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AshFX Daily

  • #201
  • Jun 19, 2008 8:55am Jun 19, 2008 8:55am
chf/jpy looks to be the best of the three to me imho. with stochs where they are, have to see how it ends.
by Thich Nhat Hanh "Smile, breathe and go slowly."
  • #202
  • Jun 19, 2008 8:58am Jun 19, 2008 8:58am
Thanx for the reply Pete. Yes I figured I jumped the gun a little, hoping that the candle would turn, or run short. will just have to wait it out now and see what happens. Everything else looked good... however.... patience is needed
doc
  • #203
  • Jun 19, 2008 9:04am Jun 19, 2008 9:04am
Quoting Farmboy
chf/jpy looks to be the best of the three to me imho. with stochs where they are, have to see how it ends.
I concur, CHFJPY is looking like the best candidate. The stochs line up and it's also at what seems to be a strong forming resistance point. I expect to jump on this one later. The other two I'm not so sure about.

BTW, my USDCAD trade is still looking good.
  • #204
  • Jun 19, 2008 9:16am Jun 19, 2008 9:16am
Quoting RickyRudy
I concur, CHFJPY is looking like the best candidate. The stochs line up and it's also at what seems to be a strong forming resistance point. I expect to jump on this one later. The other two I'm not so sure about.

BTW, my USDCAD trade is still looking good.
ya i demoed that yesterday. looking good
by Thich Nhat Hanh "Smile, breathe and go slowly."
  • #205
  • Edited 10:37am Jun 19, 2008 9:55am | Edited 10:37am
Ron,

Thanks for your work on the EA.
It always takes a while to get the bugs out of any EA. I think there are a couple of modifications that can be looked at. There is not an allowance for Second Strength Trades. The Stoch settings may need to be relaxed a little.

More important, from my tests I think that when Each Tick Mode is set to False the following line of code prohibits any trade entries.
((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount)))
Neither side of the Or operator is ever equal.I may be wrong. I'm not a programmer. The tester program does not always reflect forward trading.

Edit: I read Ron's response. I must be in error. Ignore this post.
  • #206
  • Jun 19, 2008 10:01am Jun 19, 2008 10:01am
Quoting nvwine
More important, from my tests I think that when Each Tick Mode is set to False the following line of code prohibits any trade entries.

((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount)))
Neither side of the Or operator is ever equal. I may be wrong. I'm not a programmer. The tester program does not always reflect forward trading.
Even if you're wrong thanks for taking such a close look at this. I have each Tick Mode set to False on 12 pairs which may explain why I've had no trades. I look forward to the reply from Ron.
Do not focus on making money; focus on protecting what you have.
  • #207
  • Jun 19, 2008 10:09am Jun 19, 2008 10:09am
Quoting Why Oh Why
Even if you're wrong thanks for taking such a close look at this. I have each Tick Mode set to False on 12 pairs which may explain why I've had no trades. I look forward to the reply from Ron.
I assure you that EachTickMode works properly. Allow me to explain those bits of code:

Inserted Code
((EachTickMode && !TickCheck) || (!EachTickMode && (Bars != BarCount)))

If EachTickMode is true and there is a new tick, OR EachTickMode is false, and there is a new bar....[do what's next]
  • #208
  • Jun 19, 2008 10:14am Jun 19, 2008 10:14am
Quoting Ronald Raygun
I assure you that EachTickMode works properly.
And thanks for your quick reply Ron. I'll just leave well alone then.
Do not focus on making money; focus on protecting what you have.
  • #209
  • Jun 19, 2008 10:42am Jun 19, 2008 10:42am
Hee guys.

First order was placed.
When I added the CHFJPY pair just now, the platfrom took 2x the position [email protected]

Freddy
  • #210
  • Jun 19, 2008 11:01am Jun 19, 2008 11:01am
Quoting Freddyfx
Hee guys.

First order was placed.
When I added the CHFJPY pair just now, the platfrom took 2x the position [email protected]

Freddy
I guess this was on the AshFX EA? and not the Entry-Only EA?

It's supposed to open two orders.
  • #211
  • Jun 19, 2008 11:07am Jun 19, 2008 11:07am
Quoting Freddyfx
First order was placed. When I added the CHFJPY pair just now, the platfrom took 2x the position [email protected]
Unfortunately, I'm not on that pair so still waiting.
Do not focus on making money; focus on protecting what you have.
  • #212
  • Jun 19, 2008 12:35pm Jun 19, 2008 12:35pm
EXACTLY

Quoting Ronald Raygun
I guess this was on the AshFX EA? and not the Entry-Only EA?

