Simple H1 GBPUSD EA

OK

Looks like need to reload EA. Maybe try V6.

Everybody else is having long order and my live account is having short order.

thanks for the strategy gb65 and other contributors.

backtested v6 ok and have 2 demo forward tests running... forex.com no trade today, but fxpro 2 longs... now 10 pips in the black.

hi gud morning,

Today EA go for Buy for Gbpusd.......n sell for eurjpy.......

lets wait n see......
so far gbpusd positive results......hope evrything ok....

Why is the GbpUsd dropping like a rock right now!?

Down 50 pips in a heartbeat!

well the EUR dropped yesterday because noone really buys into the Greece rescue....GBP was on bankholiday and is catching up on the stonger USD move.....allthough they are not in the EUR it will cost a heck of a money, this pseudo rescue, even for the UK

My short was out at +22 and +7

My lucky day?

I am no program, but one reason for missed trades may be the type of broker people are using. For example on a market execution trade with a ENC or Pass Through broker you cannot enter the stop loss or take profit when making the initial trade. I added the following code to modify the trade after it is placed.

OrderSend(Symbol(),OP_BUY,dLots,Ask,5,0,0,"H1 GBP Buy1",iMagicNumber,0,Blue);
int pos_buy3=0;
for (int i_op_buy3=OrdersTotal()-1; i_op_buy3>=0; i_op_buy3--)
{
if (!OrderSelect(i_op_buy3,SELECT_BY_POS,MODE_TRADES)) break;
if (Symbol()==OrderSymbol()
&&OrderMagicNumber()==iMagicNumber
&&(OrderType()==OP_BUY))
{
OrderModify(OrderTicket(),OrderOpenPrice(),Ask-StopLoss*Poin,Ask+TakeProfit1*Poin,0,Blue);
}
}

OrderSend(Symbol(),OP_BUY,dLots,Ask,5,0,0,"H1 GBP Buy2",iMagicNumber,0,Blue);
int pos_buy4=0;
for (int i_op_buy4=OrdersTotal()-1; i_op_buy4>=0; i_op_buy4--)
{
if (!OrderSelect(i_op_buy4,SELECT_BY_POS,MODE_TRADES)) break;
if (Symbol()==OrderSymbol()
&&OrderMagicNumber()==iMagicNumber
&&(OrderType()==OP_BUY))
{
OrderModify(OrderTicket(),OrderOpenPrice(),Ask-StopLoss*Poin,Ask+TakeProfit2*Poin,0,Blue);
}
}

This was on V5. On version 6 when the Hide Targets is True you do not need to use the modified code, however if Hide Targets is False you do.

You can tell if your broker allows TP/SL by looking at those fields, if they are available, lit up, you do not have a ENC or Pass Through broker.

hahaha, I love that!!! You don't need to understand, just be happy that your ea screwed it up today!!!

I was just wondering why the sudden drop at this time. I'm aware of the fundamentals regarding Greece and the Euro, etc.

If I'm reading my clocks right, it looks like maybe some big Asian bank may have sold the GBP even before the open of the Frankfurt market and London doesn't open for another 30+ minutes. But I may be reading it wrong.

Just wondering...

I am happy.

However, profits today not enough to cover the wrongdoing of the EA for yesterday. Anyway, there's always tomorrow to look forward to.

It is a bit early but some wanted for sure to make up for the lost day yesterday and came in a bit earlier....Ldn FX traders usually get in around 7 in the morning so do Fft guys...so you can expect a bit of move after such a weekend a bit earlier, don't you?

v5 didn't open any trade, v6 opened two longs. I'm a bit worried since cable is dropping so hard. Does the EA have any hidden stoploss at least?

again an update from the fx options front:

In the attached xls plse find the following data:

A1 to C7 the data range spot to 1 year

A13 to F18 implied vols yesterday Ldn start for main pillars

A24 to F29 implied vols this morning

H24 to M29 the change in implied vols from yesterday

H24 to M29 shows that market expects higher short term unscewed volatility, means it does not prefer any direction. This does not help much in a way that we could see a trend in a direction, but however it helps to see that an increased volatility because of elections and BOE meetings is assumed.

question: How can we implement this data into an additional indicator and does this make sense?

I got two longs 1.52467 on Alpari demo uk v5a, I don't use v6 but you should see it in the trade journal, Emanuele

Same positions opened by v6, though v5 didn't do anything.

but stoch indicating oversold nw......may be after awhile the price may go up

hmmm, that sounds strange!!

Do you see your s/l at least then in v6?

Iam getting a bit concerned with some of the comments, I assume from people with limited forex knowledge, even though you are using a EA and in this case it has a high win ratio, you still need to have a basic understanding of charts/indicators...

today the EA opened long positions right on resistance/support at 1.5247 now the up side was allways going to be a tight due to the daily pivot sitting just above at 1.5259..
And the down side was always going to be strong when it brook the support at 1.5247...

The down targets are..1.5233 ( already hit) and the next will be 1.5176...

Please guys learn the basic, it will help you getting caught with a bad trade.

So far I know v6 has hidden stoploss. Crap cable is collapsing. I think the EA opened wrong positions this time. :

break fib 23.6