- SERIOUS WARNING
- 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. Remember to set CriminalIsECN to 'true' if your crim insists on two-stage order sending.
M15 timeframe.
buy when Stochastic or RSi has left over sold, into the main trend
sell when Stochastic or RSI has left over bought, into the main trend.
There are three options:
extern bool TradeStoch =true; <== trade the stochastic.
extern bool TradeRsi = false; <== trade the Rsi.
extern int TradeTimeFrame=15; <== timeframe to trade.
You also have the option to trade without the trend filter turned on(FollowTrend).
D1 timeframe.
Best to trade with FollowTrend switched off.
I have found M15 and D1, the only timeframes that work so far, so we can keep testing.
Updates
version 1.06:
Will only manage trades owned by this EA.
Added: Profit lock, so now has the ability to lock in pips at a specific target pips.
Added: UsePartClose, the ability to specify the amount of pips to close half the trade or can be calculated by ADR.
version 1.07:
Fixed, where the EA would take another trade if lot was not the same.
Should work with ECN crims now.
Added, AnotherTM = false;, which turns management off, in order for you to use another management EA.
Added a new partial close function.
Default settings are set for daily trades.
