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AshFX Daily

  • #81
  • Jun 17, 2008 3:33am Jun 17, 2008 3:33am
Quoting ljr
Ash do you think it matters which platform a person uses? I would imagine this system should work on any platform and any timezone, although I understand that would produce different entries and results but overall should still work.
I really can't say. All I know is I've tested it extensively on FXDD Demo, which is why I propose that.
  • #82
  • Jun 17, 2008 3:35am Jun 17, 2008 3:35am
Quoting ince07
Hi Ash,

Thanks once again for another wonderful system. I will be trading it. Just to check with ya, have u been trading this system live n how long have u been trading it?

Thanks again for sharing and i will keep u posted on e live trade results.

Andrew.
Hi mate,

Been trading it live for around 1 month now. I had demoed it for many weeks before that, and the system development started actually around the same time as Pip Nailer. I kept on tweaking until this is my final result.
  • #83
  • Edited 5:21am Jun 17, 2008 4:30am | Edited 5:21am
Quoting logic38
http://www.forexfactory.com/attachment.php?attachmentid=122274&stc=1&d=1213695302[/IMG]

Hi I dont know how to place a chart on the forum so this link should show you a picture of my gbp/chf trade that I set up on my live account last night, I got stopped out at 117 pips
I Followed the rules
ac green
ao green
stock cross just above 20 and pointing up
yesterdays candle closed above daily pivot point,
So all looking good for a long
I know you can not have a pefect system an you have to expect loses but is there anything else I could look out for, to try and reduce my loses
Thanks
I checked this trade and you are mistaken, it's not closed out for a loss.

Remember, you're supposed to enter as soon as all conditions are met. Look at my picture. That is where all conditions were met. So you would have entered at market opening, which was 2.0372, and placed your SL at the swing low (which is 2.0224). This trade is not over yet.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_ash.gif Size: 28 KB
  • #84
  • Jun 17, 2008 4:48am Jun 17, 2008 4:48am
Thanks Ash!

I now understand
  • #85
  • Jun 17, 2008 5:25am Jun 17, 2008 5:25am
Quoting logic38
Thanks Ash!

I now understand
No probs dude. I am editing the PDF manual to make the rules clearer!

If anyone is unsure, just ask.
  • #86
  • Jun 17, 2008 5:41am Jun 17, 2008 5:41am
Updated PDF now uploaded on to 1st post.
  • #87
  • Jun 17, 2008 5:51am Jun 17, 2008 5:51am
Thanks so much, Ash!

I just downloaded FXDD demo and indeed the difference in setups is really huge... for example on that GBPCHF trade, on North Finance (GMT+3) the chart presented all the characteristics on June 12 for an open of 2.0251... and AC stopped meeting the "green" standard on yesterday's daily candle...

Did you made a comparison about which time zone was giving better setups? that would be interesting to watch. The thing is that at least 100 days would be needed to have a balanced overview... Maybe I'll start doing it, I guess that in the end it should be averaging more or less the same...
  • #88
  • Jun 17, 2008 5:57am Jun 17, 2008 5:57am
I'm wondering Ash, how close is my EA?
  • #89
  • Edited 6:17am Jun 17, 2008 6:05am | Edited 6:17am
Quoting Ronald Raygun
I'm wondering Ash, how close is my EA?
Hi Ron, are you sure this is correct? Your code:
PHP Code
double StochMain = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_MAIN, 0);
double StochSignal = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_SIGNAL, 0);
double StochMain1 = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_MAIN, 0);
double StochSignal1 = iStochastic(NULL, 0, 5, 3, 3, MODE_SMA, 0, MODE_SIGNAL, 0);
It looks like these are assigned the same Stochastic outcomes.

Sorry to butt into the thread. I have always admired your coding style. It is very logical and well laid out.
  • #90
  • Jun 17, 2008 6:16am Jun 17, 2008 6:16am
Quoting Ronald Raygun
I'm wondering Ash, how close is my EA?
Ron, I'm not a programmer so I can't really say.

Tell me which parts of the rules you don't understand.
  • #91
  • Jun 17, 2008 6:17am Jun 17, 2008 6:17am
You know, I think you're right. The second set of Stochs should have a bar shfit of +1.

See attached. Thanks for pointing it out smjones.
Attached File(s)
File Type: mq4 AskFX.mq4   17 KB | 757 downloads
File Type: mq4 AskFX Entry Only.mq4   11 KB | 785 downloads
  • #92
  • Jun 17, 2008 6:18am Jun 17, 2008 6:18am
Quoting smjones
Sorry to but into the thread. I have always admired your coding style. It is very logical and well laid out.
No way mate, you're not butting in at all. It's a pleasure to have an experienced Factory member like you to participating in one's thread.
  • #93
  • Edited 6:33am Jun 17, 2008 6:22am | Edited 6:33am
Quoting Ronald Raygun
You know, I think you're right. The second set of Stochs should have a bar shfit of +1.

See attached. Thanks for pointing it out smjones.
OH please, call me Scott. smjones is some old fart.

Forexmoments, thanks for your note. It is a interesting approach and I like the longer time frame and following the trend.
  • #94
  • Jun 17, 2008 6:33am Jun 17, 2008 6:33am
Quoting forexmoments
Ron, I'm not a programmer so I can't really say.

Tell me which parts of the rules you don't understand.
This is how the EA was meant to perform.

BUY:

  1. AC Green
  2. AO Green
  3. PSAR Below Price
  4. Candle Long
  5. Stoch Main less than 50
  6. Stoch Signal less than 50
  7. Stoch Main greater than Stoch Signal
  8. Stoch Main greater than previous Stoch Main
  9. Stoch Signal greater than previous Stoch Signal

SELL:

  1. AC Red
  2. AO Red
  3. PSAR Below Price
  4. Candle Short
  5. Stoch Main greater than 50
  6. Stoch Signal greater than 50
  7. Stoch Main less than Stoch Signal
  8. Stoch Main less than previous Stoch Main
  9. Stoch Signal less than previous Stoch Signal


Is that correct?

