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Simple H1 GBPUSD EA

  • #9,441
  • Nov 3, 2010 5:22pm Nov 3, 2010 5:22pm
Quoting Elovv
I´m up 60% with Geoffs system. And its live! Not backtesting.
Regards
Elovv
Good luck.. I think in 75% of the cases appositive trade

for the EA was actually more appropriate.. Try to attach it

to real $10000+ account and see what happens.. Demo or

penny trades always fine, though it was real good when introduced

few months back..

Please report back how much money you made in few month,

cause I can insure you that I lose more than I made with the same setting.

Ones you hit Stop loss * 3 - it's over..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #9,442
  • Nov 3, 2010 7:36pm Nov 3, 2010 7:36pm
This ea works great in a way. I was up 300% since June 1st but now only 200%. Got killed about a week ago. The major flaw is the SL 140 * x (1-2-3).
Is there a way to install a recovery system like in the nanobob thread
http://www.forexfactory.com/showthread.php?t=246113

or a sure fire hedge strat (I've attached a pdf). I don't want to give up on the ea it has done me well

Any thoughts
Attached File(s)
File Type: pdf Sure-Fire_Forex_Hedging_Strategy[1].pdf   68 KB | 809 downloads
  • #9,443
  • Nov 3, 2010 8:33pm Nov 3, 2010 8:33pm
Quoting dryclean
This ea works great in a way. I was up 300% since June 1st but now only 200%. Got killed about a week ago. The major flaw is the SL 140 * x (1-2-3).
Is there a way to install a recovery system like in the nanobob thread
http://www.forexfactory.com/showthread.php?t=246113

or a sure fire hedge strat (I've attached a pdf). I don't want to give up on the ea it has done me well

Any thoughts
Greetings all.
Something I stumbled on by accident but got me to thinking about how to possibly protect against losses with a strategy that uses a large stop loss.
I am experimenting with my own ea and quite by accident I left 2 versions of it running on the same account (with different magic numbers of course).
One was a 1 hour that I was testing and the other was a 15m. Both on the same pair.
I am trying to reduce the stop losses on them but as of now they both have rather large stop losses, over 100 pips each.
Well the 1hr did the unthinkable and sold a short term bottom, after a few minutes the 15 minute opened long. Now both settings had tested very successful in back test so the likelihood of both trades being bad was slim. Of course, both trades could have been bad. But they weren't. The 15 min was a good trade and cut the losses of the 1hr in half. The 15 minute did not reach it's 2nd target completely but fell back on a trailing stop, before it went much higher. If it had reached the 2nd target there would have been net gain.
Interesting idea I will be considering developing at some point. Little tied up right now with other aspects of development.
Dunno know if this helps at all. But I thought I would throw it into the idea pool.
(forgot my mouse, I hate touch sensitive track point, just getting this message typed and ready to post has been a major project)!!
  • #9,444
  • Nov 3, 2010 10:36pm Nov 3, 2010 10:36pm
Quoting dryclean
This ea works great in a way. I was up 300% since June 1st but now only 200%. Got killed about a week ago. The major flaw is the SL 140 * x (1-2-3).
Is there a way to install a recovery system like in the nanobob thread
http://www.forexfactory.com/showthread.php?t=246113

or a sure fire hedge strat (I've attached a pdf). I don't want to give up on the ea it has done me well

Any thoughts
I agree, a recovery system would be a great addition.
  • #9,445
  • Nov 4, 2010 3:01am Nov 4, 2010 3:01am
Quoting calstock
Hi Geoff

Did you not get a trade on Monday with Go Markets...?
No, my demo account with GoMarkets expired a couple of weeks ago so
I am only using Alpari micro account and demo accounts and a live spread
betting account with Smart Live Spread Betting.
  • #9,446
  • Nov 4, 2010 6:41am Nov 4, 2010 6:41am
Quoting jiva34
Well the 1hr did the unthinkable and sold a short term bottom, after a few minutes the 15 minute opened long. Now both settings had tested very successful in back test so the likelihood of both trades being bad was slim. Of course, both trades could have been bad. But they weren't.
I'm kind of don't get it. If on H1 open short and H15 open long, that is

Net ZERO (assuming both trades using same Lot size) and how those

trades could be bad if 1 is sell and 1 is buy it's like no position at all.

Probably I missing something, sorry
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #9,447
  • Nov 4, 2010 11:31am Nov 4, 2010 11:31am
Quoting dryclean
This ea works great in a way. I was up 300% since June 1st but now only 200%. Got killed about a week ago. The major flaw is the SL 140 * x (1-2-3).
Is there a way to install a recovery system like in the nanobob thread
http://www.forexfactory.com/showthread.php?t=246113

or a sure fire hedge strat (I've attached a pdf). I don't want to give up on the ea it has done me well

Any thoughts
I've just started working on adding the raw ingredients for a recovery system. My current thinking is to add support for up to 3 recovery trades that can either be limit or stop orders in the direction of the original Tokyo trades. If the price keeps heading against you, then the pending stop orders will trail until they get triggered.

How far apart these recovery trades should be placed and with what lot sizes, TP/SL/TSL is still to be determined. As well as how these should interact with the loosing Tokyo trades.

Watch this space ...

