ASCTrend system

+ New Comment
DeSt
Join date: 2006.01.20
Private message
#31

ASCTrend expert advisor

Is there an expert advisor for ASCTrend? If there is an ASCTrend expert advisor, you can run strategy tester to see how it does. Try creating an expert advisor if one does not exist.

newdigital
Join date: 2005.09.28
Private message
#32
DeSt:
Is there an expert advisor for ASCTrend? If there is an ASCTrend expert advisor, you can run strategy tester to see how it does. Try creating an expert advisor if one does not exist.

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.

DeSt
Join date: 2006.01.20
Private message
#33
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.

DeSt
Join date: 2006.01.20
Private message
#34

Expert Advisor for ASCTrend

newdigital:
ASCTrend1 indicator.

This indicator colors the bars according the climate of the market: red color is bearish and blue is bullish.

ASCTrend2.

Small dots (by aqua and fuchsia color) which may be used for stop or to increase the profit to the trend direction.

ASCTrend1Signal: main indicator in the system showing the signals for buy or sell. If the signal is repeated it means re-enter signal and we may open additional order on the same direction.

Can somebody write the steps necessary to make a ASCTrend trade? What is the algorithm in making an ASCTrend trade? I want to try making an expert advisor for ASCTrend but I need to know the steps and conditions needed for a trade to be made and steps to exit a trade.

Rancho
Join date: 2005.10.13
Private message
#35

Ref: Post #15 Evaluation

I just ran Igor's evaluation (in Russian) through Altavista's Babel Fish.

http://babelfish.altavista.com/

It is all about what Ablesys' ASCTrend indicators are based on.

I was surprised. Now we know who Santa Claus really is.

newdigital
Join date: 2005.09.28
Private message
#36
Rancho:
Ref: Post #15 Evaluation

I just ran Igor's evaluation (in Russian) through Altavista's Babel Fish.

http://babelfish.altavista.com/

It is all about what Ablesys' ASCTrend indicators are based on.

I was surprised. Now we know who Santa Claus really is.

Yes it is very good evaluation. And as I know it is the part one of the evaluation only. It is the best evaluation of ASCTrend system.

As to Santa Claus so all the signal systems are based on the classical indicators. BTW many people tried to create the same indicators but for MT3 and MT4 but failed. Irrespective of evaluation and everything. It is very simple but nobody did it up to now.

DeSt
Join date: 2006.01.20
Private message
#37
newdigital:
Yes it is very good evaluation. And as I know it is the part one of the evaluation only. It is the best evaluation of ASCTrend system. As to Santa Claus so all the signal systems are based on the classical indicators. BTW many people tried to create the same indicators but for MT3 and MT4 but failed. Irrespective of evaluation and everything. It is very simple but nobody did it up to now.

I have been trying to program in MT4. The reason why many people are having problems is because MT4 contains many bugs. The prices are not updated in a consistent basis for the Expert Advisors. The price update for EA's are different from the charts so this causes problems in execution of trades by the EA. Many of the functions for MT4 don't work properly. I don't thnik the "System Tester" is accurate at all. Until the developers of MT4 and the MetaTrader fix the bugs, programmers will find that their EA's will not work properly.

holyguy7
Join date: 2006.02.02
Private message
#38

ASC Trend System Help

I know there is no expert advisor to this system but I was wondering if there was a way to program the ASCTrend1Sig to send an automatic email if a signal goes off.

I use a modified version of the ASC Trend system. I call it the "Super 7" because I use 7 indicators that help me improve this already profitable system.

The indicators I use are as follows:

ASCTrend1sig

ASCTrend1

ASCTrend2

TrendManager

SilverTrend

OsMA

TrendTriggerMod

Also, for better visual effects. I have re-color coded all indicators either green (long) or red (short).

I use OsMA and TrendTriggerMod to reduce down whiplash and they appear to do that very well.

However, after testing, I am getting ready to go live but needed a way to signal myself via SMS when a signal goes off so that I don't have to be at my computer 24-7.

Anyhow, this is my first post here and a recent screenshot of the 1 hour chart of the EUR/USD. It shows how well the system seems to work.

If you have any questions for me and what I look for to get rid of whiplashes, just let me know.

Perky
Join date: 2005.10.02
Private message
#39

I always wondered why i could never make any money from asctrend or its hybrid indicators I mean see arrow wait till bar closes make trade .....easy even a kid can do it - hmmmmmm

then i realised

try picturing the arrow on a buy at the high not the low of that candle and for a sell at the low not the high...

i.e put the arrow at the other end of that bar/candle

doesnt look so good!!!!!!

just a point to mention

newdigital
Join date: 2005.09.28
Private message
#40
holyguy7:
I know there is no expert advisor to this system but I was wondering if there was a way to program the ASCTrend1Sig to send an automatic email if a signal goes off.

