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AshFX Daily

  • #361
  • Jun 23, 2008 10:25pm Jun 23, 2008 10:25pm
I'll be showing my newb-ness here for sure, but I haven't used the PSAR in depth at all.

I just noticed something interesting, though... when the dot changes sides, its value is the same as the most recent corresponding swing high or low.

So in other words, the value of the USDJPY dot on 6/20 is 108.57, which is the same swing high value of the candle on 6/16 from which it is calculated.

Most of you probably already know this, but it will help me figure out where to place my stops for secondary trades in the future.

-Dave
  • #362
  • Jun 23, 2008 10:41pm Jun 23, 2008 10:41pm
Quoting dolphin
Hi Ash,
What is your SL for the USDJPY? and how did you calculate it please? Also, What was the price you entered short?
I think what is happening here is going to be a very good example of money management.
Ash, sorry, you did already answered my questions in post #359.
Thank NuclearSecret for post #361.
  • #363
  • Jun 24, 2008 12:22am Jun 24, 2008 12:22am
I've downloaded the new version from Ron and hopefully completed the amendments suggested by Nvwine. All compiled and attached.
Do not focus on making money; focus on protecting what you have.
  • #364
  • Jun 24, 2008 12:58am Jun 24, 2008 12:58am
Quoting Why Oh Why
I've downloaded the new version from Ron and hopefully completed the amendments suggested by Nvwine. All compiled and attached.
I think I've edited the wrong StochMain - there are quite a few. Any chance of attaching your amended EA Nvwine with all your settings? Sorry to be a nuisance.
Do not focus on making money; focus on protecting what you have.
  • #365
  • Jun 24, 2008 2:08am Jun 24, 2008 2:08am
Quoting ljr
According to Ash's pdf the first take profit = the risk.

For my trade I entered at 10334 so stop loss would be at 10434 (100 pips) and take profit 1 will be 10234 (100 pips)
Good stuff. Let's wait and see what happens.
  • #366
  • Jun 24, 2008 5:47am Jun 24, 2008 5:47am
Quoting ljr
Ash what would you do if AO changes before the first TP is hit? Would you exit the trade or let it run?
If it is in profit, I would exit, else I would let it run.
  • #367
  • Jun 24, 2008 7:08am Jun 24, 2008 7:08am
Quoting Why Oh Why
I think I've edited the wrong StochMain - there are quite a few. Any chance of attaching your amended EA Nvwine with all your settings? Sorry to be a nuisance.
I do not want to post any EAs in this thread. Ron makes corrections properly. I make dirty 'cut and paste', 'work around', type of edits. I feel it is problematic long term to have a bunch of poorly modified EAs spread through a thread. I don't want to turn Ash's thread into a discussion of which EA is better and which version is correct. I am doing more back testing. If I find additional areas that I think Ron may want to look at I will post it.

As I said in a previous post the EA trades as written just very seldom. This does not mean the EA is not working properly. The EA is mechanical. It does not use common sense. These EAs are not designed to enter SS Trades. I have attached a chart for the GBPUSD. I'm sure if you traded manually you would find more than 2 entries in 3 months. I checked all of them and the EA with default settings was trading properly in my opinion.

Any results posted from the EAs should not be considered when evaluating Ash's system. It is not easy to get an expert to trade the same as a skilled eye following all the rules.

I don't know if changing the Stoch values is the proper way to increase EA trades. I mentioned what I did before for debugging purposes.
If you do want to play with the EA, the two lines where I modified the Stoch values for my back test were next to each other in the Signal Begin(Entry) section of the EA. You could try some numbers like I did below. If you enter too many bad trades you will have to move closer to the defaults.
Inserted Code
if(AC1 > AC2 && AO1 > AO2 && PSAR < Middle && iOpen(NULL, 0, Current + 0) < iClose(NULL, 0, Current + 0) && [b]StochMain < 80 && StochSignal < 70[/b] && StochMain > StochMain1 && StochSignal > StochSignal1 && StochMain > StochSignal) Order = SIGNAL_BUY;
if(AC1 < AC2 && AO1 < AO2 && PSAR > Middle && iOpen(NULL, 0, Current + 0) > iClose(NULL, 0, Current + 0) && [b]StochMain > 20 && StochSignal > 30[/b] && StochMain < StochMain1 && StochSignal < StochSignal1 && StochMain < StochSignal) Order = SIGNAL_SELL;
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd ash trades EA.gif Size: 52 KB
  • #368
  • Jun 24, 2008 7:45am Jun 24, 2008 7:45am
usd/jpy at is like watching paint dry

35 pips movement up and down in the last 5 hours.
  • #369
  • Jun 24, 2008 7:45am Jun 24, 2008 7:45am
I've changed the EAs so the Stoch level requirements are variable.

