"The Pip Nailer". Any time frame, any pair

This week we have tons of signal from H4, but also most many false signal. I have 3 signal, and all 3 is false signal.

Ouch, its pain. All the SL is high and very pain

Anyone trade today signal?

You will LOSE 3, but you win one from GJ is already enough. 500pips.

But too sad, all I didn't catch coz I not in house...

Hi all,

I only just now noticed Ash`s correction on the very first post of this thread: He states, that he doesn`t trade the system anymore (he stopped it almost 6 mth before).

Anybody trading it still successfully?

Thanks

Forex37

Hi all pippers,

I have been looking through this site and other similar sites which also use the same indicators (which look very promising). On viewing other trading systems i believe this thread would benifit a great deal with this indicator i am about to tell you about (due to the lack of time i am unable to provide pics ) it is known as centre of gravity also Arps Hurst Bands also Belkayate Bands. Basically they have a number of outter Bands and a central Middle Line , When prices reach these Outter bands there is meant to be 70% to 90% probability of bouncing back towards the middle line. Hence if we only trade at these pionts eg await for the price to touch them then await your Setup of AO,AC & Parabolic you should be in a more profitable trade.

A discription of the Arps can be found at :

http://www.esignalcentral.com/univer...arps/hurst.asp

Plus try googling !!!

Hope this can help some one out there.

Nightpipper.

Dear all,

almost an year has gone from the latest post, does anyone still using that strategy? Tonight i'd tried to place an order but it reached the s/l .. Is that system still workin'?

Thank in advance..

This is basically the "AshFx" system - you can find a lot about this system in this forum or in the own forum organized by AshFx .... and yes this is a good trading system ! Recently "SteveHopwod" is developing an EA for the AshFx system - you may find all the AshFx stuff in this forum.

Thank you anyway Mandl2007! After a lot of backtest i think i'd understand that I don't trust EA's.. Because I didn't find till today 1 EA profitable.. The most of them are looser.. Or ranging.. And I'd heard from many forums that EA's are strenghly correlated to a specific time period (i mean it works only after some month or weeks after the creation of that).. Then the market condition change and the EA results obsolete..

So i still prefer manual trading..

BTW the system of this thread today is doing well.. about 20 pips at the moment... Even if I entered late...

i put some fractals on with this it helps to know when to exit

hi guys,new to this thread.i find that these indicators repaint,befor the candle closes it has changed colors again so wundering how to interpret this thanks

You will be waiting for all 3 of the indis to change on 1 bar.

When this happens @ the close of the bar if all 3 are still giving the signal, enter the position.

So to simplify.... Wait until the end of the bar, if it's still a signal...GO!

Hope this helps Mikey12

Looks like a simple system.

Can we try this system in smaller time frame like 15M & 5M?

Yes you can, but you need to filter the original nailed candle. 10 -20 pips should not be a problem. I'm testing it at the moment. I've got a demo and live running. Took 1 pip live on EURUSD this morning after going to 12 pips. Trying to solve the exit problem have none at the moment except 10 or 20 pips.

Wow,first time i got reply in Forexfactory.
I am side way testing it.It working best in higher time frame.In case of 1M,we get very low pip.

I am also targeting at least 5 to 7 pip in per nailed candle.Currently i exit with the nailed candle.Dont take much risk.But exit rules can be done with AO & AC,when i both colors are same its good to go.But when anyone of it changes its better to exit.
Not sure about my rules.

I played around with several configurations of this method with an EA, but I couldn't get it to be consistantly profitable.

Maybe you'll have better luck than me doing it manually, but thats not really my thing.

Made a quick 30 pips and moved 2nd order to B/E. I know signals for this system come rare on 1H, so I placed a slightly bigger order. Thanks Ash!

just to check, anyone still using this system?

anyone using this or AshFX?

I don't know, but it was a great strategy. I had some success with it a while back..

I'll probably give it a try again next week.

I know this is an old, deserted thread, but just for the occasional visitor who stumbled onto it I wanna add some comments:

1. the 'Pip Nailer' system has very narrow (some would call it 'precise') entry rules, of which the requirement that the AO/AC have to change from one color to the other on the same candle and at the precise moment the Psar appears above/below that candle also is a bit too strict for my taste. I don't see what could be possibly wrong when, for instance, the AO moved upwards and turned green one candle before the AC does the same (and one candle before the Psar dot appears below that candle) - I even think it's only confirming that price is moving upwards and so it's a good thing, instead of some kind of signal to filter out bad trades...

2. when you add a 5.3.3 stochastic and change the settings for the Psar respectively to 0,03-0,20 and 0,05-0,20, you'll have the follow up systems (of the same maker): the AshFX v1 and AshFX v2, to be applied mainly to the H4 and D1 charts.

3. when used with some discretion, this can be a profitable system - i.e. applying some common, or not so common, trading knowledge, like: 'don't get suckered into a buy when price gets pushed 10-20 pips above support/resistance, which can be found with or without indicators (pivots/round numbers/fibs/price action/etc.)' and wait at least for candles to close (see if they form 'pin bars' and/or if the next candle moves another 10 pips further up - you get the picture...) instead of jumping onto 'moving data', which is the typical beginners mistake (followed by 'moving the stop loss' in the hope that price will turn back your way, but will only get you trapped and in the end - you might get lucky a few times - blow up your account, as all experienced traders know :-)

Hope this helps out some struggling/beginning traders.

Cheers and good luck to you all