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Firebird EA - fixed version -

  • #461
  • Aug 29, 2006 1:53pm Aug 29, 2006 1:53pm
Why, why, why can't the world just sell one kind of auto, one brand of cigs, and have server times set to some regular time zone? grrrrr.in

So i'm looking at my MT4 charts, I trade manually off of the Alpari feed which is simple and sweet set to C.E.T. makes some sense. Then i opened three accounts for my demo test on 63G-TS, v1-0b2, v1-0c1, (all set to defaults) and reaslize this morning they are set to GMT-1 which is in the Azores. Why the heck would anyone set there server time to the Azores...it's nothing but a rock in the Atlantic with an air base! Silly.

Oh well...the test goes on. As of 15:00ish EST (or noonISH here on the Oregon Coast) i have the following from my Sunday Open start:

version___closed___float______net

63G-T___456.46___(419.48)___36.98

v1-0b2 __740.27___(618.24)__122.03

v1-0c1___887.89___(201.14)__686.75

Cheers,
Thom
  • #462
  • Aug 29, 2006 2:15pm Aug 29, 2006 2:15pm
hi

i have started yesterday 3 FB 63g-TS with some diffrent settings but i will stop now with testing of this three, becos since i have put them on my laptop its only lagging (maybe 13 MT and other stuff is too much )

i have attached the files. all three have now much less float as today in the morning. as i started them yesterday they all had float of 200-500 after a few hours, it was too much for the short time imo. however 1 day is too short to give an opinion about this settings...
Attached File(s)
File Type: zip Firebird 63g-TS 0.05 percent, 22pipstep.zip   8 KB | 505 downloads
File Type: zip Firebird 63g-TS , 22pipstep.zip   7 KB | 478 downloads
File Type: zip Firebird 63g-TS , 0.05percent.zip   7 KB | 471 downloads
  • #463
  • Aug 29, 2006 2:18pm Aug 29, 2006 2:18pm
firebird marches on
Attached File(s)
File Type: zip DetailedStatement.zip   16 KB | 451 downloads
TRADE FOR SWAP
  • #464
  • Aug 29, 2006 4:13pm Aug 29, 2006 4:13pm
The floating crap on this EA is so disappointing. Most ofthe time 90% of the profit is taken up by floating loss. There has to be a way to fix that.
  • #465
  • Aug 29, 2006 4:41pm Aug 29, 2006 4:41pm
what version are you using in that latest posting of results?

there are multiple lots traded.

just wondering...

Thanks!!!
  • #466
  • Aug 29, 2006 7:11pm Aug 29, 2006 7:11pm
Thanks for getting that cleared up Wackena .



Quoting wackena
I contacted IBFX online support and here is the transcript.

Please wait for a site operator to respond.
http://server.iad.liveperson.net/hcp...o/chatinfo.gifYou are now chatting with 'Client Services'
Client Services: Hello, my name is Darrell, How may I help you?
you: Hi Darrell, I'm Wackena. What is "Old Ticks" telling me when I see them in the Journal?
Client Services: those are out dated ticks sent by the server but not valid anymore
you: No effect on trading?
Client Services: No, not at all
you: Thank you and have a good day.
Client Services: My pleasure, contact us anytime.
http://server.iad.liveperson.net/hcp...o/chatinfo.gifChat session has been terminated by the site operator.

Wackena
  • #467
  • Aug 29, 2006 7:33pm Aug 29, 2006 7:33pm
I have heard that this system is good.. However, I could not seem to figure out the correct settings for a backtest. Has anyone been able to back test it with any success?
  • #468
  • Aug 29, 2006 7:34pm Aug 29, 2006 7:34pm
Quoting Takisd
The floating crap on this EA is so disappointing. Most ofthe time 90% of the profit is taken up by floating loss. There has to be a way to fix that.
OK. Do not watch this EA on a daily basis. Set it up and let it run. Go play golf or watch TV. Leave the EA alone.

