Simple H1 GBPUSD EA | Page 398 | 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

  • #7,941
  • Aug 8, 2010 8:36am Aug 8, 2010 8:36am
Sorry but I have Ben following u and all my back test was like you said very good I just try it on my Demo on my server and for some Reson I am getting very different results I don't know y??? I am trying it on my vps on alpari uk demo! Please can u help Many thanks
  • #7,942
  • Aug 8, 2010 8:48am Aug 8, 2010 8:48am
Quoting josh11
Sorry but I have Ben following u and all my back test was like you said very good I just try it on my Demo on my server and for some Reson I am getting very different results I don't know y??? I am trying it on my vps on alpari uk demo! Please can u help Many thanks
If you are doing these test at the weekend the results will be very bad
because, when the market is closed the brokers spread is very high.

Right now the Alpari spread is 27 pips!
  • #7,943
  • Aug 8, 2010 8:57am Aug 8, 2010 8:57am
Quoting geoffb65
I had a look at the FXDD website and the GMT offset for FXDD Malta is +3 can
I assume that you are with FXDD Malta as otherwise the server will be based
in New York which will be something like -4 GMT offset.
You might be right, just want to be 100% sure. Here are the backtesting with -4 GMT. Do results look more like supposed to look? Also to confirm the GMT time offset I have a screen shot of my chart where it shows time for all sesions please check the picture. Here where I live is US eastern time, so I have NY time, broker time however is diferent.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: geoff_tokyo-gmt-4.gif Size: 8 KB
Click to Enlarge Name: g-u today1.gif Size: 59 KB
Attached File(s)
File Type: zip geoff_tokyo_4gmt.zip   20 KB | 416 downloads
  • #7,944
  • Aug 8, 2010 8:59am Aug 8, 2010 8:59am
Really??? So if I am using the strategy test now I will have different results then if I do on a week day!!! I must thank u very much for this system I think it's wonderful... Sorry if I am askin silly Q I am pretty new to metatrader!!! many thanks again
  • #7,945
  • Aug 8, 2010 9:09am Aug 8, 2010 9:09am
Quoting iulli
You might be right, just want to be 100% sure. Here are the backtesting with -4 GMT. Do results look more like supposed to look? Also to confirm the GMT time offset I have a screen shot of my chart where it shows time for all sesions please check the picture. Here where I live is US eastern time, so I have NY time, broker time however is diferent.
That is looking much better, I can't quite read the times on the chart but
I would also add that testing today when the market is closed may be part
of the problem as the spread will be higher than normal.
  • #7,946
  • Aug 8, 2010 9:10am Aug 8, 2010 9:10am
Quoting josh11
Really??? So if I am using the strategy test now I will have different results then if I do on a week day!!! I must thank u very much for this system I think it's wonderful... Sorry if I am askin silly Q I am pretty new to metatrader!!! many thanks again
No problemo!
  • #7,947
  • Aug 8, 2010 9:14am Aug 8, 2010 9:14am
Quoting iulli
You might be right, just want to be 100% sure. Here are the backtesting with -4 GMT. Do results look more like supposed to look? Also to confirm the GMT time offset I have a screen shot of my chart where it shows time for all sesions please check the picture. Here where I live is US eastern time, so I have NY time, broker time however is diferent.
OK make a note of your broker time when the market is open then look on
Google for "gmt time", the first entry there will show you the GMT time, ignore
the minutes and seconds and this will give you the broker GMT offset.
  • #7,948
  • Aug 8, 2010 9:15am Aug 8, 2010 9:15am
Okay time for dumb questions.
If I am using FXDD Malta and they are a fixed spread broker then weekend or not should it matter to be concerned about spread?
If I download data from the history which comes from Metaquotes how does that affect things as far as the weekend spread issue?
Thanks in advance...
  • #7,949
  • Aug 8, 2010 9:20am Aug 8, 2010 9:20am
Quoting geoffb65
OK make a note of your broker time when the market is open then look on
Google for "gmt time", the first entry there will show you the GMT time, ignore
the minutes and seconds and this will give you the broker GMT offset.
Thanks geoff for your time, Have a pleasant day. Julian.
  • #7,950
  • Aug 8, 2010 9:27am Aug 8, 2010 9:27am
Quoting jiva34
Okay time for dumb questions.
If I am using FXDD Malta and they are a fixed spread broker then weekend or not should it matter to be concerned about spread?
If I download data from the history which comes from Metaquotes how does that affect things as far as the weekend spread issue?
Thanks in advance...
The tester always uses the latest spread from your MT4 platform, if as you say
FXDD Malta is fixed spread then It should show "normal" spread even at the
weekend, so your test results should be ok!

