- 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.
- Super Slope from http://www.stevehopwoodforex.com/phpBB3 ... 101&t=4888
/viewtopic.php?p=142851#p142851 - Peaky.
- My peak hilo indi. I have attached the indi and a pdf explaining what it does.
- TDesk. I added the ability to send signals to TDesk in case anyone finds it useful to do so - I do not use this facility and you can safely ignore it. I have written a getting started guide for those of you who are interested, at http://www.stevehopwoodforex.com/phpBB3 ... 90#p163890
This goes in your platform's /Include folder and is an essential component. No member of the SPB tribe will work without it.
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 is in the user guide. Kopan has presented a version especially for US traders - http://www.stevehopwoodforex.com/phpBB3 ... 104&t=5480.
I am trading this bot on my live trading accounts. Go to the end of this forum and read upwards to see how some of us are doing.
I have made some recommendations for lot sizes in relation to account size in the user guide. Be patient. Save for a decent account whilst you run SPB on demos to get a feel for how he trades. Get greedy and you will blow your account.
There are two indicators coded by Rene attached:
- DrawClosedTrades cycles through the trades in our History tab and plots them on a chart.
- DrawOpenTrades does the same but with open market orders.
It is possible to set up SPB to work with TDesk/Desky and TDesk-compatible indicators. The attached "Setting up SPB to work with TDesk and Desky" pdf explains how. Thomas has sent us a TDesk template to get us started - "TDesk Template - SPB Family Dashboard.tpl" - also attached. SPB needs the TDeskSignals.mqh file in your platform's /MQL4/Include folder whether you are using TDesk or not, so download it from viewtopic.php?p=163522#p163522
PROGRESS REPORTS
I have been trading SPB for more than a year. See post 2 for details.
Edit on February 26th 2022
I started to experiment a few months ago, with treating each pair as an individual basket, aiming for a basket Take Profit of 100 pips. I went live on a tiny account in Nov 2021, then on a much larger account towards the end of January 2022. Profits have accrued steadily.
I have added the set file here - SPB.set. Go to the end of this thread and you can follow the live trading results I post each week.
Edit on March 5th 2022
Those of us who have been trading SPB since the start in Feb 2018 are familiar with this scenario: our whole position goes into draw down and remains there for months on end. Eventually the pain becomes too great and we close down, taking a considerable hit. Happily most accounts remained in profit and started to grow again.
I have reached the conclusion that it is best to close all open orders before the markets close on Friday night (Saturday morning for our friends in Upside Down Land), even if this means we take a hit. We can relax over the weekend and start again on Monday.
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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