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Simple H1 GBPUSD EA

  • #3,621
  • May 31, 2010 11:03am May 31, 2010 11:03am
hehe... 1 loss I get 40% losses a day dont search for the holy grail guys

Dont forget what has happened in the past may not happen in the future patterns change..

P
  • #3,622
  • May 31, 2010 11:07am May 31, 2010 11:07am
Quoting Paulus
A back test lols

P
If you want to know how to use the strategy tester there are two useful pdf's on this thread:

http://www.forexfactory.com/showthread.php?t=5966
  • #3,623
  • May 31, 2010 11:10am May 31, 2010 11:10am
My broker is FxOpen

I just did the test from January, this year.. Using Sky's setting..

Any differences??
Attached File(s)
File Type: zip FxOpen Startegy Tester.zip   8 KB | 344 downloads
  • #3,624
  • May 31, 2010 11:21am May 31, 2010 11:21am
Quoting calstock
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...
I agree with you up to a point Calstock - and this maybe overkill but it deserves stating...

The markets are constantly changing and evolving. A system that makes you rich one week can bankrupt you the next. If a traders only response is to keep using a system until the losses start to pile up, I suggest that trader might want to look for another way to invest.

Forex trading is a worse than a zero sum game. In a zero sum game, what I win, someone else has to lose. In forex, not only is there the amount won or lost, there is also the commission or spread that is taken out on both trading parties. Zero minus the spreads. Remember - someone is constantly trying to figure out how to make you the loser so they can be the winner.

Please understand I am not picking on you Calstock, but using your post to make a point. If you stay static in your trading, its not IF you are going to start losing - but WHEN.


T...
  • #3,625
  • May 31, 2010 11:53am May 31, 2010 11:53am
Sky,
Here is a yr backtest with your settings on Alpari UK. Interestingly, there is only one loss, not a double as I would have expected, with two trades being place at the same time.

Cheers,

s
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester1 yr.gif Size: 7 KB
  • #3,626
  • May 31, 2010 12:56pm May 31, 2010 12:56pm
Quoting sanyhuis
Sky,
Here is a yr backtest with your settings on Alpari UK. Interestingly, there is only one loss, not a double as I would have expected, with two trades being place at the same time.

Cheers,

s
Thanks, And which settings you used to have 0 loses for 1 year?

Default? Cause looks like I do have that loss as well at the very same time..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,627
  • May 31, 2010 1:01pm May 31, 2010 1:01pm
Quoting geoffb65
If you want to know how to use the strategy tester there are two useful pdf's on this thread:

http://www.forexfactory.com/showthread.php?t=5966
Thank you

I think a back test should only be used initially to see if the over strategy has an edge..55% will do money management in forward testing will do the rest

cheers

Paulus
  • #3,628
  • May 31, 2010 1:16pm May 31, 2010 1:16pm
Quoting SkyzerFX
Thanks, And which settings you used to have 0 loses for 1 year?

Default? Cause looks like I do have that loss as well at the very same time..
Yes, I think it was default settings with no loss. I don't know how to get rid of this one loss though. Do you? It would be nice to have that gone.
Thanks Sky.
s
  • #3,629
  • May 31, 2010 2:37pm May 31, 2010 2:37pm
Looks like we are setting up for long trade (FXDD) 1 hour to go.
  • #3,630
  • May 31, 2010 2:41pm May 31, 2010 2:41pm
I run about 100 tests today.. It's amazing how 1 single point (pip) in setting

could affect results.. 1 pip in any TP 1/ TP 2/ SL/ or TSL making a difference

from little or no loss to many loses..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3,631
  • May 31, 2010 3:08pm May 31, 2010 3:08pm
Quoting lawgirl21
Looks like we are setting up for long trade (FXDD) 1 hour to go.
3 hours?.. how do you get 1 hour?
  • #3,632
  • May 31, 2010 3:45pm May 31, 2010 3:45pm
Quoting jiva34
3 hours?.. how do you get 1 hour?
My settings indicate
Start Time= 23:00
Broker Time=23:00
GMT Offset= 3
From the last couple of weeks, it appears to me that the window of opportunity is within the next 3 hours. Just what I have observed.
  • #3,633
  • May 31, 2010 3:50pm May 31, 2010 3:50pm
Quoting lawgirl21
My settings indicate
Start Time= 23:00
Broker Time=23:00
GMT Offset= 3
From the last couple of weeks, it appears to me that the window of opportunity is within the next 3 hours. Just what I have observed.
So the ea looks at 2 or 3 candles?
  • #3,634
  • May 31, 2010 3:51pm May 31, 2010 3:51pm
Quoting jiva34
So the ea looks at 2 or 3 candles?
That's my understanding....I will try to find that info again in the thread..should have book marked it.

I'm in California..where are you in the US?
  • #3,635
  • May 31, 2010 3:54pm May 31, 2010 3:54pm
Quoting lawgirl21
That's my understanding....I will try to find that info again in the thread..should have book marked it.

I'm in California..where are you in the US?
Boynton Beach, Fl.
  • #3,636
  • May 31, 2010 3:54pm May 31, 2010 3:54pm
Quoting lawgirl21
That's my understanding....I will try to find that info again in the thread..should have book marked it.

I'm in California..where are you in the US?

Tokyo opens in 3hrs. 6 min. and EA works before open of that market...that's my understanding.
  • #3,637
  • May 31, 2010 4:02pm May 31, 2010 4:02pm
Quoting lawgirl21
Tokyo opens in 3hrs. 6 min. and EA works before open of that market...that's my understanding.
The start time is 23:00 GMT, 1 hour before Tokyo opens and the EA looks
at the slope of the 2 SMA's betweem the two previous hours, that is between
21:00 GMT and 22:00 GMT.

Hope this helps!
  • #3,638
  • May 31, 2010 4:08pm May 31, 2010 4:08pm
Quoting geoffb65
The start time is 23:00 GMT, 1 hour before Tokyo opens and the EA looks
at the slope of the 2 SMA's betweem the two previous hours, that is between
21:00 GMT and 22:00 GMT.

Hope this helps!
yes. Thanks
So looks like a set up long developing.
Maybe we will get a little pullback first?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 27 KB
  • #3,639
  • May 31, 2010 4:15pm May 31, 2010 4:15pm
Quoting jiva34
Boynton Beach, Fl.
hey jiva34, i am in vero
  • #3,640
  • May 31, 2010 4:17pm May 31, 2010 4:17pm
Quoting jiva34
yes. Thanks
So looks like a set up long developing.
Maybe we will get a little pullback first?
Look back at Geoff's post #3279 also.
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