Firebird EA, please test this one, it is one of the greats | Page 50 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Firebird EA - fixed version - 2,217 replies

Anyone Can help me about Firebird EA ,please!!! 0 replies

Firebird V1.0 an amazing EA ! 33 replies

Going live with Firebird 38 replies

My firebird is a roast cornish game hen 3 replies

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

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

  • #981
  • Aug 18, 2006 9:58am Aug 18, 2006 9:58am
Quoting mono


9000 just past. booked another 20pips
What I'm asking is : Traderseven (author of Firebird) will know how well is performing his EA ?? Or maybe he's already a bilionaire $$??
  • #982
  • Aug 18, 2006 10:07am Aug 18, 2006 10:07am
Ok now that 9000 mark has been breached, I'll start revealing some info.

My main aim was to try and break firebird. I started with $10000 account.

The main feature of firebird is pipstep, and I know firebird works fairly well as a whole with the settings I was using, so I decided to keep the same setting but half the pipstep, to create more trades.

After the first week the float was high, but still booking in pips at an amazing rate. Then the interest rates and NFP news came in and killed some pips, it didn't look very promising. But since then ....... a pip fest.

So conclusion so far is it works very well, but needs more testing especially around news and trend times.

I'd suggest some of you guys start testing with lower pipsteps to create more trades.
Mono
  • #983
  • Aug 18, 2006 10:11am Aug 18, 2006 10:11am
Quoting mono
Ok now that 9000 mark has been breached, I'll start revealing some info.

My main aim was to try and break firebird. I started with $10000 account.

The main feature of firebird is pipstep, and I know firebird works fairly well as a whole with the settings I was using, so I decided to keep the same setting but half the pipstep, to create more trades.

After the first week the float was high, but still booking in pips at an amazing rate. Then the interest rates and NFP news came in and killed some pips, it didn't look very promising. But since then ....... a pip fest.

So conclusion so far is it works very well, but needs more testing especially around news and trend times.

I'd suggest some of you guys start testing with lower pipsteps to create more trades.
Ok so are you still using the same settings tp = 30, sl=300 with chart timeframe 1M , is right? How much do you set pipstep ?

Edit: sorry forget last question , i see that you are using pistep set to 15
  • #984
  • Aug 18, 2006 10:14am Aug 18, 2006 10:14am
skyline - Traderseven didn't allow for breathing room with TP20 SL50 settings from memory.

Mono- pipstep 15? Obviously you'd have to keep lot size very small since the large number of trades would eat margin. (however at this rate we'll all be eating fillet steak for breakfast, washed down with a swig of chateaux Latur)
TRADE FOR SWAP
  • #985
  • Aug 18, 2006 10:19am Aug 18, 2006 10:19am
Hello to everyone,
This is my first post as i only joined 4 weeks ago and needed the time to absorb all the great information that is being freely given by some very talented and generous individuals.

I feel i have now learned enough to hopefully be of some help in the development of this ea even if it is only going over my forward test results.

Running 63g Demo with 7 pairs since Aug 3 running 24/7 until this week where it has only been on occasionally (due to losing my broadband for a couple of weeks) i have 91 wins and 1 loss, settings have been as default. Currently it is up $2,937 with a floating loss of $13.

I have also been recently testing (this week limited uptime) the tweaked 63g divergence version default settings on 4 pairs with 8 wins and 0 losses, up $233 floating loss $24

65g the timeframe version this is just breaking even, default on 6 pair.

And Phoenix v2.1 this was started the same time as 63g and is currently about $100 short of recovering from the substantial losses it took with the BOE and NFP results.
I would also like to agree with the previous posters regarding setting up a database where we are allocated differant versions and settings to test so that we are not all doing the same tests, i have been looking for a web based database system so that we could all just log in, input our results and see what everybody elses results are all in one simple db there are a few commercial versions around ranging from $5 a month or we could set up a yahoo group and use the groups db.

