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AshFX Daily

  • #1
  • First Post: Edited Jun 17, 2008 7:40am Jun 15, 2008 3:28pm | Edited Jun 17, 2008 7:40am
Dear all,

Here I present to you my new System, AshFX Daily. It's excellent for traders who work a full-time job, and/or can't/don't want to spend hours and hours staring at the screen.

I’ve been working on this system for quite a while; I wanted to make it accurate, yet simple at the same time. I believe I have achieved that. It is designed for the Daily Timeframe, and can be used on any currency pair.

The results that can be obtained from this system, is literally hundreds of pips a month. On average, the reward is greater than the risk.


These are the indicators that are required:


- Parabolic Stop and Reverse (PSAR, 0.03, 0.2)

- AC (Accelerator Oscillator)

- AO (Awesome Oscillator)

- Stochastics (5,3,3)


Take the attached template and apply it in Metatrader. Use it on the Daily Timeframe (D1), on any currency pair. By the way, these indicators can be found in any platform, so you are not limited to MT4.

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

Two files attached - the actual AshFX System PDF manual, and the template for MT4 users. Please read carefully.

Look forward to questions/analysis/discussion/testing.

Regards,

Ash
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_ashfx_daily_example.gif Size: 25 KB
Attached File(s)
File Type: tpl AshFX_Daily.tpl   1 KB | 6,493 downloads
File Type: pdf AshFX_Daily.pdf   49 KB | 17,616 downloads | Uploaded Jun 17, 2008 7:40am
  • #2
  • Jun 15, 2008 3:37pm Jun 15, 2008 3:37pm
Somehow this seems to work much better on M15 at least watching Cable.
On the daily I have not found a single profitable trade.
  • #3
  • Jun 15, 2008 3:51pm Jun 15, 2008 3:51pm
Quoting forexmoments
Dear all,

Here I present to you my new System, AshFX Daily. It's excellent for traders who work a full-time job, and/or can't/don't want to spend hours and hours staring at the screen.

I’ve been working on this system for quite a while; I wanted to make it accurate, yet simple at the same time. I believe I have achieved that. It is designed for the Daily Timeframe, and can be used on any currency pair.

The results that can be obtained from this system, is literally hundreds of pips a month. On average, the reward is greater than the risk.


These are the indicators that are required:


- Parabolic Stop and Reverse (PSAR, 0.03, 0.2)

- AC (Accelerator Oscillator)

- AO (Awesome Oscillator)

- Stochastics (5,3,3)


Take the attached template and apply it in Metatrader. Use it on the Daily Timeframe (D1), on any currency pair. By the way, these indicators can be found in any platform, so you are not limited to MT4.

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

Two files attached - the actual AshFX System PDF manual, and the template for MT4 users. Please read carefully.

Look forward to questions/analysis/discussion/testing.

Regards,

Ash
Do you enter only on closed bars?
Thanks
  • #4
  • Jun 15, 2008 3:54pm Jun 15, 2008 3:54pm
Hi Ash

I got your email about this system last week and Demo traded with it. I found 3 trades that matched your entry criteria. GBPCHF long, AUDCAD short both of which hit the first take profit and then closed at break even. the other trade CADJPY short is still running. It was in profit but now slightly in the red, however first impression look very good.

I have a couple of question which I will post soon but so far so good.

Thanks a lot

Ljr
  • #5
  • Jun 15, 2008 3:54pm Jun 15, 2008 3:54pm
Quoting Tjpld
Somehow this seems to work much better on M15 at least watching Cable.
On the daily I have not found a single profitable trade.
Check the EUR/USD daily. There are many profitable trades.
  • #6
  • Jun 15, 2008 4:06pm Jun 15, 2008 4:06pm
Your last trade wouldn't qualify because the AO is green correct?
  • #7
  • Jun 15, 2008 4:28pm Jun 15, 2008 4:28pm
Regarding stop loss. Where would you put it for the attached trade? This indicates a long but the low of the trigger candle is at or near the entry point.

