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Simple H1 GBPUSD EA

  • #1,161
  • Apr 30, 2010 1:32pm Apr 30, 2010 1:32pm
Quoting whiteash
The way I see it is that as we all know, anything can (and usually does) happen, but at the moment this EA is producing amazing results and so until something happens to change that, what else can we do apart from sit back and enjoy the ride!

Possible improvements have been tried and tested and none so far have been able to do just that, i.e. improve it. Maybe the market will change, maybe it won't, but if it does and starts to produce a few losers, then perhaps it'll be time to look at adapting/optimising it to suit the current market conditions...
I couldn't have put it any better! Thank you!

As for "calling the shots" I am open to all suggestions, I know my limitations and am ready to learn from my betters!
  • #1,162
  • Edited 1:36pm Apr 30, 2010 1:33pm | Edited 1:36pm
Quoting tommycz
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...
Maybe for all Alpari uk user could still run this on a Thursday (taking that it's this broker that give the 5 loss days) but reduce the SL on thursdays to 60? It should still provide some wins and not so heavily impact on the overall profit as Geoff mentioned, while keeping those 5 losses to 2x60= 120x5=600? just a thought
  • #1,163
  • Apr 30, 2010 1:56pm Apr 30, 2010 1:56pm
Just thought I would mention, the EA's do not work on some brokers Mt4's.

My FXCM Mt4 gives no response, (no errors, no trades), while GoMarkets Australia works Fine.

Both accept the allocated lot size and both are 5 digit. Why the one works and the other not, I have no idea.

I did a backtest

GBPUSD 1 Hour(H1) 2000.10.26 to 2010.04.26
Every tick, drew data from M1
With 0.1 Lots and Money Manegement set to true.

It held more or less till 2008 (where most EA's Drop for obvious reasons) then did well from 2009.02.01 till current time.

Total gain in 10 years $460.20.

Increase from 2009.02 till 2010.02 from $5331.78 to $10460.20 (The last upsurge visible in the attached pic)

Not bad, but it is seasonal. No way of telling when the working style will change, but when it does (unless there is another 2008 crash) it drops around 10% max.

So Assuming one started using it in Feb 2009 and the 'mood' changed now, it would level out to just short of 100% gain. In other words one could withstand the 10% drop easily and stop using the EA till it showed positive results again in backtesting.

Nice one.
Blue Mental.
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 8 KB
  • #1,164
  • Apr 30, 2010 2:06pm Apr 30, 2010 2:06pm
Quoting mary4x
A while back Geoff mentioned the vsr he's using (I think it was $75). Is anyone using another vsr to trade this EA that they're happy with?
Take a look at this system offered by forex.com

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

It looks as if it will be a lot less expensive than a vps!
  • #1,165
  • Apr 30, 2010 2:10pm Apr 30, 2010 2:10pm
Quoting geoffb65
Take a look at this system offered by forex.com

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

It looks as if it will be a lot less expensive than a vps!
its pretty good for the price, free! been running it for almost a year. you can only use it on your account for them, you can't run eas for a different brokerage, though.
  • #1,166
  • Apr 30, 2010 2:11pm Apr 30, 2010 2:11pm
2008 is a bad year to test anything in and I hope doesn't happen again. I was not a fx trader then but knew that the flashing lights and loud horn ment a train was comming and was able to get off the track and do OK. What will affect this formula I do not know, China letting its currency appreciate might put Asian markets in the role of trend setter or changer, EU debt crisis getting worse may put London in the drivers seat or even Frankfurt. This "thing" is working in a calm market which is what we have most of the time. The EA can't see a train comming, thats what we are for. Keep your eyes open.
  • #1,167
  • Apr 30, 2010 3:06pm Apr 30, 2010 3:06pm
Geoff

Firstly thanks for all your hard work, and once again as far as Iam concerned dont change a thing....This EA is a little GEM.

I have benn trading for more years then I like to remember and like you I run a business both trading for myself and on behalf of people as well offer a share alert service....

I have seen many EA's come and go , so far this one is acting like a ATM machine...

To the people both new and experinced, take this EA for what it is....it will lose money at some stage...if its only 10% then I can live with that..

Remember your so called expert's on Wall Street work on a win/loss of 60/40..and they charge a small fortune for there usless information.

Forget the back testing, there's enough people in this forum running it live ( the real test ) to confirm its doing what Geoff claims it can.

And to the post...regarding trading days....Dont ask Geoff to mess around with the code, hes done enough already.
If you dont want it to trade that day.....turn it off.... ( thats what I do).

And geoff I have set my SL to 50 pips and it appears to work fine....of course i always check for support areas or high/lows...to make sure i have it covered..
I had my SL set at 1.5300 on Friday and as we see it bounced of the previous resistance.

As I have explained in a previous post....working out a target on friday gave my a second target of....1.5383.....

