The AshFX System - Version II

[yosih36]

Originally Posted by AshFX

Dear all,

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

This system is simple, easy, & profitable.

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.

Unzip the attached zip file, you'll find two files, 1) the actual system, and 2) the MT4 Template. Take the attached template and apply it in Metatrader.

See below for an example of what you should be seeing:



Look forward to questions/analysis/discussion/testing.

Regards,

Ash

HI

Thank you very much for sharing the new version

I'm new in forex and never used the last version

I will start using it to try it.

Best Regards

[AshFX]

I forgot to mention something.

For this system, it's better if you use a broker that DOESN'T use a Sunday bar.

This is why I use FXDD (in demo). So basically, you just need to download an FXDD MT4 Demo, use that for identifying trades, and simply enter the trades in your live broker.

[AshFX]

Originally Posted by crunchcredit

Did you take this usd/chf trade?

Nope, I never. And I want you to tell me why, if you can.

[bernbeach]

Hi Ash,
I just received your new version by email and downloaded it. I am comparing with the first one and am looking for the improvements:
1) PSAR is now 0.05 instead of 0.03. Why is this better?
2) In version 2: S@stoch (i.e. not below the 20 line), in first version: (i.e. not below the 50), - In version 2: B@stoch (i.e. not above the 80line), in first version: (i.e. not above the 50).
Please clarify your choices and advantages.
Thanks in advance
Bern in Belgium

[dicarlp]

Originally Posted by AshFX

I forgot to mention something.

For this system, it's better if you use a broker that DOESN'T use a Sunday bar.

This is why I use FXDD (in demo). So basically, you just need to download an FXDD MT4 Demo, use that for identifying trades, and simply enter the trades in your live broker.

Does it matter if a broker (FXDD or otherwise) begins to draw a new daily bar at GMT +0 or does this have any effect on the system at all? I ask since I recall a comment from someone (cabbagepicker maybe?) saying that ODL was preferred due to the fact that new daily bars are drawn at GMT +0.

Also, is there any preference in broker charting if trade are to be made using 4H charts?

Thanks much for your attention to this and for your feedback, Ash!

From me,
dicarlp

[AshFX]

Originally Posted by bernbeach

Hi Ash,
I just received your new version by email and downloaded it. I am comparing with the first one and am looking for the improvements:
1) PSAR is now 0.05 instead of 0.03. Why is this better?
2) In version 2: S@stoch (i.e. not below the 20 line), in first version: (i.e. not below the 50), - In version 2: B@stoch (i.e. not above the 80line), in first version: (i.e. not above the 50).
Please clarify your choices and advantages.
Thanks in advance
Bern in Belgium

As explained above, AO is now compulsory, and as a result PSAR 0.05 in conjunction with AO works better. I noticed more and more that it didn't make much of a difference where Stochs were, as long as they weren't overbought or oversold.

[AshFX]

Originally Posted by dicarlp

Does it matter if a broker (FXDD or otherwise) begins to draw a new daily bar at GMT +0 or does this have any effect on the system at all? I ask since I recall a comment from someone (cabbagepicker maybe?) saying that ODL was preferred due to the fact that new daily bars are drawn at GMT +0.

Also, is there any preference in broker charting if trade are to be made using 4H charts?

Thanks much for your attention to this and for your feedback, Ash!

From me,
dicarlp

That's actually a good question, which I can't accurately answer. I suppose as long as it doesn't have a Sunday bar, it should be OK.

As for H4, again, I tested it on FXDD. You are free to try on ODL, and let us know your results.

[crunchcredit]

Originally Posted by AshFX

Nope, I never. And I want you to tell me why, if you can.

Ash I tried to post before, but it didn't work i think.

I said I wasn't too sure why you didn't take the trade.

Please can you explain?

thanks.

[hedgehog]

Originally Posted by Henry

Ash,
Thanks for this system. I have been using it as an indicator of the trend since you first "unveiled" it on forexfactory. What I found is that entry is a problem and that the drawdaown on the longer timeframes can be huge. Have you perhaps looked into this aspect of the system.

Cheers

Henry

What?!?!? It was released elsewhere first?

Tsk! Tsk! Ash you should release it here days before you release it elsewhere for the benefit of your loyal fans and subscribers

[jonleung]

Originally Posted by hedgehog

What?!?!? It was released elsewhere first?

Tsk! Tsk! Ash you should release it here days before you release it elsewhere for the benefit of your loyal fans and subscribers

I think V1 was first unveiled on FF, before forexmoments was launched. To be honest, FF had an awful lot of rubbish to wade though to get to the useful posts. I'm glad that Ash launched this site, and thanks are due to him from all of us for sharing his efforts with us.

One suggestion - maybe we could have a separate thread for the signals that the system generates? If the titles include the date and the pair, that would be easy for all to follow.