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Simple H1 GBPUSD EA

  • #7,181
  • Jul 18, 2010 5:23pm Jul 18, 2010 5:23pm
Hi,

I have MBT (ecn) broker account and facing one of my worst DDs ever and could be losing my shirt. Can someone help me with the GMT offset setting and "start time" setting for my broker MB Trading? I'll really appreciate it.

thx

PS: i have camcvcvoo v.5 and Tokyo_GBPUSD v.16
  • #7,182
  • Jul 18, 2010 5:27pm Jul 18, 2010 5:27pm
Quoting GoodBoy
Hi,

I have MBT (ecn) broker account and facing one of my worst DDs ever and could be losing my shirt. Can someone help me with the GMT offset setting and "start time" setting for my broker MB Trading? I'll really appreciate it.

thx

PS: i have camcvcvoo v.5 and Tokyo_GBPUSD v.16
Offset for MBTrading is -4 start time is always 23...

(I use an MBT account these settings work.)

p.s. I don't use the camcvcvoo , I use the V .9 and V .16 with 2 order trades and have not had a losing trade in the several weeks I have had the ea running.. It does not always trade each day but it is not suppose to. You might post your settings , maybe you have something incorrectly set.
  • #7,183
  • Jul 18, 2010 5:35pm Jul 18, 2010 5:35pm
Quoting tommyd
Offset for MBTrading is -4 start time is always 23...

(I use an MBT account these settings work.)

p.s. I don't use the camcvcvoo , I use the V .9 and V .16 with 2 order trades and have not had a losing trade in the several weeks I have had the ea running.. It does not always trade each day but it is not suppose to. You might post your settings , maybe you have something incorrectly set.
well, v9 on alpari uk live had a loss Friday..so pls don't generalize
  • #7,184
  • Edited 5:51pm Jul 18, 2010 5:40pm | Edited 5:51pm
i am not lose friday on alpary live v16.... my order is not started ... i am very lucky
  • #7,185
  • Jul 18, 2010 5:45pm Jul 18, 2010 5:45pm
Quoting Haishang
well, v9 on alpari uk live had a loss Friday..so pls don't generalize
No trade's here Friday on Alpari uk live V 12 or Alpari demo V 16...

How come you had a trade Roman?
  • #7,186
  • Jul 18, 2010 5:52pm Jul 18, 2010 5:52pm
Quoting calstock
No trade's here Friday on Alpari uk live V 12 or Alpari demo V 16...

How come you had a trade Roman?
the mas were in consolidation and the fractals worked out, so it took a trade. It could not close first t/p in asian trade and i saw well that in euopean trade eurgbp moved up through the barrier but thought first to let the ea run and secondly perhaps that a major push through the 1.3000 by eurusd would help cable to move into positive territory. But EUR?GBP just shot off and there we go with the rest of the story.

But am amazed that many people seem not to have traded here.....
  • #7,187
  • Jul 18, 2010 5:54pm Jul 18, 2010 5:54pm
but that's done and dust and this week is another start...no trades today i assume....
  • #7,188
  • Jul 18, 2010 5:57pm Jul 18, 2010 5:57pm
Quoting tommyd
Offset for MBTrading is -4 start time is always 23...

(I use an MBT account these settings work.)

p.s. I don't use the camcvcvoo , I use the V .9 and V .16 with 2 order trades and have not had a losing trade in the several weeks I have had the ea running.. It does not always trade each day but it is not suppose to. You might post your settings , maybe you have something incorrectly set.
hey thx for responding.. for tokyo_gbpusd v.16 i just changed gmt offset and entered "-4" and kept it to 23 start time... it seems to be taking trades on backtest thx a lot.

is taking 2 orders more safer than 3? because right now i am in need of a lil safer approach. How do i set it to take 2 orders and not 3? do i simply put 0 on 3rd tp parameter? or what... thx much appreciated.
  • #7,189
  • Jul 18, 2010 6:01pm Jul 18, 2010 6:01pm
---------------------------
Smas are not in consolidation
---------------------------
Sma 10 [2] : 1.53239, Sma 10 [1] : 1.53166
Sma 197 [2] : 1.51852, Sma 197 [1] : 1.51858
no trades are expected
---------------------------
OK
---------------------------
  • #7,190
  • Edited 6:26pm Jul 18, 2010 6:01pm | Edited 6:26pm
Quoting Haishang
well, v9 on alpari uk live had a loss Friday..so pls don't generalize
both ema.s were up prior to Tokyo open however must not have had correct fractals..

No Trade.

Of course I know different brokers have different results...

Piptician was posting a few days ago about looking into a "smarter" way to obtain the fractal info, I think his line of thought is something to follow up on.
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  • #7,191
  • Jul 18, 2010 6:04pm Jul 18, 2010 6:04pm
Quoting Haishang
But am amazed that many people seem not to have traded here.....
I agree, I understand the different brokers but I would have thought the same broker would have the same trade's...

Or maybe because Iam on the other side of the world it took that little longer to get to me and that made the difference....

