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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 -

  • #2,001
  • Jun 7, 2007 6:55am Jun 7, 2007 6:55am
I noticed that all other Firebird versions except v3.2 has this comment for SL;
Stoploss = 300;// total loss on all open positions in pips

Firebird v3.2 just has Stoploss = 300

I haven't noticed v3.2 close out all positions all at once if that's what that means ?? It just sets a SL and TP for each individual trade.

Was the code changed in v3.2? I noticed that Trailing Stop and Hedge doesn't seem to work all that well either in v3.2. I haven't needed it but I've seen it do it and seen it not do it when the trade is loosing.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,002
  • Jul 31, 2007 2:51am Jul 31, 2007 2:51am
this ea is crazy and a money machine but you'v know how to deal with it espically dealing with money mangment .....however , didn't produce a real money coz i'm still testing and looking for the proper settings


63g still the one whichs works all the time...
  • #2,003
  • Sep 6, 2007 7:05pm Sep 6, 2007 7:05pm
Hi

Does any running this EA live. I m forward testng and giving good result so far last 4 days.

I want to know if somebody is running this EA for long time and successful.

Can somebody post the live results

thanks

JK
  • #2,004
  • Sep 6, 2007 7:41pm Sep 6, 2007 7:41pm
I have also been forward testing last 2 weeks using IBFX and have only had one loss on the GBP/JPY. But have since removed that pair and have had zero losses. This EA still seem to be a winner except in a heavy trend. The GBP/USD I am also forward testing and is becoming a bit of a concern. Not sure if a trend is developing, because my largest negative trades open as of today remain in that pair...hmm I guess we'll see. Still only halfway through reading this entire thread but have learned alot since starting Firebird in the last 2 weeks.

henyloc
  • #2,005
  • Sep 6, 2007 8:53pm Sep 6, 2007 8:53pm
go firebird,
I dont' think there is one single person who runs this thing live over long period that is successful, I could be wrong tho, anyone out there, I wish it worked long term without taking on and off, but I think it might be to much to ask of it.
  • #2,006
  • Sep 6, 2007 10:18pm Sep 6, 2007 10:18pm
Quoting henyloc
I have also been forward testing last 2 weeks using IBFX and have only had one loss on the GBP/JPY. But have since removed that pair and have had zero losses. This EA still seem to be a winner except in a heavy trend. The GBP/USD I am also forward testing and is becoming a bit of a concern. Not sure if a trend is developing, because my largest negative trades open as of today remain in that pair...hmm I guess we'll see. Still only halfway through reading this entire thread but have learned alot since starting Firebird in the last 2 weeks.

henyloc
I am running version 1.0a with setting variable mono settings. and i have 6000 in profit with 1700 floating losss( 0 loss in closed position)......I have atleast 50 positions open .... and over 300 positions closed in 4 days..

I m curious since u have 0 loss and what verison are u running.... there are too many versions so i m bit confused which one is the best one.. I hope somebody can clarify the version history here....
  • #2,007
  • Sep 7, 2007 2:11am Sep 7, 2007 2:11am
Hello jkdon,

I am using version 63G-TS. I'll need to get back to you as far as the settings go but I did get the settings provided on a previous post. While reading this thread i've been taking notes and I can tell you that Accrete offered a link to an invaluable resource dedicated to the Firebird EA on post# 228. Im not sure how much of this thread you have read, but I strongly recommend going back and reading as much as possible from the beginning of the thread. You will learn almost everything within the first 500 posts. Or atleast enough to choose which version suits you. I personally like the trailing stop function that is in the 63G-TS Version. I hope this helps, Take care.

Henyloc
  • #2,008
  • Sep 7, 2007 2:48am Sep 7, 2007 2:48am
Sorry jkdon, im not sure how to insert files into a post. Im still new at this Forum thing. Working on it though. Im trying to send the settings as a preset file.

Henyloc
  • #2,009
  • Sep 7, 2007 2:58am Sep 7, 2007 2:58am
Quoting henyloc
Sorry jkdon, im not sure how to insert files into a post. Im still new at this Forum thing. Working on it though. Im trying to send the settings as a preset file.

Henyloc
You can include the set files using the manage attachments button below the text entry window when making a post. Since you can't attach the *.set extension you can either change the extension to *.txt or place the *.set file in a zip file. The *.txt file is confusing to some people so be sure to point out they need to change the extension back to *.set in order to use it in the preset directory.
  • #2,010
  • Sep 7, 2007 3:34am Sep 7, 2007 3:34am
Quoting nvwine
You can include the set files using the manage attachments button below the text entry window when making a post. Since you can't attach the *.set extension you can either change the extension to *.txt or place the *.set file in a zip file. The *.txt file is confusing to some people so be sure to point out they need to change the extension back to *.set in order to use it in the preset directory.
thank you nvwine.
  • #2,011
  • Sep 7, 2007 4:25am Sep 7, 2007 4:25am
Quoting jkdon
Hi

Does any running this EA live. I m forward testng and giving good result so far last 4 days.

