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Firebird EA - fixed version -

  • #1
  • First Post: Edited Oct 23, 2011 3:23am Aug 18, 2006 3:47pm | Edited Oct 23, 2011 3:23am
UPDATE 26 Sept 2011 : I used in past years this ea in real account and deplated it very fast after few consecutive losses occurred !! So be advise that this trading system doesn't work in anyway under any market conditions and currency pairs used at least not in the long run (+2 years). Consider this thread only as a mere excercise to learn how to not trade forex market.
I'll not remove this first post so that other newbie trader (as I was at that time) can learn something from my errors.


Hi Firebirders !
I started here a new fresh thread about further improvement based on Firebird EA v0.63G engine that seems actually the best version ever made with incredible performance tested by a lot of users in old post.
I will try, as much as i can, to update regularly this first post so every news,settings,fix will be written here.
I wish to thanks to all users that in old thread help to improve Firebird in particular Mono for testing and sharing his result and setting to FF users.

[How it works Firebird ?]
(taken from EA code)
Firebird calculates a 10 day SMA and then shifts it up and down based on a percentage to form a channel.
For the calculation of this SMA either close (more trades) or H+L (safer trades) is used.
When the price breaks a band a postion in the opposite of the current trend is taken. If the position goes against us we simply open an extra position to average (pipstep function).
To avoid enter a trade while a strong trend is in place a divergence function is used that is calculated as difference between a Faster SMA (by default set to 23) and a Slower SMA (by default set to 84).

* Firebird v0.63g :
- Our loved EA This version it seems to be a pips machine , implement pipstep to average position and divergence to avoid strong trend.

* Firebird v1.0a :
- Based on Firebird v0.63g engine.
- Fixed bug that prevent to all JPY pairs to enter often a trade due to a calculation error on divergence function.
- Removed looping print about Account Equity on Expert tab.
- Deleted override settings if you use TF30 timeframe chart.

*Firebird v1.0c (modified by Wackena)
- Average daily range calculated automatically using ATR on past 21 days, there is no more need to setup manually StopLoss,TakeProfit and Pipstep, they are all calculated automatically.
- Added Money Management routine. If you want to manually set lot size, set UseMM=0(false)
- Added MaxOpenOrders routine to add control as to max number of open orders at one time per pair. If not wanted, set MaxOpenOrders=10.
- Added Trailing stop function

[Firebird Settings (based on Mono's settings)]
- Firebird_settings_v1.0.zip : Contains two versions of preset files that seems to works better :

1) Mono's fixed setting (Mono_settings_fixed_v1.0.zip): Fixed tp=30, sl=300, pipstep=30 for all pairs
2) Mono's variable setting (Mono_settings_variable_v1.0.zip) : different setting for each pair based on average daily range (in pips). Take profit (TP), Stop loss (LS) and PipStep are calculated with these formulas :
TP = Daily Avg Range*2/10 , SL = Daily Avg Range*2 , PipStep = Daily Avg Range/10


EUR/USD TP=22 SL=220 PIPSTEP=11 (Daily Avg Range = 110)
GBP/USD TP=30 SL=300 PIPSTEP=15 (Daily Avg Range = 150)
USD/CHF TP=25 SL=250 PIPSTEP=12 (Daily Avg Range = 125)
EUR/JPY TP=21 SL=210 PIPSTEP=10 (Daily Avg Range = 105)
USD/JPY TP=20 SL=200 PIPSTEP=10 (Daily Avg Range = 100)
USD/CAD TP=21 SL=210 PIPSTEP=10 (Daily Avg Range = 105)
AUD/USD TP=16 SL=160 PIPSTEP=8 (Daily Avg Range = 80)
EUR/CHF TP=10 SL=100 PIPSTEP=5 (Daily Avg Range = 50)
EUR/GBP TP=9 SL=90 PIPSTEP=5 (Daily Avg Range = 45)
AUD/JPY TP=15 SL=150 PIPSTEP=7 (Daily Avg Range = 75)

