The AshFX System - Version II

[noblehobo]

Originally Posted by AshFX

It's not a valid setup on my chart. AO is green.

I was just going to say the same thing Ash, and attach my image, but couldn't get it to work... hmmm.

[AshFX]

Originally Posted by noblehobo

I was just going to say the same thing Ash, and attach my image, but couldn't get it to work... hmmm.

Hmmm strange. What errors are you getting when trying to attach the image?

[lrathi]

Originally Posted by vanhook2

That everyone was watching the 4Hr charts.
I played with 3 of them, the G/U, G/J & E/U (charts attached).
Easy pips today.
I wonder if we will get a daily signal soon.

And before the question is asked, that is Murry Math Levels on the charts.
I'll post in the AshFX V2 - With complimentary techniques area

Look further with basic Ashfx2 indicators.

GBPUSD : with use of complimentary indicators (not shown here,but on complimentary thread) the same story.

[lrathi]

See my post on complimentary thread

[Neo]

In the rules of the V2 System Ash says: [COLOR="blue"]"Please bear in mind, it doesn't matter in which order the indicators line up, just as long as the rules mentioned are adhered to."[/COLOR]--? Well, what if everything is lining up except for either the AC or the AO?--but in the next bar this lagging indicator does end up lining up (as shown in the attached picture--AO is red in the bar where everything else is lined up for a buy, but in the next bar it turns green), would it still be following the rules to enter a trade with those details?--could this be a case where "it doesn't matter in which order the indicators line up"?--Or are all the indicators supposed to line up before the close of the candle you are looking at?

TIA (Thanks In Advance)

[Neo]

In the rules of the V2 System Ash says: [COLOR="blue"]"Please bear in mind, it doesn't matter in which order the indicators line up, just as long as the rules mentioned are adhered to."[/COLOR]--? Well, what if everything is lining up except for either the AC or the AO?--but in the next bar this lagging indicator does end up lining up (as shown in the attached picture--AO is red in the bar where everything else is lined up for a buy, but in the next bar it turns green), would it still be following the rules to enter a trade with those details?--could this be a case where "it doesn't matter in which order the indicators line up"?--Or are all the indicators supposed to line up before the close of the candle you are looking at?

TIA (Thanks In Advance)

[Neo]

In the instructions for V1, Ash explains how to find the high/low of the candle which is the initial SL for exiting a trade. In V2 the initial SL is the swing high/low, can someone please tell me how to figure out the swing high/low?

Thank you!

P.S. One other question I've been meaning to ask in regards to Ash's Exit instructions and more specifically, about closing half your position and moving the SL to break even.

Since I'm such a newbie, would someone mind explaining exactly how you do this exactly? I assume most people do this using an MT4 platform? This is how my limited understanding of doing this is:

• In MT4: double-click on an open order in the Terminal under Trade tab (or right-click on it and select "Modify or Delete Order" and select "Instant Execution")
• Adjust the lot size (if the order was originally 0.50 and you want to cut it in half, you would change the lot size to 0.25, etc. At this point you can set a new TP and a new SL)
• Click on "Close Order". It then closes your original order and opens a new one (at the desired lot size you selected).

Is this how you do it? The only thing I don't like about this is that it seems that when you do this (the steps I listed above), it changes the lot size of your original order as it closes it to be half of what it originally was. In other words, if I decided to use a 0.50 lot size because my Money Management calculator (a little Excel spreadsheet I made) tells me that I can risk 30 pips as a SL at 0.50 lot size, but then if I close a portion of a trade to secure my wins, I don't want it to close me out at 0.25 lot size (that would cut my profits in half, wouldn't it? I would want it to close the order at 0.50 and then open a new order at 0.25 to continue from there.

I'm not sure if I made sense in trying to describe this. But if if my MM tells me I can risk 30 pips at 0.50 lot size, then I want that full 0.50 lot size when I close my order (even if it's just the first part of my order, but that TP is what I was banking on), as 0.50 lot size will give me twice as much money than a 0.25 lot size, right?

[MykeFX]

Originally Posted by Neo

"it doesn't matter in which order the indicators line up"?--Or are all the indicators supposed to line up before the close of the candle you are looking at?

