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Simple H1 GBPUSD EA

  • #3,561
  • May 30, 2010 12:01pm May 30, 2010 12:01pm
Quoting geoffb65
A little time spent doing your own research would save a lot of these questions,
the answers are all available to you by doing a search on FF or even on Google.

If someone asks a question that I can't answer then I do a search, I don't
know everything!

If you switch off the internet then the tester uses the latest "spread" data that it has saved and
the price data it uses from its database.
Here is TDFX backtest using default settings from 3/25/2010 (last two months)

Not too shabby! I'm thinking of raising the ante to .2 lots
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 6 KB
If you're scared get a dog.
  • #3,562
  • May 30, 2010 3:39pm May 30, 2010 3:39pm
Quoting Boxxie
Here is TDFX backtest using default settings from 3/25/2010 (last two months)

Not too shabby! I'm thinking of raising the ante to .2 lots
Then you going to rise your Loss as well.

I run about 20 tests ( with V4a, V6,

v8) , so far better results are

with V4a and v6 somewhat, but still I wouldn't bet too much on that

performance..

Playing with micro lots is one thing and betting thousands of $ against

$50- $150 kind of scary, unless you are Fed reserve and do have

free money or running it on Demo, which is actually the same thing.

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,563
  • May 30, 2010 3:49pm May 30, 2010 3:49pm
This is pretty safe play on V4a look settings in the Report htm file

6 month on 10k account profit $489

MAX drawdown 3% 1$ per pip play.. If this was guaranteed I'd

just go All In, forget about Forex and enjoy live..
Attached File(s)
File Type: zip V4a_report.zip   23 KB | 260 downloads
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,564
  • May 30, 2010 4:37pm May 30, 2010 4:37pm
Quoting SkyzerFX
Talking about gambling.. I took 4 trades TP 10 SL 15 on micro lots

just randomly.. All 4 loss.. No freaking way betting on Baseball

or Tennis I would loss all bets I play.. Forex is a scam..

Whoever say it's not gambling, probably not, cause it's worse than that.
I think I'll take my chances but thank you for the kind advice.
If you're scared get a dog.
  • #3,565
  • May 30, 2010 5:29pm May 30, 2010 5:29pm
I don't mind if no trade tonight. 197 sma flat...
looks like no set up...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 26 KB
  • #3,566
  • Edited 6:03pm May 30, 2010 5:59pm | Edited 6:03pm
Quoting geoffb65
This is interesting, are you taking the trade during the first or second hour of the Tokyo session?

As far as the bank holiday is concerned I will leave my accounts running as normal as the strategy should still work
but I guess it is up to everyone to make their own decision!
Now I can be just as confused with times as anyone, but my intention was to let Tokyo open and run for an hour before looking to take an order. For me, its all about allowing the SMA10 to adjust if there is a big move at the open. If I have my numbers right - Tokyo opens at 00:00 GMT. I want orders to open after Tokyo has been open for an hour - between 1:00 and 2:00 GMT

My reasoning is that if there is a strong move at the Tokyo open, I don't want to take a trade if it is going the wrong direction. By the same token, a strong move in the right direction might put me into trades that would have otherwise been missed.

Ok - I realize being logical sometimes is the worse thing you can do when trading. We'll see if the results fit.

Comments and criticism is always welcome.

T...

ADDED - Tonight could be an example - let's see what happens in the next hour versus 2 hours from now...
  • #3,567
  • May 30, 2010 6:13pm May 30, 2010 6:13pm
Quoting jiva34
I don't mind if no trade tonight. 197 sma flat...
looks like no set up...
jiva34, ema 197 is in consolidation with ema 10 because it's 1.44098 for 21GMT (here - last hour of friday) and 1.44096 for 22 GMT, so the short entries are expected ... even thou it's looks ugly for now
  • #3,568
  • May 30, 2010 6:14pm May 30, 2010 6:14pm
Quoting tsquad
Now I can be just as confused with times as anyone, but my intention was to let Tokyo open and run for an hour before looking to take an order. For me, its all about allowing the SMA10 to adjust if there is a big move at the open. If I have my numbers right - Tokyo opens at 00:00 GMT. I want orders to open after Tokyo has been open for an hour - between 1:00 and 2:00 GMT

My reasoning is that if there is a strong move at the Tokyo open, I don't want to take a trade if it is going the wrong direction. By the same token, a strong move in the right...
I have traded the EurJpy for some time on the break of the 11.00-12.00 period with the 1.00 candle...but I have a strict rule that I close any pending orders at the opening of the 2.00 candle.....if in a trade then I let it run.
However this method is not based on a break of a preivous range so it would be questionable if any difference is gained....and I have noted a lot of the time the EA will not open a position untill the 1.00 candle anyway..

