The AshFX System - Version II

[normtold]

Hi Emman,

Do you enter trades based on the initial 5 criteria in the first post of this thread or use extra indicators such as CCI to make your decisions?

Do you trade the 4H or only D1 and higher TF's?

Did you take the long last night on USD/CAD?

I will try to attach a chart for anyone to make comments about the trade validity etc.

[Emman95]

Originally Posted by normtold

Hi Emman,

Do you enter trades based on the initial 5 criteria in the first post of this thread or use extra indicators such as CCI to make your decisions?

Do you trade the 4H or only D1 and higher TF's?

Did you take the long last night on USD/CAD?

I will try to attach a chart for anyone to make comments about the trade validity etc.

I use the initial rules without additional indicators except macd. I use H4 Time frame and it works. I did not take the last nite trades.

[Diabolik]

Thanks Ash!
Appreciate it.

Originally Posted by AshFX

Dear all,

I'm proud to present my latest system, AshFX: Version II.

This system is simple, easy, & profitable. Please note however, this system does not provide trade signals every single day - there can be days with no trade at all.. If you're looking for a system that offers very frequent trading signals, then my system may not necessarily be for you.

AshFX V2 uses the following indicators:


- Parabolic SAR (0.05, 0.2)

- AC (Accelerator Oscillator)

- AO (Awesome Oscillator)

- Stochastics (5,3,3)


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.

Two files attached, 1) the actual system (PDF), and 2) the MT4 Template (TPL). Take the template (TPL file), and apply it in Metatrader. To do this, just copy the TPL file into your \Program Files\Metatrader_Broker\Templates folder, restart MT4, open any chart, right-click on the chart, then click on "Template", and then on AshFXV2. This is what you should be seeing:



____________________

P.S. To generate signals, please use a broker that DOESN'T have a Sunday candle (I have been using FXDD MT4 Demo). In fact, for the sake of consistency, it's better if everyone just uses FXDD MT4 Demo to generate signals, and then you can apply these trades in your live account. I am not promoting this broker, I have never used them live, but rather only to generate signals, because they don't have a Sunday candle. Any potential signals are generated everyday at the close of the candle, which is at 9pm to 10pm GMT. So I will update everyone at around that time, every single day (unless I'm really tired or busy or away) right here on this thread, concerning which signals have been generated (if any), and which signals are good to enter in my opinion. Traders here discuss various setups.

Also, please only discuss the pure AshFX V2 system on this thread. If you wish to add your own twists to the system, you may do so here: http://forexmoments.com/forums/syste...echniques.html

Any questions, please don't hesitate to ask, we cater for all traders, new and experienced. Also, if you are new to trading, it would be a good idea to spend some time going through the brand new FOREX SCHOOL.

_______________________

Look forward to questions/analysis/discussion/testing.

Regards,

Ash

[Lisa25]

Hi ,

I am quite new here and read most of the thread though I probably missed some info was looking for the strategy stats.

can someone help.

thnks,
Lisa.

[ollynick]

Hi,

Can u help me with the indicators you used with ashfx system i.e CCI divergence and higher TF direction. Thanks

Originally Posted by normtold

Hi all, I see this thread has not been posted in for a while.
I am reading the thread from the start and have got to page 81.

I made a couple of successful trades on the 4H charts and will look at the D1 charts tonight at 11PM UK time, I use SLM MT4 which is 1 hour ahead.

So far I get the idea using the 5 indicators of the AshFX system alone were not as successful as originally hoped and another 2 indicators were suggested, CCI divergence and higher TF direction confirmation.

Is anyone still using the AshFX system. Let me know your thoughts on this system.

[carter1]

Hey, everyone!

I'm new here and came to gain new knowledge.

Did anybody hear anything about Anna Monti and her forex freebot ? There are a lot of stuff in the web but nothing specific at the same time.

waiting for reply :)

[Sheumais]

Originally Posted by carter1

Hey, everyone!

I'm new here and came to gain new knowledge.

Did anybody hear anything about Anna Monti and her forex freebot ? There are a lot of stuff in the web but nothing specific at the same time.

waiting for reply :)

I'd never heard of it, but see it's "free". I don't see any reviews of it on the internet either, so will reserve judgement until someone else has taken the bait.

[Zilosxp]

Please,am looking at trading this system on 4hr charts across all pairs. Can anyone trading it on 4hrs give the win percentage?

[Zilosxp]

Originally Posted by Emman95

I use the initial rules without additional indicators except macd. I use H4 Time frame and it works. I did not take the last nite trades.

Please do you mind sharing the win percentage on the H4 Time frame?

[devilcalledmeda]

I m using alot of Brokers but i am so much taking interest in AshFX after your discussion. I always prefer to read forums before investing, and i am always right.

