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Firebird EA - fixed version -

  • #1,961
  • Feb 15, 2007 2:41pm Feb 15, 2007 2:41pm
Is anyone still forward testing/developing firebird/running it live or have peole given up on it?

Also is 65 the newest version?

Thanks
  • #1,962
  • Feb 15, 2007 7:49pm Feb 15, 2007 7:49pm
In your experience, what time frame has produced the best overall results with v.3.2? I understand that EA makes more trades on shorter time frame but more trades is'nt always better. I'm doing a backtest for 2006 EUR/USD on a 1Hr. chart and account is up 5% through Jan. 20th. Also ,what are your guidlines on adjusting the float percent during a trade. Should the float percent be left at 30% or changed during a trade to protect gains ? Thank you Wakena for this fantastic looking EA.
  • #1,963
  • Feb 16, 2007 6:39am Feb 16, 2007 6:39am
I"m not sure who created this EA but thank you whoever traderseven is.
  • #1,964
  • Feb 16, 2007 6:40am Feb 16, 2007 6:40am
The last version that I coded is Firebird 3.2 and is attached. Other versions are located here.
http://www.accrete.com/fx-mirror/mt4-firebird/

I've found out the hard way that Firebird (any version) will lose money if not manually controlled when needed. FB is a reverse trend EA in that it waits till price reaches either upper band and enters sell order or lower band to enter buy order. The concept is that the price will eventually reverse to take profit. Before it reverses, PipStep orders will be placed while price continues to move up (Sell PipStep orders) or down (Buy PipStep orders). If the trend continues, the 300 pips Stoploss gives possibility of many PipStep orders. This can lead to high DrawDowns. You much decide if trend is worth staying in or manually close order/s for small lost. Also, in most instances, the price never reverses enough to close all orders in profit. So you much also decide when to close a long term open order.

This is experience only, no set rules. If you can learn when to stay in and when to get out, this EA can make profits as I have run 3.2 in profit for several months.

The hedge function places both Buy and Sell orders when PipStep order is called. I've found this improves profits, but will also have more occurrences where manually intervention is needed.

The MA_timeframe=15 and I have not changed this. On M5 chart selection, you will have more orders and higher DrawDowns. Lately I use M30 chart selection and it seems to slow down number of trades and reduced high DrawDowns. I think M30 predicts trends better.

The EquityProtection feature in 3.2 is not the best code. Setting the Float Percent correctly needs to be constantly changed in relation to Account Balance, and so, I don't use it.

Wackena
Attached File(s)
File Type: mq4 Firebird v3.2.mq4   30 KB | 1,692 downloads
  • #1,965
  • Feb 16, 2007 6:45am Feb 16, 2007 6:45am
Could you tell me what time frame you were trading your $200 real money account on ? I'm guessing it was the 5min.chart. Are you still trading this account and how is it doing? Thanks
  • #1,966
  • Edited 3:50am Feb 19, 2007 3:27am | Edited 3:50am
Hey guys look at this account statement, this is an Real Investment Company account statement performance. I guess they are using firebird, but i have no idea which version and settings they are using.
Does any one can help to take a look of what they are using, because i think if we can get to know what they are using its gonna be great.
This is a real investment company that have thousands of retail investor, i think they manage around $100.000. I think they wont be stupid enough to open a company and their ea doesn't work well, so guys check it out!.
Attached File(s)
File Type: zip details.zip   13 KB | 1,078 downloads
  • #1,967
  • Feb 19, 2007 5:16am Feb 19, 2007 5:16am
Quoting bazdut1
Hey guys look at this account statement, this is an Real Investment Company account statement performance. I guess they are using firebird, but i have no idea which version and settings they are using.
Does any one can help to take a look of what they are using, because i think if we can get to know what they are using its gonna be great.
This is a real investment company that have thousands of retail investor, i think they manage around $100.000. I think they wont be stupid enough to open a company and their ea doesn't work well, so guys check it out!.
Hi,

I think they are using Multilots EA or DLMv EA which can produce high return in ranging markets but also huge drawdown when the trend is strong.
See the following link
http://elcactus.com/index.php?option...ileinfo&id=303

