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Simple H1 GBPUSD EA

  • #5,221
  • Jun 21, 2010 3:44am Jun 21, 2010 3:44am
Quoting geoffb65
Attached is Tokyo v12 which has the new AllowWeekendTrades option.
There...
Million thanks to Geoff and piptician with their endless hours to the EA!


For the new item, if I set it false to AllowWeekendTrades, will it skip Monday trade(Tokyo time, just like the trade last night)?
  • #5,222
  • Jun 21, 2010 3:49am Jun 21, 2010 3:49am
Quoting garyhk
Million thanks to Geoff and piptician with their endless hours to the EA!


For the new item, if I set it false to AllowWeekendTrades, will it skip Monday trade(Tokyo time, just like the trade last night)?
With AllowWeekendTrades false there would be no attempt to trade last night!
  • #5,223
  • Jun 21, 2010 3:57am Jun 21, 2010 3:57am
Quoting geoffb65
With AllowWeekendTrades false there would be no attempt to trade last night!
Got it, that means skipping Monday trade....Thanks Geoff.
I can’t wait anymore to test it! But...I’m still working in a tiny and boring office...
  • #5,224
  • Jun 21, 2010 5:19am Jun 21, 2010 5:19am
Quoting Flamenco143
On EA Properties/Inputs: when increasing MaxLots from 0.1 to say 0.3 or 0.5, should the UserMaxLots be increased to match?

And here's the biggest thing I fly.
I couldn't fly that, out in the open!

I suffer from vertigo if I'm not in an enclosed cockpit.

I have 300+ hours solo in gliders which is not bad for 10 years of UK weather but
I envy RisingSuns Mt. Fuji, all we have is Sutton Bank at 600 feet!
  • #5,225
  • Edited 6:34am Jun 21, 2010 6:10am | Edited 6:34am
Quoting 66trader66
Thank you so much LawGirl21 and Sunyhuis also. Great help. Will be trading the ATC live account tomorrow with $5K. What would you suggest that I do regarding size for a 3 contract trade?
ATC got 0.1 regular lot minimum you should not trade 3 order version

maybe 1-2 max (for 2 orders $280 risk little below 5%). $5k Not enough

capital for such lot size for 3 orders. 1 order version only around 3% risk with 0.10 lot for $5k account.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,226
  • Jun 21, 2010 6:26am Jun 21, 2010 6:26am
Quoting garyhk
It is absolutely terrible to me. The EA has set 120pips SL but your trades were closed at 19pips, that’s strange and out of my expectations! $500 should have enough margin to stand 120pips!
Look like somebody needs to go back to school for couple of years,

before start trading this EA.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,227
  • Jun 21, 2010 6:29am Jun 21, 2010 6:29am
Thanks GEO. Awaiting your response.
  • #5,228
  • Jun 21, 2010 7:39am Jun 21, 2010 7:39am
I was way over-leveraged in the FXDD account and I realize it. Way over! Thanks for everyone's critical comments and LawGirl21's explanation as well as others. Hopefully this evening (I am in the US, PA) I will have it all worked out and trade the correct amounts with the appropriate time settings, etc. We will see, but in the meantime I do appreciate everyone's comments.
  • #5,229
  • Edited 8:15am Jun 21, 2010 7:57am | Edited 8:15am
sorry a little off track from this thread.
i hope everyone don't mind especially geoffb65 (very sorry) onwer of this thread.
the below thread need some help. i believe this EA and strategies have potential.
http://www.forexfactory.com/showthread.php?t=242490
can someone with programming skill help out.
the EA cannot run on ECN...and also need some improvement.
sorry i am novice and no idea on programming.

million thanks and i apologies for off track from this topics.
i hope the prgrammer here don't mind to help out.
million thankshttp://cdn.forexfactory.com/images/icons/icon7.gif
  • #5,230
  • Jun 21, 2010 9:00am Jun 21, 2010 9:00am
Quoting SkyzerFX
Look like somebody needs to go back to school for couple of years,

before start trading this EA.
I got your meaning. I made some assumptions on my calculations. Sorry for my mistake. Btw, sorry for using the wrong type.
  • #5,231
  • Jun 21, 2010 9:51am Jun 21, 2010 9:51am
Quoting garyhk
I got your meaning. I made some assumptions on my calculations. Sorry for my mistake. Btw, sorry for using the wrong type.
No problem, man, all good.. I hope somebody can come up with the

Idea how to lower that Stop Loss.. It's hard to do on Cable,

as this pair very volatile Risk:Reward too big. When, if strategy

stop working, few wrong trades can wipe out entire account..

No gold line in Forex. Odds to win much less, than in Casino.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,232
  • Jun 21, 2010 10:29am Jun 21, 2010 10:29am
Quoting SkyzerFX
No problem, man, all good.. I hope somebody can come up with the

Idea how to lower that Stop Loss.. It's hard to do on Cable,

as this pair very volatile Risk:Reward too big. When, if strategy

stop working, few wrong trades can wipe out entire account..

