ASCTrend is a trend indicator. It is available in both MetaTrader 4 and MetaTrader 5 platforms. In this post I will shortly discuss about ASCTrend MT4 indicator and I will also provide you with the ASCTrend indicator download link for MetaTrader 4.
Keep a stop loss for 30 pips.
Long entry criteria:
a. 5 period EMA crosses above the 10 period EMA.
b. Relative strength index is above 50.
c. ASCTREND gives up arrow signal.
d. Stochastics indicator is moving up.
e. CCI indicator is also pointing up and reaches above 50%.
Short entry criteria:
a. 5 period EMA crosses below the 10 period EMA.
b. Relative strength index is below 50.
c. ASCTREND gives down arrow signal.
d. Stochastics indicator is moving down.
e. CCI indicator is also pointing down and reaches below 50%.
Exit when 5 period EMA crosses 10 period EMA in just the opposite direction to your trade, or exit trade when price bounces back from the Bollinger Band, or exit when Stochastics lines converge towards each other.
Never trade this ASCTrend MT4 indicator without a stop-loss. Never set a target or take profit level. Always close your trade when the closing criteria is met. ASCTrend being a trend indicator thus will let you ride the whole trend and will book big profits in trending phases.
The ASCTrend indicator download link is provided below. You can unlock the download link by using any of the social share buttons below.
The ASCTrend indicator download contains the following:
- 15 mt4 indicators.
- 1 mt4 template.
- 1 text file containing the trading rules.
Indrajit is playing with Metatrader since 2010. He has vast knowledge in creating testing MT4 indicators and expert advisors. He also tests expert advisors in auto trading in VPS in MyFXBook verified accounts.