Ahmed Maher: The Fox Wave

Hello guys, Past of 7 years I have been developing Trading systems and creating new ways for Forex Trading. Completing one hand :raised_hand: let me introduce my fifth system Fox Wave, available for download with the Golden Time edition for Intraday Trading.
Download it from Here:

Fox Wave by Ahmed Maher


thanks for sharing with us, would like to see more examples

[QUOTE=“AhmedMaher;718696”]Hello guys, Past of 7 years I have been developing Trading systems and creating new ways for Forex Trading. Completing one hand :raised_hand: let me introduce my fifth system Fox Wave, available for download with the Golden Time edition for Intraday Trading. Download it from Here: Fox Wave by Ahmed Maher <img src=“301 Moved Permanently”/>[/QUOTE]

Thank you looks interesting.

The Golden Time just got me confused still but I prefer longer time frames in any case

each has its use, but for Golden Time more entries as Intraday.

This entry was today on EURUSD H1 TF, Target reached with +90 pip.


Thanks for sharing !!

How much backtesting did you do on this ? :slight_smile: and I also would love to see more examples.

great stuff though !

a Lot of Backtesting, may be hundred of times diffrent pairs & diffrent TFs. BacktestingBacktesting is a when you are trare trying to develop something new✌

[QUOTE=“AhmedMaher;718863”] each has its use, but for Golden Time more entries as Intraday.[/QUOTE]

Thanks. Re read and re read and again. Makes sense now. I see now with ur eurusd screenshot what you mean. Will give it a test and see.

Ps for the normal fox wave, is it day or 4h?

120 pips :slight_smile:

EurAud and EurUsd

both will work great for fox wave. cheers :slight_smile:

Two entries Today on GBPJPY & USDCHF




[QUOTE=“Snipes;719053”]120 pips :slight_smile: EurAud and EurUsd[/QUOTE]
Add another 77 for chadchf

Hi a question that i find confusing about this trading system

it mentions that to use the fox trading method the 3rd sub wave needs to have a confirmation pattern but you also mentioned that as long as the volume and the candlestick matches you can trade the wave.

So here is an example. Let’s say everything indicates bullish fox wave so the sub wave for the volume analysis is 2 bullish sub waves. The wave has 5 bullish candles and again according to this system this means it’s a bullish wave as it has more bullish candles than bearish ones BUT the last candle on the 3rd sub wave is a bearish one so this means this wave isn’t a bullish one anymore?

So suffice to say you need 3 factors to determine if it’s a bullish or bearish wave? Leaving out the full volume instances. You need these 3 factors to add up in a wave to determine whether it’s a bullish or a bearish one?

I actually find that it might be quite hard to trade if you need all 3 to factor in especially the last candle as the confirmation one because it’s where you’ll actually enter the trade.

The examples given in the pdf file show something which has already occured. When you actually enter an actual trade you won’t know what type of candles will be there but i guess the system should work. Also the language used searching for confirmation pattern in 3rd sub wave which is the last candle of the wave that is going to be traded means that you would need for it to close before entering so i guess it’s very much a time based trading strategy and not something that you can leave an entry at a certain lvl and just leave it am i right to say this?

Hi, I had read your pdf and it sound really good and simple.
A question for you about the GBPJPY above.
3 bulllish subwave give bearish wave, then we look for bearish confirmation pattern right?
The bearish confirmation pattern is 2 bullish candles with 1 bearish candle isnt?
May i know how your determine in your GBPJPY “Entry here” ?
Is it if we have 3 consecutive subwave, the confirmation will also look for opposite?
Sorry if i misunderstand.

Hello snake24, I may didn’t understand your questions or what you mean well if you provide them with charts I will be very glad to answer them. but let me explain something I think you don’t understand it well, there’s a difference between identifying a valid Fox wave before analyzing it and confirming direction obtained from it.
we first start search of valid fox wave by searching for a confirmation pattern in the third subwave, after we find a valid one we start applying the two types of analyzing on each sub wave starting by Volume Traded analysis on each sub wave ended with candlesticks analysis and to confirm trade both types have to be matched to confirm direction of wave and then have to be confirmed with direction of confirmation pattern. hope you attach some charts so I can answer you well. cheers

These are Golden Time Fox Wave Trades man, where I don’t need for confirmation pattern to be the same with the wave any type of confirmation pattern will be our entry. cheers

Hi,

I understood that the 3 bullish subwave= bearish golden foxwave.
And quote from your file,
“After we determine the type of our Golden wave whether it’s Bullish or
Bearish and this should be after the Close of the ninth candle, we will
wait for any [B]confirmation pattern we used in original Fox wave[/B] to occur
any type of it will be our entry.”

Does it refer that if we identified a bearish golden foxwave, we just wait for any of the confirmation pattern? regardless a bearish or bullish confirmation?

I hope this time i get the correct meaning.

Hi i was just asking if you need to take note of 3 or 2 factors? Ok so it’s these 3 factors. The confirmation in the 3rd sub wave. The volume and the nunmber of bullish and bearish candles. The 1st step would be the search for the valid confirmation in the subwave right? On the 1 hour chart we start looking for waves at the 00 hour right the start of the day. What about on the 4 hr and 1 day charts Where do we start counting the candles from?

Btw I don’t really know how to look for the confirmation pattern.

I know on the volume which is counting the number of sub waves and the number of bullish vs bearish candle sticks but the last part on the confirmation pattern i don’t know how to do it. On the pdf file you provided well say it’s a bullish trade 2 bullish subwaves, + more bullish candles and at the end of the 3rd subwave the 10th candle just happens to be a bullish candle is that the confirmation pattern?

Thanks.

Thanks for sharing, looks good.

Last question for the golden foxwave strategy.
You mentioned count 9 candles since day start.
May i know how about Monday?
Do we start counting the 9 candles when the respective market started?
Or wait for tuesday?