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Firebird EA, please test this one, it is one of the greats 1,228 replies

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Firebird EA - fixed version -

  • #841
  • Sep 11, 2006 8:28am Sep 11, 2006 8:28am
Quoting txsundevil



<HR style="COLOR: #d1d1e1" SIZE=1><!-- / icon and title --><!-- message -->Winners for the above mentioned week are the following EAs:


GBPUSD:
1. Firebird v0.65 with 919 pips.
2. Firebird v0.65, timefilter with 885 pips.

USDJPY:
1. Firebird v0.65 with 772 pips.
2. Firebird v0.65, timefilter with 763 pips.
Hi, could you please send a link with v0.65, I could not find it.
Thanks,
  • #842
  • Sep 11, 2006 9:37am Sep 11, 2006 9:37am
Anyway of acquiring the Time Filter for FireBird?


Quoting winters
Hi, could you please send a link with v0.65, I could not find it.
Thanks,
  • #843
  • Sep 11, 2006 10:29am Sep 11, 2006 10:29am
Hummm, does anyone read posts these days? In my post number 838 above is the following quote:

Quoting accrete
...So what are we missing? Does the filtering of time really help that much? Anyway, i'm going to give it a go with this version of FireBird ...: ) Thom
It strikes me as funny, in a sad way, that something so obvious could have been missed. Just click on the "this version of FireBird" and the version available on the net copyright by TraderSeven with the same code we use in other versions to set the trading window... it will download for you with the settings used except for my note in the original post 838... haha. Sorry, you're gonna have to read the post to read my tweak.

Come on ppl. Read! And Study.
Sorry, don't usualy behave like this, but some times it's just to much.

All that said i'm not near ready to commit any real funds to any EA, but they are fun to demo and test to see if they show promise, and some will.

Thom

PS txsundevil THX, your post was pip on.
  • #844
  • Sep 11, 2006 10:41am Sep 11, 2006 10:41am
Thanks Accrete! I have to agree with you a little, although there really is a lot to read and assimilate here.

I would like to share one experiment I have been doing since August 10. I have been running 3 pair only on the original, not too zany mono settings of 30-300-30. Tha would be TP, SL, Pipstep.

I am running on the 5 minute charts rather than the M1. Original 63G.

These are conservative figures I know, but the account has been rather impervious to last weeks bad results. Far fewer trades than other settings

As of this morning a net of 2215 pips (on three pair). Currently only four trades floating for a loss of -119 pips. (already subtracted from net amount).
Never had a very scary drawdown yet. Just something to think about.
Don Life is expensive, but includes a free trip around the sun.
  • #845
  • Sep 11, 2006 11:07am Sep 11, 2006 11:07am
In a single word; "Helpful".

In more detail? I have had a great time over at the tsd site and i've found the people to be courteous and generous with their knowledge. There are some real great coders over there such as CodersGuru who was featured in an article for the upcoming MQ contest. NewDigital that runs the Elite area is very gracious and knowledgeable. I just want to put on record over here at my "Home" forum, that they are a great bunch of fellow traders.

=========end of ramble.

TraderOne, thx for the info. I've found in my testing that running on a 5m chart is helpful in filtering out some of the noise, still don't understand fully why, something is going on that is helping though. I didn't have much action last nite in the FB test, but then i realized that i need to have another running along side to have something to weight them against, so i'll open up an original tonight and run'em both.

Great to hear your account is in the black. You stated you are running the "original", am i to take it that it is the 65G without TS? The 65 does have the TS function, and last week i did note that the TS did help at times.

Cheers,
Thom
  • #846
  • Sep 11, 2006 11:15am Sep 11, 2006 11:15am
Nope. The "original" I refer to is Firebird 63G. The one with no divergence fix for JPY pairs and no TS. Real plain vanilla 30-300-30 settings on M5 charts.

