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Simple H1 GBPUSD EA

  • #9,501
  • Edited 8:42pm Nov 24, 2010 8:17am | Edited 8:42pm
Hi,geoff

What's wrong with my last two trades. They didn't touch the TP Price?! Anything wrong with my setting? I don't think so ...

PLZ see the Attached Imagesbelow
Attached Image
  • #9,502
  • Nov 24, 2010 9:03am Nov 24, 2010 9:03am
Quoting piptician
and here is a run I did from Jan 2006 to date with same settings (200 pip spacing between recovery trades and fixed lots). This bags 16500 pips!!! Note that there are only 2 occasions where there is a heart attack inducing drawdown - I'm sure with some fine tuning these can be smoothed out.

Piptician
That looks great Pip!!

Please don't hesitate to ask if there's anyting we can do (like backetesting, etc.) to help.

Franko
  • #9,503
  • Nov 25, 2010 2:22am Nov 25, 2010 2:22am
Quoting sherry0410
Hi,geoff

What's wrong with my last two trades. They didn't touch the TP Price?! Anything wrong with my setting? I don't think so ...

PLZ see the Attached Imagesbelow
It looks like your last 2 orders were caught by the 7 hour exit protection which
collects a few pips profit just in case the London market goes against the trend!
  • #9,504
  • Nov 25, 2010 2:26am Nov 25, 2010 2:26am
Quoting Pierre
I have installed camvcv00 and it work perfectly on demo.
I have installed Tokyo GBPUSD v 17a on FINFX demo and it dont work; it cannot place stoploss. Maybe I will have to turn ECN on? Finfx is a ecn broker but in demo I put ECN off?
Or is there another problem?
FinFX are ECN brokers!
  • #9,505
  • Nov 25, 2010 2:53am Nov 25, 2010 2:53am
Quoting geoffb65
It looks like your last 2 orders were caught by the 7 hour exit protection which
collects a few pips profit just in case the London market goes against the trend!
Thanks a lot~ Geoff~

sherry
  • #9,506
  • Nov 28, 2010 2:31pm Nov 28, 2010 2:31pm
i am still following this thread as it keeps moving.
I think most of us stopped trading it for now is the 140 sl.
I seems like there is a lot of eas out there that have great curves toward the profit, AND THEN IT HAPPENS. The big stop loss they use, and you lose all your profit.
I like eas because You dont have to sit there and watch trades all day. I have other things i would like to do.
I will keep going and keep leaning until i figure it out. It get very frustrating at times . i am not in any live trades now because im am just not sure of myself, right now. Kinda like flying, I am a pilot, small airplanes, and as the saying goes.
It is always better to be on the ground wishing you were in the air, than being in the air wishing you were on the ground. Same with trading, better to be out of the trade wishing you were in than in the trade wishing you were out.
There is always another day.
Anyone have any sucessful eas that they are using now, or who is still here trading geoffs ea.
Geoff are you doing any other threads. I really like the gentlemen you are and so kind to all, thankyou
  • #9,507
  • Nov 28, 2010 3:04pm Nov 28, 2010 3:04pm
Steve Hopwood the beast looks pretty good I will be giving it a try this week
but I still use this ea I just pick if I want long or short. Today GU is still bearish Dollar gaining strength with the Euro dumping and the Korea mess going on
  • #9,508
  • Nov 29, 2010 2:33am Nov 29, 2010 2:33am
Quoting kauaibobby
Anyone have any sucessful eas that they are using now, or who is still here trading geoffs ea.
Yes I am.

For the last past week I shift the GMT offset to -1 than the previous GMT.
Everyday the EA run but in small pips average 22 + 11 + 2, without any loss.Today the EA run for short and make 22+11+5 pips.

The reason is because Geoff mentioned the trend continuation before Tokyo open. Since Tokyo not shifting the DTS so I moved the GMT offset.
  • #9,509
  • Nov 29, 2010 7:05pm Nov 29, 2010 7:05pm
Is this right? it was open at 8.50AM Singapore Time GMT +8 (30 Nov 2010)

My broker is liteforex but i got no idea what GMT offset should i set. I left it at 3
Attached Image (click to enlarge)
Click to Enlarge Name: test.jpg Size: 29 KB
Learn the words... speak the words
  • #9,510
  • Edited Nov 30, 2010 12:40am Nov 29, 2010 8:22pm | Edited Nov 30, 2010 12:40am
Tokyo 17a with offset GMT -1 than the original setting. Open at 22.55 GMT. Short for 1.5560, 1.5559, 1.5559.

Still running with minus in pips.


Edit :
close with 22+11+10 pips. Thank you Geoff.

Use with your own risk.
  • #9,511
  • Dec 1, 2010 1:20am Dec 1, 2010 1:20am
Quoting tingwei_98
Is this right? it was open at 8.50AM Singapore Time GMT +8 (30 Nov 2010)

My broker is liteforex but i got no idea what GMT offset should i set. I left it at 3
Go to your platform and go to view, then drop down menu MARKET WATCH and see what time it says there and compare that time to GMT and that will be your difference in time.
  • #9,512
  • Dec 1, 2010 5:53am Dec 1, 2010 5:53am
Quoting piptician
and here is a run I did from Jan 2006 to date with same settings (200 pip spacing between recovery trades and fixed lots). This bags 16500 pips!!! Note that there are only 2 occasions where there is a heart attack inducing drawdown - I'm sure with some fine tuning these can be smoothed out.

