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Simple H1 GBPUSD EA

  • #7,361
  • Jul 23, 2010 6:53am Jul 23, 2010 6:53am
Quoting Taiyakixz
v12, 2 order set file
1st long @ 1.52710, close @ 1.52930, +22pips
2nd long @ 1.52710, close @ 1.52711, +0.1pips
Alpari UK/live

Exactly the same here but with V16.
  • #7,362
  • Jul 23, 2010 7:24am Jul 23, 2010 7:24am
so not that bad end of a week - have a great weekend all and hope to see you all next week same place same time
  • #7,363
  • Jul 23, 2010 9:13am Jul 23, 2010 9:13am
Here is a summary starting July 1st

I use Alpari US $733.00 and FXDD Live $750.00

I had 1500 in my FXDD and move 1/2 to Alpari, along the way I was hit with a vig of $17 that is why the totals are different


I've used a combo of 2 trades and 3 trades .1 lots
sorry for not being consistent
but I think this shows the picture

The NY sessions I use a .01 lot

Alpari is definitely the broker of choice for this ea and system

The London session shows great promise

NY back to the drawing board

over $1000 profit off of $1483 in 3 weeks almost 68%

87% wins 65 wins 74 trades

My advice switch to Alpari ASAP
Attached File(s)
File Type: zip Book3.zip   12 KB | 496 downloads
  • #7,364
  • Jul 23, 2010 12:17pm Jul 23, 2010 12:17pm
I take it this is using Geoff's EA? I'm in the middle of transferring my account from IBFX to Forex.com (Gain Capital). I thought they would be as good as Alpari US, but maybe not?? US residents can't have an account with Alpari UK. But your results with Alpari US are impressive. Maybe I'll stop the application to Forex.com.
  • #7,365
  • Jul 23, 2010 12:29pm Jul 23, 2010 12:29pm
Hello,

You might want to think about using gain capital.
Take a look at this thread http://www.forexfactory.com/showthread.php?p=3872969 about this bucket shop broker and you may not like it.

Regards,
Jeff

Quoting mary4x
I take it this is using Geoff's EA? I'm in the middle of transferring my account from IBFX to Forex.com (Gain Capital). I thought they would be as good as Alpari US, but maybe not?? US residents can't have an account with Alpari UK. But your results with Alpari US are impressive. Maybe I'll stop the application to Forex.com.
  • #7,366
  • Jul 23, 2010 12:52pm Jul 23, 2010 12:52pm
Quoting mary4x
I take it this is using Geoff's EA? I'm in the middle of transferring my account from IBFX to Forex.com (Gain Capital). I thought they would be as good as Alpari US, but maybe not?? US residents can't have an account with Alpari UK. But your results with Alpari US are impressive. Maybe I'll stop the application to Forex.com.
Mary,
I used their demo and thought about it and went with AlpariUK. Nothing is perfect but this was built with Alpari.
  • #7,367
  • Jul 23, 2010 12:53pm Jul 23, 2010 12:53pm
Quoting dryclean
Here is a summary starting July 1st

I use Alpari US $733.00 and FXDD Live $750.00

I had 1500 in my FXDD and move 1/2 to Alpari, along the way I was hit with a vig of $17 that is why the totals are different


I've used a combo of 2 trades and 3 trades .1 lots
sorry for not being consistent
but I think this shows the picture

The NY sessions I use a .01 lot

Alpari is definitely the broker of choice for this ea and system

The London session shows great promise

NY back to the drawing board

over $1000 profit off of $1483 in 3 weeks...
Dryclean,
Good show! Thanks again.
s
  • #7,368
  • Jul 23, 2010 3:38pm Jul 23, 2010 3:38pm
"...I used [Forex.com] demo and thought about it and went with AlpariUK. Nothing is perfect but this was built with Alpari." --Sanyhuis

Thanks for the info. I'm quite sure Alpari UK would be better than Forex.com, but I was wondering about Alpari US, since Alpari UK doesn't accept U.S. citizens. The two Alpari's are not the same. If anyone has experience using Geoff's EA on Alpari US I'd appreciate hearing from you.
  • #7,369
  • Jul 24, 2010 8:01am Jul 24, 2010 8:01am
Quoting dryclean
Here is a summary starting July 1st
Please explain how do you use this Tokyo EA in London time?