Regards,
Piptician
  • #9,448
  • Nov 4, 2010 12:21pm Nov 4, 2010 12:21pm
Quoting piptician
I've just started working on adding the raw ingredients for a recovery system. My current thinking is to add support for up to 3 recovery trades that can either be limit or stop orders in the direction of the original Tokyo trades. If the price keeps heading against you, then the pending stop orders will trail until they get triggered.

How far apart these recovery trades should be placed and with what lot sizes, TP/SL/TSL is still to be determined. As well as how these should interact with the loosing Tokyo trades.

Watch this space ...

Regards,
Piptician...
Thanks Piptician

If you can make them user inputs that would work then they could be adjusted accordingly... I would maybe start with a 3 times original lot size at 30 pips away from the original opening

for example:

a buy lot of .01 at 1.6000 goes south ... at 1.5970 a .03 sell stop kicks in and then closes at 1.5940 the net is a 30 pip profit but it will increase DD from what the bot does now

Just a thought
  • #9,449
  • Nov 4, 2010 4:00pm Nov 4, 2010 4:00pm
Anyone trading tonite
might sit this one out
or make the ea trade short only
  • #9,450
  • Nov 4, 2010 4:15pm Nov 4, 2010 4:15pm
Quoting dryclean
Thanks Piptician

If you can make them user inputs that would work then they could be adjusted accordingly... I would maybe start with a 3 times original lot size at 30 pips away from the original opening

for example:

a buy lot of .01 at 1.6000 goes south ... at 1.5970 a .03 sell stop kicks in and then closes at 1.5940 the net is a 30 pip profit but it will increase DD from what the bot does now

Just a thought
Perhaps a simple function pips to re-entry like with Steve's various ea's with recovery. I have found either a 1-2-4 or 1-1-3-3 are the best options that Steve has coded.

Paul
  • #9,451
  • Nov 4, 2010 4:16pm Nov 4, 2010 4:16pm
Quoting paulbt38
Perhaps a simple function pips to re-entry like with Steve's various ea's with recovery. I have found either a 1-2-4 or 1-1-3-3 are the best options that Steve has coded.

Paul
Thanks
do you have a link to them
  • #9,452
  • Nov 4, 2010 5:18pm Nov 4, 2010 5:18pm
Quoting SkyzerFX
I'm kind of don't get it. If on H1 open short and H15 open long, that is

Net ZERO (assuming both trades using same Lot size) and how those

trades could be bad if 1 is sell and 1 is buy it's like no position at all.

Probably I missing something, sorry
It is possible for both trades to be bad. They have different stops and limits. If the long stops out but the limit for the short has not been reached and prices then turn up and the short then stops out too.
  • #9,453
  • Nov 4, 2010 5:43pm Nov 4, 2010 5:43pm
No trades tonight.
  • #9,454
  • Nov 7, 2010 12:01pm Nov 7, 2010 12:01pm
Dear Thread

Thank you all for a great thread however I am unable to load any of the EAs, it is obvious that I am doing something wrong. Can someone please assist me.

Many many thanks

Ezmai
The things which hurt, instruct! - Benjamin Franklin
  • #9,455
  • Nov 7, 2010 1:23pm Nov 7, 2010 1:23pm
Quoting Ezmai
Dear Thread

Thank you all for a great thread however I am unable to load any of the EAs, it is obvious that I am doing something wrong. Can someone please assist me.

Many many thanks

Ezmai
dear ezmai
EA go to load programs on your PC and post on EA
EXPERT in your folder when you restart your metatrader platform drag on EA Graph true if you select ECN brokerAscolta
Trascrizione fonetica
  • #9,456
  • Nov 7, 2010 2:28pm Nov 7, 2010 2:28pm
Quoting Terminetor
dear ezmai
EA go to load programs on your PC and post on EA
EXPERT in your folder when you restart your metatrader platform drag on EA Graph true if you select ECN brokerAscolta
Trascrizione fonetica
Dear Terminetor

Thank you. I have tried that, ie, loaded the EA and settings then restarted Mt4. Nothing happens. The EA does not load. I have done this many times with other EAs but I am miffed at this one. I cant understand what I am doing wrong. Can someone please post the latest versions for all that I need.

Many many thanks.

Ezmai
The things which hurt, instruct! - Benjamin Franklin
  • #9,457
  • Nov 8, 2010 10:18pm Nov 8, 2010 10:18pm
22 + 50 pips
  • #9,458
  • Nov 8, 2010 11:03pm Nov 8, 2010 11:03pm
Quoting Elovv
22 + 50 pips

Could you describe what price the EA took the trade and what sets are you using? Mine no trade for 2 days.
  • #9,459
  • Nov 9, 2010 7:27am Nov 9, 2010 7:27am
Quoting koi99
Could you describe what price the EA took the trade and what sets are you using? Mine no trade for 2 days.
23.15 sell 1.61396
23.52 TP 1.61176 22 pips
00.02 TP 1.60896 50 pip

IBFX, but I dont use slow sma, more trades, more losses but profitable so far

Elovv
  • #9,460
  • Nov 10, 2010 9:54pm Nov 10, 2010 9:54pm
Today again

Quoting Elovv
22 + 50 pips
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