- 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.
- celte83's trading method at http://www.stevehopwoodforex.com/phpBB3 ... =16&t=4432
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.
I am not going to write a lot here. Go to celte83's thread at http://www.stevehopwoodforex.com/phpBB3 ... =16&t=4432 to read the trading method, download the indi's and template etc. Trading methods do not come much simpler that this one. Nice one, celte83.
For now, demo Goosey with the defaults. Use the trade manager in celte83's V 3, but use the 'trade manager V3' setfile attached here.
Pop the attached, "Wilder's for EA" into your indicators folder. You do not need it on your charts - use celte83's template. Do the same with "DSS Bressert". The EA cannot work without it.
All the usual stuff is included. Ignore it for now unless you are familiar with it. The Shell User Guide describes the features should you fancy playing with them.
You will not go short of trades on the M15, so stick to the Majors and perhaps GJ for now. Set up the ea and let it run for a bit.
Manual trading
Do try tranding this system manually even if you can only do so for a couple of hours at a time. It is good fun.
DSS Bressert
These are inputs you need to make decisions about before becoming familiar with how Goosey works.
- DSS colour change:
- DssCloseOnColourChange: close a buy when DSS turns red, and a sell when it turns blur.
- MoveStopLossOnColourChange: instead of immediately closing the trade, move the stop loss to within a few pips of the previous candle's low (buy) or high (sell).
- DistanceFromHiLoPips: pips to add/subtract from the hilo when moving the stop loss.
- This indicator combines an EMA with Stochastic - no idea how because indi code makes my eyes cross. It looks like a bad idea to me to sell when the Stoch element is oversold, and buy when overbought. The two inputs DssOverbought/DssOversold apply a Stochastic-style filter, so Goosey will not buy above DssOverbought or sell below DssOversold.
- Turn off DssOverbought by setting it to 101.
- Turn off DssOversold by setting it to -1.
- SendPendingWhenObOs: this tells Goosey to send buy stop/ sell stop trades instead of immediate market orders, when there is a trade trigger but DSS is in the overbought/oversold areas. If this input is set to 'false', and PendingNotMarketTrades is also 'false', G will send immediate market trades.
- PendingBufferPips: the number of pips away from the market to set the pending price. You will receive an 'invalid stops' error if the pending price is too close to the market for your broker to allow the trade.
- PendingTradeExpiryMinutes: G will add this number of minutes to your broker's time and send it with the the pending trade as its deletion time. Disable expiry by setting this to 0.
DssCloseOnColourChange has its equivalents for the other three indicators: CloseOnDmifColourChange; NlmCloseOnColourChange; CloseOnBookDmifColourChange. These are enabled by default.
Change of signal stop loss move
DmiMoveStopLossOnColourChange tells G to move the stop loss to the hilo +- DistanceFromHiLoPips pips from the hilo of the previous candle when DMI changes colour. The other indicators have their equivalents.
Manual trade closure
I and a few others have seen many candles go to break even then retrace quickly to BE. Some of us have taken to stepping in quickly when we see a profitable candle start to retrace - a suggestion for you to consider.
Using Goosey as a manual trading aide
There are two versions of Goosey in post two here, to aid manual traders. Check them out to see if they are of use to you.
Pending trades options
There is a "Pending trades inputs" section where you can instruct Goosey to send buy stop and sell stop instead of immediate market orders:
- PendingNotMarketTrades: tells G to send pending trades instead of immediate market orders.
- PendingBufferPips: a buy stop is placed at the high of the previous candle plus PendingBufferPips. A sell stop is placed at the low of the previous candle minus PendingBufferPips.
- PendingTradeExpiryMinutes: sends the broker time plus this number of minutes with the stop order. The order will be cancelled after this period.
- PendingTradeAlert: if 'true', tells G to show an alert when there is a trade, and to email you with the alert if you have set up your platform to do this. Do not ask me how to set up your platform to send emails - I do not know.
- PendingTradeAlertPush: if 'true', tells G to send an alert to your smart phone if you have set up your platform to do this. Do not ask me how to set up your platform to do this - I do not know.
Jean-Francoise is French and so trades during the London/NY sessions. I suggest you use the Trading Hours feature to limit Goosey to these hours.
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.
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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