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Simple H1 GBPUSD EA

  • #9,061
  • Sep 24, 2010 3:34am Sep 24, 2010 3:34am
Hi,

No plans to touch advanced yet. Only just started using the 17a!

As for running a backtest - I may trade but that doesn't extend to a good knowledge of MT4 and its facilities. Up until know I've traded in purely discretionary way and therefore only ever utilised charts and applied indicators to them. Turning on the computer is about the extent of my IT knowledge let alone knowing how to run a backtest! Luckily I use Alpari UK so by default the settings are fine. As thats what Geoff has it against as do others are there stats somewhere for this.

Cheers,
Justin
  • #9,062
  • Sep 24, 2010 2:48pm Sep 24, 2010 2:48pm
Look at Cable 1.5825. Wow... Dollar keep dropping like a rock.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #9,063
  • Sep 24, 2010 6:17pm Sep 24, 2010 6:17pm
Skyzer you were right again
I am changing from IBFX to ITFX (invest tech fx), out of Canada, who is partner with 1PIPFIX.
I back tested with them and sure was a lot better than IBFX.
Now it looks like your graph when I back test.
I thought I was doing something wrong backtesting with IBFX, but it is just the different brokers and spreads.
Spreads 1pip on 1pip fix.
Will open live account with small lots to start and see how it goes.
They have gotten a lot of good reviews from a lot of people.
Anyone else using them?
I am not sure what the gmt offset is, but it looks like +1.
have a good weekend everyone and hope Geoff is having fun in the Bahamas.
  • #9,064
  • Sep 24, 2010 6:27pm Sep 24, 2010 6:27pm
Quoting kauaibobby
I am not sure what the gmt offset is, but it looks like +1.
have a good weekend everyone and hope Geoff is having fun in the Bahamas.
You too, friend, have a good weekend. I'll do some more backtesting
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #9,065
  • Sep 24, 2010 6:40pm Sep 24, 2010 6:40pm
Quoting kauaibobby
Skyzer you were right again
I am changing from IBFX to ITFX (invest tech fx), out of Canada, who is partner with 1PIPFIX.
I back tested with them and sure was a lot better than IBFX.
Now it looks like your graph when I back test.
I thought I was doing something wrong backtesting with IBFX, but it is just the different brokers and spreads.
Spreads 1pip on 1pip fix.
Will open live account with small lots to start and see how it goes.
They have gotten a lot of good reviews from a lot of people.
Anyone else using them?
I am not sure what...
Just a thought but why would you not open an accout with Alpari this the the broker the ea was written and optimized for...
  • #9,066
  • Sep 24, 2010 7:42pm Sep 24, 2010 7:42pm
Quoting dryclean
Just a thought but why would you not open an accout with Alpari this the the broker the ea was written and optimized for...
Don't forget that Alparti UK not accepting US based traders

and Alparti US is totally different thing.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #9,067
  • Edited 2:45am Sep 25, 2010 2:03am | Edited 2:45am
Quoting kauaibobby
Skyzer you were right again...
I have used ITFX and they have a 5 second delay in their data feed which is a disaster for our EA.
Also, during a two week trial, the data feed stopped working for up to 30 minutes on 4 occasions.
You would probably not see either of these problems in back testing!

I find Gomarkets are ideal, they have very fast STP data feed and they accept US customers!

Geoff
  • #9,068
  • Sep 25, 2010 2:33am Sep 25, 2010 2:33am
Hello Geoffb65,

first thanks for all you input around the EA! I am a sort of beginner concerning automated trading, but I also had some experience with a commercial EA, so I had to laugh when I read your introducing line in April at that topic. So in a whole your EA is doing quite good, isn't it? But do I fix that right by viewing the statements that you had a drawdown in August and your capital was nearly 0 ?

Have a nice weekend!

Dortmunder
  • #9,069
  • Sep 25, 2010 4:22am Sep 25, 2010 4:22am
Quoting dryclean
Sky what do you think about using ADR for placing long or short orders

ex. if ADR is 1000 pips and room up is 800 then long would work but a short would be risky

Like tonight it is pretty much 50/50 so room either way
Hi dryclean,

I am a newbie on EA's .... So I wonder whether your file is an EA to copy into the experts folder of my MT4? What pairs can I trade and which timeframes should be used?

