Have fun.
Nothing new from me this week.
Tommaso has just reminded me that the US is on a bank holiday tomorrow, so do not expect a lot of movement during the NY session.
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EA's that members are trading live and profitably
These are the ones I know about. Contact me if yours should be in this exclusive group and I have missed it out. It will never be a large section.
Before you use them there are a few points you MUST understand, grasp and learn to live by:
1) There is an unbreakable, unshakable and unavoidable rule of retail forex trading and it is this: if it can happen and it is bad for you, then it will happen, and probably sooner rather than later.
2) You will have losing days.
3) You will have losing weeks.
4) You will have losing months.
5) The only thing that matters is that the equity curve rises over a longer period of time than most of you possess the ability to concentrate for.
6) You need balls of steel to trade Forex. 2), 3) and 4) will sort you out rapidly if you are a wimp.
7) Never trade with funds you cannot afford to lose. You will be desperate to succeed and fear will cloud your judgement. Guess how I know? Guess why I am so relaxed about trading these days. Only a cretin trades with the pension pot or remortgages the house in order to do so.
Dottybot
http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=4759
Holy Graily Bob 'n Grid
http://www.stevehopwoodforex.com/phpBB3 ... =87&t=4525 I have locked the thread out of irritation at members demanding earlier versions, but the EA is still there and I will continue to post updates if the need arises.
Rinse 'n Repeat: read the paragraph in post 1 for my trading recommendations.
http://www.stevehopwoodforex.com/phpBB3 ... 28#p139328
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Absolute must-read post by Bill. http://www.stevehopwoodforex.com/phpBB3 ... 83#p127883 This is breathtaking stuff and we are being handed it for free. Magic, Bill.
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Gold Mine Threads
These are the threads that I am familiar with whose participants are consistently making profits.
Manual trading threads:
In addition to Bill's thread that I featured earlier:
Bob's (nanningbob) Holy Grail Indicator
People are making a bomb out of the Holy Grail Indicator. Bob has come up with a concept that tells use when to trade and exit, and when not to trade. Elixe and milanese have coded this into an indicator, coding which is breathtaking in its scope and execution. Visit Bob's Holy Grail Indicator thread at http://www.stevehopwoodforex.com/phpBB3 ... 44#p105044 right now. Immediately, Go. Now.
HGI has revolutionised trading. All we have to do is react to its signals. Visit the relevant chart when you hear an alert and do what HGI tells you to do. An infant could trade with this indi.
Renexxxx has a great-looking Matrix at http://www.stevehopwoodforex.com/phpBB3 ... 62#p105462
So guys, not only do we have Bob's amazing HGI but we have fabulous tools to help us use them (including some automation – see below). Try them out and see what works for you.
Bill's (boldtrader) FX1DO
http://www.stevehopwoodforex.com/phpBB3 ... 427#p96427 Bill is a highly successful professional trader whose experience and kindness is benefiting countless traders here.
CJ's 'The Captains Chest - Naked Trading & Other Stuff'
This is all about trading pure price action, without the usual panoply of lagging indicators. CJ has been doing this stuff for years.
http://www.stevehopwoodforex.com/phpBB3 ... 184#p44184
Don't forget to keep up with jedrula's fantastic software development to help you with your naked trading - http://www.stevehopwoodforex.com/phpBB3 ... 01#p135301
A wonderful combination of trading CSS, HGI and Semafor at http://www.stevehopwoodforex.com/phpBB3 ... =88&t=4720 RisklessPips will show you some great ideas. Charles is showing us some amazing stuff that other members are running with. You would need to try really hard to lose money trading this way.
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EA's:
Holy Graily Bob 'n Grid. Allies HGI with grid trading – intensely powerful when the market moves strongly. http://www.stevehopwoodforex.com/phpBB3 ... =87&t=4525
Pipcruiser's Pipmasher on Steroids
A pure price action EA that Pipcruiser paid me to develop initially but generously shared it with our members. It is my EA of choice for live trading on my Global Prime account. http://www.stevehopwoodforex.com/phpBB3 ... 44#p114044
Committed PPoS users might care to visit Angat's thread at http://www.stevehopwoodforex.com/phpBB3 ... 67#p116767
Holy Graily Bob – the mark 2 version
This was my EA of choice until PPoS proved to be even better and we fixed HGB mk 1 until we broke it. http://www.stevehopwoodforex.com/phpBB3 ... 61#p116761
US citizens, check out spgandau's thread at http://www.stevehopwoodforex.com/phpBB3 ... 60#p117460. He has come up with ways of getting around the absurd FIFO rules.
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Keep looking at these from previously:
ALR starting at http://www.stevehopwoodforex.com/phpBB3 ... 504#p94504 This one has its own sub-forum so watch out for goodies emerging from there.
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There is a thread where we can keep track of where to find those really useful bits of software again when we lose them: http://www.stevehopwoodforex.com/phpBB3 ... =21&t=4643. Please let me know if you have a favourite that can help members – doesn't have to be an SHF product.
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Tommaso and I have created a shell EA that coders will be able to use to produce quick and easy auto-traders incorporating their fav indicators etc. You can find this at http://www.stevehopwoodforex.com/phpBB3 ... =37&t=3565
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Tommaso has started a Knowledge Base that will gradually evolve into a fabulous resource. Access it by clicking the KB icon from anywhere within our forum.
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Brilliant news for coders who are fans of w633's scite crqp ql4 editor and have missed it since the Cretins at Crapperquotes foisted their 600+ builds upon us and it was no longer usable – it is back. http://www.stevehopwoodforex.com/phpBB3 ... 90#p119990
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Bob's 10.6 thread at http://www.stevehopwoodforex.com/phpBB3 ... 454#p80454 is fantastic. Bob is transforming the trading practices of a lot of previously unsuccessful traders.
10.6 has been superseded by 10.7; it still has validity and is still worth reading about. Read 10.7 first, then return to see what you can gain from 10.6
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Official SHF broker
Global Prime. Not just the 'Official' broker (cos we all know what a multitude of crimes this can cover) but my broker. I am happy that GP continues to offer the transparent and honest service they advertise athttp://www.stevehopwoodforex.com/phpBB3/viewto ... =52&t=1394 They received a rave review from a new client with specialised needs – read it athttp://www.stevehopwoodforex.com/phpBB3/viewto ... 585#p85585 Newbies, you will be labouring under the misapprehension that most so-called 'brokers' really are brokers. They are not, and are out to separate you from your cash. Read about their tricks at http://www.stevehopwoodforex.com/phpBB3 ... =52&t=1475
Useful tip for keeping your Empty4 installation tidy:
http://www.stevehopwoodforex.com/phpBB3 ... 300#p74300 Quick and easy to do.
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Reported broker scams
Some brokers are even more criminal than the worst we have come across. Read about them at http://www.stevehopwoodforex.com/phpBB3 ... m.php?f=72
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Absolute no-no's
These will build/have built up over the course of time.
- at some stage, every newbie trader will become excited by Martingale. To avoid a bollocking from me, read http://www.stevehopwoodforex.com/phpBB3 ... f=16&t=550 before you post about it. Even the most dimwittedly ardent exponent of this lunacy eventually stopped posting – he lost all his cash.
- Anyone trading with TheCollectiveFX needs to read Dewey's post at http://www.stevehopwoodforex.com/phpBB3 ... =72&t=3651 Anyone considering opening a live account needs to think again, for the time being at least.
