Donna Forex Forum

Systems (EA's and manual), and Managed Accounts => Manual Systems, Trade Journals, Indicators, Manual Trade Help => Topic started by: aicohn on September 26, 2014, 08:47:17 PM

Title: Andrewfx
Post by: aicohn on September 26, 2014, 08:47:17 PM
Extremely good first outing with the system this week trading USDJPY, USDCHF, NZDUSD, USDSGD, and XAUUSD.  Almost made up the damage inflicted on my account in a single day with a less than stellar fxquickroute strategy (returned with much kicking, screaming, and gnashing of teeth required).

Noted the system has been around since 2009, sold on ebay of all places, and is a clickbank product meaning it has a 60 day "no questions asked" return policy.  Inasmuch as I made 5X the cost back in a week trading a modest account with a 2% risk, I am obviously, not about to return it.

Searched this site and was amazed there's absolutely no mention.  Anybody else using it?
Title: Re: Andrewfx
Post by: Bigsteve on September 26, 2014, 09:55:52 PM
Hi Aicohn,
How does this system work? Can you describe the rules? Posting a user manual would be even better if you could do that.

Is this the Ebay link?
http://www.ebay.com/itm/241709-Andrew-FX-System-Forex-System-Strategy-Works-Easy-Money-Trading-MT4-/171395427110?pt=LH_DefaultDomain_0&hash=item27e7f6ab26 (http://www.ebay.com/itm/241709-Andrew-FX-System-Forex-System-Strategy-Works-Easy-Money-Trading-MT4-/171395427110?pt=LH_DefaultDomain_0&hash=item27e7f6ab26)
Title: Re: Andrewfx
Post by: aicohn on September 26, 2014, 11:14:33 PM
Posting a manual would be violating copyright.  Even posting the method is pirating somebody's intellectual property.  If that doesn't get you banned from this forum, it should.

In broad brush strokes, you first look at a weekly chart for a strong up/down trend.  Essentially 3 or more consecutive strong up/down weekly closes.  At the start of the week, screening 30+ instruments into a pool of 7 or 8 charts to trade for the week takes perhaps 10 minutes.  Then you look at the daily charts to make sure the last few weeks are showing a strong up/down trend.  He explicitly states criteria for this. 

Entry comes from an H4 chart of the possibles.  A template he provides signals when a move in the direction of the trend is resuming. Essentially, you are buying/selling a pullback on an H4 chart in a strong daily and weekly trend, as it seems to be going back into the trend.  Seems a simple, but brilliant strategy requiring perhaps 10 minutes a day looking at charts and perhaps 10 minutes at start of week to set it up.  He gives a number of methods for SL and TP, but my preference is above/below the swing low/high and with a TP to the next level or 1:1 R/R if it's a "blue sky" or nearly so on the H4.  That's what makes sense from a TA perspective.

Don't know about the ebay link, but here it may be bought as a clickbank product with a link to 100% positive ebay feedback over a period of years.  I was violently recoiling from my recent experience with a product offering a 7 day return with lots of fine print that actually wound up being a 6 day return, and wound up losing me lots of money.  This strategy is simple and makes sense.  I think something like this just might work.

http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)

I just found it weird this has been around for years & has no mention in this forum good, bad or indifferent... For me, it's early days, I didn't always precisely follow the system and still couldn't manage to muck up a positive outcome, which I think is a very good sign.  That's all.
Title: Re: Andrewfx
Post by: energyclub on September 27, 2014, 03:48:15 AM
Thank you for bringing this on this forum Aicohn, I am going to apply this

Cheers  :)
Title: Re: Andrewfx
Post by: dutchie on September 29, 2014, 08:57:34 PM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?
Title: Re: Andrewfx
Post by: energyclub on September 30, 2014, 01:19:47 AM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?

this is the link
http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)
Title: Re: Andrewfx
Post by: aicohn on September 30, 2014, 03:24:59 AM
Ebay likely now a pirated version.  I looked at that one & couldn't verify from the figure whether it was the same.  Also, the refund period on ebay was two weeks rather than two months on clickbank.
Title: Re: Andrewfx
Post by: aicohn on September 30, 2014, 10:29:00 AM
Nice looking trades going this morning in GBP cross-pairs (GBPCHF, EURGBP), though I had to get up early to take advantage.  Nothing cooking in those juicy south sea ones (never retraced enough).

