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

  • #521
  • Jul 14, 2006 10:47pm Jul 14, 2006 10:47pm
Quoting jbamaj
Continues to impress. I must confess you have me running a similar test of my own (although I'm using Phoenix 1.0 as the EA). A little over 2 days in and I'm 10-0 (300 pips booked) with a float of around -150 pips.

If I were doing this as a money maker, I would sure be tempted to close out some of the negative float just to control exposure. Any thoughts about that? I know your results are so impressive that may not be something you thought of. Its hard to have any moments of worry when you've gone almost 200-1. I'm still a touch skeptical that given the right market conditions the draw down could be hugh.

Along those lines, have you noticed either of these two things?

1) What is the longest a trade has stayed negative before turning around?
2) What is the largest negative draw-down you've had a on trade that reversed and closed out positive?
Hi jbamaj

Yeah, Im looking at closing trades based on the swap rate. i.e. if my swap has taken 50% of expected profits, then I look to close the trade and cop the loss. I have to think about how to automate it. If you've got any ideas let me know and I'll code it.

I also have been testing the Phoenix EA and have similar results to you. I've posted results in the Phoenix thread.

Mono
Mono
  • #522
  • Jul 14, 2006 11:17pm Jul 14, 2006 11:17pm
Does anyone have any ideas on how to reduce the float?
  • #523
  • Jul 15, 2006 10:32am Jul 15, 2006 10:32am
Quoting hidethereal
Does anyone have any ideas on how to reduce the float?
I think the only way to reduce the float, is to reduce the TP and SL. But by doing so, you reduce your returns. Mono is somewhere around a billion wins and one loss on 30/300, but I'm at 63-16 using 25/50. But I never carry more than 100 pips in float.
  • #524
  • Jul 15, 2006 11:56am Jul 15, 2006 11:56am
What settings are you using in Phoenix and in what time frame?



Quoting jbamaj
Continues to impress. I must confess you have me running a similar test of my own (although I'm using Phoenix 1.0 as the EA). A little over 2 days in and I'm 10-0 (300 pips booked) with a float of around -150 pips.

If I were doing this as a money maker, I would sure be tempted to close out some of the negative float just to control exposure. Any thoughts about that? I know your results are so impressive that may not be something you thought of. Its hard to have any moments of worry when you've gone almost 200-1. I'm still a touch skeptical that given the right market conditions the draw down could be hugh.

Along those lines, have you noticed either of these two things?

1) What is the longest a trade has stayed negative before turning around?
2) What is the largest negative draw-down you've had a on trade that reversed and closed out positive?
  • #525
  • Jul 15, 2006 8:31pm Jul 15, 2006 8:31pm
Yardie
Can u or someome post the lastest version, bug free firebird....I would like to start a test.....TX


Quoting Yardie
What settings are you using in Phoenix and in what time frame?
  • #526
  • Jul 15, 2006 8:59pm Jul 15, 2006 8:59pm
Hendrick posted the H version (the latest version of Firebird) earlier in this thread. Go some pages back and take a look.

Quoting alsup1955
Yardie
Can u or someome post the lastest version, bug free firebird....I would like to start a test.....TX
  • #527
  • Jul 16, 2006 11:17pm Jul 16, 2006 11:17pm
Hello bigballer,

I cant see your Firebird EA, can you please show me what program is comparible with it?

Thanks
  • #528
  • Jul 17, 2006 2:02am Jul 17, 2006 2:02am
Hi Tri...

Bigballer knows the least about this Ea. He started the thread, but it has evolved. You will just have to read theentire thread to get a complete understanding... Thanks and have fun, it is a great thread he started.. Scott


Quoting trituetrade
Hello bigballer,

I cant see your Firebird EA, can you please show me what program is comparible with it?

Thanks
  • #529
  • Jul 17, 2006 8:03pm Jul 17, 2006 8:03pm
I have download the Firebird Indicator from post #115 & it is in
the MetaTrade 4 indicator list, but it will not load on the chart.
I can go to the settings section & change the line colors & the settings,
but it will not load on the chart. What have I done wrong? Thanks
for any help.
  • #530
  • Jul 18, 2006 6:59am Jul 18, 2006 6:59am
HI Ace,

Just to verify, you downloaded the indicator and not the EA. The mq4 file must reside in the \experts\indicators directory under your trade platform program, and not in the experts directory.

Quoting acetrader
I have download the Firebird Indicator from post #115 & it is in
the MetaTrade 4 indicator list, but it will not load on the chart.
I can go to the settings section & change the line colors & the settings,
but it will not load on the chart. What have I done wrong? Thanks
for any help.
  • #531
  • Jul 18, 2006 10:00am Jul 18, 2006 10:00am
And also make sure the percent is not set too high, otherwise it will be outside the visible range on your chart.

Quoting 4x4tx
HI Ace,


Just to verify, you downloaded the indicator and not the EA. The mq4 file must reside in the \experts\indicators directory under your trade platform program, and not in the experts directory.
  • #532
  • Jul 18, 2006 2:51pm Jul 18, 2006 2:51pm
Thanks to you both for that help. I did have the setting too high. After
making the setting change only two lines show up on the chart. The red
& blue are all that moves to the chart. What could cause this? Tks again.
  • #533
  • Jul 18, 2006 3:02pm Jul 18, 2006 3:02pm
That's all your supposed to have with the indicator, one red and one blue line. It's just a visual indicator that shows what the Firebird EA is doing. If you're looking for the EA that's a different download and there are a few versions floating around.

