Thread: ASCTrend system
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Old 07-04-2006, 05:54 AM
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Hi NewDigital,
Can you elaborate a little on the entry signal for the 30 min system. If i am not wrong :

For a buy
ASCTrend Signal Green arrow + Big nonLag MA change to blue + Small nonlag MA change to blue + RSI change to blue + Absolute Strength turn to blue = Good buy signal , right?

And similarly for sell, reverse of the above.

But i would think that this scenario happens not too frequently, may be once a week or so on a pair. Is it possible that we can take entry signal if the AscTrend signal is validated by atleast 2 or 3 out of 4 possible validations?
Maybe in the case where all the validations are satisfied, we can be positive of the trade and maybe aim for 100 + pips. In the case where 3 validations happen + AscTrend , maybe go for about 30 pips. Where 2 validations + ASCTrend , about 10 pips target.

Would like to hear your comment on this. Please correct me if i am wrong and also enlighten me on the precedence of the signal validation indicators.

Thanks
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