It's supposed to open two orders.
  • #213
  • Jun 19, 2008 1:14pm Jun 19, 2008 1:14pm
Quoting tonny47
Thank you AshFX for your thread, i have been trading a similar system over past 2 months (demo only) and i have used your knowledge there to improve it. E.g. didnt use support and resistance before as i didnt realise how powerful they are... and your targets and SL make sense. i was using fixed sl and tp for all my trades, which was rather inflexible and i keep leaving many pips `on the table`. Once again, thanx
Will be soaking as much knowledge as i can (and my time allow).
Exactly dude. I prefer price action to determine my SL and TP. Using fixed stops and tp's are way too rigid. Not saying they don't work, but price action rules. Maybe some systems suit fixed SL/TP, (e.g. scalping systems), but mine definitely doesn't.

On that note of price action, this is why I really insist on budding traders (like myself), to get to grips with Support and Resistance. I'm glad you have taken my advice on board.
  • #214
  • Jun 19, 2008 1:40pm Jun 19, 2008 1:40pm
Quoting moshnjack
hello Ash, sorry i'm not very well in english, what do you mean by the sentence that i quoted above?

and the other question is when we actually execute entry point?
as the attachment, we should always execute entry point after the requirement occur right?

and last, when we know the S/R level?
It means that if the PSAR is below the candle, then the candle must be green. If the PSAR is above the candle, then the candle needs to be red.

You only enter when you see the first PSAR dot. You can't enter after 3/4 dots have appeared.

S/R levels are something that can't be explained in 1 post. You need to practice, and train your eye. There are many threads on Forexfactory dedicated to Support and Resistance.
  • #215
  • Jun 19, 2008 1:41pm Jun 19, 2008 1:41pm
Quoting mitchp
Ash,

Thanks for the great system, I started using it yesterday and been in positive pips ever since. It doesn't get much easier than this.

Mitch
Wowser, talk about 0 to 60...
  • #216
  • Jun 19, 2008 2:34pm Jun 19, 2008 2:34pm
Quoting Docjazz
How about this one Ash.. did I jump the gun?
Doc
Looks like it mate. Remember - candle needs to close before making a decision.
  • #217
  • Jun 19, 2008 2:35pm Jun 19, 2008 2:35pm
Hi Ron,

I've been testing the EA on strategy tester in visual mode, for a perfect entry day (GBP/USD, 17/4/08) and it didn't take the trade,
so then I used it from jan 07 to today in normal mode, got 90% modelling quality but no trades,
journal is ok, also I downloaded the history file

I'm not keen on using the strategy tester but I just want to be sure the EA will take trades,
please could you check it ? cause I may be doing something wrong.

thanks,
Steve.
  • #218
  • Jun 19, 2008 2:51pm Jun 19, 2008 2:51pm
Quoting RickyRudy
I've spotted 3 setups that seem promising. They are AUDUSD (long), NZDUSD (long) and CHFJPY (short). Once again you have to wait until close of candle for confirmation. Also keep in mind that AUD and NZD are highly correlated pairs so taking both may be equavalent to being in the same trade with two different currencies, thereby increasing your risk exposure. I've attached the charts.

EDIT: The AUDUSD and NZDUSD stochs may not be ideal, so I don't know whether Ash would consider them to be valid Second Strength trades. Ash could you comment on this as we get closer to 5pm EST?
Excellent analysis Rick. Yes, you are correct, I would consider the AUD/USD and NZD/USD trades to be invalid, since the Stochs have crossed the 80 line. Obviously the candles haven't closed yet, so can't say for certain, although it seems that way.

As for the CHF/JPY, it's looking like an excellent potential setup.

Lets just wait for the candle close. Will update in an hour (i.e. at start of new FXDD day).

Ash
  • #219
  • Jun 19, 2008 2:51pm Jun 19, 2008 2:51pm
I've spotted 3 setups that seem promising. They are AUDUSD (long), NZDUSD (long) and CHFJPY (short).


Ricky, I took the AUDUSD and NZDUUD trades the other day, I'm nowp 170 pips total - love this system!

Mitch
  • #220
  • Jun 19, 2008 2:53pm Jun 19, 2008 2:53pm
got it working now by switching to every tick mode, but still not working in close bar mode, so there definitley seems to be something wrong?

Steve
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