Firebird EA - fixed version - | Page 38 | 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 -

  • #741
  • Sep 6, 2006 12:15pm Sep 6, 2006 12:15pm
Quoting raffaelst
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?
yeah, it will close if it reached the t/p or s/l. and the worse case would be margin call.
  • #742
  • Sep 6, 2006 1:18pm Sep 6, 2006 1:18pm
Is there any profitable version of firebird? The float orders in all version that I tested is the double or triple than the profit. Why this?
  • #743
  • Sep 6, 2006 1:58pm Sep 6, 2006 1:58pm
My tests are suggesting that FB eventually hedges itself by surrounding the price with trades long and short.
TRADE FOR SWAP
  • #744
  • Sep 6, 2006 2:58pm Sep 6, 2006 2:58pm
FB can work but its brutal during sustained long term trends as we just witnessed. I am referencing version v1.oc...

Now I understand the newer version v63HO2 is safer with currency pairs such as GU or any currency pair for that matter which is trending long term. What I found out today through experimentation was that you can apply the different versions of FB to the charts which you have open.. So what I did was apply the v63HO2 version to cable and cable only.. The other pairs I am using the v1.oc ver.

In this way it is safer or at least it would appear.. FB did quite buying the cable which was what I needed to accomplish. Its too early to tell the overall affects of this manouver.

When you say FB is hedging which version are you referring to ?

Sanchez



Quoting cgldsmth
My tests are suggesting that FB eventually hedges itself by surrounding the price with trades long and short.
  • #745
  • Sep 6, 2006 3:31pm Sep 6, 2006 3:31pm
Quoting sanchez
FB can work but its brutal during sustained long term trends as we just witnessed. I am referencing version v1.oc...

Now I understand the newer version v63HO2 is safer with currency pairs such as GU or any currency pair for that matter which is trending long term.
Guys, have somebody any longer experience with version 63GH02 ???
I trade live account and like the low float of this EA... Moreover this version has a protection mode in stronger trends, like GBP/USD today... He saved much floating to me

Thanks for help,

mr.trader
  • #746
  • Sep 6, 2006 3:51pm Sep 6, 2006 3:51pm
Where I can find the 63GH02 version and it's configuration file?

thank u
  • #747
  • Sep 6, 2006 4:50pm Sep 6, 2006 4:50pm
Quoting raffaelst
Where I can find the 63GH02 version and it's configuration file?

thank u
Hi raffaelst,
Here is a copy that I had hope this helps....Amaru... I hope this is what your looking for ???
Attached File(s)
File Type: mq4 Firebird v63H02.mq4   22 KB | 442 downloads
  • #748
  • Sep 6, 2006 5:12pm Sep 6, 2006 5:12pm
I have been following this thread from the start and wanted to add my results to the mix. I started v1.0c1 on 9/1/06. I know, nfp day, but since the consensus was not much of a deviation I thought I would give it a try. I started with 3 pairs, the 30-300-30 setting with money management, all mini lots, eur/usd, usd/chf, and usd/jpy, but for some reason the ea would not open a jpy order no matter what the deviation. Anyway, the results:

9/1/06 Starting bal - $3055.13
Ending bal - $3182.68
eur/usd 87 pips
usd/chf 50 pips
Total pips - +137
Had 5 open orders for 139 pips, 4 negative and 1 positive
My gross profit was $127.55
My net profit was $56.83 or 45% which isn't bad. I wish my company made 45% profit on each sale, I'd be a billionaire by now.

No trades closed on Monday due to the holiday.

9/5/06 Starting bal - $3182.68
Ending bal - $3290.34
I added the usd/cad and deleted the yen as no orders were being opened even though there was good movement on the yen. Does anyone know why this would happen?

Pip totals - eur/usd +48
usd/chf +58
usd/cad +14
Total pips - +120, not bad for 1 day I would say.
Gross profit so far - $235.21

9/6/06 Starting bal - $3290.34
Ending bal - $3381.16, added gbp/usd

Pip totals - eur/usd +32
usd/cad +57

Total pips - +89
Gross profit - $326.03
Open orders - -$72.60
Net for 3 days - +$249.83 on mini lots. Go to full lots and you're looking at $2500 for 3 days for doing nothing. I could live with that. I just wanted to share my tests with everyone.
  • #749
  • Sep 6, 2006 5:31pm Sep 6, 2006 5:31pm
yardie, I ran a few backtest to assure EA wa placing orders as intended. I did not produce reports. In these tests, the hedge option did improve results on eur/usd and gbp/usd. My FDXX demo froze up and I had to reload EA. For some reason the history data now is corrupt. I will update history data and run off a few reports.

