AshFX V2 - With complimentary techniques

[rpierce]

Philn

Thanks for your work on this - very interesting.

Couple of questions. So you're saying you don't enter only if PSAR, AO, AC and Stoch are all aligned. You will give them all some time - three bars to align.

Why 58 pips initial SL? Did you find this to be optimum after backtesting? And would you vary this for different pairs?

Are your results based on closing according to rules? 50% on positive close of current bar and the remainder when the PSAR/AO change?

Have you backtested other pairs yet?

Good work.

[philn]

I Did find 58 pips to be optimum after backtesting and find it easier to figure out my money management.

I have only focused on the Euro Us because it has the most volume so more of a chance of getting filled. And with 50 to 1 leverage in the US, I find it safer to be in only one trade at a time.

I'm not sure what you mean when you write "Are your results based on closing according to rules? 50% on positive close of current bar and the remainder when the PSAR/AO change?"

Philn

[rpierce]

I was just referring back to the original rules for the AshFX System V2, which states under "exits"...

If the day, or any consequent day, has closed in your direction (i.e. you’re in profit at the end of any given
day), then close half your position & move SL to break even. Close the other half once either the AO or
PSAR turns the opposite colour/direction. Only exit at the candle close

Are your pip counts based on this approach to exiting?

[fxtechtrader]

Just a short notice that I am glad Ash is reopening his forum again, I will contribute to my best effort. Many pips to all.

Thank you !


___________
michael

[philn]

Originally Posted by rpierce

I was just referring back to the original rules for the AshFX System V2, which states under "exits"...

If the day, or any consequent day, has closed in your direction (i.e. you’re in profit at the end of any given
day), then close half your position & move SL to break even. Close the other half once either the AO or
PSAR turns the opposite colour/direction. Only exit at the candle close

Are your pip counts based on this approach to exiting?

I apologize for taking so long to get back to you. Good question, I just get out if at the end of a candle and the parobolic sar has changed direction or if the price action doesn't seem to be going anywhere I will set up a break even stoploss. I hope this helps
philn