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Simple H1 GBPUSD EA

  • #2,201
  • May 11, 2010 6:11pm May 11, 2010 6:11pm
Quoting camvcvoo
Haishang,

Good morning to you.

Do you think you can make me understand what you have just posted? I would like to learn. If not suitable here, you can PM me.

Why the switch from v7 to v5a/b?

Cheers.

Victor V

It is something Geoff and I am looking since some time. Logic behind is to use the trend in short term implied volatility to find a correlation to market risk sentiment...i.e. if the slope of is down, i.e. vols a decreasing this means less risk aversion which means that trends in early asian hours are more likely to continue than when the market is in stress.
Then take the 1st and2nd derivative on it to ind a suitable variable in order to insert into an ea and you are there.....

how does this sound to you?
  • #2,202
  • May 11, 2010 6:33pm May 11, 2010 6:33pm
hi guys...

my V4 open a trade Buy @1.49327 Alpari UK demo
Helping Others bring u luck
  • #2,203
  • May 11, 2010 6:37pm May 11, 2010 6:37pm
EURUSD at 1.2628
  • #2,204
  • May 11, 2010 7:04pm May 11, 2010 7:04pm
No live action tonight TDFX. We'll do it tomorrow!
If you're scared get a dog.
  • #2,205
  • May 11, 2010 7:17pm May 11, 2010 7:17pm
Nothing on IBFX both
  • #2,206
  • May 11, 2010 7:36pm May 11, 2010 7:36pm
Aren't we going long for GBPUSD tonight? Who else is long? The 10SMA is pointing nicely upwards right? However, that round # of 1.5000 is something to be wary off.
  • #2,207
  • May 11, 2010 8:38pm May 11, 2010 8:38pm
Quoting Haishang
It is something Geoff and I am looking since some time. Logic behind is to use the trend in short term implied volatility to find a correlation to market risk sentiment...i.e. if the slope of is down, i.e. vols a decreasing this means less risk aversion which means that trends in early asian hours are more likely to continue than when the market is in stress.
Then take the 1st and2nd derivative on it to ind a suitable variable in order to insert into an ea and you are there.....

how does this sound to you?
Ok.

Looks complicated to me. Anyway, thanks for taking your time to explain.

Cheers.
福 子 Victor V
  • #2,208
  • May 11, 2010 9:48pm May 11, 2010 9:48pm
IBFX no trade ver 5 and ver 7

sma10 pu, fractals 15 down, (and sma197 for ver 7)

Elovv
  • #2,209
  • May 11, 2010 10:06pm May 11, 2010 10:06pm

quote=geoffb65;3641470]Here is a very simple yet profitable strategy that anyone can follow and

make an average of 50 to 100 pips a week.
Can be traded manually or using the attached EA.

I noticed that between the NY close and Tokyo open, whatever the trend,
the market seems to follow this trend for several hours.

Of course it doesn't always work but I have had better than 90% positive results.

Place the order one hour before the open of the Tokyo session.

Simple strategy, only one indicator, 10 SMA.
If the slope is positive place a long order.
If the slope is negative place a short order.

I prefer to place 2 orders with half the lot size, one to close at TP22 and
the second order move the SL to BE and let it run.
The SL is large at 140 but anything less gives more losing trades.

The attached EA v6 gives good results.
It will work with 4 or 5 digit brokers, standard, mini or micro accounts and will work with ECN brokers.

Check it out on a back-test, you will be surprised how well it works and
modify it in any way you please.

SETTING THE GMT OFFSET.

1. Broker time is offset from GMT by + or - x hours

So set the GMT offset to this + or - x hour value.

Thus you have compensated for the difference between your brokers time and GMT,
so you can now specify all times as GMT.

2. The Tokyo session starts at 0:00 GMT but I use the candle before this i.e. 23:00 GMT.

So the start time is set in the code to 23.

________________________________________________________________________________

For information on GMT goto http://wwp.greenwichmeantime.com/

Here are some GMT offset examples:

Alpari: GMT +2
ACTbrokers: -4
CFGTrader: GMT +2
CoesFX: GMT +3
Fibo Group: GMT +2
Forex.com: GMT
Forex LTD: GMT +2
FXCM GMT -4
FXDD: GMT +3
IBFX: GMT
Marketiva GMT
MetaQuotes: GMT +2
MoneyTec: GMT +3
Netdania Charts GMT -8
North Finance: GMT +2
Oanda GMT -5
Orion: GMT +4
Real Trade: GMT +2

Add to this list or edit any errors.
_________________________________________________________________________________

VERSIONS.