Switching GMT_Offset? Or modifying Start_Time? Or using manual

version?

Also how can you use 0.1 LOT in $750 Equity Account?

1$ *3 *140 = $420 Risk, that's more than half of that account.

P.S.

Alpari US sucks: http://www.forexpeacearmy.com/public....Alpari-US.com

And Alpari UK doesn't accept US based customers.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #7,370
  • Jul 24, 2010 8:19am Jul 24, 2010 8:19am
5:00 start time GMT
tp1 25
tp2 30
tp3 60
sl 140
ts 18

Sky I knew you would comment on the high risk I was taking lol
I should be doing .04 .03 range lots

I'd be interested in how you do it. I do agree I could lose 420 pips to make mabe over 100 maybe 1 trade with a tp 80

at first I was 1 position then 2 sometimes 3 when I feel the market is trending I also change around lot size but basically I watch very carefully and really only had 1 losing session other the the NY's which I might abandon a couple loses I jumped ship but the pair came back with out getting stopped out.

I like Alpari it preforms with this EA. as for FXDD they have really had some weird things going on the last few months Remember back in May I think there was that 700 pip spike I had no open orders but who needs that( unless you were on the right side)

I use to play craps this is easier and more fun
  • #7,371
  • Edited 8:46am Jul 24, 2010 8:33am | Edited 8:46am
Quoting dryclean
5:00 start time GMT
tp1 25
tp2 30
tp3 60
sl 140
ts 18

Sky I knew you would comment on the high risk I was taking lol
I should be doing .04 .03 range lots

I'd be interested in how you do it. I do agree I could lose 420 pips to make mabe over 100 maybe 1 trade with a tp 80
So basically you trading manually as you taking 1 trade at the time,
right?
If you run backtest you going to see that settings

tp1 25
tp2 30
tp3 60

Will produce less return compare to something like

tp1 25
tp2 30
tp3 35

In the long run.

Me personally I already switch this EA Off and trading/testing
manual sasha version. I feel that Tokyo produce different result
compare to backtest. Buying Tops and Selling bottoms, you going
to be wiped out quite few times a year.. IMHO.

Problem is every time cable rising during the US session in many
times it settles down during Japan, Idea is to trail it down and buy
low and not grab it at the pick and watch how 3 trades tanking.
This happens more often then I thought. Maybe other don't care to
dive 50-70 pips on 3 Orders and then beg for rebound, but I don't like it.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #7,372
  • Jul 24, 2010 10:43am Jul 24, 2010 10:43am
I've tried both of Geoff EAs with different results.

The Simple H1 GU has performed like Geoff said in 1st post. Over two weeks, I've made 140 pips. If i can average that long-term, I'll be very happy. Then all I have to do if a find a couple other EAs that give generally the same results which I am still searching FF for.

As far as Tokyo, results have been mixed with some winners and losers resulting in a loss for the moment. I'll keep playing with it but right now it is not on my list as a keeper.

BTW, I'm running both on full automatic with the defaults since I don't have much time with regular day job to test. I do appreciate everyone's thoughts as I read the thread to see what I can try to optimize each EA which I will be trying in the future.

Thanks Geoff...Rando
  • #7,373
  • Jul 24, 2010 12:16pm Jul 24, 2010 12:16pm
[quote=dryclean;3896512]5:00 start time GMT
tp1 25
tp2 30
tp3 60
sl 140
ts 18

