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Simple H1 GBPUSD EA

  • #1,281
  • May 2, 2010 8:26pm May 2, 2010 8:26pm
Quoting Haishang
Hi Tinorio,

thanks for showing interest to help to improve this EURUSD. It is derived from Geoffs GBPUSD v5a and I optimized the setting after maximum profit. That means:

start time 0
GMT offset 0
ema 20
S/L 65
t/p 28
t/p2 46
tl s/l 28

Today however it did not create any trades when I started to testrun it on Alpari uk demo version. Attached plse find the files to donwload. Thanks again for showing interest into this.

You're using Alpari Uk, dont I have to input the targets sl/tp/tp2/tl like 650/280)460/280???
  • #1,282
  • May 2, 2010 8:26pm May 2, 2010 8:26pm
Quoting camvcvoo


Do you think you can do for V6 as well?
Hi Victor,

i am not using v6 because I think it did not improve the trading strategy itself but only imrpoves the odd issue about timing which I do not have so far.

Ultimately I have to switch it over but will wait until Geoff is really happy with v6. Let's wait for the guru to come in and see what he suggests.....
  • #1,283
  • May 2, 2010 8:32pm May 2, 2010 8:32pm
I am running V 4, 5 and V6 on an IBFX demo and no trades yet?

Can you share set file?

Thanks

Wayne


Quoting sashasan
WOW! I got a third order opened!! (still in profit)
is it a new strategy addition?
  • #1,284
  • May 2, 2010 8:51pm May 2, 2010 8:51pm
hi,
Today i tested on gbpjpy,gbpusd,eurjpy when Japanese market open.........

The EA managed to open two tradings at gbpusd and gained $14........yeahhhh......

Gbpjpy n EuroJpy still no trading...............??.

Anyone out there got same results as mine???
  • #1,285
  • May 2, 2010 9:48pm May 2, 2010 9:48pm
Quoting SkyzerFX
Ok, Another Test 2.5 month Data/ $1 a pip.

Will stick to those settings next week.. Looking good to me:

P.S Geo, when GMT_Offset is 0 when EA start taking a trades

what GMT time? Thanks
Good morning Skyzer FX.

I just ran a report for initial settings in v5a on Alpari demo account from 1st of Feb till 29th of April, which gives 1045 USD profit on 10k lot sizes but with risk precentage of 3% versus your risk percentage of 10.

Doesn't this mean that you have to take a lot more risk to achieve your profit?


Bars in test 2311
Ticks modelled 2509663
Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 500.00
Total net profit 1044.47
Gross profit 1604.47
Gross loss -560.00
Profit factor 2.87
Expected payoff 13.74
Absolute drawdown 55.80
Maximal drawdown 503.70 (53.14%)
Relative drawdown 53.14% (503.70)
Total trades 76
Short positions (won %) 36 (100.00%)
Long positions (won %) 40 (90.00%)
Profit trades (% of total) 72 (94.74%)
Loss trades (% of total) 4 (5.26%)
Largest
profit trade 49.00
loss trade -140.00
Average
profit trade 22.28
loss trade -140.00
Maximum
consecutive wins (profit in money) 38 (909.09)
consecutive losses (loss in money) 2 (-280.00)
Maximal
consecutive profit (count of wins) 909.09 (38)
consecutive loss (count of losses) -280.00 (2)
Average
consecutive wins 24
consecutive losses 2
  • #1,286
  • May 2, 2010 10:03pm May 2, 2010 10:03pm
EA has closed for profits of $23 Trade 1 and $50 Trade 2, and it's 4 hours into the Asian session. Does EA open new trades if setups are right? (Okay, I'm greedy...)
  • #1,287
  • May 2, 2010 10:33pm May 2, 2010 10:33pm
I was introduced to a very good EA, invites you to view and give comments

http://buonvangvn.mt4live.com
  • #1,288
  • May 3, 2010 12:43am May 3, 2010 12:43am
Quoting mary4x
EA has closed for profits of $23 Trade 1 and $50 Trade 2, and it's 4 hours into the Asian session. Does EA open new trades if setups are right? (Okay, I'm greedy...)
best read the first post, it outlines the strategy!
  • #1,289
  • May 3, 2010 1:02am May 3, 2010 1:02am
Quoting Orcinus
You're using Alpari Uk, dont I have to input the targets sl/tp/tp2/tl like 650/280)460/280???
Hi Orcinus,
the ea should work for 4 and 5 digit brokers. But as I don't know your broker I would suggest you let it test trun to find out.
  • #1,290
  • May 3, 2010 1:12am May 3, 2010 1:12am
Good morning!

I overslept this morning, well it is a holiday!

Awoke to find 73 pips profit in both demo and live accounts!

Quoting mary4x
EA has closed for profits of $23 Trade 1 and $50 Trade 2, and it's 4 hours into the Asian session. Does EA open new trades if setups are right? (Okay, I'm greedy...)
Sorry mary4x, the EA only works once!
  • #1,291
  • May 3, 2010 1:17am May 3, 2010 1:17am
Quoting Orcinus
You're using Alpari Uk, dont I have to input the targets sl/tp/tp2/tl like 650/280)460/280???
Hi Orcinus

The EA compensates for 4 or 5 digits, so you just enter TP 65 and if you are using a 5 digit broker the EA will add the extra zero for you!
  • #1,292
  • May 3, 2010 1:21am May 3, 2010 1:21am
Quoting sellog
hi,
Today i tested on gbpjpy,gbpusd,eurjpy when Japanese market open.........