To me any change to a EA which already has proven to be a very good one would have to result in a substantial gain without increasing the loss ratio.
  • #3,569
  • May 30, 2010 6:15pm May 30, 2010 6:15pm
mrng all ladies and gents!

After reading through the latest posts I assume that all of you had a terrific weekend bouncing through test results which all bear the same: Past performance is no guarantee for future performance. I do probably 20 tests per day with various settings and still have no guarantee for tomorrow.

But most importantly, sma 197 and sma 10 seem to diverge again and hence today no trade expected and this should be the same for all platforms.

Or does anyone expect a trade here?
  • #3,570
  • May 30, 2010 6:19pm May 30, 2010 6:19pm
SMA(10,1)=1.44816
SMA(10,2)=1.44959
SMA(10,1)<SMA(10,2)
SMA(197,1)=1.44099
SMA(197,2)=1.44098
SMA(197,1)>SMA(197,2)

No trade today with Alpari UK/Live.
197sma is almost flat...the results are different with the other broker...
  • #3,571
  • May 30, 2010 6:20pm May 30, 2010 6:20pm
Quoting Haishang
hi Dambuster, just as a comparison, v7a with Alpari classic uk got 22.1 and 11.7 pips on entry lvl 1.45601 and 1.45604. But the US guys with FXDD got their entry 5 pips lower and had not to sweat like we did because they got filled with the first leg up.

very good mrng Geoff!!

Any clue where Glenn is? Have not seen him around for a while...well, to be correct since he decided to go playing golf a week ago or so.....
Iam here....I dont trade the ranging markets ..." time for golf"

Iam waiting for the pair to show some direction, I see we had a run up to test the top of the rang last week and now she's fallen back.

Time to stand aside and keep my money for another day....
  • #3,572
  • May 30, 2010 6:44pm May 30, 2010 6:44pm
IBFX - 2 shorts at 1.44600
  • #3,573
  • May 30, 2010 6:45pm May 30, 2010 6:45pm
tonight no trades with alpari uk... correct?
  • #3,574
  • May 30, 2010 6:56pm May 30, 2010 6:56pm
Quoting sashasan
IBFX - 2 shorts at 1.44600
Yes. For me also at IBFX, but not yet on Alpari-UK.. yet..
  • #3,575
  • May 30, 2010 7:00pm May 30, 2010 7:00pm
No trade tonight TDFX v8
If you're scared get a dog.
  • #3,576
  • May 30, 2010 7:01pm May 30, 2010 7:01pm
Quoting cprao
Yes. For me also at IBFX, but not yet on Alpari-UK.. yet..
Hi cprao!

I assume you use as well smas 197 and 10....can you tell me the parameters of the slope calculated at IBFX...as here with Alpari uk the no trade decision was very close
  • #3,577
  • May 30, 2010 7:21pm May 30, 2010 7:21pm
Quoting Haishang
Hi cprao!

I assume you use as well smas 197 and 10....can you tell me the parameters of the slope calculated at IBFX...as here with Alpari uk the no trade decision was very close
I simply used V8 version on my demo.. Only change was offset to 0.
Yes. Default settings are 197 & 10.
How do I determine the slope calculations ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1-v8.gif Size: 97 KB
  • #3,578
  • May 30, 2010 8:12pm May 30, 2010 8:12pm
Quoting Haishang
Hi cprao!

I assume you use as well smas 197 and 10....can you tell me the parameters of the slope calculated at IBFX...as here with Alpari uk the no trade decision was very close
Hi Haishang,

My IBFX shows this:
SMA 197
28th May 19:00 - 1.4409
30th May 22:00 - 1.4409

SMA10
28th May 19:00 - 1.4508
30th May 22:00 - 1.4495

So it is flat for SMA 197 and downslope for SMA10.

There should be no trade unless programs says it is 'okay' if the other slope is flat?

CY
  • #3,579
  • Edited 8:27pm May 30, 2010 8:13pm | Edited 8:27pm
IBFX trade - 25 pips and 2nd trade 9 pips.
  • #3,580
  • Edited 8:18pm May 30, 2010 8:15pm | Edited 8:18pm
Quoting cprao
I simply used V8 version on my demo.. Only change was offset to 0.
Yes. Default settings are 197 & 10.
How do I determine the slope calculations ?
You look at the value of sma 197 at GMT 21, GMT 22, GMT 23 and look wether the numbers are decreasing or increasing.
Then you do the same for sma 10. Only if both are decreasing or increasing the ea will look into the next criteria to enter a deal.

Sorry Cprao, I did not refresh and hence did not see your earlier posts. The sma is looking only into hourly readings 2 hours before Tokyo opening at 0:00 GMT.....
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