Forex Lasers Forum

Forex Lasers Forum (https://www.forexlasers.com/forums/)
-   Forex Systems (https://www.forexlasers.com/forums/forex-systems/)
-   -   AshFX V2 - With complimentary techniques (https://www.forexlasers.com/forums/forex-systems/246-ashfx-v2-complimentary-techniques.html)

AshFX 11-05-2009 20:51

AshFX V2 - With complimentary techniques
 
This new thread has been opened for members who feel they can add extra value to AshFX V2 with their own method(s).

yen44x 12-05-2009 00:56

1 Attachment(s)
Quote:

Originally Posted by AshFX (Post 2818)
This new thread has been opened for members who feel they can add extra value to AshFX V2 with their own method(s).

I can't say I have anything of "extra value" to add yet, but hopefully it will be o.k. to debut this thread with an observation regarding CCI Divergence, and anyone who knows more about it than I do can feel free to correct it (which is probably about 99% of the human race :o).

Attached is a chart for AUD/NZD. On May 5, CCI was at 99.05 at the end of the trading day. This followed an uptrend with definite CCI divergence. With that scenario in mind, am I correct in understanding that would be a logical place to place a Short trade in anticipation of an upcoming AshFX trade? The AshFX signal came on the 11th of May, but it appears one could have jumped into this trade about 150 pips earlier based on the CCI signal. Is that a correct interpretation? Any insights would be appreciated. :)

King Pips 23-05-2009 01:14

Quote:

Originally Posted by AshFX (Post 3176)
My AUD/CAD candle was actually a green doji! (By 1 pip).

For those who entered, lucky pips!

There was Early Trend CCI Div. Reversal
Went in at 0.8900, Exit 1/2 at 0.8845 for 55 pips. Have other 1/2 in, up 65 pips.

cencored 23-05-2009 08:54

Quote:

Originally Posted by King Pips (Post 3178)
There was Early Trend CCI Div. Reversal
Went in at 0.8900, Exit 1/2 at 0.8845 for 55 pips. Have other 1/2 in, up 65 pips.

Yes I just saw that one as well. Nice pips flowing in :)
Is it actually worthwhile to check the charts of two different brokers to spot more CCI Div's on the daily chart?
I pretty much have resorted to trading CCI div's only, really high probability signal.

lrathi 23-05-2009 09:17

Quote:

Originally Posted by King Pips (Post 3178)
There was Early Trend CCI Div. Reversal
Went in at 0.8900, Exit 1/2 at 0.8845 for 55 pips. Have other 1/2 in, up 65 pips.

When I see cencored's post I have decided to add.... Great trade!

I use CCI as a matter of fact no matter what strategy/indicators I use.

warhead 24-05-2009 02:42

Quote:

Originally Posted by lrathi (Post 3183)
When I see cencored's post I have decided to add.... Great trade!

I use CCI as a matter of fact no matter what strategy/indicators I use.

Hi ..

Is there any CCI divergence indicator that can detect the divergence? My eye doen't good in detecting any divergence..

Thanks .. Have a good bank-in pips weekend ..:D

lrathi 24-05-2009 05:01

Quote:

Originally Posted by warhead (Post 3195)
Hi ..

Is there any CCI divergence indicator that can detect the divergence? My eye doen't good in detecting any divergence..

Thanks .. Have a good bank-in pips weekend ..:D

Unfortunately in my humble opinion, The HUMAN EYE is the best for detecting divergence of any sort, followed by the data window to confirm.

Some indicators are available, but my eyes go "SQUINTED" looking at them

You can always "GOOGLE" anything you want to find. Plenty of indicators and resources everywhere.

Timf1979 24-05-2009 14:26

AshFX v2 with Murrey math lines
 
1 Attachment(s)
Hi guys i want to post my last trade Ashfx v2 with murrey math as a complementary. I've been a fan of MM for a long time, actually i think it gives better analyses in terms of support, resistance and reversal points. so here it goes. Notice for an almost perfect AshFX setup on the May 19 with both AC and AO on red and candle closing 58 pips more than 38pips is always good) below the 5/8 harmonic. i took it short because of that... Stochcastic is on oversold... but i managed to enter anyway. My current TP is on the 4/8 line (1.0742) after that reversal is expected.
What do you guys think of it?

cencored 24-05-2009 23:29

Quote:

Originally Posted by Timf1979 (Post 3207)
Hi guys i want to post my last trade Ashfx v2 with murrey math as a complementary. I've been a fan of MM for a long time, actually i think it gives better analyses in terms of support, resistance and reversal points. so here it goes. Notice for an almost perfect AshFX setup on the May 19 with both AC and AO on red and candle closing 58 pips more than 38pips is always good) below the 5/8 harmonic. i took it short because of that... Stochcastic is on oversold... but i managed to enter anyway. My current TP is on the 4/8 line (1.0742) after that reversal is expected.
What do you guys think of it?

