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Simple H1 GBPUSD EA

  • #3,661
  • May 31, 2010 8:01pm May 31, 2010 8:01pm
Quoting kappaforex
Hi traders, finally got a trade on the gbpusd

1.45305 Buy entry! Im a manual trader and have been trading this way based on breakouts and following fibs and ADX. I have used a number of EA's out there. My first trade using this system is currently down 30 pips. Every EA that i have come across trades and opposite direction to the breakout. It was clearly a sell entry as the moving averages cross and the ADX crossed up over the 20 mark and also the strength signalled a short. Can anyone explain to me why each EA i come across breaks this trend and...
Hey kappa, I like you, have this on my MBT demo @ .45295 It is the first trade I have been in using this ea...

What I see, and longer time followers please correct me if I am wrong, the ea looks back at the previous 2 closed bars for ma slope. IF the slope of the 2 ma's agree then the trade may be implemented if within the correct time parameters..

This trade was place correctly in that respect but it simply got caught at the same time as the price was rolling over from up to down.

The EA is definitely not designed to trade against the trend on the 1 hr chart. This just so happened to be "one of those times" that it got caught as price changed direction immediately after the 2 look back bars....

It is after all a EA and is limited by its programming..

I live trade longer time frames and hold positions over time.. Just experimenting with this as it does look promising.. always looking to expand my horizons....

again, If I have misstated the functions of this EA someone please don't hesitate to correct what I have said....
  • #3,662
  • May 31, 2010 8:12pm May 31, 2010 8:12pm
This is a quote from the opening post of this thread:

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

This is the parameter the EA is based on.

The succes rate has been high. Today....? Who knows.
  • #3,663
  • May 31, 2010 8:17pm May 31, 2010 8:17pm
Quoting Spaghetti
This is a quote from the opening post of this thread:

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

This is the parameter the EA is based on.

The succes rate has been high. Today....? Who knows.
For sure... Trade could easily come back for profit... and if not it's just one trade, no one wins them all..
  • #3,664
  • May 31, 2010 8:26pm May 31, 2010 8:26pm
Quoting tommyd
For sure... Trade could easily come back for profit... and if not it's just one trade, no one wins them all..

  • #3,665
  • May 31, 2010 8:55pm May 31, 2010 8:55pm
I got a long entry on FXCM.. it could be wrong.. bcoz my IBFX did not trigger any trade yet.

GMT offset on FXCM-UK is - 1.

Anyone has FXCM-UK.. ?
  • #3,666
  • May 31, 2010 8:57pm May 31, 2010 8:57pm
Quoting kappaforex
Hi traders, finally got a trade on the gbpusd

1.45305 Buy entry! Im a manual trader and have been trading this way based on breakouts and following fibs and ADX. I have used a number of EA's out there. My first trade using this system is currently down 30 pips. Every EA that i have come across trades and opposite direction to the breakout. It was clearly a sell entry as the moving averages cross and the ADX crossed up over the 20 mark and also the strength signalled a short. Can anyone explain to me why each EA i come across breaks this trend...

Why don't you fricking stop trading this ea and carry your negativity elsewhere
  • #3,667
  • May 31, 2010 9:59pm May 31, 2010 9:59pm
Quoting cprao
I got a long entry on FXCM.. it could be wrong.. bcoz my IBFX did not trigger any trade yet.

GMT offset on FXCM-UK is - 1.

Anyone has FXCM-UK.. ?
Yes, I do. FXCM UK using the MT4 trading station is GMT offset +1.
  • #3,668
  • May 31, 2010 10:23pm May 31, 2010 10:23pm
Anyone knows if BOC rate decision will have big impact on the cable? being new trader i have'nt monitor thios scenario much
  • #3,669
  • Edited 10:42pm May 31, 2010 10:40pm | Edited 10:42pm
Quoting kellera6
Yes, I do. FXCM UK using the MT4 trading station is GMT offset +1.
There you go.. but my setting is also +1.

Did it genereate a trade for you ?
  • #3,670
  • Jun 1, 2010 12:35am Jun 1, 2010 12:35am
Quoting stifland
Why don't you fricking stop trading this ea and carry your negativity elsewhere
Hi Stifland, thank you for your kind words!

