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Simple H1 GBPUSD EA

  • #4,121
  • Jun 4, 2010 6:26am Jun 4, 2010 6:26am
Quoting aandrea
Hello everyboby

trade for me too this night:
V9 --> 2 sell at 1.46289
V7 --> 2 sell at same price

THANK'S GEOFF!!!! :-)

(alpari uk real)
That is very pleasing but I don't know why you had a trade, I use Alpari UK
and had no trades on demo or live accounts, nor did I expect any trades as
the SMA's were crossed, one up one down!
  • #4,122
  • Jun 4, 2010 6:33am Jun 4, 2010 6:33am
Quoting tsquad
You can go back to my previous posts to see my logic behind it.
T...
Your logic is wrong, backtest say that. Period.

Mr. Backtest
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,123
  • Jun 4, 2010 6:44am Jun 4, 2010 6:44am
Quoting SkyzerFX
Why is so hard to look real time GMT and compare to broker time

and see the difference in hours? This is something first grade kid

can do. Why waisting time and bites for those who cannot simple

calculate pre-school math? Those going to lose money anyways

with or without EA.

Yap, I am agreed with you 100% ,

but from the thread start i see people who are So i just thought to help avoid that .
  • #4,124
  • Jun 4, 2010 7:08am Jun 4, 2010 7:08am
would like to upgrade to v9. There has been discussion here and there about some problem with v9?
What do I need to know? Is there some changes I need to make to it in the code or in options etc to run nicely for FXDD, gmt +3, 4 decimal broker?
v8 is working nicely, just stay with v8?
thanks..
  • #4,125
  • Jun 4, 2010 7:11am Jun 4, 2010 7:11am
Quoting jiva34
would like to upgrade to v9. There has been discussion here and there about some problem with v9?
What do I need to know? Is there some changes I need to make to it in the code or in options etc to run nicely for FXDD, gmt +3, 4 decimal broker?
v8 is working nicely, just stay with v8?
thanks..
The only problem with v9 is in the Money Management which is currently set
up for 4 digit brokers, it is out by a factor of 10 on 5 digit brokers!

Oops!

If you use Manual_Lot_Size you will have no problem with v9!
  • #4,126
  • Jun 4, 2010 7:20am Jun 4, 2010 7:20am
Big moves on the EURUSD and GBPUSD prior to NFP in 10 minutes!

I'm pleased I don't trade on Friday afternoon!
  • #4,127
  • Jun 4, 2010 7:27am Jun 4, 2010 7:27am
Quoting geoffb65
That is very pleasing but I don't know why you had a trade, I use Alpari UK
and had no trades on demo or live accounts, nor did I expect any trades as
the SMA's were crossed, one up one down!
GULP!
i don't know why?!
my setting are same of yours.....
mmmmmmhh
GMT=+2
and nothing modified.....
don't know why!
  • #4,128
  • Jun 4, 2010 7:45am Jun 4, 2010 7:45am
Quoting geoffb65
...I don't know what we can do about this and I welcome any suggestions!...
Geoff

Here is a suggestion. DON"T CHANGE A THING!!!! Here is why.

1. Back testing fallacy. Needing a positive back test over past years is ridiculous. Back testing results are like fools gold - they look pretty but have no real value. The only thing in back test that holds value is to see if your EA works the way it was designed. Believing that a EA profitable over the past x number of months or years means it will be profitable in the future is a fallacy. Markets are dynamic - changing constantly. What works today may or may not work tomorrow. If you want an EA with pretty back testing results, buy one over the internet. It probably will never make you any money - it probably never made the author any money either - that is until he sold it to you...

2. Logic behind the EA is solid. The logic as I see it is to take a long term trend, confirming it with a shorter term trend and initiate an order at the time when the trend is least likely to reverse. Brilliant...

The only time you will get a loss is when the market reverses and goes against these trends for at least the number of pips of your SL.

3. As the number of brokers and the ways they manipulate the markets continue to explode, results will vary. Remember the 700 pip spike last week with one broker? Remember the 1000 point drop on the Dow a couple of weeks ago? They still don't know what happened, but I for one, am still trying to get my account straightened out. Pick a couple of legit brokers that you are comfortable dealing with and limit discussion to just those brokers. Do you think there might be a reason some brokers offer ridiculously low spreads or commissions as compared to others?

Again Geoff - don't second guess yourself and keep up the great work...


T...
  • #4,129
  • Jun 4, 2010 7:57am Jun 4, 2010 7:57am
Quoting SkyzerFX
Your logic is wrong, backtest say that. Period.

