UPDATE 26 Sept 2011: '' I utilized in past years that this ea in actual account and deplated it quite quickly after few consecutive losses occurred!! So be advise this trading system does not work in anyway under some market conditions and currency pairs utilized in least not in the very long term ( 2 years). Consider this thread only as a excercise to learn how to not trade Currency Market market.
I'll not remove this first post to ensure that other newbie trader (as I was at that time) can find something from my errors.


Hi Firebirders!
I began here a new fresh thread about additional advancement based on Firebird EA v0.63G that appears really the very best version ever produced with amazing performance analyzed by a lot of users in old article.
I will try, as much as I can, to upgrade frequently this first article so each news,settings,fix will probably be written here.
I wish to thanks to users that in old thread help to improve Firebird in particular Mono for sharing and testing his result and placing toforexsoutheast.asiausers.

[How it works Firebird ?]
(taken from EA code)
Firebird computes a 10 day SMA and then transforms it down and up based on a percent to form a channel.
For the calculation of the SMA either close (more transactions ) or H L (safer transactions ) is utilized.
When the price breaks a ring a postion at the opposite of this current trend is taken. If the place goes against us simply open an extra place to ordinary (pipstep function).
To prevent enter a trade as a strong tendency is set up a divergence function is employed that is calculated as difference between a Faster SMA (by default set to 23) along with a Slower SMA (by default set to 84).

Decision Firebird v0.63g:
- Our adored EA This version it is apparently a pips machine, employ pipstep to ordinary place and divergence to prevent strong tendency.

* Firebird v1.0a:
- based on Firebird v0.63g engine.
- Fixed bug that stop to all JPY pairs to input frequently a trade due to a calculation error on divergence function.
- Removed looping print about Account Equity on Expert tab.
- Deleted override settings should you use TF30 timeframe chart.

*Firebird v1.0c (altered by Wackena)
- Average daily range calculated automatically using ATR on past 21 days, there's no more need to set up StopLoss,TakeProfit and Pipstep, they are all calculated automatically.
- Additional Money Management routine. If you want to manually set lot size, set UseMM=0(false)
- Additional MaxOpenOrders routine to include control as to max number of open orders at one time per pair. If not wanted, set MaxOpenOrders=10.
- Additional Trailing stop function

[Firebird Preferences (based on Mono's settings)]
- Firebird_settings_v1.0.zip: Contains two versions of preset files that seems to works better:

1) Mono's fixed setting (Mono_settings_fixed_v1.0. Zip ): Fixed tp=30, sl=300, pipstep=30 for pairs
two ) Mono's factor setting (Mono_settings_variable_v1.0. Zip): distinct setting for every pair based on average daily range (in pips). Use profit (TP), Stop loss (LS) and PipStep are calculated with these formulas:
TP = Daily Avg Range*2/10, SL = Daily Avg RangePhase two, PipStep = Daily Avg Range/10


EUR/USD TP=22 SL=220 PIPSTEP=11 (Daily Avg Range = 110)
GBP/USD TP=30 SL=300 PIPSTEP=15 (Daily Avg Range = 150)
USD/CHF TP=25 SL=250 PIPSTEP=12 (Daily Avg Range = 125)
EUR/JPY TP=21 SL=210 PIPSTEP=10 (Daily Avg Range = 105)
USD/JPY TP=20 SL=200 PIPSTEP=10 (Daily Avg Range = 100)
USD/CAD TP=21 SL=210 PIPSTEP=10 (Daily Avg Range = 105)
AUD/USD TP=16 SL=160 PIPSTEP=8 (Daily Avg Range = 80)
EUR/CHF TP=10 SL=100 PIPSTEP=5 (Daily Avg Range = 50)
EUR/GBP TP=9 SL=90 PIPSTEP=5 (Daily Avg Range = 45)
AUD/JPY TP=15 SL=150 PIPSTEP=7 (Daily Avg Range = 75)

* Mono's chart time period: M1 (1 min chart)
https://www.forexsoutheast.asia/gene...ng-posted.html
https://www.forexsoutheast.asia/gene...ing-breed.html
https://www.forexsoutheast.asia/atta...1623637420.zip