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Simple H1 GBPUSD EA

  • #1,441
  • May 4, 2010 4:45am May 4, 2010 4:45am
Quoting Elovv
Thankyou

Than I guess in a flat market maybee the conditions are not met. Maybee its possible to see fractals value if I drag them to my chart and see when tradingconditions are met.
I have to test.

Best wishes
Elovv
Maybe we need to look at a minimum distance between the SMA's at 21:00 and 22:00 GMT and see if this would reduce the number of losing days in back testing.

I will look back at the previous flat entry conditions and see if I can establish a pattern that we can use in the EA.
  • #1,442
  • May 4, 2010 4:48am May 4, 2010 4:48am
Quoting Emanuele
I don't know geoff. I'm not an experienced trader, but so far I could see GBPUSD is a bouncing pair which means those trades could turn positive in the next hours. I'm leaving the trades open and see what happens. I was thinking to hedging to prevent my account to be busted.

My only concern is about the stoploss, which is zero in both longs.

I fired both v5 and v6 on Alpari UK to see differences, infact v5 didn't open any trade which is correct in my opinion since it's ranging. V6 opened two longs which are negative by now. I hope it will turn...
On the M5 chart it looks like we have had 3 down waves, let's hope this reversal continues now!

Geoff
  • #1,443
  • May 4, 2010 4:57am May 4, 2010 4:57am
I drag Fractals to my chart and market 5 and 15 mins. Am I supposet to see fractals on my chart windows. I dont see them. Havent used fractals before.

Can I mark all timeframes and put them on a 15 and 5 min chart?
What is the best way to use them?

Elovv
  • #1,444
  • May 4, 2010 5:00am May 4, 2010 5:00am
Quoting geoffb65
On the M5 chart it looks like we have had 3 down waves, let's hope this reversal continues now!

Geoff
If the euro were not so weak cable would go up much faster. It will take a bit, let's hope.

By the way, do NOT follow my advice. I'm a crappy trader and the reason I'm goofing with EAs is because I feel more confortable to correct other trades than those I open myself.
  • #1,445
  • May 4, 2010 5:07am May 4, 2010 5:07am
Quoting geoffb65
Maybe we need to look at a minimum distance between the SMA's at 21:00 and 22:00 GMT and see if this would reduce the number of losing days in back testing.

I will look back at the previous flat entry conditions and see if I can establish a pattern that we can use in the EA.
ensuring the EA only trades if the 200SMA is in agreement would be a "simple" way to reduce the losers
TRADE FOR SWAP
  • #1,446
  • May 4, 2010 5:10am May 4, 2010 5:10am
I will do a test for see if IBFX take trades.

EA default, start time GMT 11.00 (round 50 min.

Fractals on 15 min and 5 min chart, default settings.

Let see if it trades.

Elovv
  • #1,447
  • May 4, 2010 5:11am May 4, 2010 5:11am
Quoting Elovv
I drag Fractals to my chart and market 5 and 15 mins. Am I supposet to see fractals on my chart windows. I dont see them. Havent used fractals before.

Can I mark all timeframes and put them on a 15 and 5 min chart?
What is the best way to use them?

Elovv
When you drag fractals on to your H1 chart you should see them but you can only see one time frame at once, if you switch to M15 or M5 the fractals will be seen but only for that time frame.

On the lower time frames you have to count the number of bars back from the 23:00 bar, it is a pain!
  • #1,448
  • May 4, 2010 5:13am May 4, 2010 5:13am
Quoting Elovv
I will do a test for see if IBFX take trades.

EA default, start time GMT 11.00 (round 50 min.

Fractals on 15 min and 5 min chart, default settings.

Let see if it trades.

