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Simple H1 GBPUSD EA

  • #141
  • Apr 18, 2010 7:08am Apr 18, 2010 7:08am
Quoting SkyzerFX
Ok, sure let's see how it goes, I'll look into it as well, if there is anyways

to improve it. If we can squeeze 100 pips weekly out

of it, that be more than perfect.
Well said!

I hate weekends, can't do any testing with GBPUSD spread set to 28 on my Alpari demo account...
  • #142
  • Apr 18, 2010 7:11am Apr 18, 2010 7:11am
Test on an Alpari platform with real account login, the spreads will be normal.

Quoting geoffb65
Well said!

I hate weekends, can't do any testing with GBPUSD spread set to 28 on my Alpari demo account...
  • #143
  • Apr 18, 2010 7:19am Apr 18, 2010 7:19am
Quoting shiva
Test on an Alpari platform with real account login, the spreads will be normal.
I didn't know that!

Thank you!
  • #144
  • Apr 18, 2010 8:14am Apr 18, 2010 8:14am
Steve,

At first test, it appears the Trailing Stop feature is not working.
  • #145
  • Apr 18, 2010 8:48am Apr 18, 2010 8:48am
Quoting pipstalker
Steve,

At first test, it appears the Trailing Stop feature is not working.
The default TSL is set to 10 ie. 1 pip
If you set it to 180 you will see the TSL working!
  • #146
  • Apr 18, 2010 12:37pm Apr 18, 2010 12:37pm
Hello geoffb65,

thanks for you system.

Just an explanation. Suppose you are in a short trade and you have not hit the TP or the SL and the next day you have a BUY signal. What do you do?

atfx
  • #147
  • Apr 18, 2010 12:41pm Apr 18, 2010 12:41pm
Quoting geoffb65
Many thanks Steve!

What a pleasure it is to witness such genuine altruism!
I have a simple life philosophy: what goes around, comes around. When I send out good stuff, it comes straight back, usually quite quickly here at FF.

FF has to be the best forum around.

  • #148
  • Apr 18, 2010 1:04pm Apr 18, 2010 1:04pm
Quoting atfx
Hello geoffb65,

thanks for you system.

Just an explanation. Suppose you are in a short trade and you have not hit the TP or the SL and the next day you have a BUY signal. What do you do?

atfx
Well, at the moment it will create a long trade.

I use Alpari and they allow hedging so I can run long and short orders at the same time.

However, if the second order in your example had been another SELL signal, it would not have created a second short order.
  • #149
  • Apr 18, 2010 1:05pm Apr 18, 2010 1:05pm
Quoting SteveHopwood
I have a simple life philosophy: what goes around, comes around. When I send out good stuff, it comes straight back, usually quite quickly here at FF.

FF has to be the best forum around.

Nice one!
  • #150
  • Apr 18, 2010 1:21pm Apr 18, 2010 1:21pm
I have a question on the backtesting. Did these tests include Sundays? The market opens at 6PM and there is no US session. I am assumign this would sway the results. Just a thouight....
Believe and Achieve!
  • #151
  • Apr 18, 2010 1:39pm Apr 18, 2010 1:39pm
Quoting geoffb65
The default TSL is set to 10 ie. 1 pip
If you set it to 180 you will see the TSL working!

I had changed it to 250 and it will move the Stop to BE but won't trail past that point. This is fine if it is the parameters of the system, however if it truly trailed, we would be able to pick up many more pips. Just an observation.
  • #152
  • Apr 18, 2010 3:09pm Apr 18, 2010 3:09pm
Quoting pipstalker
I had changed it to 250 and it will move the Stop to BE but won't trail past that point. This is fine if it is the parameters of the system, however if it truly trailed, we would be able to pick up many more pips. Just an observation.
It definitely trailed on my test but it didn't get many more pips on the second order at my setting TP 180 for the first order.
  • #153
  • Apr 18, 2010 3:14pm Apr 18, 2010 3:14pm
Quoting sirwolf
I have a question on the backtesting. Did these tests include Sundays? The market opens at 6PM and there is no US session. I am assumign this would sway the results. Just a thouight....
It depends where you set the start time, if after 00:00 it will place an order on Monday.

If you set it before 00:00 it should place an order on Sunday night.

In both cases it will use the trend from the previous Friday NY session.
  • #154
  • Apr 18, 2010 3:35pm Apr 18, 2010 3:35pm
Is there ever a time when the TP or SL doesn't get triggered before the next day's trades are to be activated? Then what happens?
  • #155
  • Apr 18, 2010 3:35pm Apr 18, 2010 3:35pm
This is my latest backtest from Jan 2009. It's promising!! How we can filter loss trades into the EA? Any ideas?
Attached Image (click to enlarge)
Click to Enlarge Name: Simple_H1_GBPUSD_EA.gif Size: 7 KB
  • #156
  • Apr 18, 2010 4:10pm Apr 18, 2010 4:10pm
Quoting todd960960
Is there ever a time when the TP or SL doesn't get triggered before the next day's trades are to be activated? Then what happens?
Yes, this will happen occasionally.

If a short order is in place it is possible that a long can be placed next day.

However, it will only allow one long and one short at the same time
  • #157
  • Apr 18, 2010 4:13pm Apr 18, 2010 4:13pm
Quoting atfx
This is my latest backtest from Jan 2009. It's promising!! How we can filter loss trades into the EA? Any ideas?
I'm working on it!

Your chart looks very much like the ones that my testing has produced.

Should have some better results tomorrow.
  • #158
  • Apr 18, 2010 5:17pm Apr 18, 2010 5:17pm
My first update.

No way do I want to trade this system as the Sunday candle gets going, so my robot immediately taking a trade does it no favour in my eyes. 2nd rate oil for this one tomorrow.

Anybody testing my robot needs to download the latest update here. Apart from the above, I forgot to remove a vital bit of code that will allow the robot to trade well beyond its trading hour because I needed to see the on-screen feedback during robot development.

Attached File(s)
File Type: mq4 Steve Hopwood's geoffb65 Simple H1 multi-pair.mq4   31 KB | 647 downloads
  • #159
  • Apr 18, 2010 10:15pm Apr 18, 2010 10:15pm
Quoting geoffb65
I believe that anyone who has ever tried to design an EA will verify the truth of the following statement.

As someone who has written hundreds of EA's I believe the following to be true....

1. If an EA produces a profit of any description, no matter how small, it is worth pursuing because, in order to show the slightest profit it must first pay the spread and if it can do that, the underlying strategy must be profitable!

2. If the strategy only works 50% of the time an EA based on it will very definitely produce a loss, which makes it...
4. Most of the EAs show straight equity curve from top left corner to right bottom corner!!!
  • #160
  • Apr 19, 2010 2:01am Apr 19, 2010 2:01am
Quoting kijkij
4. Most of the EAs show straight equity curve from top left corner to right bottom corner!!!
Very true kijkij!
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