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Simple H1 GBPUSD EA

  • #2,641
  • May 17, 2010 2:59am May 17, 2010 2:59am
Quoting Haishang
hi Dick,

did you try and test London and NY opening?

No, I just let it run. Didn't change a thing. I trade the London open every night, but not with an EA. I would guess that this would work. In my experience, if an EA works on one currency or one open, it will work on others as well. Not always, as my brush with the Aussie/$ proved, but most of the time. Either it is a valid method or not, and it should work in more than one place.

Dick
  • #2,642
  • May 17, 2010 3:43am May 17, 2010 3:43am
Quoting Dick
No, I just let it run. Didn't change a thing. I trade the London open every night, but not with an EA. I would guess that this would work. In my experience, if an EA works on one currency or one open, it will work on others as well. Not always, as my brush with the Aussie/$ proved, but most of the time. Either it is a valid method or not, and it should work in more than one place.

Dick
well, my backtesting experience is not as positive as your's apparently. But I found a slightly different set up for v7 in EUR/USD to be more positive:

t/p1 31
t/p2 47
ts/l 31
S/l 135
fsma 20
sma 197
start time 22:00
GMT offset 2

Bars in test 3026
Ticks modelled 3460251
Modelling quality 90.00%
Mismatched charts errors 0
Initial deposit 50000.00
Total net profit 1691.48
Gross profit 2503.00
Gross loss -811.52
Profit factor 3.08
Expected payoff 20.63
Absolute drawdown 13.00
Maximal drawdown 415.50 (0.82%)
Relative drawdown 0.82% (415.50)
Total trades 82
Short positions (won %) 66 (93.94%)
Long positions (won %) 16 (87.50%)
Profit trades (% of total) 76 (92.68%)
Loss trades (% of total) 6 (7.32%)
Largest
profit trade 48.60
loss trade -135.36
Average
profit trade 32.93
loss trade -135.25
Maximum
consecutive wins (profit in money) 34 (1093.76)
consecutive losses (loss in money) 2 (-270.72)
Maximal
consecutive profit (count of wins) 1093.76 (34)
consecutive loss (count of losses) -270.72 (2)
Average
consecutive wins 19
consecutive losses 2


If you want to check it out I can send you as well the files for it....
  • #2,643
  • May 17, 2010 4:48am May 17, 2010 4:48am
Quoting Haishang
GBPUSD got only 1 short and filled with v7

still cannot figure out why only one opened
Im on AlpariUK live as well and also only got 1 order opened today. Closed at TP though.

BR WR.
  • #2,644
  • May 17, 2010 4:53am May 17, 2010 4:53am
Quoting WackyRacer
Im on AlpariUK live as well and also only got 1 order opened today. Closed at TP though.

BR WR.
There are 10 re-tries on the OrderSend, there must have been a lot of re-quotes to get past them!

I use Alpari and had 2 orders on live and demo! lol!
  • #2,645
  • May 17, 2010 6:56am May 17, 2010 6:56am
Hi Geoff and everyone
My V7 opened 2 orders today morning and finished very nicely but got only 22+24 pips. It looks the second one reached the TSL and finished. Eventhough i lost the 100 PIPS, I am very happy with the result which came without looking it at all.

Thanks Again Geoff.
  • #2,646
  • May 17, 2010 7:07am May 17, 2010 7:07am
G'day Dick,

Did you use the EA default parameters for all those pairs?

Thanks heaps mate.

Quoting Dick
No, I just let it run. Didn't change a thing. I trade the London open every night, but not with an EA. I would guess that this would work. In my experience, if an EA works on one currency or one open, it will work on others as well. Not always, as my brush with the Aussie/$ proved, but most of the time. Either it is a valid method or not, and it should work in more than one place.

Dick
  • #2,647
  • May 17, 2010 7:09am May 17, 2010 7:09am
Quoting kvellimalai
Hi Geoff and everyone
My V7 opened 2 orders today morning and finished very nicely but got only 22+24 pips. It looks the second one reached the TSL and finished. Eventhough i lost the 100 PIPS, I am very happy with the result which came without looking it at all.

Thanks Again Geoff.
A win is a win!
  • #2,648
  • May 17, 2010 8:50am May 17, 2010 8:50am
Quoting geoffb65
That is impressive Dick!

I really must find some time to try other pairs!
Hi Geoff and Dick!

Have You backteted the other pairs for one year? I have and the best with original settings is GBPUSD.

Elovv
  • #2,649
  • May 17, 2010 8:55am May 17, 2010 8:55am
Can someone help me with this NFA problem?

I know hedging is not allowed but is FIFO part of the NFA restrictions?
  • #2,650
  • May 17, 2010 9:46am May 17, 2010 9:46am
Quoting geoffb65
Can someone help me with this NFA problem?

