- 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.
- Stochastic.
- ATR (Average True Range indi)
- How not to annoy me by asking stupid questions that are already answered in post 1 here and in in its partner thread.
This EA is an offshoot from http://www.stevehopwoodforex.com/phpBB3 ... 683#p94683. The first thing to do is visit that thread, learn how the parent ea trades ds' trading system, and indeed how ds trades it. Go now. Do not return until you have done what I have told you to do. Post here in such a way as to prove to me that you have not done so, and I will remove your registration from this forum. I am not minded to be kind to dimwits here.
Ok, you have reached this bit so I assume you understand how the original ea works.
This version works with the WmiVol indi attached. WmiVol is a bit of a blunt instrument. All it does is
- calculate the length of the average candle.
- draw a green histo when a candle is > this average.
- draw a red histo when a candle is < this average.
- the longer a green histo is, then > than the average it is. The shorter the red, then < the average it is.
The only new input you need to understand is:
- MinimumWmiVolValue tells the ea not to trade when the current WmiVol histo is less than this value:
- the longest possible histo has a value of 1.
- the default value of 0.8 represents my eyeballing of the values of the second longest candles.
No idea if I am barking at the wrong moon here; let's just try the ea and see. For sure, trading when WmiVol candles have been at their maximum has worked for me on demo, whilst the original ea has totally failed for me.
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
- MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.stevehopwoodforex.com/phpBB3 ... f=5&t=3427
- 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