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Simple H1 GBPUSD EA

  • #821
  • Apr 28, 2010 3:08am Apr 28, 2010 3:08am
Quoting geoffb65
I have only done a quick test using the defaults on a few other pairs but the results did not look good.

It is possible that it may work on other pairs but first you need to identify a start time that shows some potential then you would need to find optimum settings.

I have watched GBPUSD for many years so I have managed to identify the pattern that led to this strategy but I am not that familiar with other pairs!
OK, lets first make the GU EA stable, then we can think of other pairs...

Have you thought of my second suggestion... opening increased lot trade when the trade goes -ve and starts coming back to the order open price.....
  • #822
  • Apr 28, 2010 3:14am Apr 28, 2010 3:14am
Quoting reachjj
Hi,

I have seen sometimes that, the trade goes in opposite direction for few pips and retraces back to profit.

Today it went up to 30+ pips and came back to profit...So lets say, it goes some 30 Pips -ve, can we buy when it moves back to -15 (15 pips from the low) with increased lot size or the same lot size and we close that when we reach Breakeven on the first trade....

I think, this results in more profit..... Think about it...

Note: 15 Pips which I mentioned above is only for example, we can decide on that later.....
I follow your thinking and believe me I have tried many different hedging strategies over the years but there is usually a downside with every one that I have tested....

GBPUSD is so volatile, it's like a bouncing ball and even during the Asian session 15 pips is nothing, the whipsaw will destroy 15 pips in a flash, just take a look at the M5 chart to see what I mean.

The way I look at this is, the EA in its current form is achieving better than 90% accuracy, is it broke?

No, so why fix it?
  • #823
  • Apr 28, 2010 3:16am Apr 28, 2010 3:16am
Opening two trades or one with a break even doesn't really change the strategy if you ask me. It works anyway.

I backtraced other pairs and it was a disaster, do not even try to use it elsewhere.
  • #824
  • Apr 28, 2010 3:16am Apr 28, 2010 3:16am
Quoting geoffb65
If you have our program running in one window you can have other EA's working in other windows, or you can trade manually in another window.

The unique magic number ensures that our EA can keep track of our trades without interfering with others!

You can also click on other windows with other pairs it will not interfere with our EA.

Hope this helps!

Thanks a lot for your comment on that one Geoff. As you know, I am using Alpari demo with V5a and had nothing done today. I am almost 100% sure that this had something to do with my computer being hypernating and the system on standby. Can you confirm that the ea only works if the system is not on standby and is not hybernating? HD in my view could be turned off but not sure either......I hope my very early comment into the Tokyo session about huge risk aversion back in the market and hence further flight into quality i.e. USD and away from EM (TRY, HUF, PLN all tank) helped some people to stay calm with their USD long positions and sit on them.......unlucky me I did not open short GBP manually as I do not want to interfere with the ea.....
  • #825
  • Apr 28, 2010 3:20am Apr 28, 2010 3:20am
Quoting Elovv
I have a math degree. But I think its difficult with a possible lose of 280 pips compared with win 22 pips. And not a lose for more than 12 months.

I like IBFX because I can have very small lotsize and the MM I will have even if the balance is small.

Elovv
Yes, it's a difficult decision, I did try back testing with smaller stop loss but the number of losses rise exponentially!

IBFX is very good, it is a pity they have a problem with hedging, most of my EA's allow both short and long orders at the same time.

Thank you for all your help!
  • #826
  • Apr 28, 2010 3:30am Apr 28, 2010 3:30am
Quoting Haishang
Thanks a lot for your comment on that one Geoff. As you know, I am using Alpari demo with V5a and had nothing done today. I am almost 100% sure that this had something to do with my computer being hypernating and the system on standby. Can you confirm that the ea only works if the system is not on standby and is not hybernating? HD in my view could be turned off but not sure either......I hope my very early comment into the Tokyo session about huge risk aversion back in the market and hence further flight into quality i.e. USD and away from EM (TRY,...
I am not 100% sure, PC's are not my speciality, but I would suspect that MT4 will stop working during hybernation and obviously our EA stops working if MT4 stops!

I use a vps for my micro (testing) account and I have a private server with dozens of MT4 platforms working 24/5 and I'm afraid that to get the best from any EA your computer has got to be solid on-line all the time.

I'm sure your comments regarding "further flight to quality" would have helped reassure a few people, thank you, you were proved right!

I took a more simplified approach, I slept through it!
  • #827
  • Apr 28, 2010 3:35am Apr 28, 2010 3:35am
Quoting camvcvoo
Short @ 1.52552 in my live account with MIG at 03:45 server's time. GMT+1
Am out with TP. Wonder why only one trade was opened though.
福 子 Victor V
  • #828
  • Apr 28, 2010 3:39am Apr 28, 2010 3:39am
Quoting camvcvoo
Am out with TP. Wonder why only one trade was opened though.
Take a look at your MT4 Journal, there should be an error message!
  • #829
  • Apr 28, 2010 3:41am Apr 28, 2010 3:41am
I know there are some excellent manual traders visiting this thread and I would be very interested to know how you would have viewed the EA taking short positions last night.

