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Simple H1 GBPUSD EA

  • #2,501
  • May 14, 2010 3:48am May 14, 2010 3:48am
I set it and forgot about it. I just checked and saw that I'm out of the trade plus 46 pips total. I took 4 trades in 5 days and hit them all. Thank you Geoff and all the positive vibes on this thread.
If you're scared get a dog.
  • #2,502
  • May 14, 2010 3:50am May 14, 2010 3:50am
Quoting Boxxie
I set it and forgot about it. I just checked and saw that I'm out of the trade plus 46 pips total. I took 4 trades in 5 days and hit them all. Thank you Geoff and all the positive vibes on this thread.
Very nice!
  • #2,503
  • May 14, 2010 3:56am May 14, 2010 3:56am
Quoting dambuster
5 well deserved starts awarded
Many thanks!
  • #2,504
  • May 14, 2010 4:26am May 14, 2010 4:26am
Quoting sanyhuis
Happy Birthday a day late!
Thank you Sandra!

I am out off here...finally I think it is better to adjust EURUSD v7 from S/l65 to 135...that reduces the loss trades this year from 12 to 8...still a lot but overall profitability still ok....

I keep you posted...EUR/USD was a rollercoaster again today but we managed to get out with 32 and 4 so after all ok.

Great weekend to everybody and looking forward to everyone next week!!!

Roman
  • #2,505
  • May 14, 2010 4:41am May 14, 2010 4:41am
Quoting Haishang
Thank you Sandra!

I am out off here...finally I think it is better to adjust EURUSD v7 from S/l65 to 135...that reduces the loss trades this year from 12 to 8...still a lot but overall profitability still ok....

I keep you posted...EUR/USD was a rollercoaster again today but we managed to get out with 32 and 4 so after all ok.

Great weekend to everybody and looking forward to everyone next week!!!

Roman
Party time for you

Enjoy the weekend!

福 子 Victor V
  • #2,506
  • May 14, 2010 7:13am May 14, 2010 7:13am
Quoting mistersimple
working better with 4 digit brokers?
I have 5 digit brokers 2 EAs 6 and 7 took 2 shorts each

and 4 wins.. I widen my stop loss from 75 to 89
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,507
  • May 14, 2010 8:05am May 14, 2010 8:05am
Manually traded it like I was using v4 so pulled 22 pips.

Had a technical glitch and when I got everything back up and running it was past time for trading via the EA so manual I went. I'm happy with it :-)
On Tadawul FX demo account (GMT +1) - btw, they are a STP broker and seem to be working fine for this EA, though I'm only on demo thus far, so not sure if that would stay the same for them when the money is real.

Kerst
  • #2,508
  • May 14, 2010 8:07am May 14, 2010 8:07am
Quoting zealvix
anyone using this EA live on a STP or an ECN broker? Does it perform better on them? ( profit, consistent trading especially winning trades etc)
Zealvix - I have been testing on Tadawul FX demo account; they are an STP broker. Seems to work fine thus far...again just demo though.
  • #2,509
  • May 14, 2010 8:13am May 14, 2010 8:13am
Quoting dambuster
5 well deserved starts awarded
Same here! I just had myfirst trade + 46 total on FXDD. Thanks Geoff! How gifted you are! How generous you are with your gift!
  • #2,510
  • May 14, 2010 8:33am May 14, 2010 8:33am
Quoting lawgirl21
Same here! I just had myfirst trade + 46 total on FXDD. Thanks Geoff! How gifted you are! How generous you are with your gift!
Many thanks!
  • #2,511
  • May 14, 2010 8:36am May 14, 2010 8:36am
Quoting Haishang
Thank you Sandra!

I am out off here...finally I think it is better to adjust EURUSD v7 from S/l65 to 135...that reduces the loss trades this year from 12 to 8...still a lot but overall profitability still ok....

I keep you posted...EUR/USD was a rollercoaster again today but we managed to get out with 32 and 4 so after all ok.

Great weekend to everybody and looking forward to everyone next week!!!

