Simple H1 GBPUSD EA | Page 57 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple 3 order GBPUSD EA 1,047 replies

Experiment with "Simple H1 GBPUSD EA" 4 replies

Simple 5m GBPUSD trade system 10 replies

Attachments: Simple H1 GBPUSD EA
Exit Attachments

Simple H1 GBPUSD EA

  • #1,121
  • Apr 30, 2010 5:59am Apr 30, 2010 5:59am
Quoting sanyhuis
Geoff,
For the first time last night I ran this on two accts. Forex.com and Alpari UK. Demo's. Took two trades on each. The only setting I changed was MM in Forex.

Forex booked two .06 lots @ 1.5339 with a total profit of 43.80 1:10am
Alpari booked two .10 lots @ 1.53536with a total profit of 36.80 1:20am

I'm amazed at the difference in profit and considering the lot size. Of course it was the timing. But Forex was considerably higher that Alpari.

Just an observance. I love this thing. It's so good to me.
Hi Sandra

That is interesting because I thought forex.com had a higher spread than Alpari!

But that is a massive difference in profit and a big difference in start times!

I don't know what to make of this, it seems we are completely held to ransome by the brokers but what is the answer?
  • #1,122
  • Apr 30, 2010 6:06am Apr 30, 2010 6:06am
Quoting zealvix
?? if i did that it will open orders like 0.16 etc right? my account minimum lot order is 0.1 lot, each increase is 0.1 also.

thought that is what a mini lot is, so set miniorders to true and micro orders to false, but getting the invalid lot error so asking about it here.
Sorry I misunderstood your previous post!

Yes, you should only have mini orders set to true but if you are still getting the invalid lot error that is very strange.

I have never had a problem with the settings in the EA and I have mini, micro and standard lot accounts, I can only assume that this is a broker issue.

Are you using the manual lot size option?
  • #1,123
  • Apr 30, 2010 6:31am Apr 30, 2010 6:31am
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.
Hello Geoff

my IBFX demo & Live account opened two trades @1.5354, identical and at the same time.
both ended in profit.

Thanks
Frank
  • #1,124
  • Apr 30, 2010 6:39am Apr 30, 2010 6:39am
Quoting Money Magnet
Hello Geoff

my IBFX demo & Live account opened two trades @1.5354, identical and at the same time.
both ended in profit.

Thanks
Frank
Hi Frank

That is good to know, it looks like IBFX have the same settings on their demo and live accounts which is good, it shows a consistency that one or two other brokers don't have!
  • #1,125
  • Apr 30, 2010 6:55am Apr 30, 2010 6:55am
Hi, loaded v6 on my forex.com account, and broker time shows 11:53, with gmt time of 16:49, and a start time of 23:00. This isn't right is it? seems to be almost 5 hrs off. my gmt offset is 0. Forex.com is at gmt time.

thanks
  • #1,126
  • Apr 30, 2010 6:56am Apr 30, 2010 6:56am
Quoting camvcvoo
In Jacko's words:

“Hedging ” to me is simply hiding a loss under another opposite trade…and sooner or later, when the hedge comes off, there is an ugly loss exposed…I don’t like that concept !!! (However, to those who use them, I say, different strokes for different folks…that is, its a personal choice).
Currently, this is what seems to happen to some Traders…
1. you put a trade on and you put a stop loss of around 40- 50 pips
2. the market goes against you (horrors….I was wwwwwrong !! )
3. let the market continue…it will probably go say another...
Thank you Victor, this needs some careful thought!
  • #1,127
  • Apr 30, 2010 7:01am Apr 30, 2010 7:01am
Quoting bwk9087
Hi, loaded v6 on my forex.com account, and broker time shows 11:53, with gmt time of 16:49, and a start time of 23:00. This isn't right is it? seems to be almost 5 hrs off. my gmt offset is 0. Forex.com is at gmt time.

thanks
Damn!

I wasn't sure if this would work, of course I could only test it on a couple of accounts where it looked to be ok!