Wackena


Quoting Yardie
Do you have any backtesting results for this Wackena?
  • #750
  • Edited 7:38pm Sep 6, 2006 6:52pm | Edited 7:38pm
I do have a Q on the settings. I'm using Mono's settings also [see below for a paste of them if you need them]. Under the pip step area, did you testers lower to match in that area also? (I did, not knowing any better. grin). Also, how about the stop loss setting? In the "H" version it comes default at 42 pips? Is that right? Again, due to my lack of knowledge on this one, i just went ahead and changed the S/L default up to the larger IND settings as shown below. I am only testing the top four currencies.

Cheers,
Thom

Our FireBird Resource Page is now updated to include all posted FB versions in the EA Archive area : )

paste from Mono's IND settings:

Currencies Traded

EUR/USD TP=22 SL=220 PIPSTEP=22
GBP/USD TP=30 SL=300 PIPSTEP=30
USD/CAD TP=21 SL=210 PIPSTEP=21
USD/CHF TP=25 SL=250 PIPSTEP=25

EUR/JPY TP=21 SL=210 PIPSTEP=21
USD/JPY TP=20 SL=200 PIPSTEP=20
AUD/USD TP=16 SL=160 PIPSTEP=16
EUR/CHF TP=10 SL=100 PIPSTEP=10
EUR/GBP TP=9 SL=90 PIPSTEP=9
AUD/JPY TP=15 SL=150 PIPSTEP=15

---Stockwet---Checking out the VPSLand.com site. VERY COOL!
I'd be able to trade via my PDA sort of...as a heads up to where the currecies were going anyway. Would not need to be hardwired to the net in the RV. Could just log in a few times a day! Yippie. Don't need the "in-motion" satellite connection or expense. Don't know why i missed that cool technology being the gadget guy that i am. THX again.
  • #751
  • Sep 6, 2006 8:00pm Sep 6, 2006 8:00pm
Quoting accrete
I do have a Q on the settings. I'm using Mono's settings also [see below for a paste of them if you need them]. Under the pip step area, did you testers lower to match in that area also? (I did, not knowing any better. grin). Also, how about the stop loss setting? In the "H" version it comes default at 42 pips? Is that right? Again, due to my lack of knowledge on this one, i just went ahead and changed the S/L default up to the larger IND settings as shown below. I am only testing the top four currencies.

Cheers,
Thom

Our FireBird Resource Page is now updated to include all posted FB versions in the EA Archive area : )

paste from Mono's IND settings:

Currencies Traded

EUR/USD TP=22 SL=220 PIPSTEP=22
GBP/USD TP=30 SL=300 PIPSTEP=30
USD/CAD TP=21 SL=210 PIPSTEP=21
USD/CHF TP=25 SL=250 PIPSTEP=25

EUR/JPY TP=21 SL=210 PIPSTEP=21
USD/JPY TP=20 SL=200 PIPSTEP=20
AUD/USD TP=16 SL=160 PIPSTEP=16
EUR/CHF TP=10 SL=100 PIPSTEP=10
EUR/GBP TP=9 SL=90 PIPSTEP=9
AUD/JPY TP=15 SL=150 PIPSTEP=15

---Stockwet---Checking out the VPSLand.com site. VERY COOL!
I'd be able to trade via my PDA sort of...as a heads up to where the currecies were going anyway. Would not need to be hardwired to the net in the RV. Could just log in a few times a day! Yippie. Don't need the "in-motion" satellite connection or expense. Don't know why i missed that cool technology being the gadget guy that i am. THX again.

Accrete,

I have run v63H02 for about a month with Mono's settings of 30-300-30, but when I saw his post on his latest results with the individual settings either on this thread or the original thread, I thought about doing what you are now doing. I think that this will give us the best combination of profit and protection. I will be switching to IND for the pairs I trade live (the 4 majors & EUR/JPY) and will let everyone know how it goes.

1 trader2
  • #752
  • Sep 6, 2006 8:03pm Sep 6, 2006 8:03pm
I setup v1.0c1 to go live on a small account last night and had some promising results for its first day.

I am trading this version on three pairs (EUR/USD, USD/JPY, & USD/CHF).