I want to know if somebody is running this EA for long time and successful.

Can somebody post the live results

thanks

JK
Hi jkdon,
there's a live forward test performed by Newdigital in private section of another forex forum and usdchf performed more than 40000 pips starting from jan 2006 since today using original v0.65 :

1. Firebird v0.65 with 42633 pips. (since January 2006)

Even if the result could be impressive there was a starting 4000 pips drawdown on jan/feb 2006 !!! This clear out that Firebird EA is really dangerous because the drawdown sooner or later will eat all your account/profit in no time.
I replied above statement everytime people ask me by pm/email about Firebird.

Just forget it and move on...
  • #2,012
  • Sep 7, 2007 3:40pm Sep 7, 2007 3:40pm
hi skyline,

firstly i want to say congratulation for you, wackena, mono and all members for the great job.
i already finish my backtesting using Firebird 1.0a...
firebird is a very great EA !!!

here i attach my backtest using firebird 1.0a

for the setting parameter, i only change these item..

pair : euro/gbp
timeframe: 1 minute
takeprofit : 10 pip
lot : 1.0 (using 3000usd capital)

for me euro/gbp is the best pair to use coz news cannot give high impact to them, futhermore is the one pair ..like a ranging trend...


vtecbesaq
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  • #2,013
  • Sep 8, 2007 7:24am Sep 8, 2007 7:24am
Quoting vtecbesaq
hi skyline,

firstly i want to say congratulation for you, wackena, mono and all members for the great job.
i already finish my backtesting using Firebird 1.0a...
firebird is a very great EA !!!

here i attach my backtest using firebird 1.0a

for the setting parameter, i only change these item..

pair : euro/gbp
timeframe: 1 minute
takeprofit : 10 pip
lot : 1.0 (using 3000usd capital)

for me euro/gbp is the best pair to use coz news cannot give high impact to them, futhermore is the one pair ..like a ranging trend...


vtecbesaq
vtecbesaq it's only a question of time, you will lose everything using this EA.
Do a favour to your hard earned money, don't use Firebird EA in a real account. I learned this on my skin and I was lucky very lucky because I exited just before it burned all my real account. Backtest means nothing.
  • #2,014
  • Sep 8, 2007 8:10pm Sep 8, 2007 8:10pm
Thanks skyline for the useful information.
I think the most important thing for those newbies who wants to try firebird is to know that "THERE IS NO MONEY MANAGEMENT BUILD INTO FIREBIRD" and I think that's the killer. People play big with firebird in the hope to make massive money (but they most likely lost the account).
Take example that you only want to try one pair USD/CHF and get those 40000+PIPs over last 1 and half year, what's the money management you should use?
The drawdown is 4000PIPs, so to be safe, we double it to 8000PIPs that the pips you need to survive the drawdown. Then say your maximum tolerance risk for your account is 20% drawdown. If you have US$10000 on "mini" account, then you can only risk $2000 total for that 8000PIPS - that translate to 0.25 lot per trade. Then those 40000 PIPs profit would translate $10000 profit over last 1 1/2 years which is pretty good. It is just not matching the "NEWBIE'S EXPECTATION"~~
Then it is the question of "diversification" - people expected that diversification is good and think it can "minimise" the drawdown. However it is not true for firebird~~ The drawdown are more severe with diversification and believe me it eats all your profit before you ever noticed it. Therefore if you really want to diversify, you need to reduce the trade size further.

By the way, the backtesting using firebird gives totally different result to the live trade so don't backtest it and think you got the holy grail.

Hope it helps everyone.
  • #2,015
  • Sep 9, 2007 9:07pm Sep 9, 2007 9:07pm
Which one is the newest version of firebird?

Thanks
  • #2,016
  • Sep 9, 2007 11:39pm Sep 9, 2007 11:39pm
Quoting skyline
vtecbesaq it's only a question of time, you will lose everything using this EA.
Do a favour to your hard earned money, don't use Firebird EA in a real account. I learned this on my skin and I was lucky very lucky because I exited just before it burned all my real account. Backtest means nothing.
I totally agree with Skyline.

I also traded this EA live . You can see my results earlier in this thread. My risk per trade was 3% and the EA gave great results for several months. Then I lost most of my account in a few weeks during a strong trend. I nearly lost the lot but manually bailed out with 50% or my starting balance. before this period i was up 70%. So starting with a $1,000 account I ran it up to $1,700, then lost $1,200 in a few weeks. Not good.

Do not be decieved by good results for a period of time. 30 pips profits with 300 pip losses will nuke your account sooner or later.

I actually tested this EA with great results for a few months then went live thinking I was now on "easy street". trading this EA went against all that i had come to believe about a good system - but the results were great so it must be good. Certainly this EA give periods with great results but the inevitable losses will wipe you out.

I have attatched my statement as proof. Please refer to the first half of the atatched graph. This is not my only trading account. I mostly use this one for testing, but it's clear that this EA has some serious problems.

