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

  • #201
  • Jun 20, 2006 10:00am Jun 20, 2006 10:00am
Quoting skyline
Hi All
I started to forward test Firebird 065tf on 28 May 2006 with a 10.000$ demo account. I used only default settings with one currency pair USD/JPY, as you can see in my statment result are amazing !! +2398$ in about 1 week without any loss (13 consecutive wins).
Question for you : what indicators have I add to MT to be able to see when EA start to buy or sell ?
I will continue to post in this thread about my forward test result with this EA.

see you

A little update about my forward test started on 28 May 2006 based on Firebird 065tf with default settings (TF 30 min , pair USD/JPY) , actually +366 pips gain with only 2 consecutive losses (27 total trades).
Attached File(s)
File Type: zip Statment_20Jun2006.zip   8 KB | 508 downloads
  • #202
  • Jun 20, 2006 11:01am Jun 20, 2006 11:01am
Firebirdv63G new settings and statement (they get better every time).

Pairs: GBPUSD, USDCHF, USDJPY, EURUSD, EURJPY
TF=15

Closed 1 trade by hand (was a mistake).

Statement and settings enclosed
Attached File(s)
File Type: zip Firebirdv63G-A.zip   8 KB | 613 downloads
  • #203
  • Jun 20, 2006 11:11am Jun 20, 2006 11:11am
Alphapip can you please post your complete settings here...the new one with the new SL and TP?


Quoting AlphaPip
Wiz - On another forum, I noticed that Hendrick has changed his settings from 18/42 to 26/52. I've been trading it for the last 24 hrs on USD/CHF and EUR/USD = 3 wins, 0 losses.

I'm a little more comfortable trading these settings, because you only need 2 wins to recover a loss, as opposed to 2.33 wins to recover a loss with his previous settings.
  • #204
  • Jun 20, 2006 11:54am Jun 20, 2006 11:54am
Here ya go!
Attached File(s)
File Type: txt firebird_0619.txt   < 1 KB | 385 downloads
  • #205
  • Jun 20, 2006 11:57am Jun 20, 2006 11:57am
Please feel free to test EDEA (Enable, Disable, Expert, Advisor). With EDEA you can make a schedule for a whole week with which you can enable and disable the EA in MT4. Suppose you don't want your EA place trades between 11:00 PM and 8:00 AM or you want to disable the EA just before an important News Event and hop in 1 hour later. You can do that with EDEA.

For Firebird I think it is better to disable it between 11:00 PM and 8:00 AM (GMT+2). I've added 2 more periods for myself: disable Firebird between 12:00 AM- 1:00 PM and 3:00 PM-4:00 PM. The very best time to trade is between 4:00 PM and 5:00 PM. A lot of winning trades and no losers at all.

Please give me some feedback on EDEA.
Attached File(s)
File Type: zip EDEA1.zip   470 KB | 531 downloads
  • #206
  • Jun 20, 2006 1:01pm Jun 20, 2006 1:01pm
Thanks Alphapip. Do you trade in all time frames?

Quoting AlphaPip
Here ya go!
  • #207
  • Jun 20, 2006 1:06pm Jun 20, 2006 1:06pm
Keep up the great work Hendrick
  • #208
  • Jun 20, 2006 1:10pm Jun 20, 2006 1:10pm
Hey everyone. This might seem like a silly question, but how does one convert the text settings into a .mq4 EA file?
  • #209
  • Jun 20, 2006 1:24pm Jun 20, 2006 1:24pm
Quoting Yardie
Thanks Alphapip. Do you trade in all time frames?
Nope. Just the M15 on the EURO and Swissy.
  • #210
  • Jun 20, 2006 1:26pm Jun 20, 2006 1:26pm
Quoting Yardie
Hey everyone. This might seem like a silly question, but how does one convert the text settings into a .mq4 EA file?
You don't convert the .txt into an .mq4. Save the text file to your "experts/presets" folder, and rename the file extension from .txt to .set. Open a new chart and attach the EA, when it prompts you to confirm your properties, click the "Load" button, and browse to the .set file.
  • #211
  • Jun 20, 2006 1:43pm Jun 20, 2006 1:43pm
24 hours per day? sorry for all the questions.


