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  • #1,541
  • Nov 14, 2006 4:02pm Nov 14, 2006 4:02pm
Quoting traderlismiss
Just my 2 cents. I have 2 firebird demo accounts and both are doing very well. I posted the results from one earlier today and we'll say that is my 1st account. My second account has been running for a few more days and has Skyline's settings of 30-300-30. This account while generating a bit more profit has a much higher float. With glenn5t's settings I have about a 10% of profit float, while the skyline settings have about a 30% of profit float. Bottom line is, neither account has had a single loss. Both accounts have a good profit. So i guess my point is, if you are not worried about the margin you could use skyline's settings and have just a bit more profit. If however like most of us you are concerned about the float, I suggest glenn5t's settings. With the small float that I have in account 1, I am thinking about trading an additional pair. Not endorcing anything, just my 2 cents.


Thanks
Hi traderlismiss,
i'm happy that you are enjoying 'my' settings (that are original Momo's settings)
Anyway I didn't have a float loss so high with those settings 30-300-30, my Firebird float loss is about 1400$ (14% account) using M30, may be are you using a lower timeframe or a lot of pairs ??
I only can say that using Firebird based EA that is a counter-trend system isn't so simple , we have to be trained because we have for long time those negative float number that hurts our eyes, hour after hour. But as far as I can see this system seems robust and affidable in the long run and I'd like to leave my Firebird demo running for at last a year to see how powerful could be in (almost) every market conditions.
Only time will say if Firebird is THE EA ...
  • #1,542
  • Nov 14, 2006 5:16pm Nov 14, 2006 5:16pm
Hi There,

Ok you can Tell I'm new to Fx but I love it a lot.

How do I get started in useing firebird.

Is there some one i can call or e-mail?

Daniel
  • #1,543
  • Nov 14, 2006 7:21pm Nov 14, 2006 7:21pm
Quoting glenn5t
I agree Melissa its very much a personal thing how much stress you can take...


What extra pair are you looking at I maybe able to help...Ive tried a few.
First, I took your advice and added the Aud/usd and that has worked out very well. I am also running usd/chf, gpd/usd and usd/jpy. I eliminated the eur/usd because it was accounting for a large number of negative floats. I have been running just three pairs for most of this month.

Thanks
  • #1,544
  • Nov 14, 2006 7:29pm Nov 14, 2006 7:29pm
Quoting skyline
Hi traderlismiss,
i'm happy that you are enjoying 'my' settings (that are original Momo's settings)
Anyway I didn't have a float loss so high with those settings 30-300-30, my Firebird float loss is about 1400$ (14% account) using M30, may be are you using a lower timeframe or a lot of pairs ??
I only can say that using Firebird based EA that is a counter-trend system isn't so simple , we have to be trained because we have for long time those negative float number that hurts our eyes, hour after hour. But as far as I can see this system seems robust and affidable in the long run and I'd like to leave my Firebird demo running for at last a year to see how powerful could be in (almost) every market conditions.
Only time will say if Firebird is THE EA ...
Hi Skyline and good to see you back in the thread. As I said in my post, your settings are yielding more profit but my float has been around 30% of profit , not 30% of the account. That is probably acceptable but I do think a little higher pipstep is better suited for me. I hope you will get back into improving this firebird ea, since you started the thread and worked very hard on the ea we all now enjoy. I know you have been working some on Orangeroshan's method and it looks quite promising but I do hope you come back and stick around here some more.
Thanks
  • #1,545
  • Nov 14, 2006 7:32pm Nov 14, 2006 7:32pm
Thats intresting my Eur has been running ok..no losses....I have run the CHF and UJ...


Chf was slow and because it ranges wide can run a big float...

I have tried several JPY pairs both eur and usd cross rate with the JPY and i have found them all to be hopeless...even running the new V2 i have the pair GBP/JPY and again its out with the highest negative amount.

I dont belive Fire Bird can run with any JPY pairs....

Its now 6 weeks and two days running live all USD pairs and no losses thats 100% profit...averaging 460 pips a week.

  • #1,546
  • Nov 14, 2006 7:55pm Nov 14, 2006 7:55pm
Quoting glenn5t
Thats intresting my Eur has been running ok..no losses....I have run the CHF and UJ...


Chf was slow and because it ranges wide can run a big float...

I have tried several JPY pairs both eur and usd cross rate with the JPY and i have found them all to be hopeless...even running the new V2 i have the pair GBP/JPY and again its out with the highest negative amount.

I dont belive Fire Bird can run with any JPY pairs....

Its now 6 weeks and two days running live all USD pairs and no losses thats 100% profit...averaging 460 pips a week.

I am going to take your advice again. I had just added the usd/jpy and it had only opened one trade. I had been running the Phoenix EA and got use to trading some yen pairs. Thanks again for the help.
  • #1,547
  • Nov 14, 2006 8:16pm Nov 14, 2006 8:16pm
Which time frame is best for Firebird?
Which currency ? gbp or euro?
Anyone could help me please?

