Just to remind the post made by angevoyageur with good EA created/uploaded. To download EA - go to this link: Signal Systems
Here the first version of EA for trading this strategy. This is brand new EA because I want to learn and experiment with MQL5 (I come from MQL4), and is my first EA with this language.
This EA use Asctrend indicator as main signal and Nrtr indicator as filter.
Download it, copy it, compile it, attach it and test it :-)
This is the other optimizatrion results for GBPUSD M15 (attached):
Just want to remind about this simple rules for Asctrend system
And this is practical illustration of asctrend concept:
And I have some idea for improvement of this asctrend system. We know that I uploaded good indicator to this comment (TrendSTrength_v2 indicator). As I know - this indicator will be in mql5 CodeBase soon.
So, that is idea to use this indicator for our asctrend system. But I think - this indicator may be suitable for more higher timeframe than M1 and M5 for example. Why? We can see from those images:
Chart AUDNZD, M15 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11
Chart AUDNZD, M30 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11
Chart AUDNZD, H4 — MetaQuotes Software Corp., MetaTrader 5, Demo, 2013.03.11
This indicator can filter a lot of false signals but I think - it will work for timeframes starting with M15 sorry.
Verion 1.02 with TrendStrength filter added.
You can filter by NTRT AND/OR TrendStrength.
Good fun ;-)
Thanks a lot (it is very fast).
I hope - this version will be more stable concerning Sharpe etc. I will optimize this EA for good settings tomorrow after checking market condition in the morning.
Once the structure is established, it is not difficult to add filter.
I am eager to see the results of your optimization ;-)
I got some error during optimization:
2013.03.12 12:52:34 MQL5 Cloud Europe 2 pass 602 tested with error "critical runtime error 517 in OnInit function (module Experts\ASCTrendND.ex5 exception 001d04x)" in 15 ms (PR 76)