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.
- 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.
- The original Moving Day at viewtopic.php?p=169624#p169624
This one is the brainchild of Coenraad, user name zaguy. This is his method:
- Use a 21 period EMA set to the close price:
- The market is trending long if the low of the previous 5 candles is above the moving average.
- The market is trending short if the high of the previous 5 candles is below the moving average.
- Any mixture means the market is ranging, so no trading.
- Send a stop and a limit order, x pips away from the market. Taking buying as an example:
- The market falls and fills the limit order: delete the stop order and add the buy stop grid in the normal way.
- The market rises and fills the stop order: delete the limit order and add the buy stop grid in the normal way.
There are inputs that allow you to customise the moving average; they should be obvious. Remember that you will need all the TDesk stuff even if you are not going to send signals to it.
Follow along with this demo if you are running out of demo room:
Login: 2188055
Investor: zyzn8ie
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
- http://www.stevehopwoodforex.com/phpBB3 ... =21&t=5190
- 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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