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Simple H1 GBPUSD EA

  • #2,521
  • May 14, 2010 10:55am May 14, 2010 10:55am
"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!" --Geoff

Do these ECN brokers have MT4? I was looking at MBTrading as an ECN, but they only have something similar to MT4. Maybe MT4 isn't really necessary?
  • #2,522
  • May 14, 2010 11:00am May 14, 2010 11:00am
Hi Geoff!
Im trading this baby (V7) on LIVE IBFX micro (0.01) accounts since 3rd May and Im up with 3.09 USD.

The sweetest thing is that I loaded the EA and then I forget them. After few days what a surprise!!

Thank You for sharing. Im really greatful for this!!!
  • #2,523
  • May 14, 2010 11:11am May 14, 2010 11:11am
Calstock, Kerst, and anyone else trading manually: Would it be a good plan to start a short thread on trading this system manually along with the EA's?
  • #2,524
  • May 14, 2010 11:16am May 14, 2010 11:16am
Quoting mary4x
Do these ECN brokers have MT4? I was looking at MBTrading as an ECN, but they only have something similar to MT4. Maybe MT4 isn't really necessary?
mary4x, what's about this?

.ex4 file would run only on MT4 platform, no matter how they call that - MBM MetaTrader4, FXTrader4 or any other...
  • #2,525
  • Edited 11:35am May 14, 2010 11:24am | Edited 11:35am
That's fantastic, Sashasan! I'd been calling them for months to find out when they would be including MT4 and I finally gave up! I see there are a lot of adjustments that would have to be made to MBT MT4 from Generic MT4...
  • #2,526
  • May 14, 2010 11:48am May 14, 2010 11:48am
Quoting mary4x
"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!" --Geoff

Do these ECN brokers have MT4? I was looking at MBTrading as an ECN, but they only have something similar to MT4. Maybe MT4 isn't really necessary?
The EA only works on MT4.
  • #2,527
  • May 14, 2010 11:49am May 14, 2010 11:49am
Quoting carolco
Hi Geoff!
Im trading this baby (V7) on LIVE IBFX micro (0.01) accounts since 3rd May and Im up with 3.09 USD.

The sweetest thing is that I loaded the EA and then I forget them. After few days what a surprise!!

Thank You for sharing. Im really greatful for this!!!
The best way to trade!
  • #2,528
  • May 14, 2010 11:53am May 14, 2010 11:53am
Quoting mary4x
That's fantastic, Sashasan! I'd been calling them for months to find out when they would be including MT4 and I finally gave up! I see there are a lot of adjustments that would have to be made to MBT MT4 from Generic MT4...
u know, when i opened account with IBFX, i called 'em and asked is there any difference between original MT4 and their IBFX MT4, they were little confused ... waited some time and said ... well, u know, we just recently changed the logo name on it to "Interbank FX Trader 4"
  • #2,529
  • May 14, 2010 12:11pm May 14, 2010 12:11pm
Quote
mary4x

I think I have covered how I trade manually in conjuction with this EA....

Plus I really dont have the time to run or co-run a thread.....


If someone else whishes to start a thread based on the idea then I will be happy to pop in and add if i can...

  • #2,530
  • May 14, 2010 12:12pm May 14, 2010 12:12pm
Sashasan, IBFX is my current broker so I guess I should ask them if the adjustments to IBFX MT4 from generic MT4 are all made by IBFX with no changes to be made by the account holder. I haven't been notified that I need to make any. I'll also call MBTrading.

Calstock, I'll go back in the thread and pick up your suggestions re manual trading.

Thanks to you both.
  • #2,531
  • May 14, 2010 12:40pm May 14, 2010 12:40pm
Quoting mary4x
Calstock, Kerst, and anyone else trading manually: Would it be a good plan to start a short thread on trading this system manually along with the EA's?
Are you trying to use your feminine charms to lure calstock away from this thread?
  • #2,532
  • Edited 1:38pm May 14, 2010 1:18pm | Edited 1:38pm
There is no ATM machine on Forex.. Most have to learn how

to trade, or lose their accounts, no other way around..

Forget about Brokers and EA's.. Learn how to trade first.

That's the only way to go.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,533
  • May 14, 2010 2:34pm May 14, 2010 2:34pm
From Geoff: "Are you trying to use your feminine charms to lure calstock away from this thread?"

Wouldn't want to do that! Anyway, he's turned me down! lol
  • #2,534
  • May 14, 2010 3:25pm May 14, 2010 3:25pm
Quoting geoffb65
Error #0 usually means invalid lot size!

If it works on demo with no error messages it should work exactly the same on a live account.

Where it said error #0 in the journal was there any other lines that specified what that meant. When there is an error code we print the description on the next line?
Thanks for the reply Geoff. Lot size is set as 0.1 and Manual_Lot_Size is true.

