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#361
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Thanks SwingMan
I totally agree with Irathi as I belong to those "some" who are still trying to find the way.
Yet, I could succefully use the arrows,so, many thanks for your effort, but forgive me I don't know the meaning and use of the "dashboard". if anybody can be of help, this ll be appreciated Last edited by usama1; 20-03-2009 at 22:28. |
#362
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Systems I follow
I have been trading the original Ashfx Daily, then added the 8 hour time frame. Now I am using the Verion 2 both Daily and 8 hour.
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#363
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I am... just started this week.:)
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#364
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Likewise... was hoping more of it could be automated (along the lines of Ronald's EA) and I know that it can but its a bit beyond my coding expertise at this stage
Irathi - attached a clean chart with just the line I drew and no indicators to make it more clearer... was in a bit of a rush when I did the last post |
#365
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8 hour time frame
Hi cabbage picker , where do you find a 8h time frame,thanks
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#366
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Last edited by SwingMan; 21-03-2009 at 01:34. |
#367
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H8 Time frame, or any time period you want!
You have to create it. Use the Period Converter indicator.
See my post #14 on the original ASHfx Sytem forum. It gives instructions and the indicator. Good luck. |
#368
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I tried Ronald Raygun's EA (1/1/09 - 3/21/09) for AshFX Version 2 and got the following results:
GBPUSD: 6 trades, 6 wins, 0 losses, [COLOR="green"]+450 pips[/COLOR] USDJPY: 10 trades, 4 wins, 6 losses, [COLOR="red"]-500 pips[/COLOR] EURUSD: 12 trades, 7 wins, 5 losses, [COLOR="red"]-650 pips[/COLOR] I wonder if the system is really profitable or Ronald Raygun did not code it properly :confused: I must admit I coded the previous original version a few months ago and got similar mixed results :( |
#369
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#370
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I did it after your post and the code from Raygun works well. One of the negative trades shown on attached screenshot.
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#371
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Here is an update to my EA, folks. My post at FF explains it
:D Quote:
I have also added a Volumes filter, using insight gained from the VSA threads. If UseVolume is set to true, the EA checks that market volume has been rising over the previous two candles before placing the trade. The default is false, as this is not part of Ash's strategy. There were a couple of inputs in the first ea that were not used by the robot. I simply forgot to delete these when I adapted my EA template, and have been removed. |
#372
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Irathi - attached a clean chart with just the line I drew and no indicators to make it more clearer... was in a bit of a rush when I did the last post[/QUOTE]
Did you see the bullish divergence and the observe the Higher Low (HL). This is indicating a trend change for the current chart. Last edited by lrathi; 21-03-2009 at 13:07. |
#373
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I love the symbiosis: You a programmer learning to trade from myself and others in the forum. Us all traders learning from each other and have you as the programmer coding the strategy at a very high level/standard.. All helping each other trade better with ease and make money and change lives for the better. |
#374
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Thanks to everyone. I am learning something new every day. |
#375
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Those who use the EA or not? The two EA's have no longterm performance results yet. So I assume all are manually trading. Of course those not using the EA is doing just looking at EOD candle with the ASHFX indicators PLUS Swingman's indicators. Are you not using Swingman's indicators in conjuntion with ASHFX indcators? I recommend you do unless you have isssues with CHANGE and making trading easier! |
#376
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SUGGESTIONS FOR USE 1. Put on WK chart, set color, remove from chart. 2. Repeat on all currency pairs you trade. 3. Change TF to D1, set color, remove from chart. 4. Repeat on all currency pairs you trade. and so on.. Don't forget to remove indicator before switching TF's!!!! you will find it also on here: #SF_Trend_Lines - MQL4 Code Base |
#377
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I do have one question about the indicator. Once the channel is drawn, is it automatically updated? ie autochannel for that TF? |
