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Simple H1 GBPUSD EA

  • #941
  • Apr 28, 2010 8:18pm Apr 28, 2010 8:18pm
Quoting mary4x
The EA closed first trade at $22, and second trade is now at $26. If I'm happy with my profit after the next two hours, can I go ahead and manually close the second trade, or does that mess up the EA? And if I do close the second trade manually, is it okay to turn off the computer and restart it tomorrow? (it's 6:07 pm here on West Coast).

Thanks for any help.
It will be safe if you delete the EA from your chart and restart the EA after you restart your PC tomorrow. Sorry but I don't know the EA's behaviour when you leave the EA...
  • #942
  • Apr 28, 2010 8:20pm Apr 28, 2010 8:20pm
Quoting Taiyakixz
This EA opens orders only between 23:00 GMT and 0:00 GMT, so the order does not open at that time. Your buy order is strange.
TDFX is GMT +1. I have the offset at +1 and start time at 23. If the order is strange, what have I done wrong?
If you're scared get a dog.
  • #943
  • Apr 28, 2010 8:30pm Apr 28, 2010 8:30pm
Quoting mary4x
The EA closed first trade at $22, and second trade is now at $26. If I'm happy with my profit after the next two hours, can I go ahead and manually close the second trade, or does that mess up the EA? And if I do close the second trade manually, is it okay to turn off the computer and restart it tomorrow? (it's 6:07 pm here on West Coast).

Thanks for any help.
so far i have no problem switch off and on my pc/EA
  • #944
  • Apr 28, 2010 8:32pm Apr 28, 2010 8:32pm
Quoting Boxxie
TDFX is GMT +1. I have the offset at +1 and start time at 23. If the order is strange, what have I done wrong?
Your setting is right....ummmmm.......
GMT+1 is written on TDFX FAQ page...summer time is considered?
What time is the chart's current bar?
  • #945
  • Apr 28, 2010 8:45pm Apr 28, 2010 8:45pm
Quoting Taiyakixz
Your setting is right....ummmmm.......
GMT+1 is written on TDFX FAQ page...summer time is considered?
What time is the chart's current bar?
I'm not sure, but from the FAQ I gather it is GMT +1 all year. Current time 03:45 GMT.
If you're scared get a dog.
  • #946
  • Apr 28, 2010 8:51pm Apr 28, 2010 8:51pm
Quoting Boxxie
I'm not sure, but from the FAQ I gather it is GMT +1 all year. Current time 03:45 GMT.
Now 1:48 GMT. 3:45 is your chart time? If so, your broker is GMT+2.
  • #947
  • Apr 28, 2010 8:53pm Apr 28, 2010 8:53pm
Quoting Taiyakixz
Now 1:48 GMT. 3:45 is your chart time? If so, your broker is GMT+2.
Thank you very much.
If you're scared get a dog.
  • #948
  • Apr 28, 2010 8:53pm Apr 28, 2010 8:53pm
Quoting tommycz
Do you have Alpari UK? And what is the GMT and Start time..
My is 0 and 1. No orders yet
Sorry for late reply Tommycz. I am on Alpari UK, both GMT (means GMT soffset 0) and Start time (set at 1) are default, my computer runs on GMT +1 (UK time)

I got the first 2 fills.

GBPUSD
t/p 22 pips at 1.51812 at 2.46 CET (0.46 GMT)

EUR/USD
t/p 22 pips at 1.31879 at 2.31 CET (0.31 GMT)

but think that we need to do some optimization for EUR/USD

hope that helps
  • #949
  • Apr 28, 2010 9:05pm Apr 28, 2010 9:05pm
Quoting tinorio
Hi Haishang...

do you use This V5a on EURUSD ? what about the setting, is it on default?
coz if this ea works on any pair, i wanna try it on GBPJPY, which is the price movement is almost the same with GBPUSD.
yes I use V5A for EURUSD in default, I just let it run cause i first want to get familiar with GBPUSD. So I did not change anything for EUR. Interesting with GBPJPY but be careful as the BOJ intervenes in morning Asian trading usually. I cannot imagine that they do with USDJPY up here so I don't see any intervention risk right now.

