- 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 Holy Grail Indicator from http://www.stevehopwoodforex.com/phpBB3 ... 44#p105044
- You also need the hgi_lib.mqh in your Libraries folder.
- Thomas' multi time frame version of HGI from http://www.stevehopwoodforex.com/phpBB3 ... =27&t=5313.
- Moving averages should you decide to use this optional filter.
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.
This EA is inspired by Thomas' MTF version of HGI. You will see the stunning potential of his version as soon as you run it for the first time. Fantastic stuff, Thomas.
You do not need the indi on your chart, so leave it on whilst you are settling in with the EA, then remove it to save your CPU resources. HGBnT uses the hgi_lib library to make his calculations.
Trades are opened following a signal on the trading time frame, assuming that the higher time frames stack up. Trades are closed by HGBnT when:- there is an opposite direction signal.
- optionally, when a yellow wavy appears.
You will see Bob's Moving Average filter is available - it is part of the shell and I saw no need to remove it.
The attached Shell User Guide contains a description of all the usual inputs. Other inputs concern the signals to trade in the trading time frame section of the HGI inputs, then the choice of time frame for each of the HTF HGI's. There is one specific input that you need to understand, at the top of the "Higher time frames" inputs:- HtfMinimumAlignment: this is the number of higher time frames that must all have: a buy signal (green arrow or blue wavy with the market above the line) for a long trade; a sell signal (red arrow or blue wavy with the market below the line) for a short trade The default of 3 means that all three of the HTF's must show the same signals.
HGBnT starts by looking at the current candle for all its HTF signals, so these are subject to possible transient signals. Whining about this will get you into trouble. It will show me that you are too lazy and stupid to arm yourself with the requisite understanding of what HGI is about. I will eviscerate you and will be as rude as it is possible to be, for the sadistic entertainment of SHF members with brains.
There could be, and probably are, bugs in the code. We will squish them at the start of the week.
I have no idea whether this bot will have legs; it is an experiment. Suck it and see.
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
-