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
- - How to use EA's.
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
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.