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Simple H1 GBPUSD EA

  • #3,361
  • May 27, 2010 2:13am May 27, 2010 2:13am
Quoting geoffb65
Good morning..

The slippage was set at 5 without regard to the number of digits the broker uses so it has to be modified for 4 or 5 digit brokers, I don't know why I missed that but I never considered it!

So, on a 5 digit broker instead of 5 pips slippage it was only 0.5 pips!

Ah well, I am still learning!
Geoff, that is not what I really wanted to point out. Specifically I find the following (only as an example with setting t/p1 22, t/p2 50, trailing 22)

05.01.2010
T/P1 v7a 22.60 v8 22.50
T/P2 v7a 50.00 v8 28.00 (that is a trailing S/L)
  • #3,362
  • May 27, 2010 2:43am May 27, 2010 2:43am
I backtested on 2008.04.01 -2008.10.30, V8 hit SL 7 times in April alone and was margin called. I think the parameter could be more optimized if the backtesting is longer...

Quoting geoffb65
Here is a very simple yet profitable strategy that anyone can follow and
make an average of 50 to 100 pips a week.
Can be traded manually or using the attached EA.

I noticed that between the NY close and Tokyo open, whatever the trend,
the market seems to follow this trend for several hours.

Of course it doesn't always work but I have had better than 90% positive results.

Place the order one hour before the open of the Tokyo session.

Simple strategy, only two indicator, 10 SMA and 197 SMA.
If the slope of both is positive place...
  • #3,363
  • May 27, 2010 2:50am May 27, 2010 2:50am
Quoting rootkit
I backtested on 2008.04.01 -2008.10.30, V8 hit SL 7 times in April alone and was margin called. I think the parameter could be more optimized if the backtesting is longer...
I don't think you have got your settings correct, you are the only one
that has shown any losses in back testing, your results are nonsense!
  • #3,364
  • May 27, 2010 2:51am May 27, 2010 2:51am
Quoting Haishang
Geoff, that is not what I really wanted to point out. Specifically I find the following (only as an example with setting t/p1 22, t/p2 50, trailing 22)

05.01.2010
T/P1 v7a 22.60 v8 22.50
T/P2 v7a 50.00 v8 28.00 (that is a trailing S/L)
Are you saying this is good, bad or just different?
  • #3,365
  • May 27, 2010 2:57am May 27, 2010 2:57am
Quoting geoffb65
Are you saying this is good, bad or just different?
hahaha,

I would tend to the latter, it explains why I have so different p/l results between the 2 versions. On first sight you would of course like v7a more because of the higher return but this is not the full picture as it is just by random and allthough it appears to be less profitable v8 is mathematically/ statistically the better version.....which explains that sometime the mathematical correctness does not always mean better result.....
  • #3,366
  • May 27, 2010 3:13am May 27, 2010 3:13am
I used default settings and only changed GMTOffet to be +3 for FXDD.
Actually I had similar very good results for year 2009 and 2010 as other people's backtesting. But for April 2008 I got continuous SL.

Quoting geoffb65
I don't think you have got your settings correct, you are the only one
that has shown any losses in back testing, your results are nonsense!
  • #3,367
  • May 27, 2010 3:21am May 27, 2010 3:21am
I'm trying for 1 week this EA and no activity. Broker ODL(fxcm) and I set GMT 1. time: 23

any trader using ODL with success
  • #3,368
  • May 27, 2010 3:36am May 27, 2010 3:36am
Quoting hipofiz
I'm trying for 1 week this EA and no activity. Broker ODL(fxcm) and I set GMT 1. time: 23

any trader using ODL with success
It hasn't traded this week, look at the posts!
  • #3,369
  • May 27, 2010 3:37am May 27, 2010 3:37am
Quoting rootkit
I used default settings and only changed GMTOffet to be +3 for FXDD.
Actually I had similar very good results for year 2009 and 2010 as other people's backtesting. But for April 2008 I got continuous SL.
The EA is only a few weeks old, it was not used in 2008!
  • #3,370
  • Edited 6:01am May 27, 2010 5:30am | Edited 6:01am
Ohh, no, Cable run up? This must be an accident.

Yes, tonight was no trades..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,371
  • May 27, 2010 6:03am May 27, 2010 6:03am
Quoting SkyzerFX
Ohh, no, Cable run up? This must be an accident.

Yes, tonight was no trades..
Sorry Sky! I put an trend line on my chart that sent it up, my fault!
  • #3,372
  • May 27, 2010 6:42am May 27, 2010 6:42am
I have written a full specification for the EA in a pdf format.
Attached File(s)
File Type: pdf SimpleH1GBPUSDea.pdf   52 KB | 14,069 downloads
  • #3,373
  • May 27, 2010 7:16am May 27, 2010 7:16am
Hi Geoff

I have to ask You if ver5 has a hard coded magic number? If I restart the computer, does the EA take care of open trades (opened by EA ver5)

Elovv
  • #3,374
  • May 27, 2010 7:17am May 27, 2010 7:17am
Quoting SkyzerFX
Ohh, no, Cable run up? This must be an accident.

Yes, tonight was no trades..
Sky, you're too funny!
  • #3,375
  • May 27, 2010 7:25am May 27, 2010 7:25am
Quoting geoffb65
I have written a full specification for the EA in a pdf format.
Geoff
Thanks for the PDF
Would this be considered a way to do this manually?
  • #3,376
  • May 27, 2010 7:37am May 27, 2010 7:37am
Quoting geoffb65
I have written a full specification for the EA in a pdf format.
Thanks
  • #3,377
  • May 27, 2010 7:42am May 27, 2010 7:42am
Quoting Elovv
Hi Geoff

I have to ask You if ver5 has a hard coded magic number? If I restart the computer, does the EA take care of open trades (opened by EA ver5)

Elovv
The magic number is calculated and when you first switch on it may not pick
up the correct number and often will lose control of existing orders.
  • #3,378
  • Edited 7:56am May 27, 2010 7:45am | Edited 7:56am
Quoting dryclean
Geoff
Thanks for the PDF
Would this be considered a way to do this manually?
I'm not really sure if it is a method that manual traders would want to use, what
is your opinion, is it easy to do manually?

The EA is very accurate using this technique but, of course, it requires definite
logical data to work with, whereas you can make value judgements!

EDIT:
There is another pdf in post #1 regarding manual trading from calstock!
  • #3,379
  • May 27, 2010 8:05am May 27, 2010 8:05am
Quoting geoffb65
The magic number is calculated and when you first switch on it may not pick
up the correct number and often will lose control of existing orders.
Thanks Geoff

I think I can go with ver8 and set short SMA=long SMA=10.
Whit this settings I guess EA will trade even if SMA10 and SMA197 points in different directions (sometimes I let EA trade with SMA in different direction)

Elovv
  • #3,380
  • May 27, 2010 8:11am May 27, 2010 8:11am
Quoting Elovv
Thanks Geoff

I think I can go with ver8 and set short SMA=long SMA=10.
Whit this settings I guess EA will trade even if SMA10 and SMA197 points in different directions (sometimes I let EA trade with SMA in different direction)

Elovv
Yes, that should work but it does carry more risk of course!
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