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Simple H1 GBPUSD EA

  • #5,981
  • Jun 30, 2010 3:47am Jun 30, 2010 3:47am
Quoting gerry berard
Losing trades. Now that you have gone live you should think about changing your name. Positive thinking and all. Just my thought. HA HA.

GB...I have asked FF to change my name and they said they cannot. I was a little disappointed. So, it means I keep my name or start over with a new acct.

I am thinking of keeping my name and using it as motivation.
  • #5,982
  • Jun 30, 2010 4:00am Jun 30, 2010 4:00am
anybody still holding yesterday long trade?just now the Revised Business Investment q/q news just release but the trend is going to other direction
  • #5,983
  • Jun 30, 2010 4:16am Jun 30, 2010 4:16am
Quoting lovejoy80
I thought they were both sloping down when I looked last night?

Here is my set file if it helps...should be default apart from money management.

Edit: ok can't attach as doesn't like zipx files. But it's the default settings just using non-default money management. Anyone else confirm whether a trade should have been taken last night?

Lovejoy80,

Remember that it is the 197MA on the 1H chart, which if my MT4 is correct has been going up since 12 June, so no shorts should have been taken by the EA since then.

N.
  • #5,984
  • Jun 30, 2010 4:49am Jun 30, 2010 4:49am
Quoting Nick'em
Lovejoy80,

Remember that it is the 197MA on the 1H chart, which if my MT4 is correct has been going up since 12 June, so no shorts should have been taken by the EA since then.

N.
I haven't studied the method in depth yet but from what I've read I thought it was the slope of the 197 SMA and 10 SMA and the slopes of both of these are down or am I understanding the method wrong?

In anycase there is obviously something wrong somewhere if it is getting triggered on mine and not yours.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 29 KB
  • #5,985
  • Jun 30, 2010 5:12am Jun 30, 2010 5:12am
Today is not a good day.
V9 (as none of the Tokyo versions work for me) open two long and both hit the SL and lost 280.
EU open two short and it went up and hit the SL another loss of 148.

All the earnings for this month is now naturalized.


  • #5,986
  • Jun 30, 2010 5:27am Jun 30, 2010 5:27am
Quoting kvellimalai
Today is not a good day.
V9 (as none of the Tokyo versions work for me) open two long and both hit the SL and lost 280.
EU open two short and it went up and hit the SL another loss of 148.

All the earnings for this month is now naturalized.


I still have 2 longs running, they did not hit the stoploss and the price is now moving up!
  • #5,987
  • Jun 30, 2010 5:39am Jun 30, 2010 5:39am
Quoting lovejoy80
I haven't studied the method in depth yet but from what I've read I thought it was the slope of the 197 SMA and 10 SMA and the slopes of both of these are down or am I understanding the method wrong?

In anycase there is obviously something wrong somewhere if it is getting triggered on mine and not yours.

Lovejoy80,

As far as I can see you are understanding the method correctly, however your longer (red) MA is totally different to mine (Blue line in the chart below). Can you check yours?

N.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd.gif Size: 33 KB
  • #5,988
  • Jun 30, 2010 5:45am Jun 30, 2010 5:45am
Quoting lovejoy80
I haven't studied the method in depth yet but from what I've read I thought it was the slope of the 197 SMA and 10 SMA and the slopes of both of these are down or am I understanding the method wrong?

In anycase there is obviously something wrong somewhere if it is getting triggered on mine and not yours.
Hi Lovejoy.

Nikem beat me to it. He is absolutely right saying that your 197 MA is wrong. I had a similar issue before also with Alpari UK and subsequently found that the chart was missing data from 21 June to 7 May. This obviously messed up the MA. By refreshing the chart it was all ok.

Scroll back in your chart or just refresh to check.

This has happened to me a few times, particularly when I download history.
  • #5,989
  • Jun 30, 2010 6:20am Jun 30, 2010 6:20am
Quoting Zr-fx
Hi Lovejoy.

Nikem beat me to it. He is absolutely right saying that your 197 MA is wrong. I had a similar issue before also with Alpari UK and subsequently found that the chart was missing data from 21 June to 7 May. This obviously messed up the MA. By refreshing the chart it was all ok.

