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Simple H1 GBPUSD EA

  • #3,481
  • May 28, 2010 4:23am May 28, 2010 4:23am
Quoting pret
Thanks Geoff
I downloaded the clock ,but it shows GMT the same as my local time and SA is =gmt+2 You are in england what is you gmt and what is u re local time now
We are GMT +1 atm!
  • #3,482
  • May 28, 2010 4:25am May 28, 2010 4:25am
Quoting geoffb65
We are GMT +1 atm!
OK, SA is GMT +2 what is your MT4 brokers time?
  • #3,483
  • May 28, 2010 5:08am May 28, 2010 5:08am
Hi Geoff
Market watch shows 13h00 now So GMT offset must be +3 i think
Thank you
  • #3,484
  • May 28, 2010 5:27am May 28, 2010 5:27am
Quoting pret
Hi Geoff
Market watch shows 13h00 now So GMT offset must be +3 i think
Thank you
I think that sounds right!
  • #3,485
  • May 28, 2010 5:33am May 28, 2010 5:33am
Hi Geoff & All

Just moved over to v8 this week and on Alpari UK Live last night :

Buy 1:40 Close 8:38 TP +22 pips
Buy 1:40 Close 8.47 TSL +10 pips.


I've been running V5 for about a month Alpari UK live, and by my calculations because the SL is about 5 times average TP we need the win rate to be > 86%. to profit long term. Over the month the win rate was 91% & hopefully we'll get even higher with V8.

Well done Geoff for such a great EA.

BR

WR
  • #3,486
  • May 28, 2010 5:43am May 28, 2010 5:43am
Quoting WackyRacer
Hi Geoff & All

Just moved over to v8 this week and on Alpari UK Live last night :

Buy 1:40 Close 8:38 TP +22 pips
Buy 1:40 Close 8.47 TSL +10 pips.


I've been running V5 for about a month Alpari UK live, and by my calculations because the SL is about 5 times average TP we need the win rate to be > 86%. to profit long term. Over the month the win rate was 91% & hopefully we'll get even higher with V8.

Well done Geoff for such a great EA.

BR

WR
  • #3,487
  • May 28, 2010 7:01am May 28, 2010 7:01am
Quoting dryclean
Closed out my FXDD live for a 20 pip gain manual close ...Got chicken
End of the week end of the month I'll take positive pips..
good thing it just went back down to -8 pips. There will always be tomorrow I mean Monday

Now I have Scotch money for the holiday weekend Here in US
Thanks Geoff

If I would have hung in there I would have hit TP but there was a point of about a 70 pip DD
  • #3,488
  • May 28, 2010 7:04am May 28, 2010 7:04am
Quoting lawgirl21
Both trades entered at 1.4554 at 2:23
1st trade hit TP at 2:48, 2nd trade hit TS at 3:06

1st trade TP at 1.4579
2nd TS at 1.4557
You are set to default setting with GMT offset to +3

If so I wonder why you entered near 20 min before me but you got in lower
FXDD
  • #3,489
  • May 28, 2010 7:13am May 28, 2010 7:13am
Quoting Chip4Pips
I think the v8 EA needs to have the money management portion of the algo looked at again, as what I am seeing makes no sense. With a $20000 account balance, risking 1% per trade, I am getting a lot size of 0.02 lots when using MM. Since 1% of $20000 is $200 and the SL is 140, the calc according to Excel should be 0.14. IMHO, I would stick with manual lotsizing until this is sorted out.
Hi Chip4Pips

Only just spotted your post while backtracking through the thread.

The percentages work correctly on 5 digit brokers so I suspect your broker
is 4 digit?

I didn't know about this problem but I will look into it, I suspect you can
get round it by multiplying by 10 for now!
  • #3,490
  • May 28, 2010 7:14am May 28, 2010 7:14am
Good morning!
+26
+11
+11

Geoff da man
  • #3,491
  • May 28, 2010 7:19am May 28, 2010 7:19am
Quoting dryclean
If I would have hung in there I would have hit TP but there was a point of about a 70 pip DD
Those big DD's do happen often but usually come good because the strategy is more than 90% correct!
  • #3,492
  • May 28, 2010 7:19am May 28, 2010 7:19am
Quoting stifland
Good morning!
+26
+11
+11

Geoff da man
Well done!
  • #3,493
  • May 28, 2010 7:53am May 28, 2010 7:53am
Quoting stifland
Good morning!
+26
+11
+11

Geoff da man
Why there is 3 trades? 3 order version?
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,494
  • May 28, 2010 8:00am May 28, 2010 8:00am
Attached Image (click to enlarge)
Click to Enlarge Name: my gbp.gif Size: 66 KB


Geoff,
Why did the TSL not activate? TP 1 was hit.
  • #3,495
  • May 28, 2010 8:06am May 28, 2010 8:06am
Quoting SkyzerFX
Why there is 3 trades? 3 order version?

yeah, sorry, probably should be on other thread.
was camcvooV4
  • #3,496
  • May 28, 2010 8:21am May 28, 2010 8:21am
Quoting Jollyroger
V8 on Alpiri 2 trades 34Pips
4a on IBFX 1 trade 7 Pips
V8 on IBFX 2 trades Currently Underwater
Camcvoo V4 on IBFX 2 trades Currently Underwater

All trades on Demo. Will followup on underwater trades when they close one way or another. Jeff this is one hell of an EA. I love it. It almost makes me want to give up live trading but not quite.

This is also a great thread.
Update on this post.
4 underwater trades closed at a profit.
V8 trades + 28 and +6
camvcooV4 +7 and + 12

Geoff this is a great EA!
  • #3,497
  • May 28, 2010 8:54am May 28, 2010 8:54am
Quoting Jollyroger
Update on this post.
4 underwater trades closed at a profit.
V8 trades + 28 and +6
camvcooV4 +7 and + 12

Geoff this is a great EA!
  • #3,498
  • May 28, 2010 8:56am May 28, 2010 8:56am
Quoting cuddlebum
Attachment

Geoff,
Why did the TSL not activate? TP 1 was hit.
Did you get any error messages in the journal?
  • #3,499
  • May 28, 2010 9:06am May 28, 2010 9:06am
To everybody that want to try my version of this strategy, you need to wait a little bit longer as soon as it is working like I want it (there are a few bugs in it), I will put it available for you.
  • #3,500
  • May 28, 2010 9:12am May 28, 2010 9:12am
Hi Traders. Am running the V8 on Alpari Live with still no trades as yet! Does anyone know why cheers!
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