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Simple H1 GBPUSD EA

  • #1,601
  • May 4, 2010 9:53pm May 4, 2010 9:53pm
Quoting inkuumba
Hey Guys,

If you modified the EA you need to rename it(_ ext). Giving it the same name will lead to confusion later.

Cheers,

Inkuumba
Hi all,

I have to mention that this EURUSD ea which I just posted never got ammended. So to say it is my first version but because it was derived from Geoffs GBPUSD v5a I attributed it with v5a...stupid me.....
  • #1,602
  • Edited 10:14pm May 4, 2010 10:00pm | Edited 10:14pm
Quoting fguru
Why false? I thought it's better to have Hide_Targets true
probly because since sl (tp as well) is applied to order, it's already on the broker's server and most likely would be executed correctly, at least i never got orders with take profit or stoploss missed or even went down to slippage. but if it's just calculated "on-the-fly", it probably could be miscalculated or something, at least with IBFX
  • #1,603
  • May 4, 2010 10:20pm May 4, 2010 10:20pm
Quote
Haishang
Quote
Hi calstock, EURJPY looks impressive. Have you tried EUR/USD as well? I optimized v5a and would be glad if I could have your opinion on this one. pls see attached.

Ok. I will have a look tomorrow....
  • #1,604
  • Edited 10:52pm May 4, 2010 10:24pm | Edited 10:52pm
Quote
kellera6
Quote
What settings are you using for EURJPY? thanks

Tp 1 22
Tp 2 35
Tsl 12

I also used money mangement , but thats not part of the setup....I just wanted to try it out...

But you have to make sure it starts on the 1.00 candle...

Version 7

And remember its only day 1...

Now I have been trading the EURJPY at the start of Toyko session for many years, and what you need to look for is the break of the 23.00 and 00.00 candles......

So start time has to be 1.00....and if it has not broken by the start of the 2.00 candle close the orders....

Now this EA just makes me lazy, because really its not that hard to set this trade up manually.....

If you cant take 60 to 100 pips a week from this one pair then I belive your doing something wrong....LOL..
  • #1,605
  • May 4, 2010 10:31pm May 4, 2010 10:31pm
Yesterday with Alpari UK loss trade, the other brokers no trade.
Today with Alpari UK no trade, the others profit trade.
What a wonderful broker!
  • #1,606
  • May 5, 2010 12:31am May 5, 2010 12:31am
alpari UK live closed 2 cable shorts at TP1 and TS last night. Not sure why others' haven't traded. I have GMT+1 set.
TRADE FOR SWAP
  • #1,607
  • May 5, 2010 12:37am May 5, 2010 12:37am
Quoting cgldsmth
alpari UK live closed 2 cable shorts at TP1 and TS last night. Not sure why others' haven't traded. I have GMT+1 set.
Well that explain it GMT+1.

The setting should be 23.00 GMT.and I did not have any trade with alpari eighter.
  • #1,608
  • May 5, 2010 12:50am May 5, 2010 12:50am
Quoting calstock
Tp 1 22
Tp 2 35
Tsl 12

I also used money mangement , but thats not part of the setup....I just wanted to try it out...

But you have to make sure it starts on the 1.00 candle...

Version 7

And remember its only day 1...

Now I have been trading the EURJPY at the start of Toyko session for many years, and what you need to look for is the break of the 23.00 and 00.00 candles......

So start time has to be 1.00....and if it has not broken by the start of the 2.00 candle close the orders....

Now this EA just makes me lazy, because really its...
Hi Calstock.

Thank you for the information on eurjpy,witch I'm intrested in,.

Can you tell us what sl should one use for this stategie please.

Thanks.
  • #1,609
  • May 5, 2010 12:57am May 5, 2010 12:57am
Good morning!

My v7 placed 2 trades on demo account but nothing on my live account!

I wish it had been the other way round!

The v4 demo account did not trade either.
  • #1,610
  • May 5, 2010 1:07am May 5, 2010 1:07am
v5 and v7 fired on Alpari Live Account didn't open any trade this night and I think both EAs did the right thing.
  • #1,611
  • May 5, 2010 1:07am May 5, 2010 1:07am
Quoting geoffb65
Good morning!


My v7 placed 2 trades on demo account but nothing on my live account!

I wish it had been the other way round!

The v4 demo account did not trade either.
Good morning Geoff.

I didn't get any trades on alpari eighter,but 2 shorts on forex.com,with positive resultes, Thank you.
  • #1,612
  • May 5, 2010 1:11am May 5, 2010 1:11am
Quoting Monty13
Good morning Geoff.

I didn't get any trades on alpari eighter,but 2 shorts on forex.com,with positive resules, Thank you.
This difference between brokers is a real pain!

It makes you wonder how much they are manipulating the data.
  • #1,613
  • May 5, 2010 1:39am May 5, 2010 1:39am
Quoting Haishang
apart from this trading I did a bit of testing v5 vs. v7 on Alpari uk live. Always first number for v5 second number v7


results for 2010:

total net profit: 1897 - 1142
total trades: 124 - 56
maximal drawdown: 304 - 247
loss trades: 18 - 0
consecutive losses: 4 - 0

statistical profitability is reduced by 40% against 0 probability to get a loss trade.....But again it's only statistics, right?
This one I posted earlier, using Alpari demo uk on v5a in GBP and my modified EURUSD v5a.

Geoff, do you have any explanation why people got so many different results last night? Can't be only different prices by brokers, but probably the entry was very very close......BTW, very good morning to you!
  • #1,614
  • May 5, 2010 1:51am May 5, 2010 1:51am
Quoting Haishang
This one I posted earlier, using Alpari demo uk on v5a in GBP and my modified EURUSD v5a.