I had MM on my charts as well for a while and then decided to take it down after things became way too cluttered. it is almost impossible to do any proper analysis with all those lines. A fib grid and an indicator showing daily, weekly, monthly pivots is more than enough IMO.

fredx 25-05-2009 17:09

Trading Timeframes
 
Quote:

Originally Posted by cencored (Post 3182)
Yes I just saw that one as well. Nice pips flowing in :)
Is it actually worthwhile to check the charts of two different brokers to spot more CCI Div's on the daily chart?
I pretty much have resorted to trading CCI div's only, really high probability signal.

Hi cencored,

Do use primarily trade the Daily charts and use CCI 20 or 10;also do you trade lower timeframes and use CCI 10?



Many thanks,

freddx

cencored 26-05-2009 08:20

Quote:

Originally Posted by fredx (Post 3228)
Hi cencored,

Do use primarily trade the Daily charts and use CCI 20 or 10;also do you trade lower timeframes and use CCI 10?



Many thanks,

freddx

I only use CCI 10, trust me on this one, no need to play around with other settings.
If you go through the original Ashfx 2 thread you will find a few helpful posts to that topic. Good luck :)

vanhook2 30-05-2009 10:47

lrathi
 
2 Attachment(s)
Per your requests,

RSX

lrathi 30-05-2009 18:12

comparison of two versions of RSX indicator
 
1 Attachment(s)
Firstly, thanks vanhook2 for sharing the version on th forum.

The indicator is the same except the OS&OB default settings are different. These can be changed in the indicator itself.

DaTrader 31-05-2009 02:17

Quote:

Originally Posted by vanhook2 (Post 3315)
Per your requests,

RSX

Thanks! Can you tell us what settings you use?

lrathi 31-05-2009 05:27

Quote:

Originally Posted by DaTrader (Post 3320)
Thanks! Can you tell us what settings you use?

Settings which ever you prefer. It is a smoothed RSI. Default is fine for Higher TF's.

'Google' the indicator and you will learn more. Sells for $199.00 for other platforms.

Neo 01-06-2009 16:57

Quote:

Originally Posted by vanhook2 (Post 3315)
Per your requests,

RSX

Thanks VanHook, I haven't read the whole thread on the V2 system...is that what you are posting these indicators in response to? Can you please describe how you use them?

Thanks

vanhook2 02-06-2009 13:12

Quote:

Originally Posted by Neo (Post 3356)
Thanks VanHook, I haven't read the whole thread on the V2 system...is that what you are posting these indicators in response to? Can you please describe how you use them?

Thanks

I use it to keep me in a trade a bit longer. The Stoch. tops/bottoms out quicker, most likely the settings of the Stoch..

For more Info. on the RSX, follow the link below.
RSX

Neo 02-06-2009 14:14

Thanks, the link was an interesting read. Have you stopped using the RSI in exchange for the RSX? What timeframes does it work best on?

The MA of RSX indicator, is that a spin-off of the original RSX? How does that work?--there is much more movement/noise on it. Do you use both the plain RSX and the MA_of_RSX to stay in longer?

Regards

vanhook2 02-06-2009 17:06

Neo
 
Quote:

Originally Posted by Neo (Post 3384)
Thanks, the link was an interesting read. Have you stopped using the RSI in exchange for the RSX? What timeframes does it work best on?

The MA of RSX indicator, is that a spin-off of the original RSX? How does that work?--there is much more movement/noise on it. Do you use both the plain RSX and the MA_of_RSX to stay in longer?

Regards

Too many questions.
I would recommend that you put it on your charts & watch it.
Also, read & understand the V2 system.

