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 Images

eur_usd_ashfx_daily_example.gif (24.5 KB, 814 views)

Attached Files

	AshFX_Daily.tpl (1.5 KB, 108 views)
	AshFX_Daily.pdf (49.0 KB, 147 views)

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Ash's Signals

USD/CAD: one would have fetched a decent number of pips, 318 pips to be precise.

Attached Images

usd_cad_ash.gif (29.0 KB, 733 views)

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Ash's Signals

Hi Forexmoments,

Thanks for sharing your great strategyn juste one question

For the trade of the 05/27/2008 where have you set your stoploss ? Not the lower of the candle because at the 05/29/2008 SL will be taken no ?

Have you enter new trade at 06/17/2008 because we have a great setup according to your strategy no ?

Thanks

Hi, and thanks for your question.

If you look in the manual, you'll see this is a Second Strength Trade, because the Stochs has crossed the 50 line, which is why the initial SL would be placed at the swing low, which is 0.9818, making the SL = 119 pips to be precise.

So, like I mentioned in the PDF, we always enter two positions of equal size lots. We enter at the start of the next day at 0.9936. The first TP would be equal to the previous candle's close minus it's low, which is 0.9937 - 0.9867 = 70. I.e. our first TP on our first position would be 70 pips. As soon as this is hit, we move our SL on our second position to break even, i.e. new SL is @ 0.9936.

We let the remaning second position ride until the AO closes as a red colour, which happened tonight, thus price closing @ 1.0184. Which meant our second position made us 248 pips.

So in total, for that USD/CAD trade you're looking at 248 + 70 = 318 pips. Hope this makes sense.

Ash

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Ash's Signals

Ok I see now great explanations thanks.
Even if just after we close the second remaining trade according to the AO which became Red, we do not enter again a trade at 17.08.2008.

Because, if we were not in a trade at that date (perhaps we were sleeping just before ), all rules were right to enter a SELL trade at 17.08.2008 at the close of the candle, that's right ?

Finally can you tell us which currency are you trading success with your strategy ?

Hope you understand my question lol.
Thanks
Greg

According to the pdf file, we would only be taking positions the following day if the conditions are met?

That is correct. I actually sold at that point and made over 60 pips.

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Ash's Signals

Thanks forexmoments,

perhaps a great trade on the USDJPY today see next week.

This is what everyone should be seeing for USD/JPY:

Attached Images

usd_jpy_20th_june_ash.gif (28.5 KB, 444 views)

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Ash's Signals

I'm 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...

Attached Images

eur_jpy_long_ash_23.gif (26.6 KB, 402 views)

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Ash's Signals