I also agree that this thread is getting too long, time for a new version
  • #986
  • Aug 18, 2006 10:19am Aug 18, 2006 10:19am
The settings I use are

EUR/USD TP=22 SL=220 PIPSTEP=11 Daily Avg Range = 110
GBP/USD TP=30 SL=300 PIPSTEP=15 Daily Avg Range = 150
USD/CHF TP=25 SL=250 PIPSTEP=12 Daily Avg Range = 125
EUR/JPY TP=21 SL=210 PIPSTEP=10 Daily Avg Range = 105
USD/JPY TP=20 SL=200 PIPSTEP=10 Daily Avg Range = 100
USD/CAD TP=21 SL=210 PIPSTEP=10 Daily Avg Range = 105
AUD/USD TP=16 SL=160 PIPSTEP=8 Daily Avg Range = 80
EUR/CHF TP=10 SL=100 PIPSTEP=5 Daily Avg Range = 50
EUR/GBP TP=9 SL=90 PIPSTEP=5 Daily Avg Range = 45
AUD/JPY TP=15 SL=150 PIPSTEP=7 Daily Avg Range = 75

I think I start a new test with pipstep set to 5 for all and see where it takes me.
Mono
  • #987
  • Aug 18, 2006 10:22am Aug 18, 2006 10:22am
So we need to find out what news cause the most damage and avoid them then. Maybe the one labelled red on the forexfactory calendar?



Quoting mono
Ok now that 9000 mark has been breached, I'll start revealing some info.

My main aim was to try and break firebird. I started with $10000 account.

The main feature of firebird is pipstep, and I know firebird works fairly well as a whole with the settings I was using, so I decided to keep the same setting but half the pipstep, to create more trades.

After the first week the float was high, but still booking in pips at an amazing rate. Then the interest rates and NFP news came in and killed some pips, it didn't look very promising. But since then ....... a pip fest.

So conclusion so far is it works very well, but needs more testing especially around news and trend times.

I'd suggest some of you guys start testing with lower pipsteps to create more trades.
  • #988
  • Aug 18, 2006 10:24am Aug 18, 2006 10:24am
Quoting cgldsmth
skyline - Traderseven didn't allow for breathing room with TP20 SL50 settings from memory.

Mono- pipstep 15? Obviously you'd have to keep lot size very small since the large number of trades would eat margin. (however at this rate we'll all be eating fillet steak for breakfast, washed down with a swig of chateaux Latur)
At the rate of pips being booked, you dont need large lot size. Ive been using 0.1
Mono
  • #989
  • Aug 18, 2006 10:25am Aug 18, 2006 10:25am
These are the settings for your pips generator? I think 5 pipstep is pushing the limit in terms of the amount of open trades dont you think?




Quoting mono
The settings I use are

EUR/USD TP=22 SL=220 PIPSTEP=11 Daily Avg Range = 110
GBP/USD TP=30 SL=300 PIPSTEP=15 Daily Avg Range = 150
USD/CHF TP=25 SL=250 PIPSTEP=12 Daily Avg Range = 125
EUR/JPY TP=21 SL=210 PIPSTEP=10 Daily Avg Range = 105
USD/JPY TP=20 SL=200 PIPSTEP=10 Daily Avg Range = 100
USD/CAD TP=21 SL=210 PIPSTEP=10 Daily Avg Range = 105
AUD/USD TP=16 SL=160 PIPSTEP=8 Daily Avg Range = 80
EUR/CHF TP=10 SL=100 PIPSTEP=5 Daily Avg Range = 50
EUR/GBP TP=9 SL=90 PIPSTEP=5 Daily Avg Range = 45
AUD/JPY TP=15 SL=150 PIPSTEP=7 Daily Avg Range = 75

I think I start a new test with pipstep set to 5 for all and see where it takes me.
  • #990
  • Aug 18, 2006 10:28am Aug 18, 2006 10:28am
yes, you've got it right. that extra 30 is pipstep. I've also been testing the variable targets and pipsteps for about a month. Either way, it's all good.

Quoting Benna
BenQ


Sorry - I have a blond moment here - please help me out...

15 TF - is that timeframe?
30-300-30 - ?
30 - take profit
300 - stop loss
30 - ?

Thanks!
  • #991
  • Aug 18, 2006 10:29am Aug 18, 2006 10:29am
Quoting Yardie
So we need to find out what news cause the most damage and avoid them then. Maybe the one labelled red on the forexfactory calendar?
Yardie, with firebird it isn't the news that cause the damage. News just pushes the trade over the edge. Most often than not the trades have been open a while anyway. Its something you cant aviod, at this stage.

Investigation ongoing.
Mono
  • #992
  • Aug 18, 2006 10:29am Aug 18, 2006 10:29am
thanks MONO, I'm going to start a test with your above settings, pipstep 10, 0.1lots, running 0700GMT to 2200GMT, and I'll keep it running until after the next NFP.

gravy.
TRADE FOR SWAP
  • #993
  • Edited 10:58am Aug 18, 2006 10:32am | Edited 10:58am
That comment is only in one version of v63g that I've seen. Over versions posted throughout this thread do not print the equity. Somewhere along the line someone made that change and it got posted, but it's not part of the original v63g -- if you can even call it original. Lots of hands have had a part in it.