Thanks in advance!
  • #9,070
  • Edited 1:46pm Sep 25, 2010 10:40am | Edited 1:46pm
Quoting Dortmunder
Hi dryclean,

I am a newbie on EA's .... So I wonder whether your file is an EA to copy into the experts folder of my MT4? What pairs can I trade and which timeframes should be used?

Thanks in advance!
Copy this into your experts folder.

This EA only trades GBPUSD H1. That's all. Anything else is considered off topic. Please, if you will read Post #1 thru several times maybe, you will have a better idea of what's going on and then start reading the thread. I know it's long but by going with the attachments paperclip in the rt hand corner of the first page, you can get a idea of the important areas to investigate. Then go to the latest version and go from there. If you have any questions please look in the thread first and if you don't find the answer, pm me and I will help as best I can.

All our best wishes to you.
  • #9,071
  • Sep 25, 2010 1:53pm Sep 25, 2010 1:53pm
Quoting geoffb65
I have used ITFX and they have a 5 second delay in their data feed which is a disaster for our EA.
Also, during a two week trial, the data feed stopped working for up to 30 minutes on 4 occasions.
You would probably not see either of these problems in back testing!

I find Gomarkets are ideal, they have very fast STP data feed and they accept US customers!

Geoff
Geoff thankyou for your advise, i will reconcider ITFX.
I was looking into more last night and wasn't sure about them.
It sure seems like there are no good brokers out there.
Honest brokers. Very frustrating.
I already signed up with go markets the other day.
I will have to see how it goes.
Hope your having a good time in the carribean.
  • #9,072
  • Sep 25, 2010 3:32pm Sep 25, 2010 3:32pm
Frustrated
I don't get it,
I tried backtesting gotrader and the graph shows the opposite of ITFX.
I mean the graph goes up on ITFX and down on gotrader, big lose.
Only thing i change is gmt offset to +1 for ITFX and +2 for gotrader.
What broker do i use
Frustrated


Quoting kauaibobby
Geoff thankyou for your advise, i will reconcider ITFX.
I was looking into more last night and wasn't sure about them.
It sure seems like there are no good brokers out there.
Honest brokers. Very frustrating.
I already signed up with go markets the other day.
I will have to see how it goes.
Hope your having a good time in the carribean.
  • #9,073
  • Sep 25, 2010 4:06pm Sep 25, 2010 4:06pm
It doesn't work on weekends! The spreads are high. You need to do them during the week.

Wait til Monday and try GoMarkets demo.
  • #9,074
  • Edited 5:06pm Sep 26, 2010 10:34am | Edited 5:06pm
Quoting kauaibobby
Frustrated
I don't get it,
I tried backtesting gotrader and the graph shows the opposite of ITFX.
I mean the graph goes up on ITFX and down on gotrader, big lose.
Only thing i change is gmt offset to +1 for ITFX and +2 for gotrader.
What broker do i use
Frustrated
Gomarkets offset is GMT +2!
  • #9,075
  • Sep 26, 2010 2:50pm Sep 26, 2010 2:50pm
Quoting kauaibobby
Frustrated
I don't get it,
I tried backtesting gotrader and the graph shows the opposite of ITFX.
I mean the graph goes up on ITFX and down on gotrader, big lose.
Only thing i change is gmt offset to +1 for ITFX and +2 for gotrader.
What broker do i use
Frustrated
FXDD has been very reliable. The ea is designed for Alpari uk but FXDD malta gets by okay.
fixed spreads, so backtesting weekends or not no difference.
I don't mind paying little extra for the steadiness of fixed spread.
No requotes, very few disconnects..
good customer support.
I do not hesitate to recommend.
  • #9,076
  • Sep 26, 2010 5:36pm Sep 26, 2010 5:36pm
Looks like we will have a trade today.
  • #9,077
  • Sep 26, 2010 5:46pm Sep 26, 2010 5:46pm
setting up
  • #9,078
  • Sep 26, 2010 6:08pm Sep 26, 2010 6:08pm
so far,no trade yet
  • #9,079
  • Edited 6:19pm Sep 26, 2010 6:17pm | Edited 6:19pm
In at 1.58304 x 3 (GoMarkets Live) long wish me well........
  • #9,080
  • Sep 26, 2010 6:18pm Sep 26, 2010 6:18pm
That was quick.
long x3 17a 1.5829
fxdd
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