The AshFX System - Version II

valdjas · #41 10-03-2009, 06:28

There is one very important thing, that must be clear. What timezone your MT4 broker uses? In the first post that picture, in what timezone it is?

valdjas · #42 10-03-2009, 07:08

FXDD
I checked, it seems that thier timezone is +3 hours to add London time. 4H and daily candles are different, in different timezones.

bernbeach · #43 10-03-2009, 07:23

Quote:

Originally Posted by AshFX

As explained above, AO is now compulsory, and as a result PSAR 0.05 in conjunction with AO works better. I noticed more and more that it didn't make much of a difference where Stochs were, as long as they weren't overbought or oversold.

I will test this out and let you know, as I already wrote in an earlier email.
Bern

AshFX · #44 10-03-2009, 07:33

Quote:

Originally Posted by valdjas

There is one very important thing, that must be clear. What timezone your MT4 broker uses? In the first post that picture, in what timezone it is?

Good point, results on different brokers WILL vary.

db-trader · #45 10-03-2009, 07:34

Quote:

Originally Posted by jonleung

I think V1 was first unveiled on FF, before forexmoments was launched. To be honest, FF had an awful lot of rubbish to wade though to get to the useful posts. I'm glad that Ash launched this site, and thanks are due to him from all of us for sharing his efforts with us.

One suggestion - maybe we could have a separate thread for the signals that the system generates? If the titles include the date and the pair, that would be easy for all to follow.

that sounds like a super idea :D

AshFX · #46 10-03-2009, 07:44

Quote:

Originally Posted by jonleung

I think V1 was first unveiled on FF, before forexmoments was launched. To be honest, FF had an awful lot of rubbish to wade though to get to the useful posts. I'm glad that Ash launched this site, and thanks are due to him from all of us for sharing his efforts with us.

Glad you appreciate it.

Quote:

Originally Posted by jonleung

One suggestion - maybe we could have a separate thread for the signals that the system generates? If the titles include the date and the pair, that would be easy for all to follow.

That could be a good suggestion actually. Who else agrees?

noblehobo · #47 10-03-2009, 08:18

Quote:

Originally Posted by AshFX

Glad you appreciate it.

That could be a good suggestion actually. Who else agrees?

that sounds like a great idea!

st_frito · #48 10-03-2009, 08:43

Hi Ash, thanks for sharing with us your wonderful system.

I understand that this system is based on fxdd but after doing a visual backtest on ibfx demo (daily)and the results seems positive.
i will go ahead to test it out on ibfx and post the results here.

cheers

AshFX · #49 10-03-2009, 11:02

Quote:

Originally Posted by st_frito

Hi Ash, thanks for sharing with us your wonderful system.

I understand that this system is based on fxdd but after doing a visual backtest on ibfx demo (daily)and the results seems positive.
i will go ahead to test it out on ibfx and post the results here.

cheers

If that is the case, it would be great.

SmartFx · #50 10-03-2009, 14:04

Ok let me give it a try if possible to make a Multi-Pair Signal on H4 and D1 based on FXDD... This is not a promise bt a trial..

Will let u know

SmartFX
SmartKenya

MTaylor · #51 10-03-2009, 14:17

Quote:

Originally Posted by AshFX

Glad you appreciate it.

That could be a good suggestion actually. Who else agrees?

I think it's a great idea!

deforexit · #52 10-03-2009, 14:57

Quote:

Originally Posted by crunchcredit

Ash I tried to post before, but it didn't work i think.

I said I wasn't too sure why you didn't take the trade.

Please can you explain?

thanks.

Maybe because it is a counter trend trade!??

Koolstad · #53 10-03-2009, 15:34

Ash,
Having trouble loading template to Metatrader. Help!

timidave · #54 10-03-2009, 15:58

Hello, i'm surprised to discover that some people are still trading on the daily charts. Since when the global economic recession started, it has been very unprofitable for me. proir to then, i've been making between 100-200% profits monthly. I can show you my records....but now it's all losses. Currencies don'nt move so well on the daily for now

Daily

AshFX · #55 10-03-2009, 16:07

Quote:

Originally Posted by crunchcredit

Ash I tried to post before, but it didn't work i think.

I said I wasn't too sure why you didn't take the trade.

Please can you explain?

thanks.

Quote:

Originally Posted by deforexit

Maybe because it is a counter trend trade!??

