stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

Holy Graily Bob and his Ma
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4602		 Page 1 of 3
Author:  SteveHopwood [ Sun Feb 07, 2016 12:29 pm ]
Post subject:  Holy Graily Bob and his Ma
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.
    • Moving averages

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" is an attempted automation of trading with Bob's Holy Grail Indicator. "Holy Graily Bob and his Ma" adds the moving averages filter offered by tnavi at http://www.stevehopwoodforex.com/phpBB3 ... 29#p134929

Download Bob's zipfile from http://www.stevehopwoodforex.com/phpBB3 ... 45#p105045. You need a version of HGI in your Indicators Folder - extract it from the zipfile. Remember to change HGB's HGI_Name input to the name of the version you are using, or he will be excessively rude to you.

All I have done is add the filter to HGB. He uses all the features available to HGB; all the information you need to use it is in the user guide.

There is no need for all the MA's in tnavi's template. The bot uses the fastest and slowest of the quick and the slow MA's - you can vary these if you wish, bu scrolling through the inputs to the MA section.

Are you a confused newbie? Don't clutter this thread with requests for basic information - I will delete them. Ask instead at http://www.stevehopwoodforex.com/phpBB3 ... 91#p105691 where friendly souls will help you out.


Have fun folks.

:xm:

Manual intervention
To those of you with the occasional firing brain cell who are not too stupid and lazy to take any notice of anything I write: congratulations on reading this bit. You are in a minority. Read this post:
http://www.stevehopwoodforex.com/phpBB3 ... 77#p119077 You will not be sorry that you did so.

Stochastic
HGB often takes trades when a pair is over-extended and due a snap retrace. I have added a Stochastic filter in an attempt to avoid trading at the extremes.

Those of you new to all this, Stochastic is an Oscillator that gives us an indication when a pair is over bought or over sold and is due a retrace.

I have used the indi defaults for the inputs, and used the usual levels for StochOverBought and StochOverSold. StochReadIntervalMinutes tells HGB to read Stochastic once a minute, so it will usually be out of synch with the indi.


HGI and so-called 'repainting'
Members new to all this have difficulty grasping the implications of this deceptively simple fact: The Holy Grail Indicator works in the here and now:
  • what happened on the previous candle is irrelevant.
  • what happened 5 minutes ago is irrelevant.
  • what happened on the previous tick is irrelevant.
The only thing that matters is what HGI is showing now. There is a problem with this and here it is: the indicator generates a signal (how is briefly described in the User Guide) which generates a trade. The conditions that generated the trade can change but the signal does not leave the chart until you refresh it by changing time frames or restarting the platform. Thus it looks as though the indi is 'repainting'.

It is not. When loaded, it cannot print a signal for trading conditions that do not exist. The fact that they existed 5 minutes ago is irrelevant; the indi works in the here and now and cannot know that they existed 5 minutes ago? 'Historic' signals are on the chart because the conditions that created them were still in place at the candle close; there is no way of telling how early in the development of that candle those conditions first came into being.

Got it? Tough if not because I do not care. What I do care about is being dragged here to read yet another whinge about 'repainting' by a dimwit too thick to understand the basic concept of 'here and now'. I shall delete posts about it - along with the writer if I am in a bad mood. Sorry to sound harsh, but I am doing some 'heading off at the pass' here.

HGB makes shed-loads of pips, then gives them right back
HGB is absolutely brilliant when the markets move in his favour. Those multi-trades rack up the pips.

Thing is, those large moves are always followed by a pull-back. Strongly rising markets start to fall; strongly falling markets start to rise. These 'corrections' can last for some time before the overall trend resumes its move.

HGI is total rubbish at spotting when the change has started and will continue to generate signals in the direction of the trend. HGB will take these signals and enter trades in the teeth of the howling gale of the retrace. We give all our pips straight back.

It is absolutely essential that users learn to close down positions that are massively in your favour - then stop trading for the week. People make 1000, 1500, 2000 pips in a day, adding anything up to about 20% to their account balance. Believe me guys and nonguys - I have gone whole years without making that number of pips.

Emblazon this upon your hearts and souls folks: take your profits; close your positions; turn off Experts on your platform; sit on your hands and do not trade again that week.

Whether bringing his Ma to the party will make any difference to this is something we shall have to see.

