ASCTrend is a trend indicator. It is available in both MetaTrader 4 and MetaTrader 5 platforms. In this post I will shortly discuss about ASCTrend MT4 indicator and I will also provide you with the ASCTrend indicator download link for MetaTrader 4.
Keep a stop loss for 30 pips.
Long entry criteria:
a. 5 period EMA crosses above the 10 periods EMA.
b. Relative strength index is above 50.
c. ASCTREND gives up arrow signal.
d. Stochastics indicator is moving up.
e. CCI indicator is also pointing up and reaches above 50%.
Short entry criteria:
a. 5 period EMA crosses below the 10 periods EMA.
b. Relative strength index is below 50.
c. ASCTREND gives down arrow signal.
d. Stochastics indicator is moving down.
e. CCI indicator is also pointing down and reaches below 50%.
Exit when 5 periods EMA crosses 10 periods EMA in just the opposite direction to your trade, or exit trade when price bounces back from the Bollinger Band, or exit when Stochastics lines converge towards each other.
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 ASCTrend indicator download link is provided here. CLICK HERE TO DOWNLOAD
The ASCTrend indicator download contains the following:
- 15 mt4 indicators.
- 1 mt4 template.
- 1 text file containing the trading rules.
Categories: Forex Trading Systems