ASCTrend system - page 77

Sergey Golubev
Moderator
111236
Sergey Golubev  
etrade:
1. OK, So it will treat the signal when the bar with ASCTrend signal is closed.

2. It is very useful to add more indicators, however, as I said before I will never trust in fully automated EA. However, I believe that this is a good EA as can resolve the constant problem of SL of EAs.

But I have an idea in my mind. As you quoted in

https://www.mql5.com/en/forum/173249

ASCTrend is a great indicator but the problem is that some of the signals are not valid. In fact, this indicator is very helpful if one avoid such invalid signals. I think it is difficult to define it in an EA (the best case will be the ASCTrend System discussed in this thread). I think one need to inspect the market with different indicators to ignore such invalid signals.

As you know EAs on MT4 works on two systems: fully automatic trades, and with manual approve. Is it possible to design something in between. I mean a fully automatic trades but with few minutes delay (asking for approve).

In this case, the trader has chance to judge about invalid signals, and upon detection he/she can ignore that signal.

AscTrend set up from this post https://www.mql5.com/en/forum/173249 is working mainly on D1, and W1 timeframes so 1 minutes or half an hour delay is not a problem. We may use simple 'manual confirmation' designed in Metatrader to open any order in manual confirmation and use it as alarm, or email ... because no one will wait for 3 or 4 days without sleeping just to open one order with confirmation.

You are right: too many false signals sometimes and that is why one asctrend indicator is not enough. It is necessary to add some more indicators to the system if we want to get something profitable.

But we need to check this closing/openning on demo account first.

etrader58
337
etrader58  
newdigital:
AscTrend set up from this post https://www.mql5.com/en/forum/173249 is working mainly on D1, and W1 timeframes so 1 minutes or half an hour delay is not a problem. We may use simple 'manual confirmation' designed in Metatrader to open any order in manual confirmation and use it as alarm, or email ... because no one will wait for 3 or 4 days without sleeping just to open one order with confirmation.

You are right: too many false signals sometimes and that is why one asctrend indicator is not enough. It is necessary to add some more indicators to the system if we want to get something profitable.

But we need to check this closing/openning on demo account first.

I think there is a bug in the EA

The only variable of ASCTrend is the Risk parameter

Although one can change it in the EA, but in action no difference in the EA behavior

etrader58
337
etrader58  

On the other hand, I found that you have used two indicators in this EA: ASCTrend and ASCTrend1

Although ASCTrend1 is an essential indicator for ASCTrend, however, to avoid confusion, and finding the best conditions for ASCTrend EA, could you please modify the EA to work based on ASCTrend indicator only...

Sergey Golubev
Moderator
111236
Sergey Golubev  
etrade:
On the other hand, I found that you have used two indicators in this EA: ASCTrend and ASCTrend1 Although ASCTrend1 is an essential indicator for ASCTrend, however, to avoid confusion, and finding the best conditions for ASCTrend EA, could you please modify the EA to work based on ASCTrend indicator only...

Should be one.

etrader58
337
etrader58  
etrade:
I think there is a bug in the EA

The only variable of ASCTrend is the Risk parameter

Although one can change it in the EA, but in action no difference in the EA behavior

I also tested the other ASCTrend EA, but there was the same problem

I even edited the files of EA and indicator by putting a different RISK value, and then compile them from the beginning, but still the EA works for the default RISK 3.

What can be the reason of this problem ?

etrader58
337
etrader58  

Sorry, I made a mistake

The EA uploaded in post https://www.mql5.com/en/forum/173249/page6 works fine with various RISK values

But I still have the problem to adapt the new EA developed by newdigital

Sergey Golubev
Moderator
111236
Sergey Golubev  
etrade:
Sorry, I made a mistake

The EA uploaded in post https://www.mql5.com/en/forum/173249/page6 works fine with various RISK values

But I still have the problem to adapt the new EA developed by newdigital

I could not fix this Risk issue. I asked Igorad as this asctrend code is from him originally so he knows better (see comments inside the code in MetaEditor).

As to this EA on this post https://www.mql5.com/en/forum/173249/page6 so it is using asctrend indicator as icustom from outside (means that you must have indicator in /indicators folder).

My EA is not using any indicator from outside and that is why I could not fix it.

Hope it will be fixed soon.

etrader58
337
etrader58  
newdigital:
I could not fix this Risk issue. I asked Igorad as this asctrend code is from him originally so he knows better (see comments inside the code in MetaEditor).

As to this EA on this post https://www.mql5.com/en/forum/173249/page6 so it is using asctrend indicator as icustom from outside (means that you must have indicator in /indicators folder).

My EA is not using any indicator from outside and that is why I could not fix it.

Hope it will be fixed soon.

I understand your situation, but I cannot understand from where this default value of RISK 3 comes, as I edited even in the EA script before compiling

Sergey Golubev
Moderator
111236
Sergey Golubev  
etrade:
I understand your situation, but I cannot understand from where this default value of RISK 3 comes, as I edited even in the EA script before compiling

I updated new 1.1 version of AsctrendBuySellExpert EA on this post https://www.mql5.com/en/forum/173249/page51

Igorad fixed the Risk.

etrader58
337
etrader58  
newdigital:
I updated new 1.1 version of AsctrendBuySellExpert EA on this post https://www.mql5.com/en/forum/173249/page51 Igorad fixed the Risk.

newdigital,

Many thanks for this improvement. I will put it in action. I took a look at the script and found that the trading system is like the ASCTrend EA uploaded in post https://www.mql5.com/en/forum/173249/page6

As I discussed in https://www.mql5.com/en/forum/177886

there is a big problem with this trading system, as it will always open a new trade if there is no opened trade. Thus, if a trade closed manually or by TP or SL, EA will open another trade while the signal is in the same direction.

In other words, this EA works on only one condition open/close by ASCTrend