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Simple H1 GBPUSD EA

  • #8,281
  • Aug 12, 2010 6:18pm Aug 12, 2010 6:18pm
Quoting calstock
Alpari live....V 16 short at 1.55846..

My alpari us live didn;t hit but my fxdd did ????

if your predidtion of 1.5550 holds that is right about at TP1
  • #8,282
  • Aug 12, 2010 6:28pm Aug 12, 2010 6:28pm
Quoting dryclean
My alpari us live didn;t hit but my fxdd did ????

if your predidtion of 1.5550 holds that is right about at TP1
Yeah...the level 1.5550 is the bottom of the raising channel...it could move up to gain momentum and then fall to break it ...

But again the MA's are within a few pips of flat....

I have left the EA to work but I only have 0.02 lots and I have brought the Stop loss down...
If my idea works and I place a line at 20 pips above the entry price at 1.5604 and then the trigger line at 1.5619...lets see if she moves up past 1.5619/20 and then I will place a sell stop at 1.5604...see if she takes it and moves back towards the entry price....

Iam worried that she may bounce and head back towards the high again...Iam a very conserative trader...

And its friday.....this will be the last trade of the week anyway....dont trade Friday evenings/night...
  • #8,283
  • Aug 12, 2010 6:33pm Aug 12, 2010 6:33pm
Quoting calstock

And its friday.....this will be the last trade of the week anyway....dont trade Friday evenings/night...
Well it's Thur night here so I guess it's ok LOL

I placed a sell limit and a sell stop 20 pips either side when I got the sell signal

the limit hit already which makes sense in a range market

I deleted the stop.... I should have kept it in to see what would happen
  • #8,284
  • Aug 12, 2010 6:36pm Aug 12, 2010 6:36pm
Quoting dryclean
Well it's Thur night here so I guess it's ok LOL

I placed a sell limit and a sell stop 20 pips either side when I got the sell signal

the limit hit already which makes sense in a range market

I deleted the stop.... I should have kept it in to see what would happen
The reason I dont use Limit orders is simply you are buying into a reversal and it maybe a big one....so you run the risk of holding a large drawdown untill the pair turn back ..

looking at the 4 hr chart this could run up to 1.5604/1.5620 ish...
  • #8,285
  • Aug 12, 2010 6:36pm Aug 12, 2010 6:36pm
V17 FX Solutions Australia 2 short 1.5587
  • #8,286
  • Aug 12, 2010 6:38pm Aug 12, 2010 6:38pm
Fxpro 1.55881 short x3
  • #8,287
  • Aug 12, 2010 6:40pm Aug 12, 2010 6:40pm
Quoting calstock
The reason I dont use Limit orders is simply you are buying into a reversal and it maybe a big one....so you run the risk of holding a large drawdown untill the pair turn back ..

looking at the 4 hr chart this could run up to 1.5604/1.5620 ish...

From the look of that chart pipician put it there is about a 20-30 retrace on every trade if I read it correctly
  • #8,288
  • Aug 12, 2010 6:41pm Aug 12, 2010 6:41pm
FXDD triggered short demo and live. Camv3
  • #8,289
  • Aug 12, 2010 6:42pm Aug 12, 2010 6:42pm
Quoting piptician
Interesting idea Sky/Paulus. I modified Tokyo to dump out the max drawdown figures before TP1 was hit and plotted the chart below.

So you are suggesting setting a Buy Limit for longs and Sell Limit for shorts based on the average drawdown. This will exclude around 16 trades. To counter this a Buy Stop for longs and Sell Stop for shorts could be placed at the original entry point once the drawdown reaches 50% of the average. Whichever of the Limit/Stop orders triggers first will cancel the other (OCO).

Regards,
Piptician

Assumption: Floating average drawdown for the past 1 month is 50 pips.

If the original entry as per EA is to long @ 1.5800 with TP1 @ 1.5822 and SL @ 1.5660, do not trigger market order. Instead, place buy limit @ 50% of average floating drawdown for the past 1 month @ 1.5775 with SL @ 1.5660 and TP1 @ 1.5800, TP2 @ 1.5822 and TP3 @ 5875

Just my two cents.

