Hey Guys,

Quick question from a non-programmer. How would I go about reversing the signals in the Firebird EA?

I'm trying a little experiment and I would like to create an EA with the same signalling capabilities of Firebird, but the opposite trades opened. So when it goes long now - I would want it to go short instead.

Does that make sense? Any help would be appreciated.

I know what you mean.
It seems that every time Firebird opens a trade it is the wrong direction. But that's just the way it works - waiting for a pullback.
The same thought crossed my mind too about the reverse Firebird. It would have made some great pips these last two days instead of wiping out all of the last week's gains.
Mike4x.

I can not say you by codes (I don't know) but we did the same with SilverTrend EA in elite section. Because this EA reduced deposit to almost zero for 3 weeks trading 0.1 lot (from 25,000 to 5,000 for 3 or 4 weeks by 0.1 lot size if I remember). So we were thinging that this reversal will help. Nothing.
It was the same.
I think it is the subject to ask and bid price also (for sell and buy orders).

I think that EA should be too bad to do it but Firebird is too bad sometimes and sometimes is too good.

The ideal Firebird EA would be one that can make money in both a trending and ranging market. Reversing the signals will allow this EA to make a lot of money in a trending market obviously, but get killed in a ranging market. You can use an indicator to filter for periods of range and trend, but that would be too lagging IMO. Instead, after a series of losses in the range mode, the EA should switch to trend mode and look for opportunities. After X number of losses in trend mode, it switches back to range mode. I wonder if anyone has tried this. However, waiting for a series of losses before it adapts to the market may be just as lagging as using an indicator.

I found interesting script inside my computer (author is Kimiv).
This script is reversing the already opened order.
But I'm affraid that it closes the order first.

Attached Images

	before.gif (44.1 KB, 235 views)
	after.gif (45.2 KB, 184 views)

Attached Files

Reverse.mq4 (1.5 KB, 99 views)

i had reversed and modified it when 6 1st came out. I tried many settings and ran it in real time but have since moved on. if u want PM me and i will dig around for one of them.

I seem to recall a "Hedge" mode mentioned in the Firebird documentation.

Perhaps some experiments with the Hedge parameters would be useful, tho at the moment I'm not at all sure that the Hedge is in 63G, or if the Hedge trade even had an exit or TP.

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Its the old dilemma: Convergent vs. Divergent strategies and how to switch 'em in a timely manner. Or how to blend them so one doesn't put 'drag' on the other.

Recent price action has caused this question to resurface in different forms in several Forums.

Try this

Eli

Attached Files

Firebird v63G Reverse.mq4 (25.0 KB, 142 views)

Eli - Cheers.

In the Forex Factory forum, one of our members suggested running a Firebird Reversal EA (suitable for trends) in the same account with the Firebird EA (suitable for counter trend-ranging markets). The thought was that both would do well in a sideways market, "if you let both EA´s run on the same account and the same pairs you will gain double in sideway markets and be hedged from the beginning when major trends starting....

Any thoughts on this...would the Reversal Firebird work this way?