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Firebird EA, please test this one, it is one of the greats 1,228 replies

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Firebird EA - fixed version -

  • #1,161
  • Oct 4, 2006 1:29pm Oct 4, 2006 1:29pm
Quoting mono
After 9 and half weeks firebird 30-300 has reach another milestone.

Its has just booked its 9000th pip.

Its record stands at 420-12 with a float of about -$1800
What TIME FRAME did you do the testing on for these awsome results????

and if you have modified the EA please repost it!!

please please please

thanks
"We are the superior beings, we obey no one!"
  • #1,162
  • Oct 4, 2006 2:09pm Oct 4, 2006 2:09pm
Hi

I have been reading through all 88 pages and maybe i am blond, but i can not find the answer to my question so here goes

i installed the FB EA and it does not do anything, it just is not working, could some one please advise or suggest... any ideas

Thanks
  • #1,163
  • Oct 4, 2006 2:12pm Oct 4, 2006 2:12pm
Fellow Firebird'ers -

This version includes the added level of protection of MinMarginLevel. I feel this is important especially for those of us that don't have much to open with.

MinMarginLevel is good because you can set it to not open any trades once it hits a certain percentage. Why is this important? If your account falls below a certain percentage, your broker will either close all your positions or randomly close positions just to get you back over the margin level they decide. Margin level was new to me coming from RefcoFX and FXCM because they went strictly by available margin (or Free Margin). If you ran out of margin, you got an instant margin call liquidating all your open positions.

Each broker has a different policy and you'll need to contact them. I have already spoken personally with both FXDD and IBFX. Here are their policies:

FXDD: If margin level falls below 80%, all open positions will be closed

IBFX: If margin level falls below 50%, they will randomly start closing positions until your margin level goes above 50%.

When I first started to demo fb v1.0, I noticed way too many positions were being opened for the amount of margin I had and knew I wouldn't be comfortable with seeing that on a live account.

The first step was turning on money management using microlots (IBFX) since I was opening with $350. I also had to make one small change in the UseMM math to make sure I was getting 30 cents a pip for 3 micro lots vs .03 cents a pip. ;-)

The other step was implementing MinMarginLevel. I found fb v1.0c1 out on forex-tsd included MinMarginLevel for MAtype 0, but not for type 1. I have included it for type 1 as well. It works for both MA types now.

MinMarginLevel and Money management should be 2 key ingredients with any EA.

Since v1.0a didn't include money management or margin level protection, I have taken the liberty of including both in v1.0a.

One additional note under UseMM (money management):

The original code uses Lots=AccountEquity()* Risk/100/1000;
In order to make this work properly with IBFX and miniaccounts, I changed it to Lots=AccountEquity()* Risk/100/100;

If you are using FXDD, you'll want to change it back to Lots=AccountEquity()* Risk/100/1000;

I have found this helpful in protecting myself, I hope others find it useful as well.
Attached File(s)
File Type: mq4 Firebird_v1.0c1.mq4   28 KB | 471 downloads
File Type: mq4 Firebird_v1.0a1.mq4   27 KB | 447 downloads
  • #1,164
  • Oct 4, 2006 2:16pm Oct 4, 2006 2:16pm
Hi Edox -

No need to take up forum space on this. Please look for my pm.

Quoting Edox
Hi

I have been reading through all 88 pages and maybe i am blond, but i can not find the answer to my question so here goes

i installed the FB EA and it does not do anything, it just is not working, could some one please advise or suggest... any ideas

Thanks
  • #1,165
  • Oct 4, 2006 2:36pm Oct 4, 2006 2:36pm
Does anybody know where I can find a 'plain Jane' version of Firebird. No hedging, no ts, no MM, just Firebird. I have a few programs I would like to use with it, to custom tailor it to me.

Thanks

Rusty
  • #1,166
  • Oct 4, 2006 2:46pm Oct 4, 2006 2:46pm
these are the most basic versions I have.
Attached File(s)
File Type: mq4 Firebird v0.65.mq4   12 KB | 427 downloads
File Type: mq4 Firebird v63G_fixed.mq4   26 KB | 483 downloads
File Type: mq4 Firebird.mq4   3 KB | 408 downloads
TRADE FOR SWAP
  • #1,167
  • Oct 4, 2006 3:51pm Oct 4, 2006 3:51pm
Quoting rusty105
Does anybody know where I can find a 'plain Jane' version of Firebird. No hedging, no ts, no MM, just Firebird. I have a few programs I would like to use with it, to custom tailor it to me.

Thanks

Rusty

Post number 1 of this thread. Firebird v 1.0a. The JPY pairs are fixed and there is nothing fancy.

I like it.
Don Life is expensive, but includes a free trip around the sun.
  • #1,168
  • Oct 4, 2006 4:07pm Oct 4, 2006 4:07pm
I am going to test the EA on INTERBANK FX's server, do we need a MAGIC#???????

anyone??

thanks
"We are the superior beings, we obey no one!"
  • #1,169
  • Oct 4, 2006 4:11pm Oct 4, 2006 4:11pm
No. You do not need a magic #. I, along with many, have forward tested v1.0a and v1.0c with IBFX extensively and no magic number is required. It's all properly coded in the EA.