In Forex Trading its about picking a trade based on strategy and a signal do go with it. To be down 50 pips in a trade and wait for a reversal is not a way to trade. I was merely pointing out a tip. If you can't take constructive criticism then you will never learn anything new buddy. i have no disregard for this forum whats so ever.
  • #3,671
  • Jun 1, 2010 12:44am Jun 1, 2010 12:44am
I am on GMT +8, it should be dark in US now..

Here's my recent status, after holding minus 50pips for hours.. the price moved as it make the right move.. Thanx to the 140SL.. Everyone who had the EA made long trade recently should have this result as well..

Hope for a +ve result after few hours..

Attached is the current price as of 1:17pm (GMT +8)
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 01 13.17.jpg Size: 210 KB
  • #3,672
  • Jun 1, 2010 1:03am Jun 1, 2010 1:03am
Quoting cprao
I got a long entry on FXCM.. it could be wrong.. bcoz my IBFX did not trigger any trade yet.

GMT offset on FXCM-UK is - 1.

Anyone has FXCM-UK.. ?
I have 6 installations of MT4 from various brokers... (yes, I'm a little jazzed about helping Geoff test and develop this EA

One thing I've noticed about all 6 (4 with one broker) is that the backtesting results can vary quite a bit.

After doing a little digging, I found that the amount of historical data available for backtesting varied widely, even after tweaking the settings (Tools -> Options -> Charts Tab -> Max Bars in History to Max (2147483647) and downloading as much data as available (Tools -> History Center -> Forex -> GBPUSD -> 1 Minute -> Download).

Backtesting obviously requires good data, so I have a few questions:

1. Geoff - are you only looking at M1 Data?
2. Does anybody know of a good data source?
3. At one point I was able to download M1 data going back to 1999 (yes, I'm a little serious about backtesting and export it as a csv file - it's 171 Megs Unzipped & 27 Megs zipped - if all else fails (ie, there's no other good source for data available), then I can upload it (here?) so we can all at least be on the same data.

I can't imagine anything more confounding than trying to pin down a winning strategy with so many variables, with highly variable input data...

P.S. - Geoff - thank you So much for sharing your work with us - I know that if we all put our heads together, we can develop another EA worthy of managing large accounts.

Franko
  • #3,673
  • Jun 1, 2010 1:13am Jun 1, 2010 1:13am
IamFX

No trade
GMT +1
start time 23
based in UK

Paulus
  • #3,674
  • Jun 1, 2010 1:41am Jun 1, 2010 1:41am
01.06.10, v8, default settings

Alpari UK live Classic, 01:15 CET, long at 1.4530
Alpari UK demo, no trade
  • #3,675
  • Jun 1, 2010 2:23am Jun 1, 2010 2:23am
V8 & v7a i closed manually with a huge -80pips per trade (4 total trades).. I couldnt risk my std acc more..

Geoff, any comments about this horrible thing (4 me)
  • #3,676
  • Jun 1, 2010 2:37am Jun 1, 2010 2:37am
Quoting bee7244
V8 & v7a i closed manually with a huge -80pips per trade (4 total trades).. I couldnt risk my std acc more..

Geoff, any comments about this horrible thing (4 me)
even form me (alpari live) open long and still in loss...
  • #3,677
  • Jun 1, 2010 2:48am Jun 1, 2010 2:48am
My Alpari UK live didn't trade. I was on the v. 3 Order but I don't think that would have mattered. It's the same bot.
  • #3,678
  • Jun 1, 2010 3:16am Jun 1, 2010 3:16am
Quoting sanyhuis
My Alpari UK live didn't trade. I was on the v. 3 Order but I don't think that would have mattered. It's the same bot.
is very strange that with the same broker for someone this night trade (like me) and now is loosing, and for someone it hasn't trade...
  • #3,679
  • Jun 1, 2010 3:23am Jun 1, 2010 3:23am
Here's what I see.
a breakout to the the upside.
The ea is what it is. It has a huge stop loss
a terrific success rate
and may take some time to complete
The overall trend is still up..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 34 KB
  • #3,680
  • Jun 1, 2010 3:24am Jun 1, 2010 3:24am
Quoting gabri
is very strange that with the same broker for someone this night trade (like me) and now is loosing, and for someone it hasn't trade...
I know, gabri....I'm sorry. I don't understand either. What time were your trades placed?
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