Looking forward to another green week.....

have a great weekend....Iam already in Saturday morning....lol

kiwi
  • #1,168
  • Apr 30, 2010 3:09pm Apr 30, 2010 3:09pm
Quoting kon5t
what happens if you have 4 losers in a row?

what happens if you have 10 losers in the first month?
Answer

4 losers in a row:I have 65,6% of my balance (lost 34,4%)

10 losers first month:say we win, lose, win....lose 10 times, win 11 times:I have 41,1% (lost58,9%)

Elovv
  • #1,169
  • Apr 30, 2010 3:17pm Apr 30, 2010 3:17pm
Quoting Elovv
If You win 14% today You have to big lotsize. I risk 10% and win 1,5% today.
You must risk 100%. One loosing trade and You wipe Your account.

Best wishes
Elovv

my lot size was 0.1....and i used default settings.
Actually i tested it on 2 pairs at the same time...gbpjpy and gbpusd..total 4 trades....
  • #1,170
  • Apr 30, 2010 3:20pm Apr 30, 2010 3:20pm
Quoting mary4x
A while back Geoff mentioned the vsr he's using (I think it was $75). Is anyone using another vsr to trade this EA that they're happy with?
I am using commercialnetworkservices,com for a year and i am happy with them.
  • #1,171
  • Apr 30, 2010 3:22pm Apr 30, 2010 3:22pm
Quoting shiva
Blimey! this must be magic! How in God's name did the EA work when your PC was shut down?

Guide me if im wrong
Before i off my pc i activate the EA icon in my toolbar.....
Is my pc need to be in 'on' mode all the time???
  • #1,172
  • Apr 30, 2010 3:35pm Apr 30, 2010 3:35pm
Quoting sellog
Guide me if im wrong
Before i off my pc i activate the EA icon in my toolbar.....
Is my pc need to be in 'on' mode all the time???
Yes, your PC must remain on during trading hours for the EA to open, monitor, and close trades for you. Since the markets are now closed, you can turn your PC and activate the EA on Monday a little before the NYC close.
  • #1,173
  • Apr 30, 2010 4:06pm Apr 30, 2010 4:06pm
Quoting calstock
Geoff

Firstly thanks for all your hard work,...
Excellent post and thank you for your kind words!

I really need to take S&R into consideration and get that darned SL down to a reasonable level.

Best Wishes
Geoff
  • #1,174
  • Apr 30, 2010 4:10pm Apr 30, 2010 4:10pm
Quoting BlueMental
Just thought I would mention, the EA's do not work on some brokers Mt4's.

My FXCM Mt4 gives no response, (no errors, no trades), while GoMarkets Australia works Fine.

Both accept the allocated lot size and both are 5 digit. Why the one works and the other not, I have no idea.

I did a backtest

GBPUSD 1 Hour(H1) 2000.10.26 to 2010.04.26
Every tick, drew data from M1
With 0.1 Lots and Money Manegement set to true.

It held more or less till 2008 (where most EA's Drop for obvious reasons) then did well from 2009.02.01 till current time.

Total gain...
Your chart shows 56% modelling quality which is no where good enough to be considered, you need a minimum of 90% and preferably 99% before the results can be considered.
  • #1,175
  • Apr 30, 2010 4:20pm Apr 30, 2010 4:20pm
Quoting kellera6
Yes, your PC must remain on during trading hours for the EA to open, monitor, and close trades for you. Since the markets are now closed, you can turn your PC and activate the EA on Monday a little before the NYC close.
I would just like to add to your post that I will be switching my computer on when the market reopens on Sunday night a couple of hours before the Tokyo market opens.

Yes you are correct, the pc must be switched on for the entire time that the trade is open and, during this time you pc must not be allowed to hybernate or restart for Micros**t upgrades or anything else that will interfere with the normal operation of MT4.

Did I cover everything!
  • #1,176
  • Apr 30, 2010 4:57pm Apr 30, 2010 4:57pm
Hi Geoff, 1st off great job on the EA, we really appreciate your hard work.

I just was wondering if there is a way to get the EA to make only 1 trade rather than 2?



thanks again!!
  • #1,177
  • Apr 30, 2010 5:22pm Apr 30, 2010 5:22pm
How about simply setting "TakeProfit2" to zero rather than 44? Wouldn't that effectively allow for only one trade rather than two?
If nothing changes, nothing will change...
  • #1,178
  • Apr 30, 2010 5:45pm Apr 30, 2010 5:45pm
nope that didn't work, changed takeprofit2 to ZERO and it still opened a trade.
  • #1,179
  • Apr 30, 2010 6:27pm Apr 30, 2010 6:27pm
Quoting pcguy007
nope that didn't work, changed takeprofit2 to ZERO and it still opened a trade.
Oops, my programming ignorance is showing...

I think that would be a welcome option as well, but have no clue about the
difficulty or ease of programming that.
If nothing changes, nothing will change...
  • #1,180
  • Apr 30, 2010 7:56pm Apr 30, 2010 7:56pm
I tested the EA with three different brokers (demo) during this week.

1) FXCM
2) Forex.com
3) IBFX

On mt4spreads.com I saw that IBFX has always the worst spread (4 pips during Asian session) whereas Forex.com and FXCM have 3 pips.
Nevertheless I am ALWAYS getting the best results with IBFX when the trade is a winning trade.

However yesterday I observed when the trade goes in the wrong direction (e.g. at the beginning of the trade) then the smallest loss is at FXCM, and the biggest loss at IBFX. But as soon as the trade gets positive then IBFX has the best results.
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