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Pipmonster!
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3260		 Page 1 of 1
Author:  ROBST3R [ Wed Nov 13, 2013 9:19 am ]
Post subject:  Pipmonster!
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.



You can use this ea on a m1 tf and have to start the test with atleast $50000 on a cent account Others tf`s are good aswell. set riskpercent to 0.1

To see how it works, you have to see it in visual first!

If the ea is activated it starts trading on the first buy bar ore first sell bar!

So if it starts with a sell and the second bar is a sell too it will open a sell again, if total buy bars after this become bigger then total sell bars it will start buying.
It is a basket trading strategy and opens alot of trades.

10short bars versus 5long bars= short
10short bars versus 11long bars= long

So it will keep switching!!!


In the past lots of users asked me to post this ea so here it is :D

Have fun!
Author:  phil_trade [ Wed Nov 13, 2013 9:24 am ]
Post subject:  Re: Pipmonster!
ROBST3R wrote: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.

EA inputs
You will find descriptions of many of the inputs in the attached Shell User Guide. This covers most of the widely used, generic inputs. Since the shell EA code contains so many more options that the strategy calls for, the OOTB settings are not necessarily consistent with the strategy and may not even make sense. After sufficient testing we may come up with meaningful OOTB settings. Until then, be sure to review them.




You can use this ea on a m1 tf and have to start the test with atleast $5000
Others tf`s are good aswell.

To see how it works, you have to see it in visual first!

If the ea is activated it starts trading on the first buy bar ore first sell bar!

So if it starts with a sell and the second bar is a sell too it will open a sell again, if total buy bars after this become bigger then total sell bars it will start buying.
It is a basket trading strategy and opens alot of trades.

In the past lots of users asked me to post this ea so here it is :D

Have fun!

Hello

Why don't you publish MQL code ?

Where is your attached Shell User Guide ?

Why did you delete your 2 MyFx Accounts ?

If you share something, please don't share a complete blackbox !

cheers

Philippe
Author:  ROBST3R [ Wed Nov 13, 2013 10:01 am ]
Post subject:  Re: Pipmonster!
Myfxbook accounts where very old and where blown up.

I didnt trade forex for a few months.

I traded this live on an cents account and went from $50 to $450 in less then a month, then it blew up because i did some manual trades with big lots.

I don`t share the mql Code because the maker of the ea don`t want me too.

Only trying to contribute.
Author:  remix919 [ Wed Nov 13, 2013 7:28 pm ]
Post subject:  Re: Pipmonster!
- Can this EA be used by US traders?
- Does this automatically trade all currency pairs or just the pairs you put it on?
- Have you noticed it work better on certain pairs over others?
- Does the account really have to be $50,000? You said you were using it on a $50 account? I just set it up on a Oanda Demo with $10,000 and set the risk percent to 0.1 but it isn't trading for some reason.
Author:  peterke [ Wed Nov 13, 2013 8:52 pm ]
Post subject:  Re: Pipmonster!
remix919, it needs some extra files added, look in the Empty4 journal for the name, they are downloadable off this forum

rgds
Peter
Author:  ovisun [ Wed Nov 13, 2013 11:35 pm ]
Post subject:  Re: Pipmonster!
Is necessary LibOrderReliable_v4
Author:  OldTrader [ Wed Nov 13, 2013 11:38 pm ]
Post subject:  Re: Pipmonster!
wow, hope you get rebates on the broker this is run on, crazy amount of trades hehe
Author:  bazze [ Wed Nov 13, 2013 11:41 pm ]
Post subject:  Re: Pipmonster!
I put this on EU,and it only traded this pair...It traded very well on my demoacc.,but what will it do on a liveacc.???
Author:  ovisun [ Wed Nov 13, 2013 11:51 pm ]
Post subject:  Re: Pipmonster!
bazze wrote:I put this on EU,and it only traded this pair...It traded very well on my demoacc.,but what will it do on a liveacc.???
Try and see.Use a nanoaccount first with only 100 USD.
Author:  SteveHopwood [ Thu Nov 14, 2013 12:40 am ]
Post subject:  Re: Pipmonster!
I am locking this thread and deleting the EA from post 1.

ROBST3R, you did formerly have the mantle of a BSV here, so I expected better of you than to post a black box that appears from your description to send umpteen trades.

Frankly, only an idiot posts a thread about a bot that needs "atleast $50000 on a cent account" to trade.

That is assuming you actually are merely an idiot and not someone with malicious intent.

Pull a stunt like this again and I will ban you.

Capiche?
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