EA for GBPUSD one trade system | Forex Factory

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EA for GBPUSD one trade system

  • #1
  • First Post: Jan 17, 2011 4:14am Jan 17, 2011 4:14am
the original method is here

http://www.forexfactory.com/showthread.php?t=275947

pl read the system well and understand it. very simple and easy to follow system

dont ask basic question on EA.... its easy to use

test it , demo it before putting real money.

its profitable in 2010, 2009. i got mixed results in 2008. this works ONLY for GBPUSD and ONLY for the hours mentioned

default hours are in GMT. add your broker offset
Attached File(s)
File Type: mq4 OneTrade.mq4   11 KB | 722 downloads
  • #2
  • Jan 18, 2011 9:39am Jan 18, 2011 9:39am
Quoting roundrock
the original method is here

http://www.forexfactory.com/showthread.php?t=275947

pl read the system well and understand it. very simple and easy to follow system

dont ask basic question on EA.... its easy to use

test it , demo it before putting real money.

its profitable in 2010, 2009. i got mixed results in 2008. this works ONLY for GBPUSD and ONLY for the hours mentioned

default hours are in GMT. add your broker offset
Thank you for your efforts, btw could you add a function to close the trade not nesesary in one hour, but adjustable time period. profits must runhttp://cdn.forexfactory.com/images/s.../yim/happy.giffor trader to be sucsesfull.
  • #3
  • Jan 18, 2011 9:43am Jan 18, 2011 9:43am
Quoting Saintsurfer
Thank you for your efforts, btw could you add a function to close the trade not nesesary in one hour, but adjustable time period. profits must runhttp://cdn.forexfactory.com/images/s.../yim/happy.giffor trader to be sucsesfull.
then it becomes another system.

test the EA, it gave good results in last 2 years
  • #4
  • Jan 18, 2011 10:32pm Jan 18, 2011 10:32pm
Quote
Thank you for your efforts, btw could you add a function to close the trade not nesesary in one hour, but adjustable time period. profits must runhttp://cdn.forexfactory.com/images/s.../yim/happy.giffor trader to be sucsesfull.

He's given you the mq4 file, add it in yourself.
  • #5
  • Jan 20, 2011 9:12am Jan 20, 2011 9:12am
Having some problems with backtesting, the first month's profit is reached then nothing happens for the rest of the year.

Will check the code and see what I can find.
  • #6
  • Jan 20, 2011 10:35am Jan 20, 2011 10:35am
set stop_after_target to true, then it will continue
  • #7
  • Jan 20, 2011 1:30pm Jan 20, 2011 1:30pm
Quoting roundrock
set stop_after_target to true, then it will continue
Figured that out a while ago hehe, I accidentally set it to false.
  • #8
  • Edited 4:41pm Jan 20, 2011 3:06pm | Edited 4:41pm
Re-read first post and answered my own question.... Sorry!
Over confidence can be a moral hazard.... not to mention a financial one!
  • #9
  • Jan 20, 2011 6:12pm Jan 20, 2011 6:12pm
Hello.Roundrock when should this EA be put on---30 minutes to 15 minutes before the 8 GMT candle forms,or,at 00 GMT to start it?Also,I am on the west coast in California so 8 gmt to me would be 12:00 midnight and 00:00 gmt would be 1600 right?Thanks...HARIOM
  • #10
  • Jan 21, 2011 2:40am Jan 21, 2011 2:40am
RR
you said the default is GMT in the ea, however it's set to hour 2 and 10.
Shouldn't it be 0 and 8?
  • #11
  • Jan 23, 2011 10:33am Jan 23, 2011 10:33am
Quoting tazmaan
RR
you said the default is GMT in the ea, however it's set to hour 2 and 10.
Shouldn't it be 0 and 8?
i am sorry, my broker is GMT+2.

it should be 0 GMT and 8 GMT. So adjust as per your broker timings
  • #12
  • Jan 23, 2011 10:34am Jan 23, 2011 10:34am
Quoting smpprj
Hello.Roundrock when should this EA be put on---30 minutes to 15 minutes before the 8 GMT candle forms,or,at 00 GMT to start it?Also,I am on the west coast in California so 8 gmt to me would be 12:00 midnight and 00:00 gmt would be 1600 right?Thanks...HARIOM
you can put it any time. before 0 GMT or 8 GMT
  • #13
  • Jan 24, 2011 3:09am Jan 24, 2011 3:09am
If I understand correctly the strategy, it should stop after loosing (not only winning) 10% of the balance?

For instance Dec 2010 is not a profitable month for this strategy

Rgds
WTjS
  • #14
  • Jan 24, 2011 8:19am Jan 24, 2011 8:19am
Quoting wtjs1971
If I understand correctly the strategy, it should stop after loosing (not only winning) 10% of the balance?

For instance Dec 2010 is not a profitable month for this strategy

Rgds
WTjS
I can't speak for how roundrock coded his EA, but I can tell you that there is nothing that I presented anywhere in the strategy that says to stop if you get to -10% for the month. Certainly, this is your choice, you can choose to stop trading at any point you are comfortable.

December 2010 was not only a winning month, but it reached +10% on 23-December. I've pasted all of the trades for the month below. Even if we did plan to stop at -10%, there was never a point in that month that we reached that. The lowest point of the month was 7-December, when we were down 6.04%.

Perhaps, if you'd lke to post your results for December, I can help identify where your numbers differed from mine.

Date: Pips (running total)

12/1: -20 (-20)
12/2: +32 (+12)
12/3: -20 (-8)
12/6: -20 (-28)
12/7: -20 (-48) ** Low point of the month
12/8: +24 (-24)
12/9: +41 (+17)
12/10: -3 (+14)
12/13: -20 (-6)
12/14: -20 (-26)
12/15: +35 (+9)
12/16: -20 (-11)
12/17: -3 (-14)
12/20: -11 (-25)
12/21: +27 (+2)
12/22: +48 (+50)
12/23: +54 *** Target hit.

The candle on 23-December ended up being good for 54 pips. We closed when it was at +30, because our target was hit.
  • #15
  • Jan 25, 2011 5:20pm Jan 25, 2011 5:20pm
Thank you Roundrock.........HARIOM
  • #16
  • Jan 26, 2011 8:47am Jan 26, 2011 8:47am
Is this ea meant to just take one trade a day as yesterday it took two.

First buy trade went to -20 and closed and it then opened another buy trade which also went to -20 SL and then it stopped for the day.

Is that normal ??
  • #17
  • Jan 27, 2011 2:10am Jan 27, 2011 2:10am
The EA has opened a buy trade - but price on the 8:00 candle is well above the 00:00 candle so should it not be a sell.
  • #18
  • Jan 27, 2011 3:18am Jan 27, 2011 3:18am
Quoting puntalara
The EA has opened a buy trade - but price on the 8:00 candle is well above the 00:00 candle so should it not be a sell.
My mistake it was a long I was looking at yesterdays 0:00 candle, what a dope.

The ea did open up another long after the first hit SL this morning mind you.
  • #19
  • Jan 29, 2011 6:19am Jan 29, 2011 6:19am
Could any one tell me what i would have to put in the code to make the ea only take the one trade please.

Regards punta
  • #20
  • Jan 29, 2011 8:11am Jan 29, 2011 8:11am
Quoting puntalara
Could any one tell me what i would have to put in the code to make the ea only take the one trade please.

Regards punta
it takes only one trade. pl make sure u load this to GU H1 chart.

pl post the logs whenever you see a problem, without that nobody can help you. pl google where to see the logs
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