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Simple 3 order GBPUSD EA

  • #661
  • May 23, 2010 9:02am May 23, 2010 9:02am
Quoting indy360
Hi Geoff, Thought I should stop lurking and say hi.

I'm new to EA's and have never even tried to use one before! After reading this and your other thread I am very impressed with the results and the way that you have presented everything and answered everyones questions.

I'm so impressed, that i am going to put this on my demo (alpari uk) tonight! I'll keep you upto date with the results.

Keep up the great work
Welcome aboard, too much "lurking" makes you blind!
  • #662
  • May 23, 2010 9:14am May 23, 2010 9:14am
So I have heard!

Quick question:

Do I need to allow DLL imports when i am activating the EA?

Many thanks
  • #663
  • May 23, 2010 9:18am May 23, 2010 9:18am
Hi geoff, i'm new here. But not new to FF. Reading a lot about ur EA. Not yet believer, but will try ur EA soon on micro.
  • #664
  • May 23, 2010 9:35am May 23, 2010 9:35am
Quoting indy360
So I have heard!

Quick question:

Do I need to allow DLL imports when i am activating the EA?

Many thanks
No DLL is not used.
  • #665
  • May 23, 2010 9:45am May 23, 2010 9:45am
Quoting geoffb65
There was a potential problem in v3 that could have resulted in the
stoploss not being modified for the third order.

V4 fixes this issue and includes a change suggested by squalou that
should reduce the differences experienced between different brokers.

There are no changes to the way the strategy works but the problem
with the stoploss on the third order means that it is important to
upgrade your EA to V4 as soon as possible.

The files in post #1 have also been updated.
Upon loading this new version I noticed it goes back top the earlier settings of
22
50
80
130

We still change to the newer ones you advised?
14
50
100
130
  • #666
  • May 23, 2010 9:49am May 23, 2010 9:49am
Geoff.

Another option has been challenging me.
Suppose I see a good setup and like to activate a trade manually during other trading hrs.

Is there a way that can be done?
  • #667
  • May 23, 2010 9:55am May 23, 2010 9:55am
Quoting Freddyfx
Upon loading this new version I noticed it goes back top the earlier settings of
22
50
80
130

We still change to the newer ones you advised?
14
50
100
130
The default settings do give a higher profit with a slightly higher risk whereas the new settings are far more conservative with "little" chance of a loss but with a lower overall profit.
  • #668
  • May 23, 2010 9:58am May 23, 2010 9:58am
Quoting Freddyfx
Geoff.

Another option has been challenging me.
Suppose I see a good setup and like to activate a trade manually during other trading hrs.

Is there a way that can be done?
Not with the EA, it only trades at 23:00 GMT but of course you can trade manually at any time however, it would be wise to do this from a separate chart.
  • #669
  • May 23, 2010 10:02am May 23, 2010 10:02am
Quoting geoffb65
Not with the EA, it only trades at 23:00 GMT but of course you can trade manually at any time however, it would be wise to do this from a separate chart.
Guess I still need my morning coffee first

I am talking about taking a manual trade on another hr of the day and still use the MM part of it, as that intrigues me most.
  • #670
  • May 23, 2010 11:02am May 23, 2010 11:02am
Quoting geoffb65
The EA might not have traded because the M15 and M5 fractals did not agree with the two SMA's.
I looked in those timeframe and both SMA are up in M15 and M5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.gif Size: 23 KB
Click to Enlarge Name: 2.gif Size: 23 KB
  • #671
  • May 23, 2010 11:21am May 23, 2010 11:21am
Quoting Mr.Bosch
I looked in those timeframe and both SMA are up in M15 and M5
The SMA's are not the same as fractals, these are created by high and low points and are
an important part of the EA strategy.

In MT4 go into indicators where you will find Fractals, click and drag onto your chart and
you will see where they are formed.
  • #672
  • May 23, 2010 12:57pm May 23, 2010 12:57pm
Quoting dProf
Hi geoff, i'm new here. But not new to FF. Reading a lot about ur EA. Not yet believer, but will try ur EA soon on micro.
  • #673
  • May 23, 2010 1:15pm May 23, 2010 1:15pm
Thanks again geoff.
I'm sorry I didn't know about that indicator.
So after 23:00 GMT we wait for a fractals in both timeframes in the direcction that we want. For exampel if we want to buy we wait for a Fractal up, no?
  • #674
  • May 23, 2010 1:24pm May 23, 2010 1:24pm
Quoting Mr.Bosch
Thanks again geoff.
I'm sorry I didn't know about that indicator.
So after 23:00 GMT we wait for a fractals in both timeframes in the direcction that we want. For exampel if we want to buy we wait for a Fractal up, no?
During the 23:00 GMT H1 bar we look for the latest locked M15 fractal to be opposite to the direction of the SMA's, this can be in the previous H1 bar.

This may seem strange but if we wait for the next M15 fractal to form we would be too late to catch the move.

Then we look for a locked M5 fractal to be in the same direction as the SMA's, locked means that we have waited for the third bar after the fractal is first drawn to be certain it will not redraw.

The M5 fractal gives us a good entry point!
  • #675
  • May 23, 2010 1:30pm May 23, 2010 1:30pm
Quoting geoffb65
No DLL is not used.
Great, thanks Geoff
  • #676
  • May 23, 2010 1:46pm May 23, 2010 1:46pm
just want to check something...

If i set mm to true and set medium risk true, do i need to set manual lots to false?

Thanks in advance
  • #677
  • May 23, 2010 2:39pm May 23, 2010 2:39pm
Quoting indy360
just want to check something...

If i set mm to true and set medium risk true, do i need to set manual lots to false?

Thanks in advance
Yes, otherwise it will use manual lots!
  • #678
  • Edited 5:41pm May 23, 2010 5:40pm | Edited 5:41pm
I stepped camvcvooV4 through 31 levels of risk using the MT4 optimizer. I'm still at the "monkey with a stick" level when using MT4's optimizer and MQL4 so review my results with that in mind.

I loaded the tester with the conservative settings as listed on the first post then incrementally stepped by risk 1 percent/per trade from 1 to 31. So at the max step of 31 the tester was trading 93% acount value per setup.

POST #1
Settings - TP1 14, TP2 50, TP3 100, SL 130, TSL 14
Attached Image (click to enlarge)
Click to Enlarge Name: camvcvooV4 Conservative Settings - iRiskPercent Optimization.jpg Size: 143 KB
  • #679
  • May 23, 2010 7:46pm May 23, 2010 7:46pm
Same as my previous post #679 but this time stepping the iRiskPercent incremental from 1 - 31 on the Default settings. Both test were run using the "Every Tick" modeling. I'm optimizing the settings as well.

Word of warning I'm a newbie so scrutinize my results carefully before forming an opinion about anything.

POST #1
Default setting (for highest profits):
TP1 22, TP2 50, TP3 80, SL 140, TSL 22.
Attached Image (click to enlarge)
Click to Enlarge Name: camvcvooV4 Higher Risk Settings - iRiskPercent Optimization.jpg Size: 189 KB
  • #680
  • May 24, 2010 12:31am May 24, 2010 12:31am
Hi Geoff

Downloaded the latest versions. v4a, v8, v4.
no trades today on demo or live.
But I did set up v8 for EU and again got the error #0 as it tried to trade. Traded manually for 25 pips.
Is this issue fixable or should I change brokers?

Cheers
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