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I'm proud to present my latest system, AshFX: Version II.
This system is simple, easy, & profitable.
AshFX V2 uses the following indicators:
- Parabolic SAR (0.05, 0.2)
- AC (Accelerator Oscillator)
- AO (Awesome Oscillator)
- Stochastics (5,3,3)
The system can be used on any currency pair, and is suited for the Daily timeframe (D1), although it can also be used on H4.
Unzip the attached zip file, you'll find two files, 1) the actual system, and 2) the MT4 Template. Take the attached template and apply it in Metatrader.
See below for an example of what you should be seeing:
Look forward to questions/analysis/discussion/testing.
Sell: When the first PSAR dot appears above the candle, AND stochastic is crossing down but is not oversold (i.e. not below the 20 line), AND the AC is red, AND the AO is red, AND candle is red (bearish candle). Only enter once the candle has fully closed.
Buy: When the first PSAR dot appears below the candle, AND stochastic is crossing up but is not overbought (i.e. not above the 80 line), AND the AC is green, AND the AO is green, AND candle is green
(bullish candle). Only enter once the candle has fully closed.
EXIT
Initial Stop Loss is at the swing high for short trades, and swing low for long trades.
If the day, or any consequent day, has closed in your direction (i.e. you’re in profit at the end of any givenday), then close half your position & move SL to break even.
Close the other half once either the AO or PSAR turns the opposite colour/direction. Only exit at the candle close.
Final Points
Please bear in mind, it doesn’t matter in which order the indicators line up, just as long as the rulesmentioned above are adhered to. Also, (and this goes without saying), it’s important to pay attention to keySupport & Resistance levels, in addition to price action.
thank you Ash
i put entry rules closer (4 myself) 'cause i'm too tired and lasy to dowload an unzip pdf every day (all the time i want to chack the rules)
thank you Ash
i put entry rules closer (4 myself) 'cause i'm too tired and lasy to dowload an unzip pdf every day (all the time i want to chack the rules)
It is clear that this is a very good stragety, but it could become great with some additional logic added to what you already have and some effective filters...