Don
Life is expensive, but includes a free trip around the sun.
Firebird EA, please test this one, it is one of the greats
- #1,113
- Edited 11:25am Aug 31, 2006 11:12am | Edited 11:25am
- | Joined Jul 2006 | Status: Opulentia est licentia | 107 Posts
@ accrete
If you wife starts nagging again tell her you swap her for a more recent model if the pips roll in
(just kidding)
Lets get our head out of the clouds a bit and look at reality.
We all know life is hard.
90% loose in forex
5% break even
5% win. And part of that 5% are banks with huge resources.
10% a month *over the long run* is considered to be good trading.
I've seen Firebird doubling or even tripling accounts in a month.
That's 10 or 20 times better than what is considered good.
If Firebird was really that good then we will be in in Forbes magazine ahead of Bill Gates in a year.
Does that sound logical?
Not to me. If Firebird would do 20%/month in real trading over a period of 1-2 years it would be awesome.
That's still good; especially when compounding.
Always keep that in mind. Whatever the tests say.
=================
@ traderone
EA trading is just as real as manual trading.
A EA is just your brain transfere into a computer. Designing a EA
requires quite some skills too. It's not just start PC select
indicator and start trading.
And even if your friends don't see it as a real job it pays your bills
so it must be work. And they talk diffrently if you park your F40 next
to their Pinto
If you wife starts nagging again tell her you swap her for a more recent model if the pips roll in
(just kidding)
Lets get our head out of the clouds a bit and look at reality.
We all know life is hard.
90% loose in forex
5% break even
5% win. And part of that 5% are banks with huge resources.
10% a month *over the long run* is considered to be good trading.
I've seen Firebird doubling or even tripling accounts in a month.
That's 10 or 20 times better than what is considered good.
If Firebird was really that good then we will be in in Forbes magazine ahead of Bill Gates in a year.
Does that sound logical?
Not to me. If Firebird would do 20%/month in real trading over a period of 1-2 years it would be awesome.
That's still good; especially when compounding.
Always keep that in mind. Whatever the tests say.
=================
@ traderone
EA trading is just as real as manual trading.
A EA is just your brain transfere into a computer. Designing a EA
requires quite some skills too. It's not just start PC select
indicator and start trading.
And even if your friends don't see it as a real job it pays your bills
so it must be work. And they talk diffrently if you park your F40 next
to their Pinto
May the pips be with you.
- #1,115
- Aug 31, 2006 11:40am Aug 31, 2006 11:40am
TraderSeven, I have a question for you.
The other day I went through all the Firebird threads and I remember somewhere along the way you mentioned that you weren't too confident in Firebird because it may do well and six months down the road it may have a loss that wipes out all the profits.
I want to know what your level of confidence in Firebird right now. Would you trade it live (or are you)?
I ask because I've been demoing Firebird for a couple of weeks and I'm amazed at the preformance. But you being the original author have a good insight into the weaknesses of the system.
Thanks!
Divya
The other day I went through all the Firebird threads and I remember somewhere along the way you mentioned that you weren't too confident in Firebird because it may do well and six months down the road it may have a loss that wipes out all the profits.
I want to know what your level of confidence in Firebird right now. Would you trade it live (or are you)?
I ask because I've been demoing Firebird for a couple of weeks and I'm amazed at the preformance. But you being the original author have a good insight into the weaknesses of the system.
Thanks!
Divya
@ accrete
If you wife starts nagging again tell her you swap her for a more recent model if the pips roll in
(just kidding)
Lets get our head out of the clouds a bit and look at reality.
We all know life is hard.
90% loose in forex
5% break even
5% win. And part of that 5% are banks with huge resources.
10% a month *over the long run* is considered to be good trading.
I've seen Firebird doubling or even tripling accounts in a month.
That's 10 or 20 times better than what is considered good.
If Firebird was really that good then we will be in in Forbes magazine ahead of Bill Gates in a year.
Does that sound logical?
Not to me. If Firebird would do 20%/month in real trading over a period of 1-2 years it would be awesome.
That's still good; especially when compounding.
Always keep that in mind. Whatever the tests say.
=================
@ traderone
EA trading is just as real as manual trading.
A EA is just your brain transfere into a computer. Designing a EA
requires quite some skills too. It's not just start PC select
indicator and start trading.
And even if your friends don't see it as a real job it pays your bills
so it must be work. And they talk diffrently if you park your F40 next
to their Pinto
- #1,117
- Edited 12:15pm Aug 31, 2006 12:04pm | Edited 12:15pm
- | Joined Jul 2006 | Status: Opulentia est licentia | 107 Posts
Well I can't take all the credit...
I developed upto 0.65 without any letters in the version number.
I'm obsolete now and can sleep at nigh
I just recently found this thread and started following it.
I didn't test any of the new EAs.
But good attempts at fixing the weakness have been made.
Like the hedging. I can't tell it's enough or not.
I also tested mainly on D1.
People in this thread test on M1. I wouldn't even ever considered that.
But their results are damn good so it certainly has strong points.
M1 also behaves diffrently from D1.
On top of that they fixed the code that should keep Firebird out of bad trends. I couldn't because I suck at coding.
I'm never gonna say any EA is good for rael cash. That decision is to be made by the one that own that cash.
But I can say I feel Firebird has become less risky.
Trading uncorrelated pairs is a great protection too.
Real trading always is harder than demoing.
If you go life I would advis ethe following.
Stay demoing until you can visually determine there are no trends.
Earn some cash but don't reinvest. Put it aside until you have at least yous starting capital.
Then you can speed things up a bit and reinvest (part) of the profits.
That way you can still loose a lot but still hav eyou intial investment for a second chance.
I know it's temping to invest everything for huge gains but I think that will backfire. Not just with this EA but with every manual or mechanical system.
I developed upto 0.65 without any letters in the version number.
I'm obsolete now and can sleep at nigh
I just recently found this thread and started following it.
I didn't test any of the new EAs.
But good attempts at fixing the weakness have been made.
Like the hedging. I can't tell it's enough or not.
I also tested mainly on D1.
People in this thread test on M1. I wouldn't even ever considered that.
But their results are damn good so it certainly has strong points.
M1 also behaves diffrently from D1.
On top of that they fixed the code that should keep Firebird out of bad trends. I couldn't because I suck at coding.
I'm never gonna say any EA is good for rael cash. That decision is to be made by the one that own that cash.
But I can say I feel Firebird has become less risky.
Trading uncorrelated pairs is a great protection too.
Real trading always is harder than demoing.
If you go life I would advis ethe following.
Stay demoing until you can visually determine there are no trends.
Earn some cash but don't reinvest. Put it aside until you have at least yous starting capital.
Then you can speed things up a bit and reinvest (part) of the profits.
That way you can still loose a lot but still hav eyou intial investment for a second chance.
I know it's temping to invest everything for huge gains but I think that will backfire. Not just with this EA but with every manual or mechanical system.
TraderSeven, I have a question for you.
The other day I went through all the Firebird threads and I remember somewhere along the way you mentioned that you weren't too confident in Firebird because it may do well and six months down the road it may have a loss that wipes out all the profits.
I want to know what your level of confidence in Firebird right now. Would you trade it live (or are you)?
I ask because I've been demoing Firebird for a couple of weeks and I'm amazed at the preformance. But you being the original author have a good insight into the weaknesses of the system.
Thanks!
Divya
May the pips be with you.
