New Firebird EA - page 19

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hampeh, even with Firebird setting at making a maximum of 3 trades (instead of 10 default) per chart on one pair, you would still be trading 30% of your $100.00 with 1 micro-lot at IBFX - I would suggest you trade only 2-4% of your account value - especially with Firebird. Even in this case, you need $1000 minimum.

faifarni, I have very good results with pipstep at 15 for GBP since 9/1 running on "c" version

 

Unfortunately this EA is in crisis right now(see attached). for setting I also attach my set file. hope being help to you all. On the live accout less severe but still heavy loss.I only traded Majors with this Ea except U/Y. because it took several heavy losts during back and forward testing.

Ross.

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are too big for the amount of the gain

dont you think your stop losses are rather large..? for the amount of profit that you were trying to gain. i mean you have 100+ stops for 20 pips profit.. to me that seam a little out of whack.

 
 

i think you guys are using too much leverage on these tests and it makes the results look worse than they really are in terms of a system. If you test on 5k and you run it on 4 pairs at .01 you are really trading 4 lots with 5k wich is extreme leverage. You got to factor in the fact you might get 10 additions to each pair as the system cost averages.

I have been running version C live on 5 min charts, only eurusd, with some decent results, i think the success with this system depends on how much you can afford to lose, and how much time you are willing to wait . If you use low leverage, just about every trade takes profit sometime down the road.

What has really boosted profits with this system is hedging. I do discretionary trading in another account, and take trade setups in the other direction the EA is trading. This has really worked out well so far.

 

Ross123 - I agree that the model is in crisis. We have to remember that FB is a contrarian EA. Perhaps if the pipstep was increased by a certain amount and the t/p was decreased for each successive trade it would provide a bit more of a hedge against a longer trend like we are seeing.

I also think that you need a very large account to consider making 10 trades per chart and keeping your overall risk low (certainly <10% of account balance). What is the opinion? is it worth coding to compare test performance in a trending market?

 

 

good EA

 

Mechanics

Does anybody actually know how this indicator is calculated ? I cannot quite manage to translate the EasyLanguage at the beginning of this thread.

Thanks

 

Hi all

I read all the pages about this EA ( Firebird v1.0c1 ) and I decide to use it in real account , but I have many question t

1- can I use it with small account like 500$ ?

2- is the NF broker good with this EA ?

3- can I increase the lot size in the future ?

4- Do I have change any setting to use it in small account like the number of treads ?

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