jiva34's BB Stop auto-trader

[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:
o How to use EA's.
o jiva's trading method at http://www.forexfactory.com/showthread. ... ost5067399


DO NOT USE THIS EA ON A LIVE ACCOUNT. IT IS EXPERIMENTAL.


Introduction

Post 1 in jiva's thread tells you everything you need to know about the trading method. You need the attached indi in your Indicators folder; you do not need it running on your chart.

We have Khalaad to thank for this EA. He drew my attention to the thread and asked me to code the EA. Warm round of applause to Khalaad.

Huge round of applause to jiva34, who developed the trading method and shared it with us at FF.

What I have coded here is based on jiva's post 1, plus Khalaad's enhancement. As usual, I ask you not to clutter up jiva's thread with discussion about this EA; please limit this to posts here. I cordially invite to discuss the methodology freely.

Khalaad posted a brilliant enhancement to the original method; this is about taking additional trades when there is a big move in our favour. At the time, my copy of Word was not playing ball with displaying Khalid's explanation/pseudo-code, so stimpy posted it here at http://www.forexfactory.com/showthread. ... ost5127294

The "Slow BB" inputs control the initial trade. "Fast BB" inputs control the secondary trades; you disable this feature by setting the value of FastLength to zero.

To regular contributors to jiva's thread who cannot post here, you will see how to have the restriction lifted at the end of this post.


Hanover
The Hanover module allows us to trade in the direction indicated by hanover's Recent Strength indi. I consider this to be the most significant development in my time at FF. Details in the Hanover thread at http://www.forexfactory.com/showthread.php?t=319709 If you use Hanover, I recommend lawgirl's ratio of 1:4 to 1:6 between your trading and higher-direction time frames. For example, if trading the M5 chart, use M30 as your Hanover time frame.


CBI module
For details about what this does, visit the Hanover thread linked in the previous paragraph.

Hanover and CBI are disabled by default.

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.

jiva has posted his trading inputs at http://www.stevehopwoodforex.com/phpBB3 ... 2110#p2110

For an explanation of their being two sets of BB Stop inputs, read Khalid's post at http://www.forexfactory.com/showthread. ... ost5125607

The D1 open price and daily pivot price lines are drawn as a result of this post by Swg - http://www.forexfactory.com/showthread. ... ost5132307 As yet, jiva does nothing with these lines; they are drawn in case you want to use them as a part of your deciding which direction to trade the market.

In conclusion

Have fun. Let's see if this baby can sing.



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/showthre...94#post4431794, 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.forexfactory.com/showthread. ... ost4431794




Most promising trading EA's

* Spider. I am trading this live. http://www.forexfactory.com/showthread.php?t=313680
* The Beast: http://www.forexfactory.com/showthread. ... ost4135863 A number of traders are still trading this live.

All Averages Ma_Method possibilities:
// List of MAs:
// MA_Method= 0: SMA - Simple Moving Average
// MA_Method= 1: EMA - Exponential Moving Average
// MA_Method= 2: Wilder - Wilder Exponential Moving Average
// MA_Method= 3: LWMA - Linear Weighted Moving Average
// MA_Method= 4: SineWMA - Sine Weighted Moving Average
// MA_Method= 5: TriMA - Triangular Moving Average
// MA_Method= 6: LSMA - Least Square Moving Average (or EPMA, Linear Regression Line)
// MA_Method= 7: SMMA - Smoothed Moving Average
// MA_Method= 8: HMA - Hull Moving Average by Alan Hull
// MA_Method= 9: ZeroLagEMA - Zero-Lag Exponential Moving Average
// MA_Method=10: DEMA - Double Exponential Moving Average by Patrick Mulloy
// MA_Method=11: T3 - T3 by T.Tillson
// MA_Method=12: ITrend - Instantaneous Trendline by J.Ehlers
// MA_Method=13: Median - Moving Median
// MA_Method=14: GeoMean - Geometric Mean
// MA_Method=15: REMA - Regularized EMA by Chris Satchwell
// MA_Method=16: ILRS - Integral of Linear Regression Slope
// MA_Method=17: IE/2 - Combination of LSMA and ILRS

[jiva34]

Wow.. Just see, setbacks are really opportunities....

If you get a chance, allaverages indi added?

[SteveHopwood]

Wow.. Just see, setbacks are really opportunities....

If you get a chance, allaverages indi added?

Certainly will. Later on tonight, probably.

I forgot to say that the post 1 version fixes the bug that was stopping jiva closing trades at the stop loss line, even when HiddenPips > 0 - I had turned the function off and forgot. Oops.

For those of you who can, simply go to void LookForTradeClosure() and delete the return() at the starf of the function.

[jiva34]

This is really neat site!!! Streamlined... Clean...

[hiredwhip]

Well Done Steve......Subscribed and I'll be back later

Have a great day

whip

[astral77]

Good on you mate, good on you. I have subscribed and look forward to good, fruitfull discussions and developments here.

Kind regards

[droland]

Thanks for the invite. This should be a great experience.

Thanks again Steve

[carolco]

Hey Steve! Thank You for invitation. Im in. I am planing to build a computer to test your eas only.. I will do after my first opening show which will be soon.. See you later...

[ianp]

I think this is a great idea Steve , thanks for the invite.

[qooyend]

Steve,

Thank you for the invitation. I'll try to be of some help.

Regards