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Simple H1 GBPUSD EA

  • #661
  • Apr 27, 2010 1:30am Apr 27, 2010 1:30am
Quoting mary4x
In the red 88 pips 7:08 pm Pac Time.
I think your start time must be wrong.

Please show us an image of your chart or compare it with the chart that I have shown in my previous post.
  • #662
  • Apr 27, 2010 1:36am Apr 27, 2010 1:36am
Quoting geoffb65
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...
Thanks for clarifying that Geoff. So just to reconfirm, if we Set the Start time as 23 and set the correct GMT Offset (2 for Alpari), it should work fine correct?..
  • #663
  • Apr 27, 2010 1:44am Apr 27, 2010 1:44am
Quoting geoffb65
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...
It is perfectly clear
This is what I wanted to know, but kon5t told me to check the candle on my chart, so it caused long meaningless discussion. He says he helps me jtmoore says 'Call your broker'
  • #664
  • Apr 27, 2010 1:46am Apr 27, 2010 1:46am
Quoting reachjj
Thanks for clarifying that Geoff. So just to reconfirm, if we Set the Start time as 23 and set the correct GMT Offset (2 for Alpari), it should work fine correct?..
Correct, I think!
  • #665
  • Apr 27, 2010 1:53am Apr 27, 2010 1:53am
Quoting geoffb65
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...
May be we just need the starttime and remove GMT. It will take care of most of the problem here. I did some backtest and I found out that the GMT best set at 0 inorder to find when the correct starttime that you are using. I got the exact same trade as you did on fxdd with GMT=0 and Starttime=2. If you start messing with GMT, then the starttime also has to be something else and very confusing.
  • #666
  • Apr 27, 2010 1:53am Apr 27, 2010 1:53am
Hi Geoff,

Thankyou for this fantastic system and EA.

I has been awesome on my Demo account but I have not been able to get it place a trade on my LIVE account.

Would you know any reason for this.

I am with Go Markets Australia and they are +2 GMT.

I have all the serttings same as mt demo and yet still no trades.

HELP


And thanks in advance.
  • #667
  • Apr 27, 2010 2:01am Apr 27, 2010 2:01am
Quoting 5msport
Hi Geoff,

Thankyou for this fantastic system and EA.

I has been awesome on my Demo account but I have not been able to get it place a trade on my LIVE account.

Would you know any reason for this.

I am with Go Markets Australia and they are +2 GMT.

I have all the serttings same as mt demo and yet still no trades.

HELP


And thanks in advance.
Looks to me the code is not ENC/STP compatible. But there may be a work around by using Hide_Target=TRUE which might get the trades to goes through. I will give it a try.
  • #668
  • Apr 27, 2010 2:02am Apr 27, 2010 2:02am
Quoting brc021
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....
I am not sure if the EA will work on ECN or not, I have not tested it so I decided to say that it won't work rather than have people lose money!

I can open an ECN demo account with Alpari to test it but I haven't had the time to do it yet.

Your idea to increase the lot size the next day after a loss is very good, I will add your "aggressive" option to the next issue.
  • #669
  • Apr 27, 2010 2:11am Apr 27, 2010 2:11am
Many thanks to Geoff for sharing the EA. The backtest results for 12mths ago were excellent but i wonder if it was highly optimised for the specific period of time. I tried with data with years ago and ended up with losses.
  • #670
  • Apr 27, 2010 2:11am Apr 27, 2010 2:11am
Quoting geoffb65
I am not sure if the EA will work on ECN or not, I have not tested it so I decided to say that it won't work rather than have people lose money!

I can open an ECN demo account with Alpari to test it but I haven't had the time to do it yet.

Your idea to increase the lot size the next day after a loss is very good, I will add your "aggressive" option to the next issue.
Hi geoff,

I did some backtest and looked at the stats on this EA and must admit that this EA is a profitable EA with a nice strategy which is a rare find this days. Thanks for sharing.
  • #671
  • Apr 27, 2010 2:15am Apr 27, 2010 2:15am
Quoting BullRun
Looks to me the code is not ENC/STP compatible. But there may be a work around by using Hide_Target=TRUE which might get the trades to goes through. I will give it a try.
Way to go!

Rules are there to be broken, good luck!

P.S.
Pardon my ignorance, what are the requirements for ENC/STP accounts?
  • #672
  • Apr 27, 2010 2:20am Apr 27, 2010 2:20am
Hi,

This is all very strange, im on Alpari UK, so have GMT Offset set to 2 and start time at 0, everything else is default.

