Ash FX Daily

[forexmoments]

AshFX Daily

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

 

[Trader333]

This is similar to a system used by OzFx so are you both in any way related to each other ?


Paul

 

[forexmoments]

This is similar to a system used by OzFx so are you both in any way related to each other ?


Paul

Dude, if you read the rules in the PDF, you'll see this is completely different from OzFX. Different entries, different exits, different MM. (And no, we're not related.)

 

[puregold24carat]

nice work Ash.....keep it going please.

 

[JTrader]

Hi FM

I've no idea how well your plan can/will work, but thanks for sharing it, in a professional looking presentation.

 

[Stuart14]

Thanks Ash. Appreciated.

 

[forexmoments]

Thanks for the response guys.

I have slightly modified the PDF manual to make the rules clearer.

 

[johnzxr]

Ash,

You say this is for a 1D TF and I agreee, it does backtest pretty well on a 1D TF, but it also works pretty well on a 4H TF as well. Have you every tried experimenting on different TFs?

Also, I notice that on quite a lot of the buy and sell signals that more often than is nice you get stopped out on the next days price, but usually but a really small amount. Have you ever tried adding say 5 - 10 % on the stops to prevent this?

John

 

[forexmoments]

Ash,

You say this is for a 1D TF and I agreee, it does backtest pretty well on a 1D TF, but it also works pretty well on a 4H TF as well. Have you every tried experimenting on different TFs?

Also, I notice that on quite a lot of the buy and sell signals that more often than is nice you get stopped out on the next days price, but usually but a really small amount. Have you ever tried adding say 5 - 10 % on the stops to prevent this?

John

Hi John. I haven't really tested it on different timeframes to be honest. You can try it for yourself and see how it works, and post your findings here.

As for stops, I have tested these extensively, and I prefer to keep them relatively tight, since I'm a huge proponent of decent reward:risk factors.

 

[forexmoments]

318 pips on USD/CAD long. See pic attached.

 

[forexmoments]

Hi FM

I've no idea how well your plan can/will work, but thanks for sharing it, in a professional looking presentation.

Hey JT, appreciate the recommendation from a long term member of this forum.

Nice one.

Ash

 

[forexmoments]

I'm actually still long on Eur/Jpy from the 5th of June. It looks as if the AO will be exhausted today and close as red, at which point I'm exiting.

A cool few hundred pips collected there...

 

[forexmoments]

Ok guys, here is an update on today's trades so far.

GBP/JPY: First position hit TP - closed it for 123 pips profit; moved SL to BE, leaving remaining position open till AO closes as green.

EUR/JPY: First position hit TP - closed it for 97 pips profit; moved SL to BE, leaving remaining position open till AO closes as green.

 

[forexmoments]

For those of you who were short on Eur/Aud from last night, then you might like to close half your positions for a profit now, i.e. before market close, and move stop to break even.

 

[puregold24carat]

Ash,
I like it.Great work and thanks for sharing.Buy you a beer sometime.Cheers.

 

[forexmoments]

Guys, upon market opening, I shall be shorting GBP/USD.

SL is at swing high, i.e. 2.0005

Even though our 1st TP is just 25 pips, our 2nd TP will hopefully give us more pips once AO closes as green in a few days time.

 

[forexmoments]

Ok, obviously we hit our first TP of 25 pips very easily, and stop was moved to BE.

Our second lot stands at around 145 pips.

Now, the question is, do we

a) move SL further down to protect our profits?

b) close our position now?

c) just let the system do it's thing with AO?


I know many of you must be thinking it's a good time to close now, or good time to move stop further down, because I know people use my system for entries, yet prefer their own exits, and that's totally fine, it's your trade, and your right to do what you like.

However, for those of you who wanna follow AshFX Daily to the letter, then officially we wait till the AO closes as green.

Yes, it could be that this retraces back up horriby, and we just close for 25 pips profit, but that's the nature of trading.

 

[baker29]

Hi Ash, thanks for sharing the system with us. I got it loaded into Meta yesteray; on EUR/GBP hourly at (I know you use Daily -just thought I would look at other time frames) it shows a Buy signal at 7am. Have you found any reason not to use hourly?

 

[forexmoments]

Hi Ash, thanks for sharing the system with us. I got it loaded into Meta yesteray; on EUR/GBP hourly at (I know you use Daily -just thought I would look at other time frames) it shows a Buy signal at 7am. Have you found any reason not to use hourly?

Hi Baker. To be honest I haven't tested it on the hourly, so I can't really say what kind of results you might experience.

But by all means, try it, and let us know of your findings.

Thanks!

 

[Stuart14]

Hi Guys.

Looks like USD/JPN has hit a Buy signal for tomorrow morning. Is that right?