Quoting bigballer
I am going to test the EA on INTERBANK FX's server, do we need a MAGIC#???????

anyone??

thanks
  • #1,170
  • Oct 4, 2006 4:44pm Oct 4, 2006 4:44pm
Quoting cgldsmth
1. all trades are logged on the server. I switch my PC off at nights and weekends, all orders are kept and executed if TP/SL is reached during PC downtime.
2. Each pipstep opens a separate trade and is not designed to adjust the previous one.

From what I have read in most of the FB Documentation, FB was supposed to average the TP level of the pipstep orders. So that the trend FB was stuck in would only have to come back a portion of the way to break even. All the pipstep orders I have seen leave the original orders as-is. By the 3rd pipstep the first order has to come back 90 pips, where as if it was averaged it would only have to come back 45 pips, after that the 4 orders are in profit (first order and 3 pipsteps). I am not sure if the bug has been fixed (check the last few lines of the EA code). Am I right in this?? Fixing this might help with large drawdowns, and old trades effecting our margins.

Rusty
  • #1,171
  • Oct 4, 2006 8:43pm Oct 4, 2006 8:43pm
Quoting dscott5912
No. You do not need a magic #. I, along with many, have forward tested v1.0a and v1.0c with IBFX extensively and no magic number is required. It's all properly coded in the EA.
thanks
"We are the superior beings, we obey no one!"
  • #1,172
  • Oct 4, 2006 10:04pm Oct 4, 2006 10:04pm
Anyone who has tested firebird live, please post timeframe that gave you best results............thanks
  • #1,173
  • Oct 5, 2006 12:28am Oct 5, 2006 12:28am
Quoting Michaelw
Anyone who has tested firebird live, please post timeframe that gave you best results............thanks
M5 for me.
Don Life is expensive, but includes a free trip around the sun.
  • #1,174
  • Oct 5, 2006 3:01am Oct 5, 2006 3:01am
Quoting billparoli
Alan,

Right click in the trading window. You'll find the "Profits" options.

Bill

Thanks Bill but I should have been more specific. Just trying to find out how to do it in the Account History window. So that I can tally up the total pips profit rather than dollars.

Alan
  • #1,175
  • Oct 6, 2006 12:31am Oct 6, 2006 12:31am
Quoting traderone
M5 for me.
Is M5 the best for version 1.0c?

thanks a lot in advance, people. You will see me around here a lot in future. First post for me here.
  • #1,176
  • Oct 6, 2006 11:15pm Oct 6, 2006 11:15pm
M5 worked well on a 5k demo account.

I am going live with a mini hopefully by Monday with InterBank.

Need a refresher on how many pairs I can trade with a beginning balance of $400 and any setting adjustments for FB 1.0a.

Thanks...


Quoting bradman
Is M5 the best for version 1.0c?

thanks a lot in advance, people. You will see me around here a lot in future. First post for me here.
  • #1,177
  • Oct 7, 2006 12:23am Oct 7, 2006 12:23am
Hi sinclap -

If you're going to run v1.0a with a beginning balance of $400, I highly recommend using v1.0a1 which includes money management and min margin level protection. You can find v1.0a1 attached to my post..

http://www.forexfactory.com/forexfor...postcount=1163

Quoting sinclap
M5 worked well on a 5k demo account.

I am going live with a mini hopefully by Monday with InterBank.

Need a refresher on how many pairs I can trade with a beginning balance of $400 and any setting adjustments for FB 1.0a.

Thanks...
  • #1,178
  • Oct 7, 2006 10:26am Oct 7, 2006 10:26am
Thanks..I saw your post after I submitted mine.

One clarification...Can I trade the three pairs on a micro at .03 setting safely?

Quoting dscott5912
Hi sinclap -

If you're going to run v1.0a with a beginning balance of $400, I highly recommend using v1.0a1 which includes money management and min margin level protection. You can find v1.0a1 attached to my post..

http://www.forexfactory.com/forexfor...postcount=1163
  • #1,179
  • Oct 8, 2006 6:47pm Oct 8, 2006 6:47pm
Just started testing 63G-TS2, wondering if anyone else running this version has had any trades placed yet. Mine's yet to place any though looking at the charts with the indicator, shows a few possible entry points. But it's still early into the market open so we'll see what happens later. Just want to make sure I don't have anything configured wrong..

thanks.
-i trade currencies at the airport-
  • #1,180
  • Edited 8:29pm Oct 8, 2006 8:20pm | Edited 8:29pm
Quoting rideblitz
Just started testing 63G-TS2, wondering if anyone else running this version has had any trades placed yet.
thanks.
rideblitz,

Testing FB 63G-TS2, two trades opened one lot each:

(1) 4:03 gmt, long Eur/USD at 1.2593, SL 1.2493, TP 1.2643, currently even
(2) 4:23 gmt, short Eur/AuD at 1.6965, SL 1.7065, TP 1.6940, currently -37.13
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