ASCTREND SYSTEM summary (2 good EAs included)
Asctrend EA (backtesting example):
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2013.03.13 12:07
This is results for backtesting for EURUSD M15 timeframe, for one year. This is the settings with 2 indicators as the filters: NRTR Color Line and TrendStrength.
Set file and backtesting results are attached.
Sergey Golubev, 2013.03.01 12:11
It is the filter. To filter false signals. Look at this post How to Start with Metatrader 5 for the idea and link to indicator to download (for MT4 sorry). I was using this indicator with live trading for the long time but it was many years ago so I just want to remind it to myself (and to convert it to MT5 for example).
NRTR is Nick Rypock Trailing Reverse and this idea was created in 2001:
NRTR indicator is standard filter for asctrend system (to filter false asctrend signals/dots).
Your Articles about Creating trailing stop helped me so much!
Good article was published -
The NRTR indicator and trading modules based on NRTR for the MQL5 Wizard
In this article we consider an indicator that builds a dynamic price channel. A trading Expert Advisor is created based on this channel. Such systems can perform well in trend periods, but give a lot of false signals in flat movements. Therefore additional trend indicators are required. Choosing an appropriate indicator is not an easy task, and the choice often depends on specific market conditions. Therefore, a good solution is to provide for a possibility to quickly connect any selected indicator to a ready trading system.
That's why we will use the following approach. We will create a special module of trading signals for the MQL5 Wizard. Later on we will be able to create a similar module based on any selected trend indicator to produce Yes/No signals indicating the presence or absence of a trend. A combination of multiple modules can be used when creating a trading system, so we can easily combine various indicators.