Mr. Backtest
Let's just say we agree to disagree on the absolute validity of back testing...


T...
  • #4,130
  • Jun 4, 2010 7:58am Jun 4, 2010 7:58am
Quoting geoffb65
The only problem with v9 is in the Money Management which is currently set
up for 4 digit brokers, it is out by a factor of 10 on 5 digit brokers!

Oops!

If you use Manual_Lot_Size you will have no problem with v9!
I hope this isn't redundant but what would be the advantage of upgrading to v9 if v8 is working nicely?
Thank you..
  • #4,131
  • Jun 4, 2010 8:12am Jun 4, 2010 8:12am
Quoting tsquad
Let's just say we agree to disagree on the absolute validity of back testing...


T...
Hi tsquad

I agree with you, back testing has it's uses but is no real guide to the future.

As I see our EA when we place an order 1 of 3 things happens:

#1. The price goes against us and hits the SL.
#2. The price goes against us during the Tokyo session then returns to our direction through the London session.
#3. The price goes in the right direction and we are in profit and out of the trade within a couple of hours.

In back testing and forward testing, clearly #1 will happen but does not happen
very often, so we are really left with only two out of three options.

#2. This is why we need the big stoploss to ride the drawdown experienced
through the Tokyo session.

#3. The ideal trade, no sweat, no tears and no drawdown!

Even if all three of these worked in equal quantities, we would still have two
thirds profit and only one third losses, which is an excellent average!
  • #4,132
  • Jun 4, 2010 8:13am Jun 4, 2010 8:13am
I believe that slippage in V9 has been changed to get more trades as experienced with my trades last night. V8 did not trade while V9 did trade and got me 41 pips.
  • #4,133
  • Jun 4, 2010 8:15am Jun 4, 2010 8:15am
Quoting jiva34
I hope this isn't redundant but what would be the advantage of upgrading to v9 if v8 is working nicely?
Thank you..
There was a potential problem with slippage in v8 that could have resulted
in missed trades, the slippage was way too small.
  • #4,134
  • Jun 4, 2010 8:16am Jun 4, 2010 8:16am
Quoting gerry berard
I believe that slippage in V9 has been changed to get more trades as experienced with my trades last night. V8 did not trade while V9 did trade and got me 41 pips.
You said it before me!
  • #4,135
  • Jun 4, 2010 8:18am Jun 4, 2010 8:18am
Thank GEOFF for this great EA. Don't change a thing.
  • #4,136
  • Jun 4, 2010 8:27am Jun 4, 2010 8:27am
Quoting gerry berard
Thank GEOFF for this great EA. Don't change a thing.
I will try not to but I can't help myself sometimes!

I will never change the basic algorithm that is for sure!
  • #4,137
  • Jun 4, 2010 8:58am Jun 4, 2010 8:58am
Quoting geoffb65
Hi tsquad

I agree with you, back testing has it's uses but is no real guide to the future.

As I see our EA when we place an order 1 of 3 things happens:

#1. The price goes against us and hits the SL.
#2. The price goes against us during the Tokyo session then returns to our direction through the London session.
#3. The price goes in the right direction and we are in profit and out of the trade within a couple of hours.
and #1 rarely occurs...

Recently Japan changed some of its central bank's monetary patterns and two EA's I was testing went from unbelieveably positive to downright ugly. How many other such changes occurred over the past couple of years that we are unaware of? Just no way for back testing to pick up such a change - but the next years, people will try back test and try to create an EA to account for this abnomilly that just cannot be anticipated...

T...
  • #4,138
  • Jun 4, 2010 9:05am Jun 4, 2010 9:05am
Quoting geoffb65
You said it before me!
Geoff, did you just remove V9 from the 1st post? I'm not able to download it.

thanks
  • #4,139
  • Jun 4, 2010 10:07am Jun 4, 2010 10:07am
Quoting geoffb65
Big moves on the EURUSD and GBPUSD prior to NFP in 10 minutes!

I'm pleased I don't trade on Friday afternoon!

I know this might be a wild idea

But do you think you can make a breakout EA for NFP? An Ea that active only on first Friday everymonth just before the NFP.... I think those NFP wild move has some hidden potential....
  • #4,140
  • Jun 4, 2010 10:11am Jun 4, 2010 10:11am
Quoting kellera6
Geoff, did you just remove V9 from the 1st post? I'm not able to download it.

thanks
No, maybe FF was busy, try it again.
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