The AshFX System - Version II

[94315jim]

Hey Demons19,

I use it on the 4hr chart with a few other indicators and had success........

[94315jim]

just bought eurjpy and chfjpy based on what I saw on the 4hr TF.......

[Zilosxp]

Trades have been far fetched this year.anyway where's Ash? Would love to get his thoughts on the current situation

[Jim67]

There have been set ups this year but most have had long candles or wicks that have kept us out of them. Patience Grasshopper

[Zilosxp]

Its really confusing to look at all these(candle length,S&R ETC) before entering a trade..dont you guys think its better for one to follow the original rules strictly?

Originally Posted by Jim67

There have been set ups this year but most have had long candles or wicks that have kept us out of them. Patience Grasshopper

[Jim67]

Originally Posted by Zilosxp

Its really confusing to look at all these(candle length,S&R ETC) before entering a trade..dont you guys think its better for one to follow the original rules strictly?

Hi Zilosxp,
I think if you took every single trade confirmation regardless of candle/wick size, S/R etc you would probably do alright. But I have learned the hard way (ie the expensive way) that the signals with the long confirmation candles &/or wicks generally mean larger SL and generally hammer you.
But there are no absolute rights or wrongs in Forex. You gotta do what suits you - if that means taking them all,then Go for it! As I say you'll probably do OK ... try it and see.
I have come to understand and respect Ash's strategy and his wisdom/experience, but I also have my own style too ... ie SL limit etc...

[Zilosxp]

Originally Posted by Jim67

Hi Zilosxp,
I think if you took every single trade confirmation regardless of candle/wick size, S/R etc you would probably do alright. But I have learned the hard way (ie the expensive way) that the signals with the long confirmation candles &/or wicks generally mean larger SL and generally hammer you.
But there are no absolute rights or wrongs in Forex. You gotta do what suits you - if that means taking them all,then Go for it! As I say you'll probably do OK ... try it and see.
I have come to understand and respect Ash's strategy and his wisdom/experience, but I also have my own style too ... ie SL limit etc...

could you talk on this 'style' please..i believe we are all looking at how to get the best out of this..

[dryclean]

Ash you have been running this system obviously for years. Would you share your winning percentage and highest DD.
I use to do this on demo and got away from it but it is drawing me back. I would like to play with it again and go live only if consistently profitable

Thanks
Dave

[epiphany]

Originally Posted by dryclean

Ash you have been running this system obviously for years. Would you share your winning percentage and highest DD.
I use to do this on demo and got away from it but it is drawing me back. I would like to play with it again and go live only if consistently profitable

Thanks
Dave

That would be awesome if possible Ash. Even a transparent record at MyFXBoox or equivalent. Not that we doubt the success of the system, just would love to see how you are applying it in your own trading.

[nickobuse]

Hi Ash,

Can you confirm whether GBPNZD will continue bearish.
Thamks

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