We all know that Slopey Peaky Bob is a slow and steady profitable EA. Trading him takes a lot of patience as trading baskets can hang around for weeks before going anywhere.
This thread is about other combinations of using CSS and Peaky as the trade direction finder, then a different indi to trigger a trade. You can read about them further down.
Several months on, I have been able to run c.14 demo accounts courtesy of Eaymon's fantastic VPS - details at viewtopic.php?p=156450#p156450 I have come to some conclusions re the members of the SPB tribe.
Slopey Peaky Bob's Candle Power is a superb I-am-right-or-I-am-out autotrader. I have him on a live trading account.
The rest of the tribe apart from the original SPB are not worth investigating further. Some were outright failures. Several others made profits but so slowly that they were not worth investing in.
So, the two profitable members of the tribe are:
- Slopey Peaky Bob Original Version: viewtopic.php?p=159559#p159559
- Slopey Peaky Bob's Candle Power: viewtopic.php?p=167836#p167836
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Here is post 1 before I locked this thread.
Many of us are trading Slopey Peaky Bob live. 16 months old at the time I write this, SPB has become the Gold Standard of auto-trading EA's.
We have become aware of the power of the Super Slope and Peaky indicator combo. SS gives us the overall strength of a currency. Peaky highlights the power of the universal trading principle of: buy low; sell high.
I had an idea last week. What if we use the SS/Peaky combo as the trade setup, then use something else as the actual trade trigger? I coded a bot that uses Fractals to identify swings high/low and then trade in the direction shown by the SS/Peaky combo.
Then it occurred to me that it I could shuffle the code around so that it would be easy for members with a modest coding ability to add their own trade triggers. I did so and have created the attached pdf - "Adding Your Own Trade Trigger.pdf" to explain how.
So was born a new family of SPB EA's. The basic engine is SPB, so all you need to do is add your own fav trade trigger.
The only difference between members of the new family is the trade trigger, so this is the only thingy that needs explanation. Everything else is explained in SPB's User Guide.
These are the members of the family so far. Play with them to your heart's content.
viewtopic.php?p=167835#p167835 uses Fractals to identify the latest swing as the trade trigger
viewtopic.php?p=167836#p167836 uses a retrace of x candles as the trade trigger
viewtopic.php?p=167850#p167850 uses Bob's HGI as the trade trigger
viewtopic.php?p=167869#p167869 uses Stochastics as the trade trigger
viewtopic.php?p=167880#p167880 uses Bollinger Bands as the trade trigger
viewtopic.php?p=167909#p167909 uses a swing >= the Mean average of 100 swings
viewtopic.php?p=167916#p167916 uses a retrace from the daily open price as the trade trigger
viewtopic.php?p=167984#p167984 uses the cross of a moving average as the trade trigger
http://www.stevehopwoodforex.com/phpBB3 ... 33#p168333 uses and increase in tick volume as the trade trigger
http://www.stevehopwoodforex.com/phpBB3 ... 52#p168352 is SPB without Peaky. The trigger is the LTF SS
viewtopic.php?p=168556#p168556 uses a Flying Buddha as the trade trigger
http://www.stevehopwoodforex.com/phpBB3 ... 75#p169275 sends initial buy and sell trades then uses the scale out stop loss from Desky to gradually close out the unsuccessful trade.
Note that the trade trigger indi is not displayed on the dashboard. The trigger is only relevant at the time it fires a trade so leaving it out saves having to muck around with the display code.
Coders, feel free to start threads with your own versions. I will add links to them here. Maybe one of them will topple SPB from its Gold Standard position.
Bear in mind folks that SPB can operate as a TDesk/Desky drone - details at viewtopic.php?p=159559#p159559 It is up to you to decide whether that approach is more productive than adapting SPSB to your trade trigger. The world is your oyster right now.
PROGRESS REPORTS
See post 2 for progress reports on my demo accounts.
SCALE OUT STOP LOSS
Remember that you need the "SPB core library.mqh" Include file from http://www.stevehopwoodforex.com/phpBB3 ... 59#p159559 in your platform's /Include folder.
These are the tribe members with the scale out stop loss function:
- Candle Power
- Bandy
- Flying Buddha
- Holy Graily
- Moving
- Pippy
- Stochy
- Swingy
- Rangy
- Volume
- Unpeaky