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Author Topic: Andrewfx  (Read 22010 times)

Offline ninjatrad3r

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Re: Andrewfx
« Reply #15 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.

Offline aicohn

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Re: Andrewfx
« Reply #16 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.

Offline dutchie

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Re: Andrewfx
« Reply #17 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.
There's a saying, success is doing what everyone else isn't doing, and not doing what everyone else is doing.

Offline corre971

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Re: Andrewfx
« Reply #18 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?

Offline dutchie

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Re: Andrewfx
« Reply #19 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.
There's a saying, success is doing what everyone else isn't doing, and not doing what everyone else is doing.

Offline dutchie

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Re: Andrewfx
« Reply #20 on: September 30, 2014, 10:04:40 PM »
When I'm up and running I will open an MyFXbook for the trades
There's a saying, success is doing what everyone else isn't doing, and not doing what everyone else is doing.

Offline aicohn

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Re: Andrewfx
« Reply #21 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.
« Last Edit: September 30, 2014, 11:57:49 PM by aicohn »

Offline dutchie

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Re: Andrewfx
« Reply #22 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
There's a saying, success is doing what everyone else isn't doing, and not doing what everyone else is doing.

Offline boy2boy

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Re: Andrewfx
« Reply #23 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.

Offline corre971

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Re: Andrewfx
« Reply #24 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/
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?

Offline Bonanza

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Re: Andrewfx
« Reply #25 on: October 28, 2014, 03:01:28 PM »
Any news on this good or bad?

Offline marcus

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Re: Andrewfx
« Reply #26 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!

 

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