- 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.
Fibs
mer's trading methods described at http://www.stevehopwoodforex.com/phpBB3 ... 3064#p3064
- How to use EA's.
You should know that mer is a respected systems developer at FF, with a successful record of helping other traders. We are fortunate that he is contributing here.
So far, Syn only takes Regular trades following a break/touch of the D1 hilo. There are the usual sl/tp/mptm features, and the option to trail the stop by Fib levels, as described in mer's post 2, option B.
Other EA inputs
You will find descriptions of many of the inputs in the attached Shell User Guide. I wrote it for issue with bots I code in the future. Where you see inputs described that you do not see in the EA's inputs list, ignore them.
The Trading Styles section only has the Regular option so far, but I shall add to these as I code the features.
Indicator
You do not need the ohlc indi. Syn has the fib-drawing code in-house; I shall add to this as the need arises.
Overall trading direction
There is a panoply of trend-detection should you wish the direction of your trades to be in line with a trend. I have included Hanover and CBI.
Sunday candles
On Mondays, those of us whose crim has a Sunday candle want it ignored, so set CriminalHasSundayCandle to true.
In conclusion
Lots of development for this bot to do. Have fun.
Matters of general interest
Read this post:
http://www.forexfactory.com/showthread. ... ost4923611 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration. There is a thread devoted to Sam's trading method at http://www.forexfactory.com/showthre...25#post5118825
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.forexfactory.com/showthread. ... ost4431794, at the bottom of the post.
Useful utilities/EA's/scripts
MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at 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 ... p?f=5&t=15
