Simple H1 GBPUSD EA | Page 196 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple 3 order GBPUSD EA 1,047 replies

Experiment with "Simple H1 GBPUSD EA" 4 replies

Simple 5m GBPUSD trade system 10 replies

Attachments: Simple H1 GBPUSD EA
Exit Attachments

Simple H1 GBPUSD EA

  • #3,901
  • Jun 2, 2010 11:26am Jun 2, 2010 11:26am
Quoting sashasan
i have IBFX and did backtest for many times, there was only one loss, by 23rd, and it shows also in other brokers' backtesing as well. so just check the options carefully.
overall, there should not be that much difference between IBFX and any other brokers, for ex i remember when all (or majority of) brokers did not get trades, IBFX got and was in profit.
Thanks Sashasan, so we have at least one failed trade in common but mine was an entry on the 22nd. Wonder why yours is 23rd? It should be the same since we are both IBFX which has GMT0. You can see that my settings are correct since all my entries are in the GMT23 bar.

Could you please send me a report of backtest for March ( 1 month only)?
It would be good to show me in the same format as I have shown in my previous post (with the entry time, price, SL, TP, profit for all trades).

CY
  • #3,902
  • Jun 2, 2010 11:29am Jun 2, 2010 11:29am
Quoting jiva34
do you have the correct gmt offset?
Hi Jiva,

GMT offset is 0 for IBFX. I did not change the Start Time as it was default to 23.
You can see from my charts that entry is indeed at GMT23 bars.
It is really strange!


CY
  • #3,903
  • Jun 2, 2010 11:29am Jun 2, 2010 11:29am
Back from 2 week honeymoon Back to normal life now lol

After the error #0 trade it placed Monday 17th's order fine so I'm not sure what happened.

This mornings trade didnt happen as I upgraded to v8 and left Micro option set to true. Will upgrade to v9 tonight and remember to disable that option
  • #3,904
  • Jun 2, 2010 11:33am Jun 2, 2010 11:33am
Quoting Quitepips
hi geoffb65,

I am using Fxopen, and I have back tested V8 and V9. Here is the report attached

I know my modeling quality is bad, but i am confusing about download metaquotes history insted of Fxopen history. So i just leave it..

I am going to stick to V8, because V9 have ....

Thank you for your great effort and continuous support.
It looks like you have not set the GMT offset for v9!
  • #3,905
  • Jun 2, 2010 11:35am Jun 2, 2010 11:35am
Quoting couton
Back from 2 week honeymoon Back to normal life now lol

After the error #0 trade it placed Monday 17th's order fine so I'm not sure what happened.

This mornings trade didnt happen as I upgraded to v8 and left Micro option set to true. Will upgrade to v9 tonight and remember to disable that option
Good for you, welcome back, still married I hope!
  • #3,906
  • Jun 2, 2010 11:37am Jun 2, 2010 11:37am
Quoting gabri
i'm use alpari, is 5 digits.

its strange that with the v8 it works fine...
I tweaked it when someone complained but I think I should have left it as it was!
  • #3,907
  • Jun 2, 2010 11:40am Jun 2, 2010 11:40am
Quoting stifland
what if 3% is $17. 2 full loss at .01 is $28 so will it trade? it says order lots .01.
I had been using manual, but as account grows would like to use MM.
I will have sort it out when I get time!
  • #3,908
  • Jun 2, 2010 11:40am Jun 2, 2010 11:40am
Thanks to Franko, Calstock, Skyzer, Joet et al. for your help. I think I'm set up correctly now. I didn't know about that other "Options" place under Tools/Options/Expert Advisors. That was not set correctly! We'll see how it goes in new session.
  • #3,909
  • Jun 2, 2010 11:42am Jun 2, 2010 11:42am
Quoting happytrainer
Hi Geoff,
I have back-testet the EA with great results for 2009 and 2010 til now.
How come, the backtesting-results for 2007 and 2008 are so bad??
do you have an explanation for that??
Thanks
-happy
I didn't use it before April 2010, maybe the price action was different then!
  • #3,910
  • Jun 2, 2010 11:44am Jun 2, 2010 11:44am
Quoting VlanFx
Hi Geoff,

I've been following this thread pretty much from the beginning, but only recently started to use your EA (v7) on my live account (Alpari UK). Last night was the fourth night it traded and the forth time trades ended up in profit. So far it got me 251.4 pips

So a BIG 'THANK YOU' to you and God bless you.

Vlan
Thank you, I needed a positive post to cheer me up!
  • #3,911
  • Jun 2, 2010 11:45am Jun 2, 2010 11:45am
Quoting geoffb65
I will have sort it out when I get time!
no worries, just curious if it would or not. leaving on manual
  • #3,912
  • Jun 2, 2010 11:46am Jun 2, 2010 11:46am
Phew!

