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Simple H1 GBPUSD EA

  • #1,221
  • May 2, 2010 8:15am May 2, 2010 8:15am
Testing 6.0 Version. Geo, What is the exact meaning of

GMT_Offset? It was more clear in previous version to just set the

start time for the Asia open, 2 hours after NY close.. Anyways I assuming

if my broker has GMT time then Value should be 0


Ok, here is the thing.. When 2 orders open with Different targets

TP 22 and tp 49 SL for both of them still the same 140 SL by default..

By the way I change it to 79, and it has same effect, means better lose

79 pips than 140, but My idea would be to try this..

Open 2 orders than have 2 stop losses as well

1) TP 22 SL 39
2) TP 49 SL 79

Well, let me run few tests here..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,222
  • May 2, 2010 8:21am May 2, 2010 8:21am
Quoting geoffb65
Hi Roman
I particularly like the SL 65 that is very good!

I think I will check it out tomorrow when spreads are back to normal and the market should be very quiet with the UK bank holiday!

Testing is, of course, ongoing and it is a great relief to find other people helping out with this, your results are extremely good and are definitely a step in the right direction.

I have been looking at the possibility of using RSI instead of SMA for the trend, RSI can give an earlier warning of a trend reversal and so far it looks promising,...

You may want to go through the following post is you want to use RSI in your EA:

http://www.forexfactory.com/showpost...postcount=6604

Hope it helps.

Cheers.
福 子 Victor V
  • #1,223
  • May 2, 2010 8:44am May 2, 2010 8:44am
Geoff, really appreciate your contibutions with this trading strategy. It looks very promising. Here is some detail on the GMT offsets for FXCM which I got off their UK website.
"

  1. What is the GMT offset for FXCM?
    There are currently two different technology providers for MT4.
    If the icon on your desktop says FXCM Trader 4, your GMT offset is -4.
    If the icon on your desktop says FXCM MT4 powered by BT, your GMT offset is +1 "

I'm not sure if you can program this in or not.

  • #1,224
  • May 2, 2010 9:20am May 2, 2010 9:20am
Quoting SkyzerFX
Testing 6.0 Version. Geo, What is the exact meaning of

GMT_Offset? It was more clear in previous version to just set the

start time for the Asia open, 2 hours after NY close.. Anyways I assuming

if my broker has GMT time then Value should be 0


Ok, here is the thing.. When 2 orders open with Different targets

TP 22 and tp 49 SL for both of them still the same 140 SL by default..

By the way I change it to 79, and it has same effect, means better lose

79 pips than 140, but My idea would be to try this..

Open 2 orders than have 2 stop losses...
You are correct it is the Broker time - GMT time, in your example if your broker uses GMT the value is 0.

Currently every order that is open will have SL 140!

Wow, if your example checks out it will be fantastic!
  • #1,225
  • May 2, 2010 9:35am May 2, 2010 9:35am
Quoting camvcvoo
You may want to go through the following post is you want to use RSI in your EA:

http://www.forexfactory.com/showpost...postcount=6604

Hope it helps.

Cheers.
Oh yes!

This is exactly the sort of "in depth" information I need, thank you!
  • #1,226
  • May 2, 2010 9:41am May 2, 2010 9:41am
Quoting kellera6
Geoff, really appreciate your contibutions with this trading strategy. It looks very promising. Here is some detail on the GMT offsets for FXCM which I got off their UK website.
"

  1. What is the GMT offset for FXCM?
    There are currently two different technology providers for MT4.
    If the icon on your desktop says FXCM Trader 4, your GMT offset is -4.
    If the icon on your desktop says FXCM MT4 powered by BT, your GMT offset is +1 "

I'm not sure if you can program this in or not.

... just added your record to the main database, so we can use it!
Attached Images
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File Type: mq4 TimeZonesConverter.mq4   7 KB | 292 downloads
  • #1,227
  • Edited 11:01am May 2, 2010 10:40am | Edited 11:01am
After running several tests with different settings on the same Time Period.

Here is the best I can squeeze from EA data (on IBFX) showing since

Feb 1 2010 till April 30 2010. Pay attention MA 17 and SL 79

Now adding 3 more month.. Test still running..
Attached Image (click to enlarge)
Click to Enlarge Name: Simple_H1_Test_2.jpg Size: 110 KB
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  • #1,228
  • May 2, 2010 12:00pm May 2, 2010 12:00pm
Hello geof they are Italian, it appeals to your job to me, you would quote mail all valid the last EAS? Thanks and excuse for my English

All the EA ..... v2, v3, v4, v5, v5a, v6. You can mail the last ones dawned?
Ciao you are super.


Quoting geoffb65
Hi Roman
I particularly like the SL 65 that is very good!

I think I will check it out tomorrow when spreads are back to normal and the market should be very quiet with the UK bank holiday!

Testing is, of course, ongoing and it is a great relief to find other people helping out with this, your results are extremely good and are definitely a step in the right direction.

I have been looking at the possibility of using RSI instead of SMA for the trend, RSI can give an earlier warning of a trend reversal and so far it looks promising,...
  • #1,229
  • Edited 12:51pm May 2, 2010 12:35pm | Edited 12:51pm
Quoting geoffb65
The only difference is that v6 is unlikely to miss a trade if a re-quote is required whereas, sometimes v5a misses the second order.