However on another note (which I did yesterday) my deadcertain opinion is that Europe will have difficult days ahead (Greece bailout probably not any more costs 40 but more like 90 bn EUR, Spain downgraded). I see weak EM (like said yesterday TRY,HUF,PLN all strong sells) and strong USD. If carry is dead I see limited upside potential for USDJPY, hence if USDJPY moves below 90, I would guess BOJ is in and at least verbally intervenes which certainly will send the pair up in the current environment. watch out when London fx traders come in, they are early birds, the first (I mean those who got paid a bonus.......) start trading before 7.00 Ldn time (6.00 GMT) and in NY they get in even earlier at around 6.30......this more on the medium term view, which I think is important to watch out for no matter how short or ultrashort the trading strategy is
  • #950
  • Apr 28, 2010 9:24pm Apr 28, 2010 9:24pm
My live account just short @ 1.51669 at 03:50 server's time GMT+1

Everyone else before me should have their 1st TP reached and now having free trade.

My GMT Offset = +1
My start time = 2

Should i change my start time to 1? If follow Geoff, should it be 0?

By the way, EA only sent one trade with no error message.

Any idea?
福 子 Victor V
  • #951
  • Apr 28, 2010 9:28pm Apr 28, 2010 9:28pm
Quoting camvcvoo
My live account just short @ 1.51669 at 03:50 server's time GMT+1

Everyone else before me should have their 1st TP reached and now having free trade.

My GMT Offset = +1
My start time = 2

Should i change my start time to 1? If follow Geoff, should it be 0?

By the way, EA only sent one trade with no error message.

Any idea?
Victor, what is your computer time? I let mine still run on UK time (GMT+1) and therefore use the default set up from Geoff. After all these discussions about time setting I assume it is easiest for all who have problem with this to change their computer clock to GMT+1 (which is Geoffs) and let the ea run with default setting on the time. Fullstop, no more questions about that......or is this approach to radical?
  • #952
  • Apr 28, 2010 9:47pm Apr 28, 2010 9:47pm
Quoting Haishang
Victor, what is your computer time? I let mine still run on UK time (GMT+1) and therefore use the default set up from Geoff. After all these discussions about time setting I assume it is easiest for all who have problem with this to change their computer clock to GMT+1 (which is Geoffs) and let the ea run with default setting on the time. Fullstop, no more questions about that......or is this approach to radical?

Haha

That's why Steve is crazy about time thing and he makes almost all his robot to have time input suit to user's local time. Am not suggesting anything. Just to voice out.
福 子 Victor V
  • #953
  • Apr 28, 2010 9:54pm Apr 28, 2010 9:54pm
Quoting Haishang
Sorry for late reply Tommycz. I am on Alpari UK, both GMT (means GMT soffset 0) and Start time (set at 1) are default, my computer runs on GMT +1 (UK time)

I got the first 2 fills.

GBPUSD
t/p 22 pips at 1.51812 at 2.46 CET (0.46 GMT)

EUR/USD
t/p 22 pips at 1.31879 at 2.31 CET (0.31 GMT)

but think that we need to do some optimization for EUR/USD

hope that helps
just got triggered in EUR/USD for the second close
trailing s/l at 1.32099 with 3 pips profit

looks like we really need to do some optimization in EUR/USD......
  • #954
  • Apr 28, 2010 9:58pm Apr 28, 2010 9:58pm
Quoting Haishang
just got triggered in EUR/USD for the second close
trailing s/l at 1.32099 with 3 pips profit

looks like we really need to do some optimization in EUR/USD......
and now as well in GBP/USD

trailing s/l filled at 1.51835 with 19.7 pips profit
  • #955
  • Apr 29, 2010 12:21am Apr 29, 2010 12:21am
Hello Geoff at all,
this week I missed 3 trades on my Alpari Demo account (they would have all been profitable) due to following errors:
"128" = Trade Timeout
"129" = Invalid price

I believe other people with missed trades might have the same problem
Could people with missed trades please check in "expert" tab if these were missed for above errors, too ?

I think, if even in demo account , so many trades are missed already,
in theory on live accounts it should be even worse.

Geoff, can you please try to add some codes in the EA,
to overcome these errors ( I am no programming expert, but I think the following could help):

- Add a "slippage" option in the EA properties, so if set to eg "2" , the trade would still get executed even if the price differs within +/- 2 pips from original entry price

- Add a "send / close order retry" setting in the EA,
so if getting any of the above errors, or other errors, eg "trade contex busy", the EA would be resending the order request to the broker until it gets filled, on a predefined max slippage rage (eg +/- 5 pips from original price), max. No of reties could be defined I guess, at least I would go for something like 10 retries to test.

On another note I would like to give a notice of caution to everybody using the EA on Alpari Demo, as I do : Do not to over-rate the results achieved there to be representative for Alpari Live "Micro" and "Classic" accounts:

On Alpari Demo, Alpari uses their institutional "Pro" account feed
with their corresponding spreads of only 1.5 - 1.7 pips on GBPUSD on average. To get these conditions on live account you would need to have min balance USD 20,000 and min trading 3 lots.

