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Simple H1 GBPUSD EA

  • #2,341
  • May 13, 2010 3:38am May 13, 2010 3:38am
Quoting Gridder
Back in the black, let's ride this baby home !
Agreed!

I hate this type of trade....

I designed the EA strategy so that I could go to sleep before it traded then wake up to find it was finished with a nice profit!

Today, I woke up way in the red and have had to wait all this time for it to work, most inconsiderate!
  • #2,342
  • May 13, 2010 3:42am May 13, 2010 3:42am
bugaga .. very nice move
  • #2,343
  • May 13, 2010 3:46am May 13, 2010 3:46am
Quoting geoffb65
Agreed!

I hate this type of trade....

I designed the EA strategy so that I could go to sleep before it traded then wake up to find it was finished with a nice profit!

Today, I woke up way in the red and have had to wait all this time for it to work, most inconsiderate!
I left home this morning as the loss was at its biggest (and tempted to close out fearing the worst) but upon arriving in the office both trades already closed in profit. I shall try and never doubt things again. Maybe I shouldn't even look at my account until about lunchtime most days.

Paul
  • #2,344
  • May 13, 2010 3:51am May 13, 2010 3:51am
Quoting mistersimple
bugaga .. very nice move
  • #2,345
  • May 13, 2010 3:52am May 13, 2010 3:52am
Quoting paulbt38
I left home this morning as the loss was at its biggest (and tempted to close out fearing the worst) but upon arriving in the office both trades already closed in profit. I shall try and never doubt things again. Maybe I shouldn't even look at my account until about lunchtime most days.

Paul
All I can say is phew!
  • #2,346
  • May 13, 2010 3:55am May 13, 2010 3:55am


I know it's the way the market moves that counts but this trade has further enforced my belief in this system. Well done Geoff

I know about the back testing results but I would like to here from people who have ran the various versions live (demo or real). How many wins they've had and pip numbers (roughly) also how many losses.
  • #2,347
  • May 13, 2010 4:22am May 13, 2010 4:22am
Quoting geoffb65
All I can say is phew!
I have tried in my mind to see the negatives in this concept of trading and I am comming up nill. I have even added this strategy to my manual trading. It works folks no questions about it.
  • #2,348
  • May 13, 2010 4:27am May 13, 2010 4:27am
Quoting geoffb65
London opens in 15 minutes!
I nodded off and woke up to the good news. I never broke a sweat!
If you're scared get a dog.
  • #2,349
  • May 13, 2010 4:30am May 13, 2010 4:30am
Quoting mgs1f
I have tried in my mind to see the negatives in this concept of trading and I am comming up nill. I have even added this strategy to my manual trading. It works folks no questions about it.
  • #2,350
  • May 13, 2010 4:31am May 13, 2010 4:31am
Quoting Boxxie
I nodded off and woke up to the good news. I never broke a sweat!
Great! Actually we should thank Gridder, he turned it around!
  • #2,351
  • May 13, 2010 5:53am May 13, 2010 5:53am
Quoting calstock
Ok...its building momemtum to break 1.4817......

If it breaks then Iam looking for TP 1.4770...

WOW!!

You were so dead right, it was incredible.

I was able to let my trades run just as the EA would have. I took TP1 and TP2.

Your understanding of the numbers is legendary!
  • #2,352
  • May 13, 2010 6:14am May 13, 2010 6:14am
Dear All,

This post is for newbies. Of course, it is also for those people who went through the almost fell off the cliff kind of trade today. I do not want to or intend to offend anyone reading this post. I am just expressing myself, or rather talking to myself, like in a blog.

I ask myself before i use this EA, do i:

1. know and understand the logic behind the EA?
2. like the profit potential this EA presents?
3. accept the risks involved in achieving the profit potential?
4. want to go live with the EA?

If any one of my answers to the above points is no, i will not use the EA. The
end of the story. If yes, then i look forward in printing money like a xerox copy machine!

When the EA is doing the job, like us humans, we may be distracted by other things in life before going to where we want to go, i tell myself to remain emotionless. If it hits TP, wonderful! If it hits SL, tomorrow never dies! That is the kind of mindset i have for using this EA.

I am not saying i did not go through the kind of feeling most of us get trading this EA live today. Trust me, i have them. It just that i know my manual trades are at pre-school level, so i just leave it to the EA.

Countless pips to ALL!

福 子 Victor V
  • #2,353
  • May 13, 2010 6:17am May 13, 2010 6:17am
Quoting Haishang
EURUSD 2 shorts at 1.26276
GBPUSD 2 shorts at 1.48353

both Alpari uk live on v7
How they go? I got 2 loses because of my own 75 SL

If you have default 140 SL those should be winners..

Cable very volatile.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,354
  • May 13, 2010 6:20am May 13, 2010 6:20am
Just a few pips more on Stop loss would save this trade:
Attached Image (click to enlarge)
Click to Enlarge Name: cable_h1_05_13.jpg Size: 103 KB
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,355
  • May 13, 2010 6:27am May 13, 2010 6:27am
Geoff,

I noticed that in your FXSTATS with v7, the second trade went to TP2. I always thought the second trade is with TSL. Am i missing something?

I am still with v5b. Will run 3 orders version next starting next week.

福 子 Victor V
  • #2,356
  • May 13, 2010 6:29am May 13, 2010 6:29am
Quoting SkyzerFX
How they go? I got 2 loses because of my own 75 SL

If you have default 140 SL those should be winners..

Cable very volatile.
Last week i did adjust the SL to 75 pips. This week and forward, i decided to tick to what's default. I think it really pays off.

福 子 Victor V
  • #2,357
  • May 13, 2010 6:42am May 13, 2010 6:42am
Quoting camvcvoo
Geoff,

I noticed that in your FXSTATS with v7, the second trade went to TP2. I always thought the second trade is with TSL. Am i missing something?

I am still with v5b. Will run 3 orders version next starting next week.

The TSL on the second order is 22, but when the price moves smoothly, as it did today, the TSL does not get hit!
  • #2,358
  • May 13, 2010 6:50am May 13, 2010 6:50am
Quoting geoffb65
The TSL on the second order is 22, but when the price moves smoothly, as it did today, the TSL does not get hit!
Oh!

Poor me, my second trade hit TSL at +3.9 pips only!

Now, it gives me more reason to use 3 order version! Period!

福 子 Victor V
  • #2,359
  • May 13, 2010 6:51am May 13, 2010 6:51am
Quoting geoffb65
Great! Actually we should thank Gridder, he turned it around!
Hehe, anytime Geoff !
  • #2,360
  • May 13, 2010 6:52am May 13, 2010 6:52am
Quoting camvcvoo
Oh!

Poor me, my second trade hit TSL at +3.9 pips only!

Now, it gives me more reason to use 3 order version! Period!

Oh NO only a small profit!
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