You and Sandra are two good mates and I don't want you to take risks!

But I suppose, a few cents won't hurt too much!
You can say the nicest things!
Thanks so much. I'm glad you all spoke up. Otherwise I'd be sitting with my nothing and you'd both have a bucket full.
  • #1,230
  • May 2, 2010 12:49pm May 2, 2010 12:49pm
Quoting SkyzerFX
After running several tests with different settings on the same Time Period.

Here is the best I can squeeze from EA data (on IBFX) showing since

Feb 1 2010 till April 30 2010. Pay attention MA 17 and SL 79

Now adding 3 more month.. Test still running..
Looks good, $1000 profit in 3 months and only 2.8% draw down!

Is that 1.0 lot size?
  • #1,231
  • May 2, 2010 12:51pm May 2, 2010 12:51pm
Quoting sanyhuis
You can say the nicest things!
Thanks so much. I'm glad you all spoke up. Otherwise I'd be sitting with my nothing and you'd have a bucket full.
Hi Sandra

Did you decide to trade then and what do you think of the test results that SkyzerFX is getting in his back tests?
  • #1,232
  • Edited 1:41pm May 2, 2010 1:09pm | Edited 1:41pm
Quoting geoffb65
Hi Sandra

Did you decide to trade then and what do you think of the test results that SkyzerFX is getting in his back tests?
They're great SkyzerFX. Just what we were looking for all this time. Maybe the problem is solved.

Yes, I will put my pennies in the pot tomorrow. Elovv was so good.
By the way, it's Sir Geoff now, isn't it?!
  • #1,233
  • May 2, 2010 1:46pm May 2, 2010 1:46pm
Quoting sanyhuis
They're great SkyzerFX. Just what we were looking for all this time. Maybe the problem is solved.

Yes, I will put my pennies in the pot tomorrow. Elovv was so good.
By the way, it's Sir Geoff now, isn't it?!
Yes, I have a voucher now thanks to SkyzerFX, so it is sir!

But you and all my mates on this thread can call me Geoff!
  • #1,234
  • May 2, 2010 1:52pm May 2, 2010 1:52pm
first of all congratulations with making such an awesome EA trading program as well as the testers and the other people develop it.

after checking your source code for like the whole day i had some beginner questions if you dont mind.

the whole time i was not getting any sales or buys. i checked the error messages in the journal and i saw i had this error.

2010.05.02 20:37:342010.01.15 01:00 Simple_H1_GBUSD_EAv6 GBPUSD,H1: Buy OrderSend 2 failed with error #0

after 2 hours i found out the problem. it had to do with lotsize. when i use the default lot size of 0.02 it wont work with Ikon royal trader. ( metatrader 4 )

however if i changed the lotsize to 0.5 or to 1 your Ea script worked.

why is it that , if i change the lot size the program works. but it wont work with 0.02 or smaller lots?

second i saw you using kernel32.dll for time references. why did you use kernel32.dll for it?

also if you use any external DLL programs does metatrader automaticly use them from windows? or do i need to put any DLL files into libaries?

thanks in advance and good luck . hopefully some time down the road i am able to program such awesome EA myself. but i can never do that without learning .

so thanks again for sharing the source code with us.
  • #1,235
  • May 2, 2010 1:53pm May 2, 2010 1:53pm
Quoting geoffb65
Yes, I have a voucher now thanks to SkyzerFX, so it is sir!

But you and all my mates on this thread can call me Geoff!
Humility. I like that. You wear it well.

Looking forward to tomorrow.
  • #1,236
  • May 2, 2010 2:09pm May 2, 2010 2:09pm
I would just like to say that I have been a longtime lurker and I must say this should be a model thread and required reading for all new members. Not because you might have a very simple and profit making EA, but because this thread shows the good side of FF. Taking an idea and having multiple members work and help each other in a civil enviroment to make it work. A breath of fresh air, thank you and good luck.
Look Sharp/Trade Tight
  • #1,237
  • May 2, 2010 2:23pm May 2, 2010 2:23pm
Quoting geoffb65
Looks good, $1000 profit in 3 months and only 2.8% draw down!

Is that 1.0 lot size?
It is good, sure! And that's 1.0 mini lot, which is $10000 position

or 0.10 of regular $100k lot..
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  • #1,238
  • May 2, 2010 2:28pm May 2, 2010 2:28pm
Quoting SkyzerFX
It is good, sure! And that's 1.0 mini lot, which is $10000 position

or 0.10 of regular $100k lot..
Phew!

At $1 a pip, that is fantastic!
  • #1,239
  • May 2, 2010 2:32pm May 2, 2010 2:32pm
Has anyone looked using ATR to set the stop loss and maybe the TP? I think 3 x ATR(10) is a good value, if it gets hit I think you can assume the trend has been reversed.
  • #1,240
  • May 2, 2010 2:35pm May 2, 2010 2:35pm
Quoting calstock
We all have the first TP set at 22/25 or there abouts.....but I thought how I establish the second or in my case 3 and 4 lots..

Look at yesterday....
Calstock,
I appreciate this one so much. Thank you. Perfect for me.
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