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Firebird EA - fixed version -

  • #221
  • Aug 24, 2006 6:54am Aug 24, 2006 6:54am
Quoting giapel
what is your timeframe on chart?

giapel
1m TF on the chart.
  • #222
  • Aug 24, 2006 10:10am Aug 24, 2006 10:10am
Couple of questions and thoughts.

Has anyone yet tried running two indentical tests as far as settings and pairs are concerned, but allowing one to run while closing all open trades and resetting on Friday at the close on the other? I think Mono had suggested this, just not sure if he did it or not.

I am going to do this with his individual settings with the 50% pipstep starting Sunday with the v63g with the fixed divergence (what is this one again now, v1.0a?). Anyone want to try it on the other settings/or versions?

Also I was pondering using different lot sizes per pairs. Since the USD/CHF seems to be the most consistent winner, would it not make sense to increase the lot size? That would seem to me to make it more profitable while not negatively affecting the float or adding substantially to the risk. I plan to go back and check through the trades, but am I off in my logic here? I know you could do the same thing with the more winning pairs, but you'd be increasing the risk more too.

I'm just wondering since optimizing the TP-SL-Pipstep for each pair was so effective, if doing the same for the lot sizes might be too.
  • #223
  • Aug 24, 2006 1:29pm Aug 24, 2006 1:29pm
Has anybody tried this EA on a live account?
  • #224
  • Aug 24, 2006 1:38pm Aug 24, 2006 1:38pm
A few people are. Read further into this and the other firebird threads. It was discussed a few days ago. They are using IBFX.



Quoting aparsai
Has anybody tried this EA on a live account?
  • #225
  • Aug 24, 2006 3:09pm Aug 24, 2006 3:09pm
It's official, i'm no longer going to "Lurk" around the FB threads...

I have read nearly every post and i'm impressed by the comradery (well what did i expect...this is FF !) and wanted to thank the FB thread-posting kings on a terrific job of maintaining a cool, calm, patient attitude toward the gazillion questions.

I've read, reread, and read some more and will open a IBFX Demo account over the weekend and begin forward testing (haha. still haven't decided which of the EA versions to test, but i've got the weekend to dig some more and decide.) My goal is to forward demo test the month of September and then open a small $500-$1000 account at IBFX to trade micro-lots for use in October and beyond. This will actually be refreshing as my other live account is with a different broker (non MT4 platform) so i'll feel like i'm not placing all my eggs in one basket : )

Thank you again one and all.
Cheers,
Thom
  • #226
  • Aug 24, 2006 3:27pm Aug 24, 2006 3:27pm
THeres only ONE BIG problem i find with the firebird EA. It overtrades. And when i say overtrade i mean it opens pointless positions based on nothing. IT has many winners, but the floating stuff is ridiculous. It will probably end up positive but really, to keep a realistic stop loss on this program you would get burnt so quick. I am going off someones recommendation of 120 pip stop loss. Now if i was to lose that trade, the win to loss is 6:1. Meaning 6 wins = 1 loss. Now its easy to keep this, but i mean 3 losses in a row = 18 wins. Which is pretty much al the profit. Seems to be a break even strategy to me.
  • #227
  • Aug 24, 2006 3:33pm Aug 24, 2006 3:33pm
Quoting aparsai
Has anybody tried this EA on a live account?
Hi

Yes , I have a real account from alpari and Firebird works good for me
  • #228
  • Aug 24, 2006 3:35pm Aug 24, 2006 3:35pm
Quoting skyline
...Anyway good work as always Wacky
Unfortunately i cannot modify anymore my first post to add your new versions, i don't know why but this is really disappoint me
Hi Skyline, you might have this above issue resolved by now? But if not, i believe the moderator of this area in FF can fix that 24 hr-max-edit and can get you into that to make changes. One solution i've found for such situations on my own server is to simply have the link point to a folder on my domain. If you don't have access to such, i am more than happy to have the Firebird files located on my server (i've got unlimited space) in a folder that any can have access to. That way the link would remain constant, but the data within the folder could be updated at will no problem.

I've created a folder in my "FX-Mirror" area at my domain called "mt4-firebird" to house the files. I will promptly remove this from my server if this is a problem. The files are the original ones posted recently and are current. Let me know if this is ok. The link to place in a post to the mirrored Firebird files would be as follows:

http://www.accrete.com/fx-mirror/mt4-firebird/

inside are the Firebird Ind.zip, and Firebird v1 a, b, and c files

If this is convenient, all one would need to do is to send the files to me via email in my contact link and i'll put it right in the directory usually within moments of getting it if between the hours of 6am PT and 2pm PT Monday through Friday, and at random times during the weekend. Obviously the files uploaded to this directory would only be "official" firebird files...only from the creators/maintainers such as yourself, mono, whacky etc,..you guys could give me a list of "ok to post from" nics and we would all be on the same page.

One other thought as a PS. Other Firebird related documents could be in there also and organized in subdirectories such as trade results, how to set up docs and other stuff...it is up to you guys what you would want in there. Like i said, i've got unlimited space to load it up! It is just a tool...and a nice tax write off. hehe.

