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Simple H1 GBPUSD EA

  • #2,941
  • May 20, 2010 7:07am May 20, 2010 7:07am
Quoting geoffb65
V4, v5, v5b and v6 do not use 197 SMA to filter trades.

V7 ADX is nothing to do with this thread.

V7 and V7a use 197 SMA filter and as a result did not trade yesterday, V7a is the latest version and the safest!
Another BIG THANKS for what you have done here, also your words..Hope this sad moment will soon pass..
  • #2,942
  • May 20, 2010 7:08am May 20, 2010 7:08am
Quoting bee7244
v7a?? ONLY??

There are other versions :
V4, V5, V5b, V6, V7, V7 ADX

What about other versions mentioned??

Enlighten me..
The earlier versions were only steps towards the latest version v7a which is the safest and most stable to date.

Some, more experienced users prefer the older versions because they allowed for more adjustments and could therefore be used to test other pairs and different start times but they were aware of the downside and could use their experience to compensate for it!

I am sorry for your losses but the thread does contain all the information to make the right choice!
  • #2,943
  • May 20, 2010 7:26am May 20, 2010 7:26am
Quoting sanyhuis
I had the same thing happen maybe three weeks ago on v6 and I know it's difficult. I lost half of my acct. After that I went to v7 and no losses since. There's not as much action but it only took one big loss for me and I realized Geoff knew what he was talking about. Now I only do v7a and 3 Order v which is the v7 with an extra order. I know it hurts but it will pass. Please switch. It's the best.
By the way, which v7a you use?? The 80SL, 90SL, or the default 140SL??

Also, YES, we all should listen to Geoff, he was the reason i am here.. There's lot of rubbish EA's out there..

At least, this is not one of them. Because of this EA, i happened to experience some real profit for the first time.. This one really a KICK-ASS!!

Its difficult to think about the losses..Really.. Anyway, thanks sanyhuis..
  • #2,944
  • May 20, 2010 7:34am May 20, 2010 7:34am
Quoting bee7244
By the way, which v7a you use?? The 80SL, 90SL, or the default 140SL??

Also, YES, we all should listen to Geoff, he was the reason i am here.. There's lot of rubbish EA's out there..

At least, this is not one of them. Because of this EA, i happened to experience some real profit for the first time.. This one really a KICK-ASS!!

Its difficult to think about the losses..Really.. Anyway, thanks sanyhuis..
The default is 140 SL.

The defaults are not arrived at by accident, they are derived from the MT4 optimisation tool and will give the best overall profit which also means the fewest losses over the test period.

They may not suit everyone, 140 SL per order is large but it allows for those occasions when the Tokyo market goes against us and we have to suffer a drawdown while we wait for the market to move back to the trend specified by our strategy.

So far the strategy has worked and because we use 197 SMA we are always trading with the main trend which is something I always prefer to do!
  • #2,945
  • May 20, 2010 7:49am May 20, 2010 7:49am
i admire your patience in answering the same question over and over again Geoff.


Everyone else: If your account is likely to be wiped out by less than ten (make that 50) consecutive losses, you need to really brush up on your risk management.
  • #2,946
  • May 20, 2010 7:52am May 20, 2010 7:52am
Quoting bee7244
By the way, which v7a you use?? The 80SL, 90SL, or the default 140SL??

Also, YES, we all should listen to Geoff, he was the reason i am here.. There's lot of rubbish EA's out there..

At least, this is not one of them. Because of this EA, i happened to experience some real profit for the first time.. This one really a KICK-ASS!!

Its difficult to think about the losses..Really.. Anyway, thanks sanyhuis..
After I switched to the v7a with micro lots til I got over the shock. Then with the 140 SL the losses are smaller. The profits too but it works til you get your emotional feet back on the ground. There's also the 3 Order v. It's v7 with a third order.
I feel for you but you'll do well, I'm sure.
  • #2,947
  • May 20, 2010 8:13am May 20, 2010 8:13am
Quoting kraven
buys on the v7adx gbpusd. so far, still trading at a loss.
My longs on v7adx hit the 140 stop losses.
  • #2,948
  • May 20, 2010 8:16am May 20, 2010 8:16am
that's the risk of trading w/o the 197sma filter :/

Quoting lawgirl21
My longs on v7adx hit the 140 stop losses.
  • #2,949
  • May 20, 2010 8:17am May 20, 2010 8:17am
i am wholeheartedly in agreement with you on that one, kon5t
i applaud your generosity, geoff

Quoting kon5t
i admire your patience in answering the same question over and over again Geoff.


