Topic: How to build AshFx strategy?
I have tried to build AshFX strategy without success, I'm glad if someone or you Popov can help me to understand if it's possible to do.
This is daily AshFx strategy:
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)
Take the attached template and apply it in Metatrader. The system is suited for the Daily System, but it can also
be used on H4, and on any currency pair.
Now I will outline how the system actually works:
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 butis not
overbought (i.e. not above the 80 line), AND the AC is green,AND theAO is green,ANDcandle is green
(bullish candle).Only enter once the candle has fully closed.
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’rein profit at the end of any given
day), then close half your position & move SL to break even. Close the other half onceeither the AOor
PSAR turns the opposite colour/direction.Only exit at the candle close.
Please bear in mind, it doesn’t matter in which order the indicators line up, just as long as the rules
mentioned above are adhered to.