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Simple H1 GBPUSD EA

  • #7,761
  • Aug 3, 2010 6:02pm Aug 3, 2010 6:02pm
---------------------------
Both smas are in consolidation
---------------------------
Sma 10 [2] : 1.59401, Sma 10 [1] : 1.59402
Sma 197 [2] : 1.56024, Sma 197 [1] : 1.56057
trades are expected
---------------------------
OK
---------------------------
  • #7,762
  • Aug 3, 2010 6:11pm Aug 3, 2010 6:11pm
Quoting imalexis
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!
Hi Imalexis,

please have a look at the backtests and you will see that Geoff's default setting are optimized, so they are the best. However, the more experienced and self confident you get the more you might be inclined to change them to your liking. However, and this I tell you with 16 years of FX experience, you will see that long term the human will be beaten by the market if he/she does not adopt technology which is 100% neutral. The best traders I have known are slightly above 50% of all the time right. So it is not an easy business and the money is not easy earned either but it is fun.

so stay with low risk and never do more than 3% of your portfolio on the table. Because when the first s/l gets hit you will ask youself ridiculous questions but latest after the 3rd s/l in succesion you will ask if the ea still works or not....and that is the dangerous time.......because you loose trust....and big parts of your portfolio
so, hopefully that helps you
  • #7,763
  • Aug 3, 2010 6:16pm Aug 3, 2010 6:16pm
cable is stuck!!!!!!!!!!!
... feel better day by day.
  • #7,764
  • Aug 3, 2010 6:17pm Aug 3, 2010 6:17pm
Quoting crazzypip
Hi Geoff,
I have traded this method manualy the past two weeks it has worked very well.

I have been running the ea v16 but as yet had no trades taken.
I am new to mt4,
I dont want to ask a stupid question, but after uploading and adding the ea do I need to change any settings apart from gmt time or is it all automatic, plug in and play?
Please adviise
Thanks
CP
I think it's pretty much automatic. You only need to attach it to the chart and once the smiley face comes up you're good. Make sure live trading under properties is turned on? and the expert advisors box at the top of the platform is green instead of red.
  • #7,765
  • Aug 3, 2010 6:20pm Aug 3, 2010 6:20pm
GMT 23:15 2 longs 1.59437
GMT 23:15 2 longs 1.59439

but nothing so far on my live accounts

Does anyone have some news at this point re opening trades?
  • #7,766
  • Aug 3, 2010 6:22pm Aug 3, 2010 6:22pm
GMT 23:20 2 longs at 1.59438
  • #7,767
  • Aug 3, 2010 6:23pm Aug 3, 2010 6:23pm
Quoting Haishang
GMT 23:15 2 longs 1.59437
GMT 23:15 2 longs 1.59439

but nothing so far on my live accounts

Does anyone have some news at this point re opening trades?
same here. 3 longs @1.59437 alpari demo 23:15 GMT
no trades yet on live!
  • #7,768
  • Aug 3, 2010 6:26pm Aug 3, 2010 6:26pm
still nothing on both demo & live instaforex
Helping Others bring u luck
  • #7,769
  • Aug 3, 2010 6:27pm Aug 3, 2010 6:27pm
Quoting Haishang
The best traders I have known are slightly above 50% of all the time right. So it is not an easy business and the money is not easy earned either but it is fun.
Agree.....

Roman is talking from experience...Most of the fund managers work off a 60/40 win/loss ratio...
The only difference between them and the retail trader is 10% of $20 million against 10% of your balance...

Alpari live....long at 1.59438
  • #7,770
  • Aug 3, 2010 6:27pm Aug 3, 2010 6:27pm
Quoting lolbin7
same here. 3 longs @1.59437 alpari demo 23:15 GMT
no trades yet on live!
Hmm, the SMAs on fxcm vps are not even in agreement.
  • #7,771
  • Aug 3, 2010 6:29pm Aug 3, 2010 6:29pm
Quoting fxrich
Hmm, the SMAs on fxcm vps are not even in agreement.
that is ma 197 and 10 or different ones? Vry interesting as alpari uk live and demo were in consolidation.....as I wrote in previous post here because I think comparing data always brings me some new ideas

Glenn, I did not forget your pm...but old man thinking takes a bit longer these days...we have over 40 degrees here in shanghai since days.....
  • #7,772
  • Aug 3, 2010 6:31pm Aug 3, 2010 6:31pm
FXDD triggered long..live.
  • #7,773
  • Aug 3, 2010 6:33pm Aug 3, 2010 6:33pm
Quoting Haishang
that is ma 197 and 10 or different ones? Vry interesting as alpari uk live and demo were in consolidation.....as I wrote in previous post here because I think comparing data always brings me some new ideas

Glenn, I did not forget your pm...but old man thinking takes a bit longer these days...we have over 40 degrees here in shanghai since days.....
SMA 10 & 197
  • #7,774
  • Aug 3, 2010 6:34pm Aug 3, 2010 6:34pm
Quoting Haishang
Glenn, I did not forget your pm...but old man thinking takes a bit longer these days...we have over 40 degrees here in shanghai since days.....
Thats ok.. Roman

I have been working on it myself.....dont talk about old men, its my birthday next week.....feeling older every day....
  • #7,775
  • Aug 3, 2010 6:35pm Aug 3, 2010 6:35pm
sma(10) is almost flat...ea may not trade with some brokers....
  • #7,776
  • Aug 3, 2010 6:40pm Aug 3, 2010 6:40pm
No trades on GoMarkets. Last time everyone else traded and Go didn't I went manual on the 16th and kinda had a bad night. Think that I will stick with the EA on this one and sit tight.

If it goes in I very well may as well.

Guess I need to start looking at the Fractals and trading on some other pairs to see if I can figure out how to grab a handy couple of pips more per week.

Anyone know why we got moved to the Commercial Forum (beta) as Under Evaluation. Are Pip and Geoff going public. I know I will buy a copy if they do.
  • #7,777
  • Aug 3, 2010 6:41pm Aug 3, 2010 6:41pm
Quoting Taiyakixz
sma(10) is almost flat...ea may not trade with some brokers....

GU is in total stagnancy. No trade today for me.
  • #7,778
  • Aug 3, 2010 6:43pm Aug 3, 2010 6:43pm
Quoting calstock
Thats ok.. Roman

I have been working on it myself.....dont talk about old men, its my birthday next week.....feeling older every day....
c'mon....you get wiser by the day. I cannot remember having talked to or knowing any real rich investor who is not older than myself by a large margin.....it is all about experience in my view...no offence to the young ones here.....
  • #7,779
  • Aug 3, 2010 6:44pm Aug 3, 2010 6:44pm
Until now no Trade on Fxpro live.
Robot Say he need to take some a rest..
  • #7,780
  • Aug 3, 2010 6:46pm Aug 3, 2010 6:46pm
Quoting Haishang
c'mon....you get wiser by the day. I cannot remember having talked to or knowing any real rich investor who is not older than myself by a large margin.....it is all about experience in my view...no offence to the young ones here.....

Are you trying to say Iam old..... 55 not that bad....I still have a few rounds of Golf left in me...
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