The EA managed to open two tradings at gbpusd and gained $14........yeahhhh......

Gbpjpy n EuroJpy still no trading...............??.

Anyone out there got same results as mine???
Hi sellog

The EA is very unlikely to get good results on Yen pairs especially on GBPJPY (the beast), maybe with different start times and settings it could be made to work but for now we concentrate on GBPUSD!
  • #1,293
  • May 3, 2010 1:26am May 3, 2010 1:26am
Quoting Haishang
Tinorio,

of course you have permission for modification from me. Geoff is the original author but I am sure that he is ok with it too. I changed the entire parameters but he wrote the original GBPUSD v5a....so all credit has to go to him.

The ultimate goal is to test it for London and New York open especially and then to insert fx options vol indicator to get the scope from the options market. I will send a vol matrix asap......
Hi Haishang and Tinorio

Great work with GBP and EURO and of course anyone can modify the code, this is why I post the .mq4 file so it can be changed!
  • #1,294
  • May 3, 2010 1:33am May 3, 2010 1:33am
Good morning Geoff,

here are the updated GBP/USD vols for the start of the european session...
Attached File(s)
File Type: xls GBPUSD vols 030510.xls   28 KB | 355 downloads
  • #1,295
  • May 3, 2010 1:38am May 3, 2010 1:38am
and of course congrats to the more than wellearned voucher!
  • #1,296
  • May 3, 2010 1:38am May 3, 2010 1:38am
Quoting Haishang
Good morning Geoff,

here are the updated GBP/USD vols for the start of the european session...
Good morning Roman

You have been busy this weekend!

Many thanks for posting your results I will be trying your settings on a different broker this week to see if I can match your results!
  • #1,297
  • May 3, 2010 1:42am May 3, 2010 1:42am
Quoting geoffb65
Good morning Roman

You have been busy this weekend!

Many thanks for posting your results I will be trying your settings on a different broker this week to see if I can match your results!

Do you agree with me that Skyzer FX uses a more risky setup but does not earn more money than in the original one? He did not come back to me any more regarding this discussion!

Would you agree that the best setup is the following:

GBP/USD
ema 10
s/l 140
GMT 0
GMT offset 1
tp1 22
tp2 49
tl s/l 22

and for EUR/USD

ema20
s/l65
GMT 0
GMT offset 0
tp1 28
tp2 46
tl s/l 28

and I still did not test this on v6 but on the old v5a which I think should not make any difference. Do you agree ?
  • #1,298
  • May 3, 2010 2:14am May 3, 2010 2:14am
Quoting Haishang
Pretty amazing test results for this baby, don't you think?

Bars in test...
Haishang,
This is tremenous. I'd like to give this a go.
Great work.
s
  • #1,299
  • May 3, 2010 2:31am May 3, 2010 2:31am
Quoting sanyhuis
Haishang,
This is tremenous. I'd like to give this a go.
Great work.
s
thanks a lot Sandra for the flowers......

I right now let some tests run how we can use it best...Tokyo, european or US opening......let's see
and btw....the live version test on alpari seem to give better results as the demo...I am testing on a classic 1 account and the gbpusd v5a gives a net profit of 1227 usd versus 1123 which I don't understand. The life version should be worse than the demo because of wider spreads. Need to do more testing....I will be the testmonster when we are finished here......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geoffb65 simple h1 gbpusd v1 life.gif Size: 6 KB
Click to Enlarge Name: geoffb65 simple h1 gbpusd v1.gif Size: 6 KB
  • #1,300
  • May 3, 2010 2:39am May 3, 2010 2:39am
Quoting Haishang
Do you agree with me that Skyzer FX uses a more risky setup but does not earn more money than in the original one? He did not come back to me any more regarding this discussion!

Would you agree that the best setup is the following:

GBP/USD
ema 10
s/l 140
GMT 0
GMT offset 1
tp1 22
tp2 49
tl s/l 22

and for EUR/USD

ema20
s/l65
GMT 0
GMT offset 0
tp1 28
tp2 46
tl s/l 28

and I still did not test this on v6 but on the old v5a which I think should not make any difference. Do you agree ?
Hi Roman

Yes, V5a is no different to v6 in how the trade is determined, the only difference is the multiple retries on the order in case of re-quotes in v6.

Until I have chance to test the different models I can't really judge which is the better, I certainly don't want to discourage anyone who is prepared to do this essential testing work.

Who knows, between us we may find the perfect setup, I know from my own experience with EA's there can be several performance peaks in optimisation curves and it would not be the first time that I have stumbled upon an idea that turns out to be far better than anything I have found before!

Everyone has a different perspective, aims and risk tollerance so, in my opinion, it is best not to make any judgement until all results are in.

Would you agree?

Geoff

P.S.
SkyzerFX is probably asleep at the moment.
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