- 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.
- The buy low sell high principle taught to me by ncoyte and DFC, or learned from CJ's thread.
- The concept of 'basket' trading.
- Nanningbob's Recovery trading.
Peaky is an automation of how I have been trading manually since January, gradually refining the process. The Peaky User Guide tells all. Enjoy.
Trading refinements in light of deepening experience
- I have abandoned all xxxCHF apart from USDCHF. They cause me nothing but grief. I prevail in the end, but the pain is not worth it.
- I only trade when the swap is positive. You will learn why if you insist on trading in the direction of negative swap.
Note to US citizens: Gary is working on a version especially for you. He is attempting to deal with the ludicrous FIFO rules. Download it from http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=5203
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Note to noobs: before asking about basket trading and Recovery, break the habit of a lifetime and read "To trade this robot, you have to understand:" at the top of this post. I will eviscerate you if ask about them here.
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Note to everyone else: cozybooks has posted an indi will allow you to see where the sixths hilo were back in time. Find it at http://www.stevehopwoodforex.com/phpBB3 ... 29#p154129
Zool has improved the indi. Find it at http://www.stevehopwoodforex.com/phpBB3 ... 50#p154350
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Have fun.
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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