Simple 3 order GBPUSD EA
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Thread: Simple 3 order GBPUSD EA

  1. #1
    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

  2. #2
    Quote Originally Posted by ;
    Following on in the easy H1 GBPUSD EA thread, this is a variant of the same EA that places 3 orders instead of two, you can observe the history of the EA at this link:

    https://www.forexforum.co.za/general...d-thought.html

    This variant places 3 orders each using its own TP plus one overall stoploss.

    TP1 and TSL will be the Exact Same Price. (As before)
    TP2 employs the trailing stoploss and moves into breakeven when TP1 is attained.
    TP3 is allowed to run without a TSL but its own stoploss can be moved to breakeven when TP1 is attained.

    The...
    Geoff,

    Thank you very much with this particular version I requested.

    I will upgrade my live forward evaluation as from next week.

    Let us hope this thread will entice many abilities to enhance this EA like another thread of yours.


    Remember, all credits go to Geoff, the originator of the idea.

    Many pips whatsoever.


    Cheers.

    Victor V

  3. #3
    Holy cow! I have backtested it100% profit
    I'm firing this infant live this evening. You're da man!

  4. #4
    Quote Originally Posted by ;
    Holy cow! I've backtested it: 100% profit
    I'm firing this infant live this night. Thanks geoff, you are da man!
    Hi Emanuele

    I've only run it on the optimiser and found that TP3 could be increased to 80, it was 50 default option and this provides a larger overall profit!

  5. #5
    Quote Originally Posted by ;
    Holy cow! I have backtested it: 100% profit
    I am shooting this baby live this night. Thanks geoff, you're da man!
    What the ...!

    Your post actually drives me crazy and like I could withdraw profits from my broker's account already!

    Let's hope we all benefit from this version.

    Cheers.

  6. #6
    Quote Originally Posted by ;
    Hi Emanuele

    I have just run it to the optimiser and discovered that TP3 could be raised to 80, it was 50 default option and this provides a bigger overall profit!
    I will see my account with my broker getting bigger and bigger!

    Geoff, you stones

    Thank you very much

    Cheers!

  7. #7
    Quote Originally Posted by ;
    I can view my account with my broker getting bigger and bigger!

    Geoff, you rocks

    Thank you very much

    Cheers!
    How about giving the thread some stars in the evaluation!

  8. #8
    Excellent Job Geoff.. I will exhibit this one for a little and see how it goes... I prefer the default option V7. But using such a high hit rate, a 3rd TP might not be bad idea

    Will check it out

  9. #9
    That's the way the backtesting graph resembles. Great. I think I'll just quit my crappy manual trading and let this wonder encounter by itself.

  10. #10
    Quote Originally Posted by ;
    How about giving the thread some stars in the evaluation!
    Guess what?

    Only hunted 6 Stars but had been rejected, so I settled for 5 Stars. Hope you don't mind.

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