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Simple H1 GBPUSD EA

  • #9,561
  • Jan 27, 2011 12:23pm Jan 27, 2011 12:23pm
Been looking back at my losses. I have not traded this ea since 12-29-10 a loss... I went back to May 2010 when I started. I put this indi on the chart

(see http://www.forexfactory.com/showthread.php?t=274194 for how indi works)

For each and every loss the PA was at the wrong side of the outer bands of the TMA for example the pa was at the bottom (dotted green line ) and a sell order was placed and it went the other way. Same with a pa at the red dotted line a buy went wrong way.

I'm now checking on winning trades to see what is happening. This will take some time but I will get back to the thread with results. This could be an extra filter that I manually could use. Not sure if it could be programed into the bot.

This bot has made me a lot of money but I've had some rather large losses since August. The 12-29-10 was the last straw. But I like how it works when it is working. Overall I'm up about 200% since May even with the losses. I was trading Tokyo and London sessions on 2 different brokers.

SO I had at least 3-4 trades a week. The problem is after a loss it takes 2-3 weeks to get back to where you were. 10-7-10 10-25-10 11-1-10 12-29-10. These were loss dates So it has been mounting and I've lost confidence in the EA

But maybe there is something here


PS Geoff you need to put your old pic back when I see the current one I think I'm in the wrong thread lol
Attached File(s)
File Type: mq4 TMA.mq4   8 KB | 531 downloads
  • #9,562
  • Jan 27, 2011 3:03pm Jan 27, 2011 3:03pm
I still trade this system, up ca 80% since may 2010. I trade without ma 197. More losses I guess but more wins to. I dont trades mondays.
Elovv
  • #9,563
  • Jan 28, 2011 4:17am Jan 28, 2011 4:17am
Quoting dryclean
Been looking back at my losses. I have not traded this ea since 12-29-10 a loss... I went back to May 2010 when I started. I put this indi on the chart

(see http://www.forexfactory.com/showthread.php?t=274194 for how indi works)

For each and every loss the PA was at the wrong side of the outer bands of the TMA for example the pa was at the bottom (dotted green line ) and a sell order was placed and it went the other way. Same with a pa at the red dotted line a buy went wrong way.

I'm now checking on winning trades to see what is...
Nice idea in using the TMA indicator as a filter.
Lets see if it can be incorporated into the EA
  • #9,564
  • Edited 8:00am Jan 29, 2011 7:27am | Edited 8:00am
I did a look back at all trades over the last year

Any trade placed outside the tma lines such as a buy at the top or sell at the bottom was a loser

There were some winners that where right on or just below the line and these were either marginal wins hit TS or took hours to get 2-5 pips

the best trades were the ones closest to the middle line or mid way between middle and outer line regardless of buy or sell

I'm sure some other band indi might show the same thing but I've been playing with tma lately


To check for yourself do a visual stratagy test on a blank H1 chart then add the TMA after test i done and arrow back to start and look for green for wins red for loss and just see where they are


So I plan to use the tma as a filter (oh no! not another one) and try again. There will be less trades but if it avoids those big SL's well worth it

I'm also checking a couple other things and will keep the thread posted too

If this works I hope it can be written into the EA
  • #9,565
  • Jan 29, 2011 8:08am Jan 29, 2011 8:08am
Here we go again. You might want to do a little more research into the TMA indicator and what happens when you use it for visual backtests.

Regards...the TMA backtest police

Quoting dryclean
I did a look back at all trades over the last year

Any trade placed outside the tma lines such as a buy at the top or sell at the bottom was a loser

There were some winners that where right on or just below the line and these were either marginal wins hit TS or took hours to get 2-5 pips

the best trades were the ones closest to the middle line or mid way between middle and outer line regardless of buy or sell

I'm sure some other band indi might show the same thing but I've been playing with tma lately


To check for yourself do a visual...
  • #9,566
  • Jan 29, 2011 9:00am Jan 29, 2011 9:00am
TMA True then or VBT
or which would you say to test with ?
  • #9,567
  • Jan 29, 2011 9:26am Jan 29, 2011 9:26am
well I tried tma true and vbt and about 1/2 of the big losses where inside the bands
back to the drawing board

zz could you explain does the tma work on a live chart but can not be used in backtest IF it does not work what would you recommend to try and filter these losses
  • #9,568
  • Jan 29, 2011 12:08pm Jan 29, 2011 12:08pm
Thanks for the idea, first time reading this thread but not sure if I am capable of reading a 600 page thread. Will take the main idea and see if I can do some good with it.

And thanks again
  • #9,569
  • Jan 29, 2011 12:12pm Jan 29, 2011 12:12pm
Quoting dryclean
well I tried tma true and vbt and about 1/2 of the big losses where inside the bands
back to the drawing board

zz could you explain does the tma work on a live chart but can not be used in backtest IF it does not work what would you recommend to try and filter these losses
For live trading, simulators, or Strategy Tester, use Tma or TmaTrue. For visual backtest, use TmaTrue.

