Firebird EA - fixed version -

Quoting traderone

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The version 63G that I am using on the M5 test does not have the divergence fix for JPY pairs which 1.0a has. But since I'm not trading JPY at this time it doesn't matter.


I would expect no difference if I were running 1.0a.

If I do decide to add USDJPY then I will switch to 1.0a.

At this time, I would not touch 1.0c with a ten foot pole. Those settings are too aggressive I think for long term trading. Might be great for the summer doldrums though! I'm gonna tuck 1.0c in the corner for next June, July, and August.

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Quoting traderone

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Read post #898 for version

On an account that small, which is I suppose a mini account on IBFX, I would only run two pair and no more lots than .1 each. That would be essentially tencents per pip.

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Quoting cgldsmth

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I think getting the reverse EA to work in tandem with the real 63G would be a winner, at least in theory. problem is activating both on the same platform. I think it may be a magic number issue.

any bright programmers out there have a solution?

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Quoting gorinw12

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Is there any way to fully automate the Firebird on the internet? I mean that, it will not need to work on our computer but it will be uploaded on a server and we will not depend on our computer.... crashes, power cuts, freezes and other problems will not be there... Do you know any service or broker that can do this?



And anyone may open a managed account for firebird so people like me will join?...

We know it is already automated, but shouldn't it be better be on a server so we will not need to maintain our computer all the times?.

Thank you.

E G

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Quoting nvwine

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The reverse EA works with v1.0a for me. At least on EURUSD.

I am not a programmer so it takes me a while to evaluate the code especially this much. It looks to me like the EA controls settings on EURCHF GBPUSD EURUSD internally. It looks like it sets percent, pipstep, and trading hours. It would be nice if someone smarter than myself looked at this.

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Quoting BenQ

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I use vpsland. Virtual dedicated windows server. They're at vpsland.com

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Quoting swissly

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Hi,

I have studied most of the FB code quite intensley. Doing that I stumbled over a bug in the trailing stop code in all known FB EAs (063-TS, 1.0c, 1.0c1).

Since its only a tiny change I try to describe it here:

First, find "TrailingStop" in the code. it should app. look like this:

if(TrailingStop > 0)
{
if((Bid-OrderOpenPrice()) > (Point*TrailingStop))
{
if((OrderStopLoss()) < (Bid-Point*TrailingStop))
{
OrderModify(OrderTicket(),OrderOpenPrice(),Bid-(Point*5),OrderTakeProfit(),0,GreenYellow);
return(0);
}
}
}
}
the bug is the red 5, change it to "TrailingStop" on both places and you are done.

Now the setting of trailingstop does have an effect.

Swissly

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Quoting nvwine

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I run 24-5 and have done limited testing on times.

I would like to remind everyone that there is a lot of info about trading times in the original Firebird thread. Starting with aprox. post #200 ...There was a lot of discussion that may be useful.

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Quoting BenQ

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What calculation are you using to determine how many lots to trade per pair on M5?

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Quoting traderone

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Read post #898 for version

On an account that small, which is I suppose a mini account on IBFX, I would only run two pair and no more lots than .1 each. That would be essentially tencents per pip.

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Quoting sinclap

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I have two demo accounts. One of the demo accounts is using FB 1.0a with five currencies. The five pairs were EUR/USD, USD/CHF, USD/CAD, USD/JPY and GPB/USD on M5 charts. I thought this version was a failure due to losses. However, on closer inspection of the trades, the first three pairs were making profits and the last two were making losses.. The profits on the first three pairs were over $300 in less than a weeks trades on a 5k demo account.

How much capital can I get away to trade three pairs as needed? I have a live account with FXsolutions which does not use the MT4 platform to manually trade. I can not be at the computer all day due to a job, so I need to open at another account that uses MT4. Just wish FX sol would support Mt4. I will keep FX solution to trade the other pairs in my spare time.

Thanks.

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Quoting wackena

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Swissly,

Both methods work. The reason the 5 pips is used is because when using TrailingStop (t/s) value, the first t/s trigger modifies the new s/l to within 2-3 pips of entry price. If reverse happens now, only 2-3 pips profit. When using 5 pips and t/s=30, the new s/l is set about ~25 pips from entry price. If reverse now, ~25 pips profit.

The advantage of using the t/s, you can have many more t/s modification orders that increments the s/l 2-3 pips more profit each cycle.. This can be beneficial in long trends. In short trends, which FB likes, you can lose a good part of the +float.

As always, I could be wrong. In my side-by-side forward testing and backtesting the 2 methods, the 5 pips method was substantially more profitable.

Wackena

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