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AshFX Daily (EA - MTaboneWeb)

  • #61
  • Jul 23, 2008 11:49am Jul 23, 2008 11:49am
Yes, I agree with the first point. Hope its not too much work to include that as a check.

I will see if I can email or PM Ash to determine the second point.

Thanks.
James The Beekeeper
  • #62
  • Jul 23, 2008 11:53am Jul 23, 2008 11:53am
Quoting edeyj999
Yes, I agree with the first point. Hope its not too much work to include that as a check.

I will see if I can email or PM Ash to determine the second point.

Thanks.
That would be great. I know we had this discussion once before on the AshFX thread, and I was pretty sure that they were NOT independent factors, but your argument is persuasive, so it would be interesting to see what Ash will say.
Greetings from Guanajuato, Mexico
  • #63
  • Jul 23, 2008 2:58pm Jul 23, 2008 2:58pm
Here is what I've compiled for additions to the AshFX EA. Does anyone see anything I missed or have suggestions about the proposed changes?

ADX (DMI) addition (Original post)

Implementing a possible ADX/DMI filter to be used in trading decision (True/False)

Trailing stop options

Add traditional trailing stop
Add trailing stop based on PSAR
Only adjusts stop loss if greater/less than before and if both are set to true then takes whichever one secures the most profit

SS trades

AO must comply

Exit rules

1st trade rides until TP or SL, period.
2nd trade only closes on AO color change if 1st order has hit TP and/or stop loss is set to break even or better (trailing stop has moved the stop loss)
If conditions are right for AO to be considered as a close, then it happens immediately upon the right signal (not on close of bar)

This may confuse people in a situation where the end of the bar doesn't look like it should have been a signal but somewhere along the way it actually was. If during an active bar on any tick the condition is right then the 2nd trade will be closed. Example, long trade may still end in a green bar but somewhere during that bar it was actually less than (red) than previous bar and trade closed.

E-Mail updates

Trade placed (True/False)
Trade modified (True/False)
etc., suggestions?

Does this look right?
  • #64
  • Jul 23, 2008 3:20pm Jul 23, 2008 3:20pm
Quoting mtaboneweb
Here is what I've compiled for additions to the AshFX EA. Does anyone see anything I missed or have suggestions about the proposed changes?
Looks great to me . . . thanks for all the hard work.
Greetings from Guanajuato, Mexico
  • #65
  • Jul 23, 2008 6:22pm Jul 23, 2008 6:22pm
Quoting mtaboneweb
Here is what I've compiled for additions to the AshFX EA. Does anyone see anything I missed or have suggestions about the proposed changes?

Exit rules

1st trade rides until TP or SL, period.
2nd trade only closes on AO color change if 1st order has hit TP and/or stop loss is set to break even or better (trailing stop has moved the stop loss)
If conditions are right for AO to be considered as a close, then it happens immediately upon the right signal (not on close of bar)

Does this look right?
One question now that I look at this again:

If we choose not to employ the trailing stop, is the standard stop loss still automatically moved to BE when the first lot closes per AshFX rules? Thanks.
Greetings from Guanajuato, Mexico
  • #66
  • Jul 23, 2008 7:23pm Jul 23, 2008 7:23pm
Quoting yen44x
One question now that I look at this again:

If we choose not to employ the trailing stop, is the standard stop loss still automatically moved to BE when the first lot closes per AshFX rules? Thanks.
Yes. It would update to break even. Let's say you had a traditional trailing stop plus the PSAR trailing stop. Break even is part of the system and would happen but if you had True on the other 2 as well then the EA would look at each one never countering the other unless it secured more profit for the trade. Obviously once break even is set then if both trailing stops were set to true then they would each in turn try to continuously look to set the bar higher based on their values/calculations but never backwards.

