DislikedFirst full day with the setting I wanted... looks good. I hope you can see the results below.Ignored
Looks good, were all the trades made by the EA?
AshFX system, V2: Steve Hopwood's trading robot
- #62
- May 20, 2009 6:03pm May 20, 2009 6:03pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
First full day with the setting I wanted... looks good. I hope you can see the results below.
No trades for me today. Most of the impending trades I have left in place, but a couple I have deleted as the setup looked wrong.
- #64
- May 20, 2009 6:43pm May 20, 2009 6:43pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Thanks for the EA. I just started running it on the hourly. Will post results later
In his first post, Ash says this:
The system can be used on any currency pair, and is suited for the Daily timeframe (D1), although it can also be used on H4.
Most of use here are using this robot on the H4 because we are too impatient to wait for the D1 to take some trades.
H1 trading gets cut to ribbons by chop.
Do read Ash's thread, won't you? You cannot possibly use a trading robot without understanding the system it is trading.
- #65
- May 20, 2009 6:56pm May 20, 2009 6:56pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Guys, revisiting Ash's thread in order to respond to lolpie's post reminded me that Ash's strategy is a Daily that can be applied to the 4H.
In my mind, the strategy is a 4H - clearly a mistake on my part. Could this be why the robot has losing streaks?
Any thoughts, guys?
In my mind, the strategy is a 4H - clearly a mistake on my part. Could this be why the robot has losing streaks?
Any thoughts, guys?
- #69
- May 21, 2009 5:34pm May 21, 2009 5:34pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
80% of my trades are profit.
Ver 1.5 is better for sure.
I have pars turned on and 64ma
here is a set file if someone else wants to try it.
_______________________________________________________________
For what it is worth, I am not using any of the higher tf filters. The robot is still placing trades when the higher filters appear to indicate against them. I simply cannot find where in the code the problem lies.
I am manually deciding on the higher trend through observation of the charts, then setting the TradeLong or TradShort inputs accordingly.
- #71
- May 24, 2009 4:21pm May 24, 2009 4:21pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
As I understand the version 1.5 from the first post is now ready for trading or trading attempts ? So far no optimization of the settings described in the .pdf is possible or neccessary for me ? Could I try it for live trading ?
I am trading it live, but I wrote the robot and so understand it. I examine each of its impending trades closely; few of the get through this scrutiny without deletion. This suggests to me that the robot has some way to go before it can be regarded as reliable.
- #74
- May 25, 2009 5:47am May 25, 2009 5:47am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Here is my set file and it is doing very well
Someone said I sent the wrong one last time.
This is with 64ma ON, Psar On,
sl 125 - profit target 250
I have been working on another project with a contact in a private forum. As part of that, I have sorted out how to include consideration of support and resistance, so I shall code this into our robot sometime soon.
- #76
- Edited 5:00pm May 25, 2009 12:47pm | Edited 5:00pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve,
Thanks for sharing this EA. I have been testing on and appreciate if you can look into the two problems I find on v1.5 (see statement):
1. Sometime I don't know why, it opens up a trade and immediately closes it.
2. The target profit needs to take spread into consideration. I have set tp 10 and the EA generates different tp.
Make sure you visit Ash's original thread, linked in the first post here and in the robot's instructions. Read and trade the system manually to make sure you understand it.
The more I write trading robots, the clearer this simple fact becomes: if you have not traded the underlying system live, then you will not be successful trading the robot that implements it.
- #78
- May 25, 2009 1:05pm May 25, 2009 1:05pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Another reminder to users of this robot that it is not the finished article yet.
I monitor the trades it is looking to place. My charts have their higher tf trendlines in place. Where this is up, I will allow it to trade long only; vice-versa for short; no trades during a ranging market.
This last might be robbing me of pips. If the Daily is ranging, it seems to me that there should be trading opportunities on th 4H. My point of view is this: I am not yet an experienced trader; 4H is a reasonably long tf; I have the robot loaded on lots of charts; I don't want it taking lots of trades as my KG Range robot does that.
I delete far more impending trades than I allow through. After a couple of years struggling with a number of concepts that appear obvious when first ecnountered but are actually more complicated to understand, I have finally come to grips with this one: I would rather be outside a good trade wishing I were in than inside a bad trade wishing I were out. I might miss a few pips, but I gain a shed-load of sleep.
As to the future, I have asked for suggestions at the end of the instructions manual. Nothing has been forthcoming, so I repeat them here:
Future development
I suggest we look at development in these areas:
I monitor the trades it is looking to place. My charts have their higher tf trendlines in place. Where this is up, I will allow it to trade long only; vice-versa for short; no trades during a ranging market.
This last might be robbing me of pips. If the Daily is ranging, it seems to me that there should be trading opportunities on th 4H. My point of view is this: I am not yet an experienced trader; 4H is a reasonably long tf; I have the robot loaded on lots of charts; I don't want it taking lots of trades as my KG Range robot does that.
I delete far more impending trades than I allow through. After a couple of years struggling with a number of concepts that appear obvious when first ecnountered but are actually more complicated to understand, I have finally come to grips with this one: I would rather be outside a good trade wishing I were in than inside a bad trade wishing I were out. I might miss a few pips, but I gain a shed-load of sleep.
As to the future, I have asked for suggestions at the end of the instructions manual. Nothing has been forthcoming, so I repeat them here:
Future development
I suggest we look at development in these areas:
- Support and resistance techniques
- Length of time to allow trades to remain impending. How long after the PSAR flip should the robot stop trying to trade?
- Should there be a time limit on open trades?
- Should the robot delete impending trades when it shuts down on Friday?
If people make suggestions, I will try to code them.
The s/r thingy I am already about to take care of. The others I shall take care of in future, if the robot appears to have a profitable future. More experienced traders might like to step in with suggestions that I might not think of; these suggestions could benefit all of us.
The 64ma seems to be helpful. I have not detmined if it is really working right though. How I would like for it to work is if we are below the 64ma we only get in to short trades and if above we only find the long trades. Is that how you understand it works?
What would be better that just S$R would be if it could determine which one to use Support or Resistance to get in a trade based on the 64ma. Like if we are below the 64 ma, and it goes above resistance it takes us out of a trade. if the pars turns red at resistance it gets us into a trade right at resistance.
Any way that sounds very good.
You mentioned one time that some of the settings in the EA really are not coded so they do nothing. Maybe it would be good to take them out so the settings are less confusing. I like the Fib though. I use the daily high/low.
Gary
What would be better that just S$R would be if it could determine which one to use Support or Resistance to get in a trade based on the 64ma. Like if we are below the 64 ma, and it goes above resistance it takes us out of a trade. if the pars turns red at resistance it gets us into a trade right at resistance.
Any way that sounds very good.
You mentioned one time that some of the settings in the EA really are not coded so they do nothing. Maybe it would be good to take them out so the settings are less confusing. I like the Fib though. I use the daily high/low.
Gary
Thanks for posting this, Gary. I see you are using a jumping stop, something I wasn't doing, so I will give it a try. Cheers
I have been working on another project with a contact in a private forum. As part of that, I have sorted out how to include consideration of support and resistance, so I shall code this into our robot sometime soon.
Gary