Just run on USDCHF, EURUSD, USDCAD, AUDUSD. Make sure $1000 account for each .1 standard lot. Just try the original 30-300 -30 settings on an M1 timeframe.. Let it set in for about a week or ten days and then look.

The floating crap won't bother you when the profit far, far outweighs it.
Don Life is expensive, but includes a free trip around the sun.
  • #469
  • Aug 29, 2006 7:46pm Aug 29, 2006 7:46pm
I was recently backtesting the FB EA in Strategy Tester, and settings that worked well the previous night weren't working AT ALL. I checked and re-checked all inputs and settings, timeframes, dates, etc., and everything was the same as my previous days' settings. Then I noticed in the Report section, that the "bars in test" was only 1681 !!. I was on 1M charts with the test period set for one month (there are 1440 minutes in a day, so this was only a little more than a day's worth of bars). I increased the the number of days in the test, and it zipped right to conclusion (with no results), and still only had 1681 bars.

Has anyone had this problem before? I've already checked the Tools/Options/Charts, and the setting is normal. I can't figure this out, and it's really getting to me. I've rebooted the computer, cleaned out the cache, and still nothing. I still get 1681 bars no matter if I set the backtest for a month or a year. HELP!!!

Thanks in advance for ANY assistance on this matter.

Doug
  • #470
  • Aug 29, 2006 7:46pm Aug 29, 2006 7:46pm
Hello all,

I am running Firebird 63G TS on 5 pairs: GBPUSD, EURUSD, USDCHF, USDCAD, and USDJPY.

Only ONE trade has been opened on the JPY. In the last 24 hours, no new trades have been opened.

Any ideas as to why? (I have checked settings, the EA IS enabled, and everything else seems to be fine. Why only one JPY trade? It has been moving so many more should have been initiated. On that particular pair, my settings are 22/220/22 with a trailing stop of 17.

Any help would be appreciated.


best,
forexpips
  • #471
  • Aug 29, 2006 8:13pm Aug 29, 2006 8:13pm
Hello,

How does this EA work? I tried to drag the firebird v63 to the chart, but nothing happen.

Does this need to be in live account or sth?

Please advise!
  • #472
  • Aug 29, 2006 8:20pm Aug 29, 2006 8:20pm
trituetrade,

Once you drag the EA to the chart, there are two things (minimum) you need to do. First, right click on the mouse, choose 'expert advisors', properties, common tab, and check off the button to allow for live trading. Second, you have to hit the "Expert Advisors" button on the toolbar. At this point in time, a smiley face will (should) appear in the top right corner.

This is the same process for either a demo or a live account. Once you do this, you can adjust the settings, or 'inputs' on the EA.

Doug
  • #473
  • Aug 29, 2006 8:20pm Aug 29, 2006 8:20pm
Hi,

this is all I have from Firebird.
Am I missing sth to complete?

Thank you
Attached Image
  • #474
  • Aug 29, 2006 8:23pm Aug 29, 2006 8:23pm
It looks like you have successfully implemented the EA, as I can see a trade has already been made (unless you did this manually). Do you see the smiley face in the top right corner of the trend window?

Doug
  • #475
  • Aug 29, 2006 8:31pm Aug 29, 2006 8:31pm
Quoting Takisd
The floating crap on this EA is so disappointing. Most ofthe time 90% of the profit is taken up by floating loss. There has to be a way to fix that.
Just curious Taksid, when you say most of the time - what do you mean? I'm willing to bet that, at best you have dedicated no more than 2 days of forward testing to this EA... if that. If you're so dissatisfied with the float (apparently due to a lack of comprehension of the way Firebird works), then let me recommend some more profitable EA's like "MACD" and "Moving Average"...they come packaged with MT4 (FOR FREE!!!!!) <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

Please post your forward test results so that we may assess your level of frustration.<o></o>
  • #476
  • Aug 29, 2006 8:48pm Aug 29, 2006 8:48pm
Hi Dcraig,

Thanks for the response.
No, I dont have any smiley face in that corner,
Can you instruct me to make it work?
Do I need to adjust anything in the MetaEditor or just drag and drop the Firebird into the chart? If it is, just drap n drop, I have done so, but nothing appear on the screen! ???

