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Simple H1 GBPUSD EA

  • #641
  • Apr 26, 2010 8:40pm Apr 26, 2010 8:40pm
72 pips in the red at 6:40 p.m. Pacific time.
  • #642
  • Apr 26, 2010 8:45pm Apr 26, 2010 8:45pm
Quoting mary4x
72 pips in the red at 6:40 p.m. Pacific time.
what pair is that on? cable should be about 35odd pips up.
  • #643
  • Apr 26, 2010 8:54pm Apr 26, 2010 8:54pm
Cable. FXDD.
  • #644
  • Apr 26, 2010 8:59pm Apr 26, 2010 8:59pm
Quoting kon5t
yep definately am. gone through all the settings over and over, cannot find a fault. ill set it up again and see what happens tomorrow
I had yesterday eve Shanghai time issue that strategy tester took hours to do simple backtest...I thought something is wrong and changed a heck of loads of things. This morning the unchanged set up worked properly and fine. Besides having bothered Geoff senseless...... what's your feeling re the reliability of apari uk MTN? Reading through your message makes me feel pretty uneasy re this topic
  • #645
  • Apr 26, 2010 9:04pm Apr 26, 2010 9:04pm
Quoting Haishang
I had yesterday eve Shanghai time issue that strategy tester took hours to do simple backtest...I thought something is wrong and changed a heck of loads of things. This morning the unchanged set up worked properly and fine. Besides having bothered Geoff senseless...... what's your feeling re the reliability of apari uk MTN? Reading through your message makes me feel pretty uneasy re this topic
I am not really a fan of alpari, but not related to your question.

I have also been unable to get backtesting to work properly, my backtest make 5000pips within the first 10 or so days, so something is obviously amiss.

over the next few days i will play with it more, and check with a few other brokers, ill post results.
  • #646
  • Apr 26, 2010 9:09pm Apr 26, 2010 9:09pm
In the red 88 pips 7:08 pm Pac Time.
  • #647
  • Apr 26, 2010 9:35pm Apr 26, 2010 9:35pm
This was my first demo trade using this EA. Both orders get filled, the first one +22 and the second one +49. Fantastic! Thanks a lot geoff.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 34 KB
  • #648
  • Apr 26, 2010 9:42pm Apr 26, 2010 9:42pm
Ok i have found why my trades are not closing when they hit tp, i am testing both v4 and v5.

the v5 trades were opened first and second and have a tp of 22.

the v4 trade was opened third and has a tp1 of 60,

my demo broker is a US broker, so FIFO rules apply...

Obvious really, but if anyone else has this issue, i hope this post helps
  • #649
  • Edited 9:59pm Apr 26, 2010 9:46pm | Edited 9:59pm
trade_hour = Start_Time+GMToffset
trade_hour is set to 23:00 GMT.
so the settings are

GMToffset = the broker's timezone-2
(ie your broker is GMT-4, GMToffset is -6)
Start_Time = 1

or

GMToffset = the broker's timezone
Start_Time = 23

is this right?
  • #650
  • Apr 26, 2010 9:50pm Apr 26, 2010 9:50pm
pls explain how to use it cos i dont seem to understand any of the disscusion.

pls paste the full explanation again.
thanks.
  • #651
  • Apr 26, 2010 10:14pm Apr 26, 2010 10:14pm
Quoting fguru
This was my first demo trade using this EA. Both orders get filled, the first one +22 and the second one +49. Fantastic! Thanks a lot geoff.
i got almost the same - second order did not reach the second tp and finally closed by trailing stop at 260 pips
  • #652
  • Apr 26, 2010 10:34pm Apr 26, 2010 10:34pm
Quoting fguru
This was my first demo trade using this EA. Both orders get filled, the first one +22 and the second one +49. Fantastic! Thanks a lot geoff.

What version EA are you using ?
  • #653
  • Apr 26, 2010 10:38pm Apr 26, 2010 10:38pm
I am using the latest version v5a.
  • #654
  • Apr 26, 2010 10:42pm Apr 26, 2010 10:42pm
Quoting geoffb65
One thing to consider, the spread on Saturday and Sunday this week on Alpari GBPUSD is 7, the spread during market hours is 2 or less!

You say that you found the thread today so I assume you did the testing today, in which case this would explain the difference.

Strangely enough, I did the same test yesterday because I wanted to see if the EA would still show any profit at all with the bigger spread.

