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Simple H1 GBPUSD EA

  • #10,141
  • Jan 4, 2025 1:28am Jan 4, 2025 1:28am
Quoting MacMG
As I promised here is OverNight_Banker_v02 EA. RULE 1: Protect your "CAPITAL". Download EA file to your PC or your choice broker MT4 platform. Open Terminal Tester; - confirm EA. - set test period (minimum 24 month). - chose currency pair. - start and when visual chart fully reappear STOP!!! Go to Tools / History Center ; -download chosen currency M1, H1, MN1 dates. When ready, start currency pair of your choose chart again and see if it cover testing period of 24 month. Make a full period test. On your screen, the EA will indicate ; MaxDrawDown...

hello friend Thank you for all your hard work. Thank you for honestly sharing what you got with all of us. I read the last few pages. If possible, guide me further. Thank you for your generosity:

First, except that the account balance should be according to the formula you said:
Capital = 2 x MaxDrawDown, in relation to value of Risk = 1%

Is it necessary to turn off the robot temporarily? Or run in vps and forgot?

I want to use your vast experience, which currency pairs do you suggest we use?

Can it work on cent dollar account? I am creating an account where several robots will trade with each other. Do you have any suggestions?
I apologize in advance if my question is repeated
and thank you for your answer
A little beginner trader since 2006
  • #10,142
  • Jan 4, 2025 3:40am Jan 4, 2025 3:40am
Quoting Naseri13
{quote} hello friend Thank you for all your hard work. Thank you for honestly sharing what you got with all of us. I read the last few pages. If possible, guide me further. Thank you for your generosity: First, except that the account balance should be according to the formula you said: Capital = 2 x MaxDrawDown, in relation to value of Risk = 1% Is it necessary to turn off the robot temporarily? Or run in vps and forgot? I want to use your vast experience, which currency pairs do you suggest we use? Can it work on cent dollar account? I am creating...
Hi Naseri13.
First to clarify, as my status tells , I'm "Another beginner", I have nothing to sell and all what I post on this tread is free to anyone.
All what I'm doing is just an attempt to pay back to my best fiend Geoff's tread for what I learned in all those years when we have been here together.
  • #10,143
  • Jan 4, 2025 3:57am Jan 4, 2025 3:57am
Quoting Naseri13
{quote} hello friend Thank you for all your hard work. Thank you for honestly sharing what you got with all of us. I read the last few pages. If possible, guide me further. Thank you for your generosity: First, except that the account balance should be according to the formula you said: Capital = 2 x MaxDrawDown, in relation to value of Risk = 1% Is it necessary to turn off the robot temporarily? Or run in vps and forgot? I want to use your vast experience, which currency pairs do you suggest we use? Can it work on cent dollar account? I am creating...
The formula; "Capital = 2xMaxDrawDown" is as a mast!!! It is result of Rule 1.
Make test the currency pair of your choice for period 12 month to be sure if your Capital can stand "MaxDrawDown" on demo account.
I made a test GBPUSD, period 12MN, Risk=1% for you.
Attached Image (click to enlarge)
Click to Enlarge Name: OverNight_Banker_v02 GBPUSD 01.01.2024-01.01.2025.png Size: 21 KB



You can see MaxDrawDown = £452.03, so your account needs to be about £900.
Use this EA for various currency pairs on demo acc, to be sure they don't interfere with each other.
This EA is just for penny/cent traders with little capital and lots of patience.
I'm glad you consider to try this EA.
Any comments very appreciated.
Green pips and good luck.
.
Mac.
  • #10,144
  • Jan 4, 2025 4:59am Jan 4, 2025 4:59am
Quoting MacMG
{quote} The formula; "Capital = 2xMaxDrawDown" is as a mast!!! It is result of Rule 1. Make test the currency pair of your choice for period 12 month to be sure if your Capital can stand "MaxDrawDown" on demo account. I made a test GBPUSD, period 12MN, Risk=1% for you. {image} You can see MaxDrawDown = £452.03, so your account needs to be about £900. Use this EA for various currency pairs on demo acc, to be sure they don't interfere with each other. This EA is just for penny/cent traders with little capital and lots of patience. I'm glad you consider...
May the God bless you and Christ protect you.
Million thanks.
I will try to get a history of several currency pairs like eur/usd / eur/jpy usd/jpy and gbp/gpy in these two days and also bring any successful ones into the real account according to the formula you gave.
I will announce the result here to you and other friends.

Edit:
Is there any set files or just set default?
A little beginner trader since 2006
  • #10,145
  • Jan 4, 2025 9:42am Jan 4, 2025 9:42am
Quoting Naseri13
{quote} May the God bless you and Christ protect you. Million thanks. I will try to get a history of several currency pairs like eur/usd / eur/jpy usd/jpy and gbp/gpy in these two days and also bring any successful ones into the real account according to the formula you gave. I will announce the result here to you and other friends. Edit: Is there any set files or just set default?
This EA does not use any indicators nor Stop Loss or TP.
There is nothing even to optimize.
You have to set GMToffset =? (according to your broker, see post#1), decide your Risk appetite on demo account, accordingly maintain level off capital on your account and count your profit.
However, this EA will not make you a millionaire over night I believe.

