Firebird EA - fixed version - | Page 31 | 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 -

  • #601
  • Sep 2, 2006 11:59am Sep 2, 2006 11:59am
Quoting HAGeek
hey duh... ver 1b is the hedge version.. which i have running now. )

still where is the TS version of 0.63?
I think it was on the other Firebird thread. Accrete has it on his Firebird resource page http://www.accrete.com/fx-mirror/mt4-firebird/
  • #602
  • Sep 2, 2006 1:10pm Sep 2, 2006 1:10pm
Here are the (2) Firebird Versions:

Note one is the so called Fixed version as discussed in results several posts back. Post #593
Attached File(s)
File Type: mq4 Firebird v63G-TS.mq4   28 KB | 543 downloads
File Type: mq4 Firebird v63G_fixed.mq4   26 KB | 586 downloads
  • #603
  • Sep 2, 2006 1:27pm Sep 2, 2006 1:27pm
I may be cracking up, but isn't there more than one version of 1.0b ? More than one version of the hedged version? I have been running the "b" version.
Thanks for any advice.
Don Life is expensive, but includes a free trip around the sun.
  • #604
  • Sep 2, 2006 3:00pm Sep 2, 2006 3:00pm
Quoting traderone
I may be cracking up, but isn't there more than one version of 1.0b ? More than one version of the hedged version? I have been running the "b" version.
Thanks for any advice.
Yes, Wackena released v1.0b2 on 8/27. It replaced v1.0b He said it fixed the hedge problems.
Quote
This EA will placed 1 hedge order for each Buy or Sell main orders. Also to control number of open orders, this EA has input OpenOrders. This sets the number of main orders opened for each chart. Eaxmple if = 2, max open orders will range 0-4. If = 3, range will be 0-6 max open orders.
  • #605
  • Sep 2, 2006 3:52pm Sep 2, 2006 3:52pm
Quoting 1trader2
I decided to leave my live account with FXDD running with Firebird 1.0b2 through the NFP report. There were no problems. I booked 360 pips for the day and cleared some of the float. There was no drawdown. My float = ~ 11% of my balance. I have been trading live since 8/22/06. My oldest open trade is from 8/25. My equity has increased ~52% in 9 days. Today, I also straddled the news using the Amazing EA, and made an additional 14 pips. However, I manually closed this prematurely (my demo accounts made 40 & 50 pips.) Needless to say, I'm very pleased.
Hi 1trader2,

so it seems you version of the hedging firebird is working good, please can you post it ?

Thank you,

mr.trader
  • #606
  • Sep 2, 2006 4:07pm Sep 2, 2006 4:07pm
Quoting nvwine
Yes, Wackena released v1.0b2 on 8/27. It replaced v1.0b He said it fixed the hedge problems.
thanks for the lead for finding it. For those that would like the link http://www.forexfactory.com/forexfor...&postcount=373
  • #607
  • Sep 2, 2006 5:20pm Sep 2, 2006 5:20pm
I know some of you are thinking about going live in the next days.

But, when I look at the daily and weekly charts, it seems to me that the market has been in congestion since mid-may, and the ATR's are at the lowest range. In september there will be probably increase of volume, so possibly beginning of new trend ?

So, how does FB behave when there is a big trend like the one we had last April ?
As far as I know, nobody was testing FB at that moment ?
And in another thread here, SM01 said he ran detailed backtests, and he said that April trend ate all profits since January 2006.
We all would love to see FB working well in all market conditions, but, given all the wonderful results we had, we really have to consider if this is not dur to some specific circumstances.

Any feedback on this please ?
  • #608
  • Sep 2, 2006 6:33pm Sep 2, 2006 6:33pm
KingForex very true.
Therein lies my big concern over going live with Firebird.
Take cable for example. Price is historically quite high at the moment around 1.9000 and the market has been fairly flat for a while.
Say we start a trend south and price moves 100 to 150 pips in a day. Firebird will buy every 20 or 30 pips depending on your setting.
Would you close all trades? Of course not. You would expect price to reverse (just like after NFP) and give Firebird more winners.
But what if price goes south again the next day and keeps going. OK max trades limits buys to 10 trades per currency but some of us are using 5 to 7 pairs. So you have 10 buy orders that stop out at -300 over lets say 5 pairs. That will give you a total of -15,000 pips.
It has happened many times before - ask Traderseven the author of the EA. I myself have tested 63g since March and twice all my profits (and more) have disappeared when a major trend started.
So just be aware before you go live. The old Firebird weakness is still there waiting to bite.
  • #609
  • Sep 2, 2006 6:38pm Sep 2, 2006 6:38pm
Quoting dee
thanks for the lead for finding it. For those that would like the link http://www.forexfactory.com/forexfor...&postcount=373

Tahnk you dee,

maybe i read over it, now i have it !

Tahnks,

mr.trader
  • #610
  • Sep 2, 2006 6:43pm Sep 2, 2006 6:43pm
It's funny how many posts for fireBird, here and on other forums.

Is fireBird the dream come true?