At 2am this morning it opened two BUY orders which are actually still open , see screenshot, lucky its a demo account!

Anybody else have the same orders?

Mark
Attached Image (click to enlarge)
Click to Enlarge Name: alpariuk.gif Size: 20 KB
  • #673
  • Apr 27, 2010 2:29am Apr 27, 2010 2:29am
Quoting Haishang
I got 2 shorts at exactly 25 minutes after Tokyo open using Alpari UK demo...and to be honest, while being happy that GBPUSD is lower now, I do not really understand why it sold either......
The EA looks first at the slope of the 10 SMA between the two previous candles, last night this was a down slope, although it was more by luck than management!

Once the slope is established the EA waits for slope confirmation using an M15 fractal, then it waits for an entry point using a verified M5 fractal.

You have to wait 3 bars for fractals to avoid repainting, this is why we look to the lower time scales for them.

When all 3 conditions are reached it places the trade.
  • #674
  • Apr 27, 2010 2:37am Apr 27, 2010 2:37am
Quoting ewinner
Hi,

This is all very strange, im on Alpari UK, so have GMT Offset set to 2 and start time at 0, everything else is default.

At 2am this morning it opened two BUY orders which are actually still open , see screenshot, lucky its a demo account!

Anybody else have the same orders?

Mark
I think, you need to set the Start time to 23 and GMT Offset to 2 to have the correct working of this EA.

Close the existing order, change the setting and wait for tomorrow....:-)
  • #675
  • Apr 27, 2010 2:51am Apr 27, 2010 2:51am
Quoting reachjj
I think, you need to set the Start time to 23 and GMT Offset to 2 to have the correct working of this EA.

Close the existing order, change the setting and wait for tomorrow....:-)
Thank you for answering this query!

Last night was a difficult call, one hour either side of my start candle would have created a buy order instead of the sell, which may still work if it doesn't hit the SL but it would be a "dangerous" trade.

I don't like relying on "luck" so I may need to take another look at the entry conditions.
  • #676
  • Apr 27, 2010 2:55am Apr 27, 2010 2:55am
use this. but Start_Time=1 is no longer needed....

Quoting Taiyakixz
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?
  • #677
  • Apr 27, 2010 2:57am Apr 27, 2010 2:57am
Quoting geoffb65
Here is my chart showing last nights trades, you can see which candle I use as my start time.
Hi Geoff

I have two question Edit:I can see that You already answered them, thanks for this promising EA and all Your work

When I read the rules on the first page I think the EA is supposed to place the trade at Start time (GMT 23.00)? It does not. Mine took its trade GMT 23.35
What is the condition for the EA to place a trade?

When EA placed its trade price (1.5479) whas over SMA10. I think it price whas over SMA10 on the picture from Your post 660. EA placed a sell. If price is over SMA wouldnt it buy?
  • #678
  • Apr 27, 2010 2:58am Apr 27, 2010 2:58am
Quoting geoffb65
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...
er... so what gmt offset and startime to set for a gmt + 2 broker again?
Tried the EA and got only 1 buy order that is -90+ pips , with gmt offset +2 and startime = 0 as advised earlier on
  • #679
  • Apr 27, 2010 2:58am Apr 27, 2010 2:58am
Quoting Caeruleum
Many thanks to Geoff for sharing the EA. The backtest results for 12mths ago were excellent but i wonder if it was highly optimised for the specific period of time. I tried with data with years ago and ended up with losses.
It is optimised for the past 12 months but how far back should we go?

I am not sure how valid long term back testing is anyway, the market changes so rapidly!

What we need is a "crystal ball" forward tester, that would solve everything!
  • #680
  • Apr 27, 2010 3:04am Apr 27, 2010 3:04am
Quoting Elovv
Hi Geoff

I have two question Edit:I can see that You already answered them, thanks for this promising EA and all Your work

When I read the rules on the first page I think the EA is supposed to place the trade at Start time (GMT 23.00)? It does not. Mine took its trade GMT 23.35
What is the condition for the EA to place a trade?

When EA placed its trade price (1.5479) whas over SMA10. I think it price whas over SMA10 on the picture from Your post 660. EA placed a sell. If price is over SMA wouldnt it buy?
Yes, my post #673 explains the current entry conditions.

I changed the rules after v1 regarding the price and SMA to measuring the slope of the SMA between the previous 2 candles as it produced fewer losses.
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