Scroll back in your chart or just refresh to check.

This has happened to me a few times, particularly when I download history.
Yep just noticed the data from that date range is missing, I'd downloaded data last night too so the same error. Deleted the GBP data and reloaded and now looks different...got v.lucky with the trade last night then!
  • #5,990
  • Jun 30, 2010 6:22am Jun 30, 2010 6:22am
Quoting lovejoy80
Yep just noticed the data from that date range is missing, I'd downloaded data last night too so the same error. Deleted the GBP data and reloaded and now looks different...got v.lucky with the trade last night then!
I'm glad someone else has the same problem. I've been banging my head on the wall with this. Had the same problem with another MT4 broker. Spoke to both but they did not know how to help.
  • #5,991
  • Jun 30, 2010 7:06am Jun 30, 2010 7:06am
Hi Geoff I just want to point out that the current preset "Tokyo14set.zip" saves as "attachment.php". It could not be opened because it doesn't use .zip extension.
  • #5,992
  • Jun 30, 2010 7:19am Jun 30, 2010 7:19am
Losing trades. At least you had the right intention. Sorry that your stuck with it but all will be okay I'm sure.
  • #5,993
  • Jun 30, 2010 7:27am Jun 30, 2010 7:27am
Quoting gerry berard
Losing trades. At least you had the right intention. Sorry that your stuck with it but all will be okay I'm sure.


thanks
  • #5,994
  • Jun 30, 2010 7:32am Jun 30, 2010 7:32am
Quoting mikok730
anybody still holding yesterday long trade?just now the Revised Business Investment q/q news just release but the trend is going to other direction
Yep, still holding and hurting... not looking so good with only another 30 pips to SL
  • #5,995
  • Jun 30, 2010 7:34am Jun 30, 2010 7:34am
Anyone can help to explain how come this ADP Non-Farm Employment Change is not a good news to USD but GBP/USD is heading to south?thanks
  • #5,996
  • Jun 30, 2010 7:35am Jun 30, 2010 7:35am
Quoting fcbrants
LT,

Geoff's optimization runs identified the 140 SL as the best SL to allow for the fewest losing trades - it gives the trade room to run.

A smaller stop loss will dramatically increase your losses.

True, actually hitting the SL can be a huge loss, so use proper Money Management to adjust the size of the trade to a loss you can live with, while staying at the 140 Pt. stop loss. Set MM=True, Manual Lot size=False, use the low, medium or high risk settings.

Just remember that the risk % is calculated for Each trade.

So, 10% Risk X 3 Trades...


I am using FXCM uk vps...I cannot place orders less than .10, so I do realize that I could have more potential losses than with a 140 s/l.

I am a short time trader...I like trades out there for only a short time. If I have a trade that has gone against me 40 pips, it is a bad trade and I need to get out anyway...just my 2 pips worth.

otherwise have longer term view of things...so I speak only for me.

there were no trades last night...so what i will prob do is go live with one trade option and increase my s/l and let it run.


thanks for your advice...it is well received.


-jacob
  • #5,997
  • Jun 30, 2010 7:43am Jun 30, 2010 7:43am
Mary. Did you get my explanation?? I thought YOU were busting my chops. HA HA. Sorry
  • #5,998
  • Jun 30, 2010 7:49am Jun 30, 2010 7:49am
Quoting losingtrades
GB...I have asked FF to change my name and they said they cannot. I was a little disappointed. So, it means I keep my name or start over with a new acct.

I am thinking of keeping my name and using it as motivation.
Jacob,
It would also be good to change it and call yourself winning trades. Is that possible? Then we would all know who you are and nothing would change. We would all look forward to winning trades rather than loosing trades! Makes sense to me!....But then, it's your name. Whatever you're happy with is all right with us.
  • #5,999
  • Jun 30, 2010 8:24am Jun 30, 2010 8:24am
Looks like we have support @ 1.4961.

S/L @ 1.4958.

Fingers crossed

Franko
  • #6,000
  • Jun 30, 2010 8:31am Jun 30, 2010 8:31am
Quoting mikok730
anybody still holding yesterday long trade?just now the Revised Business Investment q/q news just release but the trend is going to other direction
I am.
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