AshFX V2 - With complimentary techniques

[vanhook2]

Murry Math Level Indicator & some 4hr charts.
If you want to try it, follow the link.


Forex Factory - View Single Post - Trading using Murray Maths and Price Action

[lrathi]

See GBPUSD chart attached

Also note how RSX can keep you in the trade longer conpared to Stochastics that VAnhook mentioned in a previous post.

[lrathi]

TOP DOWN APPROACH made easy in conjuction with ASHFX2 signals

Initially performance 100% Winning trades on Entry signals. 40%+ profit in 4 trading days using 4H Timeframe.

Working on ideal EXIT strategy at this stage.... not long to perfect....Coming Soon!


H1Scalper System (MTF D1,H1,M5) - Forex Factory

H1Scalper System (MTF D1,H1,M5) by Swingman

Do not let the name scalper system put you off higher TF trading.

The dashboard can be adapted for any timeframe trading (Scalping to investing).

Also, this strategy is more suited for intermediate to advanced trader levels.

Any questions about this system to be asked on the thread there (FF) not here.

[vanhook2]

The author has come out with a new version, V3.
This 1 has an alert in it.
You will have to D/L all the files for it to function properly.

The following is from the author:
MA_of_RSX_v3

This RSX allows the setting of either user-defined overbought /oversold RSX alert levels OR allows alerts for RSX cross up / down. Won't work for both types of alerts set to true.

The chart below, shows an example of the alert. Don't mind how the rsx looks in the chart, the strategy tester can't handle it. It will render properly on a live chart.

This RSX requires all the files _v2 required, so if you don't have _v2 and related Jurik files you won't be able to use this one.

From the author's V2 release:

Ok, so I've got my hands on the Jurik series, so I'm upgrading all my RSX indicators. I also coded a DOUBLE RSX indicator, not sure I'm as excited about its usefulness as the Jurik Site, but I'll post it here for your evaluation.

The Jurik series allows you to smooth the RSX, without changing the period. It also allows you access to 14 different price types to run the RSX on.

I found the price type changes were best seen in the JRSX, it's not that obvious on the MA of RSX. It also appears that the previous RSX indicator was based on a smoothing of 1. I have defaulted the smoothing of the new indicators to 3.

Changing the smoothing is best seen on the MA of RSX, as it will alter when the bars change color.

The following indicators :

JurXSeries.mqh
JJMASeries.mqh
PriceSeries.mqh

are required to be placed in: MetaTrader-Experts-Include (Do not try to compile the .mqh files)

and
Heiken Ashi#.mq4
JJRSX.mq4
MA of RSXv2
GH JRSX DIVERGENCE

to be placed in: MetaTrader-Experts-Indicators



Hit the U/L (5 file) limit. 3 more file in the next post.

[vanhook2]

These files need to be in the MetaTrader-Experts-Include (Do not try to compile the .mqh files)

Sorry folks, could not U/L the .MQH files, I had to ZIP them.

[Neo]

Originally Posted by lrathi

H1Scalper System (MTF D1,H1,M5) by Swingman

Irathi, I won't ask you about SwingMan's system here, but I just read the whole thread over on FF. I know you were instrumental in helping him prepare the instructions/rules for this system and you seem to have been using it for a while...so I wanted to ask if you are suggesting incorporating the H1 Scalper System (or parts of it) with AshFX's V2 System? The dashboard on the H1 Scalper seems to be a system resource hog of sorts and the charts look rather busy, how would you combine all that with the AshFX V2?

Thanks.

[lrathi]

Originally Posted by Neo

Irathi, I won't ask you about SwingMan's system here, but I just read the whole thread over on FF. I know you were instrumental in helping him prepare the instructions/rules for this system and you seem to have been using it for a while...so I wanted to ask if you are suggesting incorporating the H1 Scalper System (or parts of it) with AshFX's V2 System? The dashboard on the H1 Scalper seems to be a system resource hog of sorts and the charts look rather busy, how would you combine all that with the AshFX V2?

Thanks.

Neo,

There are many ways to incorporate the H1 Scalper System with many different systems including Ashfxv2. There is a higher TF version called basket trader now.

It is a MTF dashboard with flexibility from M1 to W1.

I am a trader who uses the TOP DOWN Approach as one of my basic pillars in trading. If you have read my posts on the other thread you can see this very clearly.

In this light, use the dashboard as a stand alone which is proving very profitable

OR

Yes I am suggesting incorporating the H1 Scalper System (or parts of it) with AshFX's V2 System ie....

Trade the Ashfx v2 signals when they come up only in the direction of the higher TF as shown on the dashboard. Many traders find it difficult to determine the trends.


"The dashboard on the H1 Scalper seems to be a system resource hog of sorts and the charts look rather busy"

I did mention this was for INTERMEDIATE to ADVANCED level of traders. To a beginner it might seem so.

Happy trading!

[123mcmc]

Don't want to intrude to much, 2 quick comments.
VANHOOK- Don't think I got around to thanking you for the RSX link. It was informative but beyond my scope right now, will bank it for later.

IRATHI- Watering at the mouth for your 4Hr. MTF approach. Can't wait!!

Thanks to all.
MC

[lrathi]

Originally Posted by 123mcmc

Don't want to intrude to much, 2 quick comments.
VANHOOK- Don't think I got around to thanking you for the RSX link. It was informative but beyond my scope right now, will bank it for later.

IRATHI- Watering at the mouth for your 4Hr. MTF approach. Can't wait!!

Thanks to all.
MC

You put a smile on my face when I read your metaphors!

Please acknowledge Swingman too in your thanks and gradtitude as he has contributed to this H4 strategy in his own right, refining and adding many a professional idea.

You can do this on the FF thread as I think he reads all posts there regularly.

[lrathi]

Combining ASHFXv2 indicators with other momentum indicators discussed and candlesticks.

Bearish Divergence seen more clearly

Use momemtum oscillators to confirm weakening momentum with bearish reversals candles can increase the robustness of a bearish reversal pattern.

Shooting Star seen.... Bearish reversal indication.
Candlesticks provide an excellent means to identify short-term reversals, but should not be used alone.

Shooting Star
The shooting star is made up of one candlestick (white or black) with a small body, long upper shadow and small or nonexistent lower shadow. The size of the upper shadow should be a least twice the length of the body and the high/low range should be relatively large. Large is a relative term and the high/low range should be large relative to the range over the last 10-20 days.

For a candlestick to be in star position, it must gap way from the previous candlestick. In Candlestick Charting Explained, Greg Morris indicates that a shooting star should gap up from the preceding candlestick. However, in Beyond Candlesticks, Steve Nison provides a shooting star example that forms below the previous close. There should be room to maneuver, especially when dealing with stocks and indices, which often open near the previous close. A gap up would definitely enhance the robustness of a shooting star, but the essence of the reversal should not be lost without the gap.

So if weekly looks so bearish..... Trading with higher Timeframe participation...

Trade Ashfxv2 signals or any other strategy on lower TF(daily) will be ONLY SHORTS.

Many happy pips to be made in the coming weeks.