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Firebird EA - fixed version -

  • #1,981
  • Mar 27, 2007 4:11am Mar 27, 2007 4:11am
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
Hi Wackena,
thanks for your EA. I'm testing it and made about 450 pips in one week. I open the platform at 08:00 CET and make the EA running until 21:00 CET without closing any position. I use 30 minute charts. So,the only problem is that we should close some positions wich could give us large losses?so, we should use our discretion?
regards
  • #1,982
  • Mar 27, 2007 4:25am Mar 27, 2007 4:25am
Hi guys,

has anybody tried FireBird at GBPJPY? If yes, which version and what are the results? Thanks for any input
Less is more...
  • #1,983
  • Mar 27, 2007 4:35am Mar 27, 2007 4:35am
why my v63G is not crazy like people say?It open a few positions
  • #1,984
  • Mar 27, 2007 12:33pm Mar 27, 2007 12:33pm
Just keep running it.

You'll see. Hope you are using very small lots.
Don Life is expensive, but includes a free trip around the sun.
  • #1,985
  • Mar 27, 2007 1:32pm Mar 27, 2007 1:32pm
Quoting traderone
Just keep running it.

You'll see. Hope you are using very small lots.
mini lots...Generally there are 2 opened positions
  • #1,986
  • Mar 27, 2007 4:54pm Mar 27, 2007 4:54pm
Quoting matrixebiz
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
Anyone have any guidance for me? I like this system but want to make sure I have it setup correctly? and what version with set file is being profitable.

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,987
  • Mar 28, 2007 11:51am Mar 28, 2007 11:51am
My advice would be: Don't trade with Firebird.
Don Life is expensive, but includes a free trip around the sun.
  • #1,988
  • Mar 28, 2007 12:10pm Mar 28, 2007 12:10pm
Just when you're all comfortable trading Firebird, he will reach around and grab your wallet when you least suspect it. Many have been burned by Firebird.

Quoting traderone
My advice would be: Don't trade with Firebird.
  • #1,989
  • Mar 29, 2007 7:22am Mar 29, 2007 7:22am
Could anyone modify firebird to include a min and max price variables so it will only trade in a specified range?
  • #1,990
  • Apr 10, 2007 10:48am Apr 10, 2007 10:48am
What does the Float percent and Loss level do/mean? FBv3.2

Can someone PLEASE explain to me how the SL works with this? I have it set with a SL of 15pips but it did a trade and SL went to 140 pips. I don't know why the EA didn't close the trade at 15 pips SL ????

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,991
  • May 4, 2007 7:20am May 4, 2007 7:20am
What are the currencies Firefox is designed to work with?
Only; ?? EUR/USD,USD/CHF,EUR/JPY,USD/JPY,USD/CAD,AUD/USD,EUR/CHF,EUR/GBP,AUD/JPY

Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,992
  • May 13, 2007 4:22am May 13, 2007 4:22am
Hi.
in 24 april 2007 i started a 3 mini demo accounts with 3 versions of FB.

FireBird_v1.0a, FireBird_v1.0c1, FireBird_v3.2

Default seting 30.300.30 TimeFrame=30, and M1 charts.

500$ for each account, and 9 pairs in trading.

GBP/USD,EUR/USD,USD/CHF,USD/CAD,USD/JPY,EUR/JPY,EUR/CHF,AUD/USD,GBP/JPY

and the best results , with huge gap for the FireBird_v1.0a.

about 900% profit in 3 weeks. 0 loss

P.S - Sorry for my week english. it's not my native language.
Attached File(s)
File Type: zip FIREBIRD-test.zip   18 KB | 1,010 downloads
  • #1,993
  • May 13, 2007 9:53pm May 13, 2007 9:53pm
In Firebird 3.2 if I have MaxTrades=1 will it still allow the Hedge order to place? If it doesn't and I set Maxtrades=2 it might open two initial trades then Hedge still won't open when needed. Is it easy to code to have the Hedge still open if I have Maxtrades=1?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,994
  • May 14, 2007 12:12am May 14, 2007 12:12am
Quoting niki
Hi.
in 24 april 2007 i started a 3 mini demo accounts with 3 versions of FB.

