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Slopey Peaky Bob https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=5389 |
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Author: | SteveHopwood [ Wed Feb 07, 2018 4:42 pm ] |
Post subject: | Slopey Peaky Bob |
SERIOUS WARNING
This goes in your platform's /Include folder and is an essential component. No member of the SPB tribe will work without it. 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. Everything you need to know is in the user guide. Kopan has presented a version especially for US traders - http://www.stevehopwoodforex.com/phpBB3 ... 104&t=5480. I am trading this bot on my live trading accounts. Go to the end of this forum and read upwards to see how some of us are doing. I have made some recommendations for lot sizes in relation to account size in the user guide. Be patient. Save for a decent account whilst you run SPB on demos to get a feel for how he trades. Get greedy and you will blow your account. There are two indicators coded by Rene attached:
It is possible to set up SPB to work with TDesk/Desky and TDesk-compatible indicators. The attached "Setting up SPB to work with TDesk and Desky" pdf explains how. Thomas has sent us a TDesk template to get us started - "TDesk Template - SPB Family Dashboard.tpl" - also attached. SPB needs the TDeskSignals.mqh file in your platform's /MQL4/Include folder whether you are using TDesk or not, so download it from viewtopic.php?p=163522#p163522 PROGRESS REPORTS I have been trading SPB for more than a year. See post 2 for details. Edit on February 26th 2022 I started to experiment a few months ago, with treating each pair as an individual basket, aiming for a basket Take Profit of 100 pips. I went live on a tiny account in Nov 2021, then on a much larger account towards the end of January 2022. Profits have accrued steadily. I have added the set file here - SPB.set. Go to the end of this thread and you can follow the live trading results I post each week. Edit on March 5th 2022 Those of us who have been trading SPB since the start in Feb 2018 are familiar with this scenario: our whole position goes into draw down and remains there for months on end. Eventually the pain becomes too great and we close down, taking a considerable hit. Happily most accounts remained in profit and started to grow again. I have reached the conclusion that it is best to close all open orders before the markets close on Friday night (Saturday morning for our friends in Upside Down Land), even if this means we take a hit. We can relax over the weekend and start again on Monday. 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
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Author: | SteveHopwood [ Tue Feb 13, 2018 9:18 am ] |
Post subject: | Slopey Peaky Bob |
This is a live cash trading report. I am writing it on the 22nd September 2019, some 19 months after first publishing Slopey Peaky Bob. I have been trading the bot live since soon after first publishing it. I experimented with settings a lot before settling on a trading method, so my report starts from Jan 1st 2019. I have added a further report at the bottom of this post. Here are my results since January 1st 2019 to Sep 22nd 2019. Later updates are at the end of this post: This is not spectacular success, but it has been steady and safe. I have made a further $1,296 by manually hedging adverse pairs. I have developed a hedging method and describe it below. Slopey Peaky Bob is the first consistently profitable EA that I have produced. Other members of the Slopey Peaky Bob tribe are looking promising on demo, but I shall talk about them elsewhere (viewtopic.php?p=168729#p168729). I am talking about live cash trading here. I have come to some conclusions:
Whilst saving up a decent deposit for a live cash account with Global Prime, try opening a cent account Read Gertje's post http://www.stevehopwoodforex.com/phpBB3 ... 95#p168595 DRAWDOWN You cannot trade Slopey Peaky Bob if drawdown bothers you. It is a fact of life of basket trading. There are two highly promising I-am-right-or-I-am-out versions of the Slopey Peaky Bob tribe available. Read about them in my progress report at viewtopic.php?p=168729#p168729 MY HEDGING METHOD Here is what happens when a pair runs into difficulties, taking a buy as an example:
I can also make some extra dosh on the way down. Here is how, still using the buy trades as an example:
Here is a pic of a hedging chart: Imagine I had a bunch of open buy trades. I would not be considering hedging them yet because:
To our cousins in the US: you can still hedge despite the restrictions. Open a second account and send your hedge trades to the account. CAVEAT Just because I have enjoyed success with Slopey Peaky Bob and hedging, does not automatically mean you will. I started trading in 2006. In the 13 years since, I have never had any success trading another trader's method, however sound-looking the method and profitable the member posting it – and the likes of Wavegarrick et al are very good. I cannot even make HGI work for me. By contrast, I have enjoyed success once I worked out trading methods for myself. I think I know why I have failed with other traders' methods. I have not fully understood the methods. I have not given them time to 'bed in' to my psyche, or to learn to tweak them to suit myself. I have given up too soon. By contrast, Slopey Peaky Bob is my baby. I have faith that the basic principles underlying his trading are sound and so have the patience to tweak and, above all, hang on in there when the drawdown is mounting. You are not inside my head, and so may lack my patience and so fail with Slopey Peaky Bob. Good luck. Latest progress reports Jan 1st 2019 to Dec 24th 2019 |
Author: | bishopdotun [ Tue Feb 13, 2018 9:22 am ] |
Post subject: | Slopey Peaky Bob |
SPB is rocking. |
Author: | Wavegarrick [ Tue Feb 13, 2018 9:35 am ] |
Post subject: | Slopey Peaky Bob |
Excellent results across the board for you...Well done Bishopdotun |
Author: | bishopdotun [ Wed Feb 14, 2018 1:44 pm ] |
Post subject: | Slopey Peaky Bob |
SPB continues the ride. |
Author: | SteveHopwood [ Wed Feb 14, 2018 3:33 pm ] |
Post subject: | Slopey Peaky Bob |
luke sent me a pm this morning highlighting a bloop in the code. It affects those of you aiming for a pips target (IndividualBasketTargetPips) trading each pair as a basket. This is fixed in 1a in post 1. Classy people, here is the DIY:
Code: Select all
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Author: | bishopdotun [ Fri Feb 16, 2018 6:15 pm ] |
Post subject: | Slopey Peaky Bob |
End of W1 OOTB Settings with ATR 30% |
Author: | Wavegarrick [ Fri Feb 16, 2018 6:51 pm ] |
Post subject: | Slopey Peaky Bob |
It just does not gel for me, 20 000 pips in a week?. Am I missing something and if I do, I apologise Cheers Leon |
Author: | bishopdotun [ Fri Feb 16, 2018 6:59 pm ] |
Post subject: | Slopey Peaky Bob |
Drop one of the zeros. It is a 5 digit broker problem. criminals. |
Author: | SteveHopwood [ Fri Mar 02, 2018 9:20 pm ] |
Post subject: | Slopey Peaky Bob |
Peaky is the runaway winner so far in my Slopey family test. http://www.stevehopwoodforex.com/phpBB3 ... 104&t=5402 |
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