Quote:
Originally Posted by newdigital
1. You are talking about close and open bar. This EA (as many other EAs) are operating ion close bar. Or fixed in your terminogory. Fixed.
2. I backtested it and it works fine. But it should be forward tested for at least few hours to see this closing/openning on demo account. Because backtesting and forward testing is different. If we don't have problem with closing/openning on one signal so I will add some more indicators to this EA: NRTR or some others. Because just one indicator is not enough to have profitable system.
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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
ASCTrend system
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.