Elovv
It makes no difference if the fractals are shown on your chart or not, the EA still gets the fractal information from the indicator.
  • #1,449
  • May 4, 2010 5:15am May 4, 2010 5:15am
Quoting cgldsmth
ensuring the EA only trades if the 200SMA is in agreement would be a "simple" way to reduce the losers
Do you mean the slope of the 200 SMA?
  • #1,450
  • May 4, 2010 5:18am May 4, 2010 5:18am
Quoting geoffb65
It makes no difference if the fractals are shown on your chart or not, the EA still gets the fractal information from the indicator.
But whith fractals on 5 and 15 min chart I can see if EA works on my IBFX mt4.
  • #1,451
  • May 4, 2010 5:25am May 4, 2010 5:25am
Quoting Elovv
But whith fractals on 5 and 15 min chart I can see if EA works on my IBFX mt4.
Yes of course, what I am saying is the the EA gets the fractal data whether the fractals are shown or not!
  • #1,452
  • May 4, 2010 5:37am May 4, 2010 5:37am
set to close, is it correct?

Elovv
  • #1,453
  • May 4, 2010 5:40am May 4, 2010 5:40am
Quoting Elovv
set to close, is it correct?

Elovv
Yes, it set to close.
  • #1,454
  • May 4, 2010 5:53am May 4, 2010 5:53am
Now 10 mins before GMT 11.00, SMA10 is down between 9 and 10 candle and fractals 15 min down and fractals 5 min down.

If nothing change, is EA supposed to take a trade 11.00? (Ofcourse demo )

Elovv
  • #1,455
  • May 4, 2010 5:56am May 4, 2010 5:56am
Quoting Elovv
Now 10 mins before GMT 11.00, SMA10 is down between 9 and 10 candle and fractals 15 min down and fractals 5 min down.

If nothing change, is EA supposed to take a trade 11.00? (Ofcourse demo )

Elovv
The trade should start on the third M5 bar after the M5 fractal.
  • #1,456
  • May 4, 2010 6:02am May 4, 2010 6:02am
Quoting geoffb65
Do you mean the slope of the 200 SMA?
yes.

on the other hand you have shown this system is already profitable without tinkering with it.
TRADE FOR SWAP
  • #1,457
  • May 4, 2010 6:07am May 4, 2010 6:07am
Quoting yesbee1
Hi Geoff,
Sorry to bother you again.

Per the following document datetime values are represented as seconds elapsed since 01-01-1970.
http://docs.mql4.com/basis/types/datetime

Based on this for us to confirm that the most recent one is a down fractal (for up trend) shouldn't the logic be

LastDownFractalTime_H1 > LastUpFractalTime_H1.

Again thanks for your consideration and time.
Hi yesbee1

You were right and I was wrong!

It was late last night when I read your post and I did not look at the code, I assumed (stupid me) that we were looking at bar numbers whereas if I had looked at the code and paid more attention to your post I would have realised that we were looking at Time.

To get a long position you would expect me to look for the latest M15 fractal to be a down fractal but you have to wait 3 bars before a fractal is locked, by which time we could be well on the way to the next up fractal.

So I look for the last locked M15 up fractal then place the order on the next locked M5 down fractal, without waiting for the next M15 down fractal to lock.

I hope this makes sense!
  • #1,458
  • May 4, 2010 6:07am May 4, 2010 6:07am
Quoting geoffb65
The trade should start on the third M5 bar after the M5 fractal.
Thankyou so much fot teaching me. It fun to know exact how your EA works.

GMT11.05
SMA down
15 min fractal down
5 min fractal up

Do I wait for 5 min fractal pointing down and than on the third bar after that its supposed to trade?

Elovv
  • #1,459
  • May 4, 2010 6:12am May 4, 2010 6:12am
Quoting cgldsmth
yes.

on the other hand you have shown this system is already profitable without tinkering with it.
This is the problem!

I just tried adding a window around the SMA to stop trades during a flat entry to the start time and all it did, like everything else I have tried, was increase the number of losses.

However, I will try adding a 200 SMA slope filter because I think that is a good idea worth testing!
  • #1,460
  • May 4, 2010 6:25am May 4, 2010 6:25am
Quoting Elovv
Thankyou so much fot teaching me. It fun to know exact how your EA works.

GMT11.05
SMA down
15 min fractal down
5 min fractal up

Do I wait for 5 min fractal pointing down and than on the third bar after that its supposed to trade?

Elovv
Yes, you always have to wait for the 3rd bar for a fractal to lock!
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