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Simple H1 GBPUSD EA

  • #9,621
  • May 31, 2011 9:15am May 31, 2011 9:15am
Forgot to tell you that I have never had a loss with this EA.
  • #9,622
  • May 31, 2011 9:59am May 31, 2011 9:59am
Hi Geoff

What's your broker?

Regards,

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
  • #9,623
  • May 31, 2011 10:02am May 31, 2011 10:02am
Hi Gerry

What's your best setting and best broker?

Regards,

Quoting gerry berard
Forgot to tell you that I have never had a loss with this EA.
  • #9,624
  • May 31, 2011 10:29am May 31, 2011 10:29am
Hi gerry,

as Geoff mentioned the best setting, what mean of TSL 31,
the TSL point which parameter?
  • #9,625
  • May 31, 2011 11:22am May 31, 2011 11:22am
My settings are TP1) 31 TP2) 36 TP3) 40 Stop loss is 142 trailing stop is 31 Max open hours is 7 min profit hours is 7 Fast sma is 10 Slow sma is 135. My broker is IBFX for now although I am looking for an out of the Country Broker that will take a US citizen.
  • #9,626
  • May 31, 2011 1:54pm May 31, 2011 1:54pm
Quoting gerry berard
My settings are TP1) 31 TP2) 36 TP3) 40 Stop loss is 142 trailing stop is 31 Max open hours is 7 min profit hours is 7 Fast sma is 10 Slow sma is 135. My broker is IBFX for now although I am looking for an out of the Country Broker that will take a US citizen.
Thanks for the settings!

I used to run this EA soon after Geoff released it but gave up after a string of losses in the summer of last year

Am now reviving it and am wondering if you are using the 3 order setup?
  • #9,627
  • May 31, 2011 2:23pm May 31, 2011 2:23pm
No I don't use the script. I just change the tps in the EA.
  • #9,628
  • May 31, 2011 7:10pm May 31, 2011 7:10pm
Quoting gerry berard
My settings are TP1) 31 TP2) 36 TP3) 40 Stop loss is 142 trailing stop is 31 Max open hours is 7 min profit hours is 7 Fast sma is 10 Slow sma is 135. My broker is IBFX for now although I am looking for an out of the Country Broker that will take a US citizen.
hi gerry , thanks very much!
  • #9,629
  • May 31, 2011 7:51pm May 31, 2011 7:51pm
Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, "biblical"?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes...
Winston Zeddemore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together... mass hysteria!
Mayor: All right, all right! I get the point!


Quoting gerry berard
With this EA there is no gambling at all.
  • #9,630
  • May 31, 2011 7:53pm May 31, 2011 7:53pm
My settings are TP1) 31 TP2) 36 TP3) 40 Stop loss is 142 trailing stop is 31 Max open hours is 7 min profit hours is 7 Fast sma is 10 Slow sma is 135. My broker is IBFX for now although I am looking for an out of the Country Broker that will take a US citizen.

Hi Gerry

I have attached v-17a and it didn't open any trade today. I was using Simple_H1_GBPUSD_EA earlier and it was opening two positions @ 5PM EST every day. What could be wrong? I am using FXDD broker. Could you please attach the screen shots of your settings?

Thanks.

Pramod
  • #9,631
  • May 31, 2011 8:00pm May 31, 2011 8:00pm
Quoting glenn5t
The reason the result this week was a small lost was due to two factors:

The first the EA took a position on monday as per the method however the EA...
Thanks Glenn5t, it does. Due to the bank holidays I did not even fire up my live account and it did occur to me that it was a bad day to start testing this EA!
I shall install it on my live account using Geoff's settings as mentioned recently, using a very conservative lot size to start with, and see how it goes. (A good set of three wins last night, no trade for me tonight.)

Steve
  • #9,632
  • May 31, 2011 8:26pm May 31, 2011 8:26pm
Quoting gerry berard
My settings are TP1) 31 TP2) 36 TP3) 40 Stop loss is 142 trailing stop is 31 Max open hours is 7 min profit hours is 7 Fast sma is 10 Slow sma is 135. My broker is IBFX for now although I am looking for an out of the Country Broker that will take a US citizen.

Hi Gerry
nice to here from you
I have had pretty good success with
http://www.smarttradefx.com/
out of Canada

I have given up on this ea maybe I will give er another look
  • #9,633
  • Jun 1, 2011 5:04am Jun 1, 2011 5:04am
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
I dunno how safe that really is. It only works this year. I backtested it with horrible results for 2010 (gets the account to 0). Curve fitting at its best ?
  • #9,634
  • Jun 1, 2011 6:47am Jun 1, 2011 6:47am
Quoting dryclean
Hi Gerry
nice to here from you
I have had pretty good success with
http://www.smarttradefx.com/
out of Canada

I have given up on this ea maybe I will give er another look
dryclean,
I am curious as to why you have "given up on this ea....". I started with Geoff long time ago (at first introduction of this ea in 2010) and did experience huge losses (for me, anyway) after enjoying great success. Now am thinking, with the changes, maybe will try this again. Others in this forum are claiming profitable trades. What do you see wrong with this ea? Thanks for your answer!
  • #9,635
  • Jun 1, 2011 7:35am Jun 1, 2011 7:35am
Hi DRY CLEAN. Good to see you again.
  • #9,636
  • Jun 1, 2011 7:54am Jun 1, 2011 7:54am
Thanks DRYCLEAN. I just opened an account with Smart Trade.
  • #9,637
  • Jun 1, 2011 8:36am Jun 1, 2011 8:36am
DRYCLEAN what is the GMT offset for Smart Trade???
  • #9,638
  • Jun 1, 2011 9:59am Jun 1, 2011 9:59am
Vary thanks for this post
this system is vary good but its need one thing
i hope you can do it
The idea is to add for this EA Martingale system by minimum profit without any stop loss , it will add position after 25 pips with lot multiplier.
i promises you it is will work perfect
  • #9,639
  • Jun 1, 2011 11:46am Jun 1, 2011 11:46am
I have traded this system since the thread begining, original rules but no long sma, as the original rules. More trades, more losses but more wins. Im up with 100%.
Elovv
  • #9,640
  • Jun 1, 2011 1:24pm Jun 1, 2011 1:24pm
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
Geoff what version is this for? I'm wanting safe and some profit.
Thanks
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