Many thanks
  • #477
  • Aug 29, 2006 8:56pm Aug 29, 2006 8:56pm
Quoting trituetrade
Hi Dcraig,

Thanks for the response.
No, I dont have any smiley face in that corner,
Can you instruct me to make it work?
Do I need to adjust anything in the MetaEditor or just drag and drop the Firebird into the chart? If it is, just drap n drop, I have done so, but nothing appear on the screen! ???

Many thanks
Make sure you stored it to the experts folder not the indicators folder. If it is in the experts folder is it the same color as the other experts?
  • #478
  • Aug 29, 2006 9:12pm Aug 29, 2006 9:12pm
Hi nvwine,

You got me! I placed them in the Indicators...that's why.
Now I can see the SmileyFace .
BTW, what version of Firebird currently has best performance/result???

Happy trading!
  • #479
  • Aug 29, 2006 11:11pm Aug 29, 2006 11:11pm
OK.

I read all the firebird threads, learned about 55% of EA lingo, downloaded one of the firebirds, opened an account with North Finance, made a deal with a mafia don, struggled with installing the damn thing, re-read all the threads, sacrificed a goat to the fell powers of the pit, read the threads again, and then took two hours figuring out how to make the &^% happy face.

I am now ready for Firebird to make me millions. :

I still dont know how to alter the settings, or even really get which settings I should use, but hopefully, seeing it for real will teach me more than reading ever could.

May I ask, how we are feeling about the EA overall?? Some say it's a pip machine, but Traderseven seems to think we need a lot more work. And also ( I think to myself) if Firebird is working, then why would we ALSO need a phoenix?

I hereby declare that I have done enough self study on the subject to ask retarded questions.
  • #480
  • Edited Aug 30, 2006 12:07am Aug 29, 2006 11:53pm | Edited Aug 30, 2006 12:07am
Quote
I am now ready for Firebird to make me millions. :
That's easy with Firebird.
But don't be suprised that suddenly it takes back all those millions.


Quote
I still dont know how to alter the settings, or even really get which settings I should use, but hopefully, seeing it for real will teach me more than reading ever could.
I would advise 2 hours looking at a chart with the envelope plotted on it.
Set up a chart with a envelope so that 95% of the prices stay in the channel. Then look at the places where price breaks the channel and what happens next.....


Quote
May I ask, how we are feeling about the EA overall?? Some say it's a pip machine, but Traderseven seems to think we need a lot more work. And also ( I think to myself) if Firebird is working, then why would we ALSO need a phoenix?
I've been to long away from Firebird (and this thread) to know what changed in the code, but from what I've read Hendrick is aware of the drawdown issue and is trying to fix it.
v1.x seems to have hedging. That's certainly a good risk control too.
There are to many versions to judge but I noticed that the original rules are broken on at least one versions.
When PipStep is reached a position is added but not averaged.
Averaging makes the chances of winning higher/faster.
So it will reduce the float.

This is just demo trading but in real trading I would like to suggest some other way of burning cash
Trade on as many uncorrelated pairs as possible (size down) trade on as many time frames/settings as possible. The aim is to get uncorrelated trades.
Meaning that they move independantly. If all all pairs get hit by a drawdown the float gets high. When market conditions return to 'normal' all positions cash in. IF you didn't get a margin call.
If everything is uncorrelated profit roll in gently and constantly.
With correlated settings you build up a lake of potential profits that gets cashed in one lucky day. The only profit is the one in your account. So I prefer the uncorrelated approach...

That's are the reasons why I don't trade Firebird. (but still see potential for it)
Rember we are trying to steal pips from the big banks with zillions of resources, 1000's of full time analysts and 100's of number crunching mainframes.
It won't be easy!
May the pips be with you.
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