also testing this EA. I am not all that sure about how it actually works. I am still looking into it. One thing I have noticed is that I haven't had any trades on USD/JPY. I am using the same settings on all at the moment. I am not sure ...

Firebird EA, please test this one, it is one of the greats

I find it hard to believe anyone can consistently pull more than 10% per month, unless they are taking huge risks. Is anyone getting 10% or better while risking 2% max. per trade? My personal goal is 10% per month but I wonder if that is achievable. ...

What is your monthly target?

Just to keep things in perspective Last month I was up 1020 pips with a modified knife, then lost around 1400 since. Maybe it's my fault but it aint all profits all the time. Wiz.

Vegas Method - has it been successful for others?

I also use Amibroker. I've been trying to back test the Vegas 4hr but haven't had much success due to my lack of knowledge of the code. If you don't mind sharing your code with me I'd much appreciate it. Wiz.

4 hour tunnel confusion

Us Ozzies are a little laid back. They don't call Australia "the land of the long weekend" for nothing. Wiz.

VWVB Daily Chart Analysis