Neo 02-06-2009 17:09

Fair enough. BTW, I did apply both the RSX indicators and watched them for 45 minutes. I entered 4 trades (on a demo account) using only the RSX to see how it would perform. Lost 3, won 1.

vanhook2 03-06-2009 19:33

2 Attachment(s)
Murry Math Level Indicator & some 4hr charts.
If you want to try it, follow the link.


Forex Factory - View Single Post - Trading using Murray Maths and Price Action

lrathi 04-06-2009 03:10

using complimentary indicators CCI and RSX more pips
 
1 Attachment(s)
See GBPUSD chart attached

Also note how RSX can keep you in the trade longer conpared to Stochastics that VAnhook mentioned in a previous post.

lrathi 04-06-2009 03:26

Want to trade with higher timeframe participation?
 
1 Attachment(s)
TOP DOWN APPROACH made easy in conjuction with ASHFX2 signals

Initially performance 100% Winning trades on Entry signals. 40%+ profit in 4 trading days using 4H Timeframe.

Working on ideal EXIT strategy at this stage.... not long to perfect....Coming Soon!


H1Scalper System (MTF D1,H1,M5) - Forex Factory

H1Scalper System (MTF D1,H1,M5) by Swingman

Do not let the name scalper system put you off higher TF trading.

The dashboard can be adapted for any timeframe trading (Scalping to investing).

Also, this strategy is more suited for intermediate to advanced trader levels.

Any questions about this system to be asked on the thread there (FF) not here.

vanhook2 05-06-2009 11:51

Updated version of the Smoothed RSX
 
5 Attachment(s)
:)The author has come out with a new version, V3.
This 1 has an alert in it.
You will have to D/L all the files for it to function properly.

The following is from the author:
MA_of_RSX_v3

This RSX allows the setting of either user-defined overbought /oversold RSX alert levels OR allows alerts for RSX cross up / down. Won't work for both types of alerts set to true.

The chart below, shows an example of the alert. Don't mind how the rsx looks in the chart, the strategy tester can't handle it. It will render properly on a live chart.

This RSX requires all the files _v2 required, so if you don't have _v2 and related Jurik files you won't be able to use this one.

From the author's V2 release:

Ok, so I've got my hands on the Jurik series, so I'm upgrading all my RSX indicators. I also coded a DOUBLE RSX indicator, not sure I'm as excited about its usefulness as the Jurik Site, but I'll post it here for your evaluation.

The Jurik series allows you to smooth the RSX, without changing the period. It also allows you access to 14 different price types to run the RSX on.

I found the price type changes were best seen in the JRSX, it's not that obvious on the MA of RSX. It also appears that the previous RSX indicator was based on a smoothing of 1. I have defaulted the smoothing of the new indicators to 3.

Changing the smoothing is best seen on the MA of RSX, as it will alter when the bars change color.

The following indicators :

JurXSeries.mqh
JJMASeries.mqh
PriceSeries.mqh

are required to be placed in: MetaTrader-Experts-Include (Do not try to compile the .mqh files)

and
Heiken Ashi#.mq4
JJRSX.mq4
MA of RSXv2
GH JRSX DIVERGENCE

to be placed in: MetaTrader-Experts-Indicators



Hit the U/L (5 file) limit. 3 more file in the next post.:)

vanhook2 05-06-2009 12:01

3 more Files
 
1 Attachment(s)
These files need to be in the MetaTrader-Experts-Include (Do not try to compile the .mqh files)

Sorry folks, could not U/L the .MQH files, I had to ZIP them.

Neo 05-06-2009 14:19

Quote:

Originally Posted by lrathi (Post 3413)
H1Scalper System (MTF D1,H1,M5) by Swingman

Irathi, I won't ask you about SwingMan's system here, but I just read the whole thread over on FF. I know you were instrumental in helping him prepare the instructions/rules for this system and you seem to have been using it for a while...so I wanted to ask if you are suggesting incorporating the H1 Scalper System (or parts of it) with AshFX's V2 System? The dashboard on the H1 Scalper seems to be a system resource hog of sorts and the charts look rather busy, how would you combine all that with the AshFX V2?

Thanks.

lrathi 05-06-2009 15:32

Quote:

Originally Posted by Neo (Post 3440)
Irathi, I won't ask you about SwingMan's system here, but I just read the whole thread over on FF. I know you were instrumental in helping him prepare the instructions/rules for this system and you seem to have been using it for a while...so I wanted to ask if you are suggesting incorporating the H1 Scalper System (or parts of it) with AshFX's V2 System? The dashboard on the H1 Scalper seems to be a system resource hog of sorts and the charts look rather busy, how would you combine all that with the AshFX V2?

