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Simple H1 GBPUSD EA

  • #1,941
  • May 8, 2010 6:21am May 8, 2010 6:21am
Quoting geoffb65
Geoffb65

do you have statement with loger forward test results for this EA? when i check your statement, i see only 3 trades.
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  • #1,942
  • May 8, 2010 7:42am May 8, 2010 7:42am
Quoting PipBear
Geoff,
You are spot on, it is exactly the same trade.
I guess the only mistake I have made is reducing the SL to 75. It's now back to 140 which as you indicated was the setting reached through optimisation.
Thank you again
PipBear
Another thing to consider.. Looking at your chart. Place 10 EMA on the

chart and that spike would be over 10 and possibly generate Long Entry

And instead 10 EMA place 17-24 and your spike would be under the MA

and it will generate Sell instead.. Look at my Example, Chart I post it..

I got Pair sitting under 17 MA whole week, that's why EA took All Sells and win..

10 EA is too short, I mean it's maybe ok, if we Add 50 MA as well

and, if Pair above 10 and 50 then it's buy otherwise Sell

That's is why I'm using larger Time MA.. Too me 10 MA alone

doesn't look too good in terms of identifying trend.
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  • #1,943
  • May 8, 2010 8:35am May 8, 2010 8:35am
Quoting Taiyakixz
I use shift=0, the others are the same.
I don't know if shift=1 is better, I didn't test it.
I noticed that many loss trade occured when 10 sma was flat, so I wanted to avoid it.
Hi Taiyakixz

Thank you for finding this, I have tried ADX but not in combination with the SMA!

I never use 0 with any indicator because the value it is not locked until the bar closes!
  • #1,944
  • May 8, 2010 8:38am May 8, 2010 8:38am
Quoting sdsarmad
Geoffb65

do you have statement with loger forward test results for this EA? when i check your statement, i see only 3 trades.
No, the EA is only a week old!
  • #1,945
  • May 8, 2010 8:41am May 8, 2010 8:41am
Quoting PipBear
Geoff,
You are spot on, it is exactly the same trade.
I guess the only mistake I have made is reducing the SL to 75. It's now back to 140 which as you indicated was the setting reached through optimisation.
Thank you again
PipBear
Hi PipBear

SkyzerFX uses a lower SL very successfully but I suspect he is using his vast experience to be able to do this, keep an eye out for his posts!

I'm afraid I can only rely on the optimiser for my own settings!
  • #1,946
  • May 8, 2010 8:49am May 8, 2010 8:49am
Quoting SkyzerFX
Another thing to consider.. Looking at your chart. Place 10 EMA on the

chart and that spike would be over 10 and possibly generate Long Entry

And instead 10 EMA place 17-24 and your spike would be under the MA

and it will generate Sell instead.. Look at my Example, Chart I post it..

I got Pair sitting under 17 MA whole week, that's why EA took All Sells and win..

10 EA is too short, I mean it's maybe ok, if we Add 50 MA as well

and, if Pair above 10 and 50 then it's buy otherwise Sell

That's is why I'm using larger Time MA.. Too me 10 MA...
Skyzerfx, please, I don't see your chart. Can you post it please, or post your settings? Thank you.
  • #1,947
  • May 8, 2010 8:49am May 8, 2010 8:49am
Quoting kraven
I'll ask while it's quiet. I know it's been asked and answered loads of time but i've yet to find a definitive answer, but Geoff as you are in the UK like myself what GMT/time setting do you put in v5 and v7. thanks
The only time that is relevent to the EA setting is your broker time, if you are with Alpari UK then the offset is +2, your computer local time is not used.

Set your GMT offset to 2 and your start time to 23, one hour before Yokyo open.

forex.com are permanent demo accounts the same as Alpari, the only demo accounts that I have come accross that expire are with ECN accounts, of course I could be wrong, I haven't tried all that many!

Metatrader MT4 is a standard setup from all brokers so all the standard indicators and all EA's should work with any broker, this is the real beauty of using MT4.
  • #1,948
  • May 8, 2010 8:50am May 8, 2010 8:50am
Quoting geoffb65
Hi PipBear

SkyzerFX uses a lower SL very successfully but I suspect he is using his vast experience to be able to do this, keep an eye out for his posts!

I'm afraid I can only rely on the optimiser for my own settings!
You seem to be doing OK with what you know!
  • #1,949
  • May 8, 2010 8:57am May 8, 2010 8:57am
Quoting geoffb65
The only time that is relevent to the EA setting is your broker time, if you are with Alpari UK then the offset is +2, your computer local time is not used.

Set your GMT offset to 2 and your start time to 23, one hour before Yokyo open.

forex.com are permanent demo accounts the same as Alpari, the only demo accounts that I have come accross that expire are with ECN accounts, of course I could be wrong, I haven't tried all that many!

