Firebird EA - fixed version -

Quoting mono

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At this time we have identified approximately 20 accounts that this will affect.

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Quoting raven

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...1 c doesnt like only working a couple of hours a day as it hardly does anything...

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Quoting spartan

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If that's because of firebird then some people would be making at least a couple of thousands dollars each day!

I wonder what happens if absolutely all the traders out there used firebird and all of them made good chunk of money..............any idea?
I don't see any reason why firebird can stop making pips, except for strong trends which you don't get all the time, but forex market is supposed to be a zero sum game, isn't it?
I don't think such a thing as every single trader out there uses firebird can happen but I just wonder what if it happens. Any idea?

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Quoting A1Cruiser

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I ran four different tests on Firebird this week. The variables were: version, broker, number of pairs traded. As for Time Frame I used M1 except for v1.0b at North Finance where I used M15.
The tabulated results are in the file attached.

Two short consequences from the table data:

 

1. M1 Time Frame gives better results than M15,
2. v63G-TS beats v1.0b in terms of Equity/Profit ratio.

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Quoting <br /> Your comment on v1c &quot;hardly does anything&quot; i can state that when i opened 6 demo accounts last nite (first day of a new month for IBFX demo account holders), the 63G-TS and v1b2 were all in trades withing the first 15 minutes, but v1c took two hours before taking it's first trade. Does v1c need to get a feel for the state of the market before initiating trades? I don't think it has that sort of siphistication?[i

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Quoting forex4syg

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The version set the TakeProfit dynamically using the following code:

double value = iATR(NULL,PERIOD_D1,21,0);
if(Point == 0.01) value = value*100;
if(Point == 0.0001) value = value*10000;
TakeProfit = value*2/10;
Stoploss = value*2;
PipStep = value/10;

the value may be very small, sometimes, it can be 0. I have posted this problem for a few times but no one paid attention to it. If it is zero, it will not even open trades for you.

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Quoting fingotrader

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Impressing A1

Which pairs / settings?

Thanks and have a nice weekend,

FT

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Quoting Benna

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Hi FB Family

After Interbank cleaned out their demo server last weekend I started all over. I am testing 5 versions, all with different settings. The champ is
63G Fixed - 1M chart with MONO's different settings. I let it run through NFP - and it handled itself very effective.

Perhaps it is not wise to look just at profit. I would rather settle for less profit if it would mean I could grow old with Firebird - my new friend!

A version to watch closely is Wackena's vers1.0b2. I ran this one on a 5min chart. Also watch 63G-TS...

I will post the updated spreadsheet every week.

I am going live this week on a $4000 standard account trading 4 pairs on 0.1.

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Quoting wackena

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forex4syg,

I read your previous post when you posted it. I just got caught up in some other things and forgot to respond.

I agree, there will be times when there will be error 130 (Invalid stops) due to calculated StopLoss being too low. If sl value is too close to or between the spread, server will not accept order. If StopLoss=0, trade will process OK. A 3-5 pips buffer could be added to Stoploss to stop this error 130. At this point, it does not seem to adversely effect the performance of the EA. I'm not sure, but it might even prevent entry into questionable trades.

Sorry for not responding sooner.

Wackena

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Quoting forex4syg

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Hi Wackena,
Thanks a lot for your work.
I have noticed that when Stoploss is zero, there will be error in opening trade. Please correct me if am wrong. In the code, for example,
OrderSend(Symbol(),OP_SELL,Lots,Bid,slip,Bid+(Stoploss*Point),Bid-(TakeProfit*Point),GetCommentForOrder(),MagicNumber,0,clOpenSell); // modified by Renato
If parameter Stoploss is zero (resulted from the daily iATR), then Bid+(Stoploss*Point) = Bid, it is the same as the sell price. The order will be prevented. I think this is the reason why some people noticed that in the version c, there may be less orders opened at the beginning. Good or not, I do not know.

Do you have idea why daily ATR would even return zero?

I also noticed that in trailing stop, the fixed pips of 5 (below Bid or above Ask) in StopLoss would fail for some platform, for example, with NorthFinance, the trailing stop often does not work well because of invalid stop.


Thanks

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