Vincit qui se vincit.
ASCTrend for Omega Prosuite 3.51 3 replies
Double CCI and ASCTrend Signal 63 replies
Would you trade this system? New system #2. 10 replies
ASCTrend indicator 0 replies
DislikedNo. Look at the candles again. Do you see the aqua line going through the middle of the green candle, and the magenta line going through the red candle? Those candles indicate valid trends in that direction, signaling that you should be in that trade already.
Do you see the magenta line going through the green candle, and the aqua line going through the red candle? That's an indication that the trend has possibly stopped or pulled back, and that you should get out of that trade immediately. Watch for a possible continuation after the pullback, then re-enter the trade if you want at 5% risk, according to my rules.
Do you see the red and green candles with no aqua or magenta lines? Those candles indicate a POSSIBLE formation of a trend and telling you to watch for a signal (ASCTrendSig or Up or Down Arrow) to enter a trade.
Look at the candles right above or below those ASCTrendSIG (Up or Down Arrows) signals. Those are candles lighted up by ASCTrend. Now look at the other candles compared to these candles. See the difference now? The candles lighted up by ASCTrend are the ONLY candles you should trade. Leave those other candles alone because they don't indicate a valid trend, BUT a possible formation of a new trend.
Those other indicators you see that are dots are just indicators of how strong that trend is, telling you whether to stay in that trade or get ready to get out.
Now remember, if you see the ASCTrendSig and the CCI and RSI are pointing in that direction, but the Stochastic Oscillator is pointing in the opposite direction, WATCH OUT. DO NOT enter a trade just yet. This could possibly be a FAKE SIGNAL and you don't want to be caught in that trade, possibly leading you right to your Stop-Loss.
If you follow all my rules to the letter, you should be able to win at least 95% of your trades. This system is all manual trading, no automation, and not for the lazy person.Ignored
DislikedIf you follow all my rules to the letter, you should be able to win at least 95% of your trades. This system is all manual trading, no automation, and not for the lazy person.Ignored
DislikedI would be very careful with this kind of statement, so you traded this system 1 year as you said, and almost all of them were winners?
btw i read that ablesys switched from asctrend to abletrend ..Ignored
DislikedHi Redrobin,
What is the purpose of the 3 light brown channel lines and how do you apply them in this system?
Thanks.Ignored
DislikedHi Redrobin,
The aqua lines you mentioned is the Bollinger Band I guessed but I could not see any magenta lines other than the blue and yellow which are the moving averages.
Also how do you apply the Parabolic SAR and all those horizontal dots in this system?
Thanks.Ignored
DislikedThose lines show the main trend which give you some idea how long the immediate trend will last. If the lines are going down, then a short trade would probably last longer than a long trade. If the main trend lines are going upward, then a long trade would probably last longer than a short trade.
As far as the dots are conserned, I'm not sure how they work, they probably work about the same as the Parabolic SAR. If you need to know about Parabolic SAR (Stop And Reversal) please read about it at Babypips School.Ignored
DislikedI would be very careful with this kind of statement, so you traded this system 1 year as you said, and almost all of them were winners?
btw i read that ablesys switched from asctrend to abletrend ..Ignored
DislikedI'm talking about the AQUA and MAGENTA lines INSIDE the candles. Look at the candles directly above or below the ASCTrendSig (Up or Down Arrow) signals. Those are the candles that are lighted up by ASCTrend indicating a VALID TREND to TRADE. By the way, you ARE looking at CANDLES, RIGHT??Ignored
DislikedOkay thanks, finally I saw it! It is the colour of wick that pass vertically through the candle. Previuosly I was just briefly glancing at the colour of the candles and didn't expect anything to be inside there.Ignored
DislikedHey Red, thanks for sharing, system looks great but lots of little details to look at. Looking back at lots of charts, it seems that the MA's are just crossing when there is an arrow. Lots to times they cross on the next candle. Many times it is the same for the other indicators. Must all the indicators be on the same candle when you take the trade, or can you wait for the indicators after the arrow?Ignored