* 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:
o How to use EA's.
o How to use offline charts - use the Period_Converter_Opt_mod to allow Ea to run!
DO NOT USE THIS EA ON A LIVE ACCOUNT. IT IS EXPERIMENTAL.
Essential posts to read
* The original Fratelli thread explains rules and set up
http://www.forexfactory.com/showthread.php?t=326654
* Dean is doing a comparison of Invictus and Fratelli and has a good summary of the rules
http://www.forexfactory.com/showthread.php?t=325942
Thanks goes to Steve for his original code and Dragos for all his hard work. I wrote my own EA in which i bulit all the indicators to help with CPU usage but the triggers were not correct. It ill do an update at some point to combine the two EAs if required. Please test this as i have made changes to Dragos version and may have broken other bits. I have also included all indicators and template from Fratelli thread, though i havent read today's developments yet.
Update 27-11-11 Fratelli v1.3
Dragos and i have been working on this over the last few days trying to iron out some of the bugs and make the EA follow the system as accurately as possible. We were working to v1.2 but based on discussions we added the checks in v1.3 so we are ready to go
List of updates
- Code changed to fix issues with logic now the entry and exits should follow system better
- SAR re-entries now included
- Time checking changed to allow 00:00 format to be used, default times set for GMT
- News filter - requires FFCalH.mq4
- All Indicator settings are user configurable to allow better testing
- For pending order it uses High/Low instead of Close
- If price too close now opens a market order
For reference current SL/TP settings are:
- EURUSD: SL is 25 pips. TP is 20 pips. When we see 10 pip profits we move SL to -10 pips.
When we see 15 pips in profit we move SL to BE+1 pip - AUDUSD: SL is 20 pips. TP is 20 pips. When we see 15 pips in profit we move SL to BE+1 pip
- EURJPY: SL is 20 pips TP is 20 pips. When we see 15 pips in profit we move SL to BE+1
- GBPUSD: SL is 15 pips TP is 15 pips, NO adjustment here.
Update 29-11-11 Fratelli v1.3
In this update i have made a few changes, hopefully for the better
- Change Lot sizing routine to that of 5min open/close by jiva34, Check RiskPercent value as now lot sizes are a factor of 10 lower but broker issues should be addressed so no more invalid volume errors.
- Noticed that if CloseOnOppositeSignal was set and bar closes above/below 89EMA trade would be closed. This is no in the rules so has been changed so only POs get deleted.
- Based on George's comments i have added the check for price if a market order is being sent to try and overcome invalid stops and wrong TP/SL
- Also changed which candle to use for placing PO to hopefully choose signal candle, may still be one out so please check for me
- Default hours changed again in thread to 7:10 to 16:30 GMT, currently i get most profit between 8:00 and 14:00 but this needs longer assessment i use Basket_Stat_Time_Sub indy
- I have just added George's function for time checking, he posted as i was writing this, thanks
I have made the following mods
- Incorporate supertrendmod indicator into EA so should help with cpu overheads
- Changed triggers to match MickyMouse Fratelli_Main v1.2 indicator (hopefully!)
- Added option for comment box to be coloured and is user configurable
- Trade entries seem to be the same as Micky's indicator
- General bug fixing based on comments from George, Dragos and Micky.
Update 02-12-11 Fratelli v1.3
I have made the following mods
- Fixed time checking if not in GMT, thanks George
- Used latest indy by MickyMouse for logic, in my tests EU work in ST but not so great in forward testing, AU and EJ work spot on in all tests.
- Still getting a few runtime errors and i am planning a overhaul of the code to get rid of them over the weekend
Here is MyFxbook account.