Everyone else: If your account is likely to be wiped out by less than ten (make that 50) consecutive losses, you need to really brush up on your risk management.
  • #2,950
  • May 20, 2010 8:18am May 20, 2010 8:18am
Quoting kon5t
i admire your patience in answering the same question over and over again Geoff.


Everyone else: If your account is likely to be wiped out by less than ten (make that 50) consecutive losses, you need to really brush up on your risk management.
Haha! It's no sweat, only takes a few minutes and at my time of life I've usually forgotten that I've answered it before anyway!
  • #2,951
  • May 20, 2010 8:20am May 20, 2010 8:20am
Quoting silv3r4sh
that's the risk of trading w/o the 197sma filter :/


V7 ADX is not part of this thread and should not be quoted!
  • #2,952
  • May 20, 2010 8:32am May 20, 2010 8:32am
Boy! I can relate to that!! LOL

Quoting geoffb65
at my time of life I've usually forgotten that I've answered it before anyway!
  • #2,953
  • May 20, 2010 8:41am May 20, 2010 8:41am
Quoting silv3r4sh
that's the risk of trading w/o the 197sma filter :/
I have deleted the adx and will now only use v7a and 3 trade. Some of us need to learn the hard way I guess.
  • #2,954
  • May 20, 2010 8:42am May 20, 2010 8:42am
Quoting geoffb65


V7 ADX is not part of this thread and should not be quoted!
Sorry, I didn't realize that.
  • #2,955
  • May 20, 2010 8:43am May 20, 2010 8:43am
Quoting Eureka
Boy! I can relate to that!! LOL
Did I already answer you?
  • #2,956
  • May 20, 2010 8:44am May 20, 2010 8:44am
Quoting lawgirl21
Sorry, I didn't realize that.
No problem, it was something that was tried and abandoned!
  • #2,957
  • May 20, 2010 8:45am May 20, 2010 8:45am
I can't remember!! LOL

Quoting geoffb65
Did I already answer you?
  • #2,958
  • Edited 9:57am May 20, 2010 9:31am | Edited 9:57am
As one or two people have expressed an interest in using v4 the single order version,
I decided to take a fresh look at it as it has been neglected.

I have added the 197 SMA filter and multiple re-tries on the OrderSend function.

This is the best I can do with it!

If you just want to use the EA, download the .ex4 file only

Also attached 12 month strategy test report V4a.zip

The files have also been updated in post #1
Attached Image (click to enlarge)
Click to Enlarge Name: V4a.gif Size: 7 KB
Attached File(s)
File Type: zip V4a.zip   50 KB | 336 downloads
File Type: ex4 SimpleH1_GBPUSD_EAv4a.ex4   18 KB | 304 downloads
File Type: mq4 SimpleH1_GBPUSD_EAv4a.mq4   18 KB | 341 downloads
  • #2,959
  • May 20, 2010 10:00am May 20, 2010 10:00am
Quoting lawgirl21
My longs on v7adx hit the 140 stop losses.
Yeah..'that' happened.. Like mine.. But the v7adx i use it on my demo.. I run 3 MT4's, together on my subscribed vps. 2 MT4's for standard and micro, another for demo.. I put all versions ever existed in this thread, into my demo..

The results for today :
V4 : no trade
v5 : HIT 140SL
V6 : HIT 140SL
V7 : no trade
V7a : no trade
V7 ADX : HIT 140SL

Today's results were the first losses since these EA's first run weeks ago..

>> People suffering loss today (me as well), avoid those 'hitting stop loss' version, I will stick only what Geoff recommend for now ---->> v7a
  • #2,960
  • May 20, 2010 10:06am May 20, 2010 10:06am
Quoting bee7244
Yeah..'that' happened.. Like mine.. But the v7adx i use it on my demo.. I run 3 MT4's, together on my subscribed vps. 2 MT4's for standard and micro, another for demo.. I put all versions ever existed in this thread, into my demo..

The results for today :
V4 : no trade
v5 : HIT 140SL
V6 : HIT 140SL
V7 : no trade
V7a : no trade
V7 ADX : HIT 140SL

Today's results were the first losses since these EA's first run weeks ago..

>> People suffering loss today (me as well), avoid those 'hitting stop loss' version, I will stick only what Geoff recommend...
Geoff, sorry as i shouldn't mentioned more about v7adx.. Won't mentioned it again
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