- 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.
The genesis for this ea is at http://www.stevehopwoodforex.com/phpBB3 ... f=12&t=898. Plese take a moment to read Gary's post.
TG works thus:
- At the open of each new candle:
- If UseDailyPivot is false:
- Look to see if SuperTrend has flipped. If so:
- Close an existing open opposite direction trade.
- Open a new trade in the direction of the flip.
- Look to see if SuperTrend has flipped. If so:
- If UseDailyPivot is true:
- Look to see if SuperTrend has flipped. If so:
- Close an existing open opposite direction trade.
- Look for a trade in the direction indicated by SuperTrend:
- For a buy, the low of the previous candle must have at least touched the DP. The Bid must be above the DP.
- For a sell, the High of the previous candle must have at least touched the DP. The Bid must be below the DP
- Look to see if SuperTrend has flipped. If so:
The EA is independent of the chart on which you run it:- TradingStTimeFrame is your trading time frame and needs to be set to M60. A zero value here means the current time frame.
- HtfStTimeFrame allows you to call for confirmation from a higher time frame if you wish to. A zero value here turns this filter off. It is disabled by default.
TG only reads SuperTrend at the open of each new candle. The values it displays will look out of date quite quickly.
Have fun.
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.forexfactory.com/showthread.php?t=299017
- Multi purpose trade manager: http://www.stevehopwoodforex.com/phpBB3 ... ?f=21&t=64
- Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at 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 ... p?f=5&t=15
- If UseDailyPivot is false: