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Simple H1 GBPUSD EA

  • #301
  • Apr 21, 2010 8:37am Apr 21, 2010 8:37am
Quoting cuddlebum
Why did your EA v4 take a BUY when it was below the 16 SMA?
On v4 we look at the slope of the 16SMA.

In the first version we looked for the price to be above or below the SMA but we got more losses with that method.
  • #302
  • Apr 21, 2010 8:40am Apr 21, 2010 8:40am
Quoting geoffb65
On v4 we look at the slope of the 16SMA.

In the first version we looked for the price to be above or below the SMA but we got more losses with that method.
Do you look for the slope in version 2 and 3? Or just version 4?
  • #303
  • Apr 21, 2010 8:41am Apr 21, 2010 8:41am
Quoting kvellimalai
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...
Yes, the EA has performed quite well in the last 3 to 4 months but over a full year or more the jury is still out!

It definitely needs more work and I have been trying various indicators with no luck so far, in fact, indicators seem to make it worse!

Gotta just keep trying because the underlying strategy is promising!
  • #304
  • Apr 21, 2010 8:42am Apr 21, 2010 8:42am
Quoting cuddlebum
Do you look for the slope in version 2 and 3? Or just version 4?
We look for the slope in v2, v3 and v4.
  • #305
  • Apr 21, 2010 9:00am Apr 21, 2010 9:00am
Geoff

I had thought of the hedging option as well. An alternative would be to have a function which closed loosing trades after XX mins. I am testing both V3, V4 and Steves Multi pair. So far no losses with either V3 or V4. The multi pair has obviously made more trades and whilst it may be the pairs I am trading it at least gives me more trades to follow. I am sitting on two trades from 36 hours ago which have just been getting bigger and bigger. I have noticed so far that the V3 and V4 trades that have been successful have closed by the time I get up the following morning. I know that Steve has built this into his 5 min momo EA (from the BS thread). Perhaps we could set the time at something like 500 mins rather than let a bad trade drift down to SL. This would help to reduce the losses which appear to be the problem in your backtesting.

Paul
  • #306
  • Apr 21, 2010 9:08am Apr 21, 2010 9:08am
Quoting paulbt38
Geoff

I had thought of the hedging option as well....
It's definitely worth checking out, the longer a trade is open for the more dangerous it becomes.

Hedging, so far, appears to make matters worse, I can't find the optimum way to do it without actually increasing the drawdown.
  • #307
  • Apr 21, 2010 9:27am Apr 21, 2010 9:27am
I was considering taking on a Hedge at -50 pips... so far in theory seems to work...

For example.. if going SHORT.. then once at -50 I would open a opposite trade to hedge the loss.. my SL on hedge 50 pips, which happens to be also price of entry from original trade as for my TP it would be my SL on the original trade. So this way.. if trade goes against you all you loose is 50 pips per position. As soon as the hedge would be in profit (reasonable amount).. I would move SL on hedge to 0..


Am I way off?? or maybe it is better to reduce SL?
  • #308
  • Apr 21, 2010 9:50am Apr 21, 2010 9:50am
Quoting tommycz
I was considering taking on a Hedge at -50 pips......
I have looked at hedging when half way towards the 1st stoploss with double the lot size and half the TP and SL.

This way if we carry on to the original stoploss both orders will close and we will have broken even, if the price reverses the hedge will close at a loss and the original order takes over.

Mmmm, its getting too complex, maybe I should hedge the hedge!

Or maybe I should go out in the sun and cut the hedge!
  • #309
  • Apr 21, 2010 9:59am Apr 21, 2010 9:59am
Hey geoffb65,

Thx again for coding v2 for hidden sl/tp. Except there must be some type of bug. If I use MM true and manual lot size false, I can a message on my chart informing me that "Your lot size is too small".
Any ideas?

thx,
todd

Quoting geoffb65
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!
  • #310
  • Apr 21, 2010 10:31am Apr 21, 2010 10:31am
Quoting todd960960
Hey geoffb65,

Thx again for coding v2 for hidden sl/tp. Except there must be some type of bug. If I use MM true and manual lot size false, I can a message on my chart informing me that "Your lot size is too small".
Any ideas?

thx,
todd
If you set MM true then you must select Low, Medium or High risk as well.

If the MM then calculates a lot value that is too small to place then you will get this message.
  • #311
  • Apr 21, 2010 2:47pm Apr 21, 2010 2:47pm
Ok thx, I'll give it a try. I know on the original v2 I didn't have to choose low med or high risk and it worked fine just by choosing my risk percentage such as a 1 or 2.

thx,
todd

Quoting geoffb65
If you set MM true then you must select Low, Medium or High risk as well.

If the MM then calculates a lot value that is too small to place then you will get this message.
  • #312
  • Apr 21, 2010 6:17pm Apr 21, 2010 6:17pm
Just wondering if anyone got entered ?? I am using V3 and yesterday I was entered right away at the start of 1 AM candle..

Anybody triggered buy or sell?? Or do I wait and a order will come later?

I choose Use Money Management to TRUE and choose Low_Risk to TRUE.. all else is FALSE..
  • #313
  • Apr 22, 2010 1:43am Apr 22, 2010 1:43am
Last nights trade only made 14 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: simplegbpusdv4.gif Size: 29 KB
  • #314
  • Apr 22, 2010 1:54am Apr 22, 2010 1:54am
I didn't get a trade last night on v3 or v4.
  • #315
  • Apr 22, 2010 2:14am Apr 22, 2010 2:14am
Quoting sanyhuis
I didn't get a trade last night on v3 or v4.
My v3 did not trade but v4 did...

It must have been a close call either way!
  • #316
  • Apr 22, 2010 2:23am Apr 22, 2010 2:23am
v3 opened a sell, which I closed manually with a small loss. Weird.
  • #317
  • Apr 22, 2010 2:53am Apr 22, 2010 2:53am
Quoting Emanuele
v3 opened a sell, which I closed manually with a small loss. Weird.
I think the candles were very small in the hour before Tokyo open and, although the SMA showed an uptrend, the M15 fractals did not give a positive confirmation of this.

My testing is done on an Alpari Demo account which uses ECN data and is quite a bit different from their live accounts.

So I guess we can get different trades through different brokers.
  • #318
  • Apr 22, 2010 3:28am Apr 22, 2010 3:28am
Quoting geoffb65
I think the candles were very small in the hour before Tokyo open and, although the SMA showed an uptrend, the M15 fractals did not give a positive confirmation of this.

My testing is done on an Alpari Demo account which uses ECN data and is quite a bit different from their live accounts.

So I guess we can get different trades through different brokers.

MOrning Geoff.

thanks for the explanation as my v3 never traded last night either whihclooking at the PA is a shame..

So it never tested the 2nd part trailing stop either so will report back tomorrow if it trades and tarils correctly

cheers

Grant
  • #319
  • Apr 22, 2010 3:31am Apr 22, 2010 3:31am
Quoting grant18265
MOrning Geoff.

thanks for the explanation as my v3 never traded last night either whihclooking at the PA is a shame..

So it never tested the 2nd part trailing stop either so will report back tomorrow if it trades and tarils correctly

cheers

Grant
Just goes to show how a manual trader would have done so much better than the EA, there's no substitute for the Mk1 eyeball!
  • #320
  • Apr 22, 2010 3:52am Apr 22, 2010 3:52am
I've got 3 & 4 running. Two nights in a row v3 picked up two trade but nothing last night.
v4 has yet to trade.
He's smiling but not trading.
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