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Simple H1 GBPUSD EA

  • #1,081
  • Apr 30, 2010 1:26am Apr 30, 2010 1:26am
Quoting camvcvoo
Mine just went long @ 1.53463

Only one order though.

Looking at Daily and Weekly chart, long should be good. Anyway, i may be wrong. However, for the sake of the rest here, let's hope we all profit, AGAIN and FOREVER!
My live account only made one order! lol!

I think the GBP has been ranging for a couple of weeks and we are on a rising trend in the middle of the range, sounds pretty safe to me!
  • #1,082
  • Apr 30, 2010 1:27am Apr 30, 2010 1:27am
geoff

Dont worry about changing a thing this little EA is a gem......

In profit again for another night...
  • #1,083
  • Apr 30, 2010 1:32am Apr 30, 2010 1:32am
Quoting geoffb65
Good morning everyone!

My live account only produced 1 long order and my demo account didn't produce any orders but I think the long will be safe!

In the next version of the EA I have included 10 re-tries of the order to get round the problem of re-quotes so that should stop the EA from just sending one order.
Good! or may be add the possibility of set the slipage manually for bot entries and exits? in my broker IBFX it works fine with other EAs
  • #1,084
  • Apr 30, 2010 1:34am Apr 30, 2010 1:34am
Hi everyone,

got some good news:
Can confirm that the EA in current version definitelly works on ECN brokers !
Started it on following accounts last night and got the 2 buy orders on all of them. It is also intersting to compare the different entry prices:

Alpari Demo
(for comparisson, dont forget they use their institutional spreads there):
1.53536

The Collective FX Demo : 1.53541
The Collective FX LIVE: 1.53538

ATC (Demo) : 1.53531

I used the "Hide Targets" setting on all accounts, and it seems to do its job : - )

As you can see, ATC got the best entry of all accounts (on Demo though), but still nice to see, even 0.5 pips better than the instituational DEMO of Alpari.

At the moment, pair is swinging around BE on all accounts,
hope there will be some up move soon, so can close trades in profit

Spread on ATC for GBPUSD is just 0.7 - 1.2 pips on average, also right now when writing this, so really good conditions for trading this EA there

Also ATC is one of the few ECN brokers with low spreads + trustable background for the security of funds (they are IB of FXCM, so the funds are held with FXCM UK)

The only downside is their minum lot size is 0.1 lots, so rather
only useable for larger deposits, eg USD 5000 (which is their minimum) and up.



Cheers,
Michael
  • #1,085
  • Apr 30, 2010 1:37am Apr 30, 2010 1:37am
Today I had 2 sell orders. One has been closed for now other moved to BE.
The Road appears under the steps of walking men...
  • #1,086
  • Apr 30, 2010 1:43am Apr 30, 2010 1:43am
First target hit.....22 pips...

second target hit trailing stop....was always going to struggle to hit the second one...

Great Ea geoff...
  • #1,087
  • Apr 30, 2010 1:43am Apr 30, 2010 1:43am
Quoting calstock
geoff

Dont worry about changing a thing this little EA is a gem......

In profit again for another night...
Yes!

That was short and sweet, out with +22 yet again!
  • #1,088
  • Apr 30, 2010 1:46am Apr 30, 2010 1:46am
One long hit TP this morning. All winners so far, sweet.

I was thinking one thing... most of the times the trades seems negative and then turn positive. I might be wrong, but I could easily open a manual trade and catch this swing doubling the green pips this way. I refrained from doing this until now. Do you think this might be a good strategy or it's too risky?
  • #1,089
  • Apr 30, 2010 1:48am Apr 30, 2010 1:48am
Quoting brc021
Hi everyone,

got some good news:
Can confirm that the EA in current version definitelly works on ECN brokers !
Started it on following accounts last night and got the 2 buy orders on all of them. It is also intersting to compare the different entry prices:

Alpari Demo
(for comparisson, dont forget they use their institutional spreads there):
1.53536

The Collective FX Demo : 1.53541
The Collective FX LIVE: 1.53538

ATC (Demo) : 1.53531

I used the "Hide Targets" setting on all accounts, and it seems to do its job : - )

As you can see,...
Wow Michael this is great news!

And, the ATC data is something I will be looking into today!

While you were typing your post the first orders have closed at TP.
  • #1,090
  • Apr 30, 2010 1:48am Apr 30, 2010 1:48am
Any way we have already secured our profit and can not lose any $. WE coming take a rest enjoy spring!!!
The Road appears under the steps of walking men...
  • #1,091
  • Apr 30, 2010 1:51am Apr 30, 2010 1:51am
Geoff, would you reccomend to disable the EA today? I don't think it will open any trade, though I might be wrong.
  • #1,092
  • Apr 30, 2010 1:52am Apr 30, 2010 1:52am
Quoting Emanuele
One long hit TP this morning. All winners so far, sweet.

