Simple H1 GBPUSD EA

Geoff,
Mine still has not taken a trade. When I test it, it comes up blank. I have v2 of yours. Default settings. Any suggestions?
Thank you.

btw is forex a banned word? why is it always replaced by criminals? j

Just got a test to work but the EA did not pick up a trade last night.

Hi sanyhuis
Mmmm, that is a difficult one without being able to see your platform.

I'm not sure how much you know about MT4 so I will have to start with the basics!

1. Is the Expert Advisor tab in your top-bar Green?

2. In Tools, Options, Expert Advisor is the box ticked to allow live trading?
In this tab the only options that need to be ticked (enabled) are Enable Expert Advisors, Allow Live Trading, Allow DLL Imports and Allow External Expert Imports, all the rest should be unticked (disabled).
These settings will work for all EA's.

Let me know about these points first...

Neither did mine!

I should have looker here first!

Yes to all the above.
I'm glad to hear that!!

Thank you.
s

Using Steve's EA (before his update) I took five trades during the night. All hit tp or at least the jumping stop

Yeah! Steves work is brilliant!

In the spirit of keeping this EA simple I have added M15 fractals. Doh!

It has reduced the number of losses but there is still a long way to go.

I found the best result so far with the start time at 1:00 (Alpari UK) ie. the start of the Tokyo session, optimised 1st trade TP 20, TSL 20, SL 165

The new version v3 is attached and I will add it to Post #1.

Bars in test 7378
Ticks modelled 12907547
Modelling quality n/a
Mismatched charts errors 317065
Initial deposit 2000.00
Total net profit 4158.84
Gross profit 8779.32
Gross loss -4620.48
Profit factor 1.90
Expected payoff 9.86
Absolute drawdown 190.96
Maximal drawdown 728.06 (11.53%)
Relative drawdown 25.57% (709.60)
Total trades 422
Short positions (won %) 190 (92.63%)
Long positions (won %) 232 (93.97%)
Profit trades (% of total) 394 (93.36%)
Loss trades (% of total) 28 (6.64%)
Largest
profit trade 87.60
loss trade -165.22
Average
profit trade 22.28
loss trade -165.02
Maximum
consecutive wins (profit in money) 138 (2799.44)
consecutive losses (loss in money) 4 (-660.00)
Maximal
consecutive profit (count of wins) 2799.44 (138)
consecutive loss (count of losses) -660.00 (4)
Average
consecutive wins 28
consecutive losses 2

Here are the .mq4 and .ex4 files:

How M15 Fractal filter works?

It gives us a more accurate handle on the short term trend.

We can't use it on the H1 timeframe because you have to wait for the third bar before you can be sure that it won't repaint.

So M15 seems the most reasonable choice!

Its taking too much time to complete back test! If you don't mind can I hire some kind of accelerator from corola?

OK boys and girls, I knew there was an "edge" to this strategy.

In order to run the EA through the optimiser I turned the second order off and suddenly got some rather exciting results.

The optimiser came up with TP60, SL120, TSL19, start time 1:00 (Alpari) which is Tokyo start.
The moving average is now set to 16SMA.

Bars in test 7382
Ticks modelled 12918028
Modelling quality n/a
Mismatched charts errors 317154
Initial deposit 2000.00
Total net profit 2524.40
Gross profit 4684.41
Gross loss -2160.01
Profit factor 2.17
Expected payoff 11.69
Absolute drawdown 21.60
Maximal drawdown 406.50 (13.21%)
Relative drawdown 13.21% (406.50)
Total trades 216
Short positions (won %) 102 (92.16%)
Long positions (won %) 114 (91.23%)
Profit trades (% of total) 198 (91.67%)
Loss trades (% of total) 18 (8.33%)
Largest
profit trade 60.00
loss trade -120.01
Average
profit trade 23.66
loss trade -120.00
Maximum
consecutive wins (profit in money) 27 (814.87)
consecutive losses (loss in money) 1 (-120.01)
Maximal
consecutive profit (count of wins) 814.87 (27)
consecutive loss (count of losses) -120.01 (1)
Average
consecutive wins 10
consecutive losses 1

geoffb65

please, could you post a complete statement of you backtest?

Thanks

Here are the .mq4 and .ex4 files to place just 1 order.

Is that not a complete statement?

No, it is only the .gif image!!!

Please help my poor old brain cell, what is it that you want?