On Demo what i did was put a 100 pip Stop loss and this work out quite well.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF.JPG Size: 56 KB
  • #8
  • Jun 15, 2008 4:51pm Jun 15, 2008 4:51pm
Quoting Tjpld
Somehow this seems to work much better on M15 at least watching Cable.
On the daily I have not found a single profitable trade.
I'm sorry, but you are mistaken, the system produced over 400 pips on Cable over the past month. Please see screenshot. I haven't tried it on M15, nor was it designed for that timeframe. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_ashfx.gif Size: 28 KB
  • #9
  • Jun 15, 2008 4:51pm Jun 15, 2008 4:51pm
Quoting billbss
Do you enter only on closed bars?
Thanks
Yes, I do.
  • #10
  • Jun 15, 2008 5:06pm Jun 15, 2008 5:06pm
is the AO & AC have to be below or above the 0 line or U wory just un the coler
  • #11
  • Jun 15, 2008 5:09pm Jun 15, 2008 5:09pm
Quoting ljr
Hi Ash

I got your email about this system last week and Demo traded with it. I found 3 trades that matched your entry criteria. GBPCHF long, AUDCAD short both of which hit the first take profit and then closed at break even. the other trade CADJPY short is still running. It was in profit but now slightly in the red, however first impression look very good.

I have a couple of question which I will post soon but so far so good.

Thanks a lot

Ljr
You're welcome Ljr, appreciate the positive response.
  • #12
  • Jun 15, 2008 5:11pm Jun 15, 2008 5:11pm
Quoting billbss
Check the EUR/USD daily. There are many profitable trades.
Correct Billbss, but it's not only the Eur/Usd. Like I said it works on any pair. Obviously some pairs will fare better than others, but that's the nature of FX of course.
  • #13
  • Jun 15, 2008 5:12pm Jun 15, 2008 5:12pm
is it posibel to post the signals to help the now traders
  • #14
  • Jun 15, 2008 5:13pm Jun 15, 2008 5:13pm
Quoting lcfxtrader
Your last trade wouldn't qualify because the AO is green correct?
Actually it would. I've mentioned this in the PDF manual.
  • #15
  • Jun 15, 2008 5:13pm Jun 15, 2008 5:13pm
Quoting yab
is it posibel to post the signals to help the now traders
Actually, since I released this system last week (privately), a lot of people had asked me whether I could supply Daily signals when entry conditions have been met. I'm thinking about it, but if I do it, I have to be consistent and persistent. (And no I'll never charge any money for the signals).
  • #16
  • Jun 15, 2008 5:14pm Jun 15, 2008 5:14pm
Ash it seems that waiting for the close of the candle means often a large portion of the move is missed. Have you found this is best to be sure of the trend? Should one look at the next candle to decide if you should enter the trade or do you simply take the trade based on the closed candle.
  • #17
  • Jun 15, 2008 5:14pm Jun 15, 2008 5:14pm
To be above or below 50, do both the stochastic %K and %D have to qualify, or either ?
  • #18
  • Jun 15, 2008 5:23pm Jun 15, 2008 5:23pm
Quoting yab
is the AO & AC have to be below or above the 0 line or U wory just un the coler
Doesn't matter if they're above or below, just focus on the colour.
  • #19
  • Jun 15, 2008 5:25pm Jun 15, 2008 5:25pm
Quoting ljr
Ash it seems that waiting for the close of the candle means often a large portion of the move is missed. Have you found this is best to be sure of the trend? Should one look at the next candle to decide if you should enter the trade or do you simply take the trade based on the closed candle.
I have found that taking trades on the close of the candle is the best way forward, since:

a) It allows for manual backtesting.
b) It allows traders who have time constraints to use this system.
c) Most importantly, it is a profitable system.
  • #20
  • Jun 15, 2008 5:27pm Jun 15, 2008 5:27pm
Quoting billbss
To be above or below 50, do both the stochastic %K and %D have to qualify, or either ?
Both have to qualify. However, if either (or even both) have exceeded the 50 limit, then the system still accomodates for that occurrence as well.
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