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Firebird EA - fixed version -

  • #721
  • Sep 6, 2006 7:52am Sep 6, 2006 7:52am
Quoting berdj
I was testing Firebird V1c so far there are losses so I am not that impressed, even though my testing isn't complete I don't like its behavior. Mono would you please be so kind as to post your settings and the version of firebird you are using so I can continue testing . Appreciate your diligence.

Berdj
I would encourage you to find his previous posts for those. He always put his setting file and the firebird he is using when he post his statements.

Thanks.
  • #722
  • Sep 6, 2006 7:52am Sep 6, 2006 7:52am
Quoting spartan
Thank you for posting your settings, Stockwet.
I don't know how common it is but my float on G/U has exceeded 800 pips.
I wonder how are people running hedge versions of firebird doing last couple of days.
I heard there were concerns using GBPUSD aand USDJPY with this, so, I avoided those. I tried EURJPY just for fun.
  • #723
  • Sep 6, 2006 7:53am Sep 6, 2006 7:53am
I was using vc1 as well and found that the last two days profit has been waaay down... Previously when I used FB I had noticed that the stop losses were large at say around -200.. Now I am noticing that they are much tighter.. Could this be the reason there are more losses as of the last few days or simply because of market volatility?

Sanchez
  • #724
  • Sep 6, 2006 8:08am Sep 6, 2006 8:08am
Yup, i'm thankful. After last week's outstanding pinch-me-ive-found-the-holy-grail experience w/all the FB version tests, there is a week like this that shakes the heavens and places one's feet back on terra ferma. I am also thankful that the good news came to me first, as i believe that there great potential in EA trading. And if this week's performance had been my first taste of bot trading, it could have been my last!

So bottom line? I'm a happy camper and am enjoying the time w/the charts, code, and experience gained. Back to the testing.

: ) Thom
  • #725
  • Sep 6, 2006 8:14am Sep 6, 2006 8:14am
Yes this week seems to have a large floating loss. But i believe if you let firebird do its thing then the profits will roll in.


guppy
  • #726
  • Sep 6, 2006 8:21am Sep 6, 2006 8:21am
Quoting mr.trader
look tho post #714
Thanks! I hadn't even looked at today's posts yet. Shame on me!
  • #727
  • Sep 6, 2006 8:39am Sep 6, 2006 8:39am
Quoting stockwet
I heard there were concerns using GBPUSD aand USDJPY with this, so, I avoided those. I tried EURJPY just for fun.
That's a smart move you made. I have been thinking it's kinda too chicken to avoid the currency pairs after only one failure but I'm gonna drop them right away!

Quoting sanchez
Could this be the reason there are more losses as of the last few days or simply because of market volatility?

Sanchez
I think it is...it would have been nice if we were trading with the trend last couple of days.

Quoting accrete
And if this week's performance had been my first taste of bot trading, it could have been my last!
I started testing firebirds 3 days ago and so far the first taste has been quite bitter!
I would consider this somewhat lucky that it did not happen after I started trading live though. Thanks to all the contributors to firebird, I know it can do a lot better.

Thanks
  • #728
  • Sep 6, 2006 9:03am Sep 6, 2006 9:03am
Quoting traderone
Thanks for your report 1Trader2. I too had good success with FB H02, even with somewhat changed settings similar to Mono's IND settings.

However, this morning I still went live with FB v1.0a with slightly modified settings on two pair only. Still, I'm thinking H02 might be even better.
First, thanks to Spartan for the version. I had glance through it and found the set-up is quite different from other FB version.

Tradeone,
What are the difference H02 with other FB version. I have glance through the pages but just can't find the info, thanks in advanced.
Shah For every action there is an equal and opposite reaction.....
  • #729
  • Sep 6, 2006 9:33am Sep 6, 2006 9:33am
Hi,

testing FB 63Gfixed on 1 min. since tuesday night, 4 pairs, the majors.
Down 30% on equity!

The good news: it can only get better
(hopefully!)

FT
  • #730
  • Sep 6, 2006 9:39am Sep 6, 2006 9:39am
H02 has a "safe zone" area determined by Bulls and Bears. Default is 40. It won't trade if the price is out of the "safe zone". Might help on trending markets.