Most people would choose one or the other but it would work just as well with both. If you look at enough charts it would appear that over time the PSAR would really make a good trailing stop gradually ensuring less of a loss and then beyond as a profit protector. As a trend gets closer to the end the PSAR gets closer and closer to the low/high of the current bar. Of course there is always the chance that your trade will go bad right away. Also the way I would implement the PSAR trailing stop would be by moving the stop loss up to the level of the previous bar's PSAR value so it wouldn't be happening during the current bar. The PSAR just seems to ride nicely above or below the current direction and from what I've read is what it was initially developed for just that.
  • #67
  • Jul 23, 2008 7:39pm Jul 23, 2008 7:39pm
Very nice. I've never been a fan of trailing stops because traders tend to set the TS too tight and get prematurely stopped out of a trade that still has legs to run, but the use of the PSAR as a way to determine the trailing stop makes all kinds of sense.
Greetings from Guanajuato, Mexico
  • #68
  • Jul 23, 2008 9:53pm Jul 23, 2008 9:53pm
Would it be possible to include a "Manage Only" feature on the EA for those of us who prefer to use our discretion on which trades to open, but would like the convenience of the EA handling everything else?

I tested an EA on the OzFX system thread prior to its publication that had that feature and it worked very well.

I attached it and the instruction PDF to this post in case you would like to see how it operated.
Attached File(s)
File Type: mq4 OzFX_D1_EA_v1.0.mq4   7 KB | 520 downloads
File Type: pdf OzFX_D1_EA instructions.pdf   30 KB | 586 downloads
Greetings from Guanajuato, Mexico
  • #69
  • Jul 23, 2008 10:07pm Jul 23, 2008 10:07pm
does anyone has the result ? thx
Lazy Forex
  • #70
  • Jul 23, 2008 10:17pm Jul 23, 2008 10:17pm
Hi All

This EA has had a great week so far. I too had the trades from the first part of the week close early but at least they were in profit!
I first started this account trading manually. . .had a rough go of it and ended up at even after about two weeks trading. Decided this week to give this EA a chance and it seems to take trades very well. I think the solution you have come up with regarding the AO compliance for SS trades makes sense.

Thanks for the hard work programming mtaboneweb.
Attached Image (click to enlarge)
Click to Enlarge Name: 7 ash july 23 08.jpg Size: 330 KB


I am tempted to close these trades but I have decided to let the account run managed by the EA only. So far so good but then again one week does not provide much of a test for the system or the EA.
  • #71
  • Jul 24, 2008 12:35am Jul 24, 2008 12:35am
Quoting yen44x
Would it be possible to include a "Manage Only" feature on the EA for those of us who prefer to use our discretion on which trades to open, but would like the convenience of the EA handling everything else?

I tested an EA on the OzFX system thread prior to its publication that had that feature and it worked very well.

I attached it and the instruction PDF to this post in case you would like to see how it operated.

This has been requested by others and is something I plan on implementing.
  • #72
  • Jul 24, 2008 12:37am Jul 24, 2008 12:37am
Quoting mtaboneweb
This has been requested by others and is something I plan on implementing.
Awesome . . . thanks.
Greetings from Guanajuato, Mexico
  • #73
  • Jul 24, 2008 12:44am Jul 24, 2008 12:44am
Something like place trades trades only and manage only or both.
  • #74
  • Jul 24, 2008 12:49am Jul 24, 2008 12:49am
Quoting mtaboneweb
Something like place trades trades only and manage only or both.
"Manage only" would be sufficient for me because I like to enter my own trades, and tend to ignore a number of the AshFX signals if I see strong S & R near the signal price.
Greetings from Guanajuato, Mexico
  • #75
  • Jul 24, 2008 1:42am Jul 24, 2008 1:42am
mtaboneweb, check pm
thanks
  • #76
  • Jul 24, 2008 2:55am Jul 24, 2008 2:55am
i am a newbie on this thread .i want to know if we can use the EA on live account by now ,or is there is a new development on the EA.
  • #77
  • Jul 24, 2008 10:07am Jul 24, 2008 10:07am
Quoting dengzhi
mtaboneweb, check pm
thanks

Responded today.
  • #78
  • Jul 24, 2008 6:47pm Jul 24, 2008 6:47pm
Please refer to 1st post for revision notes and new EA download.
  • #79
  • Jul 24, 2008 7:00pm Jul 24, 2008 7:00pm
Quoting mtaboneweb
Please refer to 1st post for revision notes and new EA download.
Thanks for the updates!
Greetings from Guanajuato, Mexico
  • #80
  • Jul 24, 2008 7:12pm Jul 24, 2008 7:12pm
Quoting yen44x
Thanks for the updates!

My pleasure, thanks for the suggestions/support.
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