No gold line in Forex. Odds to win much less, than in Casino.
Yup, I got your point

Skyz, for this EA, if we start trading with a small amount initial balance (of course I can't pay for a large amount), it will take a long long time to gather some significant increment. However, longer time will make this EA success rate based on my back testing result. Any idea about this?
  • #5,233
  • Edited 11:10am Jun 21, 2010 10:59am | Edited 11:10am
Quoting garyhk
However, longer time will make this EA success rate based on my back testing result. Any idea about this?
Nobody can guarantee when this Method will stop working..

Obviously this Method didn't work before 2009. It somewhat start working

from beginning of 2009, which is 18 month already.

Let's say when Market conditions

change, you going to hit Stop loss, will keep trying and hit another,

then another. You will never know, if this just a planned 1 time Loss,

or Entire method stop working, and it could be too late when you figure

out what is really happening.. I think best Idea is to just throw $1k

on it with the MINI account 1.0 LOT = $1 and set Settings to High Risk

10% Ok, maybe 8%.. Hopefully you will double that small account and

withdraw protect original principal invested. So you can let it run with

Win (FREE) money.. Otherwise few bad trades could wipe out months of

profits.

So there is no Gold solution for that.. I didn't discover this method,

Maybe Geo will shad some light on that, if there is a way we can

monitor Market condition and say method still a live, other than just continue

trading and waiting till it's not working anymore? EA is great even Perfect!, no question

about that, but it's not based on some MACD or simple MA crossing

Or RSI or something like that, which could potentially work forever.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #5,234
  • Jun 21, 2010 11:16am Jun 21, 2010 11:16am
Quoting SkyzerFX
Nobody can guarantee when this Method will stop working..

Obviously this Method didn't work before 2009. It somewhat start working

from beginning of 2009, which is 18 month already.

Let's say when Market conditions

change, you going to hit Stop loss, will keep trying and hit another,

then another. You will never know, if this just a planned 1 time Loss,

or Entire method stop working, and it could be too late when you figure

out what is really happening.. I think best Idea is to just throw $1k

on it with the MINI account 1.0 LOT = $1 and...
Well, it does use 2 SMA's and Fractals which are indicators!

If you look at the report in my signature that uses 5% risk on a 5k account
using the 2 order version and it has made enough profit to withstand a
losing trade...

How long the strategy will last is in the lap of the Gods but I see no reason
for it to stop as it is basically a trend follower which is always a safe bet!

Make some money from it and if you are scared, buy a dog!
  • #5,235
  • Jun 21, 2010 11:28am Jun 21, 2010 11:28am
SKY. is the glass half full or half empty?
  • #5,236
  • Jun 21, 2010 11:35am Jun 21, 2010 11:35am
Even if you buy a robot for $97.00 on clickbank you only get 60 days to return it.
  • #5,237
  • Jun 21, 2010 11:41am Jun 21, 2010 11:41am
Quoting geoffb65
Well, it does use 2 SMA's and Fractals which are indicators!

If you look at the report in my signature that uses 5% risk on a 5k account
using the 2 order version and it has made enough profit to withstand a
losing trade...

How long the strategy will last is in the lap of the Gods but I see no reason
for it to stop as it is basically a trend follower which is always a safe bet!

Make some money from it and if you are scared, buy a dog!
Thanks Skyz and Geoff for your great comments. You teach me a lot!
I will adjust my MM before running my live account!

Thankssssssssssssssssssssss again!
  • #5,238
  • Jun 21, 2010 11:42am Jun 21, 2010 11:42am
[quote=geoffb65;3817693]Well, it does use 2 SMA's and Fractals which are indicators!

Hi Geo.

I take strategy stress test on with "Monday Gap".
There is no need any explanation - read code - is definitely save strategy.
21.06.2010. audusd 2:30 0.88014 x 3
0.88234 x 1, 088514 x 1, 0.88814.
gbpusd : none
eurusd : none.

Best regards

Mac.
  • #5,239
  • Jun 21, 2010 12:28pm Jun 21, 2010 12:28pm
Quoting SkyzerFX
Idea how to lower that Stop Loss.. It's hard to do on Cable,
as this pair very volatile Risk:Reward too big. When, if strategy
stop working, few wrong trades can wipe out entire account..
No gold line in Forex. Odds to win much less, than in Casino.
Come clean!
You are an imposter!
What have you done with the real SkyzerFX?

You know the one with no fear and no inhibitions, we want the real SkyzerFX back!
  • #5,240
  • Jun 21, 2010 1:13pm Jun 21, 2010 1:13pm
Quoting geoffb65
Come clean!
You are an imposter!
What have you done with the real SkyzerFX?

You know the one with no fear and no inhibitions, we want the real SkyzerFX back!
I'll second that!! Whatever happened to the mouthy so-n-so we have learned to appreciate so much!?!
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