- 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 _ viewtopic.php?p=161246#p161246.
- A Flying Buddha (explained below).
- 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
You need the "SPB core library.mqh" file in your platform's Include folder. Download it from viewtopic.php?p=159559#p159559
A Flying Buddha is a signal that the market could be set to resume the overall trend after a retrace. It has three elements:
- A 5 period moving average.
- A 10 period moving average.
- The previous candle.
- Buy signal:
- 5 MA is below the 10 MA.
- The previous candle traded entirely below the 5 MA.
- Sell signal:
- 5 MA is above the 10 MA.
- The previous candle traded entirely above the 5 MA.
By default, SPFBB trades thus:
- Buy:
- D1 and H4 SS must both be > 2.
- H4 Peaky must be long.
- The previous candle must have generated a FB signal, indicating a substantial retrace against SS and Peaky.
- Sell:
- D1 and H4 SS must both be < -2.
- H4 Peaky must be short.
- The previous candle must have generated a FB signal, indicating a substantial retrace against SS and Peaky.
I have been running SPFBB for two weeks at the time of writing this. He lost a little last week, then clawed this back on Tuesday when he closed a Recovery pair. The open position is currently +681 pips.
Early days, but I regard this as a promising bot because it obeys the principle of trading after a strong retrace in the 'wrong' direction. We shall see.
You can find all the usual inputs etc described in the Slopey Peaky Bob user guide. The Flying Buddha inputs correspond to those of Swing Man's inputs apart from FbCloseOnOppositeFB.
Give it a go and see what happens.
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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