Thierry
  • #1,968
  • Edited 10:11am Feb 20, 2007 9:41am | Edited 10:11am
Quoting bazdut1
Hey guys look at this account statement, this is an Real Investment Company account statement performance. I guess they are using firebird, but i have no idea which version and settings they are using.
Does any one can help to take a look of what they are using, because i think if we can get to know what they are using its gonna be great.
This is a real investment company that have thousands of retail investor, i think they manage around $100.000. I think they wont be stupid enough to open a company and their ea doesn't work well, so guys check it out!.
To determine entry points they may use any EA which exist, because statment result has pure Martingale money management system.
  • #1,969
  • Feb 22, 2007 6:39pm Feb 22, 2007 6:39pm
I am currently running this in a demo account $10,000 1:100 (similar to what I would open, after some more demo, micro, mini) on the 6 major pairs it is + $1,962.67 as I am writing this it has traded all the pairs throughout the week. It did not take one losing trade so far. Of course I would expect it to do so. I am prepared for that happening. My question is this-there is one trade open that it neglected to modify order and place a trailing stop like all the other trades.....is that somewhat common? If it hits the initial hard stop it will take back half the profit. Any input\suggestions always appreciated.
  • #1,970
  • Feb 22, 2007 7:16pm Feb 22, 2007 7:16pm
Quoting bazdut1
Hey guys look at this account statement, this is an Real Investment Company account statement performance. I guess they are using firebird, but i have no idea which version and settings they are using.
Does any one can help to take a look of what they are using, because i think if we can get to know what they are using its gonna be great.
This is a real investment company that have thousands of retail investor, i think they manage around $100.000. I think they wont be stupid enough to open a company and their ea doesn't work well, so guys check it out!.
for the first statement, $106 for a $1000 balance in two weeks, is not quite impressive;

for the second one, i don't really get, it how can it be: $6 profit out of 15 pips @0.04lot trade
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #1,971
  • Feb 22, 2007 8:46pm Feb 22, 2007 8:46pm
After considering this a little more carefully I am reasonably new to trading. I (attempted to on paper for some months but gave up) and only recently decided to stick my big toe back in the pool. Seems the EA actually placed the modified order to move the stop to break even and for some reason the broker didn't accept the request, is this common with EA's and brokers? Or is it just a demo thang? If that were not the case the account would be up to around $2200
  • #1,972
  • Mar 6, 2007 10:34am Mar 6, 2007 10:34am
I just discovered the Firebird thread - yeah I have been out of it for a long time, but trying to get back into self trading forex.

I read on the previous to last page that the author of the EA believes it will eventually lose without manual intervention, which is fine as I am not looking to fully automate trading. The question is what version of the EA is recommended to use and who has some of the latest forward testing results?

Cheers
  • #1,973
  • Mar 6, 2007 11:34am Mar 6, 2007 11:34am
I have demo tested many variations of firebird as im sure many have, the only version that did well for me was the original 63G version, but watch the market and turn it off as soon as you think its trending otherwise you're gonna have a massive drawdown even if it doesnt wipe you out.

Find it here; http://www.accrete.com/fx-mirror/mt4-firebird/
  • #1,974
  • Mar 7, 2007 6:27am Mar 7, 2007 6:27am
Quoting raven
I have demo tested many variations of firebird as im sure many have, the only version that did well for me was the original 63G version, but watch the market and turn it off as soon as you think its trending otherwise you're gonna have a massive drawdown even if it doesnt wipe you out.

Find it here; http://www.accrete.com/fx-mirror/mt4-firebird/

Thank you for the reply Raven. I am very far from an expert, but I understand that Osciliator signals (Stochastics for example) are used to identify pivot points and they signal when a trend is about to change or end. Whereas trending indicators are reactive and slightly delayed in identifying the end or change in a trend, Oscilitator signals can be used to "predict" and be proactive. I will have to take a look at the firebird EA and indicators. Maybe adding an indicator or two will help in determining when the trend is over.

Cheers
  • #1,975
  • Mar 20, 2007 8:07am Mar 20, 2007 8:07am
why i use fb3.2 no open trend after 2 days?
  • #1,976
  • Mar 20, 2007 8:21am Mar 20, 2007 8:21am
Quoting moneymaxs
why i use fb3.2 no open trend after 2 days?
Hi,

Do you want some more action? try V63g original version...and fasten your seat belt...
but please be cautious, it can give you great returns, but in a matter of hours it can blow out your account also...
I posted my conclusion on FB...see post 1955...

Hope this helps...

Regards
  • #1,977
  • Mar 20, 2007 11:29am Mar 20, 2007 11:29am
can u help me attach statement for backtest firebird v0.65 with 90% modeling quality

pair
EURUSD
USDJPY
GBPUSD
USDCHF

Thank you
Attached File(s)
File Type: mq4 Firebird v0.65.mq4   12 KB | 791 downloads
  • #1,978
  • Mar 22, 2007 8:18pm Mar 22, 2007 8:18pm
Hello firebirders,

I had just finished to read some threads about firebird, here in forex factory and at forex-tsd, where many people from here also post messages and contribute for our EA.