Geoff, do you have any explanation why people got so many different results last night? Can't be only different prices by brokers, but probably the entry was very very close......BTW, very good morning to you!
I think that the difference is in the fractals, the SMA's are probably in agreement but smoothing applied by the brokers will make a difference to how and when fractals will be created.

We will probably see the effect of this when the price moves smoothly through the 23:00 GMT hour, it does rely on a small retracement in the M5 chart to create a high/low fractal, this is what triggers the trade.

Smoothing, applied by the broker, could have a big effect on how these fractals are created.
  • #1,615
  • May 5, 2010 2:03am May 5, 2010 2:03am
Godmorning

Tonight I studied what happens between GMT23-24

Alpari UK demo:2 orders 23.33 correct (wait for fractal5 to confirme)
sell 1.51322
order1:tp 01.00 1.51102 (low on that candle 1.51061)
order2:still open

IBFX demo:2 orders sell 23.35 correct (wait for fractal5 to confirme)
sell 1.5130
order1:tp 01.00 1.5108 (low on that candle 1.5105)
order2:still open

IBFX live:2 orders 23.40 (have to wait 5 min extra for fractal5 to confirme, depending on that the 5 min 23.15 candle is 1 point higher on demo than on live, why should IBFX do it lower on live)
sell 1.5126 (4 pip lower because of this 5 min)
both orders still open
low on 01.00 candle 1.5104 my tp 1.5104
Chart shows bid price, ask price low whas 1.5108 because of spread.

I think the little difference in prices makes difference. I dont think IBFX has manipulated something tonight.

If TP/SL reachs on IBFX Im trying to optimize the second SMA for IBFX

Regards
Elovv
  • #1,616
  • May 5, 2010 2:04am May 5, 2010 2:04am
Quoting Haishang
Hi all,

I have to mention that this EURUSD ea which I just posted never got ammended. So to say it is my first version but because it was derived from Geoffs GBPUSD v5a I attributed it with v5a...stupid me.....


Hi Guys,

I've just signed up to the forum so that I can aknowledge my appreciation for this informative thread and Geoff as the creator of this EA. I'm brand new to Forex. Heard about it 3 weeks ago. Been using Demo's for 2 weeks and started live yesterday on GBPUSD and EURUSD.

Using your EA's I've had nothing but success with my accounts. Using IamFx demo (close spreads, ECN) and PFGBest (ECN) for demo and live. It's just a pity that GBPUSD backflipped yesterday!

Every change thats been implemented has worked well for me. I'm stoked!
Cheers to all.
  • #1,617
  • May 5, 2010 2:05am May 5, 2010 2:05am
Quoting calstock
Tp 1 22
Tp 2 35
Tsl 12

I also used money mangement , but thats not part of the setup....I just wanted to try it out...

But you have to make sure it starts on the 1.00 candle...

Version 7

And remember its only day 1...

Now I have been trading the EURJPY at the start of Toyko session for many years, and what you need to look for is the break of the 23.00 and 00.00 candles......

So start time has to be 1.00....and if it has not broken by the start of the 2.00 candle close the orders....

Now this EA just makes me lazy, because really its...

Thanks a lot Calstock, highly appreciated

Can you elaborate a bit more how you change your entry criteria from the default ones in V7?

Cheers
  • #1,618
  • May 5, 2010 2:06am May 5, 2010 2:06am
Quoting Elovv
Godmorning

Tonight I studied what happens between GMT23-24

Alpari UK demo:2 orders 23.33 correct (wait for fractal5 to confirme)
sell 1.51322
order1:tp 01.00 1.51102 (low on that candle 1.51061)
order2:still open

IBFX demo:2 orders sell 23.35 correct (wait for fractal5 to confirme)
sell 1.5130
order1:tp 01.00 1.5108 (low on that candle 1.5105)
order2:still open

IBFX live:2 orders 23.40 (have to wait 5 min extra for fractal5 to confirme, depending on that the 5 min 23.15 candle is 1 point higher on demo than on live, why should IBFX do it lower...
Are you on v7?
  • #1,619
  • May 5, 2010 2:09am May 5, 2010 2:09am
Quoting geoffb65
I think that the difference is in the fractals, the SMA's are probably in agreement but smoothing applied by the brokers will make a difference to how and when fractals will be created.

We will probably see the effect of this when the price moves smoothly through the 23:00 GMT hour, it does rely on a small retracement in the M5 chart to create a high/low fractal, this is what triggers the trade.

Smoothing, applied by the broker, could have a big effect on how these fractals are created.
Geoff,

I still probably did not get the difference in entry criteria from V5 to V7.

I thought you just add ema 197 to ema 10 and define as additional entry criteria the accordance of those 2, but you chose somehow the time to GMT offset 2. Why that?

Sorry for my dumb questions!!!
  • #1,620
  • May 5, 2010 2:10am May 5, 2010 2:10am
Quoting Elovv
Godmorning

Tonight I studied what happens between GMT23-24

Alpari UK demo:2 orders 23.33 correct (wait for fractal5 to confirme)
sell 1.51322
order1:tp 01.00 1.51102 (low on that candle 1.51061)
order2:still open

IBFX demo:2 orders sell 23.35 correct (wait for fractal5 to confirme)
sell 1.5130
order1:tp 01.00 1.5108 (low on that candle 1.5105)
order2:still open

IBFX live:2 orders 23.40 (have to wait 5 min extra for fractal5 to confirme, depending on that the 5 min 23.15 candle is 1 point higher on demo than on live, why should IBFX do it lower...
Hi Elovv

That is a useful comparison, even slight differences do make a difference to the trade!
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