- 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.
- The original Moving Day at viewtopic.php?p=169624#p169624
- Flying Buddha setup (explained below).
c1borg asked me to do this. Here the trend is detected by the presence of a Flying Buddha.
A Flying Buddha is a signal that the market could be set to resume the overall trend after a retrace. It has three elements:
- A 5 period moving average.
- A 10 period moving average.
- The previous candle.
- Buy signal:
- 5 MA is below the 10 MA.
- The previous candle traded entirely below the 5 MA.
- Sell signal:
- 5 MA is above the 10 MA.
- The previous candle traded entirely above the 5 MA.
Every thing else is Moving Day. I adapted SPB to create MD in the first place, so read SPB's user guide if you are unsure of any of the usual inputs.
There are inputs that allow you to customise the moving average; they should be obvious. Remember that you will need all the TDesk stuff even if you are not going to send signals to it.
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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