Hello Dryclean - Can you help by posting your setting file foe London Session - Thanks in advance
  • #7,374
  • Jul 24, 2010 1:42pm Jul 24, 2010 1:42pm
Quoting Randolermo
I'm running both on full automatic with the defaults since I don't have much time with regular day job to test.
No free lunch on Forex, No EA will make you money long run,

learn how to trade or lose your investment.. You cannot just work

at coffee shop and let EA run.. This is fairytale.. 95% people lose money,

and everyone things that they are belong to the other 5% with 5 days

Forex experience and few EA's.. Good Luck.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #7,375
  • Jul 24, 2010 3:01pm Jul 24, 2010 3:01pm
Are you agree that EA (V16/2) on M15 time frame is better than on H1 ?
My backtests show that...
  • #7,376
  • Jul 24, 2010 5:02pm Jul 24, 2010 5:02pm
IBFX Live
Watch out my trade opened with 10X the pips I asked for.
I got a trade and made a lot of money on the 22nd at 1.52697.
Now that it is a five digit broker.
I had my ECN set to true.
Here is what happened i believe happened.
It some how traded ten times what it should have traded because of the five digits now, i guess.
My last trade size was for 2.38
Added $22 after that which could have brought the next trade to around 2.46 for the next trade, I'm not sure, but.
Then this last trade, trades 24.65 pips WOW.
That is about ten times what the last trade was.
My stetting are ECN=true,
Money management=true
Medium risk=true (low, high and veryhigh are set to false)
Manual lot size=false
GMT offset=0
Only thing is changed since the last trade was the ECN to true.
Luckly it didn't go down after trade opened or I might have gotten called on the trade if my equity fell to low.
But i got lucky and made $ 825 on the one trade.
I could have made a lot more if it stayed in the trade longer, but then again I could have lost it all, yikes.
Did anyone else have the same thing happen to them or know why this happened.
I was using Tokyo V14 , but on my demo I am using V16.
I am changing my live account to V16 and see what happens next.
The $ 825 was a nice surprise since I was away all week river rafting and camping with no internet access until now.
Thankyou for your help and happy trading to all of you.
  • #7,377
  • Jul 24, 2010 6:15pm Jul 24, 2010 6:15pm
Quoting SkyzerFX
No free lunch on Forex, No EA will make you money long run,

learn how to trade or lose your investment.. You cannot just work

at coffee shop and let EA run.. This is fairytale.. 95% people lose money,

and everyone things that they are belong to the other 5% with 5 days

Forex experience and few EA's.. Good Luck.
Skyzer,

I tried some EAs and written some of my own with no long term success. I've basically given up on them based on my experience, but reading this FF thread has drawn me back to check to see if there are some EAs that provide a small consistent return.

Yeah, it is no free lunch. I've been doing this for 3 years part-time (that's my problem) and know manual trading is the way to get out of the 95% permanently although I still go astray from time to time.

I'll keep reporting my progress if any.

Rando
  • #7,378
  • Jul 24, 2010 7:25pm Jul 24, 2010 7:25pm
Quoting dryclean
Looks like it hit around 6:40 and carried on way past 1.5400
nice call

Next one 1.5480 1.5500 Give me the time Cal
It hit 1.5306 at 6.30 and then fell back before the bounce took up again, so that was close enough....I dont trade Fridays London session...

looking forward to Monday..
  • #7,379
  • Edited 3:07am Jul 25, 2010 2:55am | Edited 3:07am
Quoting kauaibobby
IBFX Live
Watch out my trade opened with 10X the pips I asked for.
I got a trade and made a lot of money on the 22nd at 1.52697.
Now that it is a five digit broker.
I had my ECN set to true.
Here is what happened i believe happened.
It some how traded ten times what it should have traded because of the five digits now, i guess.
My last trade size was for 2.38
It looks like you need to divide your lotsize by 10 now they are 5 digit!

Piptician is on holiday so he won't be able to make any changes, you will have to
go to manual lot size true and change it yourself!
  • #7,380
  • Jul 25, 2010 3:32am Jul 25, 2010 3:32am
Im sorry for this newbie question but despite this EA build for H1 timeframe, why the backtest with M15 gives better results (less SL touched) ??
Maybe the backtest gives some false results and in live conditions the H1 is better ??
(ALPARI used)

Quoting floflo
Are you agree that EA (V16/2) on M15 time frame is better than on H1 ?
My backtests show that...
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