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Simple H1 GBPUSD EA

  • #281
  • Apr 21, 2010 1:30am Apr 21, 2010 1:30am
I have tested since Monday on my live vps account, but it didnt any trade: When I was testing on demo, every night it traded. Do you know why?
Sorry my English is bad.

Thanks
  • #282
  • Apr 21, 2010 1:51am Apr 21, 2010 1:51am
Quoting mirgi
I have tested since Monday on my live vps account, but it didnt any trade: When I was testing on demo, every night it traded. Do you know why?
Sorry my English is bad.

Thanks
Your English is fine, thank you for your interest!

It should have traded every day this week, I have v4 on a vps and it has traded ok.

Do you have any other robots on your vps?
  • #283
  • Apr 21, 2010 1:55am Apr 21, 2010 1:55am
Quoting todd960960
Thx RR for posting how to take care of this issue. I'm not a coder, but I probably should be. lol

thx,
todd
Hi Todd

I will have a look at this today, it will be a useful feature for all versions!

Many thanks to RR, you make it sound so easy!
  • #284
  • Apr 21, 2010 3:09am Apr 21, 2010 3:09am
Quoting geoffb65
Hi Todd

I will have a look at this today, it will be a useful feature for all versions!

Many thanks to RR, you make it sound so easy!
Attached v2 files with hidden TP & SL for your approval.

I have also changed the MM settings as follows:
Low Risk - 1%
Med Risk - 3%
High Risk - 5%
VHigh Risk - User selected.

The risk is calculated per order such that hitting the stoploss would reduce your equity by x%.

Note: Because the EA creates 2 orders the risk factor is doubled!
Attached File(s)
File Type: ex4 Simple_H1_GBPUSD_EAv2.ex4   15 KB | 363 downloads
File Type: mq4 Simple_H1_GBPUSD_EAv2.mq4   16 KB | 508 downloads
  • #285
  • Apr 21, 2010 3:19am Apr 21, 2010 3:19am
HI Geoff,

apologies for the idiot proof question but here goes... lol

have used v3 this week on Alpari Uk demo and the trail stop doesnt appear to kick in on either the chart or the SL price in the terminal window. is it hidden from the broker in any way or should i see the price box and the Sl line (on the chart) move in sync??/

have redownloaded after the first time it did it but its still doing it....

again apologies for the idiotic question

cheers

Grant

ps. +20 1st part and +26 2nd part (manually inputed trail)
  • #286
  • Apr 21, 2010 3:37am Apr 21, 2010 3:37am
Quoting grant18265
HI Geoff,

apologies for the idiot proof question but here goes... lol

have used v3 this week on Alpari Uk demo and the trail stop doesnt appear to kick in on either the chart or the SL price in the terminal window. is it hidden from the broker in any way or should i see the price box and the Sl line (on the chart) move in sync??/

have redownloaded after the first time it did it but its still doing it....

again apologies for the idiotic question

cheers

Grant

ps. +20 1st part and +26 2nd part (manually inputed trail)
I never consider questions idiotic but my answers.... well?

The trailing stoploss is not hidden so, you are correct, it should show.

I assume you mean that you have set the 1st order TP to 20 and the second order TP to 26 but you did not say what you have set the trailing stoploss to.

I would normally set it to the same value as the first TP so that the 2nd order is totally protected and can be allowed to run.

In this case you can set the 2nd order TP to a very high value and let the trailing stop exit the 2nd order for you.

Does this make sense?
  • #287
  • Apr 21, 2010 3:54am Apr 21, 2010 3:54am
Quoting geoffb65
I never consider questions idiotic but my answers.... well?

The trailing stoploss is not hidden so, you are correct, it should show.

I assume you mean that you have set the 1st order TP to 20 and the second order TP to 26 but you did not say what you have set the trailing stoploss to.

I would normally set it to the same value as the first TP so that the 2nd order is totally protected and can be allowed to run.

