Steve Hopwood's new AshFX V2 auto-trading robot

[SteveHopwood]

I have added 'big number' support and resistance functionality to the robot. Details on page 3 of the user guide.

As always, this is subject to forward testing on demo. The code is pretty straightforward, but please report any bugs that have crept in.

[AshFX]

This is something that has been exceedingly difficult over the years - specifically, to implement Support and Resistance for an EA. For example, the AshFX V2 System relies heavily on price action/S&R, yet all the EAs that have been developed for it have failed to implement these features, due to it's dynamic nature.

However, the first steps have been taken in tackling such a problem, and although I've expressed my doubts about EAs many a time over the past few years, it's actually refreshing to see a coder such as Steve attempting this. Good luck is all I can say.

[SteveHopwood]

There is no pretending that a mql-coded robot can ever come close to having the instincts, understanding and experience of a good, manual trader.

What I have added is a blunt instrument unlikely to become much sharper. Ah well, as you say Ash, this is a start. Who knows where fresh insights may lead?

So far, on demo the robot has taken trades I would have taken and rejected those I would have rejected. Looking good so far.

[SteveHopwood]

Originally Posted by Shiva

Hey Steve, great work and thanks Are you planning to build position management in this EA like ur other EA?

Returning to this, although it is impossible to code a proper mm module because of the dynamic nature of the stop loss, it is still possible to code an imprecise one.

My KG Range robot uses the formula of x lots per x percentage of the account balance, both customisable by the trader. Is this any use here?

[moondog]

Originally Posted by SteveHopwood

.

My KG Range robot uses the formula of x lots per x percentage of the account balance, both customisable by the trader. Is this any use here?

Hi Steve,

Back to Business:

As promised I started testing the basic core functionality of your program, from D1 down to M1 !, ( just an initial functionality shake down, speeding time up and not looking for profits at that stage)...and it performed brllliantly....
I have not really tested any of the whistles and bells yet, just one pair and a one step at a time approach, but all has gone very well with only a couple of minor issues to address.

This will be a great AshFx trading tool for conditional auto-sending of orders and trade management, especially when I should be sleeping, (unlike our night-owl Ash !!).

I am trading full time, ha ha, most of the time is actually waiting for specific setups, so I am really full time waiting and part time trading and forever learning!, so I am pretty dedicated to forex and also have a good systems and software engineering background. (Not an mql expert! only rookie) but I can relate to and read specific mql code, when needed) .

Initial testing therafter (normal trading basis) was on the D1 and H4 TF's using the GBPJPY over the period 01/01/09 to date and limited to ;

Valid/Invalid AshFx Signal Rules
Opening/Closing of trades/ BE
PartClose/CloseLots/PreserveLots
CandleLengthLookBackBars/CandleLengthOverAverage
AllowableWickPercentage

Finished now in this regard, so I will put pen to paper and document some initial findings, comments, screenshot etc and send to you in a PM over the weekend prob. Sunday.

Other work that I envisage at a later stage will be to tailor the settings and optimisation frequency for specific pairs through optimisation and analysis.

When the change status looks stable I will put it on a 24/5 vps demo test to log the whole broker/ea thing.

Regarding your comment above about Money Management, I think it would be a great feature to add some basic/simple MM facilty for us lazy ones but it will also be a great feature for risk scenario testing on back data etc.

Its Sundowner Time
Moondog

[SteveHopwood]

Cheers moondog. I hope the sundowners are good.

For sure, the robot appears to be behaving as it should. I look forward to your comments on Sunday.

Thanks for the time you have spent on this. I lack an eye for detail, and so appreciate your work all the more.

[Rob]

nice work!

[SteveHopwood]

Thanks Rob.

I have added the basic money-management module requested by moondog. Details in the user guide - use the one attached here; the old one has a reference to a mm feature that did not actually exist.

[Om_Salat]

Hi Steve,

First of all, let me thank you for the work you've put into making this EA. I'm a newbie to the AshFX daily system and this EA sure would help me a lot understanding the system while I learn to trade the system manually.

One suggestion if I may? The CandleLengthLookBackBars parameter, could you use the ATR for it instead. That way users don't have to check the average candle length for each currency pairs we want to use the EA to trade with. Instead, we just have to choose whether to use the specified parameter or not and how many candles back we want to average.

For ATR, I usually use a 20 days (1 month) range.

I'm attaching the indicator I'm using to calculate the daily ATR. I'm no programmer but maybe it's useful to you. (copy paste the subroutine? )

One question. Does your EA works on H4 chart too or does it only work on D1 chart only?

Salat

[SteveHopwood]

Thanks, Salat. I will leave things as they are because they appear to be working well.

Just to confirm, the robot will trade any time frame. Whether it can be successful on anything but the D1 is open to question. Try it and see.