- Most Forex traders lose all their money.
- Using the robot posted here in trading Forex does not guarantee success.
- Trading this robot could lead to serious financial loss.
- Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
- This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
- At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
- To trade this robot, you have to understand:
- How to use EA's.
MAKE SURE YOU READ THIS POST http://www.stevehopwoodforex.com/phpBB3 ... 41#p111241 There was a Forex bloodbath on Jan 15th 2015 that you need to know about.
ARC is my own working of the idea Popov presented at http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=4535. This is no disrespect to Popov and I shall be featuring his thread in my WRUP on Sunday night.
I have two reasons for coding my own version:
- Popov created his ea using an ea builder. There looks like some pretty nifty stuff in there and the code appears to be written in what I assume is Mql5 OOP. The only thing wrong with this is mahoosive; there are none of the anti-Empty4 safety measures that I always include. Noobs will come to appreciate the enormous importance of this the first time they sit down at their platform and find the account has hit a margin call after the ea sent hundreds of trades 1 tick apart. I would not even bother to have nightmares about trading an ea without all the safety features.
- Giving users the opportunity to use all the usual Bob stuff etc as filters.
EU H1; go long when the previous candle rose by at least 30 pips and the trading volume is at least double the average of the previous 80 candles. Close the trade at the close of the trading candle.I have included inputs so that tinkerers can play with the Volumes settings (Volumes indi in Navigators/Indicators/Volumes) and candle requirements. You have the option to not close at the end if the trading candle.
Not sure I have come across a simpler idea than this. ARC is not going to be a trading tart, so leave him chugging away on a demo somewhere and see how he gets on.
The Shell User Guide explains the usual stuff to noobs.
Using ATR to calculate the minimum candle body height
I have added the facility to use ATR for calculating the minimum acceptable candle body height:
- UseAtrForMinimumCandleBody: turns this feature on or off.
- AtrTimeFrame: the time frame you want to use for the calculation.
- AtrPeriod: this is the 'Period' input that ATR requires. The indi default is 14. The default here is 20, to represent one full day of H1 trading.
- AtrDivisor: calculates the minimum height by dividing ATR by this. I have included it for those of you who want to play with ATR on a higher time frame.
Matters of general interest
Go here to download and run the script that will fill your platform's missing chart history: http://www.stevehopwoodforex.com/phpBB3 ... f=15&t=254
Read this post:
http://www.stevehopwoodforex.com/phpBB3 ... p?f=6&t=78 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration.
Masterly summary of hedging: http://www.forexfactory.com/showthread. ... ost4977179
EA coding
I receive may requests to code EA's. Traders, if I code your EA for free, then I will share it here. If you want me to code your EA without sharing, then my fee is $100 payable into my paypal account. I explain why at http://www.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79, at the bottom of the post.
Useful utilities/EA's/scripts
- Multi purpose trade manager: http://www.stevehopwoodforex.com/phpBB3 ... ?f=21&t=64
- Account equity analyser: http://www.forexfactory.com/showthread. ... ost4709098, which includes a template for both USD and the Euro.
- Past-trades display indi by squalou; shows a graphical display of the success/failure of trades in your History tab. Breathtaking piece of work. http://www.forexfactory.com/showthread. ... ost3830610
- My shell EA – the code I use to produce EA's so quickly. http://www.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79
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