Simple H1 GBPUSD EA | Page 380 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple 3 order GBPUSD EA 1,047 replies

Experiment with "Simple H1 GBPUSD EA" 4 replies

Simple 5m GBPUSD trade system 10 replies

Attachments: Simple H1 GBPUSD EA
Exit Attachments

Simple H1 GBPUSD EA

  • #7,581
  • Aug 1, 2010 4:09am Aug 1, 2010 4:09am
Quoting dProf
I think Geoff and piptician has done their part, and excellently. Be fair to them. Nobody can predict the future 100%. Not even Geooff. We just have to learn and improvise.
Thank you!
  • #7,582
  • Aug 1, 2010 7:23am Aug 1, 2010 7:23am
What is that indicator on the right side of your chart?


Quoting Emanuele
That's how it looks like, I didn't change anything. I took the EA and put my timezone to GMT+2 all the other values have been kept default.

The backtest I did was very promising too, looked similar to yours.
  • #7,583
  • Aug 1, 2010 8:48am Aug 1, 2010 8:48am
Can't thank you enough for sharing your time and ample talents. This EA is a marvel.
Vincit qui se vincit.
  • #7,584
  • Aug 1, 2010 10:47am Aug 1, 2010 10:47am
Quoting Pippopotamus
Can't thank you enough for sharing your time and ample talents. This EA is a marvel.
  • #7,585
  • Aug 1, 2010 12:13pm Aug 1, 2010 12:13pm
Quoting geoffb65
Ideally, I think this should be made into a new thread, this one is getting too
big for people to follow and you need post #1 in order to post the latest version.

I am not sure how others are using the EA for different opening times, my own
tests were not very promising with the EA as it stands so it would be interesting
to see how they are using it.

The price action arround opening times does seem to follow a "pattern" but,
often it shows a reversal rather than following the trend.

If there are enough people interested it would make a good...
Geoff,
Would you be interested in starting that thread? This whole thing is built around you and I don't think any of us want to lose you. But I know that we all would follow.

s
  • #7,586
  • Aug 1, 2010 12:16pm Aug 1, 2010 12:16pm
Great thread. Got this set-up for monday trading.
Need a Profitable Trading System? --> PM me.
  • #7,587
  • Aug 1, 2010 12:18pm Aug 1, 2010 12:18pm
Quoting sanyhuis
Geoff,
Would you be interested in starting that thread? This whole thing is built around you and I don't think any of us want to lose you. But I know that we all would follow.

s
Thank you S!

I was kind of hoping someone who is using the EA at different times would
start a new thread as I am not really sure just how they are doing it!
  • #7,588
  • Aug 1, 2010 4:27pm Aug 1, 2010 4:27pm
For what its worth...I have tried pre- london news and post London news with the standard Tokyo Ea and a modified one and its very clear that Geoff has this EA set at the best time with the best pair and I would say that any other time or pair will not return the same results as we have seen with this EA so far...

  • #7,589
  • Aug 1, 2010 5:15pm Aug 1, 2010 5:15pm
Quoting dProf
I think Geoff and piptician has done their part, and excellently. Be fair to them. Nobody can predict the future 100%. Not even Geooff. We just have to learn and improvise.
...there it is again...patience.....not my strength in all SWOT analysis done by various previous employers......
  • #7,590
  • Aug 1, 2010 5:26pm Aug 1, 2010 5:26pm
Quoting geoffb65
1) Patience comes with age, as I'm sure you are aware, when I was younger
I had very little patience for anyone and I can still lose my "cool" if my blood
pressure allows!

2) If we had 2 losing days in succession I would stop the EA while I investigated
the reason but I only use price action, I have never understood fundimentals!

When you talk about improving the EA I am not quite sure what you mean,
do you see it as "flawed" or "lacking" in some way?

I have coded hundreds of EA's and tried dozens of commercial EA's but this
one is the...
Geoff,

I think indeed that it is almost impossible to improve your ea by conventional means.

The only way of improvement I can think of is to make it a learning system. Two things come to my mind in this regard:

1) how did external shocks like big bancruptcies change the financial market and what can we learn in order to apply from that (i.e. playing the less leverage game which direct impact was a rising CHF (no more cheap CHF loans for retail customers and home builders in Europe) and rising JPY (same reason)

2) what impact on financial market will have a second dip?

