Originally Posted by Wackena

Firebird 3.2

Broker FXDD - eurusd, gbpusd, usdjpy, usdchf
Deposit $3,000
Timeframe M5
Balance $5,120
Equity $4,779
Wins 72 - Loses 7

Open Orders 4 (Float p/l $-340)
ROI 25.9 %

Started test on 2006.12.03.

I had 7 loses, that were my fault. They comprised of 2 groups, 1st for 2 loses and 2nd for 5 loses. 1st group was when I started the test and had PercentFloatLevel=10. This only allows negative Float to be 10% of Balance before it closes all orders. 2nd group of loses was when I broke a basic rule of never working on a code if EA is running. I set the equity proctection level again too low and it closed all open orders again. you can see none of the loses were sl loses. If I hadn't made these 2 miistakes, I should be up even more by a few hundred dollars with no loses.

This doesn't it mean that Firebird 3.2 won't blowup sometime in the future, but it survived the NFP news on Friday. The Hedge orders seem to be very useful in making profits during both trend directions. We will need to wait and see a few major trend spikes before we know if this EA can play and not get hurt too bad in the real world.

Firebird is a counter trend EA and needs a range of negative float to perform as designed. I suggest that PercentFloatLevel setting be set to allow ~$1,000 per each lot for negative float. Example: 1 lot = ten orders of 0.1 lot. To protect equity, PercentFloatLevel needs to be adjusted as equity increases. On equity increases, PercentFloatLevel can be set lower to maintain necessary amount for negative float.

I can not over state the importance of protecting your equity when running Firebird EAs. It's history has been to make real impressive profits over time, just to see it quickly get wipe out in only a few days. Use the equity protection, trading time filter, manual observations or whatever it takes.

Wackena