FireBird_v1.0a, FireBird_v1.0c1, FireBird_v3.2

Default seting 30.300.30 TimeFrame=30, and M1 charts.

500$ for each account, and 9 pairs in trading.

GBP/USD,EUR/USD,USD/CHF,USD/CAD,USD/JPY,EUR/JPY,EUR/CHF,AUD/USD,GBP/JPY

and the best results , with huge gap for the FireBird_v1.0a.

about 900% profit in 3 weeks. 0 loss

P.S - Sorry for my week english. it's not my native language.

______________________________________________________________

Hi,niki,

Can you please post the best settings.
Thanks,
siddeshsd
  • #1,995
  • May 15, 2007 3:49am May 15, 2007 3:49am
Quoting siddeshsd
______________________________________________________________

Hi,niki,

Can you please post the best settings.
Thanks,
siddeshsd
Hi.

i use the default settings on M1 chart.

================
MA_length=10
MA_timeframe=30
MAtype=0
Percent=0.10000000
TradeOnFriday=1
slip=100
Lots=1.00000000
TakeProfit=30
Stoploss=300
Fast_Period=23
Fast_Price=1
Slow_Period=84
Slow_Price=1
DivergenceLimit=0.00200000
Use_V63D_Divergence=1
PipStep=30
IncreasementType=0.00000000
DVLimit=10
PipsGoal=500
PipsLoss=500
GMT=0
DST=0
OpeningHour=0
ClosingHour=23
writelog=0
=====================

i started the MINI DEMO ACCOUNT with balance=500$ lot=1, after 100% of profit lot=2.

recently i started live trade the same settings .... and so far looks GOOD.
still early to say.
  • #1,996
  • May 15, 2007 1:56pm May 15, 2007 1:56pm
In Firebird 3.2 if I have MaxTrades=1 will it still allow the Hedge order to place? If it doesn't and I set Maxtrades=2 it might open two initial trades then Hedge still won't open when needed. Is it easy to code to have the Hedge still open if I have Maxtrades=1? Also, does the Autocalc option, autocalc the Hedge to?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,997
  • Jun 6, 2007 3:21pm Jun 6, 2007 3:21pm
Anyone still testing Firebird?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,998
  • Jun 6, 2007 4:23pm Jun 6, 2007 4:23pm
Hi Matrixebiz

I'm testing it but only for 2 days now, so far looks good. I see a lot of people says that it looks good for some time and then it wipes the account. I can see how this can be possible but I tend to manually close trades when I deem necessary to protect my capital. I will see how it goes. I do not worry too much about the EA having bad days as this happens in manual trading as well, but it is amazing to see this EA perform. I'm not an expert at all on Firebird and try to stick to the default settings. Hope this helps. I wonder if there are people trading this EA successfully on a live account. It might be inspirational if they can maybe give advice if such a person exists.
  • #1,999
  • Jun 6, 2007 10:30pm Jun 6, 2007 10:30pm
Quoting farimir
Hi Matrixebiz

I'm testing it but only for 2 days now, so far looks good. I see a lot of people says that it looks good for some time and then it wipes the account. I can see how this can be possible but I tend to manually close trades when I deem necessary to protect my capital. I will see how it goes. I do not worry too much about the EA having bad days as this happens in manual trading as well, but it is amazing to see this EA perform. I'm not an expert at all on Firebird and try to stick to the default settings. Hope this helps. I wonder if there are people trading this EA successfully on a live account. It might be inspirational if they can maybe give advice if such a person exists.
I am trading live with it and still seems good. Wins 8 of 10 times. What version are you using?
It does make money and as long as you set MaxTrades like 4 it can't blow your account trading 0.01 lots. I am winning this week except Ausie is loosing for me this week.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,000
  • Jun 7, 2007 2:09am Jun 7, 2007 2:09am
I'm using V1.0a, V3.2 and V1.0c. I'm testing each one on a separate demo account. I agree with AUD loosing so far, but I have a system in place of watching the trades. After the trend has started to reverse I check for TP levels being more that the 0.618 fibo retracement level and then move all the TP levels to the 0.618 fibo level. I don't know if this will work, but I do this as I saw somewhere in the forum that people said that one has to manually intervene.
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