Both lead to the same point: Your ea, as a trend following ea proofed to work great in current circumstances. How does point 1) and 2) change these circumstances and how can we weatherproof the ea in order not to cope only with the current environment but to withhold a stresstest of the future.

In short words: How can we make this ea so resilient that it is not only profitable now but still in 2 years time in a changing environment and the ea is learning it's lesson by itself. Because, from my experience, human mankind (and this is including me) will have to learn it again the tough way via losses......

only my thoughts from a very early Monday morning here where the sun rises first......
  • #7,591
  • Aug 1, 2010 5:32pm Aug 1, 2010 5:32pm
Quoting calstock
For what its worth...I have tried pre- london news and post London news with the standard Tokyo Ea and a modified one and its very clear that Geoff has this EA set at the best time with the best pair and I would say that any other time or pair will not return the same results as we have seen with this EA so far...

I agree 100% with you. I have run numerous and endless tests with different set ups and different entry rules for different start times only to find out that risk/reward in it's very initial form found by Geoff is not to be beaten.

Having run hundreds of tests I think to have proofed at least myself that Geoff's settings are simply the best!

Going further, diversification of risk is always something which I am eager to achieve but not if opportunity costs of diversifications (in form of tying up employed/working capital in a less efficient way) are too high.
  • #7,592
  • Aug 1, 2010 6:02pm Aug 1, 2010 6:02pm
---------------------------
Both smas are in consolidation
---------------------------
Sma 10 [2] : 1.56635, Sma 10 [1] : 1.56732
Sma 197 [2] : 1.54498, Sma 197 [1] : 1.54521
trades are expected
---------------------------
OK
---------------------------
  • #7,593
  • Aug 1, 2010 6:13pm Aug 1, 2010 6:13pm
Quoting Haishang
---------------------------
Both smas are in consolidation
---------------------------
Sma 10 [2] : 1.56635, Sma 10 [1] : 1.56732
Sma 197 [2] : 1.54498, Sma 197 [1] : 1.54521
trades are expected
---------------------------
OK
---------------------------

Just a question for anyone...

Is everyone trading on Sunday night?
  • #7,594
  • Aug 1, 2010 6:16pm Aug 1, 2010 6:16pm
Quoting losingtrades
Just a question for anyone...

Is everyone trading on Sunday night?
11.15 Monday morning here......but to answer your question...yes....
  • #7,595
  • Aug 1, 2010 6:17pm Aug 1, 2010 6:17pm
Quoting losingtrades
Just a question for anyone...

Is everyone trading on Sunday night?

I believe most of us do, because Geoff does. I have had some of my best profits on Sundays...
  • #7,596
  • Aug 1, 2010 6:18pm Aug 1, 2010 6:18pm
Quoting calstock
11.15 Monday morning here......but to answer your question...yes....
Mrng, Mr. early bird!

However, and it goes against the saying, no trades yet on my Alpari.....
  • #7,597
  • Aug 1, 2010 6:18pm Aug 1, 2010 6:18pm
Quoting lawgirl21
I believe most of us do, because Geoff does. I have had some of my best profits on Sundays...

thanks...sounds like I will also
  • #7,598
  • Aug 1, 2010 6:22pm Aug 1, 2010 6:22pm
Quoting Haishang
Mrng, Mr. early bird!

However, and it goes against the saying, no trades yet on my Alpari.....
It means I get to the weekend first.....

No trade's here on Alpari either....looking like it may drop back to the 1.5680-1.5666 area.....
  • #7,599
  • Aug 1, 2010 6:26pm Aug 1, 2010 6:26pm
Quoting calstock
It means I get to the weekend first.....

No trade's here on Alpari either....looking like it may drop back to the 1.5680-1.5666 area.....
Do you know why it spiked earlier? Is it related to Li ka Shing buying EDF UK assets for 6 bn GBP?
  • #7,600
  • Aug 1, 2010 6:29pm Aug 1, 2010 6:29pm
Quoting Haishang
Do you know why it spiked earlier? Is it related to Li ka Shing buying EDF UK assets for 6 bn GBP?

The world of the bank currency trader......miss those days......

you should watch " Billion dollar day " on youtube.....


Alpari live buy....1.57011 and 1.57010
1 trader viewing now