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Simple H1 GBPUSD EA

  • #341
  • Apr 22, 2010 7:27am Apr 22, 2010 7:27am
Quoting sanyhuis
It looks great. In 3 days v4 never took a trade. V3 took them all, maybe that's the reason. I'm looking forward to v5.
I'm hung up in the same P/D trade you are. I'm still waiting for 13H reversal.
If the Americans let us down today I will be furious!
  • #342
  • Apr 22, 2010 7:30am Apr 22, 2010 7:30am
Quoting sirwolf
Is the SMA a parameter? I see an Fast EMA parameter. The only paramter I am chagning is the time. Everything else I am leaving as the defaault. Do I need to change the SMA somehow?
It is shown in the setting table as Fast_EMA, in v5 this should be set to 10 if it is not already.

I was going to use an EMA originally but found it better with SMA.
  • #343
  • Apr 22, 2010 7:50am Apr 22, 2010 7:50am
Quoting geoffb65
It is shown in the setting table as Fast_EMA, in v5 this should be set to 10 if it is not already.

I was going to use an EMA originally but found it better with SMA.
OK, thanks Geoff. Just switched to Ver 5

Have a great day!

SirWolf
Believe and Achieve!
  • #344
  • Apr 22, 2010 8:06am Apr 22, 2010 8:06am
Hi Geoff,
thanks for the version 5 and it really work. i did different setting and did back testing starting from 01/03/10 to today. The results were very good but i ma still getting the a big loosing trade.

Can we not set this time independent? means can the EA not work all the time and start the trades?

Also i am Australia and my broker is axisodl. Which time frame should i have to do it. I did with default 1.
  • #345
  • Apr 22, 2010 8:50am Apr 22, 2010 8:50am
Thank U For New Ver (5)
  • #346
  • Apr 22, 2010 8:53am Apr 22, 2010 8:53am
Quoting kvellimalai
Hi Geoff,
thanks for the version 5 and it really work. i did different setting and did back testing starting from 01/03/10 to today. The results were very good but i ma still getting the a big loosing trade.

Can we not set this time independent? means can the EA not work all the time and start the trades?

Also i am Australia and my broker is axisodl. Which time frame should i have to do it. I did with default 1.
If your broker is in Australia I don't think your start time should be 1.

What you need to do is find out what time the Tokyo session starts in your brokers time zone.

If they say it starts at 13:00 broker time then set GMT offset to 0 and start time to 13.

If you get the wrong start time you will get completely different results.

Hope this helps!
  • #347
  • Apr 22, 2010 8:55am Apr 22, 2010 8:55am
Quoting Mohsen_msi
Thank U For New Ver (5)
You are welcome!
  • #348
  • Apr 22, 2010 9:49am Apr 22, 2010 9:49am
Here are some results that I came up with. Using Version 5 and set to settings of Geoff's... "TP 22, SL 140, TSL 22, start time 1:00 (Alpari time) start of Tokyo session.
and 10 SMA gives better results than 9 SMA!"

Tests are
All of 2009
2010 (Jan to present)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: V5 sl_140.jpg Size: 95 KB
Click to Enlarge Name: V5 sl_140 LAST YEAR.jpg Size: 94 KB
  • #349
  • Apr 22, 2010 9:51am Apr 22, 2010 9:51am
I also did a back test of changing the SL back to 165..

Based on 10,000 account size and risking 0.1 per position.

Seems that using140 SL last year in 2009 there were 15 losing days, and using SL of 165 it was reduced to 12.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: V5 sl_165.jpg Size: 92 KB
Click to Enlarge Name: V5 sl_165 LAST YEAR.jpg Size: 97 KB
  • #350
  • Apr 22, 2010 10:07am Apr 22, 2010 10:07am
I wounder if anyone could help me.why mine, setup not working.

I have starded by installing the v2 version which worked,the first time.
but since i changed it to any other version including v5,it just won't work.

I am in london with alpari uk,and using the default settings.

Any help would be appreciated.
  • #351
  • Apr 22, 2010 10:23am Apr 22, 2010 10:23am
Quoting wannaberich
i intend to buy a big HD to store the data but i have one question to the local MT4 experts: if i have all the data ready to process on an external harddrive can MT4 use that harddrive to bactest the EAs? because i can't have a bigger hd on my pc.

will i have to install MT4 on the external HardDrive to do it?
You need to place data in your MT4/tester/history folder, so it must be on the same HDD. Also, make sure that you mark every generated FXT file as read-only, otherwise MT4 will remove it if you forget to use the loader...
  • #352
  • Apr 22, 2010 10:32am Apr 22, 2010 10:32am
Quoting Monty13
I wounder if anyone could help me.why mine, setup not working.

