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Simple H1 GBPUSD EA

  • #7,501
  • Jul 28, 2010 7:24am Jul 28, 2010 7:24am
ATC, after much worry, closed late in the evening (early morning) with three winners using v16, of +22pips, +25pips and +30pips (my settings). My FXDDD (4 positions?) were closed by FXDD due to lack of funds and margin call, and lost 4X30 pips. Ouch. Needs more capital to trade $1 pips. But ATC a nice winner, again validating the system. 66trader66
  • #7,502
  • Jul 28, 2010 7:33am Jul 28, 2010 7:33am
Sorry I ment 1.5600
The system was good again for first tp 20 pips.
I dident take it.
CP
  • #7,503
  • Jul 28, 2010 7:37am Jul 28, 2010 7:37am
I woke up to 3 winnng trades: +22, +24, +26 FXDD live camV5...on the way to recovery from Black Friday.
  • #7,504
  • Jul 28, 2010 7:47am Jul 28, 2010 7:47am
Quoting jiva34
Here we go, getting close to Europe market openings. Up up and away.

Stops trailing properly today. Maybe it was ping problems yesterday...

Special thanks to Sashasan for the indicator he has so generously coded based on Geoff's strategy using the moving averages and fractals that can used for manual trades. I was able to place 2 successful trades in GBPUSD today based on the indicator. You know I will doing more with it here on out. (Not at the ea's time, other times.)

jiva34, where can one find this indicator of Sashasan's? Would love to try it. Thank you. 66trader66
  • #7,505
  • Jul 28, 2010 7:52am Jul 28, 2010 7:52am
Quoting 66trader66
jiva34, where can one find this indicator of Sashasan's? Would love to try it. Thank you. 66trader66

66, check you PM...I'll send it to you.
  • #7,506
  • Jul 28, 2010 7:57am Jul 28, 2010 7:57am
Quoting lawgirl21
66, check you PM...I'll send it to you.
Sent by email.
  • #7,507
  • Jul 28, 2010 8:23am Jul 28, 2010 8:23am
Quoting CUtiger95
Awesome night guys, I tucked it in as the PIP machine was working.

1.55917 1.56137 - +22
1.55917 1.56026 - +10.9
1.55917 1.56018 - +10.1
1.55729 1.56137 - + 40.8 = Skyzer observation that market falls after Tokyo open sometimes, so I entered a manually trade once it fell and then targeted the first T/P.

Total pips 83.8. Geoff and Skyzer you rock. :-)
Thats an interesting approach - I currently take three trades TP 22,50,80 SL 140

If the system were modified to take the first two targets immediately and enter a buy/sell limit 30-50 pips below/above the entry level then TP @ same as 22 - profitability could be increased for a reduction in risk.

This final trade may not always trigger but could still improve profitability.

Would love to see that factored into the EA.

Javid
  • #7,508
  • Jul 28, 2010 8:36am Jul 28, 2010 8:36am
Quoting lawgirl21
66, check you PM...I'll send it to you.
Hi Lawgirl - any chance of getting the same indicator - or being pointed in the right direction of where to find it

Javid
  • #7,509
  • Jul 28, 2010 8:43am Jul 28, 2010 8:43am
1.55729 1.56137 - + 40.8 = Skyzer observation that market falls after Tokyo open sometimes, so I entered a manually trade once it fell and then targeted the first T/P.

Have you looked back to see how often it retraces
Sounds interesting

but it's funny we are trying to improve a 100% (on alpari at least) on 1 year backtest ea.
This is part of the reason I place .1 lots when my acct balance reflects more of a .04 lot at 3% risk so in effect I'm risking over 30% ouch maybe I should rethink this......
  • #7,510
  • Jul 28, 2010 8:59am Jul 28, 2010 8:59am
Dryclean,

The risk can be heavy - the impact of this should be weighed against the EAs profitable consistency and the likely hood of consecutive losses.

30% risk with Money Mgt will wipe out 50% of your account after 2 consecutive losses.

I just think that if there is a possibility to reduce risk and increase profits for us then that could be good for us.

Javid
  • #7,511
  • Jul 28, 2010 11:48am Jul 28, 2010 11:48am
Quoting dryclean
1.55729 1.56137 - + 40.8 = Skyzer observation that market falls after Tokyo open sometimes, so I entered a manually trade once it fell and then targeted the first T/P.

Have you looked back to see how often it retraces
Sounds interesting

but it's funny we are trying to improve a 100% (on alpari at least) on 1 year backtest ea.
This is part of the reason I place .1 lots when my acct balance reflects more of a .04 lot at 3% risk so in effect I'm risking over 30% ouch maybe I should rethink this......
Is that 30% per order?
  • #7,512
  • Jul 28, 2010 12:28pm Jul 28, 2010 12:28pm
Quoting geoffb65
Is that 30% per order?

NO NO NO I'd get SO real fast blow my whole acct

right now I'm .1 lot x 2 or 3 orders per trade
I started with $733 and now I'm close to $1700 since 07-01

I didn't do all of this with the Tokyo I also do London

It's just $1700*3% risk =$51 / 140 =.04 lots

.04 times tp1 of 22 *.4 and 34 *.4 = about 20 bucks
.1 times the above now I can get a piece of pie with that coffee

but the risk is now $420 instead $51 on 3 orders

I watch it carefully and check other things before letting the ea enter a trade

I'm using the houses money right now (till I lose then it's my money I know)
  • #7,513
  • Jul 28, 2010 1:47pm Jul 28, 2010 1:47pm
Is this a full automatic EA which makes the trades alone?
Or is this a EA were i have to open the trades alone and the EA manages them?

john225 ;-)
  • #7,514
  • Jul 28, 2010 2:05pm Jul 28, 2010 2:05pm
Quoting lawgirl21
Sent by email.
lawgirl21, Thanks so much. I'll get to my email when I get home from work. Ever hear of a Judge James L. Oakes, 2nd Circuit Court of Appeals?
66trader66
  • #7,515
  • Jul 28, 2010 2:10pm Jul 28, 2010 2:10pm
@john225

plz plz plz .... READ the first post !!!!!!!!!!!!! You must read the first POST ... all information you get in post #1 !!!!!!!!!!!!!!!!!!!!!!!!! hmmm
  • #7,516
  • Jul 28, 2010 3:19pm Jul 28, 2010 3:19pm
Quoting 66trader66
lawgirl21, Thanks so much. I'll get to my email when I get home from work. Ever hear of a Judge James L. Oakes, 2nd Circuit Court of Appeals?
66trader66
No I haven't. What's his claim to fame? (Better PM me.)
  • #7,517
  • Jul 28, 2010 5:29pm Jul 28, 2010 5:29pm
Hi All, Someone know What Short key on keyboard for insert vertical or horizontal line on chart ?

Thanks,
  • #7,518
  • Jul 28, 2010 6:01pm Jul 28, 2010 6:01pm
---------------------------
Smas are not in consolidation
---------------------------
Sma 10 [2] : 1.55997, Sma 10 [1] : 1.55991
Sma 197 [2] : 1.53632, Sma 197 [1] : 1.53647
no trades are expected
---------------------------
OK
---------------------------
  • #7,519
  • Jul 28, 2010 6:24pm Jul 28, 2010 6:24pm
No trades on FX Solutions either, 3 thumbs down
  • #7,520
  • Jul 28, 2010 6:25pm Jul 28, 2010 6:25pm
Quoting Jav1900
Hi Lawgirl - any chance of getting the same indicator - or being pointed in the right direction of where to find it

Javid
Check your PM, Javid.
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