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Simple H1 GBPUSD EA

  • #2,161
  • May 11, 2010 7:27am May 11, 2010 7:27am
Quoting geoffb65
In V7 we also use a 10 SMA and 197 SMA to confirm the trend, both must agree, last night both these showed a downtrend between the 21:00 and 22:00 GMT cadles.

Hope this makes sense!
Ohh I see, I have ADX enable and 197 SMA disabled.. Will try to

Change that around and see what's up Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,162
  • May 11, 2010 7:28am May 11, 2010 7:28am
Quoting SkyzerFX
MM set to FALSE and should be false by default

I think it's crazy to trade 0.1 lot on micro, it's already like 0.01 of normal

lot. Set Lot size to 1.0

Make sure

MicroOdersAllowed =TRUE
MiniOrdersAllowed=TRUE

Try that.
Will try it.. Thanks
  • #2,163
  • May 11, 2010 7:38am May 11, 2010 7:38am
Quoting geoffb65
Do I see your smiley face looking glum?

If so the EA is not correctly enabled.
Hye Geoff, actually that screenshot with glum lookin' smiley face isn't the correct one.. sorry coz i upload the wrong file..

FYI, with the EA enabled it doesnt trade since last night (GMT +8)..
  • #2,164
  • May 11, 2010 7:49am May 11, 2010 7:49am
Quoting Spaghetti
Hi Geoff.

I knew nothing about forex 3 weeks ago.
I'm so glad I stumbled on this thread at the time and have learnt so much since then.
I'm been using all the versions on demo and this week started live, and loving it!

Cheers and thanks.
  • #2,165
  • May 11, 2010 7:50am May 11, 2010 7:50am
Quoting bee7244
Hye Geoff, actually that screenshot with glum lookin' smiley face isn't the correct one.. sorry coz i upload the wrong file..

FYI, with the EA enabled it doesnt trade since last night (GMT +8)..
Try SkyzerFX's suggestions he knows what he is doing!
  • #2,166
  • May 11, 2010 7:51am May 11, 2010 7:51am
Quoting SkyzerFX
MM set to FALSE and should be false by default

I think it's crazy to trade 0.1 lot on micro, it's already like 0.01 of normal

lot. Set Lot size to 1.0

Make sure

MicroOdersAllowed =TRUE
MiniOrdersAllowed=TRUE

Try that.
Hye SkyzerFX, actually i just change it to 0.1 lot to test whether it should trade, my original is 1.0

Why does the pivot line missing?? with 10000 it doesn't, and it trades..
  • #2,167
  • May 11, 2010 8:19am May 11, 2010 8:19am
Thanks Geoff for V7, got 22 and 50 pips on my demo broker: intelfx

V7 seems to be very picky and trades which is very handy keeping me out of potential losses.


  • #2,168
  • May 11, 2010 8:32am May 11, 2010 8:32am
Quoting pcguy007
Thanks Geoff for V7, got 22 and 50 pips on my demo broker: intelfx

V7 seems to be very picky and trades which is very handy keeping me out of potential losses.


  • #2,169
  • May 11, 2010 8:34am May 11, 2010 8:34am
Quoting bee7244
Hye SkyzerFX, actually i just change it to 0.1 lot to test whether it should trade, my original is 1.0

Why does the pivot line missing?? with 10000 it doesn't, and it trades..
By pivot line do you mean "daily pivot"?

If so, this is created at 01:00 GMT!
  • #2,170
  • May 11, 2010 8:40am May 11, 2010 8:40am
Hi SkyzerFx,
I know Geoff released version 7. but what bout the v7adx?

Can you please guide me?

Velli


Quoting SkyzerFX
Last night both V6 and V7adx take Long trade under MA

of on my setting.. Have to figure out why it took a trade long while

been below MA? Taking a Short would be more appropriate there.

Surprisingly Trades end up with about 30 pips profit

but it's kind of against the trend I would say..

Here (where red vertical line)

Geo, any thoughts on that?
  • #2,171
  • May 11, 2010 9:09am May 11, 2010 9:09am
Thanks for a great system Geoff!

