- 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.
- Nanningbob 10.5
Introduction
Go and read up on Nanningbob's 10.5 (http://www.stevehopwoodforex.com/phpBB3 ... =38&t=1481) as well as the 10.5 trades (http://www.stevehopwoodforex.com/phpBB3 ... =38&t=2137) to get you started
Trading Method
The EA trades ONLY the daily pivots. It will open trades from the pivot nearest to current position till DR2 or DS2, you can change the setting if you wish, but generally trades stay within those range.
- 240MA: Buy above 240MA, sell below 240MA
- RSI: RSI needs to be pinned TOP for sell and pinned bottom for BUY
- CSS: H4 CSS and H1 CSS needs to be goldenrod or green to set pending buy, reverse for sell
Signal_Buy = Price > 240MA, RSI < RSILevelLow, CSS_H1 = Green, CSS_H4 = Green
Signal_Buy_Pending = Price > 240MA, RSI < RSILevelLow, CSS_H1 = Green or GoldenRod, CSS_H4 = Green or GoldenRod
Signal_Buy_CSS = CSS_H1 = Green, CSS_H4 = Green
Signal_Sell = Price < 240MA, RSI > RSILevelHigh, CSS_H1 = Red, CSS_H4 = Red
Signal_Sell_Pending = Price < 240MA, RSI > RSILevelHigh, CSS_H1 = Red or GoldenRod, CSS_H4 = Red or GoldenRod
Signal_Sell_CSS = CSS_H1 = Red, CSS_H4 = Red
Based on the Trade Signals, one of the following actions will be taken
----------------------------------------------------------------------------------------------------
| Signal Variable | Buy Trades | Buy Pending | Sell Trades | Sell Pending | Comments
----------------------------------------------------------------------------------------------------
| Signal_Buy | NA | Add | Close | Close | Strongest BUY signal
| Signal_Buy_Pending | NA | Add | Close | Close | Medium BUY signal
| Signal_Buy_CSS | NA | NA | Close | Close | CSS Based Buy Signal
| Signal_Sell | Close | Close | NA | Add | Strongest Sell signal
| Signal_Sell_Pending | Close | Close | NA | Add | Medium Sell signal
| Signal_Sell_CSS | Close | Close | NA | NA | CSS Based Sell Signal
-----------------------------------------------------------------------------------------------------
Trade Exit
TP is set to the next main Pivot, ie a trade at DP and DMR1 will TP at DR1
Important Things to Note
For demo accounts, TakeTrades will be automatically set to true, real accounts will honor the TakeTrades variable.
How to use this EA
If you have no idea, please go google or something.
Useful Scripts
Pretty obvious based on the filename...
Look at the comments for each of the variables for more detailed explaination
Changelog
.b
- Support Sunday Candles (update the LibCSS_Kwanann for this)
- Change TradeComment variable to a boolean AddTradeComment
- Add in DifferenceInPipsBetweenPending variable
- Add in LotsRiskPercent based on SL
- Add in ExcludeFreeMarginAmount
- Add in MinSL, MaxSL
- Add in S3 and R3
.c
- Fixed bug in PivotLevelToString where it was reporting the wrong level (due to the new S3 and R3 levels)
- Added a very BIG label at the bottom right to show the trade signals, e.g (B)321 (S)1, 3 - strong buy signal, 2 buy pending signal, 1 buy css signal
- Updated the objPrefix so that it doesnt go and create too many things on the chart
- Added check so that checkSignal is only called when it is completed, this can be the cause of (a)
- Added debug info in comments to try and figure out (b)
.d
- Added in validation checks for LotsRiskPercent
- Use variable SPending_CssUseClosedBar, SCSS_CssUseClosedBar
- AddOrdersOnMidPivots = true;
- Added NoTradeAboveSLPips
.e
- Fixed bug, instead of SELL STOP i enter BUY STOP
.f
- Put all the coding together in one file, no need the LibCSS_kwanann anymore
- Modified 10.5 CurrencySlopeStrength 1.0.7d for use for the EA, named CSS_kwanann
.g
- Now need LibCSS_Kwanann again
- Added global market trend filter
- sell bug fixed
.h
- Removed iCustom
- Use Baluda's latest libcss
.i
- Allow you to choose which one you want to use, indi or lib
LATEST VERSION IS i
Play around with the UseIndi to see which works for you, if UseIndi=false does not give you goldenrods, go and use them, if it does, then you are stuck with the ICustom calls which does generate a fair bit of CPUextern bool UseIndi = false;
One important thing to note, the EA is using 1.0.8 which seems to calculate differently from 1.0.7 (refer to the screenshot of EU)
