Firebird EA - fixed version - | Page 85 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

which version of firebird are you using on live account? 12 replies

Firebird V1.0 an amazing EA ! 33 replies

Going live with Firebird 38 replies

My firebird is a roast cornish game hen 3 replies

Attachments: Firebird EA - fixed version -
Exit Attachments

Firebird EA - fixed version -

  • #1,681
  • Nov 21, 2006 2:46am Nov 21, 2006 2:46am
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 143328" vAlign=top><TD class=alt1 align=middle width=125>cgldsmth</TD><TD class=alt2>re. all trades being shorts. This is why I switched to the hedge version, so at least FB makes money on it's way while trending. what I really want is some coding expert to be able to alter the TP level so that the hedge trade in the trending direction is greater than the counter-trend trade.</TD></TR></TBODY></TABLE>



Intresting you say that because I have the Hedge version running on a demo and it has opened all short positions as well.??
  • #1,682
  • Nov 21, 2006 2:48am Nov 21, 2006 2:48am
is that version 3? that one didn't place proper hedge orders for me, so I use v2.
TRADE FOR SWAP
  • #1,683
  • Nov 21, 2006 2:51am Nov 21, 2006 2:51am
[quote]<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 143336" vAlign=top><TD class=alt1 align=middle width=125>cgldsmth</TD><TD class=alt2>is that version 3? that one didn't place proper hedge orders for me, so I use v2.</TD></TR></TBODY></TABLE>



Sorry cant answer that one can you give me the version 2 file..

Did not know there was a version 2?
  • #1,684
  • Nov 21, 2006 2:56am Nov 21, 2006 2:56am
just checked the one i have is 63H04-ts
  • #1,685
  • Nov 21, 2006 3:07am Nov 21, 2006 3:07am
here's version b2
Attached File(s)
File Type: mq4 Firebird_v1.0b2.mq4   27 KB | 535 downloads
TRADE FOR SWAP
  • #1,686
  • Nov 21, 2006 6:37am Nov 21, 2006 6:37am
With all this talk of trading standard lots Firebird, I got to thinking... What is different? Isn't a standard account just scaled up by a factor of 10? If you have Firebird dialed in to where it is running good, really good. And you are happy with the percentages (float and drawdown) Then how is it anything more then just physiological having an extra '0' ? If you look just at the percentages and the pips it shouldn't be as tough on your emotions, yes, no??

Having said all that, the one thing I could think I could think of that would mess it all up is not being able to trade fractional standard lots, which could mess your money management up. Any other pitfalls??

MoneyMa$ter, any words of wisdom here?


Rusty
  • #1,687
  • Nov 21, 2006 7:21am Nov 21, 2006 7:21am
Quoting cgldsmth
re. all trades being shorts. This is why I switched to the hedge version, so at least FB makes money on it's way while trending. what I really want is some coding expert to be able to alter the TP level so that the hedge trade in the trending direction is greater than the counter-trend trade.
You should be able to set HedgeTakeProfit variable in v1.0b2 and v1.0b3 versions to a higher value.

Wackena
  • #1,688
  • Nov 21, 2006 8:13am Nov 21, 2006 8:13am
First off, Let me say thanks to all those whose time & effort have developed what we know, as Firebird! I love it! I have read this complete thread....and re-read at least 1/2 of it again.
My question is this. I opened a $300. mini w/IBFX, running FB ver 2.0, percent=1.0, lots=.1 and MM on. It is trading ~ 1 penny per pip. I changed lots to 1.0 and its still trading a ~1 penny per pip. Which line do I change in order to change the lotsize traded to ~.10 per pip..or..1.00 per pip....or is MM overiding my changes due to the small size of the account?
  • #1,689
  • Nov 21, 2006 8:23am Nov 21, 2006 8:23am
Quoting Gforcejunke
First off, Let me say thanks to all those whose time & effort have developed what we know, as Firebird! I love it! I have read this complete thread....and re-read at least 1/2 of it again.
My question is this. I opened a $300. mini w/IBFX, running FB ver 2.0, percent=1.0, lots=.1 and MM on. It is trading ~ 1 penny per pip. I changed lots to 1.0 and its still trading a ~1 penny per pip. Which line do I change in order to change the lotsize traded to ~.10 per pip..or..1.00 per pip....or is MM overiding my changes due to the small size of the account?
When UseMM=true, then Lots input is not functional. You need to change the Risk input to change lot size. Risk is percent of AccountEquity you want to risk per trade.

If you manually want to set lot size, then UseMM=false.

