- 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.
This is the automated version of the manual 5 Ducks trading system I have posted at viewtopic.php?p=173096#p173096, so read the details there.
The EA is a conversion of the HGI detecting EA so some of the usual bells and whistles are missing. I can always add them back in if need be.
Everything you need is in the attached zip apart from TDesk. Remember to adapt the lot sizing and MPTM basket target to reflect your demo account size.
Most of the inputs are obvious. Onee that needs explaining is HgiSignalConfirmationSeconds. This tells the bot to keep checking the HGI signal is still in place for (default) 20 seconds before consulting the rest of the choir.
Another is MaxMovementAllowedPips. Read about what prompted me to add this at viewtopic.php?p=173145#p173145
Take a potential buy as an example. 5D:
- Examines the previous candle to confirm that it was a rising one. If so:
- Scrolls back through the previous x candles until it finds on that fell. This gives the number of rising candles then:
- Finds the highest and lowest prices of the candles, calculates the distance in between them and cancels the trade if this exceeds MaxMovementAllowedPips.
- Scrolls back through the previous x candles until it finds on that fell. This gives the number of rising candles then:
Demo account for you to follow
Login: 2246171
Investor: 5onlqmy
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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