Take a look at the price action. You see a loooong bottom wick. This should be a caution for us when entering a short. Because, even though the candle closed as red, the long lower wick/stick signifies there was some bullish strength.

Koolstad · #56 10-03-2009, 16:12

Cancel my last post. Had a senior moment. V2 is up and running,, thanx

AshFX · #57 10-03-2009, 16:13

Quote:

Originally Posted by Koolstad

Ash,
Having trouble loading template to Metatrader. Help!

Koolstad, what error(s) are you getting?

Remember, the TPL file goes into the "Templates" folder in your broker's directory.

Then restart MT4. Then on any chart, right mouse click, and load the template.

AshFX · #58 10-03-2009, 16:15

Quote:

Originally Posted by Koolstad

Cancel my last post. Had a senior moment. V2 is up and running,, thanx

Ok! Good to hear you're up and running!

AshFX · #59 10-03-2009, 16:31

Quote:

Originally Posted by timidave

Hello, i'm surprised to discover that some people are still trading on the daily charts. Since when the global economic recession started, it has been very unprofitable for me. proir to then, i've been making between 100-200% profits monthly. I can show you my records....but now it's all losses. Currencies don'nt move so well on the daily for now

Hi timidave,

Yes, you're right, daily trading has definitely become more difficult. But seriously, if you were making 100% - 200% a month, then maybe you were risking too much per trade? This would explain why you have lost so much since then.

I had a less than average trading month in November, and quite a bad trading month in December; I have openly said this in one of the other threads, so I've got nothing to hide. Remember, no system is perfect, and if anyone is guaranteeing or making outrageous claims about their system, my advice would be to run for the hills. But my bad trades late last year prompted me to try and improve the AshFX system. January was better, and Feb was even better, so I have decided to share my Version 2 with everyone for March.

Sorry to hear about your heavy losses. I hope we can help you turn your trading around, but again, there are no guarantees. Just hard work, effort, and optimism.

Ash

crunchcredit · #60 10-03-2009, 17:00

Quote:

Originally Posted by AshFX

Take a look at the price action. You see a loooong bottom wick. This should be a caution for us when entering a short. Because, even though the candle closed as red, the long lower wick/stick signifies there was some bullish strength.

But ash, that trade turned out profitable!

benscoobert · #61 10-03-2009, 17:31

Quote:

Originally Posted by AshFX

I forgot to mention something.

For this system, it's better if you use a broker that DOESN'T use a Sunday bar.

This is why I use FXDD (in demo). So basically, you just need to download an FXDD MT4 Demo, use that for identifying trades, and simply enter the trades in your live broker.

I use alpari uk, i agree no sunday bar makes much cleaner charts

benscoobert · #62 10-03-2009, 17:34

Quote:

Originally Posted by AshFX

That could be a good suggestion actually. Who else agrees?

Crack on lad, is it done yet?

benscoobert · #63 10-03-2009, 17:37

Quote:

Originally Posted by AshFX

But my bad trades late last year prompted me to try and improve the AshFX system. January was better, and Feb was even better, so I have decided to share my Version 2 with everyone for March.

Sorry, i'm multi posting but finding things as i catch up on the day.

I found the exit on ashfx was too late in the previous version, the profits with the 2nd half of the trade ran well but rebounded and the system exit was not on the ball, I hope to try the new one soon.

crunchcredit · #64 10-03-2009, 18:03

Quote:

Originally Posted by benscoobert

Crack on lad, is it done yet?

I think we should keep everything in one thread. Otherwise it's a hassle looking at two threads.

just my 2 cents.

db-trader · #65 10-03-2009, 18:53

Quote:

Originally Posted by crunchcredit

I think we should keep everything in one thread. Otherwise it's a hassle looking at two threads.

just my 2 cents.

I agree, lets keep it all as one thread

Lazarus · #66 10-03-2009, 19:10

Well Gu is shaping up to be an "almost " shrt for the day. The blue line is below 20 but not the red. Opinions? The 4 hr as of this wring is an entry short.
I use Alpari, which closes at a different time than most.

eychenz · #67 10-03-2009, 19:39

Hi Ash
thnx for the new system
sometime as now in GBP/USD ,the AC has just turn into red today , but it is 2 candle that the PSAR is above.
and as you said we should see the FIRST above PSAR to enter sell , you mean that now the situation is not proper to enter for sell?
excuse me for my poor english , i want to say that if the PSAR wasn't the first , we cannot enter a position?