Wackena
  • #1,690
  • Nov 21, 2006 8:35am Nov 21, 2006 8:35am
Quoting Gforcejunke
First off, Let me say thanks to all those whose time & effort have developed what we know, as Firebird! I love it! I have read this complete thread....and re-read at least 1/2 of it again.
My question is this. I opened a $300. mini w/IBFX, running FB ver 2.0, percent=1.0, lots=.1 and MM on. It is trading ~ 1 penny per pip. I changed lots to 1.0 and its still trading a ~1 penny per pip. Which line do I change in order to change the lotsize traded to ~.10 per pip..or..1.00 per pip....or is MM overiding my changes due to the small size of the account?
1) What 'Risk' are you using, and what is the lot size that Firebird is trading with. ('percent' has to do with the channel Firebird uses to produce trade signals, not percent risk)
2) If you set MM to '0' or 'False' it will turn MM off, and then 'Lots' will be the number of lots Firebird will trade with.

If you decide to overide the MM and manually set lot size, start with .05 lots, and watch how it works for a couple of days. Once you are familiar with it, SLOWLY increase lot size. I would set 'pipstep' to 40, that way it wont open too many trades if the trend goes against you. Float is the killer here, negative float that is. I would set 'MaxOpenOrders' to something like 3, instead of the default of 10. At 3 orders you are already 80 to 120 pips away from the opening of the initial order, assuming a 'pipstep' of 40. it couild take a while for that pair to turn around and move 80 pips in your direction, and that could take a while, all along leaving you with -float. With a $300 account, you wont last long with a high -float. What is a high -float?? that I am not sure of yet. I currently have about 15% of my Account balance as negative float. I am not sure if that is too high or not, I would like to see it lower though, maybe someone else can chime in on their Float?? Good luck, I hope this helps

Rusty

ps Someone beat me to a reply
  • #1,691
  • Nov 21, 2006 8:44am Nov 21, 2006 8:44am
My negative float is 21%. Probably too high.

I will work on a more conservative firebird to get that down.
  • #1,692
  • Nov 21, 2006 10:01am Nov 21, 2006 10:01am
Thanks Wackena.

Rusty105:

Risk is set at 5, FB trading ~penny per pip (.01 or .02 lots), Max open orders 10.
  • #1,693
  • Nov 21, 2006 10:18am Nov 21, 2006 10:18am
OK so MM is working... but I am not really fond of the way Firebird calculates lots for its MM routine. You could increase 'risk' to about 17 and it would then be trading .05 lots, based on a $300 Account Equity. And then your lots would increase or decrease based on your Account Equity.

Rusty

ps still would reduce the max open orders to 3 or so
  • #1,694
  • Nov 21, 2006 10:19am Nov 21, 2006 10:19am
Hi,
Can anyone please tell me where I can find the settings and instructions for this system, or is it a case of starting off from page No. 1 and reading all the messges.
  • #1,695
  • Nov 21, 2006 10:48am Nov 21, 2006 10:48am
Noel,

There are many different versions as well as settings. You could probably get a good deal from reading the last 10 or 15 pages. I know there are some posted versions and settings. It couldn't hurt to read from the beginning, if you have time.

Good luck,
  • #1,696
  • Nov 21, 2006 11:34am Nov 21, 2006 11:34am
Quoting glenn5t
just checked the one i have is 63H04-ts
Glenn, I don't think that is a hedge version. The H refers to a fellow named Hendrick who modified that version. It has a "safe area" calculated as another filter.

The hedge version is 1.0b2 or 1.0b3.
Don Life is expensive, but includes a free trip around the sun.
  • #1,697
  • Nov 21, 2006 12:12pm Nov 21, 2006 12:12pm
Hi Glenn and to others,

Do you all close out trades on Friday regardless of negative float?

Quoting glenn5t
[code]

Originally Posted by Piece Of The Pie
Now I am using
TP = 40
SL = 300
TS = 30
PipStep = 40

On those settings your losses should be zero.... (mini account)

You made 740 pips in one week???

Are you on a standard account....????

Glenn
  • #1,698
  • Nov 21, 2006 12:26pm Nov 21, 2006 12:26pm
mmmm....I can't seem to find HedgeTakeProfit function in 1.0b2.

Quoting wackena
You should be able to set HedgeTakeProfit variable in v1.0b2 and v1.0b3 versions to a higher value.

Wackena
TRADE FOR SWAP
  • #1,699
  • Nov 21, 2006 1:13pm Nov 21, 2006 1:13pm
Thanks guys...


The 63H04-ts is doing well with a standard account at the moment...but will try v1.0.


sinclap.

I close my computer down for me on Saturday late morning and start it up Monday midday.
No matter what the float is.

With regard to changing the script/lot size....I dont know about anyone else but after all changes I have to close the browser and reboot the computer. then delete the charts with FB and open and reload them again if I dont the changes dont take place.

And todate i have found v63G-ts better then v2 on a mini account...

V63G-ts has run live without lose for 7 weeks.....V2 on a demo returns at best 60% .

Glenn
  • #1,700
  • Nov 21, 2006 1:19pm Nov 21, 2006 1:19pm
Melissa,

Thanks for the reply.
1 trader viewing now