Learn to trade properly. Do not waste your time and money with this EA. If you want to trade EAs find one with better stats. personally i would rather learn to trade the "hard" way.

I gave up on EAs after this one, and am slowly rebuilding my account.

There is no easy way. I have certainly learnt that lesson after 4 years of trading. The lessons I have learnt in that time cannot be taught in any other way.

Please do not be deceived by EAs like this. I don;t know what else to say but I feel for people who get caught by in the trap of what at first appears to be "easy riches" only to lose everything in a matter of time.

I am no expert but I am still here after 4 years trading live. So I must be doing something right .

Wiz.
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  • #2,017
  • Sep 12, 2007 9:01pm Sep 12, 2007 9:01pm
Kudos go to TraderSeven for his well thought out Expert. And without second guessing, where would we be as a people? Dwelling in caves, probably. So more thanks to the modifiers who have tried to offset the excentricities of the market and are making real progress.

I learned some helpful things as I start to demo trade on my 10 IBFX platforms, now on Build 210.
1. Do not trade GBP/USD.
2. OK to trade GBP/USD.
3. Do not trade any of the JPY pairs.
4. OK to trade the JPY pairs.
5. Firebird will steal all your money and your self-respect.
6. Stick with Firebird and you will do well and be admired.
7. Never interfere with an Expert or it will not work right.
8. You had better supervise the animal or you know what!
9. Do not quit your day job, newbie.
10.Do not quit your day job, Senior Member.
11.Be sure to include the entire quote of the post you are replying to so the thread can set a new record for length and redundancy. (Is there an Opthalmologist on the Forum?)
12.Do not go to the www.accrete.com/fx-mirror/mt4-firebird resource for all versions of Firebird, lest you miss out on making new friends on the forum by asking lazy-boy questions.
13.Once on the accrete site, do not read the FireBird Manual, version 0.27, or you will appear too smart and shame your fellow posters.
14.Be sure to ask others what parameters they are using so you can blame your poor results on someone else.
15.Forward testing is for dummies, avoid it if possible.
16.Do not spend any more time than absolutely necessary in your quest to be the new George Soros. It is inevitable.
17.Pray non-stop to your personal divinity, but please, do it privately. This is not the opening kickoff of an NFL game.
18.Do respect those who patiently help you. Do your own homework before asking "Do you have an Expert Advisor that can make me rich?"
19.Do continue to post your results in terms of money rather than in PIPS, so it will disguise your results and make others add even more posts to the Forum trying to find what it is that you really did.
20.Please realize that FOREX for individuals is the greatest opportunity you will ever have in your, hopefully, long and happy life. Respect it and take it seriously. Dude.
  • #2,018
  • Sep 12, 2007 9:28pm Sep 12, 2007 9:28pm
hi there sky line, i'm new in forex

i been doing some manual trading and just 1 week ago i got to know about EA.... really late to know something so simple....http://forexfactory.com/images/icons/icon9.gif


what EA u can suggest me to a usd5000 account http://forexfactory.com/images/icons/icon14.gif

regard

anand


Quoting skyline
akFX1
  • #2,019
  • Oct 16, 2007 8:39pm Oct 16, 2007 8:39pm
Hi all
I am currently using Firebird v63H04-TS and I'm wondering if it is possible to amend the EA so that it sounds an audible alert when the EA places the trade? Thanks all!
Runs with bulls, hunts with bears
  • #2,020
  • Oct 17, 2007 7:25am Oct 17, 2007 7:25am
Quoting lakota
Hi all
I am currently using Firebird v63H04-TS and I'm wondering if it is possible to amend the EA so that it sounds an audible alert when the EA places the trade? Thanks all!
Open EA in MetaEditor. Find this section and add changes below in Red. You can use any sound .wav file that is in the Sounds folder or find .wav file on internet or make a new .wav file and add to Sounds folder.

Inserted Code
if( (myMA*(1+Percent/100))<Bid && Direction!=22 && (Bid>=(LastPrice+(CurrentPipStep*Point)) || MyOrdersTotal()==0) && RVI<0 && dealok)              // modified by Renato
 {
      OrderSend(Symbol(),OP_SELL,Lots,Bid,slip,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),GetCommentForOrder(),MagicNumber,0,clOpenSell);                              // modified by Renato
      [color="red"]PlaySound(Alert.wav);[/color]
      ret = 1;
   }   
   
   // Go LONG -> Only buy if >= 30 pips below previous position entry
   if((myMA*(1-Percent/100))>Ask && Direction!=11 && (Ask<=(LastPrice-(CurrentPipStep*Point)) || MyOrdersTotal()==0) && RVI>0 && dealok)  // modified by Renato
   {
      OrderSend(Symbol(),OP_BUY,Lots,Ask,slip,Ask-(Stoploss*Point),Ask+(TakeProfit*Point),GetCommentForOrder(),MagicNumber,0,clOpenBuy);  // modified by Renato
     [color="Red"] PlaySound(Alert.wav);[/color]
      ret = 2;
   }
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