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ASCTrend system

  • Post #1
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  • First Post: Edited at 8:41pm Jul 20, 2008 5:23pm | Edited at 8:41pm
I would just like to show you a good way to make money using the ASCTrend system for MetaTrader4 which I have obtained for free. I don't expect anything in return, except to see all traders succeed. This zip file includes the template, indicators and a set of rules, which are very strict.

Be sure to put the indicators in "...metatrader4\experts\indicators\" folder
and put the template in "...metatrader4\templates\" folder.

I have tested this system for almost a year and made a lot of profit from it. As I said, it is free of charge, so it costs you nothing to check it out. Happy trading!

Here is the file:

Attached File
File Type: zip ASCTrend.zip   14 KB | 4,637 downloads
  • Post #2
  • Quote
  • Edited at 8:43pm Jul 20, 2008 6:05pm | Edited at 8:43pm
Here is an example of what my chart looks like. Please feel free to edit your own chart. Remember, your trading style is your trading style.
Attached Image (click to enlarge)
Click to Enlarge Name: ASCTrend_Chart.jpg Size: 237 KB
Quoting redrobin06
I would just like to show you a good way to make money using the ASCTrend system for MetaTrader4 which I have obtained for free. I don't expect anything in return, except to see all traders succeed. This zip file includes the template, indicators and a set of rules, which are very strict.

Be sure to put the indicators in "...metatrader4\experts\indicators\" folder
and put the template in "...metatrader4\templates\" folder.

I have tested this system for almost a year and made a lot of profit from it. As I said, it is free of charge, so it costs you nothing to check it out. Happy trading!

Here is the link:

http://www.geocities.com/redrobin06/ASCTrend.zip
The link doesn't work.
Thanks
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thanx for sharing with us what currencies do u trade, and what TP and SL do you use?
Quoting tonny47
thanx for sharing with us what currencies do u trade, and what TP and SL do you use?
If you read the rules you will get your answer.

SL = 30 pips.

TP = no take profits
ASCTREND down/up-arrow signal appear when ema 5 and ema 10 cross, isnt that correct?
ok, so when do u normally exit the position? on the opposite signal? do u use fixed SL of 30 pips on all currencies?
Quoting tonny47
ASCTREND down/up-arrow signal appear when ema 5 and ema 10 cross, isnt that correct?
Yes, most of the questions are answered in the rules, which is included in the zip file.
01. Stop-loss = 30 pips.
02. Enter long if:
a. 5-EMA crosses above the 10-EMA.
b. RSI is above 50.
c. ASCTREND up-arrow signal and candle lighted up by ASCTREND.
d. Stochastics lines going up.
e. CCI line is pointing up and above 50%.
03. Enter short if:
a. 5-EMA crosses below the 10-EMA.
b. RSI is below 50.
c. ASCTREND down-arrow signal and candle lighted up by ASCTREND.
d. Stochastics lines going down.
e. CCI line is pointing down and below 50%.
04. Exit when 5-EMA crosses 10-EMA in the opposite direction of your trade, or when price bounces from the Bollinger Band, or when Stochastics lines converge.
05. Never enter a new trade without a signal, unless the candle is lit up with ASCTREND
06. If you wait for a signal, it’s okay to use 20% risk.
07. If you trade without a signal, make sure the candle is lit up with ASCTREND, and use only 5% risk.
08. Never trade without a stop-loss.
09. Trade only one-hour charts or higher.
10. No limit orders.
11. No trade calls from anyone, unless the trade call matches all the signals of ASCTREND.
12. Make sure your EMAs are applied to the CLOSE.
13. Never leave a trade unattended. Close the trade before you leave, unless your broker’s software has trailing stops, then set trailing stop 20 pips.
14. Set stochastic oscillator to 5, 3, 3, give it 3 levels – 80, 50, 20.
15. Set RSI to 14, give it 3 levels – 70, 50, 30.
16. Give CCI 3 levels - 100, 0, -100
17. Check Oanda News Orders Board on a regular basis.
18. Never set TAKE-PROFIT. Always close the trade when it's ready to close.
19. Incorporate both types of analyses - Fundamental and Technical.
20. Close the trade immediately if you see a signal for the opposite direction then trade in that direction.
21. Eliminate all EMOTION, GREED, HOPE and ASSUMPTION. The market will not make a special move for you.
22. Never trade against the trend. The trend is always your friend.
23. Never allow anyone access to your Forex account and change your password at least once a month. Do your own trades.
24. When you see an imminent signal coming and you want to take the call, have your order ready and keep your eyes on the chart so you can enter your order the second the signal appears.
25. No Expert Advisors. Do all your own trades manually. Expert Advisors sometimes trade on fake signals.
26. Never chase the price. Always allow the price to come back to you.
27. Never move a stop loss up or down while the trade is still negative. However, you may move the stop-loss to BE when your trade is at least +30.
The link is not working. Could you please post all the material here at FF ?
Quoting leo9
The link is not working. Could you please post all the material here at FF ?
I don't know how
You can use attachment sign to attach documents ( it is next to smiley face sign which you see when you are posting a new post) click on that and you should be able to attach the documents. Bliss knows very well how to attach documents. But you can try what I just explained
Okay thanks so much for your help, hopefully that solves the problem. Feel free to check out my system. Thanks.
If you're looking for the CCI to be above or below 50, why is it marked off at 100 and -100 and not 50 and -50?
Thanks
Quoting billbss
If you're looking for the CCI to be above or below 50, why is it marked off at 100 and -100 and not 50 and -50?
Thanks
If you read my rule carefully, it does not say 50, it says 50%, which is 0.
hi
thanks for sharing .
could you explain what for the psr and bb . since it is not included in the buy and sell rules ?
could you please from your experience the win / loss ratio for this system ?
regards
ok i can see in your documents why you are using bb .
still 2 points what for is the NRTR ( u didnt talk about it in your document )and the psr
regards
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