Thread: Simple 3 order GBPUSD EA

After from the straightforward H1 GBPUSD EA ribbon, this is really a variant of the same EA that places 3 orders instead of 2, you can see the history of the EA in this link:

https://www.forexforum.co.za/general...on/71-mt4.html

This variant sets 3 orders each with its own TP and one overall stoploss.

TP1 and TSL will be the same value so that the other two orders are fully protected once TP1 is attained.
TP2 uses a trailing stoploss and goes into breakeven if TP1 is attained.
TP3 is permitted to run with no TSL however its stoploss is transferred to 10 when TP1 is attained.

The stoploss is 140 per order so the total risk is 420 pips, please do not utilize this EA if this is a issue.

Each of the configurations were arrived at using the MT4 optimising tool, any modifications will give different results!

CamvcvooV5.ex4
V5 fixes trading with ECN accounts.

Default setting (for maximum profits):
TP1 22, TP2 50, TP3 80, SL 140, TSL 22.

More coservative configurations (for fewest losses):
TP1 14, TP2 50, TP3 100, SL 130, TSL 14.

__________________________________________________ ________
canvcvoo requested this variant so, for now the document is in his name.
There is also a complete egy report attached.

NOTE:
it's very essential that your GMT offset to your broker is set correctly.

This EA sets its orders throughout the summertime before Tokyo opens, even if you do not set the broker to
GMT counter correctly the EA will not show good results.

This EA is supplied for eduional purposes only and anyone downloading and using the EA does
so entirely at their own risk and they're liable from any losses they may incur from using
it in trading.

https://www.forexforum.co.za/attachm...0826127995.zip
https://www.forexforum.co.za/attachm...1687787737.ex4
https://www.forexforum.co.za/attachm...1785433064.mq4

93959 Hello geoffb65,

Why the EA have a trade the 04/06/2010 on forward testing (two ) and not on backtesting (1)?

Same configurations:



Thx,

93959

Originally Posted by ;

any reason you're utilizing v7 on performance page v newest updates?

The performance page title is fixed and I started it using v7 then v8 and v9 however
it is currently Tokyo 2 order option actually!

The basic egy is still the same so I decided to just keep with it!

93959any reason you're using v7 on functionality webpage v newest updates?

93959thks so much. #35874;#35874;!

93959

Originally Posted by ;

hi Guys, Need help to set up the EA to my MT4 can guys teach me how?

I spent an hour writing these instructions on the other thread!

93959

Originally Posted by ;

so if move from 1 demo account to another just the one which is open will transaction, am I correct.
I have been trading for a little while, but new to EAs

Should you keep the platform open with the EA on it, it is going to continue, but should you
log out of this demo account to load a different account the EA will cease.

In case you have another demo account on another platform you can keep both open
so the EA can last trading!

93959hi Men, Need help to install the EA for my MT4 can u guys teach me ?

93959so if go from one demo account to a different only the one that is available will trade, am I correct.
I have been trading for a while, but new to EAs

Originally Posted by ;

With the EA running in one chart you can open a different chart with the exact same or
distinct pair and the EA will continue provided you maintain your platform running.
There are no audio alarms from the EA however MT4 makes noises occasionally.
The EA only looks for trades throughout the 23:00 GMT candle.
Now, only the 1 order alternative placed a trade that the 2 3 order options didn't!

93959

Originally Posted by ;

I changed the GBPUSD to false to determine if that works.
Also with all the EA running I can't log from the account to change to a different account or the EA will quit running, right? ...

Together with the EA running in one chart you can open a different chart with the exact same or
different pair along with the EA will last provided that you keep your platform running.
There are no audio alerts from the EA however MT4 makes sounds occasionally.
The EA only looks for transactions during the 23:00 GMT candle.
Today, only the 1 order alternative placed a trade that the 2 3 order options did not!