GBPCHF, in particular, looks from the monthly chart like it could carry for 100's of pips, but first need to get to R:R of 1 to take off half and keep the rest as a "runner" (no-risk).  EURGBP doesn't look to have as much potential.

Keeping my fingers crossed.
Title: Re: Andrewfx
Post by: corre971 on September 30, 2014, 11:13:26 AM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?

this is the link
http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)
Now the price on the official website is 97 usd. Can someone share the Clickbank link at 51.87 usd?
Title: Re: Andrewfx
Post by: aicohn on September 30, 2014, 11:29:49 AM
Yes.  The clickbank product at lower price sounds ideal, assuming it's the same product.

But I always look for the clickbank guaranty since I had such a hassle with FxQuickroute.  If it's an extra $30 or $40, so be it.  Never seen such a niggardly refund policy with legalese buried in the site to go along with it.
Title: Re: Andrewfx
Post by: dutchie on September 30, 2014, 03:56:51 PM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?

this is the link
http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)
Now the price on the official website is 97 usd. Can someone share the Clickbank link at 51.87 usd?
You can get it on the official website for $67.
Just 2 x Esc button ans Stay on the page and they will make you an offer for $20 off.
Hmmm $97 minus $20 is $67.
Well thats forex calculations

Login in to my ClickBank account I see the  as the earning for me when somebody buys it through my link.
My mistake made in earlier post.
It will always go to the official website.
I will go for the $67 official website price.
Bought it this morning!
Title: Re: Andrewfx
Post by: corre971 on September 30, 2014, 04:05:38 PM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?

this is the link
http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)
Now the price on the official website is 97 usd. Can someone share the Clickbank link at 51.87 usd?
You can get it on the official website for $67.
Just 2 x Esc button ans Stay on the page and they will make you an offer for $20 off.
Hmmm $97 minus $20 is $67.
Well thats forex calculations

Login in to my ClickBank account I see the  as the earning for me when somebody buys it through my link.
My mistake made in earlier post.
It will always go to the official website.
I will go for the $67 official website price.
Bought it this morning!
Keep us updated and if possible post some screenshots how it looks. These indicators can be used on any accounts and PC, or are linked to 1 account or 1 PC?
Title: Re: Andrewfx
Post by: dutchie on September 30, 2014, 04:21:41 PM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?

this is the link
http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)
Now the price on the official website is 97 usd. Can someone share the Clickbank link at 51.87 usd?
You can get it on the official website for $67.
Just 2 x Esc button ans Stay on the page and they will make you an offer for $20 off.
Hmmm $97 minus $20 is $67.
Well thats forex calculations

Login in to my ClickBank account I see the  as the earning for me when somebody buys it through my link.
My mistake made in earlier post.
It will always go to the official website.
I will go for the $67 official website price.
Bought it this morning!
Keep us updated and if possible post some screenshots how it looks. These indicators can be used on any accounts and PC, or are linked to 1 account or 1 PC?
It comes with a setup exe file which loads it on any MT4 account on your PC.
After running setup the only thing to do is add the .tpl to your chart and voila: done
It looks like this:
Title: Re: Andrewfx
Post by: dutchie on September 30, 2014, 04:23:45 PM
Must read and understand the system before I will start using it on a cent account.
When I'm happy with and can make trades with my eyes closed I will use it on a standard account.
Will inform you about progress.
Title: Re: Andrewfx
Post by: corre971 on September 30, 2014, 04:29:43 PM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?

this is the link
http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)
Now the price on the official website is 97 usd. Can someone share the Clickbank link at 51.87 usd?
You can get it on the official website for $67.
Just 2 x Esc button ans Stay on the page and they will make you an offer for $20 off.
Hmmm $97 minus $20 is $67.
Well thats forex calculations

Login in to my ClickBank account I see the  as the earning for me when somebody buys it through my link.
My mistake made in earlier post.
It will always go to the official website.
I will go for the $67 official website price.
Bought it this morning!
Keep us updated and if possible post some screenshots how it looks. These indicators can be used on any accounts and PC, or are linked to 1 account or 1 PC?
It comes with a setup exe file which loads it on any MT4 account on your PC.
After running setup the only thing to do is add the .tpl to your chart and voila: done
It looks like this:
It is fundamental to be sure that the indicator does not repaint or redraw; only in this way would be possible to make a (very long and boring) manual and visual backtest to see on what pairs or instruments it could be profitable.
U are running now in demo or directly in real with microlots?
Title: Re: Andrewfx
Post by: ninjatrad3r on September 30, 2014, 04:54:30 PM
I believe this was started at II. Then stolen and sold. If you search you'll find it.
Title: Re: Andrewfx
Post by: aicohn on September 30, 2014, 08:10:06 PM
I can tell you the indicator repaints only up until close of the bar.  So you don't do any trades until after bar closes.

