Firebird EA, please test this one, it is one of the greats | Page 24 | Forex Factory

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

  • #461
  • Jul 8, 2006 5:12am Jul 8, 2006 5:12am
Hi jbamaj,

I like your business/analytical approach, very interesting

Im convinced this EA is in the top of the EA's around and with a Money Management function (scaling lot size up and down) it will be even better...
Personally i like the safe path (low TP/SL).

The next weeks/months of testing will defently show us if it holds water..

Have a nice weekend all,

FT

[quote=jbamaj]I've been lurking around this thread for the last couple of weeks and finally had a question/thought to add. But first, let me express my appreciation for the extensive efforts by Hendricks and so many others. It is always a joy to find people willing to help each other with an appropiate measure of humility. That's a quality rarely found on message boards. Thanks everyone!

Now down to business.
  • #462
  • Jul 8, 2006 5:27am Jul 8, 2006 5:27am
do you know how to make this firebird V63G work on metatrader 3.8?




Quoting Yardie
15 minute chart. I believe one person here is using 30 minute chart...dont remember who though.
  • #463
  • Jul 8, 2006 9:35am Jul 8, 2006 9:35am
Bao,

I had an account with InterbankFX version 3.8. I emailed them and requested them to change my account to a version 4, which they did immediately. If you have a different broker, I'm sure they could do the same.


Quoting bao1980
do you know how to make this firebird V63G work on metatrader 3.8?
  • #464
  • Jul 8, 2006 12:07pm Jul 8, 2006 12:07pm
Hi guys,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

I need only a couple of days before launching Phoenix_v1. It has a lot of nice features, but I want to be certain that they all work as planned.<o></o>

<o></o>

Features:<o></o>

- SafeArea: only place trades during a ranging market<o></o>

- SafePipDistance: another technique to protect you against a volatile market.<o></o>

- Gamble (thanks MarvinSK): there are certain times during the day that all trades are winners. For me (GMT+2) it's from 16-17. With the Gamble function you can increase your Lots during these times.<o></o>

- Surfing: When it's not safe to place trades with <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on">Phoenix</st1:City> (counter trend), <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> becomes a trend follower. Pick up the wave and let's start surfing!<o></o>

- Money Management: working and a must!<o></o>

- Trailing Stop: Is working<o></o>

- Divergence: use it if you want (I don't like it)<o></o>

- Valid Trade Times: If you want <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> to place trades only during certain times, you can set four times a day.<o></o>

- Micro account: Is working<o></o>

- CloseReverse: close trades when the signal changes<o></o>

<o></o>

Can we beat the big guys in Forex with <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>? I think we can. <o></o>
  • #465
  • Jul 8, 2006 12:11pm Jul 8, 2006 12:11pm
Wauvvv Hendrick,

this is really cool stuff, nice work !!

Thanks for the update, looking forward to test it

FT


Quoting Hendrick
Hi guys,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

I need only a couple of days before launching Phoenix_v1. It has a lot of nice features, but I want to be certain that they all work as planned.<o></o>

<o></o>

Features:<o></o>

- SafeArea: only place trades during a ranging market<o></o>

- SafePipDistance: another technique to protect you against a volatile market.<o></o>

- Gamble (thanks MarvinSK): there are certain times during the day that all trades are winners. For me (GMT+2) it's from 16-17. With the Gamble function you can increase your Lots during these times.<o></o>

- Surfing: When it's not safe to place trades with <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on">Phoenix</st1:City> (counter trend), <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> becomes a trend follower. Pick up the wave and let's start surfing!<o></o>

- Money Management: working and a must!<o></o>

- Trailing Stop: Is working<o></o>

- Divergence: use it if you want (I don't like it)<o></o>

- Valid Trade Times: If you want <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> to place trades only during certain times, you can set four times a day.<o></o>

- Micro account: Is working<o></o>

- CloseReverse: close trades when the signal changes<o></o>

<o></o>

Can we beat the big guys in Forex with <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>? I think we can. <o></o>
  • #466
  • Jul 8, 2006 1:33pm Jul 8, 2006 1:33pm
Wow I like the sound of those features. But I thought Firebird open the trades based on divergence?
  • #467
  • Jul 8, 2006 2:23pm Jul 8, 2006 2:23pm
Quoting Yardie
Wow I like the sound of those features. But I thought Firebird open the trades based on divergence?
No. Divergence works like a kind of filter to keep you out of a trending market.
  • #468
  • Jul 8, 2006 4:59pm Jul 8, 2006 4:59pm
Quoting bao1980
do you use M5 or M15 chart for firebird v63G?
I use the settings posted on the 1M chart

Mono
Mono
  • #469
  • Jul 8, 2006 5:39pm Jul 8, 2006 5:39pm
jbamaj,

Nice of you to share your thoughts, and you make some interesting and valid points.

