The AshFX System - Version II

[mainmayor]

alan
thank you for the direction.i did exactly as you said and i got the template on my chart. thanks.
more question, how can i also get something like thisFile Type: gif dashboard.gif on my metatrader so that i can see the summary of all the pairs.thanks for not getting tired of my numerous questions

[SteveHopwood]

Originally Posted by King Pips

Hi Steve How is your EA working. Can you post it to download. Whats the differance than Ronold Rayguns one. Thanks

Hehe. Originally, the difference was that RR's worked and mine was rubbish. We spent a lot of time over at FF trying to make the thing work properly as it appeared promising. Eventually, I just gave up.

Over the weekend, I rewrote the robot from scratch. Reading the first 30 pages or so here made me realise I had mis-understood some of the basics of the system. Woudn't think that is possible, would you, but I managed it. Hey ho. I can't help being dim.

The robot appears to be working properly. It was fine during visual backtesting using the mt4 strategy tester. Once it has been up and running on demo for a couple of weeks and has proven that the basics are working, I shall add the usual management code (jumping stops et al) and upload it here.

Having said all that, it is hard to see how a robot can trade this system with complete accuracy if it only trades the system as detailed in Ash's pdf. The robot takes no account of support and resistance and candle\wick lengths.

Candle and wick lengths are fairly easy. A potential trade can be cancelled if the candle is longer than the average length of the candles over x bars. Likewise if the wick(s) > x% of the candle length. This is still not an intuitive thing, but is the closest I can see a robot coming to a 'feel' for this.

S\r is harder, much harder. I have the code to include a daily fib but would still need to work out how to use the information it provides. Also, I am coming to the conclusion that eyballing s\r is probably more useful. When we pull out our D1 charts, or change to W1 or M1, we can see major points of support and resistance and draw horizontal lines to mark them. I haven't a clue about how to program that little lot.

This post is turning into a thinking-aloud thingy but is proving useful to me, even if everybody else has given up and moved on. When the bot is ready for public scrutiny, I will put it in its own thread here. Those of us interested in its development can take things from there.

In the meantime, anybody with an algorithm for spotting the next major level of s\r would do us all a big favour by sending it to me in a pm.

__________________________________________________ __________

On a different topic: Swingman, if you are still reading here, I love Dashboard. Fantastic. Sheer genius. Cheers.

[cosmiclove]

does anyone of u guys here has the EA ??

i have one...but it sux.....so many losing trade

i'm waiting for someone to upload it ..

thanks !!

[King Pips]

Originally Posted by SteveHopwood

Hehe. Originally, the difference was that RR's worked and mine was rubbish. We spent a lot of time over at FF trying to make the thing work properly as it appeared promising. Eventually, I just gave up.

Over the weekend, I rewrote the robot from scratch. Reading the first 30 pages or so here made me realise I had mis-understood some of the basics of the system. Woudn't think that is possible, would you, but I managed it. Hey ho. I can't help being dim.

The robot appears to be working properly. It was fine during visual backtesting using the mt4 strategy tester. Once it has been up and running on demo for a couple of weeks and has proven that the basics are working, I shall add the usual management code (jumping stops et al) and upload it here.

Having said all that, it is hard to see how a robot can trade this system with complete accuracy if it only trades the system as detailed in Ash's pdf. The robot takes no account of support and resistance and candle\wick lengths.

Candle and wick lengths are fairly easy. A potential trade can be cancelled if the candle is longer than the average length of the candles over x bars. Likewise if the wick(s) > x% of the candle length. This is still not an intuitive thing, but is the closest I can see a robot coming to a 'feel' for this.

S\r is harder, much harder. I have the code to include a daily fib but would still need to work out how to use the information it provides. Also, I am coming to the conclusion that eyballing s\r is probably more useful. When we pull out our D1 charts, or change to W1 or M1, we can see major points of support and resistance and draw horizontal lines to mark them. I haven't a clue about how to program that little lot.

This post is turning into a thinking-aloud thingy but is proving useful to me, even if everybody else has given up and moved on. When the bot is ready for public scrutiny, I will put it in its own thread here. Those of us interested in its development can take things from there.

In the meantime, anybody with an algorithm for spotting the next major level of s\r would do us all a big favour by sending it to me in a pm.

__________________________________________________ __________

On a different topic: Swingman, if you are still reading here, I love Dashboard. Fantastic. Sheer genius. Cheers.

The robot takes no account of support and resistance and candle\wick lengths. Also when the first trade closes in small profit, and the second trades is there the stoploss goes to breakeven and gets out too fast. When this happens the stoploss should be at the top or bottom of the closed candle to give it a little room so it won't close to fast and can maybe catch more trend because it does happen. thanks



You are right about Quote:

[SteveHopwood]

Nice looking EU setup forming here.

The next 'big number' of 1.4 is close, so I pulled out to a wider view, then looked at the weekly and monthly charts. These seem to show that 1.4 doesn't make a lot of difference in either direction. The monthly indicates that EU is quite high in historical terms, and so can perhaps be expected to fall.

[rewing]

[QUOTE=SteveHopwood;4541]Hehe. Originally, the difference was that RR's worked and mine was rubbish. We spent a lot of time over at FF trying to make the thing work properly as it appeared promising. Eventually, I just gave up.

Steve....

I liked your robot, not because it made money or not, but I could use it on either daily or 4hr chart on separate demos to notify me that a trade setup had occurred. I could then use S&R, or other tools to decide whether to enter and also my money management.
Sorry, but I did not thank you properly at FF, but consider this acknowledgement of your contribution(s) to our forum
Ron

[AshFX]

Today I see 4 setups:

EUR/USD
USD/CHF
AUD/USD
NZD/USD

However, I will not be taking any of them because:

a) The signal candles are too long.
b) The stochastics look too choppy.

Ash

[Vetmxracer]

Hey Steve what about using the ATR candle length indy as a additional filter for the EA. I posted that a few pages ago. I think i posted it in FXAW also. Thanks Todd

[AshFX]

Originally Posted by Zilosxp

audnzd is crashing! already hit S2 on my autopivot indicator

Didn't you move your SL to BE yesterday?

[SteveHopwood]

Originally Posted by AshFX

Today I see 4 setups:

EUR/USD
USD/CHF
AUD/USD
NZD/USD

However, I will not be taking any of them because:

a) The signal candles are too long.
b) The stochastics look too choppy.

Ash

Thanks Ash. You must sometimes get tired of constantly repeating yourself. Please don't stop, will you. This post really helped me.