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  • #101
  • Jun 17, 2008 9:45am Jun 17, 2008 9:45am
Hi Ash,
Was just checking out the system. Very ingenious!. and also very simplistic for any noobs starting....I'm not a diehard longtime trader ( 1yr) but this sys def does show some merit!. I just took a nice little trade on nzd/usd as everything was set up on D1. will see what happens. Am just gonig for small pips at the mo, but if sys proves solid, will take more.
thanx for the sys
Doc
ps.. nicely explained in the PDF!
  • #102
  • Jun 17, 2008 9:54am Jun 17, 2008 9:54am
Quoting doblece
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

It's there don't worry. It's through the EachTickMode feature.

If set to true, the EA will take a signal as soon as it sees one.
If set to false, the EA will take a signal at the end of the bar.

Some people think it's better to enter when you see the signal, and others think it's better to enter at the close of a bar.
  • #103
  • Jun 17, 2008 11:16am Jun 17, 2008 11:16am
Quoting Ronald Raygun
It's there don't worry. It's through the EachTickMode feature.

If set to true, the EA will take a signal as soon as it sees one.
If set to false, the EA will take a signal at the end of the bar.

Some people think it's better to enter when you see the signal, and others think it's better to enter at the close of a bar.
Ok, thanks, I have read it now.
However I still don't see how do you reflect the fact that the signal has to be the FIRST PSAR dot above or below the "current" candle (be it "0" or "1") as the formula only specifies PSAR value should be higher or lower than the "Middle" variable but doesn't require previous candle (which would be "current +1") to be of inverse value.

Wouldn't it be taking trades on ANY subsequent candle that still meets the rest of the conditions even if it is not the FIRST one (if signal taken at once) or the SECOND one (if taken at the next candle open from the signal)?

Thanks for the patience
  • #104
  • Jun 17, 2008 12:10pm Jun 17, 2008 12:10pm
Hi Ash,

Thanks again for your system, just to check with u on your data feed, is FXDD the same as InterbankFX, the same one u use for your pip nailer??

Sorree for th3e trouble, just checking

Andrew
  • #105
  • Jun 17, 2008 12:17pm Jun 17, 2008 12:17pm
I read the first couple pages of this thread and will read the rest when I make a bathroom break. It looks interesting. So far I see USDCAD shaping up for a sell. It looks to be close to a resistance point so a sell looks good. I actually entered a sell a couple days ago in another system I'm demoing so this is even more confirmation. I'll be demoing this system and providing input where appropriate. Thanks Ash.
  • #106
  • Jun 17, 2008 12:56pm Jun 17, 2008 12:56pm
Quoting ince07
Hi Ash,

Thanks again for your system, just to check with u on your data feed, is FXDD the same as InterbankFX, the same one u use for your pip nailer??

Sorree for th3e trouble, just checking

Andrew
For this system, use FXDD.
  • #107
  • Jun 17, 2008 1:13pm Jun 17, 2008 1:13pm
Guys, take a look at this long trade on the USD/CAD. If todays AO closes as red (once candle has closed), then we would have exited for around 1000 pips (yes ONE THOUSAND). And our SL would have ONLY been around 100 pips.

These are the types of trades that make you an absolute killing, and these are the trades that this system was designed to catch, big time.

A thousand pips in two weeks, on one pair, with a relatively exceedingly low risk. That's what I'm talking about!
Attached Image (click to enlarge)
Click to Enlarge Name: usd_cad_ash.gif Size: 29 KB
  • #108
  • Jun 17, 2008 1:18pm Jun 17, 2008 1:18pm
Ash,
Wouldn't that have been stopped out on 5/29?
And when the stoch crosses on 5/30, it's above the 50, so I wouldn't consider it a valid signal.

Am I misunderstanding something?

Thanks!!
-Dave
  • #109
  • Jun 17, 2008 1:23pm Jun 17, 2008 1:23pm
Quoting NuclearSecret
Ash,
Wouldn't that have been stopped out on 5/29?
And when the stoch crosses on 5/30, it's above the 50, so I wouldn't consider it a valid signal.

Am I misunderstanding something?

Thanks!!
-Dave

NuclearSecret, it's all explained in the PDF my friend. (Hint: it's under the section entitled "Second Trades").

Read it again and if you still don't understand, let me know, happy to explain. Maybe I haven't explained it so well.
  • #110
  • Jun 17, 2008 1:25pm Jun 17, 2008 1:25pm
Quoting forexmoments
NuclearSecret, it's all explained in the PDF my friend. (Hint: it's under the section entitled "Second Trades").

Read it again and if you still don't understand, let me know, happy to explain. Maybe I haven't explained it so well.
Ahhh... I was still reading the "original version." I hadn't grabbed the update from this morning.

Thanks!
  • #111
  • Jun 17, 2008 1:40pm Jun 17, 2008 1:40pm
Hi Ash,

I totally see the potential in this system!!! I just lost a profit because I misunderstood the trailing stop - but that's the human factor

I'm in the same pair for a short ride since yesterday. I saw the signal and entered - may I ask when you took the picture? Because I see the second red candle and you don't?! Maybe you took the picture yesterday but if not there is something strange / exiting in it. I'm using InterFX.

Do you guys think what I think? Maybe it's just a stupid thought of mine and the picture from ash is from yesterday or so ... I'm sure there is some logical explanation in it ...


Quoting forexmoments
Guys, take a look at this long trade on the USD/CAD. If todays AO closes as red (once candle has closed), then we would have exited for around 1000 pips (yes ONE THOUSAND). And our SL would have ONLY been around 100 pips.

