The AshFX System - Version II

AshFX · #1 (**permalink**) 09-03-2009, 16:59

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:

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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.

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Look forward to questions/analysis/discussion/testing.

Regards,

Ash

fredx · #2 (**permalink**) 09-03-2009, 17:37

Hi Ash,

Thanks for V2, which of course is very similar to V1...let me be the first to ask some very obvious questions...

1. This must have advantages over V1...what are they?

2. The document that outlined the system only cosisted of 'entry conditions'..when will details re SL, TP etc follow or are we to asume 'same as V1'?

3. Are now only trading V2, or still using V1 as well...?

Freddi

Quote:

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

AshFX · #3 (**permalink**) 09-03-2009, 17:54

Quote:

Originally Posted by fredx

Hi Ash,

Thanks for V2, which of course is very similar to V1...let me be the first to ask some very obvious questions...

1. This must have advantages over V1...what are they?

2. The document that outlined the system only cosisted of 'entry conditions'..when will details re SL, TP etc follow or are we to asume 'same as V1'?

3. Are now only trading V2, or still using V1 as well...?

Freddi

The system doesn't get you into trades too soon, it waits for the Awesome, the original didn't wait for an Awesome confirmation to enter. This prevents many trades which don't go on to become trends, helps filter out some ranging.

The SL and TP have been explained, in the section entitled "Exit".

Version 2, for a while now.

Ash

cx57 · #4 (**permalink**) 09-03-2009, 18:02

Thanks, It is helpful

dicarlp · #5 (**permalink**) 09-03-2009, 18:03

Thanks much for posting the new version. Looking forward to seeing how it does!

From me,
dicarlp

SmartFx · #6 (**permalink**) 09-03-2009, 18:15

Hey Ash,

It is gr8 you took time and improve AshFX and I believe it is for a good cause, I will start using it as of today.

Any more rules to it or we just stay with V1 rules?

Regards

SmartFX
SmartKenya

Henry · #7 (**permalink**) 09-03-2009, 18:31

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

mmaurice · #8 (**permalink**) 09-03-2009, 18:34

I have been trading the original AshFX Daily since Sept 1 across 19 different pairs.

Overall I am up about 13% since Sept 1.

I have missed a couple signals here and there but for the most part have been pretty disciplined.

I have been entering trades basically by the rules you have just presented. All indicators have to line up. Although, I dont pay as much attention to the Stoch, as long as it is going the right direction.

Looking at the new system, it appears the biggest change has been with the PSAR, going to 0.05 and then the exit rules.

With the PSAR that loose, it is going to signal more often. What was the justification beind loosening the rope of the PSAR?

The biggest change to the exit I see is to sell at the first sign of profit. It seems the risk/reward ratio will be reduced by taking the smaller profits. Has this new exit policy resulted in increased overall profit?

In a quick glance, it looks like you would be in and out of trades more often with this setup. From your experience, is this true?

bill · #9 (**permalink**) 09-03-2009, 18:39

Ash,
Thank you for the newest version. I'm anxious to try it out.
Probably starting tomorrow.
bill

AshFX · #10 (**permalink**) 09-03-2009, 18:40

Quote:

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

Relatively speaking, the system's drawdowns are actually manageable, because what's imperative, is to look at it's risk/reward ratio.

If a system's average reward is larger than the average risk as is the case here, then drawdowns shouldn't really be a problem.

So for example, maybe you might have a 200pip drawdown, but if the profit is 300pips, then really, the drawdown isn't actually "huge". A scalping system that has 10pip SL and 2pip TP has huge drawdowns, relatively speaking.