Thank you..
  • #1,548
  • Nov 14, 2006 8:43pm Nov 14, 2006 8:43pm
Melissa....your welcome...how did you find The Phoenix ea?


bellefemme

5min charts ....15 min TF in the script....

I have used all USD cross pairs.
  • #1,549
  • Nov 14, 2006 8:50pm Nov 14, 2006 8:50pm
I have now fine tuned my pairs to the following GBP/USD and AUS/USD the two main ones with the best returns they are loaded with the higest lot size. and to make up the three EUR/USD.

I have tried many in demos and these three are the best for returns..I will not change from these three and my settings I now have appear to be working well so they will not be changed the only change from now on will be lot size as the account grows.

so my final settings are TP 50..TS 15...and pipstep 37.


good trading and God Bless

Glenn
  • #1,550
  • Nov 14, 2006 9:22pm Nov 14, 2006 9:22pm
Quoting glenn5t
I have now fine tuned my pairs to the following GBP/USD and AUS/USD the two main ones with the best returns they are loaded with the higest lot size. and to make up the three EUR/USD.
Interesting.

What works for mini-accounts is the opposite of what works for standard accounts. Obviously the settings must change (SL 300...no way) but also trading FireBird with standard lots works consistently well without the majors. Cable and Euro demo-tested okay and then only intermittently so I excluded both from the currency mix. Loonie is just that: loonie. It will be eliminated from the mix as it's currently floating around -$600.00; it will probably return to profit by Thursday evening but it's an eyesore. Usd/jpy....forget about it. If anyone has a different FireBird experience trading standard lots with the majors [live], I'd like to hear about it.

Aud/Usd works very well and seems to be the exception that proves the rule of good performance for those currencies not matched with USD.
  • #1,551
  • Nov 14, 2006 9:33pm Nov 14, 2006 9:33pm
MoneyMa$ter

Very intresting...well if it keeps going the way it is I will be trading on a standard account..So I guess i will find out...

I have run the Fire Bird on my settings on a demo standard account and it worked the same but demo is demo and live is live...lol

I have taken a copy of your settings for a standard account and well be looking very hard at them when the time comes for me to change....

If you change them would you send me a copy of the changes..

Glenn

  • #1,552
  • Nov 14, 2006 9:47pm Nov 14, 2006 9:47pm
Quoting cashout7
Hi There,

Ok you can Tell I'm new to Fx but I love it a lot.

How do I get started in useing firebird.

Is there some one i can call or e-mail?

Daniel
Hi Daniel

I have only been here a short time compaired to others, but Welcome to Forex Factory, and the Firebird thread.

Just a couple of things, give your self about 2-3 hours or so and read this thread, and this one, http://www.forexfactory.com/forexfor...ead.php?t=5012 from page one to the current post. There is SO much info, that no one could put it into one post. I am not saying this to be mean, but to help you. FB won't make you rich overnight, but it can make you poor really quick, so 2 hours or so is a small price to pay, and it will answer most of your questions you have, and many you didn't think you had. It has helped me more then i can explain. You will learn what works, and what doesn't, and why. In the 2 threads there is the original PDF document that explains how it works, or should work. You will find probably no less then 6 different versions of FB each suited to a different way of thinking, a few web pages with more resources, maybe 50 or so reports from different users showing the results they have had with FB, etc... There really is no other way to learn how to use this Script. If you want to start out on a demo, which you really should, you can find the version I am using on page 95 of this thread, using the settings from Glenn5t. His settings can be found around page 92 of this thread, I think. Good luck, we are all here to help

Rusty
  • #1,553
  • Nov 14, 2006 9:48pm Nov 14, 2006 9:48pm
Quoting glenn5t
Melissa....your welcome...how did you find The Phoenix ea?


bellefemme

5min charts ....15 min TF in the script....

I have used all USD cross pairs.

Thank you
  • #1,554
  • Nov 14, 2006 9:53pm Nov 14, 2006 9:53pm
This week so far...

Most trades were FB, some from a while ago, finally closing Some trades were made by me. (Firebird is doing much better then me)

Rusty
Attached File(s)
File Type: zip DetailedStatement.zip   8 KB | 397 downloads
  • #1,555
  • Nov 14, 2006 10:30pm Nov 14, 2006 10:30pm
just a update with the percentages..



