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Simple H1 GBPUSD EA

  • #8,061
  • Aug 9, 2010 3:48pm Aug 9, 2010 3:48pm
Thanks, Pip. I'm glad to know that.
  • #8,062
  • Aug 9, 2010 3:56pm Aug 9, 2010 3:56pm
I am trading the Tokyo v16 with the conservative inputs.
Didn't have any loosers.

TP1 10, TP2 22, TP3 80, trail stop 10, SL 140
Broker : ActivTrades

Cheers
  • #8,063
  • Aug 9, 2010 4:33pm Aug 9, 2010 4:33pm
Quoting presetman
i am trading the ea posted on post 11 it has no verison #. what version would it be also i would like to find v 9 . i haved checked over 200 pages without finding it . would someone be so kind and lead me to it. thanks and HAVE A GREAT DAY
Here you go. And I (and apparently some others) are still using V9 live. FOr me it was never 'broke' so why change?
Attached File(s)
File Type: ex4 SimpleH1_GBPUSD_EAv9.ex4   20 KB | 557 downloads
  • #8,064
  • Aug 9, 2010 4:48pm Aug 9, 2010 4:48pm
Quoting Flamenco143
Here you go. And I (and apparently some others) are still using V9 live. FOr me it was never 'broke' so why change?
hi Flemengo,
I am also in the same boat. V16 never worked for me and version 9 never let me down. i got only one bite...


Regards
Velli
  • #8,065
  • Aug 9, 2010 5:52pm Aug 9, 2010 5:52pm
market uncertainty direction,today i manually close the EA
  • #8,066
  • Aug 9, 2010 6:50pm Aug 9, 2010 6:50pm
Quoting piptician
Actually Tokyo will not open anymore positions long or short until the current set of positions have closed. In other words, once long it won't go short until the longs have all closed and vice versa.

Piptician
Many thanks to you also, Piptician, for the information!
66trader66
  • #8,067
  • Aug 9, 2010 7:56pm Aug 9, 2010 7:56pm
looks like this time got s/l. -125 now...
  • #8,068
  • Aug 9, 2010 8:39pm Aug 9, 2010 8:39pm
Hit S/L
at 1.58329

-140 X 3.
  • #8,069
  • Aug 9, 2010 8:57pm Aug 9, 2010 8:57pm
ATC closed out on SL all five positions for live, -$700 loss, wiping out all prior gains for the past two months. Think it's time to try and select another EA. This system is superior when trades are winning but you never know when one of these negative biggies will strike and damage an account. Prior to this I had 32 winning trades. Will replenish the account and go fishing again; somewhere there is a winning EA!
  • #8,070
  • Aug 9, 2010 9:01pm Aug 9, 2010 9:01pm
IBFX V16/3. Hit SL 1.58337 @20100810 01:36
  • #8,071
  • Aug 9, 2010 9:42pm Aug 9, 2010 9:42pm
v16 3 longs stopped out @1.58333 & 1.58328..

I think should be careful about entries on other brokers because this EA is made and tested on Alpari UK (please correct me if I'm wrong), so if Alpari no entry, i think we really shouldn't entry on other brokers.
For example, this time my broker entry but Alpari Demo no entry, so it is not really fault of EA, but a question why my broker entried.
  • #8,072
  • Aug 9, 2010 9:55pm Aug 9, 2010 9:55pm
SL hit, my account got destroyed.
EUR25,500, nearly 80% of my saving.
Poor money management, good for learning...
  • #8,073
  • Aug 9, 2010 10:19pm Aug 9, 2010 10:19pm
I lost $1400 on GU long, but took short trade which is up $840, also went short EU at same time, so my loss was counteracted and I actually made money...this kind of trading day calls for fancy tap dancing....no passive trading on days like today.
  • #8,074
  • Aug 9, 2010 10:20pm Aug 9, 2010 10:20pm
Wow! is anyone short GU or EU now? Really popping.
  • #8,075
  • Aug 9, 2010 11:07pm Aug 9, 2010 11:07pm
Alpari Demo Hit max (140) pip stop loss on all three trades. Ces't FX la vie!
  • #8,076
  • Aug 9, 2010 11:11pm Aug 9, 2010 11:11pm
no trades on alpari uk live were triggered...
anyone else got the same?
meine augen sind die sterne
  • #8,077
  • Aug 9, 2010 11:21pm Aug 9, 2010 11:21pm
Quoting 66trader66
ATC closed out on SL all five positions for live, -$700 loss, wiping out all prior gains for the past two months. Think it's time to try and select another EA. This system is superior when trades are winning but you never know when one of these negative biggies will strike and damage an account. Prior to this I had 32 winning trades. Will replenish the account and go fishing again; somewhere there is a winning EA!
That is the challenge w/ EA's like this. If you use a trailing stop, the risk/reward is out of whack. Making 20 pips for a 140 pip stop will bite you no matter what. There is no magic 'always' and conditions could/will change to the point where you could have 5 losing days in a row. If you use it like GEOFF, then it is much better R/R.

EA's don't really work 100% by themselves. They need a driver who knows how to trade or at least screw them up enough so they can't trade.

If I were you, I would spend my time learning to trade (or better), then use the EA's as assistance. I use a few EA's, and it is more of a hobby for me as I don't believe they will ever work to a point where we will all make a living off of them.

I closed out my 3 positions at +10, +10, and -17 (when I woke up). The GBPUSD had a lot of divergence and it was needing a retracement badly, so any long's in my opinion were high risk as it kept testing 1.6 over and over but not breaking through.

(sorry to be so 'negative', but I don't like seeing people 'bet the farm' without understanding the possibilities)
We are our own best indicator.
  • #8,078
  • Edited Aug 10, 2010 12:34am Aug 9, 2010 11:41pm | Edited Aug 10, 2010 12:34am
I have been running this EA on Alpari UK live since the end of April and there have been the following monthly SL's:

May 4th
June 29th
July 16th
August 9th

For me, the EA with its huge SL being hit monthly is no longer viable from an RR perspective

Pity, because it showed such promise

Geoff, to you a huge thanks which cannot be expressed in mere words for this extraordinary journey, your endless patience and outstanding kindness

I wish you all the best and also to those who decide to stick with the system

As for me, I'm out, chow baby....
  • #8,079
  • Aug 10, 2010 12:26am Aug 10, 2010 12:26am
Sooo, another big hit which wiped out all the profit made so far. I'm glad I didn't put money on it that I really needed, though that's Forex and is part of the game...

Cheers to Geoff, thanks for the trip.
  • #8,080
  • Aug 10, 2010 12:35am Aug 10, 2010 12:35am
Quoting Flamenco143
Here you go. And I (and apparently some others) are still using V9 live. FOr me it was never 'broke' so why change?
Hi, Flamenco! I'm using IBFX & V9 too but no trade since last week, i'm from GMT +8 Malaysia, should set my GMT offset to 0 and start time set to 0 also? Thanks.
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