• 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. This EA will need manual intervention when NoOfTrades buys and sells are open, and the only recourse from there is to manage the basket manually.
  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.
    - forexhard's Consolidation Zone Breakout strategy at http://www.forexfactory.com/showthread. ... ost4745056

• - open a pair of buy and sell trades
  - send a grid of pending buy and sell trades x pips apart.
  - market movement will fill the pending trades in one overwhelming direction.
  - take profit when a sufficient number of buy or sell trades have taken the basket into x cash profit.
  - rinse and repeat.

• - G++ works with the attached sqDynamicBreakoutBox1 indicator.
  • - this goes in your Indicators folder.
    - it does not go on your chart.
    - jb68 modified sq's indi to deal with a 'divide by zero' error. I have further modified it so it does not show the Fib extensions when called by the EA.
  - when G++ sees that the indi detects a CZ, it draws pending buy and sell stop lines at the top/bottom of the zone. From here:
  • - If the market reaches the buy line from below, G++ takes a buy and draws the remaining buy grid, so the trades will trigger if the market continues to breakout.
    - It moves the pending sell stop line to half the extent of the CZ box. If the market falls back that far, then the sell is sent and the sell grid drawn.
    - everything reversed if the first line hit is the sell stop line.

• -PipsBetweenTrades: the distance in pips between trades.
  - NoOfTrades: the maximum number of possible buy and sell trades. If the market seesaws outrageously, then twice this number is the maximum of trades that can be opened by the EA.

• 1) CashProfitTarget: the profit target in dollars that the basket is aiming for.
  - CashProfitPerLot: multiplies your Lot size by this number to arrive at an adaptive CashProfitTarget. Set this to zero to disable the feature.
  2) Cash jumping stop loss. By default, G uses
  • CashProfitTarget=1000;
    CashJumpingStopLoss=50;
    JslStartsAt=100;
    • This will jump the basket stoploss by $50 once the profit reaches $100.
    Set JslStartsAt to zero to disable this feature.
  3) PipsProfitTarget: this closes the basket when the profit in pips reaches this target. Enter this in pips. The EA converts this for x digit criminals. Set to zero to disable this feature.

• - Lot: the lot size if you do not want auto-calculation.
  - LotsPerThousandOfBalance: lot size is calculated by rounding down the balance to bare $thousands, then multiplying this figure by LotsPerThousandOfBalance to produce a lot size that will grow with the account. Set this input to zero to disable the feature.
  - IncrementalLotMultiplier: multiplies the lot size of the most recent trade by this number. The default of 1 disables lot incrementing. This feature might need adaptation, as a badly ranging market might lead to alternate buy/sell trades opening, each of which has successively higher lot sizes. This will unbalance the basket, so we shall have to see if this is a problem.
  - MaxPairsAllowed tells G to allow no further trading if there are already this number of pairs trading on the account. The pairs do not have to belong to G; they merely have to be open trades. Set this input to zero to allow unlimited trading.

• - Gertje, for bringing me the hedged grid strategy in the first place.
  - SWG for having the idea to merge forexhard's strategy with G.
  - squalou for his incomparable indicator.
  - forexhard, for sharing his strategy at FF.
  - jb66, whose enormous contribution was to send me the code that interrogates sq's indi.

forexhard wrote:Steve, there is a flaw in the indicator's box-making logic.

The idea is not to simply make boxes with a static/fixed height parameter. It should be more flexible than that. Just as the number of bars is allowed to grow wider even though the minimum is 30, the height in pips should be allowed to grow shorter even though the maximum is 30p.

The attached pics show the same box. But the white frame shows how big it should really be.

As a result, out of 100 possible CZ's, you could literally have 100 different heights and widths.

SteveHopwood wrote:A thingy to add emerged tonight. We need a no-Sunday-candle-trading filter, or the gap can cause premature trading.