[forexme]

Hi to all of you .
I missed this Forum.
I am very glad to be with you again.
Thanks for every one .
Thanks Ash.:):):)

[philn]

Hi,
Using a live MB Trading account I Manual Backtested the Euro Usd 4 hour chart with a set 58 pip stop loss (actually 60 pips figuring in around a 2 pip commission). Here are the pip results:

May 2010 738
June 2010 164
July 2010 342
Aug 2010 818
Sept 2010 469
Oct 2010 537
Nov 2010 358
Dec 2010 414
Jan 2011 722
Feb 2011 296
March 2011 345
April 2011 144
May 2011 48
June 2011 624

Total Pips 6019

Philn

[docjazz]

looking for an answer: I see Ash recommends the Daily and H4, but has anyone had any success with the H1??
thanx
Doc

[aharon.amir]

Originally Posted by philn

Hi,
Using a live MB Trading account I Manual Backtested the Euro Usd 4 hour chart with a set 58 pip stop loss (actually 60 pips figuring in around a 2 pip commission). Here are the pip results:

May 2010 738
June 2010 164
July 2010 342
Aug 2010 818
Sept 2010 469
Oct 2010 537
Nov 2010 358
Dec 2010 414
Jan 2011 722
Feb 2011 296
March 2011 345
April 2011 144
May 2011 48
June 2011 624

Total Pips 6019

Philn

As I recall from the AshFX system, the stop is at the last swing high/low ( or actually where the Parabolic SAR point is ) it is usually more then 60 pips!

[philn]

Originally Posted by aharon.amir

As I recall from the AshFX system, the stop is at the last swing high/low ( or actually where the Parabolic SAR point is ) it is usually more then 60 pips!

Your right, I should have posted my manual backtest results in the AshFX V2 - With complimentary techniques forum.
Philn

[docjazz]

looking for an answer: I see Ash recommends the Daily and H4, but has anyone had any success with the H1.. and if so, what parameter changes are used?? by the time the 4 hrs per candle has passed, I'll be ready for retirement:D
thanx
Doc
didn't mean to double up on the msgs, but didn't have an edit on the first one and wanted to add a couple of words

[aharon.amir]

Originally Posted by docjazz

looking for an answer: I see Ash recommends the Daily and H4, but has anyone had any success with the H1.. and if so, what parameter changes are used?? by the time the 4 hrs per candle has passed, I'll be ready for retirement:D
thanx
Doc
didn't mean to double up on the msgs, but didn't have an edit on the first one and wanted to add a couple of words

I had the most success with the Daily AshFX.

[micha3l]

Originally Posted by docjazz

looking for an answer: I see Ash recommends the Daily and H4, but has anyone had any success with the H1.. and if so, what parameter changes are used?? by the time the 4 hrs per candle has passed, I'll be ready for retirement:D
thanx
Doc
didn't mean to double up on the msgs, but didn't have an edit on the first one and wanted to add a couple of words

It works best for me with H4 and daily

[Zilosxp]

I wonder why this thread is dead. I decided to stick with the original indicators and taking taking trades with 2 lots, first takeprofit at 100pips and allowing the second lot to run after moving its sl to entry price. So far, it's been working like a charm over 80% win rate!

[Chills]

Originally Posted by Zilosxp

I wonder why this thread is dead. I decided to stick with the original indicators and taking taking trades with 2 lots, first takeprofit at 100pips and allowing the second lot to run after moving its sl to entry price. So far, it's been working like a charm over 80% win rate!

Hi Zilosxp,
Over what period of time have you been using this and achieving 80%? Also what R / R ratio are you achieving? I haven't been here for ages, where are the original indicators you mention?
Thanks!

[Webster]

All I can say is that I am glad I subscribed to this email thread.....awhile ago
I forgot about this method based on what I now know and use .....this simple system may indeed be very profitable.

I just placed a trade on a 5 minute chart using Ash 2 with some other stuff I know about ....Instant 30 pips


Never Never Never Give Up

Webster
E$
:p

[marctrader]

I get good result on 30m chart

[Peter4]

There are some updates for the AshFX on the net, is it clear?

[wguan]

Hello all,

I gave the ashfx system a backtest on my trading platform. Here are the results..


CAR 0.68
DVR -0.07
SR -0.11
R2 0.61
MaxDD [24/05/2000] % -10.43
Years# 12.6

Its on the euro/usd pair. I am still in the process of configuring my database so haven't tested in a bunch of majors.

[zalienz]

I like this system, it works well as long as the currency pair is trending, up or down. Ranging can bite you. Some serious pips can be made when you're moving in the right direction. I use the daily time frame.

The question I have is:

What do you do when things do not go your way. Say you enter a position and it goes against you from the beginning, completely. The large stops can lead to large losses if you stay all in hoping for a turnaround.

Sometimes with the large stops if you stay in the PSAR or AO change direction or color, and you're 100+ pips or more in the hole. What's next?

Get out completely?

Scale out?

Stay in until your stop is hit?

Other?

Thoughts anyone?

Thx!

[forexme]

Hi for all
First of all let me thank the creator of this system.
And also I have to thank others for contributing for this system.
My inquiry is that I am using iPad , how can I emplement the indecators and other utilities on the iPad?
I have to say that I am a beginner.
Please give me details as much as possible.
Awaiting your kind reply.
Thank you.:)

[priceactrader]

nice work, trading has to be illustrated with charts and explanation so that it makes sense

[javax]

Thanks for the system.. I like to trade using awesome.. follow the green/red color and for divergence filter

[marshalmax]

Wow!

I finally read all the thread on FF and on here for AshFX Daily and vII and I am surprised this thread appears to be fizzled out as such.

[melco7]

me as well

[robotengineer]

This system seems very well put together, I will give it a try.

[candygirl752]

anybody having success with this system

[Uncle]

Honestly, there is nobody who can predict the real action of this market with certainty. We the traders have to depend on trading strategies such as this AshFX system or others that we select according to our trading experience.