dsugums AO/AC/MA autotrader 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 have to understand:
   1. How to use EA's.
   2. The Awesome Oscillator that comes with MT4
   3. The Accelerator Oscillator that comes with MT4

Here is a digest of a pm I received from dsugums earlier today. Cutting to the meat:


"These are the rules for the EA:

Time frame: 5/15/30m (selectable)

Indicators: AO and AC (standard setting)

Filter: 60LWMA (option to switch off)

Rules:

Long trade

Enter long when both AO and AC bars turns green simultenously (previous bars for both MUST be red).

Take profit from 30-50pips (variable depending on mometum)

Stop loss fixed at 20pips

Short trade

Enter short when AO and AC bars turn red simultenously (previous bars for both MUST be green)

Take profit from 30-50pips (variable depending on mometum)

Stop loss fixed at 20pips

Filter setting:

Only take long trade if set-up or PA happens above 60LWMA and opposite for short.

Hope this is clear. I think it should be pretty simple to code (I am nuts with mt4)

Hope you can get back to me soon for trials.

Thanks mate

Cheers
Sugu "



So, here it is. For those of you unfamiliar with my work, the attached user guide explains the inputs, apart from Hanover. Anything else you read there that is not about EA inputs that you cannot see, you can ignore.


The EA looks for trades at the start of each new candle; likewise it reads RS, so these values can look out of date in the display.



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

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 at http://www.forexfactory.com/showthread.php?t=319709



I have included it here so that you guys can play with it.


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



EA coding
I receive may requests to code EA's. Traders, 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. I explain why at http://www.forexfactory.com/showthre...94#post4431794, at the bottom of the post.



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. Spider. I am trading this live. http://www.forexfactory.com/showthread.php?t=313680
2. The Beast: http://www.forexfactory.com/showthre...=1#post4135863 A number of traders are still trading this live.

_________________________________________________________________________________
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.

Hi
thanks very much. Subscribed but I do not know where I am going to put this.

Kind regards
P.S. I think some of us should pool our resources and get a dedicated server with 30gig ram and a few quad cpus for testing of all these EAs.

Hi Steve,
Have "d" running on my truck laptop and it will finish the week out well...Big test coming next week.....Add Hanover....
One question and only if you have a min....Sugu asked for an off and on switch user input for the 60LWMA...IMHO this would be a good thing to have before adding Hanover....

Have a great weekend

whip

I forgot to say that the MA follows what has evolved into my usual principle of setting the period to 0 to turn off whatever the filter is. Set MaPeriod to zero and the bot will not use the MA in its calculations.

Cheers

Thanks Steve, Got it......We're ready for market startup

whip

Hi Steve,
Probably shouldn't have started this bot tonight but I wanted to check it out.... It took right off with no 60LWMA and Hanover for help and jumped on a good EU trade.....We'll see how it does this week....

Again, have a great week

whip

This should be a good trending week to. The Euro is in the tank.
FYI, I got that information just from seeing all the news on the euro elite govt's bickering with each other on how to save greece, lol.

Regards,
Jeff

Hi Jeff,
Good to talk to you again.....Steve's STN bot should have a lot of fun this week...

Have a great week

whip

Good to see you back. I was starting to feel some concern at your absence.

I got really nervous because my bride liked all those cheerleaders pic's he posted a while back

Whip,

You do know it is Football season now and Football is America's sport.

Regards,
Jeff

Yes, Whip took the below picture of you, lol. No need to worry.

Regards,
Jeff

Given the above slander, I want everyone to know that my hair has withstood all the efforts of countless piano pupils to deprive me of it.

Nice One Jeff