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Simple H1 GBPUSD EA

  • #2,961
  • May 20, 2010 10:08am May 20, 2010 10:08am
geoff , gp1=80, is this true ? the backtest is with tp1=80 ?

Quoting geoffb65
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
  • #2,962
  • May 20, 2010 10:08am May 20, 2010 10:08am
Quoting bee7244
Geoff, sorry as i shouldn't mentioned more about v7adx.. Won't mentioned it again
No problemo!

But you forgot to mention v4a!
  • #2,963
  • Edited 10:24am May 20, 2010 10:11am | Edited 10:24am
Quoting roundrock
geoff , gp1=80, is this true ? the backtest is with tp1=80 ?
Actually the largest profit trade in the testing only reached 44 TP1 but, ever the optimist!
  • #2,964
  • May 20, 2010 10:45am May 20, 2010 10:45am
Geoff,

If I remember correctly, in the strategy test for v7a and I think also 3 Order v it shows a deposit of $2000 and .10 lots. Is it OK to do this?

s
  • #2,965
  • Edited 10:48am May 20, 2010 10:46am | Edited 10:48am
Quoting geoffb65
The M15 fractal is in the opposite direction because at the time of day when the trade is taken fractals are close together, often within 2 or 3 bars, if we wait for a locked fractal in the right direction it would be too late.
We then look for the reversal from the M15 fractal on the M5 chart where we have more bars to play with.
Apart from the theory, this was the method that worked and I am a pragmatist!
I don't really care what will happen on an anti-hedging broker account and neither should you if you are trading manually, you would not try...
Of course the method works! Don't get me wrong, I am not questioning the efficacy of your the fractal algorithm, reason is simply to ensure my understanding of it is correct so that I can use the same for manual trade.

Here is an excerpt from your old post

Quoting geoffb65
At the moment a difference between the SMA at 21:00 and 22:00 GMT, no matter how small, is used to determine the direction of the trade.

We then wait for a M15 fractal to confirm the direction and then we wait for a confirmed M5 fractal for the entry point.

All three conditions have to be met within the 1 hour bar 23:00 GMT.

With fractals you have to wait for the third bar before the fractal is locked, this is why I move to the lower time frames for confirmation.

If all the conditions are not met the EA will not trade.
For LONG trade, your algorithm searches for UP FRACTAL in the 15m timeframe beginning from GMT23.00.
You need 3 bars from the opening of the GMT23.00 bar to lock the UP FRACTAL (if one is present) and since that 1H bar contains only four 15mins bar, that doesn't leave you with much chance to catch one, does it? If you caught it in the last 15m bar of the 1H bar, then GMT2300 hr bar is completed and your algorithm will cease to search for the 5m fractal, is that right?
Suppose the EA caught the UP FRACTAL in the 3rd 15min bar, that would leave the EA one more 15min bar to continue with 5m fractal before the bar expires. The last 15min bar would contain three 5 min bars. Again the same argument applies since you need 3 bars to lock the DOWN FRACTAL of the 5m bar. Not much chance again.
Sorry for the long post here but I just want to know that is how your EA works so I can use is in the same manner in manual trading.

Please bear with me and thank-you very much!


CY
  • #2,966
  • May 20, 2010 10:57am May 20, 2010 10:57am
Quoting sanyhuis
Geoff,

If I remember correctly, in the strategy test for v7a and I think also 3 Order v it shows a deposit of $2000 and .10 lots. Is it OK to do this?

s
I always use 0.1 lots as it is $1 a pip, so the profit in dollars also gives a guide for the number of pips gained.

But $1 a pip is too high a risk on a $2000 real account!
  • #2,967
  • May 20, 2010 11:00am May 20, 2010 11:00am
Quoting ertorque
Of course the method works! Don't get me wrong, I am not questioning the efficacy of your the fractal algorithm, reason is simply to ensure my understanding of it is correct so that I can use the same for manual trade.

Here is an excerpt from your old post



For LONG trade, your algorithm searches for UP FRACTAL in the 15m timeframe beginning from GMT23.00.
You need 3 bars from the opening of the GMT23.00 bar to lock the UP FRACTAL (if one is present) and since that 1H bar contains only four 15mins bar, that doesn't leave you with much...
The M15 fractal does not need to be in the 23:00 H1 bar, that one can be in the previous bar.