The spreads on their Classic and Micro Live accounts are significantly worse, eg. 2.5 - 3.0 pips on average only.

But this is still not too bad, seeing that other brokers such as FXDD or IBXF even got up to 4 pips spreads on this pair.
Even many common ECN brokers such as The collective FX , Nordmarkets, Gallant Fx etc,
are having about 2.0 - 2.5 pips spread on this pair on average.
You can check www.mt4spreads.com to get an idea

So I would rather suggest to demo this EA on any broker who at least is fair enough to give same spread in Demo as in Live account, anything else does not make sense to get the correct performance idea, even though this particular EA is not too much "spread sensitve" as it seems.

Anyway, I would really love to see this EA running on ECN brokers as well,
as if I to use it live, this would be the only way for me to go.
Even with "hiden stops" I do not trust any common "bucket shop" dealing desk brokers anymore, especially not with any scalping EA.

Has anybody suceeded to get it going on ECN brokers already ?
If not I would be really glad to see this option on the next EA update.

Cheers,
Michael
  • #956
  • Apr 29, 2010 1:01am Apr 29, 2010 1:01am
Quoting brc021
Hello Geoff at all,
this week I missed 3 trades on my Alpari Demo account (they would have all been profitable) due to following errors:
"128" = Trade Timeout
"129" = Invalid price

I believe other people with missed trades might have the same problem
.......

Has anybody suceeded to get it going on ECN brokers already ?
If not I would be really glad to see this option on the next EA update.

Cheers,
Michael
I also have such errors on my live account. This morning's the EA only sent one trade. However, there is no error message at all. Strange.
福 子 Victor V
  • #957
  • Apr 29, 2010 1:02am Apr 29, 2010 1:02am
Quoting brc021
Hello Geoff at all,
this week I missed 3 trades on my Alpari Demo account (they would have all been profitable) due to following errors:
"128" = Trade Timeout
"129" = Invalid price

I believe other people with missed trades might have the same problem
Could people with missed trades please check in "expert" tab if these were missed for above errors, too ?

I think, if even in demo account , so many trades are missed already,
in theory on live accounts it should be even worse.

Geoff, can you please try to add some codes in the EA,
to...
Good morning everyone!

Another 44 pips while I slept, not bad for a beginner!

I know there are a few niggling problems with the EA but come on guys we have only been testing it for a week!

I am addressing the problems and will soon be ready to give you an upgraded version that should be much better!
  • #958
  • Apr 29, 2010 1:07am Apr 29, 2010 1:07am
Quoting Haishang
just got triggered in EUR/USD for the second close
trailing s/l at 1.32099 with 3 pips profit

looks like we really need to do some optimization in EUR/USD......
Hi Haishang

The tests that I have done on the EURUSD are very poor, I think it does not follow the strategy like GBPUSD but it would be a very nice addition to our arsenel if we could get it to work!

Once I get rid of a few problems in the EA I will definitely be working to find a good start time for the EURO!
  • #959
  • Apr 29, 2010 1:08am Apr 29, 2010 1:08am
Quoting brc021
Hello Geoff at all,
this week I missed 3 trades on my Alpari Demo account (they would have all been profitable) due to following errors:
"128" = Trade Timeout
"129" = Invalid price

I believe other people with missed trades might have the same problem
Could people with missed trades please check in "expert" tab if these were missed for above errors, too ?

I think, if even in demo account , so many trades are missed already,
in theory on live accounts it should be even worse.

Geoff, can you please try to add some codes in the EA,
to...
Good morning Michael,

you sound a bit frustrated about reliability of the demo account and are even more concerned if it comes down to live trading. Question for me, who was filled this morning both in EUR/USD and GBP/USD with highest accuracy, is the following:
1) Is the problem you described a systematic problem or
2) Is the problem you described inherent to the business model of these retail brokers.

having traded more than 15 years FX interbank both spot and options I take spreads as a cost of doing business. But, systematic problems cannot be tolerated and then the entire set up needs to be changed.

What do you think?
  • #960
  • Apr 29, 2010 1:22am Apr 29, 2010 1:22am
Quoting geoffb65
Hi Haishang

The tests that I have done on the EURUSD are very poor, I think it does not follow the strategy like GBPUSD but it would be a very nice addition to our arsenel if we could get it to work!

Once I get rid of a few problems in the EA I will definitely be working to find a good start time for the EURO!
Just by putting EUR/USD and GBP/USD into one chart and extracting 23.00 to 02.00 GMT.....correlation does not look that bad, correct?
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