It has never closed a loss in 1 months time now. 78 wins and 4 floating, two currently in profit.
Don Life is expensive, but includes a free trip around the sun.
  • #847
  • Sep 11, 2006 11:25am Sep 11, 2006 11:25am
Do you happen to know the largest DD it had during the month?



Quoting traderone
Nope. The "original" I refer to is Firebird 63G. The one with no divergence fix for JPY pairs and no TS. Real plain vanilla 30-300-30 settings on M5 charts.

It has never closed a loss in 1 months time now. 78 wins and 4 floating, two currently in profit.
  • #848
  • Sep 11, 2006 11:27am Sep 11, 2006 11:27am
TraderOne:

could you post a copy of the version you are using several G63 were changed and also would appreciate the 3 pairs that you were trading. Thanks!
  • #849
  • Sep 11, 2006 12:01pm Sep 11, 2006 12:01pm
Hi Don,

Which 3 pairs are you running 63G on?

regards,
forexpips
  • #850
  • Sep 11, 2006 3:50pm Sep 11, 2006 3:50pm
OK guys.

The point I was trying to make was that I am running the EA on M5 charts with the old 30-300-30 settings.

You can run the EA on the very first message in this thread. Firebird v1.0a

Run it just like it is and run it on the 5 minute charts.

I am running it on USDCHF, EURUSD, USDCAD.

My point was that it ran thru last week's disaster and actually made some gains. I attribute that to the more conservative settings and the M5 charts.

I'm thinking about adjusting my live account to the M5 charts.
Don Life is expensive, but includes a free trip around the sun.
  • #851
  • Sep 12, 2006 1:06am Sep 12, 2006 1:06am
EA's simply do not work! They all seem to kick ass until one gloomy day and.... BAM!!!!! MARGIN CALL!!!!

I've been there, done that... Dont take offense, just trying to help. EA's are the lazy mans hope for fortune... You know what they say about a fool and his money right? So dont be fooled into thinking an EA will work. I know by our nature that we really hope one day we will formulate the winning EA and our hearts, hopes and dreams trick us into believing we will... WELL WE HAVEN'T!!!! There are tons of them out there and they all suck!

Please dont take this post wrong. I'm trying to help. Dont trust a computer with your money. It has no discretion!

Here's an analogy... Ever meet someone who was nice as pie? Said and did all the right things? All the while something inside you made you dislike this person and you didn't know why??? All your friends and family said you were wrong about this person... Until one Gloomy day..... BAM!!!! His true colors showed! Same as trading with an EA! BAM!!! MARGIN CALL!!!

I hope this helps some who still have hope!

Thanks,

Bags
"Skills pay the bill's!"
  • #852
  • Sep 12, 2006 3:21am Sep 12, 2006 3:21am
yes bago.

I'm attaching Elihayun's Reversev63G from the TSD thread. Could we use this on separate charts within the same MT4 and thereby provide the perfect hedge?
Attached File(s)
File Type: mq4 Firebird v63G Reverse.mq4   25 KB | 552 downloads
TRADE FOR SWAP
  • #853
  • Sep 12, 2006 6:40am Sep 12, 2006 6:40am
Quoting bagovino
EA's simply do not work! They all seem to kick ass until one gloomy day and.... BAM!!!!! MARGIN CALL!!!!

I've been there, done that... Dont take offense, just trying to help. EA's are the lazy mans hope for fortune... You know what they say about a fool and his money right? So dont be fooled into thinking an EA will work. I know by our nature that we really hope one day we will formulate the winning EA and our hearts, hopes and dreams trick us into believing we will... WELL WE HAVEN'T!!!! There are tons of them out there and they all suck!

Please dont take this post wrong. I'm trying to help. Dont trust a computer with your money. It has no discretion!

Here's an analogy... Ever meet someone who was nice as pie? Said and did all the right things? All the while something inside you made you dislike this person and you didn't know why??? All your friends and family said you were wrong about this person... Until one Gloomy day..... BAM!!!! His true colors showed! Same as trading with an EA! BAM!!! MARGIN CALL!!!