Thanks.

Neo,

There are many ways to incorporate the H1 Scalper System with many different systems including Ashfxv2. There is a higher TF version called basket trader now.

It is a MTF dashboard with flexibility from M1 to W1.

I am a trader who uses the TOP DOWN Approach as one of my basic pillars in trading. If you have read my posts on the other thread you can see this very clearly.

In this light, use the dashboard as a stand alone which is proving very profitable

OR

Yes I am suggesting incorporating the H1 Scalper System (or parts of it) with AshFX's V2 System ie....

Trade the Ashfx v2 signals when they come up only in the direction of the higher TF as shown on the dashboard. Many traders find it difficult to determine the trends.


"The dashboard on the H1 Scalper seems to be a system resource hog of sorts and the charts look rather busy"

I did mention this was for INTERMEDIATE to ADVANCED level of traders. To a beginner it might seem so.

Happy trading!

123mcmc 06-06-2009 01:25

PRO TRADERS
 
Don't want to intrude to much, 2 quick comments.
VANHOOK- Don't think I got around to thanking you for the RSX link. It was informative but beyond my scope right now, will bank it for later.

IRATHI- Watering at the mouth for your 4Hr. MTF approach. Can't wait!!

Thanks to all.
MC

lrathi 06-06-2009 08:04

Quote:

Originally Posted by 123mcmc (Post 3447)
Don't want to intrude to much, 2 quick comments.
VANHOOK- Don't think I got around to thanking you for the RSX link. It was informative but beyond my scope right now, will bank it for later.

IRATHI- Watering at the mouth for your 4Hr. MTF approach. Can't wait!!

Thanks to all.
MC

You put a smile on my face when I read your metaphors!

Please acknowledge Swingman too in your thanks and gradtitude as he has contributed to this H4 strategy in his own right, refining and adding many a professional idea.

You can do this on the FF thread as I think he reads all posts there regularly.

lrathi 13-06-2009 09:49

AUDNZD weekly analysis Trade shorts only on DAILY
 
1 Attachment(s)
Combining ASHFXv2 indicators with other momentum indicators discussed and candlesticks.

Bearish Divergence seen more clearly

Use momemtum oscillators to confirm weakening momentum with bearish reversals candles can increase the robustness of a bearish reversal pattern.

Shooting Star seen.... Bearish reversal indication.
Candlesticks provide an excellent means to identify short-term reversals, but should not be used alone.

Shooting Star
The shooting star is made up of one candlestick (white or black) with a small body, long upper shadow and small or nonexistent lower shadow. The size of the upper shadow should be a least twice the length of the body and the high/low range should be relatively large. Large is a relative term and the high/low range should be large relative to the range over the last 10-20 days.

For a candlestick to be in star position, it must gap way from the previous candlestick. In Candlestick Charting Explained, Greg Morris indicates that a shooting star should gap up from the preceding candlestick. However, in Beyond Candlesticks, Steve Nison provides a shooting star example that forms below the previous close. There should be room to maneuver, especially when dealing with stocks and indices, which often open near the previous close. A gap up would definitely enhance the robustness of a shooting star, but the essence of the reversal should not be lost without the gap.

So if weekly looks so bearish..... Trading with higher Timeframe participation...

Trade Ashfxv2 signals or any other strategy on lower TF(daily) will be ONLY SHORTS.

Many happy pips to be made in the coming weeks.

Neo 13-06-2009 14:56

1 Attachment(s)
Quote:

Originally Posted by lrathi (Post 3512)
Candlesticks provide an excellent means to identify short-term reversals...

For anybody interested, attached is a PDF on candlestick formations which has helped me learn to identify reversals better, amongst other things.

vanhook2 14-06-2009 13:49

lrathi
 
As Iím sure you know, each pair has its own personality.
So, to have 1 setting does not work.
I have this EA set up on several charts that I SCALP from & each is different.
I only use the 1 hr chart to determine a trend & TP points, and then look for my entry point on the 15M charts.
As for the 4Hr & 1D charts, I employ the AshFX-V2 system & put my S/L @ the swing high/low, as per the system.

