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Simple H1 GBPUSD EA

  • #2,841
  • May 19, 2010 7:44am May 19, 2010 7:44am
Quoting camvcvoo
What your test just proves that people's expectation of achieving higher profits must also expect that higher risks will be involved.

The problem is the drawdown when the price goes against us through the Tokyo session!
  • #2,842
  • May 19, 2010 7:47am May 19, 2010 7:47am
Quoting geoffb65
OGSOF - Old Grumpy Sad Olf Farts Club?
When we all meet in Monte Carlo I thought it would be a good idea to do a bit of fishing....so I thought this may do us..


Ok I have to go make some money.....( to pay the bills ) see you later in the morning....
Attached Image
  • #2,843
  • May 19, 2010 7:56am May 19, 2010 7:56am
On TDFX demo
Simple GBPUSD_EAv5b
TP1 22
TSL 21


Simple GBPUSD_EAv7
TP1 22
TSL 22
All entries were triggered @ 1.4302
Geoff tonight I will put the latest version on. It's really amazing to wake up to such great results
  • #2,844
  • May 19, 2010 8:00am May 19, 2010 8:00am
Quoting Chantalb
On TDFX demo
Simple GBPUSD_EAv5b
TP1 22
TSL 21


Simple GBPUSD_EAv7
TP1 22
TSL 22
All entries were triggered @ 1.4302
Geoff tonight I will put the latest version on. It's really amazing to wake up to such great results
  • #2,845
  • May 19, 2010 8:01am May 19, 2010 8:01am
Quoting calstock
When we all meet in Monte Carlo I thought it would be a good idea to do a bit of fishing....so I thought this may do us..


Ok I have to go make some money.....( to pay the bills ) see you later in the morning....
I'll wave to you from my row-boat!
  • #2,846
  • May 19, 2010 8:09am May 19, 2010 8:09am
And I'll be the guy waving from the lilo....
  • #2,847
  • May 19, 2010 8:13am May 19, 2010 8:13am
Quoting dambuster
And I'll be the guy waving from the lilo....
Ah, you must know lilo lil?
  • #2,848
  • May 19, 2010 8:15am May 19, 2010 8:15am
And I'll just stay on the beach and watch all the boats go by......Or is that Mexico I'm thinking of!?!
  • #2,849
  • May 19, 2010 8:15am May 19, 2010 8:15am
Hey you 30 lurkers, don't you have anything to contribute!
  • #2,850
  • May 19, 2010 8:17am May 19, 2010 8:17am
Quoting calstock
When we all meet in Monte Carlo I thought it would be a good idea to do a bit of fishing....so I thought this may do us..


Ok I have to go make some money.....( to pay the bills ) see you later in the morning....
I am really looking forward to Monte Carlo

Oh, did you say young chicks are thrown in as bonus for going on a fishing trip?

福 子 Victor V
  • #2,851
  • May 19, 2010 8:19am May 19, 2010 8:19am
Hi Geoff

For MM, I will risk 10%/day. If I will add just a risk of 1 lotsize 140 pip I guess I can use ver4? If I remember correct ver4 is the same as ver5 but only 1 trade?

Elovv
  • #2,852
  • May 19, 2010 8:22am May 19, 2010 8:22am
Quote
camvcvoo
Quote
Oh, did you say young chicks are thrown in as bonus for going on a fishing trip?

As a single man....I could not possibly comment...
  • #2,853
  • May 19, 2010 8:23am May 19, 2010 8:23am
Quoting Elovv
Hi Geoff

For MM, I will risk 10%/day. If I will add just a risk of 1 lotsize 140 pip I guess I can use ver4? If I remember correct ver4 is the same as ver5 but only 1 trade?

Elovv
That is correct, it has been rather slow, see the statement in my signature, but only one losing trade so far!
  • #2,854
  • May 19, 2010 8:27am May 19, 2010 8:27am
Quoting calstock
As a single man....I could not possibly comment...
By chicks I think he means KFC!

Ah, KFC and a beer! Heaven!
  • #2,855
  • May 19, 2010 8:27am May 19, 2010 8:27am
Quoting geoffb65
That is correct, it has been rather slow, see the statement in my signature, but only one losing trade so far!
That loss looks like -120 (120 pip SL actually) right?

Also did EA will support lots like 0.15 or 1.15, something like that?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,856
  • May 19, 2010 8:30am May 19, 2010 8:30am
Quoting SkyzerFX
That loss looks like -120 (120 pip SL actually) right?

Also did EA will support lots like 0.15 or 1.15, something like that?
Yes, the settings are quite different for the single order version.

TP 60, SL 120, TSL 19

But remember this is similar to v5!
  • #2,857
  • May 19, 2010 8:35am May 19, 2010 8:35am
Quoting geoffb65
Yes, the settings are quite different for the single order version.

TP 60, SL 120, TSL 19

But remember this is similar to v5!
Yeah, but I mean. SL actually depends on PAIR volatility, rather than EA specific, higher

volatility is, higher stop loss should be, is that how I see it..

So After all, if you have only 1 loss with SL=120 in any version, that

should do it for GBPUSD.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,858
  • May 19, 2010 8:42am May 19, 2010 8:42am
Quoting SkyzerFX
Yeah, but I mean. SL actually depends on PAIR volatility, rather than EA specific, higher

volatility is, higher stop loss should be, is that how I see it..

So After all, if you have only 1 loss with SL=120 in any version, that

should do it for GBPUSD.
It is strongly related to the trailing stoploss value, as you move that down so you can also move the SL down a little more, because TP1 trailing stop takes the trade out much earlier.

This is why the v4 results are much lower that v5 to v7 results.
  • #2,859
  • May 19, 2010 8:51am May 19, 2010 8:51am
After searching a couple of days for an answer, I believe I have finally found out what this error is about.

Old Tick means that the price for a currency pair, by the time it reached your VPS or your computer it was 'too old' to consider. This is a problem with the broker where their server is too slow or overloaded.

Apparently, this happen most frequently at the top of the hour.

I had been testing with GoMarkets and I was not getting trades when others were. I switched brokers and started using IBFX again. Last night, both brokers were giving me the Old Tick problem.

I believe that I was the only one experiencing this error, but if anyone else has a problem, then at least there is an explanation as to why the error is happening.

A trader friend was having the same problem with the Old Tick as I was last night.

I want to thank Geoff for presenting this fantastic EA to us. I can see it has a lot of potential. I have tested hundreds of EAs and I have never seen one this good.

Carol
  • #2,860
  • May 19, 2010 9:04am May 19, 2010 9:04am
Quoting Eureka
After searching a couple of days for an answer, I believe I have finally found out what this error is about.

Old Tick means that the price for a currency pair, by the time it reached your VPS or your computer it was 'too old' to consider. This is a problem with the broker where their server is too slow or overloaded.

Apparently, this happen most frequently at the top of the hour.

I had been testing with GoMarkets and I was not getting trades when others were. I switched brokers and started using IBFX again. Last night, both brokers were giving...
Thank you Carol!

How will you get round this problem if it happens on both your brokers?

EDIT:
We do re-send the order up to 10 times to get round error messages!
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