In this case you can set the 2nd order TP to a very high value and let the trailing stop exit the 2nd order for...
HI geoff,

thanks for the quick response, i have attached a screen shot of my inputs to make it easier. they are basically the default ones.

this morning once i saw that the trail hadnt kicked in i placed a 20 pip trail manually which was evetually hit for +26..

cheers

Grant
Attached Image (click to enlarge)
Click to Enlarge Name: EA properties....gif Size: 18 KB
  • #288
  • Apr 21, 2010 4:08am Apr 21, 2010 4:08am
Quoting grant18265
HI geoff,

thanks for the quick response, i have attached a screen shot of my inputs to make it easier. they are basically the default ones.

this morning once i saw that the trail hadnt kicked in i placed a 20 pip trail manually which was evetually hit for +26..

cheers

Grant
In that case the trailing stoploss should have moved up to break-even as soon as the first order closed at +20 pips.

I have used my trailing stoploss routine on any number of EA's and have never known it not to work, so I'm afraid I am at a loss to explain it.

Please, I would appreciate your followup after the next trade if you don't mind!
  • #289
  • Apr 21, 2010 4:09am Apr 21, 2010 4:09am
Quoting geoffb65
In that case the trailing stoploss should have moved up to break-even as soon as the first order closed at +20 pips.

I have used my trailing stoploss routine on any number of EA's and have never known it not to work, so I'm afraid I am at a loss to explain it.

Please, I would appreciate your followup after the next trade if you don't mind!
no probs,

am in the UK so will be in the morning.

cheers

Grant
  • #290
  • Apr 21, 2010 4:13am Apr 21, 2010 4:13am
Quoting grant18265
no probs,

am in the UK so will be in the morning.

cheers

Grant
From the Forex point of view we are very lucky.

We get the end of the Asian session, all the London and NY session, all these chances to lose money, we really are fortunate!
  • #291
  • Apr 21, 2010 6:36am Apr 21, 2010 6:36am
Hi Geoff,

first i would like to thank you for sharing (what looks like) a profitable system.

i am using version 4 with the default settings but i don't seem to get as good results as your back test. maybe it has to do with offset and start time. can you give us your best setup?

right now i am running a optimization of the TSL from 15 to 30 pips. will post the results when i have them (using default times and 165 SL).

i hope that soon i can pay you back by giving the forum another EA so that we can optimize it. it's trix based on 4h and seems to have good results on EU, on a simpler aproach. will try a variant to 15m for smaller trades and parabolic SAR TSL for other paris. i had it coded by someone and am eagerly waiting for the EA so that i can confirm if my strategy is profitable or not.

hapipipin to u
dreams do come true.
  • #292
  • Apr 21, 2010 7:06am Apr 21, 2010 7:06am
Here are my results.

a couple of questions to those that have more experience than me with backtesting (probably everyone since i quite new to this):

my modeling quality is 40 to 50% usually. i know this is not good. how can i make it higher since i am already using every tick? (alpari demo account)

although i have chosen to test from 2008-01-01 to now my first trade is 29-11-2009. why?

thanks for the help. will keep working.
Attached Image (click to enlarge)
Click to Enlarge Name: Forex.jpg Size: 168 KB
dreams do come true.
  • #293
  • Apr 21, 2010 7:12am Apr 21, 2010 7:12am
Hi again Geoff,

i see that the best result with smaller drawdown is 19 pips.

that is, if i remember correctly the original value. that means you already did this and i am wasting my time?

was going to do the same for SL too. shouldn't i?
dreams do come true.
  • #294
  • Apr 21, 2010 7:12am Apr 21, 2010 7:12am
Quoting wannaberich
Hi Geoff,

first i would like to thank you for sharing (what looks like) a profitable system.

i am using version 4 with the default settings but i don't seem to get as good results as your back test. maybe it has to do with offset and start time. can you give us your best setup?

right now i am running a optimization of the TSL from 15 to 30 pips. will post the results when i have them (using default times and 165 SL).

i hope that soon i can pay you back by giving the forum another EA so that we can optimize it. it's trix based on 4h and seems...
Many thanks!