#378
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Where do you look for S&R? At the crossing of the lines?Any TF even mid-channel lines? Top and bottom of channels of same timeframe? Please with the current price on 4h chart where and what are we expected to see price to find support or resistance? |
#379
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Last edited by D_Trader; 22-03-2009 at 07:59. |
#380
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In the example you have given - its simply a dud trade, visually test over 6 or so months and see if the first lot is closed the first day when we are in profit or whether it closes the first lot on AO/psar flip. |
#381
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HI, Thank you very much for sharing this indicator and strategy. I'm learning it better Have a Good Day |
#382
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1. ANALYSIS beyond PURE PRICE ACTION: ?? Not sure what is your understanding here. FINDING Higher lows in a new emerging UPtrend or Lower highs of a new emerging DOWNtrend is PURE PRICE ACTION. Only using a trendline:Trend lines can offer great insight, but if used improperly, they can also produce false signals. Other items - such as horizontal support and resistance levels or peak-and-trough analysis - should be employed to validate trend line breaks. While trend lines have become a very popular aspect of technical analysis, they are merely one tool for establishing, analyzing, and confirming a trend. Trend lines should not be the final arbiter, but should serve merely as a warning that a change in trend may be imminent. By using trend line breaks for warnings, investors and traders can pay closer attention to other confirming signals for a potential change in trend. Trend Lines - StockCharts.com 2. I don't think it's necessary to analyse the chart beyond the basic and the most important element of it all.. price : Final Points From the Ashfxv2 manual. Please bear in mind, it doesn’t matter in which order the indicators line up, just as long as the rules mentioned above are adhered to. Also, (and this goes without saying), [COLOR="Red"]it’s important to pay attention to key Support & Resistance levels, in addition to price action. [/COLOR] Support & Resistance: Identification of key support and resistance levels is an essential ingredient to successful technical analysis. Even though it is sometimes difficult to establish exact support and resistance levels, being aware of their existence and location can greatly enhance analysis and forecasting abilities. If a security is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If a security is approaching a resistance level, it can act as an alert to look for signs of increased selling pressure and potential reversal. Support and Resistance - StockCharts.com 3. Divergence: I guess this is a peripheral trader's skill using the great choice of indicators already chosen by Ash to see "what is the STRENGTH of the trend". One of few "leading indicators" for trend reversal and a great skill/tool to develop awareness for any trader. The Indicator AO already on the Ashfxv2 template and used as an exit tool and I was trying to show it can also be used to the trader's advantage to see 'Trend Strength'. (ANOTHER IMPORTANT FUNCTION of the same indicator.) Sorry if this post is too long, but clarification is the best form of communication Last edited by lrathi; 22-03-2009 at 16:36. |
#383
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DashBoard v5; Signals v4
I hope to solved the bug with repeated alerts, but I haven't the time to test this.
Please tell me if all is now OK. The DashBoard is now functioning also on platforms with Symbol-Suffixes (m, or -fx) and with 3 or 5 digits. Last edited by SwingMan; 23-03-2009 at 10:09. |
#384
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Hi Undercover,
Just to clarify something... You mentioned how the EA didn't perform to your expectations. Please note that EA's will never be able to replicate manual trades. I personally never use EA's, I always trade manually. That doesn't mean I'm telling you not to use an EA, but I do advise you to exercise caution in this regard. Answer me this simple question: did the EA you test implement Support and Resistance / Price Action? If not, then again I stress that S/R/PA is essential to trading my friend. |
#385
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#386
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What you've mentioned in this post is beneficial stuff. But don't forget everyone is at different levels, and it takes time to become comfortable in performing the kind of analysis you've talked about. |
#387
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Thanks Ash for your comment.
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#388
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ASH, To make the ASHFX more powerful, add the CCI Set at 10. You get clear divergence. Look below at the chart at the blue lines, thats just one. It can add more radar, I trade this all the time. Thats whats called a Bullish Div.