Where did you all come from, it's been quiet all day!
  • #3,913
  • Jun 2, 2010 11:49am Jun 2, 2010 11:49am
Quoting ertorque
Thanks Sashasan, so we have at least one failed trade in common but mine was an entry on the 22nd. Wonder why yours is 23rd? It should be the same since we are both IBFX which has GMT0. You can see that my settings are correct since all my entries are in the GMT23 bar.

Could you please send me a report of backtest for March ( 1 month only)?
It would be good to show me in the same format as I have shown in my previous post (with the entry time, price, SL, TP, profit for all trades).

CY
ertorque, i got the same results as you, but after i reloaded history and refreshed a chart, i got your first losing trade gone. try the same first ...
  • #3,914
  • Jun 2, 2010 12:03pm Jun 2, 2010 12:03pm
Quoting geoffb65
I tweaked it when someone complained but I think I should have left it as it was!

no problem i'm using the v9 with manual lot to bypass the problem...

thanks
  • #3,915
  • Jun 2, 2010 12:05pm Jun 2, 2010 12:05pm
Quoting geoffb65
There is something wrong with that system, maybe you could use the VHigh risk
and set the % to whatever works, the problem happens when going from
5 digit brokers to 4 digits it multiplies by 10.
Comparing v8 and v9 side-by-side, there is a minor error in the v9 money management code. In the "expert start function" section, the line

Inserted Code
double Risk = RiskPercent / 10;
should be

Inserted Code
double Risk = RiskPercent / 100;
This handled the issue for me on my 5-digit account. 4-digit solution is still a work in progress....
  • #3,916
  • Jun 2, 2010 12:12pm Jun 2, 2010 12:12pm
Quoting ertorque
I would appreciate it if any IBFX users could backtest V8 for March 2010 (1st March to 31st March) for comparison with my results.
I am getting 2 full losses during this backtest period.
My settings are default and I attach the chart showing failed trades and their corresponding detail report (22nd March failed buy order and 25th March failed sell order)

From how price moved for these 2 failed trades, it is unlikely that other IBFX users do NOT see the same thing.
Price basically reversed full time after order is placed. So it would...
Hi ertorque...

sorry for my late post.
my result is quiet different from yours, but still the result is not good .
am using default setting V8 with GMT offset=0.
just check my attachment...

Regards

Tinorio
Attached Image (click to enlarge)
Click to Enlarge Name: ibfx.gif Size: 5 KB
Attached File(s)
File Type: zip ibfx.zip   3 KB | 260 downloads
Helping Others bring u luck
  • #3,917
  • Jun 2, 2010 12:31pm Jun 2, 2010 12:31pm
Quoting geoffb65
Thank you, I needed a positive post to cheer me up!
Well here's another one...I have not added all my pips, but its between 300 and 400.... you are a blessing to us all.
  • #3,918
  • Jun 2, 2010 12:31pm Jun 2, 2010 12:31pm
Quoting tinorio
Hi ertorque...

sorry for my late post.
my result is quiet different from yours, but still the result is not good .
am using default setting V8 with GMT offset=0.
just check my attachment...

Regards

Tinorio
Thanks a lot Tinorio. I will compare mine and yours. One question though,
my historical data was the from the 'original' pool. What I meant is I did not do any downloading from Metaquotes like some of you guys did here. Before you press the 'Download Button' in History Centre, there is a message that warns abt possible price difference between Metaquotes and IBFX.
What historical data did you use? Did you download from Metaquotes? If so, that could explain why the slightly different results.
Now the question is, should we not backtest based on IBFX data rather than Metaquotes since we are after all using IBFX?

CY
  • #3,919
  • Jun 2, 2010 12:32pm Jun 2, 2010 12:32pm
  •  joet
  • | Joined Sep 2009 | Status: Once the kid, now the Senior | 42 Posts
Hi Geoff,

Hi Tinorio. I use IBFX Demo on my testing. Their GMT off set should be 0. I have back tested couple of dozen times and changed my GMT off set to 1. I get the best back test and the best demo trades, the trades are placed just after mid night. Seem right to me. Please try in your back testing and check. I have optimized IBFX on my computer and have changed settings slightly from Geoff's. I do not know why a few pip's changes work better than others ??

Best trading

joet
  • #3,920
  • Jun 2, 2010 1:10pm Jun 2, 2010 1:10pm
Quoting Paulus
true ..even on my manual trades if my TP and SL are set I often walk away come back in an hour..same with this really does us a favour in the UK that it triggers a trade just as Im climbing into bed if you trust the EA dont get involved.

Slight update got my GMT offset wrong on my post

IamFX uk +3

2nd June
2 trades in at 1.4677

out +24.10
out +47.30

Total 71.10 pips

May 28th
2 trades in at 1.4558

out +24.40
out +13.10

Total 37.20 pips



P
Paulus,

What version are you using?
1 trader viewing now