* Mono's chart time frame : M1 (1 minute chart)
Attached File(s)
File Type: zip Firebird_v1.0a.zip   23 KB | 13,038 downloads
File Type: zip Firebird_settings_v1.0.zip   2 KB | 11,743 downloads
File Type: zip Firebird_indicator.zip   3 KB | 12,007 downloads
  • #2
  • Edited Aug 19, 2006 3:36pm Aug 18, 2006 3:49pm | Edited Aug 19, 2006 3:36pm
Attached File(s)
File Type: zip Firebird_v1.0c.zip   35 KB | 9,165 downloads
  • #3
  • Aug 18, 2006 6:29pm Aug 18, 2006 6:29pm
Hi Skyline,

Thank you so much for your hard work with these forums and contributions to the Firebird community. This new thread is an excellent idea. The other one is just short of 70 pages. :-)

I hope to be able to contribute test results, and thoughts and ideas, as I'm not at all as experienced as most here are on the programming aspect of it.

Welcome to all the Firebird regulars, and Firebird newcomers.
  • #4
  • Aug 18, 2006 6:32pm Aug 18, 2006 6:32pm
Hi all,

I did have a question regarding the Percent setting. What does changing it from 0.1 to 0.15 do?

Thanks everyone
  • #5
  • Aug 18, 2006 6:41pm Aug 18, 2006 6:41pm
It prevents less trade from opening because the envelope calculation that Firebird uses is a wider.



Quoting 4x4tx
Hi all,

I did have a question regarding the Percent setting. What does changing it from 0.1 to 0.15 do?

Thanks everyone
  • #6
  • Aug 18, 2006 7:16pm Aug 18, 2006 7:16pm
pls look at this post, maybe itīs a good idea and somebody can code it !

Link

Thanks !

mr.trader
  • #7
  • Aug 18, 2006 7:24pm Aug 18, 2006 7:24pm
Hello guyīs

can somebody tell me whatīs wrong with the firebird indicator ? When i enter it into the chart i see nothing... if i look in indikators he is listed (right mouse click in chart, indicators)??

Somebody an idea ??

Thank you,

mr.trader
  • #8
  • Aug 18, 2006 7:53pm Aug 18, 2006 7:53pm
Quoting mr.trader
Hello guyīs
can somebody tell me whatīs wrong with the firebird indicator ? When i enter it into the chart i see nothing... if i look in indikators he is listed (right mouse click in chart, indicators)??
Somebody an idea ??
Thank you,
mr.trader
The problem is with the default 'percent' setting. Change the 'percent' setting to a value between .1 and .2 rather than 2.
  • #9
  • Aug 18, 2006 10:31pm Aug 18, 2006 10:31pm
What you're suggesting here is akin to the "UseCloseSignal" and surf feature we tried on firebird/phoenix.

Quoting mr.trader
pls look at this post, maybe itīs a good idea and somebody can code it !


Link

Thanks !

mr.trader
  • #10
  • Aug 18, 2006 11:59pm Aug 18, 2006 11:59pm
I am excited to see the results.

What time frame is the best to run this on.....

Thanks
Doc
  • #11
  • Aug 19, 2006 2:15am Aug 19, 2006 2:15am
Quoting mr.trader
pls look at this post, maybe itīs a good idea and somebody can code it !

Link

Thanks !

mr.trader
this is a great idea. Programmers?
TRADE FOR SWAP
  • #12
  • Aug 19, 2006 4:42am Aug 19, 2006 4:42am
Quoting 4x4tx
Hi Skyline,

Thank you so much for your hard work with these forums and contributions to the Firebird community. This new thread is an excellent idea. The other one is just short of 70 pages. :-)

I hope to be able to contribute test results, and thoughts and ideas, as I'm not at all as experienced as most here are on the programming aspect of it.

Welcome to all the Firebird regulars, and Firebird newcomers.
You're welcome 4x4tx
  • #13
  • Aug 19, 2006 4:58am Aug 19, 2006 4:58am
Quoting mr.trader
pls look at this post, maybe itīs a good idea and somebody can code it !