Quoting acetrader
Thanks to you both for that help. I did have the setting too high. After making the setting change only two lines show up on the chart. The red & blue are all that moves to the chart. What could cause this? Tks again.
  • #534
  • Jul 20, 2006 4:13pm Jul 20, 2006 4:13pm
Hi Guys

Firebird reached its 200th milestone and continues its impressive record, which stands at 202/1. Floats did reach -$2200 but a few days later came down to -$750, picking up wins along the way.

Mono
Attached File(s)
File Type: zip Firebird 30-300.zip   10 KB | 344 downloads
Mono
  • #535
  • Jul 20, 2006 5:03pm Jul 20, 2006 5:03pm
Very impressive

FT


Quoting mono
Hi Guys

Firebird reached its 200th milestone and continues its impressive record, which stands at 202/1. Floats did reach -$2200 but a few days later came down to -$750, picking up wins along the way.

Mono
  • #536
  • Jul 20, 2006 5:59pm Jul 20, 2006 5:59pm
That's pretty impressvie. You're running this on 30 min charts? -$2200 float is pretty big though trading just .10 or .20 contracts.

I have to tell you though, a couple months ago I was testing with a large stop as well. We hit 2 hard trending days and the pipstep and large stop killed it. You're pipstep at 30 is larger than I was using though, so that may help. Looks like you've just passed the month mark too. How much did the account start with?

You're definitely having a good ride though I have to say.

Quoting mono
Hi Guys


Firebird reached its 200th milestone and continues its impressive record, which stands at 202/1. Floats did reach -$2200 but a few days later came down to -$750, picking up wins along the way.

Mono
  • #537
  • Jul 20, 2006 7:05pm Jul 20, 2006 7:05pm
Quoting BenQ
That's pretty impressvie. You're running this on 30 min charts?

The settings are run on 1min charts


-$2200 float is pretty big though trading just .10 or .20 contracts.

I have to tell you though, a couple months ago I was testing with a large stop as well. We hit 2 hard trending days and the pipstep and large stop killed it. You're pipstep at 30 is larger than I was using though, so that may help.

You're definitely having a good ride though I have to say.
The main thing this this EA and its settings is the lot size. You require a $5000 account trading 0.1 lots (mini), when trading 6 currencies. When your equity doubles then increase your lots size to 0.2. It seems to double every 4 weeks.

We all know that all pairs behave differently, so what this EA needs is some fine tuning. My target is to have about 50 trades per pair per month. Currently only GBP/USD acheives this. So some pipstep reduction is required for some pairs so as to increase entries. (I'll do some stats and get back to you).

I know your thinking that i'm mad trying to increase enteries, which will increase floats, and when that day comes your account is going to go BYE BYE.

We will see.

Mono
Mono
  • #538
  • Jul 20, 2006 8:25pm Jul 20, 2006 8:25pm
Your MA timeframe setting is 30, but you're running it on 1 min charts? And I notice your envelope is twice as large as usual at .1. Interesting. And so when your equity doubles again you'll increase to .3 or .4?

Quoting mono
The main thing this this EA and its settings is the lot size. You require a $5000 account trading 0.1 lots (mini), when trading 6 currencies. When your equity doubles then increase your lots size to 0.2. It seems to double every 4 weeks.


We all know that all pairs behave differently, so what this EA needs is some fine tuning. My target is to have about 50 trades per pair per month. Currently only GBP/USD acheives this. So some pipstep reduction is required for some pairs so as to increase entries. (I'll do some stats and get back to you).

I know your thinking that i'm mad trying to increase enteries, which will increase floats, and when that day comes your account is going to go BYE BYE.

We will see.

Mono
  • #539
  • Jul 20, 2006 8:27pm Jul 20, 2006 8:27pm
Can you post a .gif of the graph that comes with the statement? Thx.



Quoting mono
The main thing this this EA and its settings is the lot size. You require a $5000 account trading 0.1 lots (mini), when trading 6 currencies. When your equity doubles then increase your lots size to 0.2. It seems to double every 4 weeks.

We all know that all pairs behave differently, so what this EA needs is some fine tuning. My target is to have about 50 trades per pair per month. Currently only GBP/USD acheives this. So some pipstep reduction is required for some pairs so as to increase entries. (I'll do some stats and get back to you).

I know your thinking that i'm mad trying to increase enteries, which will increase floats, and when that day comes your account is going to go BYE BYE.

We will see.

Mono
  • #540
  • Jul 20, 2006 8:47pm Jul 20, 2006 8:47pm
Quoting BenQ
Your MA timeframe setting is 30, but you're running it on 1 min charts? And I notice your envelope is twice as large as usual at .1. Interesting. And so when your equity doubles again you'll increase to .3 or .4?
When my equity reaches 15000, I will increase my lots size to 0.3, at next market open, 20000 = 0.4 and so on and so on. thats my plan.

Why next market open? I dont like changing settings mid week.

I've tried various money managers and wasn't happy, so I'm trying to keep it as simple as possible.

Also, started new firebird test with each pair configured differently, we'll see how that goes.

Mono
Mono
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