Simple H1 GBPUSD EA | Page 105 | 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

  • #2,081
  • May 10, 2010 2:12pm May 10, 2010 2:12pm
Quoting mary4x
Geoff, I've been reading back over Calstock's posts regarding using the EA 5b to trade the London open on GBPUSD. Do you know what start time he is using? IBFX GMT offset is 0, so I've got that number.

Also, are you pulling the 7 for now? Would you suggest 5b for Tokyo next open?
Sorry, I don't know his start time, he mentioned London open which I believe is 7 GMT but it would be best if you ask him.

As far as I am concerned v7 is the main program, I never had any thoughts of "pulling" it, where did you get that idea?

5b is for people, who know what they are doing, to play with, it is not really any part of the main strategy any longer and I would not advise you to use it unless you are prepared to take the losses that you will not get with v7.

When I moved over to v7 I stopped supporting v5 because v7 is so much better and is the only one that I use!
  • #2,082
  • May 10, 2010 2:24pm May 10, 2010 2:24pm
Thanks, Geoff and everyone else. I'll look back and see where I got the idea that the 7 was what I thought it was... Back in a few.
  • #2,083
  • May 10, 2010 2:29pm May 10, 2010 2:29pm
Quote
Originally Posted by mary4x http://cdn.forexfactory.com/images/buttons/viewpost.gif
Geoff, I've been reading back over Calstock's posts regarding using the EA 5b to trade the London open on GBPUSD. Do you know what start time he is using? IBFX GMT offset is 0, so I've got that number.

Also, are you pulling the 7 for now? Would you suggest 5b for Tokyo next open?

Mary4x

Iam sorry for the late reply......I only come into this forum during Tokyo and Early London.....as I trade the New York Stock exchange....during US hours.


I see this has already been answered, but its 9.00..
I set both TP to 22 to start and then I change TP 2 when I see the price action....

I know a few of you set the EA and just let it do it's thing but I like to let it open the positions and them I sometimes change the SL/TP setting depending on the price action....

If my posting the second TP is usefull I will keep doing it, but if your all setting and forgetting then I will stop posting them..
  • #2,084
  • May 10, 2010 2:31pm May 10, 2010 2:31pm
Okay, at post 2040 Geoff says, "There has only been one official issue of v7 but there may be a new one today." I think I got ahead of things--sorry!
  • #2,085
  • May 10, 2010 2:31pm May 10, 2010 2:31pm
Quote
geoffb65
Quote
When I moved over to v7 I stopped supporting v5 because v7 is so much better and is the only one that I use!

Do you wish us to stop using Version 5b and concertrate on version 7?

  • #2,086
  • Edited 3:01pm May 10, 2010 2:34pm | Edited 3:01pm
I think I need to clear up a little confusion that seems to be creeping into the thread of late.

As far as I am concerned there is only one, two order, program on this thread and that is V7!

V5 and V6 are dead programs, they no longer exist, they are ex programs, they only existed as a part of the development of V7 and are no longer supported!

The strategy of this thread only uses H1 GBPUSD and has a start time of 23:00 GMT, any other pair, time frame or start time must be viewed as "off topic", they should really go on a new thread of their own.

I have to make this distinction because I am being asked questions regarding program modifications that I know very little about.

From the little testing that I have done with other currency pairs I would say that this strategy only works with any degree of accuracy on GBPUSD at the time specified, the results that I have obtained on other pairs makes them unsuitable for this strategy.
  • #2,087
  • May 10, 2010 2:38pm May 10, 2010 2:38pm
Quote
geoffb65
Quote
The strategy of this thread only uses H1 GBPUSD and has a start time of 23:00 GMT, any other pair, time frame or start time will be treated as "off topic", they should really go on a new thread of their own.

Ok....understood....

Iam off to bed.....back in 3 hours...
  • #2,088
  • Edited 2:59pm May 10, 2010 2:43pm | Edited 2:59pm
Quoting calstock
Do you wish us to stop using Version 5b and concertrate on version 7?

Hi calstock

I have absolutely no objections to you using v5b, you and others on the thread know exactly what you are doing and v5b is of use to you.

My worry is that others are seeing your success and think that they can do the same as you, when in fact they don't have the knowledge that you have, are getting confused about which program they should be using and are going to get themselves in financial difficulties trying to emulate your success!

Perhaps we should start a new thread for people like yourself who want to try different pairs and different start times?
  • #2,089
  • May 10, 2010 3:12pm May 10, 2010 3:12pm
Quote
geoffb65
Quote
Perhaps we should start a new thread for people like yourself who want to try different pairs and different start times

Hi geoff

Your right on the money, I agree with you..

From my work so far the best results are with GBPUSD....

I have achived what I wanted to do and that was to find a EA that I can use to achive consistent returns..

Now lets work with version 7.......

  • #2,090
  • May 10, 2010 3:48pm May 10, 2010 3:48pm
Quoting calstock
Hi geoff

Your right on the money, I agree with you..

