Slopey Graeme: another pipEasy-inspired trend trading EA

[SteveHopwood]

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.
    - English.
    - Nanningbob's 10.2 Slope indi
    - This post: http://www.forexfactory.com/showthread. ... ost3899196

I am not yet trading this EA on my live account, and probably never will, but who knows?

This is Graeme's second incarnation following abandonment. Read this post http://www.stevehopwoodforex.com/phpBB3 ... 172#p22172 for an explanation of his rebirth.

Introduction
Ehup Gals and Galesses. This is another one we have Chong to thank for. Chong brought this post to my attention a few weeks ago: http://www.forexfactory.com/showthread. ... ost3899196. Graeme's (pipEasy) makes his system crystal clear in this post.

This EA is named in honour of pipEasy; it trades my understanding of his system, with a few modifications:

• - Trade in the direction of the current trend, as indicated either by Slope or your choice via the OverallTrend input, if both the Slope time frames are set to zero..
  - Persuading the Utter Crap Empty4 platform to accept simultaneous trades is impossible. Instead, G sends a single trade with a lot size divisible by 2. There is no idiot checking here, so it is up to users to make sure their lot size can be divided.
  - As each new trade opens at the next .00 level, close half the previous trade and move its stop to BE.
  - 100 pip jumping stop to lock in more profits at each successive level. Eventually, a decent retrace will take out the entire position.

Round numbers
G will look to send trades at each 'round' number e.g. 1.31000, 1.32000, 1.33000 etc

Big numbers
These are powerful and the market can have trouble breaking through them. Taking my 'round' numbers example, the 'big' numbers are 1.3000 and 1.4000. G offers the choice of sitting these out (TradeBigNumbers input).

Shell user guide
This contains a description of the common functions in my EA's. It is intended for coders to adapt to an EA they have developed from my Generic EA generation code, and so will appear a little strange in places. Where the guide describes an input not available in G, then ignore it.

Stealth
G operates with full Stealth capability. Stops are represented by dashed lines HiddenPips away from hard stops. The tp line is drawn only when the initial trade is sent. Once it is hit and the trade half-closed, it disappears for good.

In conclusion
I have put a lot of work into developing this EA. Set G up on a dedicated demo, drag him onto as many charts as you can open, select your fav mix of trend-detection and let him run.

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

[alex_forex]

Another one...it never stop

Demo ready for Monday

Alex

[spyderman]

Thanks again Steve for another Gem. Love Pipeasy's thread. Will give this a swing.

[Alpenkorps]

Thanks Steve (How many times I've said this? Lost count anyway!!) .. It sure looks interesting.

The method is regular anti-martingale with a option of free leg/stacking as I understand it. Account will eventually face some massive draw-downs if price keep ranging in a 100 pips box, and since the round numbers are very good support and resistance levels, you better watch out about it.

I'll fire-up my crappy Empty4 backtester, time to play

[Herman]

THANKS Steve!

[Alpenkorps]

I am probably doing something wrong, but it looks like the EA doesn't trade when trend detection is disabled.

Steve could you please look into it?

Also, as original system says, we are supposed to double lot size when first trade goes wrong. If this second trade goes wrong too, will we increase lot size again and keep increasing it until profit made, or take the loss?

[SteveHopwood]

I am probably doing something wrong, but it looks like the EA doesn't trade when trend detection is disabled.

Steve could you please look into it?

Which bit of this from post 1 is causing you difficulty?
"This EA is named in honour of pipEasy; it trades my understanding of his system, with a few modifications:

- Trade in the direction of the current trend."


I know there are a handful of multi-syllable words in there, but I thought I had kept it simple enough for people. You explain to me how a trend-trading ea is supposed to trade if the dummy using it turns off trend-detection.

People find various idiotic ways of killing an EA, but yours is a classic; turning off the central feature is original, and I salute you for it. That is class. I leave you to work out for yourself why users have the ability to turn off automatic trend detection. If in doubt, read the damn user guide.

Also, as original system says, we are supposed to double lot size when first trade goes wrong. If this second trade goes wrong too, will we increase lot size again and keep increasing it until profit made, or take the loss?

You Martingale if you want to; I am not going to, nor will the EA.

[Alpenkorps]

Yes Sir !! Now I got it

[SteveHopwood]

Hey guys, we have a new acronym. DUG - Damn User Guide. This is going to confuse punters in the future. "For crying out loud, read the DUG - that is what it is there for."

[gaheitman]

Hey guys, we have a new acronym. DUG - Damn User Guide. This is going to confuse punters in the future. "For crying out loud, read the DUG - that is what it is there for."

So, RTFM isn't universal?

Or perhaps the issue is with the chair -> keyboard interface.