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 -

-
Author:  Wavegarrick [ Mon Feb 08, 2016 5:14 am ]
Post subject:  Holy Graily Bob and his Ma
Hi Guys exactly the same way I have been trading Hgi on the 4hr t/frame and a very effective method in filtering out false signals so am running this in conjunction with Mad...Most of the settings are the same except that I only need the 21 and 60 Ma setting and I also use the stochs filter with the same settings. Will only use instant market for now and only Trend trading allowed.

Thanks for this Steve and Tnavi :good:
Author:  SteveHopwood [ Mon Feb 08, 2016 9:41 am ]
Post subject:  Holy Graily Bob and his Ma
V 1a is in post 1, with fixes for a few thingies I noticed as soon as I put the bot onto a demo this morning.

:xm:
Author:  ALoveSvpreme [ Wed Feb 10, 2016 5:14 am ]
Post subject:  Holy Graily Bob and his Ma
Hey Steve thanks for this one, its working really great and perfect for a trend following strategy I'm working on using HGI signals for re-entry on pullbacks. The only thing missing is an option to close on MA cross. Would you consider adding this option? I would be extremely grateful and afterall this is "Holy Graily Bob and his Ma" so this aspect seems suiting. :lol:
Author:  zaguy [ Wed Feb 10, 2016 7:26 am ]
Post subject:  Holy Graily Bob and his Ma
Thank you Steve for all your hard work. In the last few days, I have learned a lot about forex by going through your posts and attachments, and of course testing your latest EAs on demo accounts. Thanks once again.

I have started testing both HGI 'n Grid and HGI with his ma on the same charts on H4. At this stage, it seems that HGI 'n Grid is doing very well (and significantly better than HGI 'n Grid - but of course this can also be as a result of market conditions being maybe more in favour of one).
Author:  zaguy [ Wed Feb 10, 2016 7:29 am ]
Post subject:  Holy Graily Bob and his Ma
Sorry - expanded chart!
Author:  SteveHopwood [ Wed Feb 10, 2016 9:43 am ]
Post subject:  Holy Graily Bob and his Ma
zaguy » Wed Feb 10, 2016 7:29 am wrote:Sorry - expanded chart!
Super results. I have not had any trades yet because HGI has not generated any signals on my pairs. The markets seem to have gone to sleep. :arrrg:
Author:  SteveHopwood [ Wed Feb 10, 2016 9:53 am ]
Post subject:  Holy Graily Bob and his Ma
The only thing missing is an option to close on MA cross. Would you consider adding this option?
This would take a few seconds; I just need you to be more specific about what you mean by "an MA cross" as there are a variety of scenarios.

:xm:
Author:  SteveHopwood [ Wed Feb 10, 2016 10:45 pm ]
Post subject:  Holy Graily Bob and his Ma
jwlkupang » Wed Feb 10, 2016 10:30 pm wrote:Hello Steve

thank u for this ea.

Can you add a buy only and sell only , please ?

thank you
Another dimwit bites the dust and joins the On Moderation group of idiots unable to do anything at SHF other than read posts and download attachments.

Do I need to remind others that I do not post user guides in order to waste time answering stupid questions by thickies too lazy to do some basic reading?

Or how much I loathe writing the fucking things.

Did I not mention this in a thread somewhere close by only a few days ago? I feel tolerably sure I did.

And that I tend to get a tad on the pissy side when people prove by their demented posts that they cannot be arsed to read them?

Just in the remotest of all possible cases that I am wrong about this, I will mention it here: I tend to get a tad on the pissy side when people prove by their demented posts that they cannot be arsed to read my posts and user guides.

I definitely mention this in the Welcome message I send to new members every night. Granted, some new members are too stupid to read it, but we are talking horses and water here and the only thing these cretins would do in water is drown.

Thickies too lazy to do some basic reading, you are probably not going to read this because you are too dim to read anything I write anywhere under any circumstances, but I will try all the same.

Ready?

Here goes.

You are going to lose all your money. Tough, but that is life.

:xm:

peepaws, no criticism of you that I removed your answer. I just do not see why someone that stupid should be allowed to waste the time of serious members of SHF.
Author:  Peepaws [ Wed Feb 10, 2016 10:58 pm ]
Post subject:  Holy Graily Bob and his Ma
:good:
All times are UTC Page 1 of 3

Powered by phpBB® Forum Software © phpBB Limited