ASC Trend Signal Forex Trading Strategy

The ASC Trend Signal forex trading strategy consists of a smart buy/sell forex indicator and trading oscillator.

Currency traders are able to deploy this strategy in scanning the market for profitable entries on any currency pair and timeframe, from the 1 minute chart up to the weekly.

Chart Setup

MetaTrader4 Indicators: ASCTrend_BO.ex4 (Inputs Variable Modified; RISK=9), ATR_MA_Oscillator.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day, Week

Recommended Trading Sessions: Any

Currency Pairs: Any pair

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Download the ASC Trend Signal Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed:

  1. If the red upward pointing arrow of the ASCTrend_BO.ex4 custom indicator gets formed somewhat below the candlesticks as seen on Fig. 1.0, price is said to be pushed higher i.e. a trigger to buy the currency of focus.

2 If the dodger blue histograms of the ATR_MA_Oscillator.ex4 custom indicator gets displayed above the 0.00 level as illustrated on Fig. 1.0, the sentiment in the market is believed to be bullish, as such a buy signal is looming.

Stop Loss for Buy Entry: Place stop loss below trading support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  1. If while a buy signal is ongoing the ASCTrend_BO.ex4 custom indicator display a magenta downward pointing arrow, it is an indication of weaning bulls power, as such an exit or take profit is advised.
  2. If the dodger blue histograms of the ATR_MA_Oscillator.ex4 custom indicator realigns to form below the 0.00 signal level, it is pointing to a possible return to downward pressures, hence an exit or take profit will suffice.

Sell Entry Rules

Enter a sell order if the following holds precedence:

  1. If the magenta downward pointing arrow of the ASCTrend_BO.ex4 custom indicator gets formed somewhat above the candlesticks as depicted on Fig. 1.1, price is said to be pressured lower i.e. a trigger to sell the designated forex pair.

2 If the dodger blue histograms of the ATR_MA_Oscillator.ex4 custom indicator pops up below the 0.00 level as shown on Fig. 1.1, the market sentiment is said to be bearish, as such a sell order is said to be appropriate.

Stop Loss for Sell Entry: Place stop loss above trading resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If while a sell order is continuing the the ASCTrend_BO.ex4 custom indicator displays a red upward pointing arrow, it is an indication of halting bears power, as such an exit or take profit is recommended.
  2. If the dodger blue histograms of the ATR_MA_Oscillator.ex4 custom indicator readjust to form above the 0.00 signal level, it is pointing to a possible return to upward pressures, hence an exit or take profit will do.

Sell Trade Example

Fig. 1.1

Free Download

Download the ASC Trend Signal Forex Trading Strategy

About The Trading Indicators

The ATR_MA_Oscillator.ex4 indicator is an OsMA type oscillator but interpreted as the ATR oscillator.

When its histogram breaks above the 0.00 signal level, it is known as a bullish signal and vice versa.

The ASCTrend_BO.ex4 custom indicator is used to deliver trading signals through the use of its upward and downward pointing arrows.

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