It looks like theres going to be no trade today, so tomorrow's another day...sadly its raining here so no Golf either....its a really bad Monday..
  • #7,192
  • Jul 18, 2010 6:06pm Jul 18, 2010 6:06pm
Quoting tommyd
looking at my H1 chart there is no way for the ea to have taken a trade last Friday.(Thursday evening for me)

10 period ema (purple) is down
197 period ema (pale green line below price) is up.

No Trade.

Of course I know different brokers have different results...

Piptician was posting a few days ago about looking into a "smarter" way to obtain the fractal info, I think his line of thought is something to follow up on.
with my data, the GMT 2100 and GMT 2200 10 and 197 smas were in clear consolidation and that is the only time I look into them for a start of trading at GMT 00:00...and in my view the consolidation was so clear that there could not have been any broker difference, that is alpari uk live
  • #7,193
  • Jul 18, 2010 6:09pm Jul 18, 2010 6:09pm
No trade IBFX v16/3 demo/live. SMAs not in consolidation.
  • #7,194
  • Jul 18, 2010 6:10pm Jul 18, 2010 6:10pm
---------------------------
Both smas are in consolidation
---------------------------
Sma 10 [2] : 1.53989, Sma 10 [1] : 1.54054
Sma 197 [2] : 1.51591, Sma 197 [1] : 1.51606
trades are expected
---------------------------
OK
---------------------------[/quote]

that were my data Friday morning, just to recap.....
  • #7,195
  • Jul 18, 2010 6:14pm Jul 18, 2010 6:14pm
Quoting GoodBoy
hey thx for responding.. for tokyo_gbpusd v.16 i just changed gmt offset and entered "-4" and kept it to 23 start time... it seems to be taking trades on backtest thx a lot.

is taking 2 orders more safer than 3? because right now i am in need of a lil safer approach. How do i set it to take 2 orders and not 3? do i simply put 0 on 3rd tp parameter? or what... thx much appreciated.
Yes exactly, just enter 0 in the 3rd tp...

Well it will reduce your exposure in the case of a losing trade and less drawdown. only 2 x 140 instead of 3 x 140.
  • #7,196
  • Jul 18, 2010 6:21pm Jul 18, 2010 6:21pm
Quoting Haishang
with my data, the GMT 2100 and GMT 2200 10 and 197 smas were in clear consolidation and that is the only time I look into them for a start of trading at GMT 00:00...and in my view the consolidation was so clear that there could not have been any broker difference, that is alpari uk live
humm.. My chart is a "Live" (not demo) MBT chart...

wait... sorry, I was looking in the wrong place, my apologies...

actually now that I am focusing on the right time I would agree that the MA's were indeed in consolidation. I must not have had the factals required for the trade ...

Price was coming down but the ma's were both heading up...
But still no trade was placed on MBT....
  • #7,197
  • Jul 18, 2010 6:49pm Jul 18, 2010 6:49pm
Thanks to rubbish MM by myself - a HUGE loss.
greed'll get me!

Quoting Haishang
well, v9 on alpari uk live had a loss Friday..so pls don't generalize
  • #7,198
  • Jul 18, 2010 7:13pm Jul 18, 2010 7:13pm
Well my fractals never formed so I jumped in on everybody else's purchases. Saw it run up to 18 pips positive and then someone stuck a needle in my ballon and I bled slowly to the S/L level.

Last time that I will do that one. On the GBP/JPY maybe I will still manually trade but I am sticking with the EA from hence forward, it seems to be smarter and less greedy than I am.
  • #7,199
  • Jul 19, 2010 1:20am Jul 19, 2010 1:20am
Quoting GoodBoy
hey thx for responding.. for tokyo_gbpusd v.16 i just changed gmt offset and entered "-4" and kept it to 23 start time... it seems to be taking trades on backtest thx a lot.

is taking 2 orders more safer than 3? because right now i am in need of a lil safer approach. How do i set it to take 2 orders and not 3? do i simply put 0 on 3rd tp parameter? or what... thx much appreciated.
Use the 2 order preset if you want only 2 orders. When you downloaded the EA, there were also a set of presets to download. You can do 1 order, 2 orders, or 3 orders. Use #1 or #2 for less risk. #2 is the best chance for profit.

s
  • #7,200
  • Jul 19, 2010 4:46am Jul 19, 2010 4:46am
Quoting tommyd
humm.. My chart is a "Live" (not demo) MBT chart...

wait... sorry, I was looking in the wrong place, my apologies...

actually now that I am focusing on the right time I would agree that the MA's were indeed in consolidation. I must not have had the factals required for the trade ...

Price was coming down but the ma's were both heading up...
But still no trade was placed on MBT....
Hi Tommyd and everyone else,

with recent divergence in trading patterns with everyone following the same algorithm (wether it be version 9 or 12 or 16...everything basically follows the original algo only with slight operational/cosmetic changes , let's be honest) we have to concentrate on the following:

Systematic risk is properly dealt with, i.e. the ea and it's logic are ok (let's forget cosmetic changes)

Unsystematic risk is a huge problem. If i say unsystemtic risk I mean the differences between brokers in the same market which cause some people to enter a trade and some not. This is always happening on the fractals. The 197 and 10 sma is an easy math to calculate but the fractals seem to be really tricky!

Do you agree?
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