After that, NO REPAINTING.
Title: Re: Andrewfx
Post by: dutchie on September 30, 2014, 09:09:06 PM
I will trade on a real cent account ($100 deposit with $10,000 to trade with)

Reading the manual I must say it's a very simple system.
Don't think that repainting is that important.
Most of the work will be done on the week and day charts.
Only when these are in line you can hunt for a trade on the 4H chart.

Manual also says that the system is 70% profitable and you must addept good money management i.e. 1% or 2% risk per trade.
It's certainly not the holy grail and it needs patience to find the right trades.
Title: Re: Andrewfx
Post by: corre971 on September 30, 2014, 09:42:32 PM
I will trade on a real cent account ($100 deposit with $10,000 to trade with)

Reading the manual I must say it's a very simple system.
Don't think that repainting is that important.
Most of the work will be done on the week and day charts.
Only when these are in line you can hunt for a trade on the 4H chart.

Manual also says that the system is 70% profitable and you must addept good money management i.e. 1% or 2% risk per trade.
It's certainly not the holy grail and it needs patience to find the right trades.
The fact that it operates on the 4 H chart let this system to be used also by people with a full time work. As for the weekly and daily charts, you should open 3 charts for each pair (4H, Daily, weekly) or the system detects on the 4H chart the convergence of signals by the daily and weekly charts too?
Title: Re: Andrewfx
Post by: dutchie on September 30, 2014, 10:01:13 PM
I will trade on a real cent account ($100 deposit with $10,000 to trade with)

Reading the manual I must say it's a very simple system.
Don't think that repainting is that important.
Most of the work will be done on the week and day charts.
Only when these are in line you can hunt for a trade on the 4H chart.

Manual also says that the system is 70% profitable and you must addept good money management i.e. 1% or 2% risk per trade.
It's certainly not the holy grail and it needs patience to find the right trades.
The fact that it operates on the 4 H chart let this system to be used also by people with a full time work. As for the weekly and daily charts, you should open 3 charts for each pair (4H, Daily, weekly) or the system detects on the 4H chart the convergence of signals by the daily and weekly charts too?

It works more in logical steps: find a valid pair on the weekly chart (weekly job), find a confirmation on the daily and 4H (daily job) and hunt for a trade when all 3 confirmation are valid. No need to open 3 charts for 1 pair.
Only when you start hunting it's wise to open a 4H chart for that pair.
I have 1 week chart open and load the pairs one by one on it.
And will open an new chart for the pairs that validates for hunting time.
Title: Re: Andrewfx
Post by: dutchie on September 30, 2014, 10:04:40 PM
When I'm up and running I will open an MyFXbook for the trades
Title: Re: Andrewfx
Post by: aicohn on September 30, 2014, 11:49:57 PM
The way I use it.  Sunday Midnight (GMT --- 7PM central time US), I cycle through every instrument available to me in my MT4.  I have my default chart set to the weekly chart with the Andrewfx template.  When I find one that's a "hit" for the system, I set it aside & keep going.  Eventually, i'll have 7-10 "good candidates" of the 30+ in my platform.  Actually, an appreciable number from the prior week still qualify, so I preen my list, getting rid of the dead wood and look for new ones.  Then I take all those charts & reset the timeframe to H4 and wait.  I check the platform 5 X per day (usually don't check at 3AM, but if awake, as this morning, I will).  The system does pop up an alert window giving you signals at conclusion of each H4 bar.  I have yet to see a chart qualified by weekly disqualified by the daily.  But you also have to filter the signals against the two RSI histos in the template & I've seen some disqualifications by that.  I open 2 positions for each trade, each at 1% account risk using a GUI tool I picked up for automatically calculating position sizes.  I set my SL on each position just below the most recent swing high/low on the H4 chart.  I set the take-profit on the first position at 1:1 with the risk.  I go to a monthly chart to find the first obvious resistance beyond that and use that as the TP for the second position.  I use the J16 ea to adjust SL on 2nd position to BE+10 when the first position is taken off ("risk free runner").

