Simple Bob

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SteveHopwood
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Posts: 9754
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Simple Bob

Post by SteveHopwood »

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. Remember to set IsGlobalPrimeOrECNCriminal to 'true' if your crim insists on two-stage order sending.
    • Nanningbob's 10.6 - and if you don't then you really have not been paying attention.
I am not yet trading this EA on my live account

Intro
Trading systems do not come much simpler than Bob's 10.6 system. Fact is, though, that he uses much more to guide his trading than appear in his 'rules' - daily/weekly/monthly SR for example, or his understanding of the fundamentals at play behind the markets.

Simple Bob is not a futile attempt to automate his 10.6 trading. It is inspired by 10.6 and is an attempt to use those of Bob's 'rules' that can be automated.

Trading rules

H4 time frame.
  • Buy trade:
    • Bob's double moving average shows an uptrend.
    • Neither the Daily or Weekly pivot is between the market and the take profit (this filter can be turned off - see inputs).
    • draw a pending buy line LineBufferPips above the next xxx.00 line. When this is reached, send the trade if:
      • the first currency in the pair is > 0 on Baluda's CSS (D1), and the second is < 0.
      • Stochastic 7, 2, 2 is > 20 and rising.
      • all the optional filters are ok. See "Andy's filter" below.
    • Sell trade:
      • Bob's double moving average shows a downtrend.
      • Neither the Daily or Weekly pivot is between the market and the take profit (this filter can be turned off - see inputs).
      • draw a pending sell line LineBufferPips below the previous xxx.00 line. When this is reached, send the trade if:
        • the first currency in the pair is < 0 on Baluda's CSS (D1), and the second is > 0.
        • Stochastic 7, 2, 2 is < 80 and falling.
        • all the optional filters are ok. See "Andy's filter" below.
Andy's filter
Andy (MrLong) uses this highly effective filter (enabled by default):
  • only go long if the H4 21 period EMA applied to the Close is > the 55 EMA and the distance between the two EMA's is diverging.
  • only go short if the H4 21 period EMA applied to the Close is < the 55 EMA and the distance between the two EMA's is diverging.
Take profit and stop loss
By default, using a buy as an example:
  • the pending trade line is drawn 10 pips above the next xxx.00 line. The xxx.00 lines will move when the Bid crosses one of the boundaries. The pending trade line will not move if the market is moving upwards - otherwise there would never be a trade. It will move down if the market falls. Buy trades are triggered by the Ask, so you might want to have this showing on your chart.
  • Take profit is 85 pips, so 5 pips short of the next rising xxx.00 line. Stop loss is 30 pips, giving a near 3:1 reward:risk ratio. This is one of the thingies we need to play with.
Attached indicators
I attach Currency Slope Strength and 10.4 H4 RSI2 so that you can have them on your charts should you want them. You do not need them - all the code is subsumed within the EA. 10.4 H4 RSI2 is not a part of this system, but is available as one of the many standard options.

Trade stacking
We are learning the power of trade stacking over in the Bob and Shelley Again thread. I have added this function to SB. Read about how this works in the BASA User Guide at http://www.stevehopwoodforex.com/phpBB3 ... 838#p70838

Future development
I have started with a simple structure. If this is immediately successful then great. Features I am considering adding are:
  • Consideration of daily and weekly pivots.
  • Adding the 60 LWMA and not trading unless the market is outside of them.
Usual stuff
All the usual stuff is here - consult the user guide for details.

Disabling filters
All the filters can be disabled in the usual way - see user guide. Stochastic can be disabled by setting the K input to 0. Inveterate tinkerers can tinker inveterately to their heart's content.

Conclusion
You have noticed that daily and weekly pivots are not included in this? Let us see if we need them first - if they prove important I can add them easily.

Let the testing begin.

