Rinse 'n Repeat

Post by **SteveHopwood** » Fri Apr 01, 2016 10:22 am

SERIOUS WARNING

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.

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.

Rinse 'n Repeat is an attempted automation of the flowchart in the pdf. The pdf is Brewsters understanding of the trading method posited by Remon. Remon has little English. Neither Brewster nor I have any Egyptian. I am just hoping that we accidentally collide somewhere in the middle and something useful emerges.

Remon has developed a breathtaking simulator for the method, available at http://www.stevehopwoodforex.com/phpBB3 ... p?id=60161 Play with it to get a feel for the trading method. It is unbelievable programming, and great fun. Remon added this note: Note:
"If Anyone Got Any Runtime Error (In The Simulator), Just Install Microsoft Office 2003 Or Previous Version To Complete The Missing Dll Files."

Here is how RnR trades:

Starting with no open trades, we establish a base line price and RnR draws a dotted yellow line at that point. If the market rises by DistanceBetweenTradesPips, RnR takes a buy and redraws the line at the price of the new order; this becomes the new base line price. If the market falls by DistanceBetweenTradesPips, RnR takes a sell and redraws the line at the price of the new order; this becomes the new base line price.
Once a trade is open in either or both directions, RnR takes a new buy trade every time the market rises above the highest buy price by DistanceBetweenTradesPips, and a new sell trade every time the market falls below the lowest sell price by DistanceBetweenTradesPips.

RnR has four trade closure methods. Taking the buy side of the equation as an example and with DistanceBetweenTradesPips set to 20:

A simple offset of the loser at the top by the biggest winner at the bottom. Imagine there are 4 market buys and that no 4 has just opened:
- No 4, the top, is the spread in the red.
- No 3, is 20 pips in the green.
- No 2, is 40 pips in the green.
- No 1, the lowest, is 60 pips in the green.
- Imagine the market retraces and the latest buy at the top of the pile is DistanceBetweenTradesPips in the red. Now the position is:
  - No 4, the top, is the 20 pips in the red.
  - No 3, is at breakeven.
  - No 2, is 20 pips in the green.
  - No 1, the lowest, is 40 pips in the green.
- The top trade is -20. The bottom trade is + 40. Close them both and net 20 pips.
Offsetting a losing buy against a winning sell. Imagine that there are less than 4 buys open - let's say two, and the top one is DistanceBetweenTradesPips in the red.
- Look for a sell trade that is exactly DistanceBetweenTradesPips in the green. Close both the buy and the sell for the loss of the spread and commission.
Offsetting the losing buy against the winning sell position. Close the buy and all the sells if the cash profit on the sell position is greater than that of the losing buy. This might benefit from being modified to exactly as described in the flow chart. I have gone down the blunderbuss route for ease.
Optional basket closures:
- The position is hedged: close all trades when the overall profit reaches HedgedBasketPips. A zero value turns this off.
- The position is not hedged i.e. all the trades are either buys or sells: close all trades when the overall profit reaches ClearBasketPips. A zero value turns this off.

Trading this way looks pretty safe whatever value you input for DistanceBetweenTradesPips, so play and find what suits you best. Don't use RnR on a live account just yet. He needs a few days on demo to throw up programming glitches.

Have fun folks.

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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Post by **SteveHopwood** » Wed Apr 06, 2016 4:34 pm

Forget everything that has gone on before folks. Bruster has sent me stuff that makes the method crystal clear. It has the simplicity of genius and is stunning.

I have a lot more teaching this week and so a lot less time for coding. I will have a workable new RnR in time for next week.

Post by **Gertje** » Wed Apr 06, 2016 4:36 pm

SteveHopwood » Wed Apr 06, 2016 4:34 pm wrote:Forget everything that has gone on before folks. Bruster has sent me stuff that makes the method crystal clear. It has the simplicity of genius and is stunning.

I have a lot more teaching this week and so a lot less time for coding. I will have a workable new RnR in time for next week.

Post by **remon78eg** » Wed Apr 06, 2016 4:58 pm

I'm About To Release The Video Part3,
It Is Improve Of This Strategy,
It Open Sell When Price Go Down And Close Buy Trades On Zero Loss, (just spread loss)
Open Buy When Price Go Up, And Close Sell Trades In Zero Loss (just spread loss)

When Hedge It Only Open its Trades In Memory Only To Gain Spread Loss

This Is A Simulation For This New Strategy Development

Post by **TraderJoeForex** » Wed Apr 06, 2016 5:15 pm

SteveHopwood » Wed Apr 06, 2016 4:34 pm wrote:Forget everything that has gone on before folks. Bruster has sent me stuff that makes the method crystal clear. It has the simplicity of genius and is stunning.

I have a lot more teaching this week and so a lot less time for coding. I will have a workable new RnR in time for next week.

Thank you Steve and really appreciate the time you are dedicating to this. Just sent the thank you to Paypal for you too

Post by **SteveHopwood** » Wed Apr 06, 2016 5:15 pm

remon78eg » Wed Apr 06, 2016 4:58 pm wrote:I'm About To Release The Video Part3,
It Is Improve Of This Strategy,
It Open Sell When Price Go Down And Close Buy Trades On Zero Loss, (just spread loss)
Open Buy When Price Go Up, And Close Sell Trades In Zero Loss (just spread loss)

When Hedge It Only Open its Trades In Memory Only To Gain Spread Loss

This Is A Simulation For This New Strategy Development

Remon, I salute you. Yours is the thinking of a genius.

------------------------------

Guys, wait until you see the details and play with the simulator. No point in hanging on to your socks - they are going whatever you try.

patrick93 · Post by **patrick93** » Wed Apr 06, 2016 5:49 pm

For the guys who do not follow the thread on FF.com, here's the simulator:
http://www.forexfactory.com/showthread. ... ost8857294

Post by **Zennor** » Wed Apr 06, 2016 6:21 pm

Steve I've been playing with the simulator all afternoon and for the life of me I just cannot break it.. Try as I may..

Kudos to you and Remon :hi: :hi:

Post by **cyberevil** » Wed Apr 06, 2016 6:37 pm

SteveHopwood » April 6th, 2016, 9:15 am wrote:
remon78eg » Wed Apr 06, 2016 4:58 pm wrote:I'm About To Release The Video Part3,
It Is Improve Of This Strategy,
It Open Sell When Price Go Down And Close Buy Trades On Zero Loss, (just spread loss)
Open Buy When Price Go Up, And Close Sell Trades In Zero Loss (just spread loss)

When Hedge It Only Open its Trades In Memory Only To Gain Spread Loss

This Is A Simulation For This New Strategy Development
Remon, I salute you. Yours is the thinking of a genius.

------------------------------

Guys, wait until you see the details and play with the simulator. No point in hanging on to your sock - they are going whatever you try.

What did I tell you Steve? The man has something to offer...

Welcome remon78eg! You'll get much more productive feedback here compared to FF. I can honestly say that here and your EA will be developed by master coder himself!

Post by **SteveHopwood** » Wed Apr 06, 2016 6:42 pm

The attached zip file holds the simulator.

The pdf holds a flow chart of the method. Both sent to me by Bruster earlier. Enjoy.

I have already started on the EA. I will take my time with it.