SmartFx · #68 10-03-2009, 20:13

Quote:

Originally Posted by eychenz

Hi Ash
thnx for the new system
sometime as now in GBP/USD ,the AC has just turn into red today , but it is 2 candle that the PSAR is above.
and as you said we should see the FIRST above PSAR to enter sell , you mean that now the situation is not proper to enter for sell?
excuse me for my poor english , i want to say that if the PSAR wasn't the first , we cannot enter a position?

I'd be very cautious taking a short on GU, we are seeing GU hitting All Time Lows and playing around a very Strong Support.

We might have a reversal or continuation just to be on the look out

Regards

noswad7 · #69 10-03-2009, 22:46

Just trialling now...... its looking good..Many thanks Ash.:)

AshFX · #70 10-03-2009, 22:47

Quote:

Originally Posted by eychenz

Hi Ash
thnx for the new system
sometime as now in GBP/USD ,the AC has just turn into red today , but it is 2 candle that the PSAR is above.
and as you said we should see the FIRST above PSAR to enter sell , you mean that now the situation is not proper to enter for sell?
excuse me for my poor english , i want to say that if the PSAR wasn't the first , we cannot enter a position?

Correct, it's not the first PSAR, hence it's a definite no-no.

Looks like no trades today people.

AshFX · #71 10-03-2009, 22:58

Quote:

Originally Posted by SmartFx

I'd be very cautious taking a short on GU, we are seeing GU hitting All Time Lows and playing around a very Strong Support.

We might have a reversal or continuation just to be on the look out

Regards

Wise words my friend.

dual-c · #72 10-03-2009, 23:16

What about the USD/CAD pair? Would this not be a an ASH2 sell trade? Thx... and great system Ash!

huttre · #73 11-03-2009, 00:30

Quote:

Originally Posted by dual-c

What about the USD/CAD pair? Would this not be a an ASH2 sell trade? Thx... and great system Ash!

That's what I was thinking too.

Ash, can you help?

SmartFx · #74 11-03-2009, 05:05

Quote:

Originally Posted by huttre

That's what I was thinking too.

Ash, can you help?

If I trade this I would place my first half @ 1.2800 and have a Sell Limit Orders @ 1.2900 and 1.3000 just incase we have a strong resistance here look at the past it will determine what might be our near future

davemax · #75 11-03-2009, 11:47

Can someone kindly send the new version to me thru my email gbenga.philips@gmail.com. I downloaded it twice but the folder wont open. Thank you!:mad:

Ben920FX · #76 11-03-2009, 12:23

If this candle will close as bullish, I will take this trade, anyone agree?

AshFX · #77 11-03-2009, 13:56

Quote:

Originally Posted by davemax

Can someone kindly send the new version to me thru my email gbenga.philips@gmail.com. I downloaded it twice but the folder wont open. Thank you!:mad:

Check your email.

db-trader · #78 11-03-2009, 13:58

Quote:

Originally Posted by AshFX

Check your email.

I sent it to you a while back ,. Now you should have 2 copies :)

AshFX · #79 11-03-2009, 14:04

Quote:

Originally Posted by dual-c

What about the USD/CAD pair? Would this not be a an ASH2 sell trade? Thx... and great system Ash!

Quote:

Originally Posted by huttre

That's what I was thinking too.

Ash, can you help?

I was hoping someone would ask me that! Nice to see people are alert. What I don't want is people just looking at what I say and blind-following me, I want people to apply the system and think for themselves, and post their thoughts and findings on this forum.

So, to answer your question Dual-c, yes, that is a valid signal. But the reason why I didn't take it was because the candle was much longer than the daily average, plus it's bottom wick was longer than it's upper wick. (In fact, there was no upper wick.)

This doesn't mean the trade is going to turn out to be a bad trade, nor does it mean it's an invalid signal. Maybe other traders have liked the look of this signal and decided to trade it, but frankly, I wasn't too comfortable with it.

mmaurice · #80 11-03-2009, 16:39

Well, I took the trade last night. We will see how it turns out.

Since I started with the original AshFX system back in September, I have been trading 19 pairs. Some are more successful then others.

Which have you tested this system across?

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The AshFX System - Version II

Forex Systems