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Firebird EA - fixed version -

  • #801
  • Sep 8, 2006 3:48am Sep 8, 2006 3:48am
So could someone please tell me what the difference is between v63g version and and v1.0c

Thanks

Sanchez

Quoting kihl
Hello Coolhand

As I know there is an error in the EA codes for trading Yen pairs. Here is the fixed version v63g for Yen pairs.

Seems that live trading with FB V63G-TS is the safer option if the USD/GBP isnt included in the trading.

Can anyone please make a FB V63G-TS version for Yen pairs?

Hope this can help and improve the trading with Yen pairs.
  • #802
  • Sep 8, 2006 3:55am Sep 8, 2006 3:55am
Quoting spartan
Anyone has the testing result for H02 version though? I don't remember seeing a lot of people experimenting with it.
I've been testing the H02 fro the last couple of days and would be happy to post the results, but don't know how to generate those statement reports.

Anybody care to share how to generate them?
Just my 2 pips worth
  • #803
  • Sep 8, 2006 4:23am Sep 8, 2006 4:23am
Quoting saltcafe
I've been testing the H02 fro the last couple of days and would be happy to post the results, but don't know how to generate those statement reports.
Anybody care to share how to generate them?
Open the terminal window if not open. Click the 'account history' tab. In the window right mouse click over one of the closed trades that are displayed. Select 'save as detailed report' from the right click menu. Last go to the directory where you saved the report and zip the files you want to post.
  • #804
  • Sep 8, 2006 4:40am Sep 8, 2006 4:40am
Quoting Yardie
I agree but 1.0c is failing the test miserably -- almost a 30% loss now. The hedge version is more stable. The C version works remarkably well in tight ranging markets though.
what hedge version?
  • #805
  • Sep 8, 2006 5:28am Sep 8, 2006 5:28am
Quoting kihl
Hello Coolhand

As I know there is an error in the EA codes for trading Yen pairs. Here is the fixed version v63g for Yen pairs.

Seems that live trading with FB V63G-TS is the safer option if the USD/GBP isnt included in the trading.

Can anyone please make a FB V63G-TS version for Yen pairs?

Hope this can help and improve the trading with Yen pairs.
Thanks kihl! I tried everything and could not get any yen trades. I was disappointed as the yen made a big move down but I didn't get one trade. I'll load this one and see how it goes. Thanks.
  • #806
  • Sep 8, 2006 8:03am Sep 8, 2006 8:03am
I had 2 live account running - FB 63G fixed on 1 minute and v1.0b3.

Today (Friday) at 9am EST I had to pull the plug on both. 63G fixed lost more than 50% of value and 0b3 about 25%. I could not stomack the losses any further. I am licking wounds now and will see what I will do next.

The day that we all feared arrived sooner than I thought. I only started to go live on Monday...
  • #807
  • Sep 8, 2006 8:16am Sep 8, 2006 8:16am
pics say more than 1000 words

:
Attached Image
  • #808
  • Sep 8, 2006 8:41am Sep 8, 2006 8:41am
Went live after I got greedy by reading and testing Firebird and all those pips it was making.....
Look at the picture and feel my pain

and the worse thing is, there is still over 5500$ floating loss

This is a nightmare. Somebody please wake me up!
Attached Image
  • #809
  • Sep 8, 2006 8:50am Sep 8, 2006 8:50am
Been live 3 weeks now with good ole' V63G, and I'm quite happy with the results. Like Cthauber, I'm running the 30-300 settings with % = .1. Even with the current conditions, none of my stops even look close to being hit.

However, as many of us have commented in the past, I think this EA needs "managing" just like any trading tool, and that a traders success (or lack thereof) will be in line with their success as a trader in general.

My management has consisted strictly of turning the EA on or off at certain times based on what I see in the market and the nature or direction of my float (not necessarily the amount of float...). I still think that closing any winning position early is a bad idea, and closing a losing position early is bad 99% of the time. The pairs I've chosen are EUR/USD, USD/CAD, and sometimes USD/JPY. I thought about including USD/CHF, but IMO it behaves too similarly to EUR/USD so I left it out.

Even with the EA turned on 90% of the time, float has never exceeded 15% of my account. I'm currently @ +1140 pips (+27%) with ~340 pips float. Based on what I have ascertained from the market, I hope most of the float will be "flushed" out positively soon.
  • #810
  • Sep 8, 2006 8:52am Sep 8, 2006 8:52am
I have been trading for two years now. First year unsuccessfully, now I am scratching out a fairly nice profits. I have been a manuel trader this whole time. I have been reading and watching auto trading for some time now. What I am asking for is how to install firebird to test it.
thanks in advance to the kind soul that helps me.
Quoting skyline
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)
THE MAN
  • #811
  • Sep 8, 2006 8:56am Sep 8, 2006 8:56am
with the FB v1-0c1, why can't i changed the stop loss?? even if i changed the setting, it still give the same amount, and not the value that i put.
  • #812
  • Sep 8, 2006 8:57am Sep 8, 2006 8:57am
Quoting sm31
Been live 3 weeks now with good ole' V63G, and I'm quite happy with the results. Like Cthauber, I'm running the 30-300 settings with % = .1. Even with the current conditions, none of my stops even look close to being hit.