Now please can you draw this inquisition to a close, I have other things to do!
  • #2,968
  • May 20, 2010 11:13am May 20, 2010 11:13am
Quoting geoffb65
The M15 fractal does not need to be in the 23:00 H1 bar, that one can be in the previous bar.

Now please can you draw this inquisition to a close, I have other things to do!
Okay, it is officially close now.............
  • #2,969
  • May 20, 2010 11:14am May 20, 2010 11:14am
Quoting geoffb65
Mmm! V7a should not have traded today, with the 197 SMA in a downtrend it would certainly not produce a long trade!

Something wrong there I'm afraid!

Strange, aldo I used the standard settings...
  • #2,970
  • May 20, 2010 11:18am May 20, 2010 11:18am
Quoting mipip
Strange, aldo I used the standard settings...
The only EA versions that would have made a long order would be v4, v5 and 5b, v6 and the so called v7 ADX which is not supported here!

Is there any possibility that you actually used on of these?
  • #2,971
  • May 20, 2010 11:21am May 20, 2010 11:21am
Quoting geoffb65
The only EA versions that would have made a long order would be v4, v5 and 5b, v6 and the so called v7 ADX which is not supported here!

Is there any possibility that you actually used on of these?

Yeah that could be... I keep posting my updates on the trades currently I am using EAV7A and the new V4a.

It trades during the night for me so next result will be tomorrow for me

greets
  • #2,972
  • May 20, 2010 11:30am May 20, 2010 11:30am
Alpari Live
SL 140 hit
  • #2,973
  • May 20, 2010 11:31am May 20, 2010 11:31am
Quoting drewIOW
Alpari Live
SL 140 hit
Not with v7a I take it?
  • #2,974
  • May 20, 2010 11:49am May 20, 2010 11:49am
Has anyone done a backtest on the v7a in this thread with the camvcvooV3 in the Simple 3 order thread, using the same risk for each day?

This would be trading only 2/3 the risk on each contract in the camvcvooV3, since it puts 3 contracts on each time instead of only 2 in v7a.

Just curious to know how the net profits compare
A. in the last year, and
B. in 2010 :nerd:
  • #2,975
  • May 20, 2010 12:12pm May 20, 2010 12:12pm
I have done some additional optimising runs with v7a and have
found some lower risk settings that some people may prefer.

The overall profit is reduced but so are the losses.

Tp1 14, TP2 50, SL 130, TSL 14
Attached Image (click to enlarge)
Click to Enlarge Name: V7a_LowRisk.gif Size: 7 KB
Attached File(s)
File Type: zip V7a_LowRisk.zip   27 KB | 316 downloads
  • #2,976
  • May 20, 2010 12:30pm May 20, 2010 12:30pm
Quoting geoffb65
I have done some additional optimising runs with v7a and have
found some lower risk settings that some people may prefer.

The overall profit is reduced but so are the losses.

Tp1 14, TP2 50, SL 130, TSL 14
Geoff, so where are the losses here?

based on my optimization results, you could increase tp1 to 15!
  • #2,977
  • May 20, 2010 12:30pm May 20, 2010 12:30pm
Quoting geoffb65
Once both orders are closed you can switch your computer off, then switch it back on before 23:00 GMT.

Geoff,

GMT setting is based on broker time or our country time? confused.
  • #2,978
  • May 20, 2010 12:30pm May 20, 2010 12:30pm
Here are the results with standard settings for comparison.

TP1 22, TP2 50, SL 130, TSL 22.
Attached Image (click to enlarge)
Click to Enlarge Name: V7a_MedRisk.gif Size: 8 KB
Attached File(s)
File Type: zip V7a_MedRisk.zip   28 KB | 387 downloads
  • #2,979
  • May 20, 2010 12:31pm May 20, 2010 12:31pm
Quoting sashasan
Geoff, so where are the losses here?

based on my optimization results, you could increase tp1 to 15!
I did try 15 and I got a loss on my Alpari test.
  • #2,980
  • May 20, 2010 12:38pm May 20, 2010 12:38pm
Geoff, it it possible to add a third trade to the low risk version?
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