.
Mac.
  • #10,146
  • Jan 4, 2025 9:45am Jan 4, 2025 9:45am
Quoting MacMG
{quote} This EA does not use any indicators nor Stop Loss or TP. There is nothing even to optimize. You have to set GMToffset =? (according to your broker, see post#1), decide your Risk appetite on demo account, accordingly maintain level off capital on your account and count your profit. However, this EA will not make you a millionaire over night I believe. . Mac.
Here are some GMT offset examples:

Alpari: GMT +2
Axisodl: GMT
ACTbrokers: -4
CFGTrader: GMT +2
CoesFX: GMT +3
Fibo Group: GMT +2
Forex.com: GMT
Forex LTD: GMT +2
FXCM Trader 4: GMT -4
FXCM MT4 powered by BT: GMT +1
FXDD: GMT +3
Gomarkets GMT +2
IBFX: GMT
Marketiva GMT
MetaQuotes: GMT +2
MoneyTec: GMT +3
Netdania Charts GMT -8
North Finance: GMT +2
Oanda GMT -5
Orion: GMT +4
Real Trade: GMT +2

Mac.
  • #10,147
  • Jan 4, 2025 9:51am Jan 4, 2025 9:51am
Quoting Naseri13
{quote} May the God bless you and Christ protect you. Million thanks. I will try to get a history of several currency pairs like eur/usd / eur/jpy usd/jpy and gbp/gpy in these two days and also bring any successful ones into the real account according to the formula you gave. I will announce the result here to you and other friends. Edit: Is there any set files or just set default?
As previously in case of _v0 and _v01, I will post on Sunday's, weekly performance of OverNight_Banker_v02.

.
Mac.
  • #10,148
  • Jan 5, 2025 6:29am Jan 5, 2025 6:29am
Quoting MacMG
{quote} As previously in case of _v0 and _v01, I will post on Sunday's, weekly performance of OverNight_Banker_v02. . Mac.
Thanks
Can you please explain the logic of overnight_banker v02?
  • #10,149
  • Jan 6, 2025 12:39am Jan 6, 2025 12:39am
Quoting Merka
{quote} Thanks Can you please explain the logic of overnight_banker v02?
Well.
Learn and eventually make money or even living, I believe.
So, green pips to all who try it.
.
Mac.
  • #10,150
  • Jan 11, 2025 10:11am Jan 11, 2025 10:11am
Quoting MacMG
{quote} As previously in case of _v0 and _v01, I will post on Sunday's, weekly performance of OverNight_Banker_v02. . Mac.
Hi.
OverNight_Banker_v02 latest performance for period 01.01.2025-11.01.2025.

Attached Image (click to enlarge)
Click to Enlarge Name: OverNight_Banker_v02 01.01.2025 -11.01.2025. GBPUSDH1.png Size: 12 KB


.
Mac.
  • #10,151
  • Jan 18, 2025 6:03am Jan 18, 2025 6:03am
Quoting MacMG
{quote} As previously in case of _v0 and _v01, I will post on Sunday's, weekly performance of OverNight_Banker_v02. . Mac.
Hi.
OverNight_Banker_v02 last week performance on period 01.01.2025-18.01.2025.
GBPUSD H1.
Attached Image (click to enlarge)
Click to Enlarge Name: OverNight_Banker_v02 GBPUSDH1.png Size: 13 KB


.
Mac
  • #10,152
  • Jan 23, 2025 10:40pm Jan 23, 2025 10:40pm
Quoting MacMG
{quote} Hi. OverNight_Banker_v02 last week performance on period 01.01.2025-18.01.2025. GBPUSD H1. {image} . Mac
MacMG - amazing work here! Testing this on my demo account rn.
  • #10,153
  • Jan 26, 2025 10:23pm Jan 26, 2025 10:23pm
Quoting lyj00088
{quote} MacMG - amazing work here! Testing this on my demo account rn.
You're more then welcome.

Mac.
  • #10,154
  • Jan 27, 2025 9:22pm Jan 27, 2025 9:22pm
how do i set GMT offset for my broker dooprime here in philippines
  • #10,155
  • Jan 27, 2025 10:29pm Jan 27, 2025 10:29pm
Quoting marksyph
how do i set GMT offset for my broker dooprime here in philippines
Hi marksyph.
See on your chart trade_hour parameter which suppose to be =1.
Open a test chart of the EA.
Go to Expert Property window/GMToffset and set +/- the deference between your "screen trade_hour " to
EA trade_hour to be = 1.
Let's say "your screen trade_hour=5" , then set GMToffset=2-4= -2.
Close Expert Property window, start the test and see if trade_hour parameter turn to be =1.
If yes, your GMToffset = -2.
Run this test till you see open first position at 1am.
Hope it helps.

.
Mac
  • #10,156
  • Jan 27, 2025 10:32pm Jan 27, 2025 10:32pm
Quoting marksyph
how do i set GMT offset for my broker dooprime here in philippines
Good luck and green pips.

Mac
  • #10,157
  • Jan 27, 2025 10:43pm Jan 27, 2025 10:43pm
Quoting marksyph
how do i set GMT offset for my broker dooprime here in philippines
See post#1 or post#10146, it may help to.
Mac.
  • #10,158
  • Jan 29, 2026 7:29am Jan 29, 2026 7:29am
Hi, is there a chance to get the mq4 source? As I would like to port this to MT5.
  • #10,159
  • Feb 4, 2026 12:57am Feb 4, 2026 12:57am
Quoting paulbt38
Using Steve's EA (before his update) I took five trades during the night. All hit tp or at least the jumping stop
where is Steve's ex4 file?
Abubaker
  • #10,160
  • Last Post: Feb 5, 2026 11:38am Feb 5, 2026 11:38am
Quoting Abubaker786
{quote} where is Steve's ex4 file?
many years ago ...

post #219

https://www.forexfactory.com/thread/...32#post3651132

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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