I use the default settings on v4 i.e. TP 60, SL 120, TSL 19.
It could well be the start time that is throwing the results off!

My GMT offset I leave at 0 and my start time is 1:00 which is actually Tokyo session start.

My broker is Alpari UK but I prefer to just set the start time to Tokyo, I can't get my head round the GMT offset! lol!

Look forward to seeing your EA, please let me know when it is ready!

My live results are on MT4Live, URL in my signature.
  • #295
  • Apr 21, 2010 7:21am Apr 21, 2010 7:21am
i am from Portugal so we have the same timezone...

maybe my problem is that i don't have trades before 26-11-2009 although my start time is at 01-01-2008...

ignorance is such a heavy burden...
dreams do come true.
  • #296
  • Apr 21, 2010 7:22am Apr 21, 2010 7:22am
Quoting wannaberich
Hi again Geoff,

i see that the best result with smaller drawdown is 19 pips.

that is, if i remember correctly the original value. that means you already did this and i am wasting my time?

was going to do the same for SL too. shouldn't i?
Yes, the settings I use are all derived from the MT4 optimiser so you don't need to do them again.

You can get up to 90% for your testing by downloading the historical data from Metaquotes and if you want 99% you can download more data from Dukascopy.

There is a post about how to get Dukascopy on this thread if you care to read through earlier posts.

To download from Metaquotes on your MT4 platform go to Tools, History Center and find GBPUSD and select M1 and click on Download.

If you are asked if you want it to recalculate all time frames, say yes.
  • #297
  • Apr 21, 2010 7:25am Apr 21, 2010 7:25am
thanks. (i remember reading that post where the poster stated that dukascopy results were not so good).

so, when do we go live with it? LOL
dreams do come true.
  • #298
  • Apr 21, 2010 7:43am Apr 21, 2010 7:43am
Quoting wannaberich
thanks. (i remember reading that post where the poster stated that dukascopy results were not so good).

so, when do we go live with it? LOL
A few people are already live with v3 and v4 probably using micro lots just to get a feel for it.

I don't consider it finished yet but it is already better than most of the commercial robots on sale through Clickbank.

I know this, because I have bought tons of them, silly me!
  • #299
  • Apr 21, 2010 8:11am Apr 21, 2010 8:11am
Hi Geoff,
Your EA is excellent and i used the following settings and found the two big loss making trades are the killer. Otherwise it made good profit.I did the testing from 01/03/10 to current.

I am also in the same boat as you are in terms of the EA i have purchased many and none of them returned good results.

I sther a way we can eliminate the loss. i brought down the SL to 50 and all other parameters are default

Bars in test 1895
Ticks modelled 1967290
Modelling quality 51.12%
Mismatched charts errors 0
Initial deposit 1000.00
Total net profit 601.90
Gross profit 801.90
Gross loss -200.00
Profit factor 4.01
Expected payoff 9.71
Absolute drawdown 138.20
Maximal drawdown 238.70 (13.90%)
Relative drawdown 19.00% (202.20)
Total trades 62
Short positions (won %) 30 (93.33%)
Long positions (won %) 32 (100.00%)
Profit trades (% of total) 60 (96.77%)
Loss trades (% of total) 2 (3.23%)
Largest
profit trade 50.00
loss trade -100.00
Average
profit trade 13.37
loss trade -100.00
Maximum
consecutive wins (profit in money) 52 (712.10)
consecutive losses (loss in money) 2 (-200.00)
Maximal
consecutive profit (count of wins) 712.10 (52)
consecutive loss (count of losses) -200.00 (2)
Average
consecutive wins 30
consecutive losses 2


Regards
Velli
  • #300
  • Apr 21, 2010 8:12am Apr 21, 2010 8:12am
Quoting geoffb65
Here is last nights v4 trade +29 pips..
Why did your EA v4 take a BUY when it was below the 16 SMA?
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