Firebird EA - fixed version -

Yes, you can. Put them on different charts and change the magic number.

Regards,
Jeff

"Lost in Space" Hmm never heard of this one. Do you have a link?

Rusty

Hi,

I have used the Firebird EA v1.0c with great results. I used the original settings in the first post, with TF 1M on E/U.

I gone through several posts in this thread and it seems that many traders prefer the original 63g version better than other versions. Didn't this version have problems such as multiple orders?

Traders also seem to prefer G/U and USD/CAD with other timeframes than 1M. Some mention that U/J is good as well, but others say that the JPY-pairs doesn't work well.

It would be interesting to know what versions of the EA that people prefer, on which pairs and timeframes? It would also be nice to know how profitable this EA has been for traders in this thread?

This can be a very profitable EA, but it is aggressive, so it would be nice to hear different opinions of how to tweak the settings. Hopefully we can all learn from each other and earn some extra pips!

Happy trading!

Archie

Fire Bird V1.0a

It is now in my Demo chart for a about a week . The following
are my observaton about the EA

Did Back tested on all pairs from jan 08 till Aug 08 and the performance
is 95 % ok On JPY/us$

Other pairs are not performing to my expectation

I did the following change in the Settings

Fast EMA original 18 changed to 5

Slow EMA original 24 Changed to 10
DivergenceLimit .0002 changed to .0005

The above changes are made duing my back testing process and I have found the number of loss has reduced after the change in the settings

My other observations are

Avoid EA during news time
Avoid EA during market change over like Japan to UK& Europe ad the last part
of US market

Very good ea

can you add a stop loss and a lot's multiplier?

Stax

I used this EA in the early days, with some degree of sucess however it only works in a ranging market and will blow your account in a trending market.
I thought this thread had been closed.

All I can say is move on, dont waste your time with it...

Glenn

Hi Kevin,

Do you put any indicators on your 5 mim chart?

Thank you!

This why I need the stoploos, and if possible, a trailing stop...

How often does this EA trade? I'm running it v3.1 on EURUSD and USDJPY on M30 timeframe. I left it running overnight but no trades. It does fine in backtests, over 500 trades in a 1 month period on both pairs.

It has the smiley face in the corner so I know its working

Hi guys,

This is my first post on FF, although I’ve been lurking on FF forum for about a year, I see that this thread is freezing, so I just wanted to share my thought hoping for good feedbacks from all you guys. So here’s my thought,

I’m busy doing my job since I’m an employee, so I wanted to have a minimum control of my chart, I just want a daily control, secondly there is no EA that works forever since the market is changing overtime so I have to “drive” the EA manually ( set the EA “Long only” or “Short only”), I’ll show you how.



1. Put the EA on 5 Min chart
2. Put the template and indicator on your daily chart


How to start and “drive” the EA
1. See the trend on daily chart just like the pic below,
2. When you see the trend down on daily chart, “Drive” the EA “Short only” on your 5 min chart, and vice versa
3. When you see the trend is changing on daily chart then you have to “drive” your EA on 5 min chart accordingly


Maybe theres a question, if you see the trend is clear so why you have to use this EA? My experience is that this EA can catch pips more than the market pip range , for example from January 1st Jan to January 7th the price move down for 500 pips, then this EA can catch more than 500 pips from the price retracement, just try this EA on back test for 1 month on Aug 2008 you will see that.


Less stress because you don’t trade news and not sit in front of your computer for a long time, just check it once a day.


I used GBPUSD and EURUSD or you can try another pair, just look for the pair that shows a clear trend in mid or long term

Default setting for the EA is set to 5 digit broker platform, you can change it, and also the TP and pipstep as you feel comfort.


I know there’s gotta be a negative side from this “EA drive” thing, I know some but I prefer to hear the feedback from you guys.


English is not my default language, so…sory for my bad English.


Samurai Power

SamuraiPower,

Thanks for the idea, I will try for a week and post feedback here.

Regards,

I putted firebird 1.0c on all the pairs with different settings as described in post 1 i enabled money management and run it now on my VPS. Problem is i have 50% drawdown with MM enabled ???? 5000$ down to 2500$ in 24h....Why is that it seems strange having enabled MM and position sizing is right. Smth wrong with the strategy ??

Hi SamuraiPower,

Thank for your idea.. are u using default setting? how about TP and SL?

Thank

sory hard to write on PDA,
ok SL is 300 but it save as long as you go with the trend, the problem is when the trend is changing sometimes it still profit for the day, but when the price moves more then you might get minus for the day, but overall the loss still can covered by few days profit, for now I set TP to 100pips becouse the market moves in large range, the rest setting is default according to ea i attach, got 200 pips today till now. But dont try this in real acc before you understand everything bout this setting, try this for a month, you might get 1000 pips, happy to recieve feedback from you guys.

regards

Hi SamuraiPower,

very interested in your method,

I am a newbie
and there is something I have not understand in your words

what do you mean for daily trend?
when you open MT the candle you see?
the candle of the day before?

And for day do you mean the day of the market you are workin with?


thanks for your information

iopoipoi

Hi SamuraiPower,

I have a question too. do you use default EA's settings to both of EURUSD and GBPUSD ? If it is not, can you attach your set files ?

Best regards,
Viatoris

q
f
very interested in your method,

I am a newbie
and there is something I have not understand in your words

what do you mean for daily trend?
daily trend is where u determine the trend, thats where u put the indicator and the template
when you open MT the candle you see?
i confirm the major trend first from the daily chart and then i move to 5min chart where i put the ea and then drive the ea according to the trend on the daily chart
the candle of the day before?
just see the arrow up or down confirmed by the color of the candle from the heiken ashi indicator, that where u see the major trend.
And for day do you mean the day of the market you are workin with?
yup


thanks for your information

iopoipoi[/quote]

a
I have a question too. do you use default EA's settings to both of EURUSD and GBPUSD ?

yes, and for other pairs too, the only setting I changed is the TP, according to the pair, for eurgbp i use 40 as default, but for now i use 100 as my default TP

If it is not, can you attach your set files ?

well i think i dont have to right?


Best regards,
Viatoris[/quote]

200 pips again for today, TP is 100 pips, for newbies just becarefull to use this setting, it might be dangerous.use money management according to your budget,use small percent of risk just incase drawdown happens in early live trading becoz that what was happens to me, blow my account twice, dettach your emotion is very important becoz u might get a differet result by checking your chart every hour, just check it one or two per day, but if u doubt so dont trade, thats the point of this setting, less stress right? dont think the money, just think it as number. demo it for minimum 1 month.


just to let u know that its difficult to write on the pda in the midle of annual meeting and training with lots of job request from the boss.

wish us all the good pips in this universe

regards

thank you so much SAMuraiPower!

I will let you know my results!!

thankssssssssssssssssssssss