V4 Can be used to place just 1 order giving excellent results
Forward testing results: Simple GBPUSD EA v4
http://simplegbpusdv4.MT4Live.com

V7
Using a 197SMA has reduced the losing days.
Test results and full details in post #1497[/quote]
  • #2,210
  • May 11, 2010 10:40pm May 11, 2010 10:40pm
a little question :
v 5b ..
gmtoffset=0 starttime=1 =>
fxdd demo: 1 trade long 1.4934 tp hit: 1.4956
alpari live: nothing ..why s that?
  • #2,211
  • May 11, 2010 11:15pm May 11, 2010 11:15pm
Quoting mistersimple
a little question :
v 5b ..
gmtoffset=0 starttime=1 =>
fxdd demo: 1 trade long 1.4934 tp hit: 1.4956
alpari live: nothing ..why s that?
Ms, I don't see V5b on the first post ? Can you tell me where it is and how it is differrent from V7 ?
  • #2,212
  • Edited May 12, 2010 12:01am May 11, 2010 11:31pm | Edited May 12, 2010 12:01am
I did a backtest for on Alpari UK MT4.

I put the offset as -2 - Is this right ?
Rest all the setting are unchanged.
V7 downloaded from the first post.

Here are the results. Looks very reasonable.

Out of 292 total trades, 31 times full profit has been taken
There are 36 total loosing trades.
Initial deposit: 2000.


Trading Period: 2008-01-01 to 2009-06-01
Attached Image (click to enlarge)
Click to Enlarge Name: Simple GBPUSD H1- results.gif Size: 10 KB
Attached File(s)
File Type: xls Simple GBPUSD H1- results.xls   707 KB | 311 downloads
  • #2,213
  • May 12, 2010 12:13am May 12, 2010 12:13am
Quoting cprao
I did a backtest for on Alpari UK MT4.

I put the offset as -2 - Is this right ?
Rest all the setting are unchanged.
V7 downloaded from the first post.

Here are the results. Looks very reasonable.

Out of 292 total trades, 31 times full profit has been taken
There are 36 total loosing trades.
Initial deposit: 2000.


Trading Period: 2008-01-01 to 2009-06-01
Alpari UK is GMT +2 !
  • #2,214
  • May 12, 2010 12:27am May 12, 2010 12:27am
Quoting geoffb65
Alpari UK is GMT +2 !
Thank you.. Let me run it again..

How about FXDD ? I am putting as -4 should this be +4 ?
  • #2,215
  • May 12, 2010 12:44am May 12, 2010 12:44am
Quoting cprao
Thank you.. Let me run it again..

How about FXDD ? I am putting as -4 should this be +4 ?
FXDD is +3, they are listed in post #1.
  • #2,216
  • May 12, 2010 1:08am May 12, 2010 1:08am
Quoting kraven
I set up v7adx on EURUSD using settings suggested on here (just demo). 2 orders at 1.26400. See what happens
+21 and +7= total +28pips
  • #2,217
  • May 12, 2010 2:06am May 12, 2010 2:06am
Quoting cprao
Ms, I don't see V5b on the first post ? Can you tell me where it is and how it is differrent from V7 ?
go to attachment folder (up in the right [corner])
  • #2,218
  • May 12, 2010 5:16am May 12, 2010 5:16am
Geoff

No trade yet. will the EA trade today?
{Promotion Removed}
  • #2,219
  • May 12, 2010 5:22am May 12, 2010 5:22am
Quoting sdsarmad
Geoff

No trade yet. will the EA trade today?
It only trades 1 hour before Tokyo open, last night the 197 SMA and 10 SMA did not agree so there was no trade.

Maybe tonight!
  • #2,220
  • May 12, 2010 6:34am May 12, 2010 6:34am
Quoting Elovv
IBFX no trade ver 5 and ver 7
I was just about to ask, cause I also have no trades on v6/v7

Well, better no trades than loss, anyways..
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