Firebird EA - fixed version -
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Thread: Firebird EA - fixed version -

  1. #1
    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

  2. #2
    SamuraiPower, thanks a lot for answer.

  3. #3
    This seems to work well for me SamuraiPower whenever I point in the direction of the trend.

    Great profits so far on my demo.

    I see the COT reports and do some basic trend analysis to find out if the pair is going in the direction that I need and then I set the EA to just trade that direction and it works great;P gratz on the Firebird EA and Indior and thanks for the input SamuraiPower!

    Maxss
    Quote Originally Posted by ;
    Hi guys,

    That is my very first post on FF, though I have been lurking onforexsoutheast.asiaforum for about a yearI see that this thread is freezing, so I just wanted to share my thought hoping for good feedbacks from all you guys. So here's my opinion,

    [font=Calibri][size=3]I'm busy doing my job because I'm an employee, so I wished to have a minimum constraint of my chart, I just need a daily control, secondly there's absolutely no EA that operates forever since the market is changing overtime therefore I've to...

  4. #4
    Hi Samuri, First, the zip file was missing the part of the EA. I really would like to determine how it works. There's another EA I've attempted by a man named with a thread here called Trading the AUD/NZD successfully which can buy and sell and take profit each 30 pips, or how many you wish to place it. He has made EAs which can be employed on other pairs which can buy or sell every 60, 100 or even 90 with the trades increasing in lot dimensions by whatevre you desire. Without reading the entire thread (I know I need to ), it seems that this EA is a lot like it, except you are using it only for either a long or short position based on your own reading of what the daily trend is. However, isn't the issue not the fad and the RETRACE? Let us say that you buy or sell the EURO, as your chart says it's trending and it steadily climbs up 300 points, and the retrace was 25 pips within that entire move. You have several positions at increasing lot sizes, so you can't buy anymore. Since the pair has become 125 PIPS above your trade, you need a retrace of 80 PIPS to close all trades either even or in profit. What if it never does? What if it keeps trending up yet another 400 points? That's my primary concern.

  5. #5
    Got another 100pips for complete 2600 pips in 9 days trading.


    Regards
    Samurai Power

  6. #6
    Quote Originally Posted by ;
    obtained another 100pips for complete 2600 pips in 9 days trading.
    Regards
    Samurai Power
    I saw your statement partner..., zero drawdown?? , zero reductions, 100% wins...
    Sounds like a”magic”.
    I figure it really needs all the skills to ascertain when trend turns other manner, shut all moment unfavorable trades (as low as possible), await tendency to establishe and push again EA on that manner.
    I use 4H TF, to se whats happening. . .only daily is not sufficient.

  7. #7
    Hi paradoxical

    I dont know wether I get your point or not, but if the market move up or down smoothly or stable in a huge range (almost no retracement) then this Ea wont open position.

    For gasgas

    this is not magic, this is demo, in actual trading that the outcome might be different bcoz emotion is going to involved. No drawdown? Not yet my friend, it is not statistic if I cite 9 days trading only, but the purpose is positive result in a month for 500 pips.
    I will see the tendency clearly from the market character lately, I think it will be changing direction to move down at a large range within the upcoming few days, that time it will be enormous loss maybe about 400 pips when I dont drive the ea, however 9 days profit will pay it reduction.
    Btw using 4h chart as your major trend is a fantastic idea. I used it not always since im back and busy to daily major trend. Perhaps it will work for others.

    Samurai Power

  8. #8
    Samurai

    I have read somewhere that this Pro is very good on ranging market, with your way we are trading big trends. . .And after transfer many times it goes somewhat ranging. Do you set LongShort and think, following good move, could we change onto a TF. . .Well for this time start moving one-way. Just thinking...

    Cheers

  9. #9
    Gasgas,

    yes ive tried that setting for some time and it seems still make profit, but another way I use when the trend is changing is to set the SL and TF lower around 20 to 40 pips on the jogging position simply to take the small profit and push the ea again. Btw that's a stage gasgas. This isn't a correct setting, all u may change the feeling as u feel relaxation but the point is that I edued about the major idea, just attempt to share good thing here sincirely to get greater pips in my life . . .he....

    See post 2090 for the placing

    Samurai Power

  10. #10
    I just came across that thread the other day, also see that EA's been around for awhile, and also a lot of people were gung ho about it, and apparently got murdered in a greatly trending market once the pair(s) only kept going up or down. There hasn't been much posting sine about September of last year.
    I have set it on 4 pairs just to see how it functions. Samur, I admire your statements and that you've been able to get 100 pips regularly.

    On IBFX, the conventional setting of.10 is ten cents. On a $3,000 account, that is good to begin with. I like your idea of moving with the current tendency . I guess if you're in a trade such as the GBP, along with that commerce instantly, you cans just close and go another way. When I return in the very first post here, I see low take profits and pipsteps. I gather somebody determined those ought to be changed, because the EA has default configurations of MUCH higher pips.

    Does anyone understand these were changed? Was it to remove too many trades?

    In future articles, I will discuss an EA created by a guy named that is very similar, and also a new notion of opening trades in times once the pair surpasses it's 40 Moving Average by 80, 90, 100, 120 pips (anything you would like to set it in ). This opens trades at whatever distance you desire, and goes against the tendency. It's the opposite of the EA. It's a tendency EA.

    I don't see how people got busted using this EA. Should you use a stop of 300 pips, you can simply calculate how much % of your account that is, and set the EA to exchange just the amount of lots that would equal 2-3% of your account in case you were stopped outside.

    Among those threads has articles on is 100X80 EA oh boy for anyone that is interested.

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