When I have done this with other "profitable" EA's they have fallen down horribly, so I was very pleased to see that even with the big spread...
Hi Geoff,
yes you were spot on with your assumption indeed. I reran the backtest with 1.7 pips spread today, and was able to almost get same 1 year result as you, with USD 4850 profit, PF 2.9 and 94 % winners, which would be excellent if could achieve on real account.
Only remaining difference now was I had 2 losses on 11th March, which had been winners on your test. You had a 0.6 pips better entry on those , not sure if that was the reason for the difference but even when doing the backtest with 1.3 pips spread (lowest I can get on Alpari right now), those 2 losses remain for me, but never mind.

I have 2 small requests for the next update of the EA :

1.) Would it be possible to make it work on ECN brokers ?

2.) One suggestion for aggresive money management:
In last 12 months backtest the EA never had 2 loosing days in a row.
It means the likelyhood that after a loosing day, the following day
would be a winning day, is extremely high.
So, in order to recover the losses of loosing days faster, and to bring
the EA "back on track", one could increase the lot size for the
following day of a lossing day by 7 times (and get back to original lot
size after thereafter)

For example, if trading 0.1 lots normally, one would increase lot size to 0.7 lots for 1 day, after loosing day and then get back to 0.1 lots on the next day.

In this way, the losses would be recovered in 1 day (assuming the 2nd order was triggered on both days) instead of needed to wait for 7 days.

Of course this includes some increased risks, but again acc. to the statistics, so far the EA did not have 2 loosing days in a row, so in my view,
it might be a good option to include in the properties , eg. "aggresive money management on / off") so users could decide themselves whether to go for that option or not.


B/R Michael
  • #655
  • Apr 26, 2010 10:50pm Apr 26, 2010 10:50pm
Quoting mary4x
Cable. FXDD.
For fxdd, I would use GMT=0 and StartTime=2. The way I found out is to open Alpari to confirm fxdd to check if I am correct.
  • #656
  • Apr 26, 2010 10:50pm Apr 26, 2010 10:50pm
On my first Alpari demo account trade yesterday I got following error:
"Buy OrderSend 1 failed with error #128 "

I missed the first order of that day due to this error

I am using the EA on a VPS of CNS so I do not think it was an internet connection issue.

The 2nd trade of the day was executed on my account without problems,though, and also the 2 trades today worked fine.

Does anyone have an idea what this error is about and eventually what could be done to avoid it ?

Would it be possible to program the EA to resend the open/close order requests, in case of getting such errors ?

B/R Michael
  • #657
  • Apr 26, 2010 11:51pm Apr 26, 2010 11:51pm
MY GOD people. Why don't u all just make it simple..

As with many other threads the OP should state the broker he uses. From then on all charts graphs figures indis ea blah blah blah would b used on that 1 and only broker so there wouldn't b all this confusion.

Then once u understand all the ends and outs and want to go live- Call Your broker, ask what their offset is and guess what - YOUVE DONE IT!!! Way to go
  • #658
  • Apr 27, 2010 1:15am Apr 27, 2010 1:15am
Quoting jtmoore007
MY GOD people. Why don't u all just make it simple..

As with many other threads the OP should state the broker he uses. From then on all charts graphs figures indis ea blah blah blah would b used on that 1 and only broker so there wouldn't b all this confusion.

Then once u understand all the ends and outs and want to go live- Call Your broker, ask what their offset is and guess what - YOUVE DONE IT!!! Way to go
Of course we can know the broker's timezone easily.
But in regard to this EA, Geoff uses different GMToffset setting,
so we are confused and disscuss about it.
  • #659
  • Apr 27, 2010 1:21am Apr 27, 2010 1:21am
Before I comment on any of the previous posts I have a confession to make and I have to apologise to many members of this thread.

I made a stupid error, an assumption that resulted in much of the confusion regarding the GMT offset and start time settings.

I assumed that Alpari time was GMT +1, I don't know where I got this idea from but it started right at the begining of the thread and has messed up my thinking all the way through.

So all olong I have been saying that my start time is the Tokyo opening time when in fact my start time is 1 hour before Tokyo open, far from helping everyone, it turns out that I am the one that has caused much of the confusion!

As a number of people have pointed out, Alpari are GMT +2 and my start time is not 0:00 as I thought but 23:00, one hour before Yokyo open.

That is not to say that the EA will not work but the various settings have been optimised using the 23:00 start time.

Everyone involved, please accept my apology!

Geoff
  • #660
  • Apr 27, 2010 1:26am Apr 27, 2010 1:26am
Here is my chart showing last nights trades, you can see which candle I use as my start time.
Attached Image (click to enlarge)
Click to Enlarge Name: simple1hgbpusdv5a.gif Size: 31 KB
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