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Simple H1 GBPUSD EA

  • #1,781
  • May 6, 2010 9:19am May 6, 2010 9:19am
Tomorrow should be an interesting day, particularly for GBPUSD!

The price is approaching the 1.5000 psychological level, the possiblity of a different government/prime minister (I hope!) and the NFP!

I think it's time to light the blue touchpaper and retire to a safe distance!
  • #1,782
  • May 6, 2010 9:32am May 6, 2010 9:32am
Quoting camvcvoo
Here you go.

Enjoy and don't forget to report bugs, if any, to Steve.
@camvcvoo: I am a bit confused. Is this a new EA?
  • #1,783
  • May 6, 2010 9:43am May 6, 2010 9:43am
what settings to use for " Steve Hopwood's geoffb65 Simple H1 multi-pair.mq4" and on which pairs?

and on which page has the latest eurusd version?
  • #1,784
  • May 6, 2010 9:52am May 6, 2010 9:52am
Quoting fguru
@camvcvoo: I am a bit confused. Is this a new EA?
Steve Hopwood coded this EA earlier on when this thread was started. It is a multi-pair trading monster. You can specify which pairs you want to trade. It is to be placed in GBPJPY H1 chart to get maximum tick. The only thing i see it's a bit of issue is that this EA applies single rule to all pairs trade. So you cannot have different settings for different pairs.



Victor V
福 子 Victor V
  • #1,785
  • Edited 1:16pm May 6, 2010 10:00am | Edited 1:16pm
I kept getting errors on FXCM when trying to use the low risk option (3% risk). I kept say incorrect lot size, so I started playing with it and ended up changing the code to round the last digit of dLots down.

I added the 2nd line:

if (UseMoneyMgmt==true)
{
dLots = NormalizeDouble( AccountBalance()*Risk/StopLoss/(MarketInfo(Symbol(), MODE_TICKVALUE)),OrdersizeAllowed);
dLots = NormalizeDouble(dLots,1);
}
Please ignore this post because I found out that I had incorrect settings for my account type.
  • #1,786
  • May 6, 2010 10:01am May 6, 2010 10:01am
Thanks for your reply. Which setting do you use for this "monster"?
  • #1,787
  • May 6, 2010 10:04am May 6, 2010 10:04am
Quoting kellera6
I kept getting errors on FXCM when trying to use the low risk option (3% risk). I kept say incorrect lot size, so I started playing with it and ended up changing the code to round the last digit of dLots down.

I added the 2nd line:

if (UseMoneyMgmt==true)
{
dLots = NormalizeDouble( AccountBalance()*Risk/StopLoss/(MarketInfo(Symbol(), MODE_TICKVALUE)),OrdersizeAllowed);
dLots = NormalizeDouble(dLots,1);
}
That is a good idea, we should probably look at setting a minimum value for Mini and Micro accounts as well, the message "your lot value is too small to place" is a bit of a waste of time really!
  • #1,788
  • May 6, 2010 10:31am May 6, 2010 10:31am
Quoting geoffb65
The EA will not trade as often as v6 but I would prefer not to have any more losses like today so will happily accept fewer trades!

I don't know why others keep losing, since Monday on V6 I got all wins

ZERO losses.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,789
  • May 6, 2010 10:33am May 6, 2010 10:33am
Quoting fguru
Thanks for your reply. Which setting do you use for this "monster"?
Pairs to Trade: GBPUSD,EURUSD,GBPJPY,EURJPY,EURGBP
SL: 75(0)
1st TP: 22(0)
BEP: 10(0)
Trade Sunday: False
Send Immediate Market Order: True
Send Pending Order: False
Trailing Stop Pips: 22(0)

The rest default.



Victor V
福 子 Victor V
  • #1,790
  • May 6, 2010 10:33am May 6, 2010 10:33am
Quoting SkyzerFX
I don't know why others keep losing, since Monday on V6 I got all wins

ZERO losses.
That is great!
Which settings do you use? Which broker, if I may ask?
  • #1,791
  • May 6, 2010 10:34am May 6, 2010 10:34am
Quoting camvcvoo
Pairs to Trade: GBPUSD,EURUSD,GBPJPY,EURJPY,EURGBP
SL: 75(0)
1st TP: 22(0)
BEP: 10(0)
Trade Sunday: False
Send Immediate Market Order: True
Send Pending Order: False
Trailing Stop Pips: 22(0)

The rest default.



Victor V
Thank you Victor!
  • #1,792
  • May 6, 2010 10:37am May 6, 2010 10:37am
Quoting camvcvoo
Pairs to Trade: GBPUSD,EURUSD,GBPJPY,EURJPY,EURGBP
SL: 75(0)
1st TP: 22(0)
BEP: 10(0)
Trade Sunday: False
Send Immediate Market Order: True
Send Pending Order: False
Trailing Stop Pips: 22(0)

The rest default.