I hope this helps some who still have hope!

Thanks,

Bags
I totally agree with you.
  • #854
  • Sep 12, 2006 7:32am Sep 12, 2006 7:32am
Quoting bagovino
EA's simply do not work! They all seem to kick ass until one gloomy day and.... BAM!!!!! MARGIN CALL!!!!
Caution is a good thing. EA's are simply tools in a traders box of systems and strategies. Unless a trader can see that they need management (like any other system), then no, they won't be profitable.

In my opinion, if someone is a poor trader without EA's then they'll be a poor trader with them, and vice versa.
  • #855
  • Sep 12, 2006 9:24am Sep 12, 2006 9:24am
Well I have to disagree. I am currently profitable on FB from last week I think by using conservative settings and an account which provided adequate "cushion" aganinst marging calls!

EAs don't work when overleveraged, which I suppose is what many people do.
They are several that can work however with conservative settings.

For instance, I recently posted of my experiences with Firebird on M5 charts with the more conservative settings. It ran thru the big "bad" time last week and is still very profitable.

I think that EAs probably don't work if you try to get rich in a month. If you set conservative goals of say 10 to 20% per month, I think they very well can work.
Don Life is expensive, but includes a free trip around the sun.
  • #856
  • Sep 12, 2006 10:06am Sep 12, 2006 10:06am
When i read the first 3 or 4 posts in this thread one thing that caught my attention was the stop loss/take profit ratio.

To gain 30 pips you guys are willing to lose 300 pips!!!

Which means you need 10 winning trades to equal a single loss!!!

100 winning trades to equal ten losing trades!!!

This is insane!!

You know what this means, it means you could winning for 9 months and lose it all in one month.

The take profit stop loss ratio should be at least 1 to 1 or 2 to 1 and not 1 to 10!!!
  • #857
  • Sep 12, 2006 10:12am Sep 12, 2006 10:12am
Thanks for the conventional wisdom.

Actually the 300 stop loss works well.

The EA wins about 30 trades per each loss when run on conservative settings. (30-300-30) I really like it on the M5 timeframe as compared to the M1 as far as reliability goes. A large enough account to withstand unexpected drawdowns when beginning the EA, then the EA will do the work. It needs room to breathe.
Don Life is expensive, but includes a free trip around the sun.
  • #858
  • Sep 12, 2006 10:15am Sep 12, 2006 10:15am
traderone - what do you think of using the reverse FB and normal FB on the same account (different charts) - wouldn't it provide the perfect hedge?
TRADE FOR SWAP
  • #859
  • Sep 12, 2006 10:22am Sep 12, 2006 10:22am
ok, guys. I have to say this.
Many will disagree, many will declare me mad and some will even want to kill me...

How about if we don't use SL for Firebird!?

I think using 60min timeframe on a 5min chart with 0.15 percent will filter out most noise to avoide being on the wrong side of the market.
No losing trades starting 2004 July with these settings.
I know backtest don't say anything, but it gives us a clue.

...and soo we continue to dream...
Attached File(s)
File Type: zip noSLfirebird.zip   32 KB | 585 downloads
  • #860
  • Sep 12, 2006 10:24am Sep 12, 2006 10:24am
I guess somehow I have missed the reverse FB!

I do know that I have run the 1b2 hedge version for the last two weeks and made 800 pips on 4 pair. That includes the bad week! I'm beginning to think that the previous wisdom of having $1000 in the account for every .1 traded is perhaps too aggressive for LONG TERM use.

I am now using .5 minilots per $1000 account per pair and feeling much less pressure on the margin etc. I feel it may now be much more possible to weather the occasional storm. I'll look for the reverse version.

As long as I can thrash the rates that the banks give me for my money, I'll be happy. I don't need to be rich by next month! (Wouldn't turn it down though)
Don Life is expensive, but includes a free trip around the sun.
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