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

The trades are still going because they are on the server. Firebird cannot open trades if its not active (ie Metatrader is up and the EA is activated).

They were most significant on the GBP/USD and USD/CHF. On those 2 pairs, that one trend was enough to wipe out any gains from 1/1/06 - present and then some. Other than that few weeks though, they were very positive.

I was interested to see that the EUR/USD finished well into positive territory in spite of big draw down in April, and the USD/CAD rocked. In all the firebird testing I've done, seems like the USD/CAD has consistently been the best pair. However, I don't like to read into back test results that much. For example, I think cable can be a real cash cow on this EA. I'd hate to write it off because of a back test with one nasty trend. Or maybe different settings would be appropriate. I haven't gotten that far.

What I haven't figured out yet is whether good/bad results are due to "typical" behavior of a pair, or some unique set of market conditions that don't occur very often. That's gonna be a tough one...

Yikes thats scary. BUt I think if the float gets too big then you know its time to wait out the trend and close all positions.

8/3 - 8/15 - Mono's 30/300 settings for all pairs

<TABLE style="WIDTH: 423pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width=563 border=0 x:str><COLGROUP><COL style="WIDTH: 48pt" span=4 width=64><COL style="WIDTH: 55pt; mso-width-source: userset; mso-width-alt: 2669" width=73><COL style="WIDTH: 53pt; mso-width-source: userset; mso-width-alt: 2560" width=70><COL style="WIDTH: 75pt; mso-width-source: userset; mso-width-alt: 3657" width=100><COL style="WIDTH: 48pt" width=64><TBODY><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 48pt; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" width=64 height=17></TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 48pt; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" width=64>Trades</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 48pt; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" width=64>Winners</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 48pt; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" width=64>Losers</TD><TD class=xl26 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 55pt; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" width=73>Percent</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 53pt; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" width=70>Profit/Loss</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 75pt; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" width=100>Estimated Float</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; WIDTH: 48pt; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" width=64>Net+/-</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>aud/jpy</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>1</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>1</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C2/B2">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="30.000000000001137">30</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-275">275</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-244.99999999999886" x:fmla="=SUM(F2:G2)">245</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>aud/usd</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>10</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>10</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C3/B3">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>300</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num x:fmla="=SUM(F3:G3)">300</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>eur/chf</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>5</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>5</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C4/B4">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="149.00000000000136">149</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-49">49</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="100.00000000000136" x:fmla="=SUM(F4:G4)">100</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>eur/gbp</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=middle x:fmla="=C5/B5" x:err="#DIV/0!">#DIV/0!</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-103">103</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-103" x:fmla="=SUM(F5:G5)">103</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>eur/jpy</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>4</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>4</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C6/B6">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="119.99999999999318">120</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-274">274</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-154.00000000000682" x:fmla="=SUM(F6:G6)">154</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>eur/usd</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>20</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>20</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C7/B7">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="595.9999999999942">596</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-85">85</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="510.9999999999942" x:fmla="=SUM(F7:G7)">511</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>gbp/usd</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>29</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>27</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>2</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="0.93103448275862066" x:fmla="=C8/B8">93.10%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="203.999999999995">204</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>11</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="214.999999999995" x:fmla="=SUM(F8:G8)">215</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>usd/cad</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>16</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>16</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C9/B9">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="479.00000000000057">479</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-69">69</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="410.00000000000057" x:fmla="=SUM(F9:G9)">410</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>usd/chf</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>20</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>20</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C10/B10">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="598.99999999999841">599</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-123">123</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="475.99999999999841" x:fmla="=SUM(F10:G10)">476</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17>usd/jpy</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>7</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>7</TD><TD class=xl25 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num>0</TD><TD class=xl27 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="1" x:fmla="=C11/B11">100.00%</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="210.00000000000085">210</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-339">339</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num="-128.99999999999915" x:fmla="=SUM(F11:G11)">129</TD></TR><TR style="HEIGHT: 12.75pt" height=17><TD class=xl24 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; HEIGHT: 12.75pt; BACKGROUND-COLOR: transparent" height=17></TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num x:fmla="=SUM(B2:B11)">112</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num x:fmla="=SUM(C2:C11)">110</TD><TD class=xl28 style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; BORDER-LEFT: #e0dfe3; BORDER-BOTTOM: #e0dfe3; BACKGROUND-COLOR: transparent" align=right x:num x:fmla="=SUM(D211)">2</TD><TD style="BORDER-RIGHT: #e0dfe3; BORDER-TOP: #e0dfe3; 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For those trading firebird LIVE:

what brokers are you using? Obviously hedging needs to be allowed.

Anyone had any broker problems with firebird?

I've been lurking in the background for a few weeks, have read through the thread in its entirety a couple of times. I'm amazed at the work that everyone has done and am now doing my own forward testing which reinforces the results seen on others statements. I'm looking forward to going live sometime in the next week or two.

Another reason for this post is that I am interested in knowing if anybody has developed an indicator for the envelope based on the percentage setting of the envelope width. I just think it would be nice to actually have a visual of this envelope on the chart. I believe this visual would assist one in determining optimal percent settings. If you look at Trader Seven's original write-up of the Firebird system it shows his envelope on the charting examples. Not being a programmer, I don't know where to start. Is anyone out there game to put one together?

Firebird indicator.

Wackena

Yes, not sure where but it has been posted a few times times in the thread. It is handy. If no one posts it I'll will -- but gotta run now. Maybe do a search for it in the meantime.

I'm just curious, which timeframe did you backtest this on? I'm sure there were significant losses regardless what timeframe was used, but I wonder if the losses would be much less if using 15min or 30 instead of the 1 min which is little more unstable especially in trends.

