About stop loss level.

I am not placing normal stop loss.
I am looking on the all the indicators, price and all the situation in general to estimate the marker reversal (possible stop loss). I had stop losses and in this case it is necessary to see all the indicators on the same way as for entrance: "occasional" or "planed" price movement.

News. I am trying not to trading during the news. I am just waiting (if order was opened already and price is going in opposite direction) or not trading. Because it is risky for this system. Of course this system will work during the news as well (with more pips).

One look/glance on the charts should be enough to estimate everything. Try to trade on M1 during one week during the 1 or 2 hours per day and you will estimate everything automatically.

When I am writing this post this system did the other $1,000.
Statement was updated.

12,800 for 6 days.

Attached Images

ASCTrend.gif (4.6 KB, 735 views)

Attached Files

ASCTrend.htm (37.8 KB, 125 views)

I will try to set up the charts for other timeframes (it should be the other indicators for confirmation).

NewDigital,
This is really a wonderful piece of work that you are doing. If you are doing so much, kindly generate
1) an audio (preferably voice) alert for a BUY/SELL signal when all the indicators match/align
2) create a EA to do this job with TP=10 and SL=10 or whatever the best way you think.

If it's too much work for you, can anybody of us do this part and post here. This seems a great achievement. I praise you so much.

May God bless you.

- Sukhen

P.S. Somehow, my charts are not refreshing. What could be wrong?

Hi ND,

Thanks for all the work you do,

What time zone are your charts, I want to match you entry exit with my charts as there are somer things I am not clear about.

Ta

mart

I am having disconnection of my Metatrader now. Used Ctrl-Alt-Delete to close MetaTrader. Will open it once again and will see the timezone.

I am trying to set up the weekly chart. First of all we may use iTrend_histogtamm indicator instead of RSIFilter.

And PriceChannelStop_v2 instead of ASCTrendsig. Because this PriceChannelStop is almost the same with ASCTrendsig indicator, having some lines for possible stop loss and having sms/e-mail alarm. I am not sure about other indicators.
Still trying to set up weekly chart. Not finished yet.

Edited: my MetaTrader's time is GMT+3.

Attached Images

asctrend_w1.gif (23.5 KB, 1148 views)

can you please post pricechannelstop_v2
i have v1 and v6 versions but how they can send sms/email ?
i have set email in tools but how to set indicator

try to use stepchoppy_v1.3 as filter also
or maybe hit_stepma_stoch_kv1_ex_o2 with filter 0.004
let's make some money

It is the indicators.
And the explanation about how to set e-mail/sms is here.

Attached Files

	PriceChannel_Stop_v1.2.mq4 (6.3 KB, 375 views)
	iTrend_hist.mq4 (4.4 KB, 351 views)

Please find updated statement.

$32,000 for 1 week.

Starting deposit 50,000. Now 82,138.
Starting lot size is 1 and most higher lot size is 8.

Attached Images

ASCTrend.gif (4.7 KB, 734 views)

Attached Files

ASCTrend.htm (41.7 KB, 184 views)

Hi ND,

I have few question for you, would you please answer it if you dont mind..

1. You said to confirm the trend we have to look at RSIFilter_v1 and RoundPriceNE_big_separate indicators, i know that RSIFilter if it shows orange above means up treand and blue on the bottom means down trend. but i don't know how to confirm the trend with RoundPriceNE_big_spearate indicator, is it when this indicator goes up means uptrend or is that the KGSP has to be above the RoundPriceNE_big_separate indicator and both of them goes up means up trend?which one the way to confirm the trend with RoundPriceNE_big_separate indicator?

2. What is LabTrend3 use for?i don't understand how this indicator works on the system, because u said on the example on case 1 u dont enter the market becase the labtrend is close to the price and it was flat.

3. If ASCTrend is appear on the chart, then most of the indicator support the direction of the arrow but not all of them. Can we still enter the market if later 1 indicator follow the confirmation. For instance, the ASCTrend shows signal for buy, then the trend is confirm for up, then Parabolic SAR, ATRStops_v1 is confirm for buy but and then the NRTR hasn't confirm but later on this indicator confirm after 2 or 3 bars after the ASCTrend signal, can we still enter the market?

4. What time you trade mostly on the market?

Because, i follow the rules that u wrote but i end up with a big lose pips..i don't know what mistake that i did, or maybe i still don't understand the rules for ASCTrend system.

Thanks ND

Hi Newdigital,

In the attached graphic I've posted all the indicators you are using for this system of trading, together with questions about their usage.

I've searched the forum and haven't yet to come up with much information. There might be a discussion on some of the indicators, but no instructions about usage for us newbies. I've also searched the web.

I know you are a very busy person, but we would all be very grateful if you would either explain to us their usage, or point us to locations where we can learn how to use them.

BTW, I've been following the ASCTrend system for some time now and consider it very good.

I thank you for your time and hope you can give us some assistance.

Thanks!

moneyline