Just here to help : )

Cheers,
Thom
  • #229
  • Aug 24, 2006 3:45pm Aug 24, 2006 3:45pm
hi guys:

i´ve using firebir on a demo account with north finance, and its working great. today i´ve tried to use it on real life.... and i getting the excesive loss error each minute. im using firebir 1 c, with mono 30-300 on a interbanck account with 4700 usd. anyone has and idea why? by the way, i´ve tried with 5 currencies. and get the error, now i only put one, and got the error also.

tnx
Have a good day and a good trade!
  • #230
  • Aug 24, 2006 5:34pm Aug 24, 2006 5:34pm
Quoting jtacher
hi guys:

i´ve using firebir on a demo account with north finance, and its working great. today i´ve tried to use it on real life.... and i getting the excesive loss error each minute. im using firebir 1 c, with mono 30-300 on a interbanck account with 4700 usd. anyone has and idea why? by the way, i´ve tried with 5 currencies. and get the error, now i only put one, and got the error also.

tnx

i dont know exactly but i believe you have to change the percent setting. i think it was mentioned in the first pages of this thread.
  • #231
  • Aug 24, 2006 5:35pm Aug 24, 2006 5:35pm
Quoting jtacher
hi guys:

i´ve using firebir on a demo account with north finance, and its working great. today i´ve tried to use it on real life.... and i getting the excesive loss error each minute. im using firebir 1 c, with mono 30-300 on a interbanck account with 4700 usd. anyone has and idea why? by the way, i´ve tried with 5 currencies. and get the error, now i only put one, and got the error also.
tnx
Read Post #102 and #109.
  • #232
  • Aug 24, 2006 7:09pm Aug 24, 2006 7:09pm
I'm been using FB 63G for nearly a month on two real accounts. For example; For the past two weeks, 39 wins, No losses [to date] and the Open Trades are now down to $39 on 5 pairs with Mono settings [without Cable!!]. I have stopped the EA now because Fed Chairman Bernanke Speaks…

Very pleased with the profit and all the help given on the FB threads.
  • #233
  • Aug 24, 2006 7:13pm Aug 24, 2006 7:13pm
A solution for this as already been presented. Change the PIPLOss setting to a higher number than 500...like 50000 or something. There was also a solution on how to remove the code from the EA itself.



Quoting jtacher
hi guys:

i´ve using firebir on a demo account with north finance, and its working great. today i´ve tried to use it on real life.... and i getting the excesive loss error each minute. im using firebir 1 c, with mono 30-300 on a interbanck account with 4700 usd. anyone has and idea why? by the way, i´ve tried with 5 currencies. and get the error, now i only put one, and got the error also.

tnx
  • #234
  • Aug 24, 2006 7:18pm Aug 24, 2006 7:18pm
Quoting Yardie
A solution for this as already been presented. Change the PIPLOss setting to a higher number than 500...like 50000 or something. There was also a solution on how to remove the code from the EA itself.
tnx to all, and sorry for asking something already post... tnx again
Have a good day and a good trade!
  • #235
  • Aug 24, 2006 7:23pm Aug 24, 2006 7:23pm
guy during big news i stop the firebird and i use this ea to trade news.
Have a good day and a good trade!
  • #236
  • Aug 24, 2006 7:29pm Aug 24, 2006 7:29pm
sorry. didn´t attach the file
Have a good day and a good trade!
  • #237
  • Aug 24, 2006 7:32pm Aug 24, 2006 7:32pm
so you close any open positions when you close firebird for the news.
  • #238
  • Aug 24, 2006 7:33pm Aug 24, 2006 7:33pm
Is this a straddle EA?



Quoting jtacher
sorry. didn´t attach the file
  • #239
  • Aug 24, 2006 8:11pm Aug 24, 2006 8:11pm
yes, i´ve been using it on the latest news and have work fine. it opens 2 positions, with 2 sl. you should only put the time of the news according to you mt server, the day of the news from 1-5 and thats all
Have a good day and a good trade!
  • #240
  • Aug 24, 2006 8:53pm Aug 24, 2006 8:53pm
Quoting Yardie
Is this a straddle EA?
Is this a co-incidence or what?.....Someone above is sending us signals.

Ok, this is what i'm upto.

We know that Firebird works great 90% of the time, but it needs assistance during trying times. (For the purpose of this explanation I'll call Firebird "Mr Firebird"). And in saying that I've got in the works, "Mrs Firebird".

Lets assume we are looking at GBPUSD with the following settings.

TP = 30
SL = 300
PIPSTEP = 15

Mrs Firebird see's what Mr Firebird is doing and protects and cleans up after him.
Basically she straddles him....(no pun intended)... when the price has moved TP in the opposite direction. As the price moves further away, she moves her SL to BE+1(no point in walking away with nothing).

When Mr Firebird gets Stopped out, her SL moves to where he got stopped and her TP will move to price +/- 30.

I hope your following me so far.

So I'm looking at running 2 EA's on 1 Account.

Also Mrs Firebird will be able to place BUY/SELL STOPS before news where MR Firebird is in a losing position.
e.g. before news GBPUSD trade is at -250 pips. So Mrs Firebird places BUY/SELL STOPS at his -300 with tight trailstop.

Any thoughts?
Mono
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