Requires considerable patience.  Sometimes, you'll have positions go to substantial profit return to break-even or loss only to rise again.  It's just life dealing with an H4 system, and then even riding the good trades much longer than that.  On the other hand, if you follow many positions, you'll very seldom go into an overall sustained heavy draw-down.  That's my experience.

That's how I do it.  FWIW.
Title: Re: Andrewfx
Post by: dutchie on October 01, 2014, 03:25:25 PM
The way I use it.  Sunday Midnight (GMT --- 7PM central time US), I cycle through every instrument available to me in my MT4.  I have my default chart set to the weekly chart with the Andrewfx template.  When I find one that's a "hit" for the system, I set it aside & keep going.  Eventually, i'll have 7-10 "good candidates" of the 30+ in my platform.  Actually, an appreciable number from the prior week still qualify, so I preen my list, getting rid of the dead wood and look for new ones.  Then I take all those charts & reset the timeframe to H4 and wait.  I check the platform 5 X per day (usually don't check at 3AM, but if awake, as this morning, I will).  The system does pop up an alert window giving you signals at conclusion of each H4 bar.  I have yet to see a chart qualified by weekly disqualified by the daily.  But you also have to filter the signals against the two RSI histos in the template & I've seen some disqualifications by that.  I open 2 positions for each trade, each at 1% account risk using a GUI tool I picked up for automatically calculating position sizes.  I set my SL on each position just below the most recent swing high/low on the H4 chart.  I set the take-profit on the first position at 1:1 with the risk.  I go to a monthly chart to find the first obvious resistance beyond that and use that as the TP for the second position.  I use the J16 ea to adjust SL on 2nd position to BE+10 when the first position is taken off ("risk free runner").

Requires considerable patience.  Sometimes, you'll have positions go to substantial profit return to break-even or loss only to rise again.  It's just life dealing with an H4 system, and then even riding the good trades much longer than that.  On the other hand, if you follow many positions, you'll very seldom go into an overall sustained heavy draw-down.  That's my experience.

That's how I do it.  FWIW.
Thanks!
looks a lot like the things I had in mind.
Simple but effective approach
Title: Re: Andrewfx
Post by: boy2boy on October 18, 2014, 06:08:09 PM
Hi - How about the RR, did it mentioned in the manual? 70% with Risk 1 : Reward 2 will be awesome.
I will trade on a real cent account ($100 deposit with $10,000 to trade with)

Reading the manual I must say it's a very simple system.
Don't think that repainting is that important.
Most of the work will be done on the week and day charts.
Only when these are in line you can hunt for a trade on the 4H chart.

Manual also says that the system is 70% profitable and you must addept good money management i.e. 1% or 2% risk per trade.
It's certainly not the holy grail and it needs patience to find the right trades.
Title: Re: Andrewfx
Post by: corre971 on October 20, 2014, 09:01:40 PM
Lot of prices out there:
Clickbank: $51.87
eBay US $35.90
website AndreFX only $97 (down to $67)
Are we talking about the same product here?

this is the link
http://www.andrewsforexsystem.com/ (http://www.andrewsforexsystem.com/)
Now the price on the official website is 97 usd. Can someone share the Clickbank link at 51.87 usd?
You can get it on the official website for $67.
Just 2 x Esc button ans Stay on the page and they will make you an offer for $20 off.
Hmmm $97 minus $20 is $67.
Well thats forex calculations

Login in to my ClickBank account I see the  as the earning for me when somebody buys it through my link.
My mistake made in earlier post.
It will always go to the official website.
I will go for the $67 official website price.
Bought it this morning!
Keep us updated and if possible post some screenshots how it looks. These indicators can be used on any accounts and PC, or are linked to 1 account or 1 PC?
It comes with a setup exe file which loads it on any MT4 account on your PC.
After running setup the only thing to do is add the .tpl to your chart and voila: done
It looks like this:
The setup file can be loaded also on 2 PC? If someone used both, wich is better, AndrewFX or ProFX by Forex21?
Title: Re: Andrewfx
Post by: Bonanza on October 28, 2014, 03:01:28 PM
Any news on this good or bad?
Title: Re: Andrewfx
Post by: marcus on October 20, 2017, 12:35:09 PM
tried the company and did not rate it at all. If you want to throw good money after bad follow the signals on the site!