TIA (Thanks In Advance)

Right, the order of the indicators lining up doesn't matter as long there is a valid signal when the candle closes. Valid signal means they are ALL in agreement as to the direction.

Cheers

[MykeFX]

Originally Posted by Neo

In the instructions for V1, Ash explains how to find the high/low of the candle which is the initial SL for exiting a trade. In V2 the initial SL is the swing high/low, can someone please tell me how to figure out the swing high/low?

Thank you!

P.S. One other question I've been meaning to ask in regards to Ash's Exit instructions and more specifically, about closing half your position and moving the SL to break even.

Since I'm such a newbie, would someone mind explaining exactly how you do this exactly? I assume most people do this using an MT4 platform? This is how my limited understanding of doing this is:

• In MT4: double-click on an open order in the Terminal under Trade tab (or right-click on it and select "Modify or Delete Order" and select "Instant Execution")
• Adjust the lot size (if the order was originally 0.50 and you want to cut it in half, you would change the lot size to 0.25, etc. At this point you can set a new TP and a new SL)
• Click on "Close Order". It then closes your original order and opens a new one (at the desired lot size you selected).

Is this how you do it? The only thing I don't like about this is that it seems that when you do this (the steps I listed above), it changes the lot size of your original order as it closes it to be half of what it originally was. In other words, if I decided to use a 0.50 lot size because my Money Management calculator (a little Excel spreadsheet I made) tells me that I can risk 30 pips as a SL at 0.50 lot size, but then if I close a portion of a trade to secure my wins, I don't want it to close me out at 0.25 lot size (that would cut my profits in half, wouldn't it? I would want it to close the order at 0.50 and then open a new order at 0.25 to continue from there.

I'm not sure if I made sense in trying to describe this. But if if my MM tells me I can risk 30 pips at 0.50 lot size, then I want that full 0.50 lot size when I close my order (even if it's just the first part of my order, but that TP is what I was banking on), as 0.50 lot size will give me twice as much money than a 0.25 lot size, right?

I will try to answer some of these ?'s... The swing hi and lo means the previous low or hi... if you are going long look for the previous low.. usually where the new PSAR dot has appeared.
Don't use the "modify or delete" use the "close order" to take half off.
When you get the close order screen you can adjust the lot size... say the current lot is 1 you can type in .5 and then you would be closing half the order.

Then you can use the "Modify or delete" to change your stop loss to Break even or whatever you want.

Hope this helps.

[Neo]

Originally Posted by MykeFX

Right, the order of the indicators lining up doesn't matter as long there is a valid signal when the candle closes. Valid signal means they are ALL in agreement as to the direction.

Cheers

Thanks for the quick answer. So, this setup would not be a proper signal then?-- http://forexmoments.com/forums/attac...-ii-eurjpy.gif The AO did not turn green till candle/bar opened. I just want to be clear that ALL indicators need to be in the correct position by the close of the current candle/bar?--meaning it's too late if they turn the right direction at the opening of the next candle/bar?--in that case you would need to wait till the NEXT candle to enter the trade?

Originally Posted by MykeFX

The swing hi and lo means the previous low or hi... if you are going long look for the previous low.. usually where the new PSAR dot has appeared.

So you mean just to look at the previous candle's high (or low) to find the swing hi/low?

Originally Posted by MykeFX

Don't use the "modify or delete" use the "close order" to take half off. When you get the close order screen you can adjust the lot size... say the current lot is 1 you can type in .5 and then you would be closing half the order. Then you can use the "Modify or delete" to change your stop loss to Break even or whatever you want.

OK thanks, I understand that. But is the ONLY way to close a portion of your order to close it out at a different lot size than when you opened it? If you were counting on (say) 20 pips at 1 lot size and you hit that 20 pips, you don't want to close half of that order at 0.5 lots...that would give you half the profit than if you closed the order at the original 1 lot size, isn't that right? If my MM spreadsheet tells me that in order to make $200 (with a Standard account), if I open an order at 1 lot size and make 20 pips, I make $200. However, if I close half of the order at 20 pips for a 0.5 lot size, my profit now went down to $100 for those same 20 pips, is that right?