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Simple H1 GBPUSD EA

  • #1,861
  • May 7, 2010 2:14am May 7, 2010 2:14am
Hi Goeffb65,

Let me say that this is a very interesting EA. I am still trading it with pennies because I am still afraid of the 140(SL).

I am amazed at it simplicity. Do you know if the fractals that you use to confirm the trend could be use to determine consolidation.

Cheers,

inkuumba
  • #1,862
  • May 7, 2010 2:21am May 7, 2010 2:21am
Quoting inkuumba
Hi Goeffb65,

Let me say that this is a very interesting EA. I am still trading it with pennies because I am still afraid of the 140(SL).

I am amazed at it simplicity. Do you know if the fractals that you use to confirm the trend could be use to determine consolidation.

Cheers,

inkuumba
Yes, I use them to determine consolidation areas on another EA's.

By testing the difference between the high and low fractals and the frequency of the occurence of fractals you get a pretty good idea if the market volatility!
  • #1,863
  • May 7, 2010 2:26am May 7, 2010 2:26am
Quoting geoffb65
Yes, I use them to determine consolidation areas on another EA's.

By testing the difference between the high and low fractals and the frequency of the occurence of fractals you get a pretty good idea if the market volatility!
That is very interesting. I would love to see a bit of code where this is applied. If it is possible for you to send this I would appreciate this.


Cheers,

Inkuumba
  • #1,864
  • May 7, 2010 2:56am May 7, 2010 2:56am
Quoting inkuumba
That is very interesting. I would love to see a bit of code where this is applied. If it is possible for you to send this I would appreciate this.


Cheers,

Inkuumba
I have freely shared my methods throughout this thread but I have to draw the line somewhere and I have spent many months developing my own ideas, so I'm sorry but I can't give any more away!

As to the big stoploss, I use 3 or 4 EA's and I run each one at a very low risk, less than 1%, each one makes a small profit and if one takes a hit so be it, the loss is soon recovered!
  • #1,865
  • May 7, 2010 3:07am May 7, 2010 3:07am
Geoff great work.
I know the SL at 140 is alarming for many. I take it upping the target profit by 10pips or so (still a fairly low target) didn't help?
  • #1,866
  • May 7, 2010 3:29am May 7, 2010 3:29am
Quoting kraven
Geoff great work.
I know the SL at 140 is alarming for many. I take it upping the target profit by 10pips or so (still a fairly low target) didn't help?
Thank you!

The settings were all arrived at using the MT4 optimising tool and are really a compromise based on 12 months back test performance, so they will never be perfect but they should give us the best chance of making a profit!
  • #1,867
  • May 7, 2010 3:37am May 7, 2010 3:37am
Thanks Geoff

As i mentioned early i'm new to EA's (this is my first). And with this thread being Hugh and quite complex at times I was wondering is their any outright favourite yet and why (e.g. has v6 had 2 losses in X time, were v5 has none etc)
  • #1,868
  • May 7, 2010 3:50am May 7, 2010 3:50am
Quoting kraven
Thanks Geoff

As i mentioned early i'm new to EA's (this is my first). And with this thread being Hugh and quite complex at times I was wondering is their any outright favourite yet and why (e.g. has v6 had 2 losses in X time, were v5 has none etc)
The safest version, which is what I suspect you want, is v7 that has had a 200 SMA filter added.

V4, v5b, v6 and v7 all use the same algorithm to place a trade.

The new filter on v7 has reduced the overall profit but has reduced the number of losing trades sigificantly, this is the version I favour.
  • #1,869
  • May 7, 2010 4:07am May 7, 2010 4:07am
Geoff

Can't remember if this has been mentioned on the thread before but would closing losing trades at a certain for instance 10:00 GMT help reduce the size of loss. The loss earlier in the week took a long time to hit SL and if the EA had closed it earlier it would have been for considerably less pips. I understand that this might result in a couple of other losses but if their size is reduced it might help. I am saying this as I have also noticed that any trades that end in profit for me so far have closed either while I am asleep or by 10:00 GMT.

