It opens a buy on eur/gbp but the indicator is showing a sell.
Maybe the expert with the indicator in it has different indicator parameters than the actual indicator?
It is the same: default settings of indicator are the sam with default settings of indicator coded inside EA. I backtested in visual mode and it is the same trades with indicator's signal. I think it may be because of ExitMode. If ExitMode=1 so Ea will close old order and open new one on new indicator's signal.
I checked and it is the same with indicator. I am not sure about ReEntryMode (this EA is using standard WPR indicator with Lenght parameter for re-entry) but for D1 EURGBP it may work with the settings:
MaxOrders=10; TakeProfit=200; StopLoss=100; TrailingStop=30; ExitMode=1; ReEntryMode=0; Lenght=50; MM=true.
But just 2 orders since 1st of January 2007. Both in good profit but 2 orders is not much ....
It should be a system, not one indicator.
I still can not select any setting for ReEntryMode. This EA is using the same Lenght parameter for WPR indicator and for PriceChannel_Signal_v1. So, if I selected Lenght=50, so it is 50 for WPR (re-entrance) and 50 for PriceChannel_Signal_v1. May be we should have different settings for those two indicators inside EA?
because if we find good settings for re-entry so we may use this EA for D1 timeframe with many trades.
Yes it did close the buy for a loss and open a sell.
But it opened str8 away when I put it on the chart from old signal.
It needs to wait until next signal not open on existing which it did.
Pls Help me
Im new to forex trading and i've been reading this forum thread and am really impressed by the ASCTrend system.
I'm really really sorry but could i request someone post the newest/best indicator for the ASCTrend system sorted out based on different timeframes (If Possible).And a little bit of description of how the posted indicators work.
I'm sorry but im getting a little confused since there are too many different types/versions of indicators being posted.Sorry again.
Thanks in advance for the help.
I promised to sort everything in this thread but it is hard to do now as the thread is big and many systems developed.
The systems should be selected according to timeframe: system/indicators for M1 timeframe, system/indicators for M30 timeframe and so on.
So, just select your desirabe timeframe of the chart first (which you prefer to use for your manual trading), and then go to find asctrend system for this timeframe.
And history of the development (what was before our forum was started for example) is written from the beginning of the thread.
I will sort everything but i will need whole day for that.
Kindly help me to get MTF Movingaverages with HIGH/LOW option and oblige.
It was already. Look at this page https://www.mql5.com/en/forum/173574 : indicator on the first post of mult_timeframe thread, and i replied about how to change the settings for high/low and posted the chart as an example. Look at here https://www.mql5.com/en/forum/173574 And the other person replied as well there.
Thanks newdigital for your reply
I was hoping for you to suggest me a timeframe that would be suitable for beginner traders like me to fully utilize and profit from this system
And about sorting out the indicators according to timeframe, i know it is gonna be a tideous job since there are already 73 pages so far.So plz do take your time and and i wish u all the best .
I also hope you could help include the MOST SUITABLE/BEST DEVELOPED ASCTrend indicator according to its respective timeframes since there are many many different indicators posted by many members for a certain timeframe.
Thanks in advance again.I hope im not burdening you in any way.Cheers
My first timeframe in my life was H4 for USDCHF
If you are new one so don't use M1 and M5 as it is most difficult.
Thanks newdigital . I guess ill be using the 4 hour timeframe then .
Also looking forward to the ASCTrend indicator compilation . I guess ill be very interested in a very suitable indicator for the 4 hour timeframe.
Thanks again in advance for all your help.Really do apreciate it
If you are new to Metatrader or forex trading so I may suggest for you to use this system https://www.mql5.com/en/forum/173261
It is very good starting system because it is H4 timeframe, I used it for USDCHF for the long time and sometimes i am using this system to recover my deposit after some losses. You may start to trade inside the channel and then, when you will become more experienced, so you may trade on the breakout. Anyway using this system you will understand how to trade support/resistance levels and so on.
After Channel Trading system you will want to find this thread https://www.mql5.com/en/forum/177227 , and this one https://www.mql5.com/en/forum/175824 , and this one https://www.mql5.com/en/forum/173201 and many others.
Because when I will sort everything out on this thread ... i will try on Sunday but i am alone so i have a lot of everything to do here. Besides ASCTrend systems are signal systems. And it is very difficult to use any signal trading system without understading of the price movement.
Just imagine that somebody is asking some questions from you: why price is moving in that way?; when to place buy or sell?, tomorrow?, the day afer tomorrow and why?; what is the levels for buy/sell tomorrow and next week?; why you are not trading today?; how do you know in the early morning that you will not trade today the whole day?; what will be with the price in the near future and why ...
If you will relpy to this questions by simple charts posting with short explanation - so you may use any signal system.