I have starded by installing the v2 version which worked,the first time.
but since i changed it to any other version including v5,it just won't work.

I am in london with alpari uk,and using the default settings.

Any help would be appreciated.
Can you run it on the tester and see if there are any error messages in the journal?

One thing to note in v5, at the bottom of the settings you can select Mini or Micro accounts, make sure the correct one of these is set to true.
  • #353
  • Apr 22, 2010 10:42am Apr 22, 2010 10:42am
Quoting tommycz
I also did a back test of changing the SL back to 165..

Based on 10,000 account size and risking 0.1 per position.

Seems that using140 SL last year in 2009 there were 15 losing days, and using SL of 165 it was reduced to 12.
Many thanks for doing the independent tests, what do you think of the results?

Would you normally trade $1 a pip on a $10,000 account or is this just a random value?
  • #354
  • Apr 22, 2010 11:09am Apr 22, 2010 11:09am
Quoting geoffb65
Many thanks for doing the independent tests, what do you think of the results?

Would you normally trade $1 a pip on a $10,000 account or is this just a random value?

Well.,. I am just using $1 a pips based on 10,000 $ to see overall picture.. Not sure if this is a good way to judge a system... might be better to trade according to % size..

Speaking of that?> What are the % setting for LOW, MED, HIGH anbd VHigh??

Thanks!
  • #355
  • Apr 22, 2010 11:18am Apr 22, 2010 11:18am
Quoting tommycz
Well.,. I am just using $1 a pips based on 10,000 $ to see overall picture.. Not sure if this is a good way to judge a system... might be better to trade according to % size..

Speaking of that?> What are the % setting for LOW, MED, HIGH anbd VHigh??

Thanks!
Yes, sorry I should have told you this before!

Low Risk = 3%

Med Risk = 5%

High Risk = 10%

VHigh Risk = default 15% or value set by user in the table.

The risk is calculated per trade based on the stoploss value, wherebye if the price hits the stoploss you lose x% of your equity.

Because v5 produces 2 order the risk per trade is doubled.

Of course, I'm open to suggestions on these values.
  • #356
  • Apr 22, 2010 11:51am Apr 22, 2010 11:51am
Quoting geoffb65
Yes, sorry I should have told you this before!

Low Risk = 3%

Med Risk = 5%

High Risk = 10%

VHigh Risk = default 15% or value set by user in the table.

The risk is calculated per trade based on the stoploss value, wherebye if the price hits the stoploss you lose x% of your equity.

Because v5 produces 2 order the risk per trade is doubled.

Of course, I'm open to suggestions on these values.
Now it all makes sense !!
I saw on your MT4 site your progress and I am just wondering you have a BUY that opened 0.10 .. but then previous day you had a sell that opened 0.29 ... why the difference in position size?
Why
Attached Image (click to enlarge)
Click to Enlarge Name: mt4 live.jpg Size: 152 KB
  • #357
  • Apr 22, 2010 11:57am Apr 22, 2010 11:57am
Quoting tommycz
Now it all makes sense !!
I saw on your MT4 site your progress and I am just wondering you have a BUY that opened 0.10 .. but then previous day you had a sell that opened 0.29 ... why the difference in position size?
Why
Only the last 2 entries on the MT4Live listing are v4 trades at 0.1 lots, the others were left over from a different EA using MM.

I am using a micro account on a vps for testing new EA's but I forgot that results from previous tests would show up once I sent the data to MT4Live!
  • #358
  • Apr 22, 2010 12:39pm Apr 22, 2010 12:39pm
Geoff,
Do you think it's wise to use MM on v5?
  • #359
  • Apr 22, 2010 12:40pm Apr 22, 2010 12:40pm
.......and what do you think of changing the start time to let it run throughout the day?
  • #360
  • Apr 22, 2010 12:59pm Apr 22, 2010 12:59pm
Quoting sanyhuis
.......and what do you think of changing the start time to let it run throughout the day?
I don't see any problem using MM with v5 and I will be running some tests to see how it performs.

Now it is optimised for the Tokyo start time it is doubtful if it would work at other times of the day but, you never know!

I would never rule anything out!
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