The errors in the experts/logs file is listed as simply:

23:29:46 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:46 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:47 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:48 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:50 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:51 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:52 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:53 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:54 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:55 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 1 failed with error #0
23:29:56 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:29:57 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:29:58 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:30:00 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:30:00 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:30:02 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:30:03 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:30:04 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:30:05 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0
23:30:06 SimpleH1_GBPUSD_EAv7 GBPUSD,H1: Sell OrderSend 2 failed with error #0

The EA traded on the 10th of May with the exact same settings and no issue, seems bizarre!

Paul
  • #2,535
  • May 14, 2010 3:25pm May 14, 2010 3:25pm
Quoting SkyzerFX
There is no ATM machine on Forex.. Most have to learn how

to trade, or lose their accounts, no other way around..

Forget about Brokers and EA's.. Learn how to trade first.

That's the only way to go.
Probably you're right on this just as you were right on EUR/USD for the last months... Still buying the dips Skyzer??
  • #2,536
  • May 14, 2010 4:36pm May 14, 2010 4:36pm
Hi Calstock,

Hats off to you again! You predicted yesterdays outcome quite accurately. It's a privilege having you on this thread.
  • #2,537
  • May 14, 2010 4:41pm May 14, 2010 4:41pm
Quoting geoffb65
Error #0 usually means invalid lot size!

I've had the exact same problem as Couton.

I'm wondering if I've got too many EA's open at the same time.
I'm trying v5b, v7, v2 with 0.1 lots on a live $1200 account.

Could that be it?
  • #2,538
  • May 14, 2010 4:53pm May 14, 2010 4:53pm
Quoting Leeson
Probably you're right on this just as you were right on EUR/USD for the last months... Still buying the dips Skyzer??
Dude, I just trade differently.. Believe it or not,

I probably within 2% of those, who never go below Principal money

invested.. I never lose on FOREX, by that, I mean I played PROFIT money,

not what I deposit.

And even though I made some mistakes, I still up on the Account in total.

I can still Buy EU and win, figure out sometimes how to do that...

I know bobs from EU thread will never believe it, but why

should I care? Keep laughing I heard it's good for overall health..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,539
  • May 14, 2010 4:58pm May 14, 2010 4:58pm
Quoting SkyzerFX
Dude, I just trade differently.. Believe it or not,

I probably within 2% of those, who never go below Principal money

invested.. I never lose on FOREX, by that, I mean I played PROFIT money,

not what I deposit.

And even though I made some mistakes, I still up on the Account in total.

I can still Buy EU and win, figure out sometimes how to do that...

I know bobs from EU thread will never believe it, but why

should I care? Keep laughing I heard it's good for overall health..
In fact I agree with your fundamental outlook for the USD...! I guess time hasn't arrived yet but we will get there, no doubt about that!

Good luck with your trades!
  • #2,540
  • May 14, 2010 7:15pm May 14, 2010 7:15pm
Quoting SkyzerFX
There is no ATM machine on Forex.. Most have to learn how

to trade, or lose their accounts, no other way around..

Forget about Brokers and EA's.. Learn how to trade first.

That's the only way to go.
I agree with what I think SkyzerFX said here (and if I'm off SkyzerFX then it was, um, the beer tonight that did it too me, yeah that's it!)

Here is my take:
It would be a good idea for you ('you' being any trader) to understand the hows and whys of a system rather than just mashing the button for the system to 'go'.
As mentioned throughout this thread, the market can change such that this EA's setup is no longer valid (read back why Geoff limits backtesting).
A trade with this or any other EA may turn sour after automatically entering a position.
Question to yourself why a trade setup is 'okay'?
Are there times you (the trader) have NOT felt comfortable during a position with this EA?
I have felt off a few times and have committed myself to learning a better PA eye...
...and then I STILL may be uncomfortable with what this does but I'll have a better reason why instead of "button mash doesn't work" etc.
Check calstock's posts on manual trading and ask yourself why? There is some good direction there.
Check SkyzerFX's changes to SL and ask yourself why? Don't pay attention to this and you WILL lose money unless you answer this differently (micro account or willingness to lose your money maybe).

There are several other helpful and/or directional gems in this thread from people I have not even mentioned. Pay attention to those.

Being able to trade this method manually means understanding the pattern and the moves surrounding it (among other things I'm probably missing!).

Why does Geoff say he doesn't trade this manually? It isn't because he doesn't understand what is going on. (If you don't know you need to go back and read this thread)

Well, these have been just a few of my take aways and steps to learning more.

Okay enough said maybe for now other than, this happens to be a really nice EA to work with while learning ;-)

Heres to good trades and also more learning by newbs (like me).
/cheers

Kerst
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