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Simple H1 GBPUSD EA

  • #3,781
  • Jun 1, 2010 3:05pm Jun 1, 2010 3:05pm
Thanks
I guess that is a question for Steve H.
  • #3,782
  • Jun 1, 2010 3:06pm Jun 1, 2010 3:06pm
Quoting dryclean
This is from post 1

I prefer to place 2 orders with half the lot size, first order to close at +22
when TP1 is reached move the second order SL to BE and let it run.
The SL is large at 140 per order but anything less gives more losing trades.

Unless I'm a dafter which is possilbe What I'm asking is close to what he is doing

My point was just on spread saving. You don't save any spread doubleing your position. But your stategy to let run the second position is very defendable at my eyes. But this is more a manuel trading strategy as I do. Geoff make a fantastic job with this EA.
I just believe in... Peace and good Karma!
  • #3,783
  • Jun 1, 2010 3:08pm Jun 1, 2010 3:08pm
Quoting geoffb65
If the demo accounts are on the same platform you need to make sure
that each one has a different magic number, otherwise they will interact!
thanks again and again
  • #3,784
  • Jun 1, 2010 3:12pm Jun 1, 2010 3:12pm
Quoting SkyzerFX
Guys anyone can help?.. I got EA managing a trade SL TP, Trailing stop,


Thanks..
Skyzer,
Are you just after an EA to manage your open trades? If so you could try using Steve Hopwood's MPTM.

http://www.forexfactory.com/showpost...99&postcount=1

PeeJay
  • #3,785
  • Jun 1, 2010 3:15pm Jun 1, 2010 3:15pm
setting up for another wild ride?
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  • #3,786
  • Jun 1, 2010 3:26pm Jun 1, 2010 3:26pm
Quoting peejaywk
Skyzer,
Are you just after an EA to manage your open trades? If so you could try using Steve Hopwood's MPTM.
Thanks, I checked and those Steve solutions got 100+ futures more than

I need.. I'll be looking to modify one I have..
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  • #3,787
  • Jun 1, 2010 3:38pm Jun 1, 2010 3:38pm
Quoting jiva34
setting up for another wild ride?
Yeah, if it drops 50-90 pips, should be good to re-enter.
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  • #3,788
  • Jun 1, 2010 3:50pm Jun 1, 2010 3:50pm
Quoting jiva34
setting up for another wild ride?
.... another scary night....

JJ
  • #3,789
  • Jun 1, 2010 3:56pm Jun 1, 2010 3:56pm
Something like this I think ( every time pair moves beyond B Bands, retrace happens)

Sorry BB color too dark :
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  • #3,790
  • Jun 1, 2010 4:00pm Jun 1, 2010 4:00pm
Quoting camvcvoo
Personally, i think if you stick with the default SL of 140 pips, you will feel different now. Geoff warned of the large SL beforehand. You are free to adjust the SL or TP that suits you. However, if you do not stick with the defaults, you are not getting the results that you should expect.

So goes the same for others, you knew of the large SL and its implications. If you still choose to use with default settings and did hit SL, just accept it. Losses is part of trading, be it manual or automated. Do not make any form of (direct or indirect) complaints...
I haven't lost a trade using first v5a and now v8. I am at a loss as to why anyone is trying to improve this ea with their own convoluted solutions. This ea is as close to the Hoily Grail as many of us have been. camvcvoo, in no way are you offensive. You are enlightened and very respectful. I'm on EST time. I went to sleep in the hole and voila, I woke up 72 pips to the better. Something I took from the crap table can be applied to the 140 pip stop loss..."If you're scared, get a dog." Peace to all of you.
If you're scared get a dog.
  • #3,791
  • Edited 4:21pm Jun 1, 2010 4:07pm | Edited 4:21pm
Quoting Boxxie
I haven't lost a trade using first v5a and now v8. I am at a loss as to why anyone is trying to improve this ea with their own convoluted solutions.
Manually entered trades yesterday can do 50%+ on top

of what EA manage + no worries been down 70 pips most of the time..

No question if it's looks good (in direction of the trade) I'll let EA manage the trade, but when it's a clear SELL

I don't want to get BUY executed, sorry.

P.S

LONG trade expected..

I cut my lot size in half , until I get that manual solution ready.

