- 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.
- Bob's HGI indicator.
Intro
Holy Graily Bob 'n Grid is an automation of combining grid trading with elements of Bob's Holy Grail Indicator. Download Bob's zipfile from http://www.stevehopwoodforex.com/phpBB3 ... 45#p105045. You need a version of HGI in your Indicators Folder - the latest version is attached to Bob's post 1. Remember to change HGBnG's HGI_Name input to the name of the version you are using, or he will be excessively rude to you.
Newbie traders, you are the luckiest noobs in the history of the train wreck that is retail Forex trading. HGI is the culmination of about 6 years work by nanningbob. You can trade manually by sitting at your console reading a book and simply reacting to the HGI signals. This is the most exciting development in my 8 years experience of the train wreck. Just make sure you absorb "HGI and so-called 'repainting'" from further down this post.
I am trading this EA on my live trading account.
Are you a confused newbie? Don't clutter this thread with requests for basic information - I will delete them. Ask instead at http://www.stevehopwoodforex.com/phpBB3 ... 91#p105691 where friendly souls will help you out.
Origin of this EA
We have cyberevil to thank for this. He wrote to me a couple of weeks ago describing how he was trading using HGI. He had noticed that the markets often travelled a fair distance in the 'wrong' direction after a blue wavy line and big trend arrow signal, and wanted to take advantage of this.
Trading with HGB'nG
I have explained everything in the attached "HGB'nG User Guide" pdf.
A word of warning folks. I loathe writing user guides, and this one took me most of the day. Ask a question here that proves you have not read it and I will move you instantly to the On Moderation group. Members of that group can do nothing except read posts and download attachments. I show dimwits no mercy.
Scripts for manual trade closure and deletion
You will find yourself often closing entire positions manually. The attached zip file contains 4 scripts that go in your Scripts folder:
- Nuclear option: first closes all market trades and then deletes all pending trades on all pairs, that share the same MagicNumber.
- Close all trades this pair only: does the same as the Nuclear version, but only on the chart it is dragged onto.
- The same two scripts as above, but with "FIFO" added to the title. These are for our friends in the US who have to put up with those ludicrous FIFO rules, and who lack the sense to find a broker that has got around them.
HGBnG Order Sending Script
This is for those of us monitoring their trades whilst away from the computer that does the trading. You can send immediate market trades and all types of stop order. Make sure your inputs are the same as those HGBnG is using. There are no TP or SL inputs - let HGBnG do that for you.
Experimental version
The experimental version has three trading systems:
- Hedged_Stop_Orders_Only: this is the original Stop_Orders_Only system that CE asked me to code what feels like a lifetime ago: a grid of buy stops above and sell stops below the market price.
- Non_Hedged_Stop_Orders_Only: this is a new system.
- Stop_And_Limit_Orders.
Position Monitoring Indi
This is for those of you monitoring your trades from a different machine to the one that is doing the trading. It shows the open position in the same way that HGBnG does.
Have fun Gals and Ungals.
Manual intervention
To those of you with the occasional firing brain cell who are not too stupid and lazy to take any notice of anything I write: congratulations on reading this bit. You are in a minority. Read this post:
http://www.stevehopwoodforex.com/phpBB3 ... 77#p119077 You will not be sorry that you did so.
HGI and so-called 'repainting'
Members new to all this have difficulty grasping the implications of this deceptively simple fact: The Holy Grail Indicator works in the here and now:
- what happened on the previous candle is irrelevant.
- what happened 5 minutes ago is irrelevant.
- what happened on the previous tick is irrelevant.
It is not. When loaded, it cannot print a signal for trading conditions that do not exist. The fact that they existed 5 minutes ago is irrelevant; the indi works in the here and now and cannot know that they existed 5 minutes ago? 'Historic' signals are on the chart because the conditions that created them were still in place at the candle close; there is no way of telling how early in the development of that candle those conditions first came into being.
Got it? Tough if not because I do not care. What I do care about is being dragged here to read yet another whinge about 'repainting' by a dimwit too thick to understand the basic concept of 'here and now'. I shall delete posts about it - along with the writer if I am in a bad mood. Sorry to sound harsh, but I am doing some 'heading off at the pass' here.
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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