Link

Thanks !

mr.trader
Thanks Mr.Trader for sharing your ideas
This could be a great improvement but i'm scared about huge number of opened trades at the same time and possibility of a margin call.
May be right strategy could be to start EA without hedging and when account deposit will grow , enable it
Another possibility could be to use hedging with fixed settings (tp=30,sl=300,pipstep=30) and/or in chart timeframe higher than M1 where less trade are opened. Infact looking at latest Mono's statement with variable settings (when he achieved 9000 pips) , there is 41 opened trades
Btw, i'm a programmer (it's my actual work) but i'm not quite good with mql language to develop this kind of procedure. If we can find some well-written procedure for hedging may be i could try to merge it in latest Firebird version.

  • #14
  • Aug 19, 2006 6:43am Aug 19, 2006 6:43am
Hi Skyline,

Thank you for your hard work and all the members of this thread (and its predecessors) for the valuable contributions in developing Firebird. Your results are really impressive. (I tested an earlier version of Firebird a couple of weeks ago with moderate results. Next week I will try with the v1.0a version in the hope of a great success.)

I also think that building a hedging possibility in is a good idea.
I am not a programmer though I think straddle EAs contain a hedging procedure so some of them might be useful. I do not think posting such EAs here would be nice but I am ready to send some by email or at this link http://www.forexfactory.com/forexfor...3&page=1&pp=15 one can find a lot of them.

Quoting skyline
Thanks Mr.Trader for sharing your ideas
This could be a great improvement but i'm scared about huge number of opened trades at the same time and possibility of a margin call.
May be right strategy could be to start EA without hedging and when account deposit will grow , enable it
Another possibility could be to use hedging with fixed settings (tp=30,sl=300,pipstep=30) and/or in chart timeframe higher than M1 where less trade are opened. Infact looking at latest Mono's statement with variable settings (when he achieved 9000 pips) , there is 41 opened trades
Btw, i'm a programmer (it's my actual work) but i'm not quite good with mql language to develop this kind of procedure. If we can find some well-written procedure for hedging may be i could try to merge it in latest Firebird version.

  • #15
  • Aug 19, 2006 7:37am Aug 19, 2006 7:37am
Quoting A1Cruiser
Hi Skyline,

Thank you for your hard work and all the members of this thread (and its predecessors) for the valuable contributions in developing Firebird. Your results are really impressive. (I tested an earlier version of Firebird a couple of weeks ago with moderate results. Next week I will try with the v1.0a version in the hope of a great success.)

I also think that building a hedging possibility in is a good idea.
I am not a programmer though I think straddle EAs contain a hedging procedure so some of them might be useful. I do not think posting such EAs here would be nice but I am ready to send some by email or at this link http://www.forexfactory.com/forexfor...3&page=1&pp=15 one can find a lot of them.
A1Cruiser welcome aboard Firebird followers
Thanks for you kindly words I really appreciate it
I will try to search for some good hedging procedure in thread that you wrote above

  • #16
  • Aug 19, 2006 10:09am Aug 19, 2006 10:09am
Wow, this is a truly impressive group!

Where should I go if I have no clue how to load, set-up, launch, or adjust settings of Firebird?

Thanks in advance,
Fish out of Water

PS. I have placed the EA in the experts folder and can see it (them) in Navigator.
  • #17
  • Aug 19, 2006 10:12am Aug 19, 2006 10:12am
Follow-up:

Where do I put or how do I read *.set files?

Thanks again!
  • #18
  • Aug 19, 2006 10:15am Aug 19, 2006 10:15am
Hey everyone,

Here are my live results for the last 2 weeks of testing.
1m TF, default settings (30-300-30).
Only 4 pairs: EURUSD, USDCHF, USDCAD, AUDUSD for now.
Record of 67-0.
Attached File(s)
File Type: zip 2 weeks Aug 7-18.zip   10 KB | 3,736 downloads
  • #19
  • Aug 19, 2006 10:26am Aug 19, 2006 10:26am
Hello Moneybags:

Are your results running the platform 24-7 for the entire two weeks and through all the reports? If so that is amazing.
  • #20
  • Aug 19, 2006 10:27am Aug 19, 2006 10:27am
Are these files for public use? What are these setting 30-300-30. I am new to alot of this.

Thanks

Tom
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