Cable must come down before Long can be taken safely..
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  • #3,792
  • Jun 1, 2010 4:28pm Jun 1, 2010 4:28pm
Quoting SkyzerFX
Guys anyone can help?.. I got EA managing a trade SL TP, Trailing stop,

Trailing step.. and so on.. The only 2 problems

#1) on 5 digit account Zero (0) should be added to each number in settings
just copy this block of code or from Geoff's or any other ea here in FF. here is one of the examples:

if(Digits == 2 || Digits == 4) POINT = Point;
else if(Digits == 3 || Digits == 5) POINT = 10*Point;
else if(Digits == 6) POINT = 100*Point;

and later, everywhere replace Point with POINT

Quoting SkyzerFX
#2) it's modifying every trade open on the account..

( I activate it on my account and sucker closed all my trades in profit

all of them in few seconds)

And it needs to be managing only trades from CURRENT CHART
yes, when you will open orders (somewhere else as i see), you should use magic numbers to identify orders.
  • #3,793
  • Jun 1, 2010 4:33pm Jun 1, 2010 4:33pm
Quoting SkyzerFX

I don't want to get BUY executed, sorry.
btw, yesterday i thought that may be it's a good idea to use pending orders with 30 points distance.
  • #3,794
  • Edited 6:06pm Jun 1, 2010 5:13pm | Edited 6:06pm
this version is a little bit nicer
Attached File(s)
File Type: mq4 2EMAs.mq4   6 KB | 276 downloads
File Type: ex4 2EMAs.ex4   7 KB | 305 downloads
  • #3,795
  • Jun 1, 2010 5:27pm Jun 1, 2010 5:27pm
ma in color gives visual guidance
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File Type: mq4 MAColor.mq4   4 KB | 325 downloads
  • #3,796
  • Edited 5:40pm Jun 1, 2010 5:28pm | Edited 5:40pm
When I first posted in this thread regarding trading around the EA, a few said they would "set it and forget it" .

However Geoff could see what i was refering to and asked me to put together the manual pdf file..

Now that you have seen what can happen with the Ea regarding drawdowns, maybe you can see why I said reduce your lot size the EA trade's and look to add pending orders as I decribe in the pdf file.

Sure there will be days when the EA opens a trade and it runs right to profit and you will only make a small profit, but then theres days like yesterday.

I have been trading the markets for over 15 years I have seen it before, If you intend to be here tomorrow or next week....learn Money Mangement and discipline and please do not chase the market let it come to you.

And yes I used the method in pdf file yesterday and yes It worked very nicely ...

  • #3,797
  • Jun 1, 2010 5:38pm Jun 1, 2010 5:38pm
Quoting Flamenco143
Like others, had it opened a trade for me I would have panicked and bailed at the time it was about a 80 pip loss, or maybe even before. This is why (other than scalping or using an automatic break-out system) I am not successful trader, in spite of the fact I've read every book on being controlled by fear and greed in the 12+ years I've been trading, I am not a successful long term trader. Not controlling my fear of bigger losses has caused me to close trades prematurely when, HAD I LEFT IT ALONE, it would have turned profitable, and sometimes...
Yeah.. agreed..thanks though..
  • #3,798
  • Jun 1, 2010 5:40pm Jun 1, 2010 5:40pm
Quoting sashasan
btw, yesterday i thought that may be it's a good idea to use pending orders with 30 points distance.
Sasha, thanks..

I guess people just get me wrong.. I'm not trying to compete or modify

existing EA.. All I'm trying to get is a somewhat Manual version

of existing EA.. Type of "make sure trade is fine before position is taken"

(by the way I'm sure that downside risk can be reduced accordingly -

nothing wrong about that, right? Visually approve the trade before it

triggers.)

That's all
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  • #3,799
  • Jun 1, 2010 5:45pm Jun 1, 2010 5:45pm
calstock do you let the ea open the trade then go manual or do you go manual the whole way
  • #3,800
  • Jun 1, 2010 5:59pm Jun 1, 2010 5:59pm
Quoting dryclean
calstock do you let the ea open the trade then go manual or do you go manual the whole way
I let the EA do its thing....and I only start looking to add pending orders in the advent of a retraction ( like yesterday) if I think she will run to the targets I will some times add a few positions..

I work on a high return low risk trading method's where I will not enter a trade untill I have calculated a exit point and it must return a predetermined profit ratio and I only trade markets with direction.

If you look back through the thread you will see I have posted my exit points before.

This method has put food on my table for several years and the table's of my clients.
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