Traders search for good MT4 indicators in order to help them identify potential trading opportunities more quickly and accurately. Such indicators provide a visual representation of the underlying market conditions like momentum, trend direction, volatility, etc., which can give traders an edge when deciding whether to enter or exit a trade. In this post, let me discuss a popular MT4 indicator – ASCTrend, and also I will provide the download link for the same.
What is ASCTrend MT4 Indicator?
ASCTrend is a trend indicator. It is available on both MetaTrader 4 and MetaTrader 5 platforms. In this post, I will shortly discuss the ASCTrend MT4 indicator and I will also provide you with the ASCTrend indicator download link for MetaTrader 4.
How to Trade with the ASCTrend Indicator in MT4?
Let us now check the long and short entry rules with this indicator.
Keep a stop loss for 30 pips.
Long Entry Criteria
- 5-period Exponential Moving Average crosses above the 10 periods EMA.
- The relative strength index is above 50.
- ASCTREND gives up an arrow signal.
- The Stochastics indicator is moving up.
- CCI indicator is also pointing up and reaches above 50%.
Short Entry Criteria
- 5-period EMA crosses below the 10 periods EMA.
- b. The relative strength index is below 50.
- ASCTREND gives a down arrow signal.
- Stochastics Oscillator is moving down.
- CCI indicator is also pointing down and reaches below 50%.
The Stop Loss Rule
Keep a stop loss for 30 pips.
The Exit Criteria
Exit when 5 periods EMA crosses 10 periods EMA in just the opposite direction to your trade, or else exit the trade when the price bounces back from the Bollinger Bands, or exit when Stochastics lines converge towards each other.
Important Trading Rules
Never trade this ASCTrend MT4 indicator without a stop-loss. Never set a target or take profit level. Always close your trade when the closing criteria are met. ASCTrend being a trend indicator thus will let you ride the whole trend and will book big profits in trending phases.
The Download Link for the ASCTrend Indicator for MT4
Download the ASCTrend indicator for MT4 from this link.
The Download Pack Contains the Following
- 15 MT4 indicators.
- 1 MT4 template.
- Also, 1 text file containing the trading rules.
Conclusion
The ASCTrend MT4 Indicator is a powerful tool to help traders make more informed decisions in their markets. The ease of installation and the user-friendly programming brings the great features of this indicator within reach for almost any type of forex trader. With its predictive trading abilities, it can be used as both a long and short-term indicator when building strategies. Whether you’re looking for specific clues or broader market insight, the ASC Trend MT4 Indicator will provide plenty of accuracy to investors who choose to use it.