As far as this strategy goes, I'm not really sure additional filters would help much. Although, I am hardly an expert on this strategy.

Best of luck!
  • #9,570
  • Jan 29, 2011 12:40pm Jan 29, 2011 12:40pm
TMA is what I used in the stratagy tester and it clearly showed loser poitions where outside the outer bands.

Gonna give it a whirl on a penny account .....
  • #9,571
  • Jan 29, 2011 12:53pm Jan 29, 2011 12:53pm
Attached is a 99% quality backtest done with dukascopy tick data over the last 3 years, I fixed the spread at 3 pips, standard 3 order settings from post #1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 8 KB
Click to Enlarge Name: GBPUSDtest.jpg Size: 169 KB
  • #9,572
  • Jan 29, 2011 4:05pm Jan 29, 2011 4:05pm
hallo .
i watch the page 1 and the pdf talking about
1 hour tf set up with sma 10 + sma 197
and enter the trade in M15 tf where sma 55 bounced
with stoch turn from 75 down (short ) or 25 (long).
is there another page which is more update that i can read from .
i read about TMA from dryclean ...
can someone show me tha final pattern of the strategy ?
thanks .
gabriel
  • #9,573
  • Jan 29, 2011 5:01pm Jan 29, 2011 5:01pm
Quoting gabriel3
hallo .
i watch the page 1 and the pdf talking about
1 hour tf set up with sma 10 + sma 197
and enter the trade in M15 tf where sma 55 bounced
with stoch turn from 75 down (short ) or 25 (long).
is there another page which is more update that i can read from .
i read about TMA from dryclean ...
can someone show me tha final pattern of the strategy ?
thanks .
gabriel
i guess the thread should give you enough information.
Hero calls followed by margin calls...
  • #9,574
  • Jan 30, 2011 3:17am Jan 30, 2011 3:17am
Quoting Wgold2
Attached is a 99% quality backtest done with dukascopy tick data over the last 3 years, I fixed the spread at 3 pips, standard 3 order settings from post #1.
Thank you for the test results, they show losses where the market was
ranging and profits where it was trending!

I use different optimised settings on my live accounts:
Fast MA 10, Slow MA 135
Exit time 7 (hours) Exit pips 7
TP1 31, TP2 40, SL 142 and TSL 31.

The Exit pips gets hit quite often, which reduces the profitability but
it is a safe exit and I have not had a losing trade since last October.

Regards
Geoff
  • #9,575
  • Jan 30, 2011 3:48am Jan 30, 2011 3:48am
Hello every one and appreciate the detail in the thread.

I am new to EA so trying to figure this out setting it up. I have it running on the demo account (IBFX) with the correct GMT and the smile face but there had been no triggers all of last week?

Is this true with others? What am I doing wrong?

Any help would be nice

Thanks
  • #9,576
  • Jan 30, 2011 4:34am Jan 30, 2011 4:34am
Quoting geoffb65
Thank you for the test results, they show losses where the market was
ranging and profits where it was trending!

I use different optimised settings on my live accounts:
Fast MA 10, Slow MA 135
Exit time 7 (hours) Exit pips 7
TP1 31, TP2 40, SL 142 and TSL 31.

The Exit pips gets hit quite often, which reduces the profitability but
it is a safe exit and I have not had a losing trade since last October.

Regards
Geoff
Thats quiet nice geoff !
Could u be so kind and attach the presetfile of your settings?

Kindest regards
Phanti
Hero calls followed by margin calls...
  • #9,577
  • Jan 30, 2011 12:03pm Jan 30, 2011 12:03pm
Quoting PhAnTi'
i guess the thread should give you enough information.
the thread is full of information but not consistence .
there are a lot of versions .and some added tma indicator
what wrong with my question ?
i used before 3 months the version tokyo_17a since then
i admit i did not follow the thread asking why i got life bad result .
  • #9,578
  • Jan 30, 2011 3:39pm Jan 30, 2011 3:39pm
DRYCLEAN
very good ! this hedging is very smart .
on my first trial last year i did manual hedging something like this
without technical knowledge just look at price action and go with
the trend ... the result where amazing :
in 3 weeks i got 500% .
but even when the market had drferent condition it was very hard to lose .
  • #9,579
  • Jan 30, 2011 4:27pm Jan 30, 2011 4:27pm
Quoting gabriel3
DRYCLEAN
very good ! this hedging is very smart .
on my first trial last year i did manual hedging something like this
without technical knowledge just look at price action and go with
the trend ... the result where amazing :
in 3 weeks i got 500% .
but even when the market had drferent condition it was very hard to lose .
refresh my memory .....where did I write about hedge . . . here
  • #9,580
  • Jan 30, 2011 4:56pm Jan 30, 2011 4:56pm
Quoting dryclean
refresh my memory .....where did I write about hedge . . . here
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