dsugums EU Intraday System: and auto-trader by SteveHopwood

SERIOUS WARNING

 

1. Most Forex traders lose all their money.
2. Using the robot posted here in trading Forex does not guarantee success.
3. Trading this robot could lead to serious financial loss.
4. Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
5. 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.
6. 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.
7. To trade this robot, you also have to understand:
   1. How to use EA's.
      
   2. Moving Averages.
   3. Parabolic Stop and Reverse.

DO NOT USE THIS EA ON A LIVE ACCOUNT. IT IS EXPERIMENTAL.



xlitang contacted me by pm to ask me to code an EA for dsugums' system at http://www.forexfactory.com/showthre...light=intraday



Everything you need to know is in the attached pdf.




In my early experience, the system is excellent, so this EA stands a chance of being successful. All we can do now is demo it and see. Even if the bot fails, we should be left with a successful manual trading method.




Have fun.






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



Useful utilities/EA's/scripts

 

1. MaryJane has posted a fabulous utility to allow us to resize EA input windows: http://www.forexfactory.com/showthread.php?t=299017
2. Multi purpose trade manager: http://www.forexfactory.com/showthread.php?t=89371
3. 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.
4. 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
5. My shell EA – the code I use to produce EA's so quickly. http://www.forexfactory.com/showthre...94#post4431794

Most promising trading EA's

 

1. BigBob: an implementation of Nanningbob V10. http://www.forexfactory.com/showthread.php?t=309980. The strategy is fantastic and I am having a ball trading it manually. The EA is the most promising I have coded so far.
2. Aurora, a PwR-based EU scalper at http://www.forexfactory.com/showthread.php?t=312936 has made a brilliant start.
3. Trendy: http://www.forexfactory.com/showthre...82#post4840182, but should be left behind by BigBob.
4. Reversi: http://www.forexfactory.com/showthread.php?t=294255 – I have traded this live.
5. Rip: http://www.forexfactory.com/showthre...98#post4777998
6. The Beast: http://www.forexfactory.com/showthre...=1#post4135863

_________________________________________________________________________________
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.

Here we go again!!!!!!!!!!!!!!

This one seems a bit like Peter Crown's DIBS method, except without the DIBS.

Thanks, Steve

You it again. Excellent work.

Steve,

Some thing wrong with sell signal. I tested it and it entered a sell trade when everything still above MA133 and MA222.

I beleive that Dsugums uses a 133 and 222 MA. I've taken the references to 233 to be mis-types. Maybe someone who's trading this live or in the forum can confirm.

Serves me right for not doing a visual backtest before releasing. I think it is working fine now. Cheers.

Nice one, thanks.

dsugums' second post mistypes 222 as 233. I read the 233 and never looked closely at this number again. It is indeed 222.

Everything in post 1 is updated with this new white MA figure. Those of you who have already downloaded, do some changing of the moving average inputs on the chart and in the EA inputs from 233 to 222.

Wow, an EA for my strategy. Thanks Steve for the wonderful job. I still trade it manually. I prefer a manual car than a auto,haha. More thrill and adrenalin.

Will give it a try but alot of pysch is involved in determining the trade will be successful. This is done by looking at the overall market condition as well as the SMA positioning.

I dont trade on Mondays too, if the gap is too large.

Most of my bots fail because they cannot simulate the very psych stuff that a system-poster brings to his or her trades. Even if the bot fails, we will still have a manual trading method that most of us would have missed were it not for xlitang getting in touch with me. Maybe the rest of us can knock the bot into something that can be used for live trading; we shall see.

Cheers, and thanks for your thread.

Amidst all the playing around, I just noticed that I edited post 1 but did not save the edits. If you are not sure if your version is up to date, check the SlowMaTdPeriod input; it should default to 222. If it doesn't, then you do not have the correct version of anything.

Sorry about the chaos and confusion. They are a natural concomitant of dealing with me - ask the kids I teach.

For this system, it is fairly mechnaical 90% of the time. Keep the stops maximum 30pips or once the price close below/above 60LWMA. Most of the time, it bounces of this level. The system only fails if trade taken after 1am EST. We can take every cross, but during early asian system, the pips can be limited to 30-50pips only before it falls back. Best trades comes in in early euro sessions.
The 60LWMA plays a major role in determining the trade sucess. Put it in the chart and see how it behaves with price.

thanks Steve, yet another EA based on a successful trading system.

dsugum, have you tried this with other pairs? If yes with what results?
I presume this works best in a trending markets, please confirm. Finally, have tried some sort of recovery with this system?

Kind regards

Nice one. Thanks on a couple of counts.

This confirms my trading hours.

That 60LWMA makes a good dynamic initial stop loss. I shall add this to the bot tomorrow.

Cheers

Anyone done a backtest for the EA?

I have made some changes to the bot, including adding the 60LWMA as a further stop loss.

Running this through a visual backtest to check the code, I see that there are logic flaws in the current version of dsugums. It is possible for trades to whipsaw in and out at the mo because of this logic flaw.

I develop EA's using my Alpari UK demo. Currently, their spread is 1207, or 120.7 pips. Mindless turds. This makes meaningful bug-hunting impossible.

I shall sort out the logic flaws tomorrow. In the meantime, I suggest ignoring this EA.

Just to let everybody know that the suspected logic flop I was unable to solve earlier because those mindless turds at Alpari UK widen their spreads to a ridiculous extent over the weekends is a reality.

Note to all punters considering opening an account with Alpari UK. They fuck around with you as badly as the rest of the turds floating in the sewer of Forex criminals - known in naive circles as 'brokers'.

I have just watched the EA take a trade after a retrace into the channel bounced out - pic attached. The green arrow marks the trade entry. Incorrect entry caused by my logic flop.

From there, the ea closed half the trade perectly at +30, so all I have to do is solve the logic prob that allowed the trade to open prematurely, albeit successfully.

Then solve all the other problems thrown up by crapwit criminals.

Anybody got a virus I can transmit to all fuckwit criminals? Sorry, but not in a good mood tonigh. Join in the jor thread if you want to get some crim bashing off your chest.

Mondays are difficult to trade with the gaps. Thats why I have changed my trading days from Tue to Thursday. Mon and Fri volume is too low to have trends tat is reliable.

Cheers. I will add this to the user guide.

Taking a look at this one now.

Maybe can add an option to allow Mon and Fri trading turned off