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 HGI indicator.
- BAS
MAKE SURE YOU READ THIS POST http://www.stevehopwoodforex.com/phpBB3 ... 41#p111241 There was a Forex bloodbath on Jan 15th 2015 that you need to know about.
Holy Graily Bob 'n BAS applies a simplified version of the Buyers And Sellers concept traded by BAS, to HGB. HGI generates a signal that HGB 'n BAS will only trade when there are more buyers than sellers for a buy trade, or vice-versa for sells. Pay a quick visit to read more about BAS at: http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=4541
We do not bother with the higher time frames here. Negative Buyers or Sellers values muck up the Power calculation, so HGB'nB will display, "Insufficient volume for trading" when this happens.
The only new input is CloseOnOppositeBasSignal. This tells HGB'nB to close buy trades when Sellers overtake Buyers and the Power reaches your MinimumPowerForTrading. Vice versa for sell trades.
None of this affects HGB's working, so go to http://www.stevehopwoodforex.com/phpBB3 ... =87&t=4154 for the HGB user guide and basket management EA. You will need to visit Bob's HGI thread to download HGI - http://www.stevehopwoodforex.com/phpBB3 ... =88&t=3964. Remember to enter the correct indi version into HGB'nB HGI_Name input, or he will be exceptionally rude to you.
You will not be able to make sense of any of the HGB ea's unless you know what HGI is telling you, so read about this in Bob's thread. Confused noobs can ask for clarification in the "HGI for beginners" thread at http://www.stevehopwoodforex.com/phpBB3 ... =88&t=3985.
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
- 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
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