Distribution:    The Blood Parrot, also called the Bloody Parrot and Blood Parrotfish, and another variety known as the Jellybean Parrot are fish developed by breeders and hobbyists. Since they are a hybrid, they are domestic and only found in aquariums. The Blood Parrot is said to have been bred in Taiwan and the suggested parents are Central and South American cichlids.

Status: There are no wild populations of this species.

Descriptions : The Blood Parrot Cichlid is a hybrid fish that was first created in Taiwan in the mid to late 1980's. Its parentage has been highly disputed, but the most commonly speculated pairings are Midas Cichlid (Amphilophus Citrinellus) with the Redhead Cichlid (Paratheraps Synspilum). One of the more wild theories is the Severum (Heros Severus) with the Red Devil Cichlid (Amphilophus Labiatus). Blood Parrots have a round body, a beak shaped head with an upside down triangle mouth. They are often seen in bright orange in coloration, but seen in other colors such as red, yellow, brown, and tan.   A further developed variety is the Convict Parrot Cichlid, which is also called the 'Jellybean' Parrot or 'Bubble Gum' Parrot'. This is actually a 'double hybrid' fish. It is a cross between a female hybrid Blood Parrot and a pink male Convict Cichlid Archocentrus (Cichlasoma) nigrofasciatus. Blood Parrots have reportedly been crossed with other cichlid species such as the Severum and the Texas Cichlid. So there may be other new varieties showing up down the road.
   All cichlids share a common feature that some saltwater fish such as wrasses and parrotfish have and that is a well-developed pharyngeal set of teeth that are in the throat, along with their regular teeth. Cichlids have spiny rays in the back parts of the anal, dorsal, pectoral, and pelvic fins to help discourage predators. The front part of these fins are soft and perfect for precise positions and effortless movements in the water as opposed to fast swimming.
   Cichlids have one nostril on each side while other fish have 2 sets. To sense "smells" in the water, they suck water in and expel the water right back out after being "sampled" for a short or longer time, depending on how much the cichlid needs to "smell" the water. This feature is shared by saltwater damselfish and cichlids are thought to be closely related.

Size - Weight:    These fish generally get up to 6 - 7" (15-17.5 cm), though some will reach 8" (20 cm).

Care and feeding:    Since they are omnivorous the Blood Parrot, Bloody Parrot, or Blood Parrotfish will generally eat all kinds of live, fresh, and flake foods. To keep a good balance give them a high quality flake food or pellet everyday. Feed brine shrimp (either live or frozen) or blood worms as a treat. Live guppies and goldfish will suffice when they get bigger. Proteins high in B-carotene will promote good coloring.

    A 30 gallon tank will be fine for juveniles for the first couple of years, but for adults 55 gallons is suggested. They prefer slow to moderate moving water along with good efficient filtration. The aquarium should have low to moderate lighting. Provide a substrate of fine dark sand along with rocks and roots for places to hide along with open areas for swimming. Plants can also be included as they will not bother them.

   They can be easy to care for if water changes are performed frequently. Do water changes of 20 - 25% weekly, more or less depending on stocking numbers. If water quality is ignored, as with all cichlids, disease and death can occur. One common problem is Ich. It can be treated with the elevation of the tank temperature to 86° F (30° C) for 3 days.

Water Region: Top, Middle, Bottom:   These fish will swim in all areas of the aquarium.

Acceptable Water Conditions:    Hardness: 2-25° dGH
   Ph: 6.5 to 8.0
   Temp: 70-82° F 21-28° C. Their colors will pale in the lower temperatures.

Mixing with other fishes:

The blood parrot is a cross-bred from cichlids parents, and you would expect these fish to be highly territorial and aggressive. However, these fish are surprisingly shy and peaceful - and many owners have successfully kept them in a community tank with other mid-size fish such as danios, angelfish, and catfishes. However, true to their parents' heritage, these fishes can be highly territorial and may fight with their tank mates if kept in a community tank.
If these fishes are kept with other cichlids, care should be taken to ensure that their tank mates are not overly-aggressive.

Sexual Differences:    Sexing them is difficult. Males will show a pink around their gills and on the throat when they are in spawning colors.

Breeding/Reproduction:
Blood parrots will attempt to breed in an aquarium and some pairs attempt to breed very frequently (every few weeks). What most people find is that a pair will court, clean a nest site and then lay eggs. However, the eggs do not hatch in many cases. The parents will continue to care for the eggs for several days until the eggs turn white with fungus and then the parents will likely eat the eggs.
Interestingly, recently more and more people report that their blood parrot cichlids are successfully breeding.

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Reference

http://parrotcichlid.com/node/15287

http://animal-world.com/encyclo/fresh/cichlid/blparrot.php

http://aquariumlore.blogspot.com/2006/07/blood-parrots.html

http://cichlidresearch.com/parrot.html