Ehup Gals and Galesses. The markets are open again and the pulse rushes anew. Good luck to all of you this week.
Mind, if you are not a Global Prime account holder, you might not realise that the markets are open. GP opens with the open in Sydney at the start of the week, and closes with the close of NY at the end of the week. None of this open an hour late and close an hour early bollocks common to The Criminals (i.e. the rest of the so-called 'brokers' who are actually market-makers and worse).
Nothing much new this week, but read my comments about Bob's 10.6 below. I was a tad startled when I worked out how well I have done since the end of November.
We have a new sub-forum. We have been benefiting from Bob's macroeconomic expertise (he claims it is not expertise, but it clearly is) in his 10.6 thread. He wanted a place to discuss economics outside of his forum, so I created the new sub-forum. Read his first thread at
http://www.stevehopwoodforex.com/phpBB3 ... =79&t=3398
Cheers
Weekly round-up:
For those of you reading this in my roundup thread in The Lounge, courtesy of Tommaso you can now sign up to receive it into your inbox, along with any upcoming 'New Toy' notifications. Click the 'Subscribe to Steve's weekly round-ups at the top of your board index screen.
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Bob's 10.6 thread at
http://www.stevehopwoodforex.com/phpBB3 ... 454#p80454 is fantastic. Bob is transforming the trading practices of a lot of previously unsuccessful traders. Since starting trading this live at the end of November, I have made 1032 pips and increased my account balance by just about 9%. Not visited his thread yet? You are an idiot. Got there, and go there
NOW
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dudest has posted his first EA at
http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=3372 He has been working on both the EA and his trading methodology for 10 months or so, so this could well be a good one to try out.
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FXAW Entropy news for those of you still hesitating about joining. The signals generated by Craig's algorithm are exceptionally good. They are sent to a signals receiver that sits on the trading platform. A single 'slave' EA translates these signals into a form that the trade management EA's ('Tradebot') can recognise and work with.
We have seen baskets of trades going thousands of pips into profit. There is a problem with the tradebot's trailing stop feature that has seen trades fail to close at the right time and the trade move back into loss. The whole package is not yet ready for live account trading, but I am sure it will be soon.
I recommend that those of you still hesitating bite the bullet and join. There is a lot to consider when setting the tradebot loose, and you need to get a feel for how it works, and to calculate your own values for all the inputs.
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BASA continues to make progress and a number of us are trading it live – link below.
Official SHF broker
Global Prime. Not just the 'Official' broker (cos we all know what a multitude of crimes this can cover) but
my broker. I am happy that GP continues to offer the transparent and honest service they advertise at
http://www.stevehopwoodforex.com/phpBB3 ... =52&t=1394 Newbies, you will be labouring under the misapprehension that most so-called 'brokers' really are brokers. They are not, and are out to separate you from your cash. Read about their tricks at
http://www.stevehopwoodforex.com/phpBB3 ... =52&t=1475
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EA's under continual development
EA's that show promise will be subject to continual development and the threads that post them will attract continual interest. Here is a list of current ones:
BASA at
http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=2759
Crossfader at
http://www.stevehopwoodforex.com/phpBB3 ... =54&t=3091
Macd Stochastic Fractal MA5/25 Daily Marylin at
http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=1448
Sunrise, SunLight, TakeItEasy, SmartBaby, Flavius, Scooter, at
http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=1519
xMeter (R)Evolution at
http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=1310
Have I missed out your EA? Send me a pm.
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Follow José Luis's potentially invaluable experiment at
http://www.stevehopwoodforex.com/phpBB3 ... =36&t=3325 JL's first post is self-explanatory.
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Useful tip for keeping your Empty4 installation tidy:
http://www.stevehopwoodforex.com/phpBB3 ... 300#p74300 Quick and easy to do.
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Absolute must-reads remain:
http://www.stevehopwoodforex.com/phpBB3 ... =59&t=1572 Read the first 100 pages or so, then cut to the last 20. Pay particularly close attention to CJ's charts. You might find a visit to
http://www.stevehopwoodforex.com/phpBB3 ... =59&t=2525 illuminating. kwanann emerged as a leading contributor in CJ's thread and his own holds invaluable information. An addition to the CJ naked trading spinoff threads:
http://www.stevehopwoodforex.com/phpBB3 ... =59&t=2969
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Reported broker scams
Some brokers are even more criminal than the worst we have come across. Read about them at
http://www.stevehopwoodforex.com/phpBB3 ... m.php?f=72
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Absolute no-no's
These will build/have built up over the course of time.
- at some stage, every newbie trader will become excited by Martingale. To avoid a bollocking from me, read http://www.stevehopwoodforex.com/phpBB3 ... f=16&t=550 before you post about it. Even the most dimwittedly ardent exponent of this lunacy eventually stopped posting – he lost all his cash.
- Cowboy IBFX Aussie wankers blocked my live trading account again because I was running an 'old' version' of Empty4 – proving yet again that these bastards are in cahoots with the cowboys at Crapperquotes to separate all of us from our cash. Ok, so I do not really care because this is my tiny play-money account, but I would be cross if I had deposited $50,000 with them. Not that I would be that stupid. Nor should anyone else. Never deposit live cash with these cowboys. That is Cowboy IBFX Aussie, guys.