What does trailing step: 1 (default) represent?
This is from the manual:
Trailing Step: Checks and modifies trailing stop loss after this number of pip
movement.

lrathi 14-06-2009 14:27

Quote:

Originally Posted by vanhook2 (Post 3520)
As Iím sure you know, each pair has its own personality.
So, to have 1 setting does not work.
I have this EA set up on several charts that I SCALP from & each is different.
I only use the 1 hr chart to determine a trend & TP points, and then look for my entry point on the 15M charts.
As for the 4Hr & 1D charts, I employ the AshFX-V2 system & put my S/L @ the swing high/low, as per the system.

What does trailing step: 1 (default) represent?
This is from the manual:
Trailing Step: Checks and modifies trailing stop loss after this number of pip
movement.

Thanks for this, I am aware of different personalities (Daily range/volatility) of each currency pair. I was asking an average range per TF, like 50 pips for
H1(GBPUSD works well) , H4 250 pips average or something similar.

This was a difficult question from my side.

For the pairs you trade on M15, what trailing stops settings do you find as ideal/optimal?

Thanks again

vanhook2 15-06-2009 19:41

Quote:

Originally Posted by lrathi (Post 3522)
Thanks for this, I am aware of different personalities (Daily range/volatility) of each currency pair. I was asking an average range per TF, like 50 pips for
H1(GBPUSD works well) , H4 250 pips average or something similar.

This was a difficult question from my side.

For the pairs you trade on M15, what trailing stops settings do you find as ideal/optimal?

Thanks again

On pairs such as G/U & E/U, depending on the day, S/L 20 to 50.
On the G/J, 50 to 100.:eek:
Hope that helps

lrathi 17-06-2009 06:31

Quote:

Originally Posted by vanhook2 (Post 3537)
On pairs such as G/U & E/U, depending on the day, S/L 20 to 50.
On the G/J, 50 to 100.:eek:
Hope that helps

Thanks all help. I am not experienced in using pip value trailing stops so far in my trading journey...

I keep reading others work. I use trailing stops manually from one swing high/low or a strong fib cluster of S/R.

If I were to use any of the three trade management EA freely available,(Your being one of them) I would not know where to start.

Before I get asked what are the other two trade management EA's please use FF search to find them or Swingman's thread on FF(Both are mentioned there H1Scalper System (MTF D1,H1,M5) - Forex Factory).

Thanks again for your help

Bluechip 04-08-2009 11:26

Another indicator
 
Hey Ash,
I have been followin this method for a wyl and i would just like to suggest this. The ADX indicator is really cool in knowing the strength of a particular trend. I added it to this system with the following parameters
Period: 14
Applied to close

Could u please look into this and let me know if it could still be fine tuned?

AshFX 04-08-2009 13:19

Quote:

Originally Posted by Bluechip (Post 3778)
Hey Ash,
I have been followin this method for a wyl and i would just like to suggest this. The ADX indicator is really cool in knowing the strength of a particular trend. I added it to this system with the following parameters
Period: 14
Applied to close

Could u please look into this and let me know if it could still be fine tuned?

Hey Bluechip,

If you could give us some examples on this thread that would be cool.

Thanks.

coolheat320 06-08-2009 12:37

Thanks for all the alternative methods, & indicators that you guys have posted. I will be testing a few of these out over the coming weeks. Cheers

Bluechip 15-08-2009 16:28

ADX
 
1 Attachment(s)
Quote:

Originally Posted by AshFX (Post 3780)
Hey Bluechip,

If you could give us some examples on this thread that would be cool.

Thanks.

Sorry this reply took so long.

If u look at the chart below, observe the d candles between the yellow lines. I made 250 pips from monday to wednesday.
I stayed that long on the trade cos ADX crossed over, red(sell) over Green(buy). And the other line (light sea green), which is actually the one that indicates the strenght of a particular trend, was above the 25 level. It eventually crossed over the 40 level, which indicates a really strong trend.

Bluechip 15-08-2009 16:34

ADX
 
Quote:

Originally Posted by AshFX (Post 3780)
Hey Bluechip,

If you could give us some examples on this thread that would be cool.

Thanks.

Sorry this reply took so long.

If u look at the chart below, observe the d candles between the yellow lines. I made 250 pips from monday to wednesday.
I stayed that long on the trade cos ADX crossed over, red(sell) over Green(buy). And the other line (light sea green), which is actually the one that indicates the strenght of a particular trend, was above the 25 level. It eventually crossed over the 40 level, which indicates a really strong trend.


All times are GMT. The time now is 06:13.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2019, vBulletin Solutions, Inc.