How many accounts did fireBird wiped out?

Is fireBird worth the time and energy?
Try hard, think fast, die young
  • #611
  • Edited 8:17pm Sep 2, 2006 7:49pm | Edited 8:17pm
Quoting mike4x
KingForex very true.
Therein lies my big concern over going live with Firebird.
Take cable for example. Price is historically quite high at the moment around 1.9000 and the market has been fairly flat for a while.
Say we start a trend south and price moves 100 to 150 pips in a day. Firebird will buy every 20 or 30 pips depending on your setting.
Would you close all trades? Of course not. You would expect price to reverse (just like after NFP) and give Firebird more winners.
But what if price goes south again the next day and keeps going. OK max trades limits buys to 10 trades per currency but some of us are using 5 to 7 pairs. So you have 10 buy orders that stop out at -300 over lets say 5 pairs. That will give you a total of -15,000 pips.
It has happened many times before - ask Traderseven the author of the EA. I myself have tested 63g since March and twice all my profits (and more) have disappeared when a major trend started.
So just be aware before you go live. The old Firebird weakness is still there waiting to bite.
Mike,

We should be sure to talk about the same, can you post the version you have testet since march ? I can´t imagine that actual firebird can´t handle a trending market, especially the Hedge Version should protect us from the big loosers... Are you sure you use a version near the actual ones ??

Be honest mike, the old versions can kill you also in short trending markets also, we all know that, therefore you need no long run trend... (i remember testing V055, V065tf and same stuff) my oppinion V63G-TS works realy good also in smal trending markets because this version is opened often postitons in both directions and save profits with trailing stops...

However, we should compare it, than we can say more about it...

So please post the version you used in this time, also a statement if you have. you write it happends to you twice, when was the second time ??

thank you,

mr.trader
  • #612
  • Sep 2, 2006 9:57pm Sep 2, 2006 9:57pm
Quoting mr.trader
Hi 1trader2,

so it seems you version of the hedging firebird is working good, please can you post it ?

Thank you,

mr.trader
Mr. Trader,
Please find below my statement. A couple of qualifiers: From 8/22/06-8/26/06 I was running FB63H02. I began to get alot of "excessive alerts" even though I had commented out the line. When Wakena posted the updated version of 1b2, I switched to this on 8/27/06 and ran it all day Friday, 9/1/06 thru the NFP, until closing.

You will also note that I have highlighted in yellow 5 losses on 8/29/06. This was user error on my part. I had closed out Metatrader on this account and when I re-opened it for some reason it defaulted to the FB63H02 with the default settings of TP 18 PIPS and SL of 42. I had set it prior to going to work and was in a hurry and didn't recheck it! Learned a good lesson there...always double check your settings!

The other highlighted area in blue-green was the the Amazing EA that I used for trading the NFP on 9/1. Here is the statement below. Hope this helps.

P.S.-Wakena, if your reading this, any ideas on why I can't seem to comment out the "excessive loss" line or any other alternatives in FBH02? I have also been getting this on occassion with FB1.b2.
Attached File(s)
File Type: doc FXDirectDealer 8-22-06 to 9-1-06.doc   264 KB | 665 downloads
  • #613
  • Sep 2, 2006 11:12pm Sep 2, 2006 11:12pm
nvwine, thanks for reminding ppl there is a resource page for firebird, all the most recent versions and forms/manual are at the link you posted:
http://www.accrete.com/fx-mirror/mt4-firebird/. I don't know if it is possible for a moderator to ad this to one of the opening page's links, or if it is even desired to do so, but it would probably help the newbies out if it was centralized. I upload every new important document and file as soon as it hits this thread. : )

--------onto another thought:

Quoting dof
It's funny how many posts for fireBird, here and on other forums.

Is fireBird the dream come true?
I don't know about a "Dream come true" but one of my handful of FB demo test statements shows a whopping 1275 pips for four trading days last week. The account was cleared out at midnight Thursday by IBFX due to end of month so i could not continue the test through NFP on the same account. Not to be thwarted, i opened up 6 demo accounts trading the G-TS, 1c, and 1b2 on both 1m and 15m charts. Each went through the news much better than i can imagine myself doing with each pulling off an average of 140 net chart pips for the day after the dust settled.

I think it is worth the time. And i intend to work this until i know everything i can about the EA and it's personality. I also believe that combining TA with the EA will benefit one's account. For instance, if we know that FB gets hit hard during trending markets, what is to stop us from doing daily homework and doing our best to determin the trend/mode of the market and act accordingly tweaking the EA's functions such as only entering trades in the direction of the weekly trend or similar? Or staying out of EA use if market is ranging in a trade range that is greater than XXX pips??

Just rambling, but i think that the combination of intellegent homework/TA and use of the FBea settings can yeild consistant profits.

