Thread: ASCTrend system
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Old 01-24-2006, 10:32 AM
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Quote:
Originally Posted by newdigital
I know many attempts to do it. But first we need to evaluate this ASCTrend system (on the same way as we evaluated Braintrading system). We must be sure that this ASCTrend works and estimate the rules for the EA.

What are the difficulties?

As you know ASCTrend (and Braintrend etc) is signal system. It means that "the indicators are significant and price is nothing". Is it good or bad? Good because even the my son may trade using strict signal systems' rules following the dots or arrows. Just show him how to move the mouse and that's all.
Why is it bad? because we are not looking on the price and all the rules should be estimated very carefully because of that.

If we have non-signal system (some EMA crossing for example) we will have the price as the main subject and all the indicators with dots and arrows are auxiliary ones just for the confirmation and validation only. We will get all the information from the price movement. And small child can not trade non-signal system: he should be educated and experienced.

ASCTrend is the signal system.

Anything worthwhile is difficult to do. Creating an expert advisor for ASCTrend isn't extremely difficult because the indicators are already created. The difficulty is making the execution and exit of trades perform reliably and the advisor must also check for other signal confirmations.
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