BTW I can't seem to get the Money-management function to work. I set it to 5 and it still trades 0.1 lots...

Also can you explain
extern bool UseMoneyMgmt = true;
extern double RiskPercent = 5;
extern bool Low_Risk = false;
extern bool Med_Risk = false;
extern bool High_Risk= false;
extern bool Vhigh_Risk= false;
extern bool Manual_Lot_Size = false;

Hear from you...
  • #2,172
  • May 11, 2010 9:11am May 11, 2010 9:11am
Geoff, am going to move from v5a to v7 - can you confirm that the latest file is the one in your 1st post on page 1?

TIA
  • #2,173
  • May 11, 2010 9:17am May 11, 2010 9:17am
Quoting kraven
Sdsarmad is your EA available, does it have it's own thread i could look at. Don't want to clutter this thread talking about another EA.
Hi

Our EA is not open source or commercial EA. therefore, we dont have any threat about the EA here.

Also, I agree on not clutter this thread talking about another EA.

Thank you
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  • #2,174
  • May 11, 2010 9:19am May 11, 2010 9:19am
Geoffb65

How offeten this V7 EA trades?
{Promotion Removed}
  • #2,175
  • May 11, 2010 9:20am May 11, 2010 9:20am
Quoting Cashcalf
Thanks for a great system Geoff!

BTW I can't seem to get the Money-management function to work. I set it to 5 and it still trades 0.1 lots...

Also can you explain
extern bool UseMoneyMgmt = true;
extern double RiskPercent = 5;
extern bool Low_Risk = false;
extern bool Med_Risk = false;
extern bool High_Risk= false;
extern bool Vhigh_Risk= false;
extern bool Manual_Lot_Size = false;

Hear from you...
If you set MM to true you must set manual lots to false or it will use manual lots.

If you use MM you must also select Low (3%), Med (5%), High (10%), or VHigh (RiskPercent = 5 you can set this to any value).

The RiskPercent setting is only for the VHigh Risk.
  • #2,176
  • May 11, 2010 9:23am May 11, 2010 9:23am
Quoting sdsarmad
Geoffb65

How offeten this V7 EA trades?
On back testing it traded on 140 days, I don't know how many trading days there are in the year, must be about 200?
  • #2,177
  • May 11, 2010 9:25am May 11, 2010 9:25am
Quoting geoffb65
By pivot line do you mean "daily pivot"?

If so, this is created at 01:00 GMT!
Oh..okay.. will wait for that to happen.. Thx
  • #2,178
  • May 11, 2010 9:35am May 11, 2010 9:35am
Quoting geoffb65
If you set MM to true you must set manual lots to false or it will use manual lots.

If you use MM you must also select Low (3%), Med (5%), High (10%), or VHigh (RiskPercent = 5 you can set this to any value).

The RiskPercent setting is only for the VHigh Risk.
Got it! Also if the returns are compounded, the account would double in no time...

Thanks again
  • #2,179
  • May 11, 2010 9:45am May 11, 2010 9:45am
Quoting Cashcalf
Got it! Also if the returns are compounded, the account would double in no time...

Thanks again
Correct however, the MM is of little use on accounts with less than $5000 balance!

It is calculated from the stoploss value so, if you work on 5% say, if you were to hit the stoploss that would cost you 5% of your equity per order.

With two orders, of course you would lose 10% of your equity!
  • #2,180
  • May 11, 2010 9:57am May 11, 2010 9:57am
Quoting geoffb65
Correct however, the MM is of little use on accounts with less than $5000 balance!

It is calculated from the stoploss value so, if you work on 5% say, if you were to hit the stoploss that would cost you 5% of your equity per order.

With two orders, of course you would lose 10% of your equity!
Yep... Anyway will go live tomorrow with a few "delinquent" accounts ranging from $300 to $500 and let your EA take care of them... Who knows. Maybe next year this time, the accounts will be doubled

Cheers
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