StochUpper is the limit the Stoch main and signal must be below in order to be a BUY

StochLower is the limit the Stoch main and signal must be above in order to be a SELL
Attached File(s)
File Type: mq4 AskFX Entry Only.mq4   11 KB | 774 downloads
File Type: mq4 AskFX.mq4   17 KB | 788 downloads
  • #370
  • Jun 24, 2008 7:46am Jun 24, 2008 7:46am
Quoting nvwine
I do not want to post any EAs in this thread. Ron makes corrections properly.
Thanks for your detailed post. I'll leave well alone then. I have just noticed that the first trade was opened and closed over my night and I didn't notice. It had a trailing stop which closed at -22 pips.
Do not focus on making money; focus on protecting what you have.
  • #371
  • Jun 24, 2008 7:57am Jun 24, 2008 7:57am
Quoting nvwine

I don't know if changing the Stoch values is the proper way to increase EA trades...
If there's anything I've learned about Ash's systems is that they generally take a lot of time between signals on a single pair, and there's good reason for that.

Mechanical trading revolves around one main concept: The market has repeated-predictable imperfections where we can determine which way it needs to go.

So, yes, I guess it's okay to relax the rules just to make sure the EA takes the trades, but once that's established, return the settings to the system spec.
  • #372
  • Jun 24, 2008 8:00am Jun 24, 2008 8:00am
Quoting Ronald Raygun
I've changed the EAs so the Stoch level requirements are variable.
Thanks Ron. All loaded and I'm gonna stick with defaults for the rest of the week and see where we go from there.
Do not focus on making money; focus on protecting what you have.
  • #373
  • Jun 24, 2008 10:59am Jun 24, 2008 10:59am
What is the veiw on usd/jpy still hold for another day?

Is there any milage left in it?

AC and AO red but stoch is crossing now below 50
  • #374
  • Jun 24, 2008 11:44am Jun 24, 2008 11:44am
Still having the CJ going. DD 65

EU popped up and disappeared with a SL.

UJ initiated, DD 26
  • #375
  • Jun 24, 2008 12:43pm Jun 24, 2008 12:43pm
Quoting logic38
What is the veiw on usd/jpy still hold for another day?
Yep, I'm holding my short till I hit my TP!
  • #376
  • Jun 24, 2008 12:58pm Jun 24, 2008 12:58pm
Quoting rorieu
Ash

can you explain (in detail (by marking the chart ?)) the 300 pips, you must have entered around 165.18?

R
Hi Ror,

Yes, I entered my SS Long Trade for Eur/Jpy at the opening of the new candle, i.e. 165.18. My SL was at the swing low, which was @ 161.73.

My 1st TP (as outlined in the PDF manual in the first post), is equal to the same number of pips of the close of the candle minus the low, which is 165.17 - 162.24 = 293 pips. This TP was hit, and I moved my SL to break even.

The second TP was when the AO closed as red. This occured yesterday, at which point I closed my long for an additional 215 pips.

So in total, on that trade I made around 500 pips.

Hope the pic makes things clearer.

Thanks.

Ash
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_long_ash_24.gif Size: 22 KB
  • #377
  • Jun 24, 2008 1:18pm Jun 24, 2008 1:18pm
Originally Posted by logic38 http://www.forexfactory.com/images/buttons/viewpost.gif
What is the veiw on usd/jpy still hold for another day?



thanks for your advice Ash!
  • #378
  • Jun 24, 2008 5:13pm Jun 24, 2008 5:13pm
Hi Ash
You mentioned S/R and Fibs being very important
as we are looking at the daily charts do you only use
S/R and Fibs from the daily charts and nothing else.
thanks
  • #379
  • Jun 24, 2008 5:39pm Jun 24, 2008 5:39pm
I'm still holding the short on usd/jpy, currently up just 5 pips.
I don't see any new entries for today on FXDD.

I'm testing this system using IBFX also. I'll check that when their new day starts at 8:00 PM EST (USA).

bye
dave
Is it Break Time yet?
  • #380
  • Jun 24, 2008 6:45pm Jun 24, 2008 6:45pm
Ash,

It is a wonderful system and hope to gain pips with this system. I have ibfx mt4 and in your posts you recommend fxdd to base our trade on. I went to their site, they only offer demo for 90 days. Do you know if they let you renew demo or open yet another one so that I keep using it without opening a live account with them at this point?

Thanks

Akalra
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