Cheers,
Thom
  • #614
  • Sep 2, 2006 11:17pm Sep 2, 2006 11:17pm
I was just curious, what do you guys put for this setting? I have just backtested it with two different settings GMT=0 & GMT=-8 (Pacific Standard) and I get two different results. Which should it be?
  • #615
  • Sep 2, 2006 11:50pm Sep 2, 2006 11:50pm
Quoting accrete
nvwine, thanks for reminding ppl there is a resource page for firebird, all the most recent versions and forms/manual are at the link you posted:
http://www.accrete.com/fx-mirror/mt4-firebird/. I don't know if it is possible for a moderator to ad this to one of the opening page's links, or if it is even desired to do so, but it would probably help the newbies out if it was centralized. I upload every new important document and file as soon as it hits this thread. : )

--------onto another thought:

I don't know about a "Dream come true" but one of my handful of FB demo test statements shows a whopping 1275 pips for four trading days last week. The account was cleared out at midnight Thursday by IBFX due to end of month so i could not continue the test through NFP on the same account. Not to be thwarted, i opened up 6 demo accounts trading the G-TS, 1c, and 1b2 on both 1m and 15m charts. Each went through the news much better than i can imagine myself doing with each pulling off an average of 140 net chart pips for the day after the dust settled.

I think it is worth the time. And i intend to work this until i know everything i can about the EA and it's personality. I also believe that combining TA with the EA will benefit one's account. For instance, if we know that FB gets hit hard during trending markets, what is to stop us from doing daily homework and doing our best to determin the trend/mode of the market and act accordingly tweaking the EA's functions such as only entering trades in the direction of the weekly trend or similar? Or staying out of EA use if market is ranging in a trade range that is greater than XXX pips??

Just rambling, but i think that the combination of intellegent homework/TA and use of the FBea settings can yeild consistant profits.

Cheers,
Thom
You just gave me an idea for trying to add a bit of a safety net to firebird. Is there a way to program it so that it can look at daily Open/High/Low/Close and then disallow trading to take place based on a certain percentage of shift in these numbers? Use four days of timeframe and have it measure a cumulative percentage shift either up or down in price each day to see if there is a definite trend taking place to keep firebird out of a suicide play until the percentage of daily shift comes back to a certain level. Questions, comments, complaints?
  • #616
  • Sep 2, 2006 11:57pm Sep 2, 2006 11:57pm
I curreny pair dont just keep dropping without doing some trace. otherwise the drop would be a straight lone down on a chart..and this does not work that way. Now the hedge version would do nicely in such a trend.



Quoting mike4x
KingForex very true.
Therein lies my big concern over going live with Firebird.
Take cable for example. Price is historically quite high at the moment around 1.9000 and the market has been fairly flat for a while.
Say we start a trend south and price moves 100 to 150 pips in a day. Firebird will buy every 20 or 30 pips depending on your setting.
Would you close all trades? Of course not. You would expect price to reverse (just like after NFP) and give Firebird more winners.
But what if price goes south again the next day and keeps going. OK max trades limits buys to 10 trades per currency but some of us are using 5 to 7 pairs. So you have 10 buy orders that stop out at -300 over lets say 5 pairs. That will give you a total of -15,000 pips.
It has happened many times before - ask Traderseven the author of the EA. I myself have tested 63g since March and twice all my profits (and more) have disappeared when a major trend started.
So just be aware before you go live. The old Firebird weakness is still there waiting to bite.
  • #617
  • Sep 3, 2006 1:13am Sep 3, 2006 1:13am
Heart Attact


This is my live account result
Attached File(s)
File Type: zip DetailedStatement25-08-49.zip   9 KB | 827 downloads
  • #618
  • Sep 3, 2006 1:22am Sep 3, 2006 1:22am
Quoting niponzz
Heart Attact


This is my live account result
Why the heart attack? It looks like you had a good month to me.
  • #619
  • Sep 3, 2006 1:32am Sep 3, 2006 1:32am
Quoting niponzz
Heart Attact


This is my live account result
A real live account with real cash?
Just checking if it isn't a forward test.
It looks good. But float is a bit high.
Did you stay in the market during news?
May the pips be with you.
  • #620
  • Sep 3, 2006 2:32am Sep 3, 2006 2:32am
Quoting niponzz
Heart Attact


This is my live account result


You're trading .10 lots on 11 (or was it 12) pairs and gold (???), with only a $1000 account. Throughout the thread it's been said you need at least $1000 a pair to trade that size. That means you're underfunded by at least $10,000.

At almost 50% of your balance, I believe that your float is high. No offense, but if the float is causing your anxiety, it seems entirely of your own doing. Maybe you like to gamble?

Even through all this, if you were to close all open trades at a loss, you'd still have made around $235 gain on your account. That's nearly 25% in only 21 days as of your statement. That, is nothing short of phenomenal - consider yourself very lucky.

That may be what you should consider doing too. I'd like someone to verify that what I'm interpreting is indeed true, but it looks to me that you are only a few steps away from a margin call. If that happens, you'll end up wiping out all of your gain and probably losing a significant amount of your initial deposit.

With your account size, you need to trade only one pair or .01 lots (if you can do that).

There is one thing that I am puzzled about though. Your loss ratio seems abnormally high. What version are you using and with what settings?
0 traders viewing now