<TABLE cellSpacing=1 cellPadding=3 border=0><TBODY><TR align=right><TD colSpan=2>Absolute Drawdown:</TD><TD colSpan=2>0.00</TD><TD colSpan=4>Maximal Drawdown:</TD><TD>0.00 (0.00%)</TD><TD colSpan=3>Relative Drawdown:</TD><TD colSpan=3>0.00% (0.00)</TD></TR><TR><TD style="FONT: 1pt arial" colSpan=13> </TD></TR><TR align=right><TD colSpan=2>Total Trades:</TD><TD colSpan=2>84</TD><TD colSpan=4>Short Positions (won %):</TD><TD>45 (100.00%)</TD><TD colSpan=3>Long Positions (won %):</TD><TD colSpan=3>39 (100.00%)</TD></TR><TR align=right><TD colSpan=8>Profit Trades (% of total):</TD><TD>84 (100.00%)</TD><TD colSpan=3>Loss trades (% of total):</TD><TD colSpan=3>0 (0.00%)</TD></TR><TR align=right><TD colSpan=2>Largest</TD><TD colSpan=6>profit trade:</TD><TD>37.82</TD><TD colSpan=3>loss trade:</TD><TD colSpan=3>0.00</TD></TR><TR align=right><TD colSpan=2>Average</TD><TD colSpan=6>profit trade:</TD><TD>11.03</TD><TD colSpan=3>loss trade:</TD><TD colSpan=3>0.00</TD></TR><TR align=right><TD colSpan=2>Maximum</TD><TD colSpan=6>consecutive wins ($):</TD><TD>84 (926.68)</TD><TD colSpan=3>consecutive losses ($):</TD><TD colSpan=3>0 (0.00)</TD></TR><TR align=right><TD colSpan=2>Maximal</TD><TD colSpan=6>consecutive profit (count):</TD><TD>926.68 (84)</TD><TD colSpan=3>consecutive loss (count):</TD><TD colSpan=3>0.00 (0)</TD></TR><TR align=right><TD colSpan=2>Average</TD><TD colSpan=6>consecutive wins:</TD><TD>84</TD><TD colSpan=3>consecutive losses:</TD><TD colSpan=3>0</TD></TR></TBODY></TABLE>

as you can see 100% profit..
  • #1,556
  • Nov 14, 2006 10:32pm Nov 14, 2006 10:32pm
Quoting glenn5t
MoneyMa$ter

I have taken a copy of your settings for a standard account and well be looking very hard at them when the time comes for me to change....

If you change them would you send me a copy of the changes..

Glenn

Sure. No prob. It'll be nice to have someone to trade ideas with for FireBird Standard.
  • #1,557
  • Nov 14, 2006 10:43pm Nov 14, 2006 10:43pm
you have a deal....lol...
  • #1,558
  • Nov 14, 2006 10:48pm Nov 14, 2006 10:48pm
<?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" /><v:shapetype id=_x0000_t75 stroked="f" filled="f" path="m@4@5l@4@11@9@11@9@5xe" oreferrelative="t" o:spt="75" coordsize="21600,21600"> Outstanding results Glenn!!</v:shapetype>
<v:shapetype stroked="f" filled="f" path="m@4@5l@4@11@9@11@9@5xe" oreferrelative="t" o:spt="75" coordsize="21600,21600"></v:shapetype>
<v:shapetype stroked="f" filled="f" path="m@4@5l@4@11@9@11@9@5xe" oreferrelative="t" o:spt="75" coordsize="21600,21600">Attached please see the winning percentage for FireBird Standard.</v:shapetype>
<v:shapetype stroked="f" filled="f" path="m@4@5l@4@11@9@11@9@5xe" oreferrelative="t" o:spt="75" coordsize="21600,21600"></v:shapetype>
Attached File(s)
File Type: doc Trading Percentages.doc   128 KB | 598 downloads
  • #1,559
  • Nov 14, 2006 11:12pm Nov 14, 2006 11:12pm
Looks like Mellisa's much higher negative float using Skyline/Mono's settings is a result of running on M5? So, running M30 as Skyline does will yield greater profit with less neg. float?

Quoting traderlismiss
Hi Skyline and good to see you back in the thread. As I said in my post, your settings are yielding more profit but my float has been around 30% of profit , not 30% of the account. That is probably acceptable but I do think a little higher pipstep is better suited for me. I hope you will get back into improving this firebird ea, since you started the thread and worked very hard on the ea we all now enjoy. I know you have been working some on Orangeroshan's method and it looks quite promising but I do hope you come back and stick around here some more.
Thanks
  • #1,560
  • Nov 14, 2006 11:19pm Nov 14, 2006 11:19pm
Mellisa, Glenn, cgldsmth...

Thanks for responding with details on the settings/pairs/timeframes you're using to generate the results you're posting. Glenn, thanks in particular for your insight on how you've been going about changing/updating settings. Making wise decisions there comes from much experience and a keen understanding of how all of this works. I think this is the one area we testers and "live runners" of this EA can really help one another.

And, Money Master, I'm sure there will be more standard lot folks jumping on the bandwagon soon to compare notes with you. Thanks for your contributions.

And of course, skyline, thanks for chiming in and all of your contributions.

And, I'd like to thank my mother and my father... (oops, haven't gotten the Oscar, at least not yet...)

I'll begin testing soon likely with some combination of these settings and will report back after having accumlated enough meaningful data.

Cheers

Bill (hot on Firebird)
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