Quoting AlphaPip
Nope. Just the M15 on the EURO and Swissy.
  • #212
  • Jun 20, 2006 1:53pm Jun 20, 2006 1:53pm
The importance of time! (BTW these are the times trades were opened, not closed)
Attached File(s)
File Type: pdf Firebird-A.pdf   35 KB | 702 downloads
  • #213
  • Jun 20, 2006 2:00pm Jun 20, 2006 2:00pm
Quoting Yardie
24 hours per day? sorry for all the questions.
Yep. 24hrs. But take a look at Hendrick's doc. It appears that by eliminating 3 specific hours a day, you greatly improve your profits. Something to think about.
  • #214
  • Jun 20, 2006 2:01pm Jun 20, 2006 2:01pm
Thanks again. I got it all setup in the demo account now.

Quoting AlphaPip
You don't convert the .txt into an .mq4. Save the text file to your "experts/presets" folder, and rename the file extension from .txt to .set. Open a new chart and attach the EA, when it prompts you to confirm your properties, click the "Load" button, and browse to the .set file.
  • #215
  • Jun 20, 2006 2:07pm Jun 20, 2006 2:07pm
Quoting The Wizard of Oz
i am really beginning to wonder about the long term viability of this aproach. If a pair has a sustained breakout then the losses will very quickly swallow up our profits.

Personally i think a better approach would be to use this strategy with some kind of trend filter and only buy short term countertrend spikes in uptrends etc. I am still running the EA on a few demo accounts with different settings to see how it performs overall. i am particularly interested in the drawdowns as they should be pretty big.

I guess i am uncomfortable adding to losing positions, as it is one of those fundamental "no nos". Then again we need to be thinking outside the box.

I am still having a hard time with the code and trying to determine how this strategy is supposed to work. i thought the idea was to buy/sell spikes outside a MA channel, but i am not sure if that is what it is doing.

Just expressing my concerns. There may be some validity to the underlying concept upon which this strategy is based.

Wiz.
if your broker allows hedging maybe run firebird and ema_cross at same time
http://www.forex-tsd.com/ema-cross/925-ema-cross.html
  • #216
  • Jun 20, 2006 10:04pm Jun 20, 2006 10:04pm
I setup the EA on all the charts Hendricks listed like 8 hours ago (3 Pm EST) and no trade has been executed. Is this normal or am I missing something?
  • #217
  • Jun 21, 2006 1:08am Jun 21, 2006 1:08am
Quoting Yardie
I setup the EA on all the charts Hendricks listed like 8 hours ago (3 Pm EST) and no trade has been executed. Is this normal or am I missing something?
Give it a bit more time. When i first started it took a while for my first trade to trigger. As long as you see the smilies on the charts then everything should be working. I have had a few trades today but not recently. 2 losses actually but after about 20 winners who's complaining.

Wiz.
  • #218
  • Jun 21, 2006 1:09am Jun 21, 2006 1:09am
Quoting witchazel
if your broker allows hedging maybe run firebird and ema_cross at same time
http://www.forex-tsd.com/ema-cross/925-ema-cross.html
Thanks, I'll take a look at that EA.

Wiz.
  • #219
  • Jun 21, 2006 1:13am Jun 21, 2006 1:13am
Quoting AlphaPip
Wiz - On another forum, I noticed that Hendrick has changed his settings from 18/42 to 26/52. I've been trading it for the last 24 hrs on USD/CHF and EUR/USD = 3 wins, 0 losses.

I'm a little more comfortable trading these settings, because you only need 2 wins to recover a loss, as opposed to 2.33 wins to recover a loss with his previous settings.
I have only had a few losses so far with the 18, 42 settings. i will give the new ones a go on another account to compare. I want to run these for a t least a month to get a feel for how it handles big moves. if it survives without too much tweaking then we may be on to something. it's been great since last week but then the markets haven't moved much.

Wiz.
  • #220
  • Jun 21, 2006 1:26am Jun 21, 2006 1:26am
I could be 100% wrong as I have not tested the 15M settings - but if you are using the 15M settings - I would forget using this EA during news or "big moves".

I think that this is were you will get killed with run away positions. Again - I have not tested the EA like this so - do your own forward test.


Quoting The Wizard of Oz
I have only had a few losses so far with the 18, 42 settings. i will give the new ones a go on another account to compare. I want to run these for a t least a month to get a feel for how it handles big moves. if it survives without too much tweaking then we may be on to something. it's been great since last week but then the markets haven't moved much.

Wiz.
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