Quote:
Originally Posted by 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
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. |
AscTrend set up from this post
ASCTrend system 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.