Would you have thought a short viable?
  • #830
  • Apr 28, 2010 3:46am Apr 28, 2010 3:46am
Quoting geoffb65
Take a look at your MT4 Journal, there should be an error message!

Oh!

How can i forget to check the Journal tab. Indeed, there was an error message about requote thing. Didn't manage to open the second trade.

You can't really trust the local internet connection speed here. The country is promoting multimedia super corridor and yet we consumers pay expensive bills to get a low speed with constant internet interruption. Yet the country keep on telling the world Mxx Boleh (can)! LOL

Time to move to vps.....
福 子 Victor V
  • #831
  • Apr 28, 2010 4:02am Apr 28, 2010 4:02am
Quoting camvcvoo
Oh!

How can i forget to check the Journal tab. Indeed, there was an error message about requote thing. Didn't manage to open the second trade.

You can't really trust the local internet connection speed here. The country is promoting multimedia super corridor and yet we consumers pay expensive bills to get a low speed with constant internet interruption. Yet the country keep on telling the world Mxx Boleh (can)! LOL

Time to move to vps.....
Yes, I covered this in an earlier post today.

I think we can get round it by placing another RefreshRates() just before the second order is sent!
  • #832
  • Apr 28, 2010 4:04am Apr 28, 2010 4:04am
Geoff,

Manually i would have looked to trade the bounce at the end of the NY session only because of the massive move through London/NY,

As for a short using my manual system i have been short from 1.5253 which triggered just before the London open... currently +90 ish pips..

thats just my manual system though.

cheers

grant
  • #833
  • Apr 28, 2010 4:14am Apr 28, 2010 4:14am
Quoting Haishang
Thanks a lot for your comment on that one Geoff. As you know, I am using Alpari demo with V5a and had nothing done today. I am almost 100% sure that this had something to do with my computer being hypernating and the system on standby. Can you confirm that the ea only works if the system is not on standby and is not hybernating? HD in my view could be turned off but not sure either......I hope my very early comment into the Tokyo session about huge risk aversion back in the market and hence further flight into quality i.e. USD and away from EM (TRY,...
Yes, if the computer is in stanby the EA cant manage the trade. you have put the computer running all the time or get a vps commercialnetworkservices.com work fine for me.
  • #834
  • Apr 28, 2010 4:17am Apr 28, 2010 4:17am
Quoting grant18265
Geoff,

Manually i would have looked to trade the bounce at the end of the NY session only because of the massive move through London/NY,

As for a short using my manual system i have been short from 1.5253 which triggered just before the London open... currently +90 ish pips..

thats just my manual system though.

cheers

grant
Thanks for that!

Yes, of course, I had forgotten that trading manually you would have been already in yesterdays short!

Good job I'm not trading manually!
  • #835
  • Apr 28, 2010 4:18am Apr 28, 2010 4:18am
Quoting Golum
Yes, if the computer is in stanby the EA cant manage the trade. you have put the computer running all the time or get a vps commercialnetworkservices.com work fine for me.
Thanks for that confirmation Golum!
  • #836
  • Apr 28, 2010 4:28am Apr 28, 2010 4:28am
Quoting Golum
Yes, if the computer is in stanby the EA cant manage the trade. you have put the computer running all the time or get a vps commercialnetworkservices.com work fine for me.
Thanks a lot Golum, your comment really helps. Does that mean, that the HD cannot be turned off either?
  • #837
  • Apr 28, 2010 4:30am Apr 28, 2010 4:30am
Quoting geoffb65
I am not 100% sure, PC's are not my speciality, but I would suspect that MT4 will stop working during hybernation and obviously our EA stops working if MT4 stops!

I use a vps for my micro (testing) account and I have a private server with dozens of MT4 platforms working 24/5 and I'm afraid that to get the best from any EA your computer has got to be solid on-line all the time.

I'm sure your comments regarding "further flight to quality" would have helped reassure a few people, thank you, you were proved right!

I took a more simplified...
HaHa, you slept, I overslept and my PCs slept too.....and no deal done.....
  • #838
  • Apr 28, 2010 4:41am Apr 28, 2010 4:41am
Quoting Haishang
HaHa, you slept, I overslept and my PCs slept too.....and no deal done.....
I don't know if this is any use to you but I found this Expert Advisor Hosting on the forex.com site.

http://www.forex.com/metatraderuk/tr...r_hosting.html

I assume you have to have an account with them!
  • #839
  • Apr 28, 2010 4:53am Apr 28, 2010 4:53am
Quoting geoffb65
I don't know if this is any use to you but I found this Expert Advisor Hosting on the forex.com site.

http://www.forex.com/metatraderuk/tr...r_hosting.html

I assume you have to have an account with them!
one more or less....... -)
you r a star!
  • #840
  • Edited 5:30am Apr 28, 2010 5:13am | Edited 5:30am
Quoting Haishang
Thanks a lot Golum, your comment really helps. Does that mean, that the HD cannot be turned off either?
The Hd must be running if you want that the metatrader works.

I have rated this thread with 5 starts
Good work geoffb
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