Simple H1 GBPUSD EA | Page 75 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple 3 order GBPUSD EA 1,047 replies

Experiment with "Simple H1 GBPUSD EA" 4 replies

Simple 5m GBPUSD trade system 10 replies

Attachments: Simple H1 GBPUSD EA
Exit Attachments

Simple H1 GBPUSD EA

  • #1,481
  • May 4, 2010 9:13am May 4, 2010 9:13am
Geoff,

In addition to what the EA is doing now, can you (when you are free and feel like it) please consider adding the following feature to the current EA:

The EA will place 3 units (1 unit more than currently). The first and second unit will do what is told as of now. The third unit will have a hard TP. So, in summary:

1. First unit will close when reach +22 pips.
2. Second unit will trail at +22 pips till TP at +49 pips.
3. Third unit will set to breakeven with hard TP at +49 pips when reaches +22 pips. No trailing stop for the third unit.

I have seen many good trade wasted, like today, taken out early by trailing stop.

Personally, i think this will increase overall profitability. At the same time, increased risks as well. Well, what the hack, we are dealing with the largest and limitless casino on Earth.

I may be wrong, but would like to test this idea forward, live.

Please
福 子 Victor V
  • #1,482
  • May 4, 2010 9:18am May 4, 2010 9:18am
Quoting camvcvoo
OK

Looks like need to reload EA. Maybe try V6.

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

I had shorts on Eur/USD and GBP/USD
Attached Image (click to enlarge)
Click to Enlarge Name: simple3510.JPG Size: 38 KB
  • #1,483
  • May 4, 2010 9:19am May 4, 2010 9:19am
SL hit for both longs. V6 failed this time.
  • #1,484
  • May 4, 2010 9:20am May 4, 2010 9:20am
Stop @ 1.51075
-140pips x2
  • #1,485
  • May 4, 2010 9:29am May 4, 2010 9:29am
Seems difficult to get a trade on IBFX today.

New test gmt15.

Elovv
  • #1,486
  • May 4, 2010 9:29am May 4, 2010 9:29am
Quoting Taiyakixz
Stop @ 1.51075
-140pips x2
Well in fx we just have to accept the loses,in order to have overall wins.

We put today behinde us,and carry on 2morow.
  • #1,487
  • May 4, 2010 9:31am May 4, 2010 9:31am
Quoting Taiyakixz
Stop @ 1.51075
-140pips x2

my gbpusd also -140 pips but i managed to counter trade n earn 45 pips...hehehe
  • #1,488
  • May 4, 2010 9:38am May 4, 2010 9:38am
Quoting geoffb65
I had the SL set to 100 on that last chart, here it is with 140 default!

I am just running a test using only 200 SMA to see the difference and I think we may be able to have another try with the optimising tool on this!
I take my daily trades off the 100 SMA as most Banks use it i look for price action around there, when i put it on my charts it looked good, i glad someone beat me to it. when is the new EA arriving.
LOL no pressure Geoff.
  • #1,489
  • May 4, 2010 10:15am May 4, 2010 10:15am
it's just the most reliable and simple way of implementing the "trend is your friend" golden rule. well done.

when you backtest your last chart with MM on then it should really get interesting...

Quoting geoffb65
Oh boy!

I have tried so many filters and fixes all to no avail but thank you cgldsmth for suggesting a 200SMA test!

With this modification, last nights trade was not taken and a number of other trades have been rejected but the number of losing trades is drastically reduced!

I will also check it out on forex.com permanent GMT brokers.

Here is my 12 month chart using Alpari and full report attached!
TRADE FOR SWAP
  • #1,490
  • May 4, 2010 10:19am May 4, 2010 10:19am
Quoting cgldsmth
it's just the most reliable and simple way of implementing the "trend is your friend" golden rule. well done.
Thank you Mr "I AM ALWAYS WRONG", you was not wrong this time!
  • #1,491
  • May 4, 2010 10:27am May 4, 2010 10:27am
If start time is GMT23, do we wait for new fractals or is it enough that the last 15 and 5 mins fractal is in the same directions as SMA10?

Elovv
  • #1,492
  • May 4, 2010 10:44am May 4, 2010 10:44am
Quoting Elovv
If start time is GMT23, do we wait for new fractals or is it enough that the last 15 and 5 mins fractal is in the same directions as SMA10?