Hey there fingotrader and spartan and some others..... the first week I demoed FB 63G I had negative equity of over 1200 pips! Now, 2 weeks later, the account is up 2600 pips. This is automatic trading and I think we have to let the EA get seated in to its' bands etc.

Also, get rid of the JPY pairs right now! Also get rid of EURCHF and EURGBP. Don't mess with those. We haven't really found good settings for them yet.

Trade these.... USDCHF, EURUSD, USDCAD. That way you can bump up your lots slightly and put your money where the best chance of action is.
Don Life is expensive, but includes a free trip around the sun.
  • #731
  • Sep 6, 2006 9:55am Sep 6, 2006 9:55am
I picked EURGBP and EURCHF because it was recommended to trade non-correlated pairs. If you trade USDCHF and EURUSD, you have a pretty high correlation and might as well double up on one or the other.

Quoting traderone
Also, get rid of the JPY pairs right now! Also get rid of EURCHF and EURGBP. Don't mess with those. We haven't really found good settings for them yet.

Trade these.... USDCHF, EURUSD, USDCAD. That way you can bump up your lots slightly and put your money where the best chance of action is.
  • #732
  • Sep 6, 2006 11:29am Sep 6, 2006 11:29am
Quoting Panjan
First, thanks to Spartan for the version.
No problem, Panjan!
Quoting traderone
Hey there fingotrader and spartan and some others..... the first week I demoed FB 63G I had negative equity of over 1200 pips! Now, 2 weeks later, the account is up 2600 pips. This is automatic trading and I think we have to let the EA get seated in to its' bands etc.

Also, get rid of the JPY pairs right now! Also get rid of EURCHF and EURGBP. Don't mess with those. We haven't really found good settings for them yet.

Trade these.... USDCHF, EURUSD, USDCAD. That way you can bump up your lots slightly and put your money where the best chance of action is.
Thanks for your advice, Traderone.
That's exactly what I was going to do...trading only those three pairs to see how it works out since they are the ones most people don't have much problem with.

The result of my firebird demo trading after 2 and a half days has been:

firebird v1c1 0.1% on 30 min chart(changed from 1 min chart 1 day into this test) ---- 24 win-1 loss 121 pips booked with about $1000 of float loss(0.1 lots)

firebird v63-ts 30-300-30, 0.1% on 1 min chart --- 8 win-0 loss 240 pips booked with about $800 of float loss (0.1 lots)

