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Simple H1 GBPUSD EA

  • #701
  • Apr 27, 2010 7:39am Apr 27, 2010 7:39am
Iam using it on Alpari live for the last week it has produced winning trade's....set at 0.01 lots...only GBPUSD...1 hour Tf..

It opens the trade's in the first hour or so of the Tokoyo session and with in a few hours has completed the trades...

My Tp's are 22 and 35 pips everything else default....

I do not run it again untill the next day....as I said its working well.
  • #702
  • Apr 27, 2010 7:46am Apr 27, 2010 7:46am
Hi Elovv,
Thanks for the details. It works very well on the strategy tester. but not working with the same setting for the demo.

Velli
  • #703
  • Apr 27, 2010 7:51am Apr 27, 2010 7:51am
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...

That is almost correct, but not entirely.

Alpari varies it's start time, with the change in US Daylight Saving Time.

During the Winter, it's candle time is GMT+2.
During Summer it is GMT+1
It appears to want it's 0 hour to coincide with swaps time, which is 4PM New York time.

If it were me, I would download an IBFX demo to backtest the EA.
IBFX maintains a constant GMT 0 time.

If you tested 12 months on Alpari, assuming GMT+2, half the time it was Tokyo open, half the time it was one hour before Tokyo open.
  • #704
  • Apr 27, 2010 8:36am Apr 27, 2010 8:36am
Ok.

Looks like there are many posts about GMT and start trading time.

I thought i set it correctly but my live account was hit with a buy today. After going through the thread i realised that i may be the only one having a buy trade. Please check if i got the correct settings:

Broker: MIG Bank
Broker's Time: GMT+1

So, my settings should be:

GMT Offset: 1
Start Time: 1

Please advise. Thanks.


P.S. Also, i think the confusion is due to setting two variables. May i suggest to have a version whereby you just input your broker's time and the Start Time is auto adjusted.
福 子 Victor V
  • #705
  • Apr 27, 2010 8:47am Apr 27, 2010 8:47am
Quoting billbss
That is almost correct, but not entirely.

Alpari varies it's start time, with the change in US Daylight Saving Time.

During the Winter, it's candle time is GMT+2.
During Summer it is GMT+1
It appears to want it's 0 hour to coincide with swaps time, which is 4PM New York time.

If it were me, I would download an IBFX demo to backtest the EA.
IBFX maintains a constant GMT 0 time.

If you tested 12 months on Alpari, assuming GMT+2, half the time it was Tokyo open, half the time it was one hour before Tokyo open.
If I remember correct IBFX has only winners last 12 month. Not a single looser. Maybee its because it always start the same time on backtest.

Elovv
  • #706
  • Apr 27, 2010 8:56am Apr 27, 2010 8:56am
Quoting billbss
That is almost correct, but not entirely.

Alpari varies it's start time, with the change in US Daylight Saving Time.

During the Winter, it's candle time is GMT+2.
During Summer it is GMT+1
It appears to want it's 0 hour to coincide with swaps time, which is 4PM New York time.

If it were me, I would download an IBFX demo to backtest the EA.
IBFX maintains a constant GMT 0 time.

If you tested 12 months on Alpari, assuming GMT+2, half the time it was Tokyo open, half the time it was one hour before Tokyo open.
That is very interesting, is IBFX American or British?
  • #707
  • Apr 27, 2010 8:57am Apr 27, 2010 8:57am
Quoting geoffb65
That is very interesting, is IBFX American or British?
American.
They may have added a British chapter to beat the no-hedge rule, but they are headquartered in the US.
  • #708
  • Apr 27, 2010 9:05am Apr 27, 2010 9:05am
Quoting billbss
American.
They may have added a British chapter to beat the no-hedge rule, but they are headquartered in the US.
yes, they just opened an office in Australia and the next one will be in UK.
  • #709
  • Apr 27, 2010 9:05am Apr 27, 2010 9:05am
Forex.com also uses GMT 0 like ibfx and they don't change time in the winter nor summer. They are better broker to do backtest.
  • #710
  • Apr 27, 2010 9:20am Apr 27, 2010 9:20am
I just checked.

Alpari changes it's time to match Moscow time.
0 hour on an Alpari chart is Midnight Moscow.

That means it jumps back and forth between GMT+1 and GMT+2 when Moscow changes it's clocks, which is the same time Europe changes it's clocks.

Whenever they do it, you don't want to use it for a time dependent backtest, such as this one is.

You want one with a constant year round time, such as IBFX or the other one the gentleman mentioned.
  • #711
  • Apr 27, 2010 9:22am Apr 27, 2010 9:22am
Quoting billbss
I just checked.

