AshFX system, V2: Steve Hopwood's trading robot | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

AshFX Daily 2,650 replies

AshFX Daily (EA - MTaboneWeb) 250 replies

forex robot system 21 replies

Robot trading 120 replies

Steve Trading Journal 3 replies

Attachments: AshFX system, V2: Steve Hopwood's trading robot
Exit Attachments

AshFX system, V2: Steve Hopwood's trading robot

  • #81
  • May 25, 2009 9:32pm May 25, 2009 9:32pm
Quoting alpine4133
I am testing 1 day, but so far good results in the 4 hr time frame only.
Hi Gary,

I've been running the V1.5 EA with your settings on H4 charts in IBFX demo account for about 16 hours since last night, but the EA has not opened a trade yet. I am running the EA on all 24 currency pairs that IBFX offers for testing purpose; I chose 5th decimal pricing option. Am I missing something here?
  • #82
  • May 25, 2009 10:06pm May 25, 2009 10:06pm
it doesn't trade that often on H4. all the indicators have to line up. give it some time.

Quoting michaelhryu
Hi Gary,

I've been running the V1.5 EA with your settings on H4 charts in IBFX demo account for about 16 hours since last night, but the EA has not opened a trade yet. I am running the EA on all 24 currency pairs that IBFX offers for testing purpose; I chose 5th decimal pricing option. Am I missing something here?
  • #83
  • May 26, 2009 12:20am May 26, 2009 12:20am
Quoting SteveHopwood


Any intelligent suggestions, anyone?

About anything?
I like to make one suggestion. Instead of entering right at the opening of the bar, how about wait for price to retrace against the previous bar before opening the trade. I notice very often that price would retrace some 20% to 60% or more of the previous bar before continue with the move. By entering say 25 to 30% of the previous bar, it would give us a better headstart in the game as well as less dd/sl.
  • #84
  • May 26, 2009 4:33am May 26, 2009 4:33am
Quoting sam2fx
I like to make one suggestion. Instead of entering right at the opening of the bar, how about wait for price to retrace against the previous bar before opening the trade. I notice very often that price would retrace some 20% to 60% or more of the previous bar before continue with the move. By entering say 25 to 30% of the previous bar, it would give us a better headstart in the game as well as less dd/sl.
This is a good thought.

The robot does not enter a trade at the start of the new candle. It flags up a trade as impending if PSAR has flipped, but then waits until all the other thingies line up before actually trading.

This can be several hours later. Given the way markets wax and wane even in a strong trend, by the time all the thingies line up, the market is often about to retrace.

I can code in the facility to take limit orders at x pips below the price at which all the thingies line up. Some trades would never fill as the market continues on its merry way. Others would fill during the retrace and become profitable more quickly.

What do you and others think about this?

  • #85
  • May 26, 2009 10:19am May 26, 2009 10:19am
Quoting SteveHopwood
This is a good thought.

The robot does not enter a trade at the start of the new candle. It flags up a trade as impending if PSAR has flipped, but then waits until all the other thingies line up before actually trading.

This can be several hours later. Given the way markets wax and wane even in a strong trend, by the time all the thingies line up, the market is often about to retrace.

I can code in the facility to take limit orders at x pips below the price at which all the thingies line up. Some trades would never fill as the market continues...
If we get filled say 30% retracement of the previous bar, we can then take our first profit when price comes back up/down to retest the previous bar high/low and lock the remaining lots at breakeven. Many times this kind of trade we take is bucking the trend and things can turn against us nasty. But if the trend has indeed changed, we are into a nice profit. May be make the x% retracement as a extern variable so for those who are more conservative can change it to whatever they want.
  • #86
  • May 26, 2009 10:25am May 26, 2009 10:25am
My mt4 on v1.5 hung up overnight but the rest of my mt4 is ok. Has anyone got this problem?
  • #87
  • May 26, 2009 10:38am May 26, 2009 10:38am
Quoting SteveHopwood
This is a good thought.

The robot does not enter a trade at the start of the new candle. It flags up a trade as impending if PSAR has flipped, but then waits until all the other thingies line up before actually trading.

Would you say the majority of the trades would enter at the start of the new candle after Psar has flipped? If it doesn't, we can enter at whatever candle it presented at the time would be ok too. The reason I like the candle following the Psar filp is because it is usually a big nice candle and you would find a nice retracement against it.
  • #88
  • May 26, 2009 11:13am May 26, 2009 11:13am
Hi Steve,

Would it be possible to display items on GV on the chart? It would be easy to know what trades are flagged instead of pressing F3 to get this info.
  • #89
  • May 26, 2009 4:00pm May 26, 2009 4:00pm
Quoting sam2fx
Hi Steve,

Would it be possible to display items on GV on the chart? It would be easy to know what trades are flagged instead of pressing F3 to get this info.
'Tis done. V1.6 is in post 1 as usual.

  • #90
  • May 26, 2009 4:28pm May 26, 2009 4:28pm
Quoting SteveHopwood
Originally Posted by sam2fx http://www.forexfactory.com/images/buttons/viewpost.gif
Hi Steve,

Would it be possible to display items on GV on the chart? It would be easy to know what trades are flagged instead of pressing F3 to get this info.