This happens all the time, to use it as a confirmation. It happens on all TF I use it on the 30 min It does not take long to see it. Last edited by King Pips; 23-03-2009 at 02:46. |
#389
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Is CCI=10 , apply to CLOSE? for illustration purpose, attached usdjpy 1h and 30 mins charts. One can see CCI is showing divergence and AO is not on the 1h timeframe. But on 30 mins both indicators are showing divergence. Thanks for sharing. Last edited by lrathi; 23-03-2009 at 04:26. |
#390
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However, I need some clarification: 1. For the INPUT that says: ALERTPERIODUNIBARCLOSE=1( this is the default setting) in the ASHFXV2Signals_v4...... What does the number indicate? This means that all alerts(both popup and email) will come at the close of current candle or one after current candle or one before current candle. The number=1 or 2 or 3 means..... ? 2. For the same INPUT that says: ALERTPERIODUNIBARCLOSE=5( this is the default setting) in the ASHFXV2Dashboard_v5...... What does this 5 represent? Also for the dashboard indicator there is an additional INPUT line that says: SHIFT SIGNALS. When this is set =0, this represents current candle. So, if one want to be alerted at the close of current candle. What should the setting be for these two inputs? SHIFT SIGNALS=0, ALERTPERIODUNIBARCLOSE=1? Thanks again. |
#391
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Hi Hrathi When you look for Div. You draw the lines from Pecks and candles from the lowest or highest of the wick just like the chart, when its below 100 and above -100 its good to go CCI is at the top of non lagging indicators for Div. I trade it all the time it can be powerful for early trend change for the Ashfx System.
Last edited by King Pips; 23-03-2009 at 04:27. |
#392
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#393
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You will see them all the time. ITS APPLIED TO TYPICIAL PRICE (HLC/3) CCI 10 Last edited by King Pips; 23-03-2009 at 05:33. |
#394
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Please propos other names :) - "AlertPeriodUntilBarClose = 5" in the DashBoard, because you have a lot of pairs, and maybe you need time to take decisions. - If alerts are in place, they are fired one time in the last 5 minutes, before the candle close. - In the Signal indicator we have an alert in the last 1 minute before the candle close. - With "ShiftSignals = 1" in the DashBoard you can see and check signals 1 bar ago, with 2, 2 bars ago. This has nothing with Alerts to do. (Forex37 has explained this features.) Beacuse me english ist very poor, please dont ask extended explanations from me... |
#395
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Sorry at times I might sound a bit short and don't provide enough clarrification - just a lack of time What you have explained is beneficial to any trader , so thanks for your time and lengthy contribution. I have always believed that the use of indicators should be purely for confirmation, after all, indicators are a 'derivative' of price. What I mean by using pure price action is simply using support and resistance, trend lines and Higher lows/ higher highs. I think that anything which is applied straight to price , is apart of price action analysis. Once we use indicators we are looking at elements secondary to price. Divergences are wonderful, but I have never been able to come up with a mechanical way of using them, I feel they are only useful in hindsight. Given the fact that the second trade was put to break even, I did not think it was necessary to do much analysis beyond support/resistance and trend line. After all, a certain element of the trade is left for the market to do its 'thing' At the end of the day, part of the game is to keep it simple :) DT Last edited by D_Trader; 23-03-2009 at 07:44. |
#396
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DashBoard v5, Signals v4 updated
I hope to fixed the alert-bugs that I founded today in live trading.
Please load and test this last versions. |
#397
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thank you SwingMan this is fantastic |
#398
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Speak about the Key Support & Resistance besides a Visual Support & Resistance, Ussually i made in a charts Support & Resistance by :
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Continued ... :) Last edited by manus168; 23-03-2009 at 18:06. |
#399
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After we place a Support/Resistance we enter to the smaller timeframe such 60 minutes & give a fibs betwen the 6 Month Low (act as Major Resistance now) & 3 Year High (Act as a Major Support now) like the screenshoot bellow :
Betwen those Major Support & Resistance it gona be born a new S1 to S3 & R1 to R3, so after we made this Support Resistance, we are ready to Trade event in a smaller Timeframe used Simple EURO System EMA 3 & EMA 10, or Timeframe m15 with SMA 2 & SMA 19, etc ... What do you thing ? Thanks before; Regards Last edited by manus168; 23-03-2009 at 18:08. |
#400
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I agree with you about: 1. Keep it stupidly simple(KISS) .Hope I got the words right? 2. the use of indicators should be purely for confirmation, after all, indicators are a 'derivative' of price. 100% TRUE! 3. I am a DIVERGENCE fan. This when only used as an alert not a trigger. The trigger is the 123 pattern after divergence or the ashfxv2 signal. High % win rate in my experience. KINGPIPS on this thread seems to have the same experience. Each trader has they own comfort style. Last edited by lrathi; 23-03-2009 at 13:35. |
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