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.
- Bollinger Bands.
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 Bollinger Bands 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 BB indicator.
Bandy tries to enter a trade after a retrace by:
- buying when the market has been below the bottom band and then rises above it.
- selling when the market has been above the top band and the falls back below it.
The inputs correspond with those of the BB indi. CloseAtOppositeEnd closes buys when the market rises above the top band and sells when it falls below the bottom.
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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