'Tis done. V1.6 is in post 1 as usual.

Is that the only thing that's new or different in V1.6 or is there something else included.

By the way, I haven't lost a trade yet with V1.5
  • #91
  • May 26, 2009 4:36pm May 26, 2009 4:36pm
Quoting ClearTrade
Is that the only thing that's new or different in V1.6 or is there something else included.
Nope. I could do this quickly and easily, so I did. I haven't even bothered to load the version on my live platform.

Quote
By the way, I haven't lost a trade yet with V1.5
Excellent. There will be losers, but it is always nice to start with a few winners first.

  • #92
  • May 26, 2009 8:35pm May 26, 2009 8:35pm
Quoting SteveHopwood
'Tis done. V1.6 is in post 1 as usual.

Hi Steve,

This is quick. I will test it out.
  • #93
  • May 26, 2009 10:02pm May 26, 2009 10:02pm
Quoting SteveHopwood
Future development
I suggest we look at development in these areas:

 

  1. Support and resistance techniques
  2. Length of time to allow trades to remain impending. How long after the PSAR flip should the robot stop trying to trade?
  3. Should there be a time limit on open trades?
  4. Should the robot delete impending trades when it shuts down on Friday?

If people make suggestions, I will try to code them.

Hi Steve,

If I read the AshFx system instruction correctly, we would have exited a trade if Psar flip or AO change color. We may be able to apply this principle to GV:

1. The first option is to make it expire as soon as Psar flipped the opposite direction, or

2. The second option is to make it expire after 7 to 8 bars which very often Psar may be in the process of flipping already, or

3. The combination of the two above.

However, if we selected 64ema for example, then I think we may not need to make it expire until unless 64ema flips.
  • #94
  • May 27, 2009 4:37am May 27, 2009 4:37am
Steve,
''...I can code in the facility to take limit orders at x pips below the price at which all the thingies line up. Some trades would never fill as the market continues on its merry way. Others would fill during the retrace and become profitable more quickly....''

The above quote from you earlier is an excellent suggestion. Did you add this code in version 1.6 ?

If not I look forward to the version in which you will add it.

Thanks for helping us all out with your work on this EA.

Watube
  • #95
  • May 27, 2009 5:51am May 27, 2009 5:51am
Quoting sam2fx
Hi Steve,

If I read the AshFx system instruction correctly, we would have exited a trade if Psar flip or AO change color. We may be able to apply this principle to GV:

1. The first option is to make it expire as soon as Psar flipped the opposite direction, or
The robot closes open trades as per Ash's original strategy.

Quote
2. The second option is to make it expire after 7 to 8 bars which very often Psar may be in the process of flipping already, or
I could add a 'close trade after x bars' option. It makes sense to me that a trade open for a considerable period that has not hit tp is probably not going to.

Quote
3. The combination of the two above.

However, if we selected 64ema for example, then I think we may not need to make it expire until unless 64ema flips.
I could also make close after x bars depend on this if the user has 64ema selected.

Leave it with me. I am just finalising the Fibo pivots thingy and have added code to auto-generate a pseudo-random Magic Number, to try to fool the brokers about how many of us are using this robot. These features will be in V1.7 and I shall release it soon.

  • #96
  • May 27, 2009 11:55am May 27, 2009 11:55am
V1.7 is in post 1. New features are: auto-generate a pseudo-random Magic Number and pre-trade sending consideration of Daily Fibonacci support and resistance.

  • #97
  • May 27, 2009 12:19pm May 27, 2009 12:19pm
Sorry guys - tiny slip in the Fib on-screen display. Fix in post 1.

  • #98
  • May 28, 2009 5:27am May 28, 2009 5:27am
V1.8 contains an essential update with code added that renders previous versions obsolete. Details in post 1 as usual.

  • #99
  • May 28, 2009 3:17pm May 28, 2009 3:17pm
Steve,
Great work. Thanks for taking the time to improve and update this ea ,
I was using v1.4 but when I loaded v1.8 on IBFX I don't see the comments anymore also I wanted to see the fibo lines but they dont appear as well. I tried to do a quick backtest to see if they appear and they both did
I am not sure what I am doing wrong, I didn't change any settings however when I tried to change the Magic number because it was setting on "0", I got a popup message giving me a different magic number as it had saved the older one some how,
Any advice would be appreciated.
Thanks
  • #100
  • May 28, 2009 4:47pm May 28, 2009 4:47pm
Quoting alkhal4
Steve,
Great work. Thanks for taking the time to improve and update this ea ,
I was using v1.4 but when I loaded v1.8 on IBFX I don't see the comments anymore also I wanted to see the fibo lines but they dont appear as well. I tried to do a quick backtest to see if they appear and they both did
I am not sure what I am doing wrong,
Me neither. My broker is IBFX and the comments are showing fine.

Quote
I didn't change any settings however when I tried to change the Magic number because it was setting on "0", I got a popup message giving me a different magic number as it had saved the older one some how,
Any advice would be appreciated.
Thanks
Ok. Read the instructions manual.

0 traders viewing now