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Simple H1 GBPUSD EA

  • #2,661
  • May 17, 2010 10:46am May 17, 2010 10:46am
Quoting SkyzerFX
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..
I agree with you Skyzer regarding the U.S. Dollar. Paul krugman, a VERY liberal (alleged) economist claims that the U.S. isn't like Greece and will grow its way out of debt. I don't see it. With trillions in debt and with health care costs and government payroll going up with the promise of increased taxes and inflation, I see the U.S. as having just as many, if not more, problems than Europe.
  • #2,662
  • May 17, 2010 12:00pm May 17, 2010 12:00pm
Maybe SMA 10 and SMA 197 is in different directions berween gmt 21-22?
  • #2,663
  • May 17, 2010 12:17pm May 17, 2010 12:17pm
Quoting Elovv
Maybe SMA 10 and SMA 197 is in different directions berween gmt 21-22?
Not looking good unless I ask it to move back down quickly!
  • #2,664
  • May 17, 2010 12:21pm May 17, 2010 12:21pm
Quoting geoffb65
Not looking good unless I ask it to move back down quickly!
Try! But Im taking the trade if sma10 not is to flat!

Elovv
  • #2,665
  • May 17, 2010 12:29pm May 17, 2010 12:29pm
Quoting sashasan
- 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.
FXDD has an office in Malta with 200:1 leverage, so FXDD should be fine. They do not transfer accounts, but Malta accounts can be opened from the same website as FXDD New York, so it should be fairly easy to close and "move to Malta" if staying with FXDD.
  • #2,666
  • May 17, 2010 12:39pm May 17, 2010 12:39pm
Quoting Elovv
Try! But Im taking the trade if sma10 not is to flat!

Elovv
The potential low is 1.3800, Februarys' low, but GBPUSD can, more often than not, do the unexpected!
  • #2,667
  • May 17, 2010 1:01pm May 17, 2010 1:01pm
Quoting paradoxical
I agree with you Skyzer regarding the U.S. Dollar. Paul krugman, a VERY liberal (alleged) economist claims that the U.S. isn't like Greece and will grow its way out of debt..
Exactly, cause they have no clue what they are talking about..

"GROW" out of debt.. Nothing is actually Growing. They are printing money

and spending, borrowing and spending, that's why it's a bailout bubble

driving economy. They need to start Saving and producing and they

doing exact appositive: printing and spending..

Peter Schiff know what he's talking about, knocking those

CNBC talking heads out:

Inserted Video
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  • #2,668
  • May 17, 2010 1:27pm May 17, 2010 1:27pm
Quoting SkyzerFX
Exactly, cause they have no clue what they are talking about..

"GROW" out of debt.. Nothing is actually Growing. They are printing money

and spending, borrowing and spending, that's why it's a bailout bubble

driving economy. They need to start Saving and producing and they

doing exact appositive: printing and spending..

Peter Schiff know what he's talking about, knocking those

CNBC talking heads out:

http://www.youtube.com/watch?v=teN4AnVMi8Y
Interesting video, Skyzer. When you stop and think about where the United Staes will get a trillion dollars, they either have to borrow it (from China), raise taxes or print more money, making the existing currency less valuable because of the introductioon of printed money.

As Schiff said, the current socialist type government we have with so many liberals in high places, craves to impose new and costly regulations on industry, and they are and will. They are so clueless that they think regulations and the global warming regulations CREATE jobs rather than destroy them.

They are itching to raise taxes, and they will have to. Obama has already hinted he is not opposed to looking at a VAT. This will be needed to reduce the MASSIVE debt Obama incurred with the bailouts of the banks and GM, giving people $5,000.00 to buy cars, two stimulus packages.

Some people don't realize just how much a trillion dollars is. I hate to think of it, but Schiff is right. The handwriting is on the wall. Our debt is worse than Europe, and they are rioting in the streets in Greece because the pampered pups that work for the governbment don't want any cuts.

When I say "trillion", we are in debt by not just ONE trillion, but MANY trillions. We can't grow our way out of that kind of debt. Government doesn't create jobs. Only capitalism does. Government can only spend money.
  • #2,669
  • May 17, 2010 1:42pm May 17, 2010 1:42pm
Quoting paradoxical
Interesting video, Skyzer. When you stop and think about where the United Staes will get a trillion dollars, they either have to borrow it (from China), raise taxes or print more money, making the existing currency less valuable because of the introductioon of printed money.

As Schiff said, the current socialist type government we have with so many liberals in high places, craves to impose new and costly regulations on industry, and they are and will. They are so clueless that they think regulations and the global warming regulations CREATE jobs...
This is interesting stuff guys but what effect will it have on our EA?

I don't see v7 trading tonight unless the 10 SMA takes a sudden dive south so that leaves the v5 to possibly, fractals permitting, place a dangerous long.

This should be interesting!
  • #2,670
  • May 17, 2010 1:48pm May 17, 2010 1:48pm
Quoting geoffb65
This is interesting stuff guys but what effect will it have on our EA?

I don't see v7 trading tonight unless the 10 SMA takes a sudden dive south so that leaves the v5 to possibly, fractals permitting, place a dangerous long.

This should be interesting!
I do it

Whats most profit, ver7 or ver5 last 12 months?