However, as many of us have commented in the past, I think this EA needs "managing" just like any trading tool, and that a traders success (or lack thereof) will be in line with their success as a trader in general.

My management has consisted strictly of turning the EA on or off at certain times based on what I see in the market and the nature or direction of my float (not necessarily the amount of float...). I still think that closing any winning position early is a bad idea, and closing a losing position early is bad 99% of the time. The pairs I've chosen are EUR/USD, USD/CAD, and sometimes USD/JPY. I thought about including USD/CHF, but IMO it behaves too similarly to EUR/USD so I left it out.

Even with the EA turned on 90% of the time, float has never exceeded 15% of my account. I'm currently @ +1140 pips (+27%) with ~340 pips float. Based on what I have ascertained from the market, I hope most of the float will be "flushed" out positively soon.
Good to hear that you're still in profit sm31.
You have been using it long enough and made enough pips to withstand the DD right now.
Those who has started using firebird this month, I am afraid all of them are losing right now.
  • #813
  • Sep 8, 2006 9:02am Sep 8, 2006 9:02am
Quoting Benna
I had 2 live account running - FB 63G fixed on 1 minute and v1.0b3.

Today (Friday) at 9am EST I had to pull the plug on both. 63G fixed lost more than 50% of value and 0b3 about 25%. I could not stomack the losses any further. I am licking wounds now and will see what I will do next.

The day that we all feared arrived sooner than I thought. I only started to go live on Monday...
I haven't got the stomach either Benna. Closed all cable positions.

ART_1, couldn't agree more.
DAMN CABLE!!

Let me buy you guys a beer with the money I got left before it is all gone
  • #814
  • Sep 8, 2006 9:18am Sep 8, 2006 9:18am
up to now i think it was my fault those losses. becos i have known that cable is very very risky and doesnt fit to firebird. and the result of this was a margin call which was caused due to my GREED.
  • #815
  • Sep 8, 2006 9:24am Sep 8, 2006 9:24am
h
Attached File(s)
File Type: zip FireBirdv63H02.zip   12 KB | 453 downloads
Just my 2 pips worth
  • #816
  • Sep 8, 2006 9:25am Sep 8, 2006 9:25am
posted above were some numbers for v63H02 version.

seems to be good during normal market volatility, but gets hammarred during highly volatile markets, and can whipe you out quite quick.

for now it seems to be spinning it's wheels.
Just my 2 pips worth
  • #817
  • Sep 8, 2006 10:17am Sep 8, 2006 10:17am
Greetings fellow pipsters. Some of what this post contains might be considered out of thread context so read at your own peril. I realy like what FB does in a tight ranging market. I think we've all come to the conclusion that FB rocks during such times. Several posts and thoughts have been suggested as to figure/determin when to use FB for max gain and minimal drawdown.

This week i continued my tests on FB in demo on every version at our resource page. The test continues to run as i post here. the H2 version was added this week and is now +800 closed and a whopping -3300 on a 10k account. I must state that in real life i do not think i could handle such an occurance without a good deal of emotion! All other versions are running in either barely up (say 500pips) or down from -500 to -2000 with floats averaging -2000 at this stage.

Now onto the read at your own risk part.

Not to simply sit around and wait for the grimm reaper, in my typical fashion i kept studying and reading and there are a handful of successful trade-with-trend EAs. One of which i opened up this week on Wed and it has banked 1300 net pips this week with no remaining float as i closed it down for the weekend (float was at -25).

So here is my thought on EAs so far. . .

I am determined to understand and implement a trading style that will include the mind of the machine and the soul of man. To take a phrase from an old SciFi book, "The Voice in the Machine". This can be done and somehow i would like to continue on this line, and i know it might take another thread as i do not wish to hijack this wonderful thread on our beloved FireBird that works so well in ranging markets. That said, i'm not one for beginning new threads at the factory, but this might just warrant one. I'll do some searching to see if there is such a beast, and if not might just post something.

Hope you all have a great weekend!
Thom
  • #818
  • Sep 8, 2006 11:13am Sep 8, 2006 11:13am
This is the week for a trend EA!

In true form for me, I STARTED Firebird v1.0a this past Tuesday AM on 2 pairs.

very small lots. Thank goodness.

At 12 Noon EST I am now down a net -582 pips.

I'll keep hanging in there for a while though. Really thinking that the more conservative Pipstep settings might have been the way to go in long term trading.
Don Life is expensive, but includes a free trip around the sun.
  • #819
  • Sep 8, 2006 11:56am Sep 8, 2006 11:56am
agreed.

Not hit any SL yet but margin is precarious. USD is at an outer fib level now so hopefully we'll get a reversal on monday. these massive slides are uncommon, the market ranges 80% of the time.

lesson: use smaller lots and higher pipstep!
TRADE FOR SWAP
  • #820
  • Sep 8, 2006 12:13pm Sep 8, 2006 12:13pm
[quote=accrete] Not to simply sit around and wait for the grimm reaper, in my typical fashion i kept studying and reading and there are a handful of successful trade-with-trend EAs. One of which i opened up this week on Wed and it has banked 1300 net pips this week with no remaining float as i closed it down for the weekend (float was at -25).

Accrete,
It seems a very nice result you got there. Is it from firebird or some other system.

Do you mind to share with us, Tq.
Shah For every action there is an equal and opposite reaction.....
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