Victor V
Just a reminder, the start time input in Steve's EA is always your LOCAL time.

福 子 Victor V
  • #1,793
  • May 6, 2010 10:39am May 6, 2010 10:39am
I forgot to mention earlier that my EA with GMT offset +2 took a EURJPY short last night but the trade was closed within minutes. I think the problem might have been that I had the EA running on 2 different currency pairs and they both had the same iMagicNumber. I have a feeling that the 2nd EA saw that and closed the trade It would have made a very nice profit
  • #1,794
  • May 6, 2010 11:08am May 6, 2010 11:08am
Quoting geoffb65
Tomorrow should be an interesting day, particularly for GBPUSD!

The price is approaching the 1.5000 psychological level, the possiblity of a different government/prime minister (I hope!) and the NFP!

I think it's time to light the blue touchpaper and retire to a safe distance!
I think you're right. Thanks for the thought.
s
  • #1,795
  • May 6, 2010 11:14am May 6, 2010 11:14am
Quoting kellera6
I forgot to mention earlier that my EA with GMT offset +2 took a EURJPY short last night but the trade was closed within minutes. I think the problem might have been that I had the EA running on 2 different currency pairs and they both had the same iMagicNumber. I have a feeling that the 2nd EA saw that and closed the trade It would have made a very nice profit
That's a nuisance!

Now you have the option to change the magic number you must change the number when you put the EA on another pair!
  • #1,796
  • May 6, 2010 11:42am May 6, 2010 11:42am
so out of all the H1 EA's that's been done does any one know which has performed best. wins to losses, profit to loss (i know v7 has only just been released). And which one is most people using? v5b??
  • #1,797
  • May 6, 2010 11:46am May 6, 2010 11:46am
Hi

Im looking at my IBFX backtest thinking something must be wrong. Backtest for one year gives 60 orders. Its only 30 trading days. I dont think its possible that IBFX only takes trades 30 days/year (ver5a). I have traded it 7 days and it has takes 5 trades. So maybee its no idea to optimize it.
I will trade with ver 5 until it makes loss and than maybee change to ver 7.

Maybee iys a good idea to not trade if its to small difference between sma10 for the 21 and 22 candle?
Or is it better to filter trades with the long sma?

Elovv
  • #1,798
  • May 6, 2010 11:58am May 6, 2010 11:58am
Quoting SkyzerFX
I don't know why others keep losing, since Monday on V6 I got all wins

ZERO losses.
Hi Elovv

SkyzerFX seems to be having good results with v6 but I can't remember which broker he uses!

By using both 200 SMA and 10 SMA we should avoid dodgy trades at the bottom and at the top of ranges because the 200 SMA will be much slower to turn than the 10 SMA, so the two will dissagree at these critical points.

I was also surprised that you had so few trades in your back tests because in live trading you appeared to be trading as often as I was on Alpari.

I am opening an ECN account with FXCBS so that I can see how well it works with a direct data feed!
  • #1,799
  • May 6, 2010 12:15pm May 6, 2010 12:15pm
IBFX live

Buy 23.15 1.5101

SMA up 21-22, 15fractal up, 5fractal down trade is correct

Res +45 pip (00.32 and 01.30)



IBFX demo

First I think it whas crasy, took a Sell! But when I analys the trade I see that I have set SMA=20
So with this setting trades whas correct (SMA and Fractal)

Alpari demo

No trade, SMA up, 15 fractal down, correct with no trade

Seems the EA trades correct with Geoffs ideas. Good work Geooff.

Elovv
  • #1,800
  • Edited 12:46pm May 6, 2010 12:28pm | Edited 12:46pm
Quoting geoffb65
Hi Elovv

SkyzerFX seems to be having good results with v6 but I can't remember which broker he uses!

By using both 200 SMA and 10 SMA we should avoid dodgy trades at the bottom and at the top of ranges because the 200 SMA will be much slower to turn than the 10 SMA, so the two will dissagree at these critical points.

I was also surprised that you had so few trades in your back tests because in live trading you appeared to be trading as often as I was on Alpari.

I am opening an ECN account with FXCBS so that I can see how well it works with a...
Hi Geoff

I remember Your backtest of ver7 whas better than ver5 but I dont remember if it whas big difference.

I guess You have right and its better to go with ver7, not so many trades but less loosers and better profit.

Edit:I look at Your backtest and Im not sure which version is best.
Ver5a:Trades 318 Win 302 Profit $5074
Ver7: Trades 192 Win 190 Profit $4321
Alpari Starttime is GMT 23 only half year in backtest?

Interesting with ECN.

Regards
Elovv
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