福 子 Victor V
  • #8,290
  • Aug 12, 2010 6:44pm Aug 12, 2010 6:44pm
Quoting camvcvoo
Assumption: Floating average drawdown for the past 1 month is 50 pips.

If the original entry as per EA is to long @ 1.5800 with TP1 @ 1.5822 and SL @ 1.5660, do not trigger market order. Instead, place buy limit @ 50% of average floating drawdown for the past 1 month @ 1.5775 with SL @ 1.5660 and TP1 @ 1.5800, TP2 @ 1.5822 and TP3 @ 5875

Just my two cents.

Yeah, right.. now i learn to hunt Manual entry at drawdown point..
  • #8,291
  • Aug 12, 2010 6:48pm Aug 12, 2010 6:48pm
Quoting calstock
Alpari live....V 16 short at 1.55846..
UJ/EJ rising, which means something positive cooking for the Markets..

I'd rather go Long EU/Cable here, so I switch it off for tonight..

USDx won't fly, next week, we going to return to 1.30 EU range.

IMHO
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #8,292
  • Aug 12, 2010 6:58pm Aug 12, 2010 6:58pm
Yeah....as I said earlier this is possibly the turning point off the bottom of the raising channel and of course the top of that channel is 1.5900ish area..

I have already taken the tokyo break up of the EurJpy....see where it goes..

Then again Cable may just be moving up to come back at the bottom of the channel and break down......

This is really one of the days when your better off sitting on the side lines and wait for the markets to come to you next week...
  • #8,293
  • Aug 12, 2010 6:58pm Aug 12, 2010 6:58pm
Hi all,
Can someone post their back test of V16 or V17 from Jan/1/2010 until today? from my research, keeping the history database uptodate for GBPUSD, I've been getting different back test results from FXDD accounts on different computers, pretty weird and confusing.

Thanks in advance,
hyper-fx

P.S. Geoff/piptician...thanks for all your efforts, can I request that with each version, a back test is also included to keep track of what you guys see. Even though back test is not a forward guarantee but it gives us a reference point.
  • #8,294
  • Aug 12, 2010 7:08pm Aug 12, 2010 7:08pm
CamV5 x 3 sell
TokyoV16 x 3 sell
TokyoV17 x 1 sell

all on FXCM UK demo all kicked in at 0005hrs BST (GMT +1)
  • #8,295
  • Aug 12, 2010 7:16pm Aug 12, 2010 7:16pm
My Alpari UK Demo has no trades.. (v17.)
But based on backtesting it entered 3 SELL orders @1.55848 @1:05 GMT+2
does it ever occur that live trading did not trade, but a trade appears in backtesting?
  • #8,296
  • Aug 12, 2010 8:42pm Aug 12, 2010 8:42pm
Quoting tangianto
Yeah, right.. now i learn to hunt Manual entry at drawdown point..
Manual entry....sounds familiar...
Tang, Just made 25 pips....start Long at 00.15
looks like its goin' upward again for 3 hrs....so far
  • #8,297
  • Aug 12, 2010 9:15pm Aug 12, 2010 9:15pm
Quoting dProf
Manual entry....sounds familiar...
Tang, Just made 25 pips....start Long at 00.15
looks like its goin' upward again for 3 hrs....so far
Great.. Congratz for+25, waiting m30 OB, some was OB..
  • #8,298
  • Aug 13, 2010 12:44am Aug 13, 2010 12:44am
ppl with sell orders this morning, will the position (whether profit/loss) be liquidated in 1 hour (07:00 GMT) based on the 7hr rule? I am still holding on manually to the sells. Currently hovering at -40pips for each order.
  • #8,299
  • Aug 13, 2010 3:30am Aug 13, 2010 3:30am
I have been using the ea in its various versions live for some months now and just keeping a watching brief on the thread. Quite often the price action goes against our trade early before turning in our direction. A possible variation for the ea would be at the time of triggering a trade to place the trade as a pending one x pips from the current price. X could be a variable that we could optimise. Surely this could mean we could increase the tp as well?

Paul
  • #8,300
  • Aug 13, 2010 3:42am Aug 13, 2010 3:42am
Anybody else on live noticed that the 7hr move TP to +8 pips hasn't kicked in?

Might be worth making the adjustment manually....
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