- 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.
- 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.
- Moving averages
Moving Day is closer to the Holy Grail of a set-and-forget EA than we have ever been. You may want to intervene manually from time to time, but try leaving it to its own devices on demo.
I wanted a chart pic to illustrate a cross of a moving average whilst writing my getting started from scratch guide (viewtopic.php?p=169343#p169343). I opened a D1 chart and dragged a 20 period exponential moving average onto it, then saved the chart as a picture for the guide.
I noticed how often the market continued in the direction of a cross of the moving average, often for some considerable time.
Moving Day is a multi-pair EA that exploits this feature. Details are in the attached User Guide. Do not be lazy and merely try to load up Moving Day; this will not work. You do not need the guide if you are already familiar with MD. Just remember that you need the TDesk and fxtestify Include and Libraries files.
Moving Day is not the easiest EA in the world to set up, especially if you are new to this and doubly especially if English is not your first language. I do not care. That is your problem. Do not post your problems here. I have set up a thread where you can post them confident that someone will answer patiently: viewtopic.php?p=169627#p169627 Use it.
We are finding that grid trading is the way to go with this bot. Read this post viewtopic.php?p=170054#p170054 for a wonderful example of how powerful it can be.
Enjoy.
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
- http://www.stevehopwoodforex.com/phpBB3 ... =21&t=5190
- 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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