Please note that I got disconnected from the server a couple of times...and also I had forgotten to turn on the EA a couple of times for unknown amout of time so my data may not be that accurate and fair.
  • #733
  • Sep 6, 2006 11:34am Sep 6, 2006 11:34am
Quoting traderone
H02 has a "safe zone" area determined by Bulls and Bears. Default is 40. It won't trade if the price is out of the "safe zone". Might help on trending markets....

~~~~~~~~~~~

Trade these.... USDCHF, EURUSD, USDCAD. That way you can bump up your lots slightly and put your money where the best chance of action is.
Greetings All : ) Great to be here among you all. Don't even want to imagine trying to come up with this on my own. I migh be able to build wild and crazy bikes, but this stuff here really stretches my noggin'.

Don thx for the info on "H" and the reminder of possible best pairs for FB to date. Next Sunday, along w/my gazillion FB demos running, (ok, so there are only 8 seperate MT4demo accts running 8FB versions on my laptop), i am going to include one w/H02 cuz my desktop is feeling left out. The idea of the safe zone interests me. This might help out answering some of the Qs in prior posts about determining when fb should trade as you mentioned also.

: ) Thom
  • #734
  • Sep 6, 2006 11:34am Sep 6, 2006 11:34am
All my profits made by firebird starting august are wiped out today at IBFX.(by floating loss)
Anybody else today?

Another account at FXDD is working as it should.
Just a small setback.

Can't believe what a small difference in spread and feed can do to it.
So we keep on dreaming the FB dream....
  • #735
  • Sep 6, 2006 11:34am Sep 6, 2006 11:34am
Quoting 1trader2
Accrete, et al

As I also said before, I agree with this approach and think it's worth pursuing with V1.0b2. Maybe we could call it V 1.0b3.

I also have another thought on this but with an earlier version. Hendrick in post #258 & #260 @ http://www.forex-tsd.com/expert-advi...d-v63g-26.html created Firebird v63H (with a correction in post 260) to v63H02. This may have also been posted @ FF as well, but I don't know where. Anyway, as is explained in the post quote:

"This setting is based on the idea that Firebird is doing well in a flat market, but could go wrong when the market gets volatile. The indicator (Firebirdv63H_IND) gives you an idea how this function works (you don’t need to attach this indicator to your charts for Firebirdv63H to work). The indicator is quite simple: it takes the values of the built-in indicators “ Bulls Power” and “ Bears Power” and adds them together. When these powers are in balance it’s safe to trade. When Bulls or Bears get the upper hand their sum crosses a certain level (until now I think levels of 40 and -40 works well) and Firebird isn’t allowed to place trades."

My understanding of this is that its' purpose is to prevent trades in volatile markets. My idea is to use this idea in conjunction with V1.0b2 while combining it with hedging orders but leaving them as pending orders to be cancelled once the trend is established. The "Safe Area" prevents orders during volatility and the "pending orders" go with the trend and are entered or their hedges are cancelled.

Any thoughts on this. Anyone willing to program something like this...? Wakena, what do you think?

1Trader2

P.S. V 63H02 as well as the Firebird Safe Indicator are posted on the above web site.
Trends are here I have no doubt about that. Both EURUSD and GBPUSD are bearish and there is no Firebird version that would be able to handle this phenomenon in a profitable way.

I run five tests with different Firebird versions, different pairs and brokers and all of them show the same symptoms: increasing floating loss, decreasing or hardly increasing balance. I have even booked my first losing trade today.

I still think applying pending orders rather than market orders when hedging and liquidating half of the hedge pair when the other half initialised is a possible resolution of trading a trend with Firebird. I hope this suffering of Firebird focus the attention of the programmers to trend managment.
  • #736
  • Sep 6, 2006 11:36am Sep 6, 2006 11:36am
Quoting traderone
H02 has a "safe zone" area determined by Bulls and Bears. Default is 40. It won't trade if the price is out of the "safe zone". Might help on trending markets.
Traderzone,

Thanks for the info.
Shah For every action there is an equal and opposite reaction.....
  • #737
  • Sep 6, 2006 11:42am Sep 6, 2006 11:42am
For those of you testing and need some computing resources ...

I signed up with VPSLand.com for a virtual private server late last week. I installed 4 instances of MetaTrader and have 3 firebird versions being tested on each one. You can connect using Windows XP's remote desktop connection. The first month is half off of $30. I figured it was a cheap way to get constant connectivity and free up a computer while testing the EA. I thought others might benefit from this info.

Regards,

stockwet
  • #738
  • Sep 6, 2006 12:04pm Sep 6, 2006 12:04pm
using FB v.1-0c1. currently trading Eur/Usd, Usd/Cad and Eur/Chf with good results on demo. planning on going live next week. After a week or so, i'll post the statement with my settings.
  • #739
  • Sep 6, 2006 12:09pm Sep 6, 2006 12:09pm
I have been testing firebirdind for 3 days with a U$5000 demo account. I have U$200 profit, but also - 1200 float orders. Some orders are open since day 1. The question is: will these float orders close someday?
  • #740
  • Sep 6, 2006 12:11pm Sep 6, 2006 12:11pm
I started testing 4 versions of FB just a couple of days ago. I wanted to get a feel for it by watching it. I was not going to post the results, because I did not use the exact same settings on each on and it's only been a couple of days. But, I'll go ahead and post what I have so far. You can do with it what you will.

63G-TS - 1m charts on USD vs GBP/EUR/JPY/CHF/CAD/AUD and EUR/JPY
1a1 - 1m charts USD vs GBP/EUR/JPY/CHF/CAD and EUR/JPY
1B2 - 1m charts USD vs GBP/EUR/CHF/CAD/AUD
1c1 - 1m charts USD vs GBP/EUR/JPY/CHF/CAD and EUR/JPY

All accounts were opened this past Sunday, 09/03 and started running roughly when markets opened (some were within a couple of hours after). Not much rhyme or reason as to why I chose those pairs, just wanted to experiment a little.
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