It is alright because you set the GMT offset manually and the start time is fixed at 23:00.

Back to the drawing board!
  • #1,128
  • Apr 30, 2010 7:10am Apr 30, 2010 7:10am
Quoting bwk9087
Hi, loaded v6 on my forex.com account, and broker time shows 11:53, with gmt time of 16:49, and a start time of 23:00. This isn't right is it? seems to be almost 5 hrs off. my gmt offset is 0. Forex.com is at gmt time.

thanks
Mmmm!

I have just tested it on forex.com demo account and the Broker time and GMT time came out the same!

Have you got Allow DLL Imports enabled in Tools, Options, Expert Advisors?
  • #1,129
  • Apr 30, 2010 7:21am Apr 30, 2010 7:21am
Last night about 12.20,When I had a miss hap on a demo account,by swithing between the time frames,extra orders had opend.

Now that matter is been solved in the new version.

But 20mins latter when i switch to check my live account,on the same platform,2 buy order opend at 1.53558 about 12.40.

I left it at that,now checking the account on return from work,I'm astonish finding the orders are still open around -58pips.

Now despite the price had gone up to 1.5389 on my chart,about 33pips,the 22 taking profit and tr sl has not worked,

Why is that, could it be i switched the hide targets to true.

I hope someone can enlight me on this matter.

Thank you.
  • #1,130
  • Edited 7:47am Apr 30, 2010 7:30am | Edited 7:47am
Quoting Monty13
Last night about 12.20,When I had a miss hap on a demo account,by swithing between the time frames,extra orders had opend.

Now that matter is been solved in the new version.

But...
No No!

With any EA you must never look at another chart time frame once it is active, the EA loses control of the magic number, more trades will be placed and existing orders will not be managed by the EA.

This is not fixed in the new issue, it cannot be fixed, it is the way the system works.

When you leave one time frame the EA is unloaded and re-loaded on the new time frame chart, you can see this in the MT4 Journal, so all data that the EA was storing is lost.

If you then change back to the original time frame, the same thing happens again!

Sorry!
  • #1,131
  • Apr 30, 2010 7:43am Apr 30, 2010 7:43am
Quoting geoffb65
No No!

With any EA you must never look at another chart time frame once it is active, the EA loses control of the magic number, more trades will be placed and existing orders will not be managed by the EA.

This is not fixed in the new issue, it cannot be fixed, it is the way the system works.

Sorry!
Thank you for the explaination.

I was not aware of that,if one switched between the time frames the existing orders will not be managed by the EA.
  • #1,132
  • Apr 30, 2010 7:45am Apr 30, 2010 7:45am
Quoting geoffb65
Mmmm!

I have just tested it on forex.com demo account and the Broker time and GMT time came out the same!

Have you got Allow DLL Imports enabled in Tools, Options, Expert Advisors?

I have that all set, it is on my live account, run off their vps. nothing out of ordinary in experts, or journal tab.
  • #1,133
  • Apr 30, 2010 7:46am Apr 30, 2010 7:46am
Quoting geoffb65
No No!

With any EA you must never look at another chart time frame once it is active, the EA loses control of the magic number, more trades will be placed and existing orders will not be managed by the EA.

This is not fixed in the new issue, it cannot be fixed, it is the way the system works.

Sorry!
Is that in reference to the chart that V6 is loaded on? But I can still open another chart of G/U and switch between time frames correct? Just not the one that has this EA loaded on. Correct?

Also I seen there is a magic number..

Can I also have a different EA running on another chart.. or will the 2 different EA conflict? I thought that a manic number controls each independent order.
  • #1,134
  • Apr 30, 2010 7:55am Apr 30, 2010 7:55am
Quoting geoffb65
Mmmm!

I have just tested it on forex.com demo account and the Broker time and GMT time came out the same!