Paul
  • #1,870
  • May 7, 2010 4:24am May 7, 2010 4:24am
Quoting paulbt38
Geoff

Can't remember if this has been mentioned on the thread before but would closing losing trades at a certain for instance 10:00 GMT help reduce the size of loss....
I have tested this and closed any open orders at a specific time if they are showing a loss but all it did was increase the number of losing trades no matter what time I chose.

I have since thought about just closing the first order if it is say half way towards the stoploss after a certain length of time, this could make a small difference to the size of the loss but I haven't had time to test it yet.
  • #1,871
  • May 7, 2010 4:59am May 7, 2010 4:59am
I'm amazed what this EA can do! Only profits so far this month. I'm using v6, but think I'm going to add v7, to see how it compared with v6. I do my tests on a micro account and run it for a few months before I install it on my standard account.
  • #1,872
  • May 7, 2010 5:22am May 7, 2010 5:22am
Quoting geoffb65
I have tested this and closed any open orders at a specific time if they are showing a loss but all it did was increase the number of losing trades no matter what time I chose.

I have since thought about just closing the first order if it is say half way towards the stoploss after a certain length of time, this could make a small difference to the size of the loss but I haven't had time to test it yet.
Geoff

It increases the number of losses but what about the size of the losses?

Paul
  • #1,873
  • May 7, 2010 5:26am May 7, 2010 5:26am
Quoting harry216
I'm amazed what this EA can do! Only profits so far this month. I'm using v6, but think I'm going to add v7, to see how it compared with v6. I do my tests on a micro account and run it for a few months before I install it on my standard account.
That is definitely the best strategy, I use a micro account the same way!
  • #1,874
  • May 7, 2010 5:28am May 7, 2010 5:28am
Quoting paulbt38
Geoff

It increases the number of losses but what about the size of the losses?

Paul
Hi Paul

I can't remember all the details but I remember many of the times that I chose ended up with an overall loss and those that managed a profit were extremely poor!
  • #1,875
  • May 7, 2010 5:35am May 7, 2010 5:35am
Hi,

V7
GallantFX live 2xshort 1.48279, TP1=22.50, TP2=3.50
FXDD live no trade

Geoffb you are god
  • #1,876
  • May 7, 2010 5:43am May 7, 2010 5:43am
Quoting mirgi
Hi,

V7
GallantFX live 2xshort 1.48279, TP1=22.50, TP2=3.50
FXDD live no trade

Geoffb you are god
I'm very pleased you like it!
  • #1,877
  • May 7, 2010 5:48am May 7, 2010 5:48am
Hi Geoff,

if MT4 crashes or the connection is somehow (my side or broker side) lost, when the EA comes back on it monitors the previously opened trades again?

is there any way to ensure the MT4 will be automatically restarted and logged on? (on a vps if necessary)

thanks and hapipipin to u
dreams do come true.
  • #1,878
  • May 7, 2010 5:59am May 7, 2010 5:59am
Quoting PipBear
At what time did the EA take the trades?
My 2 trades V6 both ended up at SL set at 78 demo GoMarkets
Thanks
PipBear
As I see now, EA (V6) took 4 trades 2 in 19:00 EST

and 2 in 19:40 EST which is 11:00 GMT and 11:40 GMT

All Shorts
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,879
  • May 7, 2010 6:01am May 7, 2010 6:01am
Quoting wannaberich
Hi Geoff,

if MT4 crashes or the connection is somehow (my side or broker side) lost, when the EA comes back on it monitors the previously opened trades again?

is there any way to ensure the MT4 will be automatically restarted and logged on? (on a vps if necessary)

thanks and hapipipin to u
It is possible for the EA to carry on where it left off but not certain depending on what sort of crash you experience.

In this regard, it is safer to use Hide_Targets false as this ensures that your SL and TP information is already with the broker.

If you use Hide_Target true you are relying on the EA to monitor the trade throughout so any break may cause a problem!
  • #1,880
  • May 7, 2010 6:05am May 7, 2010 6:05am
Quoting SkyzerFX
As I see now, EA (V6) took 4 trades 2 in 19:00 EST

and 2 in 19:40 EST which is 11:00 GMT and 11:40 GMT

All Shorts
I suppose you made loads of money yet again!
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