Originally Posted by newdigital

I used LabTrend3 just during the few hours today.
I will use it for stop and for the confirmation as well.
And very good indicator for the confirmation is RSIFilter (it is in the indicators' set and template - new one). Confirmation of Parabolic SAR is necessary for M1 timeframe. I am not sure about D1 and W1 timeframe but for M1 it is necessary. Of course it comes later sometimes but it is M1 timeframe and this timeframe is very risky. I do not remember exactly but I am trying to open the order with all the confirmation (2 indicators in separate windows, SAR, Labtrend3, ASCTrendsig and some others). Many confirmations. A lot.

It is ASCTrend. I mean this system is catching the trend in the middle or in the end (not in the beginning). In most cases it is re-enter: it means that you see good signal which were not confirmed by 1 or two indicators and you don't open the order because of that. But after that (later) you see the other fully confirmed signal (ASCTrend signal) and you may have just a few pips (from the big trend). It is reducing the risk.

That is why I did not change risk value in ASCTrendsignal indicator to have this "re-enter" (it is 3 if i remember). If I change the risk to 15 for example I will have 1 trade per day or per week on M1 timeframe with all the confirmation. Because there are many confirmation indicators.

Generally it should be 3 or 5 orders a day from 4 main charts with all the confirmation.

The difficulties of this system is the following: in some cases this system is catching the trend in the end of it. And during the reversal we may get stop loss very easy. And I hope that this LabTrend3 will help.

Because there are some indicator (NRTR probably) in MT3 indicators thread. It is old thread and it was described how those kind of indicators are working. If I remember it was design originally to see the reversal of ther trend.

I will try to get stop loss just to see how this Labrend3 may help.