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Simple H1 GBPUSD EA

  • #6,001
  • Jun 30, 2010 6:33am Jun 30, 2010 6:33am
Quoting lawgirl21
I am.
then what is the main reason?mind to share yr opinion.
  • #6,002
  • Jun 30, 2010 6:38am Jun 30, 2010 6:38am
Quoting mikok730
then what is the main reason?mind to share yr opinion.
You didn't read my response when you were asking whether you should get out or not yesterday! check out post #5954
  • #6,003
  • Jun 30, 2010 6:44am Jun 30, 2010 6:44am
Quoting lawgirl21
You didn't read my response when you were asking whether you should get out or not yesterday! check out post #5954
sorry my mistake here
  • #6,004
  • Jun 30, 2010 6:47am Jun 30, 2010 6:47am
Quoting fcbrants
Looks like we have support @ 1.4961.

S/L @ 1.4958.

Fingers crossed

Franko
hi franko,your perception seem true
  • #6,005
  • Jun 30, 2010 6:58am Jun 30, 2010 6:58am
I have $500 acct. Applied v14. It will not take .01 lot, error says it requires at least .03 lots. This would be too large a risk it seems. I have MM to false so I don't understand the reading, it it does go away if I change to .03. weird.
  • #6,006
  • Jun 30, 2010 7:03am Jun 30, 2010 7:03am
Just loaded V14 on my live account with .15 lot size. No problem for me.
  • #6,007
  • Jun 30, 2010 7:04am Jun 30, 2010 7:04am
Quoting stifland
I have $500 acct. Applied v14. It will not take .01 lot, error says it requires at least .03 lots. This would be too large a risk it seems. I have MM to false so I don't understand the reading, it it does go away if I change to .03. weird.
Try 1 Order Version Settings!

But if you are talking about 1$ per pip 0.3 regular lot still to large for $500 account

You need mini account like at IBFX.. 1$= 1 lot. You can even play 1 penny with 0.01 lot

still better than Demo.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #6,008
  • Jun 30, 2010 7:04am Jun 30, 2010 7:04am
Is micro and mini set to true??
  • #6,009
  • Jun 30, 2010 7:08am Jun 30, 2010 7:08am
Quoting gerry berard
Is micro and mini set to true??

Yes. True.
and sky, I see what you are saying, but if MM is set to false, how would it read what size is too big or too small? shouldn't i be able to put whatever lot I want?
this broker I can even go half a micro, like .015, but says it needs .03.
  • #6,010
  • Jun 30, 2010 7:08am Jun 30, 2010 7:08am
Quoting SkyzerFX
Try 1 Order Version Settings!

But if you are talking about 1$ per pip 0.3 regular lot still to large for $500 account

You need mini account like at IBFX.. 1$= 1 lot. You can even play 1 penny with 0.01 lot

still better than Demo.
.03
  • #6,011
  • Jun 30, 2010 7:08am Jun 30, 2010 7:08am
Quoting gerry berard
Just loaded V14 on my live account with .15 lot size. No problem for me.
Sure no problems, when no active trades exists
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #6,012
  • Jun 30, 2010 7:10am Jun 30, 2010 7:10am
But SKY. See Stifland's post.
  • #6,013
  • Edited 7:24am Jun 30, 2010 7:14am | Edited 7:24am
Quoting stifland
.03
with 0.03 that's 30 cents you should be fine

$500 Account (here is calculation of your risk):

0.03 lot = $0.30/pip

3 orders v * $0.30 * SL 140 = $126 = 25% risk

2 orders v * $0.30 * SL 140 = $84 = 17% risk

1 order v * $0.30 * SL 120 =$36 = 7% risk

You choose.

To use V3 with 5% risk on $500 account you'll need $0.06 per pip with 140 Stop Loss

0.06 *3 (orders) = 0.18 * 140(SL) = $ 25.20 = 0.05 % RISK for $500 account
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #6,014
  • Jun 30, 2010 7:20am Jun 30, 2010 7:20am
Quoting SkyzerFX
with 0.03 that's 30 cents you should be fine

$500 Account (here is calculation of your risk):

0.03 lot = $0.30/pip

3 orders v * $0.30 * SL 140 = $126 = 25% risk

2 orders v * $0.30 * SL 140 = $84 = 17% risk

1 order v * $0.30 * SL 120 =$36 = 7% risk

You choose.
Yeah, just curious how it's getting that error.
Never done the 1 lot. When does trail kick in on it's way to 80 tp?
Understand the 2 lot method.
Thanks, sky.
  • #6,015
  • Jun 30, 2010 7:25am Jun 30, 2010 7:25am
Quoting geoffb65
V14 has some small changes which will hopefully fix the "order modify too soon"
problems that lead to trailing stops not getting modified.

If you want to see the H1 SMA's on your M5 chart you can use the following:

For H1 10 SMA on M5 use 120 SMA
For H1 16 SMA on M5 use 192 SMA
For H1 197 SMA on M5 use 2364 SMA

The files in post #1 have also been updated.
Thanks Geoff!!
Thanks Piptician!!

Franko
  • #6,016
  • Jun 30, 2010 7:30am Jun 30, 2010 7:30am
I have a mini account with IBFX for my live trades.
  • #6,017
  • Jun 30, 2010 7:49am Jun 30, 2010 7:49am
Cable breaking down, it should stop around 1.4905-15

Economy really sucks world-wide.. NO sign of recovery only growing debt pile..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #6,018
  • Jun 30, 2010 7:49am Jun 30, 2010 7:49am
Quoting mikok730
hi franko,your perception seem true
Not anymore. S/L taken out and it's sill dropping like a rock!
  • #6,019
  • Jun 30, 2010 7:53am Jun 30, 2010 7:53am
Quoting Zr-fx
Not anymore. S/L taken out and it's sill dropping like a rock!
Bugger!
  • #6,020
  • Jun 30, 2010 7:53am Jun 30, 2010 7:53am
Quoting Zr-fx
Not anymore. S/L taken out and it's sill dropping like a rock!
what happened to GBP/USD?never facing this scenario before
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