Quoting nvwine
Yardie's suggestion of more ram will help the slow computer problem. I did not like the way the EA constantly writes account equity because it fills up the experts log and makes it hard to spot problems and other actions quickly. I just commented out the following line of code in the EA It is the only line of code with the words account equity in it so it is easy to find with the 'find in files' menu option.
  • #994
  • Aug 18, 2006 10:32am Aug 18, 2006 10:32am
So we need to close them out just before the news then. But if you can recover like you did through interest and NFP then it may be worth leaving it 24/7 even on a real account. But trending markets would be the killer
unless there is some for of hedging built in.


Quoting mono
Yardie, with firebird it isn't the news that cause the damage. News just pushes the trade over the edge. Most often than not the trades have been open a while anyway. Its something you cant aviod, at this stage.

Investigation ongoing.
  • #995
  • Aug 18, 2006 10:42am Aug 18, 2006 10:42am
Traderseven gave up on firebird quite some time ago. During testing in the early part of this thread we traded several emails and he relayed that he could never get it the way he wanted and so abandoned it.

Quoting skyline
What I'm asking is : Traderseven (author of Firebird) will know how well is performing his EA ?? Or maybe he's already a bilionaire $$??
  • #996
  • Aug 18, 2006 10:44am Aug 18, 2006 10:44am
Quoting Yardie
So we need to close them out just before the news then. But if you can recover like you did through interest and NFP then it may be worth leaving it 24/7 even on a real account. But trending markets would be the killer
unless there is some for of hedging built in.
Maybe with Mono's setting about pipstep for every currency , there nothing to worry about news
However I'm also starting new forward test with latest Mono's pipstep setup , let's see at the end of next month if we can go live
  • #997
  • Aug 18, 2006 10:45am Aug 18, 2006 10:45am
Quoting Yardie
So we need to close them out just before the news then. But if you can recover like you did through interest and NFP then it may be worth leaving it 24/7 even on a real account. But trending markets would be the killer
unless there is some for of hedging built in.
Its hard to say, do you close -$3000 in floats and kick yourself when the news is in your favour. Or worse still no market re-action.

The worst culprit is the GBPUSD. Of 561 trades 79 where GBPUSD of which 5 where losses.

Maybe 300 stoploss is not enough.
Mono
  • #998
  • Aug 18, 2006 10:46am Aug 18, 2006 10:46am
True. I have a version that's been going just over a month now with a tp of 25 sl of 80 and pipstep of 15. It creates a huge number of trades at times, but is very profitable. My only concern with it has been the number of trades opened and the potential for margin calls. It's not a true v63g though in that it contains a safearea.

Quoting mono
Ok now that 9000 mark has been breached, I'll start revealing some info.


My main aim was to try and break firebird. I started with $10000 account.

The main feature of firebird is pipstep, and I know firebird works fairly well as a whole with the settings I was using, so I decided to keep the same setting but half the pipstep, to create more trades.

After the first week the float was high, but still booking in pips at an amazing rate. Then the interest rates and NFP news came in and killed some pips, it didn't look very promising. But since then ....... a pip fest.

So conclusion so far is it works very well, but needs more testing especially around news and trend times.

I'd suggest some of you guys start testing with lower pipsteps to create more trades.
  • #999
  • Aug 18, 2006 10:53am Aug 18, 2006 10:53am
Quoting BenQ
That comment is only in one version of v63g that I've seen. Over versions posted throughout this thread do not print the equity. Somewhere along the line someone made that change and it got posted, but it's not part of the original v36g -- if you can even call it original. Lots of hands have had a part in it.

The one I downloaded was the one that fixed divergence and it is printing the equitiy in the "experts" tab. What does it show the EA is calculating in the other versions?
  • #1,000
  • Aug 18, 2006 10:54am Aug 18, 2006 10:54am
Or maybe we should just eliminate the GBPUSD...the risk reward ratio is poor.



Quoting mono
Its hard to say, do you close -$3000 in floats and kick yourself when the news is in your favour. Or worse still no market re-action.

The worst culprit is the GBPUSD. Of 561 trades 79 where GBPUSD of which 5 where losses.

Maybe 300 stoploss is not enough.
1 trader viewing now