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Hello
Re ND_asctrend_M15_v1 indicator set.
Some nice clean examples from todays CET zone.
Missed the first trade but got on to 2nd trade for 15 pips.
I am just using the basic set of indicators posted by ND ( from M1 set ) plus
ema 50 & ema 100 for support resistance. Using SL =16 , trying for 10 -15 pips at present on major pairs until I become familar with this type of system.
Sorry nothing "magic" here, just std trading and signals appear very consistent on Cable and EUR/ USD. (Obviously I am also entering based on old rule of if price below ema50 only take short, if above ema50 only take long)
Other than last week, in 7 years of trading sharemarket and 1 year Forex I have never traded lower than 30m timeframe.
Since I am newbie at M15 can I ask ND, experienced traders of ASCTREND and general M15 traders a couple of questions if possible.
Am I missing something obvious here ? ( most likely !) I thought that ASCTREND style indicators failed to deliver consistency on lower timeframes like 15m
Are the current market conditions ( last 2 weeks ) just favourable to this style of M15 trading ( so in a months time will fail miserably) ?
Is it that ASCTREND indicators have traditionally been used to obtain large price movements with large SL ? ie not 10 -15 pips but 50 -100 pips
Have these indicators been recently "tweaked" or "fitted" to current conditions ?
Any input appreciated.
If no feedback -I guess I will just find out over the next couple of months....
Regards
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