When SMA10 is flat I only let it trade in the direction of SMA197, but tonight I let it run. But its easy to do so with my mini account, dont now what I have done if I have traded with real money.
  • #2,671
  • May 17, 2010 1:56pm May 17, 2010 1:56pm
Quoting Elovv
I do it

Whats most profit, ver7 or ver5 last 12 months?

When SMA10 is flat I only let it trade in the direction of SMA197, but tonight I let it run. But its easy to do so with my mini account, dont now what I have done if I have traded with real money.
With real money - I stick with v7 and not trade!

If I were trading demo I think I would favour a short, but then that is why I don't trade manually any more!
  • #2,672
  • May 17, 2010 2:00pm May 17, 2010 2:00pm
Quoting geoffb65
With real money - I stick with v7 and not trade!
I stick with my IBFX mini $50 acc and trade. Im sure I have told You what happens with a $50 acc if future is as last year?

Elovv
  • #2,673
  • May 17, 2010 2:13pm May 17, 2010 2:13pm
Quoting geoffb65
This is interesting stuff guys but what effect will it have on our EA?
Yeah, Sorry Geo, for temp Off topic. I'm feeling like today

EA should take long We'll see..
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  • #2,674
  • May 17, 2010 2:15pm May 17, 2010 2:15pm
Quoting SkyzerFX
Yeah, Sorry Geo, for temp Off topic. I'm feeling like today

EA should take long We'll see..
No problem Sky, you know I always look forward to your posts!
  • #2,675
  • Edited 2:53pm May 17, 2010 2:17pm | Edited 2:53pm
Quoting geoffb65
With real money - I stick with v7 and not trade!

If I were trading demo I think I would favour a short, but then that is why I don't trade manually any more!
Well she ranged for most of the day after that big fall but thats normal....we will have to wait and see when Tokyo opens but early indication is pointing to a possible move up to 1.4510 to 1.4564 area....

But we may see more movement when Tokyo opens. This could go either way....or range all day..

The Version 7 will not trade today....so any positions I would sugest tight TP and SL.....

If in any doubt stay out..

My view
  • #2,676
  • May 17, 2010 3:01pm May 17, 2010 3:01pm
Here's a version for GFT users, it's slightly different than the author's, and this version does not require ctldll (a gft dll with advanced functions).

How to install:
-Open Chart Studio
-Copy code and paste into new document.
-Save
-Click on the install icon

How to Use
-Open 2 HR GBP/USD chart
-Set time zone to EDT (Eastern Daylight Time, New York)
-Click Setup Strategies icon on the top toolbar.
-Choose strategy "gbp_sma"

Download history to backtest, it will auto backtest just by selecting the strategy.
  • #2,677
  • May 17, 2010 3:01pm May 17, 2010 3:01pm
strategy gbp_sma; //use on 2hour chart

input lots = 1, tp = 10, FPL_SL = 40;
vars lst(number), price = close,sma1(series),sma2(series),hr_bar(number),fpl_hit=false;

begin
sma1 := SMA(close,10);
sma2 := SMA(close,25);


lst := back(close);
if lst <= front(close) + 30 then return;
hr_bar := hour(timestamp[lst]);

if fpl()<= (-(FPL_SL) * lots) then fpl_hit := true;
if fpl() >= (tp*lots) or fpl_hit = true then
begin
if short() then exitshort();
if long() then exitlong();
end;

if (hr_bar = 18) AND (sma1[lst] > sma1[lst-1]) then
begin
if short() then exitshort() ;
buy(lots);
end;

if (hr_bar = 18) AND (sma1[lst] < sma1[lst-1]) then
begin
if long() then exitlong() ;
sell(lots);
end;


end.
  • #2,678
  • May 17, 2010 3:32pm May 17, 2010 3:32pm
Quoting calstock
Well she ranged for most of the day after that big fall but thats normal....we will have to wait and see when Tokyo opens but early indication is pointing to a possible move up to 1.4510 to 1.4564 area....

But we may see more movement when Tokyo opens. This could go either way....or range all day..

The Version 7 will not trade today....so any positions I would sugest tight TP and SL.....

If in any doubt stay out..

My view
I put the start time for EURUSD at 23:00 GMT, v7 of course is doing nothing but v5a/b is going in with a long at 1.23941 for those who believe that centralbank buying will help to keep the uptrend in Asia
  • #2,679
  • May 17, 2010 3:46pm May 17, 2010 3:46pm
Quoting Haishang
I put the start time for EURUSD at 23:00 GMT, v7 of course is doing nothing but v5a/b is going in with a long at 1.23941 for those who believe that centralbank buying will help to keep the uptrend in Asia

Theres no doubt....theres a up move on the longer TF's but iam getting mixed on the lower TF's...

But the whole thing could be a retraction from yesterdays falls and it will correct and continue the move down...

But to confirm a move up it needs to move and hold above 1.5050 ish level is required...

We will wait and see....let the market tell us...
  • #2,680
  • May 17, 2010 3:47pm May 17, 2010 3:47pm
Quoting geoffb65
No problem Sky, you know I always look forward to your posts!
Thanks.!

"April consumer confidence data for Japanese households is on tap for Tuesday, headlining a light day for Asia-Pacific economic activity.
Analysts are expecting an index score of 42.0 up from 40.9 in March"

Not sure of exact time when this data will come out though.

If data is good, then Japanese stocks will advance, YEN will weaken,

risk currencies should rise approving LONG scenario.
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