I use a modified version of the ASC Trend system. I call it the "Super 7" because I use 7 indicators that help me improve this already profitable system.

The indicators I use are as follows:

ASCTrend1sig

ASCTrend1

ASCTrend2

TrendManager

SilverTrend

OsMA

TrendTriggerMod

Also, for better visual effects. I have re-color coded all indicators either green (long) or red (short).

I use OsMA and TrendTriggerMod to reduce down whiplash and they appear to do that very well.

However, after testing, I am getting ready to go live but needed a way to signal myself via SMS when a signal goes off so that I don't have to be at my computer 24-7.

Anyhow, this is my first post here and a recent screenshot of the 1 hour chart of the EUR/USD. It shows how well the system seems to work.

If you have any questions for me and what I look for to get rid of whiplashes, just let me know.

Holyguy7,

Which indicators are you using exactly?

These indicators are not modified seriously?

What is your rules?

Please tell more about this Super 7 system.

kumawat
Join date: 2006.01.16
Private message
#41

hi holyguy,

plscan you attache your suoer seven system and indicator so i can do forward testing also.

holyguy7
Join date: 2006.02.02
Private message
#42
newdigital:
Holyguy7,

Which indicators are you using exactly?

These indicators are not modified seriously?

What is your rules?

Please tell more about this Super 7 system.

OK, I have basically tried about every trend indicator out there. I discarded the ones that either did the same thing these do or are difficult to understand. So I have settled with just the seven indicators inclosed. Here is how I filter the trades to reduce whiplash.

I have color coded all indicators to either Lime Green (Bullish) or Red (Bearish). In this way, it one can quickly look at the chart and see what the trend is looking like.

The only rule I follow is this after setting up all indicators: The 3 must AGREE.

What three indicators am I talking about:

ASCTrend1sig- This is the first indicator if the arrow points either Red (Bearish) or Green (Bullish)

OsMA- This is the second indicator. The Bars must AGREE with the above Signal. In other words, if the bars are up from 0 then it is Bullish or down from 0 then it is bearish.

TrendTriggerMod- The line must be moving in the correct direction that agree with the above two indicators. Moving up means that it is bullish, moving down means that it is bearish. If the line is moving the wrong direction or flat, wait a bar or two to see if the direction changes.

Remember, do this only on the 1 hour chart. The 1 hour chart does a good job filtering out the noise the others seem to have.

By following the above rules, you will catch EVERY major trend and reduce whiplash down during the none trending (flat) times.

My goal in posting this is to see if some brilliant coder could make an EA of these rules, combine the rules to make an easier to read signal or improve upon the existing system that I use.

I believe you can use this on most currency pairs. I have been demoing this this with the EURUSD, GBPUSD, USDJPY, NZDUSD, GBPJPY and a couple others. Unfortunately, since I can't be at my computer 24 hours a day 7 days a week, I can't alway keep an eye on what is happening and may miss trades and/or opportunities.

Enclosed is a few screen shots of the system currently. Notice in the screen shots how to use the filters I described to reduce whiplash.

Remember, the 3 MUST AGREE

Any other questions or any indicators that you all might think of adding would be great.

holyguy7
Join date: 2006.02.02
Private message
#43

Another point to make

Also, you need to bear in mind news events that can effect trends as well. Watch for when big news comes out which can and does effect trends. This also needs to be factored into the picture as well.

For a list of current news that effects the forex markets, go to:

http://www.forexnews.com/

Just a thought.

JohnnyB
Join date: 2005.12.13
Private message
#44

super 7

holyguy7:
(...)

The only rule I follow is this after setting up all indicators: The 3 must AGREE.

(...)

Hello,

why do you use the 7 indicators on your chart, if you only use 3 like stated in your last post?

positivepips
Join date: 2006.03.03
Private message
#45

ACS trend with 10 pip filter

HI, I am new to the tread. In looking at the ASC trend system if you change the risk to 10 and attach the indicator to the 15 min. chart on the USD pairs then when a signal is indicated wait until 10 pips pass before entry as a filter after the close on the signal bar about 80% of the trades will be positive of 15pips and several trends start with many pips.

Will someone look into this to see if an EA can be developed, very simple system. Might want to add a tine filter only to trade 1AM eastern to 11AM easterm.

I know this will make money but manual trading this takes a team or someone who is up during these hours all the time.

If an EA is not possible then an ASC trend signal with a sound alert indicator of at least 10 alerts would be next best. It takes several alerts or I miss an alert if they only sound one time as the one I use now does.

Mike