From my work so far the best results are with GBPUSD....

I have achived what I wanted to do and that was to find a EA that I can use to achive consistent returns..

Now lets work with version 7.......

Great!
  • #2,091
  • May 10, 2010 4:04pm May 10, 2010 4:04pm
Geoff in regards to the ADX did you try all Taiyakixz ideas?
For example While True for both Slow sma and ADX produce no losses, using Slow sma= false, ADX = True although lost a couple of trades it made the most pips. Did you get worse readings on all?
  • #2,092
  • May 10, 2010 4:14pm May 10, 2010 4:14pm
Geoff apologies if i'm wrong but i believe a while back you develope some EA's previously and sold them??? Are these the one's you also use?
If so could you name them (i'm not on about selling them or freely putting them on here).
  • #2,093
  • May 10, 2010 4:39pm May 10, 2010 4:39pm
Quoting kraven
Geoff apologies if i'm wrong but i believe a while back you develope some EA's previously and sold them??? Are these the one's you also use?
If so could you name them (i'm not on about selling them or freely putting them on here).
I have never sold any of my EA's, I only developed them for my own use and have since signed them over to the company that I am part owner of.

I did try the other ADX options and some other methods not mentioned but did not find any significant improvement.

In my back tests I had one losing day in 12 months, how can that be improved upon?
  • #2,094
  • May 10, 2010 5:20pm May 10, 2010 5:20pm
Good morning Geoff et al.

07/05/2010 27.50
10/05/2010 19.00
11/05/2010 18.40

slope show further decreasing risk, so would suggest 5a/b. With the slope of the 197 and 10 ma not sure if 7 and 5 would anyway produce the same results.
  • #2,095
  • May 10, 2010 5:59pm May 10, 2010 5:59pm
Hi everyone!
I'm new here... And i just want to say!
Thank you geoffb65, for sharing such a great work!

I'm still happy live in this world, knowing there is some good people!




p.s. sorry for my english...
  • #2,096
  • May 10, 2010 6:01pm May 10, 2010 6:01pm
Quoting geoffb65
I am sorry to say that adding the ADX indicator to V7 did not make any improvement in my back testing with Alpari...

12 month backtest, first number with ADX, second without:

Profit: $3387, $4341.
Trades: 160, 196.
Losing: 2, 2.
Ratio: 98.75%, 98.78%.
Drawdown: 9.73%, 9.73%.

The results show $1000 less profit with no reduction in losing trades.
This is strange result....
- Loss trade is only 1 day(09.11.18) with normal v7, obviously ADX<=20 at that time.
- Drawdown% must not be the same with the different number of trades and the same loss.
  • #2,097
  • May 10, 2010 6:03pm May 10, 2010 6:03pm
Quoting geoffb65
I have never sold any of my EA's, I only developed them for my own use and have since signed them over to the company that I am part owner of.

I did try the other ADX options and some other methods not mentioned but did not find any significant improvement.

In my back tests I had one losing day in 12 months, how can that be improved upon?
Ahhh I new you had done something with EA's in the past.

You could have no loses in 12months
  • #2,098
  • May 10, 2010 6:14pm May 10, 2010 6:14pm
Thank you for this EA.

I read first 4 to 5 pages to understand the intent of this thread.. I read last 2 pages to understand current updates.

I understand V7 is the official EA.
Time starts at 23:00 GMT
Pair : GBU/USD
TF : 1HR.

I will do backtest today (I know lot of people have done it already).. again for my satisfaction.... I will post my updates.

Hope I will not have any problems in setting up this EA.
  • #2,099
  • May 10, 2010 6:24pm May 10, 2010 6:24pm
Hi Geoffb65 and everyone.

I just want to say congratulation, not for your EA( of course yes) but for your devotion and patience to this thread. I know all the work behind that and the pressure also. I had in the pass a forum with lots of members asking and asking and asking again for everything. That’s correct but that is loud and painful sometime. Remember that you have no obligation to anyone, and this is your free contribution to this community and you are the only one with control over all. As long has you have fun!.

I’m almost your age.

Thank you sir and god bless you.

Robert
I just believe in... Peace and good Karma!
  • #2,100
  • May 10, 2010 6:45pm May 10, 2010 6:45pm
Quoting geoffb65
I think I need to clear up a little confusion that seems to be creeping into the thread of late.

As far as I am concerned there is only one, two order, program on this thread and that is V7!

V5 and V6 are dead programs, they no longer exist, they are ex programs, they only existed as a part of the development of V7 and are no longer supported!

The strategy of this thread only uses H1 GBPUSD and has a start time of 23:00 GMT, any other pair, time frame or start time must be viewed as "off topic",...
Ok Geoff, I switched to v7. Took two shorts at 1.4834 with TDFX. Let's rock!
If you're scared get a dog.
2 traders viewing now