Firebird v632 Forex EA - Proven Expert Advisor for Optimal Trading

Discover the power of Firebird v632.mq4, a reliable Forex robot designed to enhance your trading experience. This Expert Advisor (EA) ensures precision and efficiency in your trades, offering a seamless approach to navigating the dynamic Forex market. Tested on reputable platforms like LQDFX and FXOpen, it seamlessly integrates with any broker, providing flexibility for your trading preferences. Elevate your trading strategy with Firebird v632 and unlock the potential for consistent gains. Download the Forex EA now and optimize your trading journey.

Unlock Your Forex Potential with Firebird v0.632!

Firebird v0.632 uses a simple yet effective strategy. It calculates a 10-day Simple Moving Average (SMA) and creates a channel by shifting it up and down by 2%. You can choose to base this SMA on either the closing price (for more trades) or the high and low prices (for safer trades). When the price breaks out of this channel, it takes a position in the opposite direction of the current trend. If the trade goes against you, Firebird opens an additional position to average the losses. About 50% of trades typically last a day, 45% last 2-6 days, and 5% may last longer or end in a loss.

How this EA Works:

Firebird v0.632 monitors the market and waits for opportunities to enter trades. When the conditions are right, it opens either a buy (long) or sell (short) position based on the SMA and channel. If necessary, it can open additional positions to manage losses. This EA aims to capture short to medium-term trends in the Forex market.

Ready to give it a try? Follow these simple steps to set up Firebird v0.632:

Download the 'mq4' file for Firebird v0.632.
Open your MetaTrader 4 platform.
Click on 'File' and select 'Open Data Folder.'
In the 'MQL4' folder, find the 'Experts' folder, and copy the 'mq4' file into it.
Close and reopen MetaTrader 4 to enable the EA.
Now, let's customize your Firebird v0.632 settings:

MA_length: This parameter determines the length (number of periods) of the Simple Moving Average (SMA) used by the EA to create a channel. In this EA, it's set to 10, meaning it calculates a 10-period SMA.
MA_timeframe: This parameter specifies the timeframe used for the SMA calculation. In the example, it's set to 30, which corresponds to a 30-minute timeframe (M30). The EA uses this timeframe to calculate the SMA.
MAtype: MAtype allows you to choose the type of price data used for the SMA calculation. A value of 0 represents using the closing prices (more trades), while a value of 1 represents using the high and low prices (safer trades) for the calculation.
Percent: This parameter determines the percentage by which the SMA is shifted up and down to create a channel. In the example, it's set to 0.1, indicating a 2% shift (0.1% up and 0.1% down).
TradeOnFriday: A binary parameter where 1 allows trading on Fridays, and 0 prevents trading on Fridays. It helps control whether the EA should execute trades at the end of the trading week.
slip: Slip is the maximum allowable price slippage when executing orders. In the example, it's set to 100, meaning the EA will accept a price difference of up to 100 points (pips) when executing orders.
Lots: This parameter determines the lot size or position size for each trade. It's set to 0.3, indicating a position size of 0.3 standard lots.
TakeProfit: TakeProfit defines the price level at which the EA will automatically close a trade with a profit. In the example, it's set to 30 pips.
Stoploss: Stoploss sets the maximum allowable loss on all open positions in pips. In the provided example, it's set to 2000 pips.
PipStep: PipStep is the number of pips the price must move against a trade before the EA opens an additional position to average the losses. In the example, it's set to 30 pips.
IncreasementType: IncreasementType controls the method for adjusting PipStep as more positions are opened. A value of 0 means that PipStep is added directly, while a positive value suggests a more complex adjustment based on the total number of orders.
MagicNumber: MagicNumber is a unique identifier for the EA's trades. It helps the EA distinguish its trades from other EAs or manual trades within the same account.

Winning Strategy Settings:

Currency Pair: EURUSD
Minimal Balance: $500 (Smallest minimum balance)
Time Frame: 30 minutes (M30)

MA_length: Set it to 10.
MA_timeframe: Use 30.
MAtype: Choose 0 for close or 1 for high and low.
Percent: Set to 0.1.
TradeOnFriday: Keep it at 1 for trading on Fridays.
slip: Set to 100.
Lots: Use 0.3.
TakeProfit: Set it to 30.
Stoploss: Use 2000 (total loss on all open positions in pips).
PipStep: Set to 30.
IncreasementType: Keep it at 0.
MagicNumber: Use 12345.

Remember, Firebird v0.632 is an EA that can help you catch Forex trends and manage your trades effectively. It's essential to practice responsible risk management and start with a demo account before using it in a live trading environment.

Share

Facebook Twitter Print Pinterest Gmail Email App