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Simple H1 GBPUSD EA

  • #2,561
  • May 15, 2010 12:02pm May 15, 2010 12:02pm
Quoting mistersimple
tdfx really fixed spreads? even during news?
then tdfx better than fxopen?
I have looked through everything on the tdfx website and I must admit it looks very interesting and I am thinking about opening a demo account with them.

The only thing I didn't like was the spread on GBPUSD at 4 on the mini account and 3 on the standard account.
  • #2,562
  • May 15, 2010 12:35pm May 15, 2010 12:35pm
I have been with them for a while, neither happy or displeased with them
Problem is the charts for a standard account are showing mini acct prices on the majors. They don't really seem to care about changing it either. As far as brokers , best experience I have had has been fxcm uk but that was not using MT4 either just their basic trading platform.
  • #2,563
  • May 15, 2010 1:35pm May 15, 2010 1:35pm
Quoting Spaghetti
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?
Mate i think you need to go and learn about MM, or this will be a costly lesson
  • #2,564
  • May 15, 2010 3:59pm May 15, 2010 3:59pm
Quoting kon5t
Mate i think you need to go and learn about MM, or this will be a costly lesson
Depending on leverage, I wonder what the margin requirement is for 8 orders at 0.1 lots!
  • #2,565
  • May 15, 2010 4:14pm May 15, 2010 4:14pm
Quoting geoffb65
Depending on leverage, I wonder what the margin requirement is for 8 orders at 0.1 lots!
7


but seriously that is 980pippers lost if you get it wrong, assuming you need around 50$ margin per mini..............

a 1200$ lesson that you won't forget in a hurry.
  • #2,566
  • May 15, 2010 6:14pm May 15, 2010 6:14pm
Quoting Spaghetti
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?
Hi Spaghetti!

It's a joke I hope!
Please 1 Ea at the time within a micro account could be reasonnable. Your first mission on Forex is to SURVIVE AND PRESERVE your account. Just that it's a lot of months of hard work knowing how FOREX market work.

EA coding has to be revised by the time because the market change.

Geoffb65 EA is based on price movement. Price movement could changed by the time. Look at the first post of this thread.

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

Be aware of the words "SEEM TO FOLLOW". this is not rock.

But if you'r full of money and want to have trill. Go for it.

But i have to say that this EA work very well by the time and sir Geoffb65 is doing a very good job out there(look at my post #2099)
I just believe in... Peace and good Karma!
  • #2,567
  • May 15, 2010 6:35pm May 15, 2010 6:35pm
Quoting Boxxie
I use TDFX (Tadawulfx) and have not missed a trade. They are a STP broker. Just note that on their FAQ it says that their server offset is +1 when in fact it is +2. (My guess is that it will change back to +1 in the winter.)
Hi All
Useing tdfx demo acct.

If I set GMToffset=2; the trades go off on the 0100 candle... Is this correct???
  • #2,568
  • May 15, 2010 9:38pm May 15, 2010 9:38pm
OK! Point taken.
I've been acting very greedily without thinking of the consequences.
Please bear in mind I've only been doing FX for the last 3 weeks. I'm still learning a truck full everyday. I have increased my live account from $975 to 1250 now and am happy as a pig in mud.

Come Monday I'll only use the 3-order v2 and see how we go.
I'll keep an eye out for the v7 on this thread as well.

Cheers to all.
  • #2,569
  • May 15, 2010 9:52pm May 15, 2010 9:52pm
Quoting calstock

I see your an Aussie....where are you? My daughter lives on the Gold Coast....Iam thinking of moving there next year....

The Gold Coast is only good if you like constant beautiful weather, glamourous people and white sandy beaches. Great place to retire for old farts. Only negative is that its full of Queenslanders.
I thought Bondi might be a better option for a Kiwi?

I'm in Sydney's northern suburbs and loving it.

Anyway, thanks to you, Geoff and others for continuing this terrific thread.
  • #2,570
  • May 15, 2010 11:46pm May 15, 2010 11:46pm
Quote
Spaghett
Quote
The Gold Coast is only good if you like constant beautiful weather, glamourous people and white sandy beaches. Great place to retire for old farts.