I know hedging is not allowed but is FIFO part of the NFA restrictions?
Just done a quick search. Check these out mate.

http://www.fxsolutions.com/notice/what-is-fifo.asp
http://blogs.fxstreet.com/fxpath/200...ule-for-forex/
  • #2,651
  • May 17, 2010 9:57am May 17, 2010 9:57am
Quoting whiteash
Just done a quick search. Check these out mate.

http://www.fxsolutions.com/notice/what-is-fifo.asp
http://blogs.fxstreet.com/fxpath/200...ule-for-forex/
Thanks whiteash, I don't think I am even going to try changing the EA to comply with FIFO, it looks like a major step backwards to me, back to my old manual trading days!
  • #2,652
  • May 17, 2010 10:38am May 17, 2010 10:38am
Quoting Boxxie
Nothing on TDFX and V7 tonight
Please Boxxie, I wonder if you can help out with this?

On the other thread I have had a couple of people having problems getting the 3 order EA to trade on TDFX, they get "invalid lot size" error.

They tell me that they are allowed a minimum lot size of 0.05 yet this is rejected and even 0.1 lot size is rejected.

Obviously you don't have a problem but can you throw any light on it?
  • #2,653
  • May 17, 2010 10:38am May 17, 2010 10:38am
Quoting geoffb65
Thanks whiteash, I don't think I am even going to try changing the EA to comply with FIFO, it looks like a major step backwards to me, back to my old manual trading days!
I think after the new leverage laws, it won't be a problem. No one will be using US brokers for trading.
  • #2,654
  • May 17, 2010 10:47am May 17, 2010 10:47am
Quoting sanyhuis
I think after the new leverage laws, it won't be a problem. No one will be using US brokers for trading.
I agree, are NFA trying to destroy the industry?
  • #2,655
  • May 17, 2010 10:53am May 17, 2010 10:53am
Quoting sanyhuis
I think after the new leverage laws, it won't be a problem. No one will be using US brokers for trading.
Whats about them? I have 50:1 on Oanda and 100:1 on IBFX. I have traded with this brookers for several Years without problems and think this leverage is enough for me.

Elovv
  • #2,656
  • May 17, 2010 10:58am May 17, 2010 10:58am
Quoting Elovv
Whats about them? I have 50:1 on Oanda and 100:1 on IBFX. I have traded with this brookers for several Years without problems and think this leverage is enough for me.

Elovv
But the NFA are proposing 10:1 maximum leverage!
  • #2,657
  • May 17, 2010 11:09am May 17, 2010 11:09am
Quoting geoffb65
But the NFA are proposing 10:1 maximum leverage!
Thats difference. I think with 10:1 no US brookers will survive. I have traded with Oanda for several Years, no stophunting, low spread, really like them. But not for EA:s. If 10:1 be a reality, I will close my US brookers accounts and go with a UK brooker.

Elovv
  • #2,658
  • May 17, 2010 11:27am May 17, 2010 11:27am
Quoting Elovv
Thats difference. I think with 10:1 no US brookers will survive. I have traded with Oanda for several Years, no stophunting, low spread, really like them. But not for EA:s. If 10:1 be a reality, I will close my US brookers accounts and go with a UK brooker.

Elovv
I think that's what most will do Elovv. It's a shame because the States brokers have been good over the last couple of years. But the best ones, with the capital, are opening up UK offices. So you will have the best of both worlds at your fingertips.
Maybe they are doing us a favor and we don't see it yet.
There's already FXCM, Forex.com, Alpari UK, and there'll be many more I'm sure. Oanda's been in business too long to let this stop them.
  • #2,659
  • May 17, 2010 12:02pm May 17, 2010 12:02pm
Quoting Elovv
If 10:1 be a reality, I will close my US brookers accounts and go with a UK brooker.

Elovv
- i asked IBFX about that and they told me there is no problem since they just opened office in Sydney and will open an office in London soon, in this case they can transfer your account over there!
As of i know, they did not go thru with 10:1 leverage, most of people in Congress rejected the plan, but even if it would happen, IBFX and others would simply unobey this rule and create a consolidation from large american brokers to fight it.
  • #2,660
  • May 17, 2010 12:27pm May 17, 2010 12:27pm
Quoting geoffb65
Can someone help me with this NFA problem?
I know hedging is not allowed but is FIFO part of the NFA restrictions?
Hedging should be available on any non-US brokers.

By the way, I see people trading different pair now? Other than Cable?

Be careful, because EURUSD is not at normal trading condition.

It could work for now because it's seems like 1-way street.

I think that Dollar will drop like a rock sooner or later. People selling

one Debt currency and buying Another one with even higher Debt..
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