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Simple 3 order GBPUSD EA

  • #141
  • May 13, 2010 12:53am May 13, 2010 12:53am
Quoting Neller
sorry for asking stupid questions but i am new to this thread. Great ea you have. The vhigh settings what does that change in the ea?
If you use MM there are Low risk, Med risk, High risk and VHigh risk options.
With the Vhigh risk you can choose your own %.
  • #142
  • May 13, 2010 12:56am May 13, 2010 12:56am
Ok that i do understand but. It has a fix sl in and you choose a fix order size. So what does the vhigh setting do or is it that if you use the vhigh setting that the ea desdides youre lot size?

Quoting geoffb65
If you use MM there are Low risk, Med risk, High risk and VHigh risk options.
With the Vhigh risk you can choose your own %.
  • #143
  • May 13, 2010 1:07am May 13, 2010 1:07am
Quoting Neller
Ok that i do understand but. It has a fix sl in and you choose a fix order size. So what does the vhigh setting do or is it that if you use the vhigh setting that the ea desdides youre lot size?
Exactly, when you use MM the EA determines your Lot size based on the risk level you have chosen as a percentage of your equity.
  • #144
  • May 13, 2010 1:10am May 13, 2010 1:10am
I found my metatrader crashed this morning and now with 3 shorts open. I'm a bit worried it missed to close them this night. Should I close them manually?
  • #145
  • May 13, 2010 1:10am May 13, 2010 1:10am
in backtest the ea works great youre the designer of it. so do you see it working great in the long run? And in youre experience what is the best broker to use for this ea?

Quoting geoffb65
Exactly, when you use MM the EA determines your Lot size based on the risk level you have chosen as a percentage of your equity.
  • #146
  • May 13, 2010 1:29am May 13, 2010 1:29am
Quoting stifland
I am running original system from post 1 before I saw there were revisions. I show an entry for 3 short at1.4836.
So I hope this is working correctly and we shall see and I will update, this is a live trade with micro-lots.

And my entries show to be at 2:36. Does this mean offset is wrong? I have it set to 3 using forexmeta(fxdd)
Same here 3 shorts @ 1.48353 opened on 01:35 GMT+2

My metatrader crashed this night and I'm worried it missed to close them. Let's see how things will go.
  • #147
  • May 13, 2010 1:39am May 13, 2010 1:39am
Quoting Emanuele
Same here 3 shorts @ 1.48353 opened on 01:35 GMT+2

My metatrader crashed this night and I'm worried it missed to close them. Let's see how things will go.
We need to see what London does in twenty minutes!
  • #148
  • May 13, 2010 1:41am May 13, 2010 1:41am
Quoting Neller
in backtest the ea works great youre the designer of it. so do you see it working great in the long run? And in youre experience what is the best broker to use for this ea?
Who knows long term, the best broker is the one with the lowest spread!
  • #149
  • May 13, 2010 1:42am May 13, 2010 1:42am
Quoting geoffb65
We need to see what London does in twenty minutes!
Did your trades close, geoff? Just wondering if my crash made some mess.
  • #150
  • May 13, 2010 1:48am May 13, 2010 1:48am
Quoting Emanuele
Did your trades close, geoff? Just wondering if my crash made some mess.
No they are still open and in the red!
  • #151
  • May 13, 2010 1:55am May 13, 2010 1:55am
Quoting geoffb65
No they are still open and in the red!
Thank god I'm using small lots for now. I might disable v5 and v7... I think they caused the crash this night acting all together.

The only survived orders were the 3 ones of the latest EA.
  • #152
  • May 13, 2010 2:14am May 13, 2010 2:14am
And if the TP were 20 or 18 ?
or breakeven set at 18 ?
  • #153
  • May 13, 2010 2:26am May 13, 2010 2:26am
Same here 3 open @ 1:35 found my mule off few minutes ago...
Emanuelle did you manualy close them? It was my first night running the camvcvooV2a.......
  • #154
  • May 13, 2010 3:02am May 13, 2010 3:02am
No, still open yet. I think it will come down in the next hours. I catched that drop manually and even if the EA is messing I'd loose only the previous profit.
  • #155
  • Edited 3:31am May 13, 2010 3:19am | Edited 3:31am
Quoting geoffb65
No they are still open and in the red!
Morning,

First don`t mind my english, it`s not one of the best, but i try as it`s not my native language.

I want to trade this system manually because i`m convinced that many brookers have some tricks to get our EA failed when we launched it in live.

I am a newbie and i have read a lot about your system, and i have some questions.

I read somewhere that the nest time to trade it manually is to trade one hour after the NY close, but when i compare with the last EA, i think it trades at the NY close and not onhe hour later. I have put it on Alpari so GMT Offset is 2, and the start time give is 23:00

And and about your SMA 10 and 197 ? is it simple moving average 10 and 197 ? or slope moving average 10 and 197 . . . Sorry if it`s a so stupid question . . .

And can i use both of them to filter my entries ??

Thank you
  • #156
  • May 13, 2010 3:33am May 13, 2010 3:33am
Quoting killer_pips
Morning,...
Your English is fine!

The start time is some time during the 23:00 GMT candle which is the hour before Tokyo open.
We look at the slope of the 10 SMA between the previous 2 candles, 21:00 to 22:00 GMT, if this slope is the same as the 197 SMA we can consider a trade. Last night both SMA's were negative so we look for a short entry point.

The EA looks at fractals in the M15 and M5 timeframes to find an entry point.

You probably have your own manual method for deciding when to enter.

The idea is that whatever the trend is for the two hours after NY closes will be followed for the next several hours and this is 90% true, so far!

The Tokyo market often goes against us but this presents a good opportunity for manual traders to place their orders at a better price, the EA has to take more of a compromise position which is not as good.

I hope this helps!
  • #157
  • May 13, 2010 3:50am May 13, 2010 3:50am
All three trades closed in profit. Great. I doubled the pips with my manual short.

I think I might disable v5 and v7 at this point and stick with the latest EA. Switching lots from 0.06 to 0.07 for next night.

Green pips to all you guys, and thanks to Geoff. You're a superstar with your generosity.
  • #158
  • May 13, 2010 3:51am May 13, 2010 3:51am
Quoting geoffb65
The start time is some time during the 23:00 GMT candle which is the hour before Tokyo open.
We look at the slope . . .

I hope this helps!
Yess it`ll help.

Thank you for your explainations.

I satisfied, i`ll try it and continue to follow your exellent thread . . .
  • #159
  • May 13, 2010 3:53am May 13, 2010 3:53am
Quoting Emanuele
All three trades closed in profit. Great. I doubled the pips with my manual short.

I think I might disable v5 and v7 at this point and stick with the latest EA. Switching lots from 0.06 to 0.07 for next night.

Green pips to all you guys, and thanks to Geoff. You're a superstar with your generosity.
It was a while coming but we got there in the end!
  • #160
  • May 13, 2010 3:56am May 13, 2010 3:56am
Quoting Emanuele
All three trades closed in profit. Great. I doubled the pips with my manual short.

I think I might disable v5 and v7 at this point and stick with the latest EA. Switching lots from 0.06 to 0.07 for next night.

Green pips to all you guys, and thanks to Geoff. You're a superstar with your generosity.
BTW, my 3rd order is still running, TP 1.4755, it might not reach that but at worst case it will make 10 pips!
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