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Bob and Shelley and Fractals
https://stevehopwoodforex.com/phpBB3/viewtopic.php?t=3182
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Author:  SteveHopwood [ Wed Oct 02, 2013 6:10 pm ]
Post subject:  Bob and Shelley and Fractals

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.
    • Fractals - found in your Indicators window.
I am not yet trading this EA on my live account

This is another take on BASA. Read about BASA at http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=2759 Especially, read the User Guide.

The only difference between BASA BASAF is in the method of taking the Main Trade (there are no Re-entry trades). BASAF uses Fractals trigger the Main Trade:
  • in an uptrend, BASAF takes a buy after the market has fallen to the relevant previous low.
  • in a downtrend, BASAF takes a sell after the market has risen to the relevant previous high.
BASAF places lines on the chart that represents the buy and sell limit levels. The Fractals inputs are:
  • NoOfFractals: by default, BASAF uses the highest of the previous two and lowest of the previous two fractals. This allows you to be flexible when nearby fractals look unpromising.
  • FractalsTimeFrame: the default of zero means 'current chart time frame'. This allows you to use fractals from a different tf should you wish to.
I had intended leaving BASAF running for the rest of the week and publishing over the weekend, but it made 2% today when MPTM closed the basket. It is working as I intend.

An uptrend is when the 60 MA > 240 MA. A downtrend is when the 60 < the 240. At the moment, the bot can take a buy when the market has retraced below the 240 to reach the fractal; vice-versa for a sell. We may need a filter to deal with this - let's see.

You will see that Andy's MA stacking applies only to stack trades.

Have fun.

:D
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
Author:  zTB [ Wed Oct 02, 2013 9:08 pm ]
Post subject:  Re: Bob and Shelley and Fractals

FORWARD TEST up and running.

Let us see what this brings...

Wishing good things to all.

Z
Author:  fxozgirl [ Wed Oct 02, 2013 9:29 pm ]
Post subject:  Re: Bob and Shelley and Fractals

SteveHopwood wrote:
I had intended leaving BASAF running for the rest of the week and publishing over the weekend, but it made 2% today when MPTM closed the basket. It is working as I intend.

Have fun.

:D
This does sound fun....thanks Steve :D
Author:  trader689 [ Wed Oct 02, 2013 9:42 pm ]
Post subject:  Re: Bob and Shelley and Fractals

ztb i think this has ot be run on H4 charts?
zTB wrote:FORWARD TEST up and running.

Let us see what this brings...

Wishing good things to all.

Z
Author:  zTB [ Wed Oct 02, 2013 9:51 pm ]
Post subject:  Re: Bob and Shelley and Fractals

trader689 wrote:ztb i think this has ot be run on H4 charts?
zTB wrote:FORWARD TEST up and running.

Let us see what this brings...

Wishing good things to all.

Z
Thank you.

Moved to H4.

Z
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