The only change that I made to the default settings was to change the Percent variable to 0.025. I had done a bit of backtesting and found this number to be very profitable. It places the orders fairly close together and seems to raise the odds of them hitting the T/P number.

Today's (9/6/2006) Record

19 Wins and 0 Losses
Total Booked Pips = 238
Total Floating Pips = -140

So basically it is a +98 Pip day. Not bad for a first day.

Tightening the band by using the smaller percent setting of 0.025 seems to also act as a bit of a hedge as their seems to be a nice balance of orders set on each side as the small swings happen.

I will post an update on tommorrows progress.
  • #753
  • Sep 6, 2006 9:09pm Sep 6, 2006 9:09pm
Quoting stockwet
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
Thanks for the tip stockwet.
  • #754
  • Sep 6, 2006 10:44pm Sep 6, 2006 10:44pm
Quoting stockwet
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
Thanks for sharing the info on the VPS. I am sure a lot of people would be interested in this.
I had seen your post in other thread before and got interested in it but I found that the RAM on the VPS isn't that much. If you buy a puter now, you would not put only 320mb of RAM on it for sure.
Is there any reason why it is ok to have only so much RAM on the VPS?
Please let me know. Thanks!
  • #755
  • Sep 6, 2006 10:55pm Sep 6, 2006 10:55pm
Quoting altapowder
I setup v1.0c1 to go live on a small account last night and had some promising results for its first day.

I am trading this version on three pairs (EUR/USD, USD/JPY, & USD/CHF).

The only change that I made to the default settings was to change the Percent variable to 0.025. I had done a bit of backtesting and found this number to be very profitable. It places the orders fairly close together and seems to raise the odds of them hitting the T/P number.

Today's (9/6/2006) Record

19 Wins and 0 Losses
Total Booked Pips = 238
Total Floating Pips = -140

So basically it is a +98 Pip day. Not bad for a first day.

Tightening the band by using the smaller percent setting of 0.025 seems to also act as a bit of a hedge as their seems to be a nice balance of orders set on each side as the small swings happen.

I will post an update on tommorrows progress.
You seem to have a really good result with your settings. That's impressive in that your float isn't that high for the profit you are making.
What's the time frame you are using?
  • #756
  • Sep 6, 2006 10:58pm Sep 6, 2006 10:58pm
Quoting altapowder
I setup v1.0c1 to go live on a small account last night and had some promising results for its first day.

I will post an update on tommorrows progress.
Altapowder,
Waiting for your promising result and see green pips..

Anyway what is the difference between v1.0c and v1.0c1. If possible do you mind to attach the EA for v1.0c1.

Tq.

See u at the top.
Shah For every action there is an equal and opposite reaction.....
  • #757
  • Sep 6, 2006 11:32pm Sep 6, 2006 11:32pm
Quoting spartan
You seem to have a really good result with your settings. That's impressive in that your float isn't that high for the profit you are making.
What's the time frame you are using?
I left it at the default 30 minute period. An I set a max of 30 open orders, hoping I could contain the float.

Today was only the first day so we will see how it goes.
  • #758
  • Sep 6, 2006 11:37pm Sep 6, 2006 11:37pm
Quoting Panjan
Altapowder,
Waiting for your promising result and see green pips..

Anyway what is the difference between v1.0c and v1.0c1. If possible do you mind to attach the EA for v1.0c1.

Tq.

See u at the top.
I honestly do not know the difference. I found it at this link.
http://www.accrete.com/fx-mirror/mt4...a-archives.htm

I was origionally testing the v63G-TS version but found through a little backtesting and seeing some of the results that were posted before that it can have a pretty high float. Dropping the percent setting on version c1 seems to put the orders close enough together that it gives you a good shot at knocking multiple orders out on a good swing.
  • #759
  • Sep 7, 2006 1:10am Sep 7, 2006 1:10am
mmmmm - my comment about hedging with 63G was along these lines, the EA setting up multiple trades either side of the price. I've been using percent 0.05 so maybe this variable is key, since a smaller rtetrace will activate the EA to place the "hedge" order.

of course have to keep an eagle eye on margin and MM with this. I'm trading 3 pairs.

nice work Altapowder
TRADE FOR SWAP
  • #760
  • Sep 7, 2006 1:33am Sep 7, 2006 1:33am
Wow, pipstep seems to be working on this one.
Attached Image
1 trader viewing now