Elovv
It will use the latest fractal setup that sees, so the M15 fractal could be from before GMT23 but the M5 fractal would have to be after GMT23.
  • #1,493
  • May 4, 2010 10:51am May 4, 2010 10:51am
Quoting geoffb65
It will use the latest fractal setup that sees, so the M15 fractal could be from before GMT23 but the M5 fractal would have to be after GMT23.
Thanks

can m15 be long time before, say 22.00

5 min have to be after 23.00, is it the candle which mark fractal or the 3:e candle after fractal

Elovv (maybee I understand soon )
  • #1,494
  • May 4, 2010 11:15am May 4, 2010 11:15am
Quoting Elovv
Thanks

can m15 be long time before, say 22.00

5 min have to be after 23.00, is it the candle which mark fractal or the 3:e candle after fractal

Elovv (maybee I understand soon )
No the M15 fractal would be fairly close to 23GMT.

It is the low of the 3rd candle that forms the fractal.
  • #1,495
  • May 4, 2010 11:34am May 4, 2010 11:34am
Quoting Haishang
Good morning SkyzerFX (or for you good evening),

first of all let me thank you for your interest you take into this which I highly appreciate. Geoff knows about my experimenting but I bombard him with other things too, which I want to mention quickly here too.

1) the max drawdown which you mentioned is not easy to bring down (I attach a test for GBPUSD with the original settings from Geoff and the drawdown is above 40% too). Please see my settings in the previous post I sent to Sandra.

2) Original idea from me (coming from the fx options market)...
I'm not ignoring you with those good stats I ran it for 2010 and the success rate was 91%. I'm running it now for the last 6 months of 2009.
  • #1,496
  • May 4, 2010 11:42am May 4, 2010 11:42am
Quoting geoffb65
I had the SL set to 100 on that last chart, here it is with 140 default!

I am just running a test using only 200 SMA to see the difference and I think we may be able to have another try with the optimising tool on this!
That is awesome geoff!!!
  • #1,497
  • May 4, 2010 11:50am May 4, 2010 11:50am
Here are the best results that I have been able to get from the EA using the optimisation tool in the tester.

TP1 22, TP2 50, SL 140, TSL 22, fast_sma 10, slow_sma 197.

I have decided to post it as v7 as it is quite different from previous issues.

Using the optimizer the Slow SMA came out at 197, strange but true!
Attached Image (click to enlarge)
Click to Enlarge Name: SimpleV7.gif Size: 8 KB
Attached File(s)
File Type: zip SimpleV7.zip   54 KB | 317 downloads
File Type: ex4 SimpleH1_GBPUSD_EAv7.ex4   17 KB | 323 downloads
File Type: mq4 SimpleH1_GBPUSD_EAv7.mq4   19 KB | 455 downloads
  • #1,498
  • May 4, 2010 11:54am May 4, 2010 11:54am
Woot! Another toy to burn my money away...yeee
I'm keeping v5 and firing v7, v6 was a disaster today.
  • #1,499
  • May 4, 2010 12:00pm May 4, 2010 12:00pm
Quoting geoffb65
Here are the best results that I have been able to get from the EA using the optimisation tool in the tester.

TP1 22, TP2 50, SL 140, TSL 22, fast_sma 10, slow_sma 197.

I have decided to post it as v7 as it is quite different from previous issues.

Using the optimizer the Slow SMA came out at 197, strange but true!

Hello Geoffb65,

Thanks for all the help you have been giving us here. I apprecate it.
I have an idea that I would like us to try....., it is simple. Could you make an EA that always buys when candle closes above 62EMA and always sells when candle closes below 62 EMA. Exit of a trade is when candle closes on the opposite side of the EMA (a new trade is always entered when a trade closes). There could be an option of changing the moving average and setting a hard stop loss and a take profit.

I wait to hear from you.

Thanks.
  • #1,500
  • May 4, 2010 12:00pm May 4, 2010 12:00pm
SMA200 - not far off then!

would be nice to try out v7 on other pairs now.

Quoting geoffb65
Here are the best results that I have been able to get from the EA using the optimisation tool in the tester.

TP1 22, TP2 50, SL 140, TSL 22, fast_sma 10, slow_sma 197.

I have decided to post it as v7 as it is quite different from previous issues.

Using the optimizer the Slow SMA came out at 197, strange but true!
TRADE FOR SWAP
0 traders viewing now