Simple H1 GBPUSD EA | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple 3 order GBPUSD EA 1,047 replies

Experiment with "Simple H1 GBPUSD EA" 4 replies

Simple 5m GBPUSD trade system 10 replies

Attachments: Simple H1 GBPUSD EA
Exit Attachments

Simple H1 GBPUSD EA

  • #261
  • Apr 20, 2010 1:29pm Apr 20, 2010 1:29pm
I just completed a whole bunch of backtests with Alpari UK.. and seems this is best results. Very high risk since trading full lot on both positions.. so a stop out at 165 (pips) x 2 (Lots 1.0).. = $3,300. But the return is there. I wonder if there could be a way to HEDGE once in minus, to help minimize the losses..

Account Balance : $10,000
Lot Size : 1.0
GMT 0
Entry 1
Version 3

Year 2009 and Year 2010 (Jan 1 to present)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009 Version 3.jpg Size: 94 KB
Click to Enlarge Name: 2010 Version 3.jpg Size: 96 KB
  • #262
  • Apr 20, 2010 1:45pm Apr 20, 2010 1:45pm
Went back and did some manual backtesting. The system did terrific over the past 3 months. Not so good the 3 months prior. Does anyone have statistics going back several years on this method?

BTW...last night was a winner. I'm using the 23z as an entry time. Came within 2 pips of getting stopped out only to have it fully reverse...Thanks to CPI...and then came away with a win!

Great system....rock on!
  • #263
  • Apr 20, 2010 1:47pm Apr 20, 2010 1:47pm
Sorry, looks like some back tests on the recent posts. I'll go back and review. All...thanks for the backtest work.
  • #264
  • Apr 20, 2010 2:27pm Apr 20, 2010 2:27pm
Quoting kijkij
Hi Geoff,

If i do manually your strategy, then how can I set TSL if I don't want observe it whole the day? I think no idea!
Check out Steve Hopwoods Multi Purpose Trade management EA - link is in his signature
  • #265
  • Apr 20, 2010 2:29pm Apr 20, 2010 2:29pm
Quoting tommycz
I just completed a whole bunch of backtests with Alpari UK.. and seems this is best results. Very high risk since trading full lot on both positions.. so a stop out at 165 (pips) x 2 (Lots 1.0).. = $3,300. But the return is there. I wonder if there could be a way to HEDGE once in minus, to help minimize the losses..

Account Balance : $10,000
Lot Size : 1.0
GMT 0
Entry 1
Version 3

Year 2009 and Year 2010 (Jan 1 to present)
I got similar results in my backtest. How about waiting for a loser and then trading the next 2-3 trades?
  • #266
  • Apr 20, 2010 2:52pm Apr 20, 2010 2:52pm
Quoting tommycz
I just completed a whole bunch of backtests with Alpari UK.. and seems this is best results. Very high risk since trading full lot on both positions.. so a stop out at 165 (pips) x 2 (Lots 1.0).. = $3,300. But the return is there. I wonder if there could be a way to HEDGE once in minus, to help minimize the losses..

Account Balance : $10,000
Lot Size : 1.0
GMT 0
Entry 1
Version 3

Year 2009 and Year 2010 (Jan 1 to present)
Great work tommycz!

Sounds like we are on the same page, I have spent some time earlier today looking at the possibility of hedging once a trade is say half way towards the stoploss.

It's a bit worrying that whipsaw could mess both trades up but I like a challenge so I will keep trying different methods.
  • #267
  • Apr 20, 2010 2:57pm Apr 20, 2010 2:57pm
Quoting fxdrive
I got similar results in my backtest. How about waiting for a loser and then trading the next 2-3 trades?
Hi fxdrive

What did you mean "trading the next 2-3 trades"?

Were you thinking of doubling the lot size on the next trade or something else?

All ideas are welcome!
  • #268
  • Apr 20, 2010 2:59pm Apr 20, 2010 2:59pm
I am running v4 on my vps and last night took a trade at 1:30 price 1.53402 with a tp of 1.54002. This trade closed at 09:26 for a very small profit. Yet when I got into work where, unknown to my boss, I am running v3 it took two trades at exactly the same time as v4 at exactly the same price with exactly the same TSL etc... yet it closed at 10:29 with over 30 pip profit.
  • #269
  • Apr 20, 2010 4:52pm Apr 20, 2010 4:52pm
Quoting geoffb65
Hi fxdrive

What did you mean "trading the next 2-3 trades"?

