The AshFX System - Version II

QTube · #**2301** (**permalink**) 07-10-2009, 19:42

Clicked on this from FF by chance...looks great...Thanks!
Q

AshFX · #**2302** (**permalink**) 07-10-2009, 22:21

No setups today peeps.

AlanT58 · #**2303** (**permalink**) 08-10-2009, 03:12

hello again all,

well i guess im one of the few who took the aud/usd.
why you ask?
because here in OZ in the news they were tipping a small interest rate rise. which usually is good for currency.
i had an ASH signal forming on the 6th and knowing of the possible rate rise and the way the candle was growing, i suspected others knew as well. i know ash said the candle was too long but i noticed that the previous 4 candles were also long.
so i went long before the candle closed and got in @ .89173.
SL was set at the weekly R1 @.8814 as the swing low was 350 pips. way too big for me.

the doji on the 7th had me sweating some, but turned out to be a rest period before continuing north.
currently the trade is up 95 pips, so i moved the SL to .89673 (BE+50) and have a TS of 40pips.
so i guess im in until the TS is hit or the signal goes red.

more pips for all
cheers from sunny brisbane
al.

zalienz · #**2304** (**permalink**) 08-10-2009, 04:35

First I need to thank Ash for a great system.

I back tested this system over 20 currency pairs since the January 1st 2009 and the results have been astounding. I was recently trading a short term system that had me glued to the screens for hours at a time, up early (4AM) to trade the Euro session and after a month I made no money.

I have been trading AshFX daily version 2 since the first of October and I can say things have been going very well. I'm up 5.86 percent on my live account in just 7 days. I now only trade an hour a day, the first hour after the candle closes on a daily timeframe which is 5PM here with my GMT broker IBFX. Here are the results of my back tests, in pips since Jan 01, 2009 through September.

GBP/JPY 2475
USD/CAD 2007
GBP/USD 1817
GBP/CAD 1673
AUD/JPY 1613
EUR/JPY 1452
EUR/USD 1368
USD/JPY 1148
USD/SGD 899
CHF/JPY 858
AUD/USD 777
AUD/NZD 762
EUR/CAD 624
AUD/CHF 596
AUD/CAD 512
GBP/CHF 130
EUR/GBP 50
EUR/CHF -100
USD/CHF -103
EUR/AUD -818

It's easy to see the system works best with GBP and JPY pairs for the most part.

I have to admit these results are not system picture perfect, as I made a few mistakes along the way, mostly by forgetting to move the stop to break even on trades going your way and also by getting out early when I had a strong feeling the trade had changed and not waiting for the PSAR to reverse trend. I also used Ash's version 1 system prior to this in demo, and would occasionally take second strength trades, especially if it was obvious the AC or AO was declining towards the correct direction.

Looking at the results, I have eliminated the pairs GBP/CHF and below, and trade the others above it. I run the lower pairs in demo just to see what happens as the market does change.

While I need more time to look at the overall results, I can say I'm very optimistic. The forex market is a 3 trillion dollar a day market and I see no reason why some of that can't go into my account, and yours too.

My trade rules include:

AshFX version 2 rules lining up

I then go to another MT4 1 hour chart, set up FXI pivot points

http://www.thefxpivotpoint.com/

set up relative strength chart to double check overbought / oversold conditions

Check price action (important)

Finally I always trade with the longer term trend. If AshFX says go long on a chart that has been falling over the last couple of months, I pass on the trade, vice versa for short.

If all of these look good, I take the trade.

I can say this system so far works very well, no system is perfect and there are some loss trades, which can sting a bit with the large stop losses needed to make this work. But the winning trades by far exceed the losers and if you've got the guts and the right mental attitude, it can make you some bux.

Many thanks again to Ash!

Egwig · #**2305** (**permalink**) 08-10-2009, 09:34

Quote:

Originally Posted by zalienz

First I need to thank Ash for a great system.

I back tested this system over 20 currency pairs since the January 1st 2009 and the results have been astounding. I was recently trading a short term system that had me glued to the screens for hours at a time, up early (4AM) to trade the Euro session and after a month I made no money.

I have been trading AshFX daily version 2 since the first of October and I can say things have been going very well. I'm up 5.86 percent on my live account in just 7 days. I now only trade an hour a day, the first hour after the candle closes on a daily timeframe which is 5PM here with my GMT broker IBFX. Here are the results of my back tests, in pips since Jan 01, 2009 through September.

Many thanks again to Ash!

Good post.

Thanks Zalienz

Egwig

AlanT58 · #**2306** (**permalink**) 08-10-2009, 15:24

well folks nothing lasts forever

my audusd trade was going fine.
the candle was getting pretty long so i changed the 40 pip TS to 25 pip TS.
the price peaked @ .90581 after going sideways for several hours, turned south and hit my 25 pip TS and dropped a little more.
so i ended up with 106 pips in the bank for approx 48 hours

.
now we wait for the next one

cheers al.

MykeFX · #**2307** (**permalink**) 09-10-2009, 22:02

Wow, 4 Yen pair setups for Sunday and they all look bad! 3 with candles that are to long and the G/J has a long upper wick.

Have a good weekend everyone.

Mike.

emmy4000 · #**2308** (**permalink**) 10-10-2009, 00:25

I believe that there is Ash set in the following pairs.

USD/JPY

EUR/JPY

GBP/JPY

CHF/JPY

Pls, can anybody give reason why we cannot take this trade by sunday night. Or if u think otherwise. I need to know. Thanks.

rewing · #**2309** (**permalink**) 10-10-2009, 05:23

Of the multiple JPY trade setups we have, I have a question, primarily directed to King Pips.
Although the candles are long, would the UJ & EJ trades qualify in your breakout system?
Would you please advise?
Charts Attached
Thanks

King Pips · #**2310** (**permalink**) 10-10-2009, 08:08

Quote:

Originally Posted by rewing

Of the multiple JPY trade setups we have, I have a question, primarily directed to King Pips.
Although the candles are long, would the UJ & EJ trades qualify in your breakout system?
Would you please advise?
Charts Attached
Thanks

On the EJ I took it to buy. Broke the Triangle, then Broke the Par, Ashfx Signaled the first bar and went in, up 100 pips
On the UJ, I am waiting for the next bar Sunday to clear the Triangle better, and Ashfx signal on that bar, will see.