Originally Posted by waltini

Hi Cubesteak,
I am testing the latest EA on this thread by Pedzr888. I am having no problems with the indicators. I hesitate to give advice about coding seeing as I know nothing but my understanding is the indictors must be named the same as in the EA.

The ASCtrend indicator must be called "ASCTrend"

The RSI Filter must be called "RSIFilter_v1"

The NonLagMa must be called "NonLagMA_v4"

The Pivot Stop must be called "^Pivot_Ressup"

Hope this helps

waltini

Originally Posted by waltini

Hi Cubesteak,
the EA I am using is posted in this thread, post 369. The ASCTrend indicator has several names depending on whether it has an audible alert included. You can either re-name your ASCTrend_sound indicator or I will attempt to attach the indicator which is labelled correctly.

regards

waltini

Originally Posted by newdigital

Stop loss and take profit.

If we are trading according to the second rules (exit on AbsoluteStrenght_exit indicator) so probable we do not need stop loss and take profit. Because the order will be closed on ths Absolute exit indicator. I did not check it especially but I think that we do not need any.

May be we need stop loss for the first rule (exit all the orders on the yellow bar of NonLagMA big). And we definitely need stop loss (and may be take profit as well) for the 3rd and 4th exit rule.

Some people understand the value of ASCTrend indicator as initial stop loss value. The other way to estimate stop loss is ^Pivot_ResSup indicator or Live Charts Fib Pivots indicator.
But stop loss according to ASCTrendsig indicator's value is too thin sometimes.

Originally Posted by waltini

Hi ALiT,
I did some forward testing last week. I found the EA was not closing trades using the ASCTrend option nor the NonLagMA option. Consequently the EA did not perform very well.

Whether the problem lies with my computer, the moneytec feed, or the EA I dont know. I have had problems ocassionaly with EA's not entering trades.

I sent a private message to the writer of the EA hoping to discuss it but have not had a reply. He has obviously put a lot of effort into the EA. It would be a shame not to give it a proper forward test.

regards

waltini

Originally Posted by newdigital

RSIFilter is helping sometimes. On the image attached we can see the trades according to the rule #1.

I did not count exact pips but we might have the following:

EURUSD: more than +200 pips;
USDCHF: about -50 pips in loss;
GBPUSD: about +40 pips;
USDJPY: +118 and +120 and -6 and -8 (about +220 for 4 orders).

So it is about +400 pips just for 4 days.

Of course some big movement was filtered by RSIFilter and we did not trade but rule #1 is very risky rule so it is some kind of protection.