Watching it "Test1 EA" Live over the last 3 weeks, the floating positions range from -$600 to -$1800. The floats need to better managed. Now in saying that what I'm looking at is NOT the SL, but the SWAP. Example I have 1 open trade from the first week, which has a swap of -$24. Now even if that trade turns into a winner, its a loser for me, so what I am thinking is to close floating trades when swap get past -$11. I am a beleiver of give your trade a chance to win, thats why the 300 SL, but only to a certain point.

Couple of other things to note from the Test1 data is,

1. Pips booked has decreased each week.
2. Floats have increased each week.
3. Trades have decreased week.

Now a question for you guys, Lets look into the future, IF a million people are using this EA with the same setting, will the market become more choppy? If it does then will Firebird continue to succeed?

Mono
Mono
  • #470
  • Jul 8, 2006 9:31pm Jul 8, 2006 9:31pm
It is highly unlikely that a million people will start using this EA. Even so, chances are that the transactions would be so small relative to liquidity if the Forex market that it wouldnt make a difference.

Quoting mono

Now a question for you guys, Lets look into the future, IF a million people are using this EA with the same setting, will the market become more choppy? If it does then will Firebird continue to succeed?

Mono
  • #471
  • Jul 9, 2006 9:03am Jul 9, 2006 9:03am
And some more data Analysis

Trades Open in the week
W1 = 56
W2 = 48
W3 = 41

Trades Closed in the Week
W1 = 43
W2 = 43
W3 = 42

Trades Open and Closed Within the Week
W1 = 55
W2 = 48
W3 = 41

Trade Length Avg Per Week (HH:MM)
W1 = 43:51
W2 = 33:51
W3 = 16:51
Shortest Trade = 00:15
Longest Trade = 156:03

Mono
Mono
  • #472
  • Jul 9, 2006 9:47am Jul 9, 2006 9:47am
Mono - big difference in the length of trades in week3. I think the pheonix with the surf function will normalise such variability.
TRADE FOR SWAP
  • #473
  • Jul 9, 2006 10:14am Jul 9, 2006 10:14am
Tomorrow I will start 2 accounts: one with Firebirdv63G (24 hours) and one with the final version of Phoenix. If after 2 or 3 days Phoenix has the same or better (I hope) results than Firebird I will open a new thread and will make Phoenix available. Let's wait and see!
  • #474
  • Jul 9, 2006 11:16am Jul 9, 2006 11:16am
Quoting Hendrick
Tomorrow I will start 2 accounts: one with Firebirdv63G (24 hours) and one with the final version of Phoenix. If after 2 or 3 days Phoenix has the same or better (I hope) results than Firebird I will open a new thread and will make Phoenix available. Let's wait and see!
Hello! When you will open a new thread, give please on her reference. We all with impatience wait when you will lay out Phoenix.
Successes.
  • #475
  • Jul 9, 2006 4:53pm Jul 9, 2006 4:53pm
Does the Firebird come as an indicator or onlu as an EA?
Thanks for any replys.

  • #476
  • Edited 4:41am Jul 10, 2006 4:36am | Edited 4:41am
Quoting acetrader
Does the Firebird come as an indicator or onlu as an EA?
Thanks for any replys.

FB always comes as EA.
Just get the most recent version and enjoy!
  • #477
  • Jul 10, 2006 8:17am Jul 10, 2006 8:17am
Starting the week at 3-2 with 2 floating losses. Not a good start.

Hendrick - How's Pheonix looking?
  • #478
  • Jul 10, 2006 11:24am Jul 10, 2006 11:24am
Same here off to a bad start this week. I am 2 wins and 2 losses with a few floating right now.


Quoting AlphaPip
Starting the week at 3-2 with 2 floating losses. Not a good start.

Hendrick - How's Pheonix looking?
  • #479
  • Jul 10, 2006 11:27am Jul 10, 2006 11:27am
Quoting AlphaPip
Starting the week at 3-2 with 2 floating losses. Not a good start.

Hendrick - How's Pheonix looking?
Look at GBPUSD. Today the highest High at 1.8501 and the lowest Low at 1.8366. A difference of 135 pips. It's not the right market for Firebird. <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> did slightly better, but could have done much better if I used the right settings. Where did it go wrong: <st1lace w:st="on"><st1:City w:st="on">Phoenix</st1:City></st1lace> is looking at price movements for the last 2 hours (default). If the movement of price exceeds a certain limit (60 pips) it stops placing trades. If I had used 5 hours instead of 2 hours I could have prevented some losers. The Gamble function works great! All these weeks Firebird/Phoenix is placing the right trades between 16:00 and 17:00. I've now increased my Lots for this time from 2 to 4. Lets see what tomorrow will bring.

.
  • #480
  • Jul 10, 2006 11:49am Jul 10, 2006 11:49am
Hi Hendrick....

What time is 16:00 to 17:00? GMT or something other? Thanks for any comment.

My version H is OK today but version G is sinking.
Don Life is expensive, but includes a free trip around the sun.
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