Firebird EA - fixed version - | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Firebird EA, please test this one, it is one of the greats 1,228 replies

which version of firebird are you using on live account? 12 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 - fixed version -
Exit Attachments

Firebird EA - fixed version -

  • #241
  • Aug 24, 2006 9:15pm Aug 24, 2006 9:15pm
Mono,

This concept sounds interesting. So what you would do would be to open up a 2nd chart (using your example of GBP/USD) and attach the 2nd EA to this chart within the same account. Am I correct? So this would essentially counter any negative effect/loss in the Mr. Firebird EA. Would this just counter the loss in Mr. Firebird or would there actually be a profit in Mrs. Firebird? By the way, thanks for all your hard work you as well as the others have done on Firebird. The concept and its continuing evolution is amazing!
  • #242
  • Aug 24, 2006 9:19pm Aug 24, 2006 9:19pm
Quoting 1trader2
Mono,

This concept sounds interesting. So what you would do would be to open up a 2nd chart (using your example of GBP/USD) and attach the 2nd EA to this chart within the same account. Am I correct? So this would essentially counter any negative effect/loss in the Mr. Firebird EA. Would this just counter the loss in Mr. Firebird or would there actually be a profit in Mrs. Firebird? By the way, thanks for all your hard work you as well as the others have done on Firebird. The concept and its continuing evolution is amazing!
Yep, you can do that or create a another copy of MT4
Mono
  • #243
  • Aug 24, 2006 9:20pm Aug 24, 2006 9:20pm
What about Mr and Mrs Firebird EA (i.e version b?). It has hedge built in and so far I am getting the same results as you are getting on your Mr. Firebird with custom settings. Adding to this I am using only 6 pairs instead of the 11 I had before. Float since I launch the EA on the 22nd is about -1000 pips.



Quoting mono
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?
  • #244
  • Aug 24, 2006 9:22pm Aug 24, 2006 9:22pm
Hello mono (and all),


OK i've just set up the firebird EA, and 3 trades are already open. I just want to be sure i've done it all correctly.

How do i know that it is trading off of the 1M chart? (I attached it to the 1M each time i added a currency pair), but how do i confirm this?

Thank you.

forexpips
  • #245
  • Aug 24, 2006 9:23pm Aug 24, 2006 9:23pm
Well if its on the one minute chart it is trading off the 1 minute chart hehe.


Quoting forexpips
Hello mono (and all),


OK i've just set up the firebird EA, and 3 trades are already open. I just want to be sure i've done it all correctly.

How do i know that it is trading off of the 1M chart? (I attached it to the 1M each time i added a currency pair), but how do i confirm this?

Thank you.

forexpips
  • #246
  • Aug 24, 2006 9:25pm Aug 24, 2006 9:25pm
Hi,

So if i change the timeframe of the chart i'm looking at, that will automatically change the timeframe of the chart it trades off of?

regards,
forexpips
  • #247
  • Aug 24, 2006 9:25pm Aug 24, 2006 9:25pm
Quoting Yardie
What about Mr and Mrs Firebird EA (i.e version b?). It has hedge built in and so far I am getting the same results as you are getting on your Mr. Firebird with custom settings. Adding to this I am using only 6 pairs instead of the 11 I had before. Float since I launch the EA on the 22nd is about -1000 pips.
You would only need hedging on Mr Firebird, cause Mrs Firebird would cover for you.
Mono
  • #248
  • Aug 24, 2006 9:27pm Aug 24, 2006 9:27pm
So while Mr. Hedge Firebird is opening up trades in both directions at the same time, Mrs. Firebird will be opening even more trades?



Quoting mono
You would only need hedging on Mr Firebird, cause Mrs Firebird would cover for you.
  • #249
  • Aug 24, 2006 9:30pm Aug 24, 2006 9:30pm
Quoting Yardie
So while Mr. Hedge Firebird is opening up trades in both directions at the same time, Mrs. Firebird will be opening even more trades?
No.... Mrs Firebird would only open up a trade when your Hedge order has opened and is in the negetive by a certain margin.
Mono
  • #250
  • Aug 24, 2006 9:32pm Aug 24, 2006 9:32pm
Mono
To run 2 EAs on the same pair do we need a user entered magic number? I don't know but over on TSD Newdigital says it is important so the EAs can keep track of orders.
  • #251
  • Aug 24, 2006 9:34pm Aug 24, 2006 9:34pm
Ah intriguing. I would like to see it in action.



Quoting mono
No.... Mrs Firebird would only open up a trade when your Hedge order has opened and is in the negetive by a certain margin.
  • #252
  • Aug 24, 2006 9:36pm Aug 24, 2006 9:36pm
Quoting nvwine
Mono
To run 2 EAs on the same pair do we need a user entered magic number? I don't know but over on TSD Newdigital says it is important so the EAs can keep track of orders.
We don't need to, cause firebird leaves signitures in the order comments
Mono
  • #253
  • Aug 24, 2006 9:40pm Aug 24, 2006 9:40pm
mono,
how do the pip steps come into play on this? do you do the same thing to each pipstep as well?


Quoting mono
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?
  • #254
  • Aug 24, 2006 9:45pm Aug 24, 2006 9:45pm
Got lost here:

Mr firebird is firebird1.0c
and ms firebird is ????
Have a good day and a good trade!
  • #255
  • Aug 24, 2006 9:45pm Aug 24, 2006 9:45pm
Quoting thebts
mono,
how do the pip steps come into play on this? do you do the same thing to each pipstep as well?
Your standard firebird (Mr Firebird) does the pipsteps, Mrs Firebird is just protection for excessive losses, with a bit of news trading on the side.
Mono
  • #256
  • Aug 24, 2006 9:48pm Aug 24, 2006 9:48pm
Mrs Firebird is still conceptual. Right now Mr Firebird remains a bachelor, but he's looking for his perfect match, yin to his yang. (And mono and others are thinking of coding her into existence for him).

Quoting jtacher
Got lost here:

Mr firebird is firebird1.0c
and ms firebird is ????
  • #257
  • Aug 24, 2006 9:50pm Aug 24, 2006 9:50pm
Quoting jtacher
Got lost here:

Mr firebird is firebird1.0c
and ms firebird is ????
Any current firebird version is being refered by me as Mr Firebird.

Mrs Firebird is being developed.
Mono
  • #258
  • Aug 24, 2006 9:57pm Aug 24, 2006 9:57pm
Could someone please answer my question:

If i change the timeframe of the chart i am viewing, does that change the timeframe that firebird executes trades in?

thanks,
forexpips
  • #259
  • Aug 24, 2006 10:00pm Aug 24, 2006 10:00pm
The short answer to your question is yes. If you switch from 1 minute to 30 minute then Firebird will execute based on the signals on the 30 minute charts.



Quoting forexpips
Could someone please answer my question:

If i change the timeframe of the chart i am viewing, does that change the timeframe that firebird executes trades in?

thanks,
forexpips
  • #260
  • Edited 10:49pm Aug 24, 2006 10:01pm | Edited 10:49pm
Thanks yardie

Anyone have any suggestion on how long firebird should be tested before going live with it?

forexpips
0 traders viewing now