Have you got Allow DLL Imports enabled in Tools, Options, Expert Advisors?

ok, i found the problem, I think. In the ea, you are calling a windows process, kernel32.dll, and the vps I run, from forex.com, it is run under wine, a program that allows windows programs to run under linux. Sound good? It works on my ibfx account, not on this vps.
  • #1,135
  • Apr 30, 2010 8:08am Apr 30, 2010 8:08am
Just did a recent back test of V6 for the past year. So far there were 9 losing days in the past year. [(140 x 2) x 9] = $2,250 total losses

Apr 30, 2009 to Apr 30, 2010
6/11 - Thursday
7/10 - Friday
7/30 - Thursday
9/8 - Tuesday
10/29 - Thursday
11/19 - Thursday
1/26 - Tuesday
2/25 - Thursday
3/10 - Wednesday

I then looked at the days. It seems that a total of 5 losers happen to fall on a Thursday. So if we would maybe eliminate Thursday from trading we could seriously reduce the losses quite a bit and no need for hedging option
Not trading on Thursday would of only brought 4 losses in the past year.. so at 280 per loss.. that $1,120.. so basically losses are cut in half.

I wonder if Geoff could maybe or someone else.. maybe could add into the EA days of the week to trade.. So you have the option to choose which days to trade.

Just a thought!
Attached Image (click to enlarge)
Click to Enlarge Name: Geoff.jpg Size: 108 KB
  • #1,136
  • Apr 30, 2010 8:11am Apr 30, 2010 8:11am
Quoting tommycz
Is that in reference to the chart that V6 is loaded on? But I can still open another chart of G/U and switch between time frames correct? Just not the one that has this EA loaded on. Correct?

Also I seen there is a magic number..

Can I also have a different EA running on another chart.. or will the 2 different EA conflict? I thought that a manic number controls each independent order.
Yes you can open another chart and switch that between time frames.

It is only the one with any EA on it that you must not switch!

Each EA must have a unique "manic" number, this is to ensure that they don't interfere with one another.

V5a did have a magic number but it was hidden in the code.
  • #1,137
  • Apr 30, 2010 8:21am Apr 30, 2010 8:21am
Quoting tommycz
Just did a recent back test of V6 for the past year....
I did this exercise myself a couple of days back because I thought that the problem was possibly caused by a gap up or down after the weekend.

I identified Thursday as being the main culprit and ran the EA with thursday turned off and it did reduce the losing days by 4 in my case, only trouble is it reduced the total profit for the year significantly!

When I tried the same idea on a different broker the main culprit was Tuesday, why they should be different is a mystery!

I worked out that we could eliminate all loses by not trading on Monday because of the weekend, Tuesday because it was bad on one broker, Thursday because that was bad on another broker and Friday because it's a manic day for GBPUSD.

That left Wednesday, until I try it on another broker!

You see my point!
  • #1,138
  • Apr 30, 2010 8:23am Apr 30, 2010 8:23am
Quoting geoffb65
I did this exercise myself a couple of days back because I thought that the problem was possibly caused by a gap up or down after the weekend.

I identified Thursday as being the main culprit and ran the EA with thursday turned off and it did reduce the losing days by 4 in my case, only trouble is it reduced the total profit for the year significantly!

When I tried the same idea on a different broker the main culprit was Tuesday, why they should be different is a mystery!

I worked out that we could eliminate all loses by not trading on Monday...
Umm.. I cracked the bottle of champagne too early!..hehe..
  • #1,139
  • Apr 30, 2010 8:25am Apr 30, 2010 8:25am
Quoting bwk9087
ok, i found the problem, I think. In the ea, you are calling a windows process, kernel32.dll, and the vps I run, from forex.com, it is run under wine, a program that allows windows programs to run under linux. Sound good? It works on my ibfx account, not on this vps.
Yup!

That's what is causing it....

I can't see a way round this I'm afraid, I had a difficult enough job finding the DLL import as it is, more digging I guess!
  • #1,140
  • Apr 30, 2010 8:28am Apr 30, 2010 8:28am
Quoting tommycz
Umm.. I cracked the bottle of champagne too early!..hehe..
Never mind!

That graph is a beauty, a straight line to 5000, who could ask for anything more!
20 traders viewing now