- 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.
- Hedging
- Basket trading
I noticed this on an Afterprime demo: Lots of zero spreads mean that simultaneous buy and sell orders can be placed at the same price. There were never more than 2 points in between the orders even when the timing did not quite work out.
Open a hedged pair of buy and sell orders. Place a grid of 10 buy and sell stops then wait for the market to do its thing. Treat each pair as an individual basket and close the orders at a set profit target. One side will eventually overwhelm the other even when a ranging market fills a number of stop orders on both sides.
I dropped the initial market orders after a while so here is what Spready does:
- Wait for a zero spread event then:
- Send a grid of x (default 10) stop orders x pips from the market(default 20).
- Monitor the position awaiting the opportunity to close at the basket cash TP target. Set this target to lot size multiplied by 10, so the default lot size of 0.1 gives a $100 profit target.
This is an experiment and I cannot believe it has not been tried before; we shall have to try it and see. The demo is up 35% since starting and so looks promising.
I have included a couple of scripts to aid manual closing. The Nuclear Option script sets a flag during its operation, that Spready spots and waits for the flag to disappear before carrying out further operations.
Try Spready out and see if she works for you.


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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