:D
Shell user guide
This describes the usual inputs in my EA's. Consult it for details not listed above.
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
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Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
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mjws00
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Posts: 609
Joined: Fri Jan 04, 2013 10:17 pm
Location: Victoria

Re: Simple Bob

Post by mjws00 »

Hey Steve.

Your CSS descriptions and use are AWESOME. Had to do a little digging in the code and see what exactly you were up to. You've probably been doing this for a while and I missed it (knew CSS was there but missed this nice use.)

Very nice, sir, inspirational even.

Mike
Reading the dark heart.
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SteveHopwood
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Posts: 9754
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Re: Simple Bob

Post by SteveHopwood »

mjws00 wrote:Hey Steve.

Your CSS descriptions and use are AWESOME. Had to do a little digging in the code and see what exactly you were up to. You've probably been doing this for a while and I missed it (knew CSS was there but missed this nice use.)

Very nice, sir, inspirational even.

Mike
Thanks Mike, but everything I do with Paul's stuff I do because he has furnished me with the ability to do so. I really am the mechanic here - bolting on the bits that the plans tell me to bolt on.

I do nothing that anyone else here cannot do for themselves. Carry on digging Mike. Learn to use Paul's stuff for yourself. It is fantastic to be able to do so.

:D
Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
User avatar
SteveHopwood
Owner
Posts: 9754
Joined: Tue Nov 15, 2011 8:43 am
Location: Misterton - an insignificant village in England. Very pleasant to live in.

Re: Simple Bob

Post by SteveHopwood »

The Gap that Bob was expecting tonight (UK) or whatever time is is where you are when the markets opened have triggered a couple of trades unusually early in the week: buys for GU and NU. Should be fun to see how these play out. Early test for the bot on demo.

:D
Read the effing manual, ok?

Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.

I still suffer from OCCD. Good thing, really.

Anyone here feeling generous? My paypal account is always in the market for a tiny donation. [email protected] is the account.

To see The Weekly Roundup of stuff you guys might have missed Click here

My special thanks to Thomas (tomele) for all the incredible work he does here.
FXTrucker
Trader
Posts: 45
Joined: Wed Dec 07, 2011 4:26 am

Simple Bob Demo on vps

Post by FXTrucker »

Way Cool now you and bob can sell this for $49.95 :D
audchfmh4.png
set it up on 24 pairs and it looks like it set for some trades
allpairs-1.png
audnzd-1.png
cadjpy-1.png
euraud-1.png
Lets see what happens :roll:
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There are 10 kinds of people who understand binary. Those who do and those who don't.
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nanningbob
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Re: Simple Bob

Post by nanningbob »

Thank you Steve. Gonna play with this one.
I trade http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3964,
I talk about my philosophy of trading here.
http://www.stevehopwoodforex.com/phpBB3 ... =38&t=3627
"The key to converting something useful to others is simplicity. Complexity is the enemy to execution." Tony Robbins
fchaman
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Posts: 119
Joined: Sat Nov 19, 2011 1:13 pm
Location: End of the world

Re: Simple Bob

Post by fchaman »

Thanks Steve for this EA...

StochBuyAbove=20;
StochSellBelow=80;

Can we have it like:

StochBuyBelow=20
StochSellAbove=80

So we enter buy when it is in oversold area, and sell when it is overbought.

My 2cents!
art
Trader
Posts: 588
Joined: Fri Mar 02, 2012 3:51 pm

Re: Simple Bob

Post by art »

hi steve, just thought i'd report back, i had a GBPAUD open long, which was a counter trade, as the 240 was above, cheers
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cozybooks
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Posts: 299
Joined: Wed Mar 27, 2013 1:33 am

Re: Simple Bob

Post by cozybooks »

Hi Steve,

Those of us still silently lurking because we aren't smart enough to say anything are most grateful!
art
Trader
Posts: 588
Joined: Fri Mar 02, 2012 3:51 pm

Re: Simple Bob

Post by art »

indeed i shall be contributing to his pay pal account
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