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.
- Super Slope from http://www.stevehopwoodforex.com/phpBB3 ... 101&t=4888
/viewtopic.php?p=142851#p142851 - Peaky.
- My peak hilo indi. Download the indi and a pdf explaining what it does from viewtopic.php?p=159559#p159559.
- The concept of a swing high and swing low as measured by the Fractals indicator.
You need the "SPB core library.mqh" file in your platform's Include folder. Download it from viewtopic.php?p=159559#p159559
This EA uses a swing high/low to generate a trade in the direction indicated by your choice of Super Slope and Peaky inputs. It uses the Slopey Peaky Bob engine found at viewtopic.php?p=159559#p159559. Read SPB's User guide for information about everything apart from using the Fractals indicator.
We coders talk in terms of candle 'shift'. Shift 0 is NOW. Shift 1 is one candle ago. Shift 2 is two candles ago etc. This defies the normal mathematical convention of numbers to the left of zero being minus numbers but learn to live with it. CrapQl4 coding defies logic at every step, so welcome to my world.
A 'swing' is a 5 candle pattern:
- A swing high is: the high of shifts 4 and 5, 1 and 2, are lower than the high of shift 3.
- A swing low is: the low of shifts 4 and 5, 1 and 2, are higher than the low of shift 3.
The perceived wisdom is: buy the dips; sell the rallies.
This means that:
- in an uptrend we wait for the market to fall then rise again forming a swing low before buying.
- in a downtrend we wait for the market to rise then rise again forming a swing high before selling.
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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