Holy Graily Bob's Candle Power

Post by **SteveHopwood** » Sun Sep 10, 2017 10:25 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.
- Bob's Holy Grail Indicator from http://www.stevehopwoodforex.com/phpBB3 ... 44#p105044
- Super Slope from http://www.stevehopwoodforex.com/phpBB3 ... 101&t=4888
- Moving averages
- My Peak Hilo indicator from http://www.stevehopwoodforex.com/phpBB3 ... 51#p142851

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.

Everything you need to know about this EA is in the user guide.

Attached is a setfile that marx64 is using successfully - explanation at http://www.stevehopwoodforex.com/phpBB3 ... 71#p158071

Remember that the hgi_lib.ex4 that the user guide tells you to download is time-limited and will expire from time to time. Read this post for some more information: http://www.stevehopwoodforex.com/phpBB3 ... 50#p158691

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 **thomasmore** » Mon Sep 11, 2017 8:49 am

Hi Steve,
Launched this morning on M5, EURUSD,GBPJPY and EURNZD.
It places BuyStop ans SellStop as it should.
Do I understand it correctly that as soon as either of the pending orders is filled, the other should be cancelled ? Or, the unfilled order sits there until a new set of BS/SS is placed?
Best regards,
Thomasmore

Post by **SteveHopwood** » Mon Sep 11, 2017 10:54 am

thomasmore » Mon Sep 11, 2017 8:49 am wrote:Hi Steve,
Launched this morning on M5, EURUSD,GBPJPY and EURNZD.
It places BuyStop ans SellStop as it should.
Do I understand it correctly that as soon as either of the pending orders is filled, the other should be cancelled ? Or, the unfilled order sits there until a new set of BS/SS is placed?
Best regards,
Thomasmore

Unfilled stop orders sit there until they are replaced at the open of the next candle.

Post by **Wavegarrick** » Mon Sep 11, 2017 1:56 pm

A nice piece of work

,

Thanks Steve, I am encouraged by the first days results.

Cheers
Leon

Post by **SteveHopwood** » Mon Sep 11, 2017 8:03 pm

Mine closed its fourth M5 GJ $10 hedged basket of the day a while ago. This is fun.

You guys might want to set MinMinutesBetweenTradeOpenClose to zero. A stop order can fill when the market is moving quickly in a favourable direction, then a basket can close less than a minute after the order filled, generating a 'possible rogue trade' and causing the bot to hang up its hat. This happened to me twice today.

Post by **szfxtrader** » Mon Sep 11, 2017 10:31 pm

SteveHopwood » Mon Sep 11, 2017 8:03 pm wrote:Mine closed its fourth M5 GJ $10 hedged basket of the day a while ago. This is fun.

You guys might want to set MinMinutesBetweenTradeOpenClose to zero. A stop order can fill when the market is moving quickly in a favourable direction, then a basket can close less than a minute after the order filled, generating a 'possible rogue trade' and causing the bot to hang up its hat. This happened to me twice today.

Thank you very much for sharing it. Could you please let me know if your 0.1 lot size is worth a dollar or ten cents per pip? Thank you in advance for your reply!

Post by **SteveHopwood** » Mon Sep 11, 2017 11:04 pm

szfxtrader » Mon Sep 11, 2017 10:31 pm wrote:
Thank you very much for sharing it. Could you please let me know if your 0.1 lot size is worth a dollar or ten cents per pip? Thank you in advance for your reply!

No idea. Don't care. Perhaps Jeremy can tell you. I trade what is safe on my account.

Guys, everything I post regarding lot sizes reflects either what I am trading live or what I am trading on demo with GP. I neither know nor care what happens when trading with the criminals. Nor do I know nor care whether a pip is worth a dollar, a cent, a pound, a punt or the national currency of a tiny but yet to be discovered nation on an asteroid in the Kuiper belt.

I know that you cannot all be Global Prime clients and my heart bleeds for you. Anybody who can be a GP client but is not yet; you are an idiot.

Post by **szfxtrader** » Mon Sep 11, 2017 11:10 pm

SteveHopwood » Mon Sep 11, 2017 11:04 pm wrote: No idea. Don't care. Perhaps Jeremy can tell you. I trade what is safe on my account.

Guys, everything I post regarding lot sizes reflects either what I am trading live or what I am trading on demo with GP. I neither know nor care what happens when trading with the criminals. Nor do I know nor care whether a pip is worth a dollar, a cent, a pound, a punt or the national currency of a tiny but yet to be discovered nation on an asteroid in the Kuiper belt.

I know that you cannot all be Global Prime clients and my heart bleeds for you. Anybody who can be a GP client but is not yet; you are an idiot.

Post by **szfxtrader** » Tue Sep 12, 2017 8:25 am

Good morning Steve,

What do you think about a minimum candle size check before the open of the pending orders?

Example: if the high - low of the last candle is < 10 pips then the EA will not send the pending orders

Post by **SteveHopwood** » Tue Sep 12, 2017 8:45 am

szfxtrader » Tue Sep 12, 2017 8:25 am wrote:Good morning Steve,

What do you think about a minimum candle size check before the open of the pending orders?

Example: if the high - low of the last candle is < 10 pips then the EA will not send the pending orders

Don't need it.