- 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.
- 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.
- The original Moving Day at viewtopic.php?p=169624#p169624
Rueben again. Everything is as Moving Day except for the trigger and the fact that there is no moving average, so download MD's user guide if you need info about the inputs.
As soon as MDA detects that the pair has no trades, he sends buy and sell stop orders 20 pips away from the market. He cancels the opposite stop order as soon as the other fills then adds the grid as usual.
The idea is to allow the market to decide in which direction we should trade, then take advantage of large moves in our direction. 5 days on demo have netted 12.3% gain trading 0.5 lot sizes and a global basket TP of $1,500.
There will be opposite direction stop orders sent for all the pairs you are trading. Once MaxPairsAllowed pairs have filled, all outstanding pairs of stop orders are deleted. They are replaced if a market order hits stop loss or take profit and off to the races we go again.
Rinse and repeat with the hope that all is done and dusted by mid afternoon on Friday and we can be flat for the weekend.
You can follow my demo if you want:
Login: 2186247
Investor: 0cnflnf
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
- http://www.stevehopwoodforex.com/phpBB3 ... =21&t=5190
- 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
-