Metatrader MT4 is a standard setup from all brokers so all the standard indicators and all EA's should work...
Geoff,
Have you optimized forex.com, offset=0 like you did Alpari where offset=2?? Could the settings be different?
  • #1,950
  • May 8, 2010 9:04am May 8, 2010 9:04am
Quoting sanyhuis
Skyzerfx, please, I don't see your chart. Can you post it please, or post your settings? Thank you.
OK, here it is again for the last week, see how pair stays almost

always under 17 MA with few fake crosses..

Next time you post you charts ADD which ever MA settings you use in EA on

that Chart, so we can see why and When EA take a trade.
Attached Image (click to enlarge)
Click to Enlarge Name: ea_cable.jpg Size: 112 KB
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  • #1,951
  • May 8, 2010 9:06am May 8, 2010 9:06am
Quoting cuddlebum
Geoff,
Have you optimized forex.com, offset=0 like you did Alpari where offset=2?? Could the settings be different?
The spreads are higher on forex.com so our results are not as good so, because I don't have time to optimise for each broker that I use, I reverted back to Alpari for my testing.

I have been using Alpari for about 4 years and I have been able to check my EA's forward test results with back test results and they are very close, which gives me some confidence to carry on using Alpari despite what has been said in previous posts.

I guess it's a case of "better the devil you know"!
  • #1,952
  • May 8, 2010 9:20am May 8, 2010 9:20am
Quoting geoffb65
The spreads are higher on forex.com so our results are not as good so, because I don't have time to optimise for each broker that I use, I reverted back to Alpari for my testing.

I have been using Alpari for about 4 years and I have been able to check my EA's forward test results with back test results and they are very close, which gives me some confidence to carry on using Alpari despite what has been said in previous posts.

I guess it's a case of "better the devil you know"!
I'm so glad to hear this. With you being Sir Geoff and all. I've tried for a week to get Forex.com to comply and I tried FXCBS as well with no results. I"m happy that Alpari won out. Thank you Sir.
  • #1,953
  • May 8, 2010 9:24am May 8, 2010 9:24am
Quoting sanyhuis
I'm so glad to hear this. With you being Sir Geoff and all. I've tried for a week to get Forex.com to comply and I tried FXCBS as well with no results. I"m happy that Alpari won out. Thank you Sir.
You are welcome mistress S!
  • #1,954
  • May 8, 2010 9:29am May 8, 2010 9:29am
I have been asked to put the EA on www.fxstat.com/ so I think on Monday I will set up a new demo account using v7 with the ADX filter and add it to kxstat.com to see how well it performs against other EA's.

I'm sure ours will be the best of the best!
  • #1,955
  • Edited 10:08am May 8, 2010 9:42am | Edited 10:08am
It is time we named this baby, how about a competition, no prizes of course just the cudos!

I looked at Simple H1 Trader, but the initials don't give the right image!

Any (clean) suggestions?
  • #1,956
  • May 8, 2010 10:00am May 8, 2010 10:00am
Quoting geoffb65
It is time we named the baby, how about a competition, no prizes of course just the cudos!

I looked at Simple H1 Trader, but the initials don't give the right image!

Any (clean) suggestions?
How about a variation: Simple H1 Prophet or SHIP
I think everyone can see the easy play on words that using 'prophet' brings, so this ship could help bring us there.

Kerst
  • #1,957
  • May 8, 2010 10:04am May 8, 2010 10:04am
Hi Geoff,

Wow that's great ........

How abt " CABLE GUY "

Ganesh
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #1,958
  • May 8, 2010 10:10am May 8, 2010 10:10am
Quoting rpasupathy
Hi Geoff,

Wow that's great ........

How abt " CABLE GUY "

Ganesh
Good!

Is there an Indian God for forex?
  • #1,959
  • May 8, 2010 10:14am May 8, 2010 10:14am
Quoting geoffb65
The only time that is relevent to the EA setting is your broker time, if you are with Alpari UK then the offset is +2, your computer local time is not used.

Set your GMT offset to 2 and your start time to 23, one hour before Yokyo open.

forex.com are permanent demo accounts the same as Alpari, the only demo accounts that I have come accross that expire are with ECN accounts, of course I could be wrong, I haven't tried all that many!

Metatrader MT4 is a standard setup from all brokers so all the standard indicators and all EA's should work...
Thanks Geoff
  • #1,960
  • May 8, 2010 10:15am May 8, 2010 10:15am
Quoting geoffb65
The spreads are higher on forex.com so our results are not as good so, because I don't have time to optimise for each broker that I use, I reverted back to Alpari for my testing.
Exactly, that's why each person must not ask for Settings but

instead run tests and optimize it for their own broker..

Cause with that ADX version guy have 100% win and over IBFX I

run it and it's like mountains ups and downs, so each user must

customize the settings for best results.
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