Piptician
Hey Piptician
any progress on V19?

the original 17a is doing well this week had a good 2 days nothing last nigth though. I have fxdd, alpari & forex4you running Asian and London
I reduced my lot sizes and lowered the TP's alittle
  • #9,513
  • Dec 2, 2010 12:33am Dec 2, 2010 12:33am
dryclean good to here you are still using the ea.
What are your settings ?
i remember using a 55 sl and thought that might be a little better.
i am just woried about the couple of big losses we all had and lost all our porfit in one trade.
I like ea but not sure if it will ever work.
Seems like all the eas out there have big stop loss or no stop at all.
And they win win win for quite a while and then whammmm they lose everything you just won.
You know of any good eas out there.
i am not one to sit in front of computer all day and trade.
it seems like the just using price action is the only way to go but it is tough to learn, you still dont know which way things are going to go and it takes a lot of practice.
  • #9,514
  • Dec 2, 2010 1:00pm Dec 2, 2010 1:00pm
Quoting dryclean
Hey Piptician
any progress on V19?

the original 17a is doing well this week had a good 2 days nothing last nigth though. I have fxdd, alpari & forex4you running Asian and London
I reduced my lot sizes and lowered the TP's alittle
Hi Dryclean,

I will try and get it uploaded over the weekend. It will come with a serious wealth warning as it has up to 6 recovery positions. If you are unlucky enough to need all of those then your account is probably toast. I ran some 10year backtests and found a few occasions when the account was busted.

So, this is for demo use only with lots of new settings to play with. I'm still thinking about how to detect when recovery is just not going to work and exit with some of the account still intact.

Regards,

Piptician
  • #9,515
  • Dec 2, 2010 2:37pm Dec 2, 2010 2:37pm
Quoting piptician
Hi Dryclean,

I will try and get it uploaded over the weekend. It will come with a serious wealth warning as it has up to 6 recovery positions. If you are unlucky enough to need all of those then your account is probably toast. I ran some 10year backtests and found a few occasions when the account was busted.

So, this is for demo use only with lots of new settings to play with. I'm still thinking about how to detect when recovery is just not going to work and exit with some of the account still intact.

Regards,


Piptician
Looking forward to it

Paul
  • #9,516
  • Dec 2, 2010 3:46pm Dec 2, 2010 3:46pm
Quoting paulbt38
Looking forward to it

Paul
Here's an example from 2007 where 4 recovery positions were needed before breakeven was achieved. This uses 1.3.3.3 recovery. A maximum of 3 positions are ever open at any one time (the original Tokyo positions are counted as 1 compound position). Also note how long it took for recovery to be achieved (22Oct - 12Nov).

Piptician
Attached Image (click to enlarge)
Click to Enlarge Name: Recovery4 Oct2007 explained.png Size: 83 KB
  • #9,517
  • Dec 2, 2010 3:51pm Dec 2, 2010 3:51pm
Quoting piptician
Here's an example from 2007 where 4 recovery positions were needed before breakeven was achieved. This uses 1.3.3.3 recovery. A maximum of 3 recovery positions are ever open at any one time (the original 2 Tokyo positions are counted as 1 position). Also note how long it took for recovery to be achieved (22Oct - 12Nov).

Piptician
and here is where even 6 recovery positions were not enough - goodbye account...

Piptician
Attached Image (click to enlarge)
Click to Enlarge Name: Recovery6 Apr2005 DISASTER.PNG Size: 112 KB
  • #9,518
  • Dec 2, 2010 4:00pm Dec 2, 2010 4:00pm
Hi Everyone,
I was away for a month and found the thread is still active when i return back today. Good work Piptician and Geoff.. waiting for V19..(what happened to V18 as i am seeing the next one 19 insteadd of 18)
Velli
  • #9,519
  • Dec 2, 2010 5:02pm Dec 2, 2010 5:02pm
Quoting kauaibobby
dryclean good to here you are still using the ea.
What are your settings ?
i remember using a 55 sl and thought that might be a little better.
i am just woried about the couple of big losses we all had and lost all our porfit in one trade.
I like ea but not sure if it will ever work.
Seems like all the eas out there have big stop loss or no stop at all.
And they win win win for quite a while and then whammmm they lose everything you just won.
You know of any good eas out there.
i am not one to sit in front of computer all day and trade.
it seems...
will do but got to get to that computer to upload
  • #9,520
  • Dec 2, 2010 8:18pm Dec 2, 2010 8:18pm
here they are this is for offset 2 alpari
run optimizer to get your own custom settings

start with SL and then TP's that's what I did
Attached File(s)
File Type: zip presets.zip   3 KB | 692 downloads
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