I think the 2 weaknesses of Firebird are big news and strong trending markets. If we can just establish a couple of ways to minimize our losses during those times then I think we'll be fine. Even if it means simply disabling the EA for a period of time. I like keeping it simple.

Firebird fascinates....

with 30-300 "crazy" settings, we have a 10:1 probablility of a winning trade. Now this is the case whether the market is trending or not. So in the last few weeks Firebird has racked up a lot of dollar-long trades, the trend, when it happens, has a 50:50 chance of going with or without those trades. Over the course of time, whether the market trends or is range-bound, this EA should win-out right? Mono is currently 350+ to 10, so the statistical significance of the EAs "intelligence" in swinging the odds above 90% are growing.

Thus I can only think that poor money management or a series of extremely unlucky fundamentals could destroy this EA.

That shouldn't stop us from looking to improve though, of which there are the following goals the good folk on this thread should tackle:

Which pairs (I'm thinking JPY crosses may be better dropped)
Which weeks, if not hours to activate the EA
When and if to close all open trades
TP/SL/PS settings customised for each pair (as per Mono's average daily range).
What time frame
What MA TF.
Best broker for this system - must permit hedging.

Leaning in the same direction about the JPY crosses, but I'm going to wait longer on it.

Not sure if anyone other than Mono has let a non-tinkered with test run long enough to begin to answer that (his is still pretty small sample IMO).

I've had two thoughts about the closing of trades. The first is creating some kind of sliding scale between total pip drawn and negative swaps. So as the negative swap increases, my S/L for that trade decreases. My latest test is only two weeks old, but my oldest 14 open trades are all swap negative. At some point it makes no sense to keep them open as there is no profit potential in them. I'm just not sure how that should be done.

Second, i've thought about treating each Firebird session as one large multi-entry trade. And so set an overal T/P for the whole series of trades. For example say 1000 pips. My latest test first reached a net 1000 pip gain on 8/10 (started 8/3). Strongly considered closing everything then, taking the gain, readjusting the position size and going again. My attraction to this kind of approach is it would appear to make MM a little more concrete. An overall S/L could also be put in place for each series and position sizing would be easier to set. That said, I still can't bring myself to do it. If Firebird is profitable long term, resetting of any kind would seem inefficient. This EA is very similar to a one-directional grid trade and killing the "Firebird grid" seems to me somewhat counter-productive.

Different t/p's and s/l's seems proper to me and Mono's approach may be the way to go. For the less voliate pairs (eur/gbp comes to mind) spreads may begin to play a much larger role, however.

As for the different time frames, I haven't begun to tinker with them.

just my thoughts,
Jonathan

Johnothan interesting thoughts. I like the one about the pip target. I think it would be great on a live account. But for forward testing on a demo, its better to make things flow as it should.

This was all done on the 1 Minute charts with data downloaded from Alpari. I've done some quick tests with the 15 minute charts and achieved very similar results, but that was several weeks ago. I think I'll go back and compare the results more closely.

Me too! I think that some manual intervention is not only a simple solution, but a wise one as well for those who are "qualified" to employ this EA. It's this part of the deal that should make new traders extra cautious. I just hope there aren't newbs out there looking at this EA (or just about any automatic trader) to provide a short cut to Forex profitability. IMO this is just another tool, and subject to the same basic rules that most other trading systems adhere to. In the wrong hands it'll be a disaster. I believe that when there is real money involved, the same discipline and market knowledge is required for long term profitability that I have to apply to my manual trading systems.

Amen!

We have a fair number of people all playing around with the same basic concept.

My question is: Has anyone broken it yet?

What I mean is has anyone started a test that used the core of Mono's settings (1:10 - tp/sl) and had it go under?

It might be the most helpful thing we could see a statement that was blown up by these settings. I am sure it can be done, just haven't seen it yet.

Jonathan

Well its hard to say about the blown up account since we didnt started testing before the strong trend in April. It hard to say how Firebird would ahve faired...and events like those dont come very often.

After a week forward testing, I noticed that firebird can't hedge.
It just add positions while the market goes agains you.
The distance is set by pipstep.
Nothing more, nothing less.
And I have no clue why I don't have any trades added starting yesterday noon while my pipstep is 30.

edit: Does anybody know how to shut up the message "excessive loss!"?
I have disabled Events, but it just keeps on popping up!

Hi cgldsmth

Good work! With all the hard work Mono and the other guys has put in, I sense that the table is set for Firebird to produce in real $ terms...

A few pages back (can't find it now) - someone mentioned that we should do concerted testing. I think that is a great idea. We need someone like you & Mono to work out a schedule for testing with different settings - from the "crazy" to the "scared". Won't you draw up a type of spreadsheet with different combinations and timeframes and post it. Each of us can then pick 2 or 3 and test it live over the next few weeks and post the results every weekend. We can then sort through everything and go live with the best.

Well I have seen a few hedge positions in the past. But not a lot. Now sure about your excessive loss message...Never seen it before.

Hello sm31 and everyone,

I have also backtested the USD/CAD after I saw your post. It reaches 95% possibility for the "first" trade win (setting of 30/300). It is indeed the good pair for firebird concept. (win:loss = 632:31 over 1 year period)

Bad months to start firebird are the big "holiday" Month - namely Christmas(December) and Easter(April) - Most of the losses were produced on that two months. (It is the same as EUR/USD and USD/CAD).

(By the way, for testing EUR/GBP for last 1 and half year with setting 30/300, you should get no loss at all because the pair is basically trading within 300-400PIPs range. However looking at longer timframe, you will find out that it wasn't that correlated previously - therefore I wouldn't put it in my list for firebird yet)

Hope that helps.

Added: To be honost, I like hedge more than pipstep. If there is going to be code change, I would drop pipstep and let the pair hedge itself (since it has such high probablity of winning). I simply don't like the average down system at all. Happy trading everyone.