Alpari changes it's time to match Moscow time.
0 hour on an Alpari chart is Midnight Moscow.

That means it jumps back and forth between GMT+1 and GMT+2 when Moscow changes it's clocks, which is the same time Europe changes it's clocks.

Whenever they do it, you don't want to use it for a time dependent backtest, such as this one is.

You want one with a constant year round time, such as IBFX or the other one the gentleman mentioned.
I agree, this explains a lot, many thanks for the info!
  • #712
  • Apr 27, 2010 9:34am Apr 27, 2010 9:34am
Quoting geoffb65
I agree, this explains a lot, many thanks for the info!
Here's some additional info, so you'll have the whole scoop for your testing.

Tokyo does not go on DST.

The Tokyo session opens at 0:00 GMT, the year round.
That is 9AM Tokyo time.
It is always 0:00 GMT and never changes.

9AM Tokyo time is when the Tokyo stock market opens.

There is some controversy if that is also when the Tokyo banks start trading currencies. Some say they begin at 8AM.

If I was backtesting this EA, I would get a platform with an unchanging time reference like IBFX or forex.com, which was mentioned. I don't know anything about forex.com. I'm assuming the gentleman is correct about them.

I would test 22:00, 23:00 and 0:00, to see which one performed better.

That would equate to 7AM, 8AM and 9AM Tokyo time.
  • #713
  • Apr 27, 2010 9:50am Apr 27, 2010 9:50am
Quote
have v5a on a live micro account that did the 2 short trades last night but I also have it running on a demo account and this did not take the trades last night.

Both these accounts are with Alpari,

I also have 5a on a live mini account witch did not opend last night.

But it did opend 2 sells at 0.25 GMT ( 1.25 alpari uk.)on demo account on the same platform.

Isn't that confusing,or rather strang,

Anyone have any idia why.?????
  • #714
  • Apr 27, 2010 9:53am Apr 27, 2010 9:53am
Quoting BullRun
Forex.com also uses GMT 0 like ibfx and they don't change time in the winter nor summer. They are better broker to do backtest.
I don't seem to be able to contact http://www.forex.com/UK/

Have I got the wrong URL?
  • #715
  • Apr 27, 2010 9:54am Apr 27, 2010 9:54am
Quoting Monty13
I also have 5a on a live mini account witch did not opend last night.

But it did opend 2 sells at 0.25 GMT ( 1.25 alpari uk.)on demo account on the same platform.

Isn't that confusing,or rather strang,

Anyone have any idia why.?????
I had the opposite problem, my micro account did the 2 trades but my demo account did not!
  • #716
  • Apr 27, 2010 10:03am Apr 27, 2010 10:03am
Quoting geoffb65
I had the opposite problem, my micro account did the 2 trades but my demo account did not!

I just spooke to alpari uk ,about thier platform running time.

Answer is +1 GMT.

Just to clear this issue with those running this EA on alpari uk.platform.


Good luck.
  • #717
  • Apr 27, 2010 10:05am Apr 27, 2010 10:05am
Quoting Monty13
I just spooke to alpari uk ,about thier platform running time.

Answer is +1 GMT.

Just to clear this issue with those running this EA on alpari uk.platform.


Good luck.
Oh bullocks!
  • #718
  • Apr 27, 2010 10:23am Apr 27, 2010 10:23am
Quoting Monty13
I just spooke to alpari uk ,about thier platform running time.

Answer is +1 GMT.

Just to clear this issue with those running this EA on alpari uk.platform.


Good luck.
I dont know if Alpari Uk are the same servers and time zone as Alpari US, but Alpari US is gmt +2.

at the writing of this email (16.21 BST- British Summer Time), it is 15.21 gmt, and the server time for Alpari US is 17.21!
  • #719
  • Apr 27, 2010 10:35am Apr 27, 2010 10:35am
Quoting Monty13
I just spooke to alpari uk ,about thier platform running time.

Answer is +1 GMT.

Just to clear this issue with those running this EA on alpari uk.platform.


Good luck.
If Alpari said that they are mistaken.

They are running on GMT+2.

The chart below shows a day starting on the vertical dotted line.(April 26) This is 0:00 chart time.

I know for a fact this bar occurred at 22:00 GMT.
That makes Alpari GMT+2.

If you are looking at an Alapri platform you can prove it.
This link shows current GMT.
http://wwp.greenwichmeantime.com/info/current-time.htm

Check it against the current Alpari bar.
You'll find that Alpari is 2 hours ahead of GMT.
Attached Image
  • #720
  • Apr 27, 2010 10:37am Apr 27, 2010 10:37am
Last loss whas 2009.03.18
All trades after that whas wins. Start time 23.00 Ibfxtime=Gmt

Elovv
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