Roman
Hi there, but reducing No of losses does not equalize better performance. Math is simple here. S/L 65 - total 130 per loser, in pips 12 times total (-1560 pips), S/L 135 - 270 per loser,- in pips 8 times (-2160). Sure if you add 4 winners instead of losers, on average 40 pips, you still come out better with S/L of 65, not to mention smoother equity curve. What is your lot size after loss of 130 pips and what is lot size after loss of 270 pips? Takes longer to recover and therefore overall profitability is a bit worse. I personally take smaller loses more frequently than loosing a big chunk of my account on one wrong move. If my calculations are a bit off please advise.
  • #2,512
  • May 14, 2010 8:44am May 14, 2010 8:44am
Quoting Kerst
Zealvix - I have been testing on Tadawul FX demo account; they are an STP broker. Seems to work fine thus far...again just demo though.
Hi Kerst.

I have tested the EA on ACTbrokers, they are ECN and it works fine!

I am still waiting for my account to be approved by another ECN broker, then I will go live, I think ECN should give better results!
  • #2,513
  • May 14, 2010 8:44am May 14, 2010 8:44am
hey geoff what does mean by negative or positive slop.
  • #2,514
  • May 14, 2010 8:51am May 14, 2010 8:51am
Quoting armaan
hey geoff what does mean by negative or positive slop.
Negative means sloping down from left to right and positive means sloping up from left to right!
  • #2,515
  • May 14, 2010 9:06am May 14, 2010 9:06am
Does anyone know what this means? I have had 2 trades on Tuesday this week between the 2 EAs. (both closed in profit on demo) Since then both EAs have been giving this message in the journal.

Old tick GBPUSD60 1.45746/1.45771
Old tick GBPUSD1440 1.45746/1.45771
Old tick GBPUSD15 1.45746/1.45771
Old tick GBPUSD5 1.45746/1.45771

And so on......probably 100 lines of this in the journal.

Broker is GoMarkets.

Many thanks.

Carol
  • #2,516
  • May 14, 2010 9:10am May 14, 2010 9:10am
Quoting Eureka
Does anyone know what this means? I have had 2 trades on Tuesday this week between the 2 EAs. (both closed in profit on demo) Since then both EAs have been giving this message in the journal.

Old tick GBPUSD60 1.45746/1.45771
Old tick GBPUSD1440 1.45746/1.45771
Old tick GBPUSD15 1.45746/1.45771
Old tick GBPUSD5 1.45746/1.45771

And so on......probably 100 lines of this in the journal.

Broker is GoMarkets.

Many thanks.

Carol
This is nothing to do with the EA it looks like broker updates or revisions to the timeframe data!
  • #2,517
  • May 14, 2010 9:18am May 14, 2010 9:18am
Geoff,

I'm a long time trader who just started getting back into Forex. I salute you and thank you much for this EA... simply amazing!!

Your building LOTS of good karma (along with the others who share on this thread)

Forex is a tough racket... but this EA seems to hold it's own.

Thank you again and keep up the good work!!
  • #2,518
  • May 14, 2010 9:19am May 14, 2010 9:19am
Quoting audionut
Geoff,

I'm a long time trader who just started getting back into Forex. I salute you and thank you much for this EA... simply amazing!!

Your building LOTS of good karma (along with the others who share on this thread)

Forex is a tough racket... but this EA seems to hold it's own.

Thank you again and keep up the good work!!
Many thanks!
  • #2,519
  • May 14, 2010 9:36am May 14, 2010 9:36am
1. 2nd day - closed both the orders in profit.
23 pips and 23 pips.. good work Geoff.


2. Next, my backtesting of (2001- to 2006) indicates that - we can get more profitable, if TP1 = 30, TP2 = 50 (same as current) and SL = 100.
Still testing..if any one interested, I can send/post the strategy report.

I am still testing.. trying to optimize this great EA (Thank you Geoff).
  • #2,520
  • May 14, 2010 10:48am May 14, 2010 10:48am
Quoting geoffb65
I agree, but I hate manual trading, probably because I am useless at it!

I have traded the EA on a live micro account some time ago and it worked extremely well but I have designed many EA's since then and did not keep the original statistics.
How would someone go about trading this ea manually? watch ma's if down at NY close you would sell , if up you would buy?

Could you explain this to me in case the EA won't work on my platform.

Thank you

Great job
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