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Simple H1 GBPUSD EA

  • #7,721
  • Aug 3, 2010 3:13am Aug 3, 2010 3:13am
This EA has worked so Well.
I have run it live now for four months, I may have been lucky not to have a single loser in all this time as I do check the Daily and weekly trend for direction, but my involvement in time is so little and that makes this a Gem. my account growth is 4% 1 percent per month. I am now risking 3% of equity on trades.
Geoff again thanks and well done.
  • #7,722
  • Aug 3, 2010 3:19am Aug 3, 2010 3:19am
Quoting geoffb65
Piptician assures me that the trading algorithm has not been changed in any
way and I can believe him because the results would be vastly different with
just the slightest change in the coding.

I have seen posts regarding VPS where it was stated that one should choose
a VPS in the same time-zone as your broker because of "latency", which I
assume is the difference in timing.

If this is true of a VPS then it must be true when you use a PC in a different
time zone, your data feed in China will be different to mine in the UK.

Other than this,...
Haishang I had similar issues, I trade with IBFX and the three things that stood out for me in v16 not working were modifying the magic number and the comment and turning ECN to true.
V16 now works fine on Demo and live.
  • #7,723
  • Aug 3, 2010 3:22am Aug 3, 2010 3:22am
No trade on Smart Live spreadbetters Live acc
No trade on Alpari Demo

Dang!
  • #7,724
  • Aug 3, 2010 3:58am Aug 3, 2010 3:58am
3 longs @ 1.58911 and 1.589116
TP1 +22 @06:35 GMT
TP2 +50 @07:37 GMT
TP3 +19 @08:56 GMT

I wasn't stopped out at TP2 @1.5910ish because my computer was off so S/L didn't modify! There was a city wide power outage for the last 2 hours! I couldn't believe it, I was so worried about the trade and no cyber cafe around my house had power :S But it turned out to be a blessing in disguise because TPs hit! Want to say thank you to Geoff and everyone else for this EA
Attached Image
  • #7,725
  • Aug 3, 2010 4:17am Aug 3, 2010 4:17am
Quoting Haishang
I would go with a maximum S/L of 3% of your equity. For a 2 leg strategy that would end up being 37 USD, means per leg 13.5 usd....
on a s/l of 140 pips that would make roughly 0.10 usd per pips or 0.01 lots in GBP.

It seems to be very low but you want to stay in the game for longer than 2 weeks I guess and hence you should expect to make 100% gain per year but stay reasonable.

Hope it helps....
thanks haishang!
I run the demo at $1000 200:1 for less than 1 week at Alpari Demo..gain is >10%. I have the default setting(high risk) and only changed TP 22,28,36..
The result is impressive without loss..

I shouldn't expect the same with Alpari Live right? I saw some of them use Micro lot with live account.

If you can share your experience, appreciate it!
  • #7,726
  • Aug 3, 2010 4:43am Aug 3, 2010 4:43am
Quoting lolbin7
3 longs @ 1.58911 and 1.589116
TP1 +22 @06:35 GMT
TP2 +50 @07:37 GMT
TP3 +19 @08:56 GMT

I wasn't stopped out at TP2 @1.5910ish because my computer was off so S/L didn't modify! There was a city wide power outage for the last 2 hours! I couldn't believe it, I was so worried about the trade and no cyber cafe around my house had power :S But it turned out to be a blessing in disguise because TPs hit! Want to say thank you to Geoff and everyone else for this EA
If you subscribe to a vps power outages will not be an issue...
  • #7,727
  • Aug 3, 2010 5:14am Aug 3, 2010 5:14am
Quoting jiva34
If you subscribe to a vps power outages will not be an issue...
thanks jiva I'll look into it!
  • #7,728
  • Aug 3, 2010 5:18am Aug 3, 2010 5:18am
Quoting Jav1900
No trade on Smart Live spreadbetters Live acc
No trade on Alpari Demo

Dang!
When you use Smart Live spread betting do you just use the EA in the same
way as it is used on Alpari?

I am interested because of the tax free status of spread betting in the UK.
  • #7,729
  • Aug 3, 2010 5:37am Aug 3, 2010 5:37am
Hi Geoff

Can you tell me, what's the better TF? M15 or H1?

Regards,
Mr. Juliusss
  • #7,730
  • Aug 3, 2010 5:53am Aug 3, 2010 5:53am
Quoting yurijap
Hi Geoff

Can you tell me, what's the better TF? M15 or H1?

Regards,
Mr. Juliusss
The EA uses moving average data from the H1 chart and fractal data from
the M5 and M15 charts, so it does not matter to the EA which time frame
you are watching.

The M5 chart shows the various indicators, thumbs up/down, for the moving
averages and fractals so is interesting to watch, if you are awake at that time.

I am asleep when the trade occurs so I leave my H1 chart on the platform.
  • #7,731
  • Aug 3, 2010 6:05am Aug 3, 2010 6:05am
Hi Geoff,

Thanks for the reply. On which timeframe do we backtest or this doesn't matter also ?
  • #7,732
  • Aug 3, 2010 6:14am Aug 3, 2010 6:14am
Thanks Geoff.
  • #7,733
  • Aug 3, 2010 6:16am Aug 3, 2010 6:16am
Quoting scitech
Hi Geoff,

Thanks for the reply. On which timeframe do we backtest or this doesn't matter also ?
Back testing should be faster using the H1 time frame as it is not generating
the indicators on that time frame.
  • #7,734
  • Aug 3, 2010 6:37am Aug 3, 2010 6:37am
Geoff the master of MT

Which Risk are you using ? Low,med,high? And which template ?

From backtesting template 3 is more profitable
  • #7,735
  • Aug 3, 2010 6:45am Aug 3, 2010 6:45am
Quoting scitech
Geoff the master of MT

Which Risk are you using ? Low,med,high? And which template ?

From backtesting template 3 is more profitable
Setting #3 is probably the best overall but it is too risky for my own risk
tollerance so I use the #2 order system.

I have a number of accounts some at 0.1 fixed lots and others at 1% risk per order,
anything greater than 1% is dangerous IMO!

The demo account in my signature is 5% per order, just to see how it performs
but I would never use that on a live account.
  • #7,736
  • Aug 3, 2010 6:49am Aug 3, 2010 6:49am
Wow that would really make it slow grow with 1%
  • #7,737
  • Aug 3, 2010 6:56am Aug 3, 2010 6:56am
Quoting scitech
Wow that would really make it slow grow with 1%
True, but safe!

If you want to survive in forex, safety is paramount!

Also I use other EA's during London and NY sessions with a similar performance.
  • #7,738
  • Aug 3, 2010 7:04am Aug 3, 2010 7:04am
very nice system
  • #7,739
  • Aug 3, 2010 7:31am Aug 3, 2010 7:31am
Quoting geoffb65
True, but safe!

If you want to survive in forex, safety is paramount!

Also I use other EA's during London and NY sessions with a similar performance.
other EA looks very interesting uncle, currious to know that..
  • #7,740
  • Aug 3, 2010 8:17am Aug 3, 2010 8:17am
Quoting tangianto
other EA looks very interesting uncle, currious to know that..
You are not the only one with that curiosity
福 子 Victor V
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