I was working in firebird since 04/2006 alone (just with a friend of mine). A month ago we decided to look at the firebird community's work. We are very happy about so good work we found here. Congratulations people.

About the development of the EA and the tests done untill now we consider that there is a divergence compared with our work. Since fiorebird is conter-trend strategy, we think that is just possible to talk about trend in a 1 hour (60M) timeframe.

We have much more to share with the community, but let's by step-by-step. We would like to hear you about the timeframe divergence.

One last statemente: the post 1506 is simply amazing, but it was not commented by the community. We would like to ask you to consider that again.
  • #1,979
  • Mar 23, 2007 7:17am Mar 23, 2007 7:17am
Quoting emilson
Hello firebirders,

I had just finished to read some threads about firebird, here in forex factory and at forex-tsd, where many people from here also post messages and contribute for our EA.

I was working in firebird since 04/2006 alone (just with a friend of mine). A month ago we decided to look at the firebird community's work. We are very happy about so good work we found here. Congratulations people.

About the development of the EA and the tests done untill now we consider that there is a divergence compared with our work. Since fiorebird is conter-trend strategy, we think that is just possible to talk about trend in a 1 hour (60M) timeframe.

We have much more to share with the community, but let's by step-by-step. We would like to hear you about the timeframe divergence.

One last statemente: the post 1506 is simply amazing, but it was not commented by the community. We would like to ask you to consider that again.
Well, the post #1506 by ptangbizkit really contained great ideas. Here is the post quoted:
Quoting ptangbizkit
Wakena, skyline, MM, I'd like your opinions before I go ahead and program a TRAILING ENTRY into 63G TS. The idea is that birdy would set its original place for entry, start a trailing count from there, if price continues rising, it doesnt place an order, it doesnt place the order until price has stopped rising and retraced, a buffer of 5-8pips should work sufficiently from what i have seen so far. I hope I have gotten the idea across, the other good thing is that with divergence protection on, if price continued on its way up, divergence would stop a potential order in a trend onset.

1, Would this be a good idea in general?
2, What version of birdy would be suitable as a base?
3, Would you agree with the 5-8pip buffer?

Regards,
Sean.

Lets give this birdy wingspan.
My opinion:
1, Yes, it would be quite a useful idea.
2, Probably 63G TS or 65tf.
3, Both the delayed (trailing) entry and divergence protection idea are great.

I can imagine that ptangbizkit has already implemented his ideas...
  • #1,980
  • Mar 23, 2007 8:07am Mar 23, 2007 8:07am
Quoting wackena
The last version that I coded is Firebird 3.2 and is attached. Other versions are located here.
http://www.accrete.com/fx-mirror/mt4-firebird/

I've found out the hard way that Firebird (any version) will lose money if not manually controlled when needed. FB is a reverse trend EA in that it waits till price reaches either upper band and enters sell order or lower band to enter buy order. The concept is that the price will eventually reverse to take profit. Before it reverses, PipStep orders will be placed while price continues to move up (Sell PipStep orders) or down (Buy PipStep orders). If the trend continues, the 300 pips Stoploss gives possibility of many PipStep orders. This can lead to high DrawDowns. You much decide if trend is worth staying in or manually close order/s for small lost. Also, in most instances, the price never reverses enough to close all orders in profit. So you much also decide when to close a long term open order.

This is experience only, no set rules. If you can learn when to stay in and when to get out, this EA can make profits as I have run 3.2 in profit for several months.

The hedge function places both Buy and Sell orders when PipStep order is called. I've found this improves profits, but will also have more occurrences where manually intervention is needed.

The MA_timeframe=15 and I have not changed this. On M5 chart selection, you will have more orders and higher DrawDowns. Lately I use M30 chart selection and it seems to slow down number of trades and reduced high DrawDowns. I think M30 predicts trends better.

The EquityProtection feature in 3.2 is not the best code. Setting the Float Percent correctly needs to be constantly changed in relation to Account Balance, and so, I don't use it.

Wackena
I'm using this version but all of a sudden yesterday it placed two orders of 1.28 lots. I have the EA set for 0.01 lots. Something I've set wrong? Also how is v0.65 doing for you guys? Not to good for me. What are the best settings?
Thanks
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