SERIOUS WARNING
Most Forex traders lose all their money. ***DO NOT USE THIS EA ON LIVE ACCOUNTS AS IT IS EXPERIMENTAL***
-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.
-Market trend and retracement patterns.[/mod]
Shawn asked in this post for an EA http://www.stevehopwoodforex.com/phpBB3 ... 69#p104769 , this is the EA.
For understanding the strategy read the attached doc file. The EA can use the open of the actual weekly candle or the close of the last week candle. You can use this inputs:
useLastWeekClose=true
useThisWeekOpen=false
for setting what strategy you want use. OOTB the EA uses the last week candle close.
***NEVER CHANGE THE TIMEFRAME ON THE CHART YOU HAVE ATTACHED THE EA***
Other inputs:
AllowHetching=true
as some Broker do not allow hedging you can here set that the EA will only open a buy or sell trade.FridayCloseHour=23
and FridayCloseMinute=30
with this setting you set the friday closehour , note uses the broker time not your local time, setting is for GMT+2/3 brokers like Globalprime OOTB , maybe an earlier close at friday would bring better results..The rest of the settings should be self explaining, if not not feel free to ask.
This EA will only on monday set pending orders, if possible.
Pelase use this EA only on Demo-Accounts, for understanding, how it works and spotting eventually bugs! If you are interested in other variant of a weekly BO strtegy you will find an other interesting EA here in this thread http://www.stevehopwoodforex.com/phpBB3 ... 04#p104504
Cheers