- 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.
- ZigZag, Bollinger Bands and Stochastic indicators.
- Retracement trading
I am not yet trading this EA on my live account
Intro
Dewey McG contacted me with a system he had back tested and found to be successful enough to warrant further investigation. His full pm is in post 2, along with pictures of trade setups. I coded Ziggy Bolly for him and he feels it is worth releasing to our wider membership.
Indicators
- ZigZagN. This thread requires that a new top/bottom appears to be forming and so ZZ will draw a new line on your chart. The standard ZigZag will remove this line should the new top/bottom prove to be a false one, so we would be left wondering why the EA took the trade. ZigZagN leaves a symbol behind on the chart when it repaints, so we can see why ZB took the trade. Place this in your indi folder.
- Bollinger Bands applied to the main chart.
- Stochastic. Use the modified version attached here, not the usual one in the Indicators section of the Navigator window. The modified version will show up in the Custom Indicators section.
- Bollinger Bands applied to the Stochastic indi window.
The trading system
As posited to me, this is a M15 EU retrace trading system, so:
- 1. Stoch outside the band
2. EMA1 outside the band
3. ZZ top or bottom is formed
4. Enter with market order
5. TP is middle of BB band
6. SL 10 pips
Inputs
All the usual stuff is here, apart from CSS. Find descriptions of the inputs in the attached Shell User Guide. I coded ZB before Paul showed me how to bring the code 'in house' and will add it back in soon.
BB, ZZ and Stoch is fully configurable, but play with these inputs only if you know what you are doing.
Note to coders
I Googled 'Bollinger Bands formula' to work out how to calculate the BB of Stochastic for BB. Read details in void GetBollingerBandsOfStochastic(). I am pretty proud of myself here.
Conclusion
Dewey wanted me to code ZB so he can involve the Brains Trust in developing this scalper into something profitable, so let the testing begin. He will be along later with some set files to get you guys started.
Shell user guide
This describes the usual inputs in my EA's. Consult it for details not listed above.
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/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