UNDER CONSTRUCTION. COME BACK IN A COUPLE OF HOURS
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.
- Bob's latest idea at http://www.stevehopwoodforex.com/phpBB3 ... 914#p99914.
Intro
This EA is an implementation of Bob's 11.0 trading sessions strategy at http://www.stevehopwoodforex.com/phpBB3 ... 914#p99914.
Bob's Second Brainless Thingy is the same as his first one, magnificently named Bob's Brainless Thingy apart from:
- Using Bill Williams' Accelerator Oscilator to decide on the trade direction.
- Including Bob's requested money management described at http://www.stevehopwoodforex.com/phpBB3 ... 966#p99966
- find the inputs just above the 'Trade management module' inputs.
- UseBobMM: turn this on/off.
- L1ProfitTargetPips is the first target for the profit to reach before moving the stop. When hit, B2BB will move the stop loss to L1SlMovePips. By default B2BB will move the stop to -15 at +5 pips profit. I leave you to work out for yourselves the use of the remaining 4 inputs in this section.
Two trading styles
Bob's describes his original idea in post 1 of his thread. Some members write later on about how they like to 'fade' the trend. My understanding of this is, taking a buy as an example: set a buy limit x pips below the session open. B2BT allows both or either styles of trading using the TradeTheTrend and TradeTheFade inputs. Both styles have their own take profit, stop loss, comment, magic number, buffer from the open at which to set the stop order and expiry minutes inputs.
Trading hours
How to enter these is explained in the user guide. Questions about telling the time are banned and anyone flouting this ban will receive a public bollocking from me. These work on your computer's local time and you need to know what that is when:- Tokyo opens: 1.00 am London time.
- London opens: 8.00 am London time.
- New York opens: 1.00 pm London time.
Have a quick read of http://www.stevehopwoodforex.com/phpBB3 ... 43#p101043. CloseTradesAfterHours tells B2BT to close a trade after this number of hours have passed.
Other Bob stuff
It is all there along with the usual other stuff, so read the attached user guide for details. You can combine the above with Slope, Css, RSI2 etc. Take your pick. Use different time frames and play to your hearts content. I am finding his H4 240 LWMA applied to the Open price to be spectacularly good at determining the overall trend, so give some serious thought to enabling it here.
I include it so that you can set BBT to only trade in the direction of your chosen 10.x filter. I have become an ardent admirer of the H4 140 moving average, for example. We shall see of all this makes any difference to profitability.
Chart display
B2BT will only read the Oscillator when required to do so at the open of each session, and will retain that display unless you remove the bot or change time frames. From left to right the values are from 2 candles then 1 candle ago. This feedback is so we can ensure the ea is making the correct readings.
DisplayDelaySeconds (bottom of General Inputs) tells B2BB to refresh the chart feedback every three seconds rather than every tick. This is to save hammering the cpu. The default is 3 seconds.
Note to coders
Please read post 2.
Future development
Guys in Bob's thread are talking about fading the trend, so I have left BBT's opposite direction pending trade code in place in case we want to play with it.
It could be that we need dedicated sections for Tokyo, London and NY, with their own pip buffers, stops and expiry inputs. We shall see. What I have implemented here is a quick-and-dirty EA.
In conclusion
Start a new demo, load up a few charts and play.
Matters of general interest
Go here to download and run the script that will fill your platform's missing chart history: http://www.stevehopwoodforex.com/phpBB3 ... f=15&t=254
Read this post:
http://www.stevehopwoodforex.com/phpBB3 ... p?f=6&t=78 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration.
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.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79, at the bottom of the post.
Useful utilities/EA's/scripts
list] - 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