I was thinking one thing... most of the times the trades seems negative and then turn positive. I might be wrong, but I could easily open a manual trade and catch this swing doubling the green pips this way. I refrained from doing this until now. Do you think this might be a good strategy or it's too risky?
Great!

I agree the reversal during the Asian session does happen quite often!
  • #1,093
  • Apr 30, 2010 1:56am Apr 30, 2010 1:56am
Quoting Emanuele
Geoff, would you reccomend to disable the EA today? I don't think it will open any trade, though I might be wrong.
No, the EA won't trade until Sunday open and I am quite happy to rely on it now, it is looking very reliable!
  • #1,094
  • Apr 30, 2010 1:57am Apr 30, 2010 1:57am
Thanks, Geoff!

On my first trade using this strategy, I manually entered 0.1 lot - $1/pip - on the GbpUsd at 2345GMT (a little late...) and just gained 20 pips on my live forex.com/uk account! I'll use the EA next week with confidence! Entry at 1.5359, tp set to 20 pips, closed at 1.5379, 639GMT. It took awhile... That's 11:39pm here in Northern California. Time to shut it down for the night!

Looks like pips for all this day!

Light's blessings,
Raymond
If nothing changes, nothing will change...
  • #1,095
  • Apr 30, 2010 2:05am Apr 30, 2010 2:05am
Quoting geoffb65
No, the EA won't trade until Sunday open and I am quite happy to rely on it now, it is looking very reliable!
Geoff,
Will you be running the EA on Sunday evening given that it is a Bank Holiday in the UK on Monday? I will probably let it run on demo but switch off the live account.
Once again thanks for a great EA. All winning trades this week

PeeJay
  • #1,096
  • Apr 30, 2010 2:06am Apr 30, 2010 2:06am
Since I started goofing around with your EA it collected +184 pips with 8 wins. You did an awesome job, geoff. Thanks, mate.
  • #1,097
  • Apr 30, 2010 2:16am Apr 30, 2010 2:16am
Quoting rnfuller102
Thanks, Geoff!

On my first trade using this strategy, I manually entered 0.1 lot - $1/pip - on the GbpUsd at 2345GMT (a little late...) and just gained 20 pips on my live forex.com/uk account! I'll use the EA next week with confidence! Entry at 1.5359, tp set to 20 pips, closed at 1.5379, 639GMT. It took awhile... That's 11:39pm here in Northern California. Time to shut it down for the night!

Looks like pips for all this day!

Light's blessings,
Raymond
Hi Raymond

Thank you for your kind words!

The TP of 22 and TSL 22 on the first order were arrived at by optimisation of the past 12 months data and certainly this week they have worked perfectly.

The move against us during the Asian session happens quite often, but so does the reversal in the last hour of the Asian session then the continuation of the original trend during the London session.

Good luck!
  • #1,098
  • Apr 30, 2010 2:20am Apr 30, 2010 2:20am
Quoting peejaywk
Geoff,
Will you be running the EA on Sunday evening given that it is a Bank Holiday in the UK on Monday? I will probably let it run on demo but switch off the live account.
Once again thanks for a great EA. All winning trades this week

PeeJay
That is the key. When you run backtests to do not choose days of week to run it. The same should be done during forward test. We should trust the system we trade, otherwise it does not even worth to try.
The Road appears under the steps of walking men...
  • #1,099
  • Apr 30, 2010 2:22am Apr 30, 2010 2:22am
Quoting peejaywk
Geoff,
Will you be running the EA on Sunday evening given that it is a Bank Holiday in the UK on Monday? I will probably let it run on demo but switch off the live account.
Once again thanks for a great EA. All winning trades this week

PeeJay
Hi PeeJay

Yes, I will be running the EA, ok the volume will be low on Monday but we are not looking for many pips so why miss the opportunity?

In back-testing the EA has gone through bank holidays, so why not do the same in forward testing?

One thing to remember, if the orders don't reach TP or SL they will continue into the next day or until they are closed manually.
  • #1,100
  • Apr 30, 2010 2:24am Apr 30, 2010 2:24am
Quoting Soondoock
That is the key. When you run backtests to do not choose days of week to run it. The same should be done during forward test. We should trust the system we trade, otherwise it does not even worth to try.
We are on the same page!
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