These are the types of trades that make you an absolute killing, and these are the trades that this system was designed to catch, big time.

A thousand pips in two weeks, on one pair, with a relatively exceedingly low risk. That's what I'm talking about!
Attached Image (click to enlarge)
Click to Enlarge Name: chart_usd_cad.gif Size: 17 KB
  • #112
  • Jun 17, 2008 2:37pm Jun 17, 2008 2:37pm
Quoting forexmoments
Guys, take a look at this long trade on the USD/CAD. If todays AO closes as red (once candle has closed), then we would have exited for around 1000 pips (yes ONE THOUSAND). And our SL would have ONLY been around 100 pips.
What do you consider the swing low .9818? If so does this mean the Second Strength Trades could have a SL larger than 100 Pips and/or larger than the other method of determining the SL?

When you calculate the SL move to BE using the info from the previous candle do you take the values from the candle that was previous to the entry candle or the candle that is prior to the day when the profits turn positive? On the USDCAD it was several days later.

Wouldn't it be about a 250 pip gain on the long USDCAD trade.
  • #113
  • Jun 17, 2008 2:54pm Jun 17, 2008 2:54pm
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.
is this a new vergin of the EA ?
  • #114
  • Jun 17, 2008 2:57pm Jun 17, 2008 2:57pm
Quoting nvwine
What do you consider the swing low .9818? If so does this mean the Second Strength Trades could have a SL larger than 100 Pips and/or larger than the other method of determining the SL?

When you calculate the SL move to BE using the info from the previous candle do you take the values from the candle that was previous to the entry candle or the candle that is prior to the day when the profits turn positive? On the USDCAD it was several days later.

Wouldn't it be about a 250 pip gain on the long USDCAD trade.
I think I actually see two trades here. the first one was stopped out. Then there was a new first psar dot below for the second trade. The second one looks like the one that ran the distance. I do not know what is meant by 1000 pips though.
Attached Image (click to enlarge)
Click to Enlarge Name: usd_cad_ash.gif Size: 33 KB
  • #115
  • Jun 17, 2008 3:06pm Jun 17, 2008 3:06pm
Quoting yab
is this a new vergin of the EA ?
Yes
  • #116
  • Jun 17, 2008 3:33pm Jun 17, 2008 3:33pm
Quoting Ronald Raygun
Yes
Hi Ron. I have changed the settings on the AshFXOriginal attachment to AshFXSet as you can see in the second attachment. No other settings have been changed. Do the amendments all look "correct" to you please? Or have I changed something which will mess it up?
Attached Images
Do not focus on making money; focus on protecting what you have.
  • #117
  • Jun 17, 2008 3:53pm Jun 17, 2008 3:53pm
Quoting Why Oh Why
No other settings have been changed.
I have changed the magic numbers on each chart actually. Did I need to? It does look very pretty now it's all set up.
Attached Image (click to enlarge)
Click to Enlarge Name: askfx.gif Size: 99 KB
Do not focus on making money; focus on protecting what you have.
  • #118
  • Jun 17, 2008 4:05pm Jun 17, 2008 4:05pm
Quoting Why Oh Why
Hi Ron. I have changed the settings on the AshFXOriginal attachment to AshFXSet as you can see in the second attachment. No other settings have been changed. Do the amendments all look "correct" to you please? Or have I changed something which will mess it up?

Looks like you're in the complete trading system. AshFX as opposed to AshFX Entry Only.


The code ifgnores Takeprofit and Stoploss, and replaces those with the high/low where appropriate.

The trailing stop function will override the existing SL. If the SL due to trailing stop is tighter than the current SL, the SL will be changed. Otherwise, those settings look good.
  • #119
  • Jun 17, 2008 4:15pm Jun 17, 2008 4:15pm
You're correct, AskFX, and thanks for your quick reply. For anyone that's interested, from the time of this post, all AshFX trades made will be updated and published on auto every 5 minutes in my signature below. The previous EA was an unmitigated disaster as you can see. I'm looking forward to a satisfactory performance here and thanks again to you Ron and, of course, Scott and Ash.
Do not focus on making money; focus on protecting what you have.
  • #120
  • Jun 17, 2008 5:31pm Jun 17, 2008 5:31pm
Quoting nvwine
What do you consider the swing low .9818? If so does this mean the Second Strength Trades could have a SL larger than 100 Pips and/or larger than the other method of determining the SL?

When you calculate the SL move to BE using the info from the previous candle do you take the values from the candle that was previous to the entry candle or the candle that is prior to the day when the profits turn positive? On the USDCAD it was several days later.

Wouldn't it be about a 250 pip gain on the long USDCAD trade.
Nvwine - correct, the swing low is exactly that, 0.9818. So yep, if you look at the trade, it was a "Second Strength Trade", because the Stochs has crossed the 50 line, which is why the initial SL would be placed at 0.9818, making the SL = 119 pips to be precise.

So, like I mentioned in the PDF, we always enter two positions of equal size lots. We enter at the start of the next day at 0.9936. The first TP would be equal to the previous candle's close minus it's low, which is 0.9937 - 0.9867 = 70. I.e. our first TP on our first position would be 70 pips. As soon as this is hit, we move our SL on our second position to break even, i.e. new SL is @ 0.9936.

We let the remaning second position ride until the AO closes as a red colour, which happened tonight, thus price closing @ 1.0184. Which meant our second position made us 248 pips.

So in total, for that USD/CAD trade you're looking at 248 + 70 = 318 pips. Hope this makes sense.

(Apologies for my 1000 pip outburst, I had entered multiple positions and got excited, ahem. Been working on different MM strategies for this system but haven't mentioned that as of yet.)
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