Quoting Pipsnagger
wow the same questions everytime u post a EA....RR u certainly must get tired of it. maybe some could take 5 minutes to understand basics of something they would use in trading...EA 101....much easier to be spoon fed like a baby instead of taking a micro second to use google I guess so we have to go through another 100 post to tell people what folder to put the EA in and what some of the variables mean.....
Clearly. It's a shame really that some people think forex is a get-rich-quick-every-day-scheme. They just don't seem to understand that the get-rich-quick part lasts 2 weeks about once a year. The most recent one I caught was From November 1 to November 20s. The same time another member on this forum turned 1k into 100k. I'm waiting for the next one to come around.

Occassionally there is someone who is genuinely interested and I take them under my wing provided that they spread the knowledge. And they've done a pretty good job of that for the most past.

EA 101 would be nice, there's a PDF by someone on google and I just direct people to that. I'd like Merlin to code some feature into the Forums to let us save autoresponses or macro-like responses for FAQs.

I would say maybe 20% of the Ozfx thread is full of those exact same questions lol.
  • #95
  • Jun 17, 2008 6:55am Jun 17, 2008 6:55am
Quoting Ronald Raygun
This is how the EA was meant to perform.

BUY:

  1. AC Green
  2. AO Green
  3. PSAR Below Price
  4. Candle Long
  5. Stoch Main less than 50
  6. Stoch Signal less than 50
  7. Stoch Main greater than Stoch Signal
  8. Stoch Main greater than previous Stoch Main
  9. Stoch Signal greater than previous Stoch Signal

SELL:

  1. AC Red
  2. AO Red
  3. PSAR Below Price
  4. Candle Short
  5. Stoch Main greater than 50
  6. Stoch Signal greater than 50
  7. Stoch Main less than Stoch Signal
  8. Stoch Main less than previous Stoch Main
  9. Stoch Signal less than previous Stoch Signal

Is that correct?



Clearly. It's a shame really that some people think forex is a get-rich-quick-every-day-scheme. They just don't seem to understand that the get-rich-quick part lasts 2 weeks about once a year. The most recent one I caught was From November 1 to November 20s. The same time another member on this forum turned 1k into 100k. I'm waiting for the next one to come around.

Occassionally there is someone who is genuinely interested and I take them under my wing provided that they spread the knowledge. And they've done a pretty good job of that for the most past.

EA 101 would be nice, there's a PDF by someone on google and I just direct people to that. I'd like Merlin to code some feature into the Forums to let us save autoresponses or macro-like responses for FAQs.

I would say maybe 20% of the Ozfx thread is full of those exact same questions lol.

The first three conditions are correct of course, but I don't understand what you're trying to say with Stoch Main and Stoch Signal. What does "main" and "signal" represent?
  • #96
  • Edited 7:15am Jun 17, 2008 7:03am | Edited 7:15am
Quoting forexmoments
The first three conditions are correct of course, but I don't understand what you're trying to say with Stoch Main and Stoch Signal. What does "main" and "signal" represent?
He is referring to how it is addressed in MT4 See the screenshot below.

Edit: Although, I wonder how effective the Stochastic is. It looks like you are taking trades when there is a cross below 50 for buy and above 50 for sell and Ron's program requires both main and signal to be below 50 for a buy and above 50 for a sell. this is not how the chart you posted in your PDF looks. Take a look at the 05/12/2008 buy and see that actually, the main is above 50, but the cross is below 50.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_066.gif Size: 6 KB
  • #97
  • Jun 17, 2008 7:20am Jun 17, 2008 7:20am
Quoting smjones
He is referring to how it is addressed in MT4 See the screenshot below.
Understood, thanks.

Yep, that is correct Ron (for the main signals).
  • #98
  • Jun 17, 2008 7:22am Jun 17, 2008 7:22am
Quoting smjones
Edit: Although, I wonder how effective the Stochastic is. It looks like you are taking trades when there is a cross below 50 for buy and above 50 for sell and Ron's program requires both main and signal to be below 50 for a buy and above 50 for a sell. this is not how the chart you posted in your PDF looks. Take a look at the 05/12/2008 buy and see that actually, the main is above 50, but the cross is below 50.
Right, but I have covered this in the PDF. Maybe I didn't explain it properly at first. However, these are known "Secondary Trades", and are valid signals.
  • #99
  • Jun 17, 2008 7:29am Jun 17, 2008 7:29am
Quoting smjones
OH please, call me Scott. smjones is some old fart.

Forexmoments, thanks for your note. It is a interesting approach and I like the longer time frame and following the trend.
Oh please, call me Ash. Forexmoments is so 80's...

  • #100
  • Jun 17, 2008 7:44am Jun 17, 2008 7:44am
To Ronald:

I haven't read your code yet but am wondering this as I don't see it reflected in your features list:

About the SAR characteristics (for a "first strength" trade entry):

We're supposed to enter after the close of the first candle (= on the open of the second candle) on which the PSAR has changed places. That would mean the previous PSAR is on the same side, and the second previous is on the other side.

So the conditions on the list would be (let's say on Day1, Day2, Day3):

for LONG entries:
PSAR below price (Day 3) > PSAR previous candle (Day 2) < PSAR Day 1 (which would be above price).

for SHORT entries:
PSAR above price (Day 3) < PSAR previous candle (Day 2) > PSAR Day 1 (which would be below price).

If it's already taken account of, please disregard this message
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