- 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 strategy 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 the thread at http://www.forexfactory.com/showthread.php?t=297744
Introduction
Welcome to Kevinator. Kevin's strategy is brilliant; this EA is an attempt to automate part of it.
Trade Entry
Kevin posits two trading styles using his strategy. I was successful with the second one, MOM (momentum, or 'slingshot' trading).
- 240M "MOM" trades
- Sell when market hits/breaks TMA upper line and H4 Stoch is stepping down.
- Buy when market hits/breaks TMA lower line and H4 Stoch is stepping up.
Trade exit
- Take profit
- Hard take profit or
- The TMA outer line (UseOuterTma). Kev can also be told to move the tp if the outer line moves (MoveTpWithTma)
- Stop loss
- Hard stop loss
Adjusting take profit and stop loss using Click and Drag
I have added the functionality from 'Click and Drag take profit and stop loss EA'. Users of the original ea will recognise the inputs. Kev will also take over a manually-entered trade, so long as the trade has the same magic number as Kev (default 0).
Required indicators
I have incorporated the code for TmaTrue within the EA, so you need this on your charts only if you want visual confirmation of the data the EA is working with.
iKevinator is required on the chart. My code for ascertaining whether the H4 Stoch is down or up did not always show the same message as the indi. To avoid the confusion, Kev reads the indicator's 4H label, which will read either 'Up' or 'Dn'. Without this indi on your chart, Kev cannot work. Ignore the M60 reading; Kev does not use it. Use the attached version in combination with Kev.
Live trading
I have manually traded successfully by
- waiting for the market to move outside the dotted lines that Kev draws above and below the TmaTrue outer line, and that the indi also draws if it is on the chart.
- waiting for the market then to retrace back inside these dotted lines.
- sell if the markets has moved above then fallen back under the upper line, and the H4 Stoch label is 'Dn' (down). MinBreakPips is the input that controls the distance of the dotted line to the TmaTrue outer lines.
- buy if the markets has moved below then risen back above the lower line, and the H4 Stoch label is 'Up'.
I am happy with the manual method. The EA that trades it has run without hitches on my demo account this week. I have put it on my live account trading 0.01 lots.
In conclusion
I have re-written this first page. Originally, I had coded Kev to trade both of the trading strategies, so the first few pages of replies are about this. To read from where I notify people of this update, go to http://www.forexfactory.com/showthre...73#post4815573
Have fun.
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.
Most promising trading EA's
- The Beast: http://www.forexfactory.com/showthre...=1#post4135863
- Pippo: http://www.forexfactory.com/showthre...96#post4675196
- Reversi: http://www.forexfactory.com/showthread.php?t=294255
- Ibuks: http://www.forexfactory.com/showthre...88#post4656888
- FTLR: http://www.forexfactory.com/showthre...85#post3831885