Alpari UK spread is normally around 3 pips but today and most weekends, it is 27 pips!

The history that you download from Metaquotes does not include spread data
which is yet another reason why back-test results should be viewed with caution.

P.S. Thank you for your "priceless" efforts on my behalf with the FF problem!
  • #7,951
  • Aug 8, 2010 9:29am Aug 8, 2010 9:29am
Quoting iulli
Thanks geoff for your time, Have a pleasant day. Julian.
Welcome! Have a good day!
  • #7,952
  • Aug 8, 2010 9:57am Aug 8, 2010 9:57am
Quoting geoffb65
As far as I can see from your strategy report your settings are correct yet the
graph looks like one produced with the wrong start time/GMT offset.

FXDD are +3 as far as I am aware so it looks to be correct!

There are probably other members using FXDD so let's see if anyone else can
shed some light on this!
I am on FXDD but I only forward test and am very happy with the results. It saddens me that you have to go through this with newbies over and over again, Geoff. In the future I think you should refer all of these types of backtesting questions to Sky for response.
  • #7,953
  • Aug 8, 2010 10:11am Aug 8, 2010 10:11am
Quoting lawgirl21
I am on FXDD but I only forward test and am very happy with the results. It saddens me that you have to go through this with newbies over and over again, Geoff. In the future I think you should refer all of these types of backtesting questions to Sky for response.
It gives me something to do!

Sky would give them the benefit of his experience but he seems to have
abandoned us for pastures new or, perhaps he is on vacation!

Are you with FXDD Malta or US and what is your GMT offset?
  • #7,954
  • Aug 8, 2010 10:52am Aug 8, 2010 10:52am
Quoting geoffb65
It gives me something to do!

Sky would give them the benefit of his experience but he seems to have
abandoned us for pastures new or, perhaps he is on vacation!

Are you with FXDD Malta or US and what is your GMT offset?
I'm with FXDD US and the GMT is +3. I've had no problems with it.
  • #7,955
  • Edited 11:22am Aug 8, 2010 10:55am | Edited 11:22am
Quoting lawgirl21
I'm with FXDD US and the GMT is +3. I've had no problems with it.
Thank you, they must be using the Malta server!
  • #7,956
  • Edited 12:00pm Aug 8, 2010 11:46am | Edited 12:00pm
Quoting lawgirl21
I'm with FXDD US and the GMT is +3. I've had no problems with it.
Ok I am not really a newbie, but as I can see you are using same broker as me.. can you please backtest this ea and tell us how does it look? You shouldn't be happy only with forward test if you are going to risk your hard earned money on it. If you use is based ONLY your forward testing , and backtest looks same like mine, you are going to lose in the end when it hits SL. I remind you base on my backtesting with this broker in last six month the ea hits stoploss only 3 or 4 times, but it was enough to erase all profits... thinks about it.

IF backtesting doesn't show same results as geoff that means I wouldn't trust going live with this one, and you shouldn't either (in case your backtest looks like mine) till we discover , what is the reason for the wrong results...

Please let us (me) know how your backtesting results looks like, thankyou very much. Julian.
  • #7,957
  • Aug 8, 2010 11:46am Aug 8, 2010 11:46am
Quoting geoffb65
Thank you, they must be using the Malta server!
Your patience is as stunnig as your EA, Geoff
  • #7,958
  • Aug 8, 2010 11:55am Aug 8, 2010 11:55am
Quoting dambuster
Your patience is as stunnig as your EA, Geoff
Kudos to geoff... I also admire your dedication to this thread.
Also can we win this game called forex if we have no patience???
  • #7,959
  • Aug 8, 2010 12:19pm Aug 8, 2010 12:19pm
Quoting dambuster
I have found VNC to have some security issues so presonally recommend Teamviewer

Eitherway Piptitian is right, much easier than being glued to the PC
Good point about security. The VNC server I have setup on my PC is running on my home wireless network and is not accessible from the outside. So as long as your wireless network is secure (as it should be) then there should not be any security issues using it in this way.

Regards,
Piptician
  • #7,960
  • Aug 8, 2010 12:44pm Aug 8, 2010 12:44pm
Quoting iulli
Ok I am not really a newbie, but as I can see you are using same broker as me.. can you please backtest this ea and tell us how does it look? You shouldn't be happy only with forward test if you are going to risk your hard earned money on it. If you use is based ONLY your forward testing , and backtest looks same like mine, you are going to lose in the end when it hits SL. I remind you base on my backtesting with this broker in last six month the ea hits stoploss only 3 or 4 times, but it was enough to erase all profits... thinks about it.

IF...
2 traders viewing now