• 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 IsGlobalPrimeOrECNCriminal to 'true' if your crim insists on two-stage order sending.
  • Market trend and retracement patterns.
  • Moving averages; RSI indi; Stochastic indi: Baluda's 10.4 TMA-RSI Slope indi; ATR indi.

• Time frame: H4
• Trend determination:
  • 60 period LWMA > 240 period LWMA: market is trending up and we are looking for buys when the market is above the 60.
  • 60 period LWMA < 240 period LWMA: market is trending down and we are looking for sells when the market is below the 60.
  • no trade when the market is in between the 240 and 60.
• There are two entry methods:
  • Main entry based on a cross of the 60 from below in an uptrend and above in a downtrend, using RSI-TMA Slope (shown by the '10.4 4H RSI2' indi).
  • Re-entry, when the market is the correct side of the 60 for trading but there is no cross of the 60. The trigger is a combination the direction of the previous two candles and Stochastic.

• 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.stevehopwoodforex.com/phpBB3 ... ?f=21&t=64
• Account equity analyser: 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 ... ?f=15&t=79

fxozgirl wrote:Hi Steve, hope you've been keeping well?

You know I like to keep my strategies really, REALLY simple...as a result, I've been playing around with Bob's Simple 10.4 and trying to customise it to suit my available screen time (I only have about an hour in the morning & a couple of hours at night to look for setups, monitor etc.) & in my part of the world.

So....

I was wondering if you could help me with some coding? Actually I have had a go myself using an EA building software (it's bare bones just to see if I could get something working), but it's very glitchy & doesn't always work as I intend (actually it's probably not glitchy at all, it's almost completely my lack of comprehension ). I've also tried to incorporate the 10.4 TMA RSI Slope indicator but I'm getting error messages saying the file can't be opened (I've attached the EA's for a laugh ...that's right I've done 2 as I didn't know how to incorporate both types of trade entry into 1 EA ) With that being said the EA is taking trades, although not quite accurately & often takes 2 trades the same at the same time.

With Bob's Simple 10.4, he has discovered that using the 240 LWMA & the 60 LWMA on a 4H chart is an excellent indicator of trend direction (as an alternative to using CSS)...if the 60 LWMA is below the 240 LWMA, then the trend is down and if the 60 LWMA is above the 240 LWMA then the trend is up. Bob then goes to the 1H chart and places pendings using pivots or S/R levels...this is the point where I'm either missing setups or missing opportunities to close trades. For the time I have available, the 4H chart works best for me, it allows me to let my trades run (ala Gday) & it also means I don't have to check my trades as often.

It appears that once price crosses the 60 LWMA it generally continues in the direction of the identified trend (this is where we are looking to place our trades), when price crosses back between the 60 & 240 LWMA's it is in 'no man's land' and we shouldn't be trading.

So, I am using the LWMA's on the 4H chart to determine the trend, then using price crossing the 60 LWMA in conjunction with the TMA-RSI Slope indicator to enter trades. This is what I call a 'main' entry. I am then using the Sto 5 indicator after a pullback in price to re-enter back into the trend.

At this stage I am using MPTM to manage the trades, with BE +2 set at 30 pips, then a JS of 50. SL is set at 100.

Given, this is used on the 4H chart, it definitely won't be a trading beast, however I am looking for quality not quantity.

The rules are as follows:

LWMA CROSS with RSI_Main Entry

BUY RULES

Trade Set Up - Main Entry:

1. 4H Chart
2. LWMA 60 must be above LWMA 240 (indicating an uptrend)
3. RSI must be below 10

Main Entry:
Enter trade at start of new candle if
1. Candle (shift 2) must close below LWMA 60
2. Candle (shift 1) must close above LWMA 60
3. RSI must be below 10 (shift 3) - I have coded my EA to enter at shift 3, but ideally it would be fine to enter if TMA-RSI slope was below 10 anywhere in the previous 3 candles (I didn't know how to code this)
4. BE 30 +2, SL 100, JS 50

Re-entry:
1. Candle (shift 2) must have closed LOW
3. Candle (shift 1) must close HIGH
1. Sto 5 indicator must be below 20 (shift 2)
4. BE 30 +2, SL 100, JS 50


SELL RULES

Trade Set Up - Main Entry:

1. 4H Chart
2. LWMA 60 must be below LWMA 240 (indicating a downtrend)
3. RSI must be above 90

Main Entry:
Enter trade at start of new candle if
1. Candle (shift 2) must close above LWMA 60
2. Candle (shift 1) must close below LWMA 60
3. TMA-RSI slope must be above 90 (shift 3) - I have coded my EA to enter at shift 3, but ideally it would be fine to enter if TMA-RSI slope was above 90 anywhere in the previous 3 candles (I didn't know how to code this)
4. BE 30 +2, SL 100, JS 50

LWMA CROSS with Sto_Re-Entry

Re-entry:
1. Candle (shift 2) must have closed HIGH
3. Candle (shift 1) must close LOW
1. Sto 5 indicator must be above 80 (shift 2)
4. BE 30 +2, SL 100, JS 50

I have attached some charts with examples of the 4 types of trades, my template, indicators & EA's for your information.

Of course, I understand if you are too busy or not interested, just let me know...either way it's been a good opportunity for me to start some coding on my own!

Thanks for your time Steve

trader689 wrote:i keep getting an error message

"Cannot open file 'D:\Program Files\Global Prime Empty4 - 3\experts\indicators\10.4 4H RSI2 modified for automation.ex4' "

even though the indicator is in the folder and i have restarted the platform.

please advise, thanks

SteveHopwood wrote:

trader689 wrote:i keep getting an error message

"Cannot open file 'D:\Program Files\Global Prime Empty4 - 3\experts\indicators\10.4 4H RSI2 modified for automation.ex4' "

even though the indicator is in the folder and i have restarted the platform.

please advise, thanks

Sometimes on startup, Empty4 fails to compile the source code with the extension .ql4 into the executable file with the extension .ex4

Try right-clicking the indi in your Navigation window and select 'Modify' if this is available. If so, Empty4's CrapperEditor will open the file. Hit the F5 key to compile properly then close the editor.

If 'Modify' is not available, then your download failed, so re-download the indi from post 1.

trader689 wrote:i opened the indicator with metaeditor and did the f5 compile thing, no errors or warnings, restarte dthe platform, same error message. then removed both the mq4 and ex4 version of the indicator and redownloaded from post 1, started Empty4 again, same error

any suggestions? many thanks

trader689 wrote:i opened the indicator with metaeditor and did the f5 compile thing, no errors or warnings, restarte dthe platform, same error message. then removed both the mq4 and ex4 version of the indicator and redownloaded from post 1, started Empty4 again, same error

any suggestions? many thanks