You have ticked all the boxes....

I also support Queensland......

I can just see myself.....with a 4x watching the boats go up and down the cannels.......
  • #2,571
  • May 16, 2010 4:54am May 16, 2010 4:54am
Quoting calstock
I can just see myself.....with a 4x watching the boats go up and down the cannels.......
For the uninformed: "XXXX" (that is its real name) is actually a beer that the whole state of Queensland drinks. Hated by the rest of the nation!

I'm guessing that beer is a drink of choice on this thread? It's a good weekend topic.

Cheers to all!
  • #2,572
  • May 16, 2010 10:02am May 16, 2010 10:02am
Geoff, guys,

i got another idea about dealing with stoploss here in some severe cases.
all we know that price is usually reacts for the important fib levels, so we can agree that (for example) the 75% level is the last important level, after which trend is considered as changed. in other words, if we opened a position and market moves in opposite direction more then 75% from OrderOpenPrice() to OrderStopLoss(), we should modify take profits to 0 (or may be in some small loss even) and wait when it returns back.
this is 2 days ago example, by 13th - here is everything ok, but if it would go over 75%, we should do the described above.
Attached Image
Attached File(s)
File Type: mq4 FibLevels.mq4   2 KB | 326 downloads
  • #2,573
  • May 16, 2010 10:30am May 16, 2010 10:30am
Quoting sashasan
Geoff,...
Here is another way to generate the fibo levels using the previous days high and low, 61.8% is a typical retracement for GBPUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: fibo.gif Size: 29 KB
  • #2,574
  • May 16, 2010 11:44am May 16, 2010 11:44am
Quoting Spaghetti
For the uninformed: "XXXX" (that is its real name) is actually a beer that the whole state of Queensland drinks. Hated by the rest of the nation!

I'm guessing that beer is a drink of choice on this thread? It's a good weekend topic.

Cheers to all!

Real Queenslanders drink Bundy Rum!!!!
  • #2,575
  • May 16, 2010 1:37pm May 16, 2010 1:37pm
Good evening everybody!

Waiting for a new tradingweek. Hope it will give us as many pips as last week.

Elovv
  • #2,576
  • May 16, 2010 2:29pm May 16, 2010 2:29pm
Quoting Elovv
Good evening everybody!

Waiting for a new tradingweek. Hope it will give us as many pips as last week.

Elovv
Good evening Elovv!
  • #2,577
  • May 16, 2010 2:39pm May 16, 2010 2:39pm
Geoff what indicators are you useing on your screen???? perhaps post a .tpl
  • #2,578
  • May 16, 2010 2:42pm May 16, 2010 2:42pm
hi all, as a newbie to the forex markets, i would apprecite if someone can help me decipher some of the lingo here and explain how i can make use of this strategy, at the moment i use igindex, and do not have mt4 am i correct that i would need to use mt4? as igindex do not suppot mt4 who can i use mt4 with? and would that mean i would have to trade with them? all answeres will be valued.
  • #2,579
  • May 16, 2010 3:45pm May 16, 2010 3:45pm
Hi Geoff

How many systems are You trading? I trade Your system + an easy manuell breakoutsystem GBPUSD + my maintrading system, a Tradestation parabolic system with swedish futures.

Its always exaiting sitting late sunday evening and guess what happens next day.

Elovv
  • #2,580
  • May 16, 2010 4:02pm May 16, 2010 4:02pm
Quoting Elovv
Hi Geoff

How many systems are You trading? I trade Your system + an easy manuell breakoutsystem GBPUSD + my maintrading system, a Tradestation parabolic system with swedish futures.

Its always exaiting sitting late sunday evening and guess what happens next day.

Elovv
I usually trade 3 EA's, one works through the night and the other two work through London & NY sessions, one on GBPUSD and one on EURUSD.

I do have others that I use occasionally but my three current ones are working very well so no need to use more!
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