Were you thinking of doubling the lot size on the next trade or something else?

All ideas are welcome!
The back testing results show that after every lost trade comes at least 2-3 good trades. Don't trade and watch what would have happened. When you see a trade which would have lost then trade the next 2-3 trades. After this wait for the next failed trade.

This would mean very few trades, however, they might all be good trades which is what we all want.
  • #270
  • Apr 20, 2010 5:21pm Apr 20, 2010 5:21pm
Quoting geoffb65
Report:
I got this for v4 since Jan 1st 2010 up to now...
did not change anything ... with default settings
looks little different from what tommycz has uploaded ...
Attached Image (click to enlarge)
Click to Enlarge Name: 001.gif Size: 7 KB
  • #271
  • Apr 20, 2010 6:01pm Apr 20, 2010 6:01pm
At the end of NY there is still some volatility because of after hours news look at today AAPL is up 5% while it was down 2%. So in reality you should wait a few hours after the session... it would have avoided you your drawdown in the last few sessions. Try to modify the code to take the trade at the start of the new day at 0 hours with the same Alpari UK trading hours. If the 0th hour HIGH does not open or close above the SMA 9 take a short... likewise for BUY. You can actually reduce S/L to something like 50 pips above the SMA since you probably are in the wrong direction in this case.

Try it... maybe I can modify the code and try it.

Jag
  • #272
  • Apr 20, 2010 6:25pm Apr 20, 2010 6:25pm
Quoting sashasan
I got this for v4 since Jan 1st 2010 up to now...
did not change anything ... with default settings
looks little different from what tommycz has uploaded ...

All my test have been done using Version 3... that is why maybe the difference!
  • #273
  • Apr 20, 2010 6:27pm Apr 20, 2010 6:27pm
Is anybody else triggered LONG?

Opened 2 lots @ 1.53633 and using Version 3
  • #274
  • Apr 20, 2010 7:13pm Apr 20, 2010 7:13pm
Thx RR for posting how to take care of this issue. I'm not a coder, but I probably should be. lol

thx,
todd

Quoting Ronald Raygun
Not that hard to do, just calculate the sl/tp from the trade's opening price.
  • #275
  • Apr 20, 2010 7:49pm Apr 20, 2010 7:49pm
Quoting tommycz
All my test have been done using Version 3... that is why maybe the difference!
oh, it's ok, anyway it shows great performance during last month, but not that good at jan and feb because of many stop losses...
  • #276
  • Apr 20, 2010 9:35pm Apr 20, 2010 9:35pm
Quoting geoffb65
No problem!

But I thought you liked my curves!
No, dear friend. Your curves are good but only fear that big draw downs which cannot be accepted on very small accounts. That is why I want to go manually without Sl and let it run until it stop at TP or stop me to trade.
  • #277
  • Apr 21, 2010 12:57am Apr 21, 2010 12:57am
v3 opened only one trade tonight and closed it with profit for 20 pips.
  • #278
  • Apr 21, 2010 1:12am Apr 21, 2010 1:12am
Quoting Emanuele
v3 opened only one trade tonight and closed it with profit for 20 pips.
I don't know why it does that! Very strange!

Anyway, a profit is a profit!

My v4 trade is just about to be taken out by the TSL at +30 pips by the usual reversal in the last hour before London open.

This reversal is very reliable...
  • #279
  • Apr 21, 2010 1:22am Apr 21, 2010 1:22am
Here is last nights v4 trade +29 pips..
Attached Image (click to enlarge)
Click to Enlarge Name: simplegbpusdv4.gif Size: 29 KB
  • #280
  • Apr 21, 2010 1:28am Apr 21, 2010 1:28am
Quoting sidhujag
At the end of NY there is still some volatility because of after hours news look at today AAPL is up 5% while it was down 2%. So in reality you should wait a few hours after the session... it would have avoided you your drawdown in the last few sessions. Try to modify the code to take the trade at the start of the new day at...
Thank you for your input!

This is how the first version worked, now we look at the slope of the SMA to decide the trend and it does give fewer losing trades now!
19 traders viewing now