- 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:
- Bob's trend trading system at http://www.forexfactory.com/showthread.php?t=308304
THIS EA IS NOT READY FOR LIVE TRADING YET
Welcome to BigBob - Nanningbob's V10 trading robot. The Astonishing Bob has excelled himself this time, so vast and epic rounds of applause Bob. Bob has stated that all his experience so far has led to this system; all my coding development and experience is coming to fruition here as well. I have separated the EA from Bob's thread to avoid cluttering it with techie discussion and so that it is always easily available.
BB is a monster with a vast number of inputs. Read the user guide to see what it gets up to and how your choices can influence the way it trades.
Bob's V10 thread has arrived at just the right time for me. Let's see if we can make the BigBob EA reach its 90%-of-manual-trading-success promise. If it can, we will all make money and Bob's chosen charity should see some extra as well. My contirbutions will go to Childline here in the UK, but that is a different story.
Have fun guys.
Caterpillar: read my post here at http://www.forexfactory.com/showthre...37#post4886737 to see what this is all about.
Daily Volatility Indicator displays:
- the average daily movement of a pair, calculated by adding together the distance between the highs and lows of the most recent 20 days trading, then dividing by 20.
- the pairs long swap.
- the pairs short swap.
- the spread.
Hanover
The Hanover module allows us to trade in the direction indicated by hanover's Recent Strength indi. I consider this to be the most significant development in my time at FF. Details in the Hanover thread athttp://www.forexfactory.com/showthread.php?t=319709 There is nothing about this in the BigBob User Guide. Please note, I have only coded Hanover for Trend and Caterpillar trading; I have not yet coded H for Range trading.
Matters of general interest
Read this post:
http://www.forexfactory.com/showthre...11#post4923611 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/showthre...79#post4977179
EA coding
If I code your EA for free, then I will share it here at FF. If you want me to code your EA without sharing, then my fee is $100 payable into my paypal account.
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.forexfactory.com/showthread.php?t=89371
- Account equity analyser: http://www.forexfactory.com/showthre...16#post4693716 Also at http://www.forexfactory.com/showthre...98#post4709098, 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/showthre...10#post3830610
Most promising trading EA's
- Trendy: http://www.forexfactory.com/showthre...82#post4840182, but should be left behind by BigBob.
- Reversi: http://www.forexfactory.com/showthread.php?t=294255 – I am trading this live.
- Rip: http://www.forexfactory.com/showthre...98#post4777998
- The Beast: http://www.forexfactory.com/showthre...=1#post4135863
- Pippo: http://www.forexfactory.com/showthre...96#post4675196
- Ibuks: http://www.forexfactory.com/showthre...88#post4656888
- FTLR: http://www.forexfactory.com/showthre...85#post3831885
Posting restrictions
I have restricted the ability to post in this thread to: traders with at least 1 voucher; and traders on my 'buddy' list. I have done this because I do not want the thread cluttered with 'newbie' questions about the basics. New/inexperienced traders, this is not intended as a direct insult. What I want here is discussion with traders who fully understand what it is they are doing; when you newbs have been around a while, you will come to understand what a difference experience makes to the posts a member writes and shudder at the recollection of some of the questions you asked. I do. http://cdn.forexfactory.com/images/s..._the_floor.gif Go to your profile page; there is a link to the FF page that describes the voucher process.
Do not attempt to get around this by sending me pm's asking for help with your basic problems. Doing so will earn you an automatic ban from all of my threads.
I have set up a partner to my restricted threads at http://www.forexfactory.com/showthre...66#post3948666
There, you can post the questions that you cannot post here, about anything you need to know. Someone with the knowledge and experience you need will answer.
Traders/coders with experience who have not yet been vouched for, can get around this restriction be being added to my 'buddy' list; all you have to do is pm me to ask me to do this.