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 tells you there is, is either a liar or an idiot.
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.
- Aussiedoc's Ducks strategy outlined at http://www.stevehopwoodforex.com/phpBB3 ... 3204#p3204
- - How to use EA's.
Ehup all
This EA has its genesis at http://www.stevehopwoodforex.com/phpBB3 ... 3204#p3204 Read about it first before continuing.
This thread replaces the original Ducks EA thread. Doc has refined his strategy down to 4 Ducks, so this version reflects the u, \bmn
TIG has made it incredibly easy to code the EA. Nice one, George. In fact, I could probably have coded the EA by simply lifting George's code and subsuming it, but decided to use the indi as all the rest of you will have it on your chart.
TIG's indi shows the value of the Duck selected by the indi's Duck input. The attached template sets up the chart for you, with all 4 Ducks lined up with the correct Duck input. When looking at the chart, remember that the EA trades at the start of each new candle, so the screen display reflects the Ducks as they were at the close of the previous candle.
Doc first attracted our interest to this because he is trading it live and successfully. For exits, we have this from Doc's pm: "Exit is the first candle to open above/below the fast 3SMMA in the opposite direction." I have taken this to mean, close the trade at the start of a new candle where the previous Ducks no longer line up.
The Ducks inputs are the same as TIG's defaults . Other inputs are familiar to regular punters here. Those of you unfamiliar with balance and management inputs, find a copy of my Shell User Guide littered all over this forum.
If StopLoss is set to zero, then the stop is calculated by taking the high (sell) or low (buy) of three candles ago - as per Doc's pm to me.
Trade exit is by: stop loss; take profit; change of Duck1 colour (moving average cross).
In conclusion
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
Matt's chart-population script at http://www.stevehopwoodforex.com/phpBB3 ... 5733#p5733. Use this every time you start a fresh platform.
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/showthread. ... ost4693716 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
