ASC TREND SYSTEM

Trading Rules

  1. Risk Management: Protect your investments by setting a stop-loss at 30 pips.
  2. Entering Long Positions: Identify favorable conditions:
    • 5-EMA crosses above the 10-EMA.
    • RSI exceeds 50.
    • ASCTREND up-arrow signal with a lit candle.
    • Ascending Stochastics lines.
    • CCI line points up and surpasses 50%.
  3. Entering Short Positions: Spot lucrative opportunities:
    • 5-EMA crosses below the 10-EMA.
    • RSI falls below 50.
    • ASCTREND down-arrow signal with a lit candle.
    • Descending Stochastics lines.
    • CCI line points down and falls below 50%.
  4. Exiting Trades: Execute exits when:
    • 5-EMA crosses 10-EMA in the opposite direction.
    • Price rebounds from the Bollinger Band.
    • Stochastics lines converge.
  5. Signal Reliance: Trade only with clear signals; consider a 20% risk while waiting for confirmation.
  6. Risk Allocation: Limit risk to 5% without a signal, ensuring the candle is lit with ASCTREND.
  7. Stop-Loss Vitality: Safeguard your trades by never trading without a stop-loss.
  8. Chart Timeframe: Opt for one-hour charts or higher for precise analysis.
  9. Order Placement: Avoid limit orders; rely on ASCTREND-compliant signals for trade calls.
  10. EMA Application: Apply EMAs to the CLOSE for accurate trend assessment.
  11. Trade Monitoring: Keep a vigilant eye on trades; set trailing stops if available.
  12. Indicator Configuration: Fine-tune indicators for optimal performance:
    • Stochastic oscillator: 5, 3, 3, with levels at 80, 50, 20.
    • RSI: 14, with levels at 70, 50, 30.
    • CCI: Levels at 100, 0, -100.
  13. Market Awareness: Stay informed; check Oanda News Orders Board regularly.
  14. Profit-Taking Strategy: Close trades opportunistically; avoid preset TAKE-PROFIT.
  15. Analytical Fusion: Blend Fundamental and Technical analyses for comprehensive insights.
  16. Opposite Signals: Act swiftly; close trades if signals indicate a reversal.
  17. Emotional Detachment: Remain objective; avoid emotional trading.
  18. Trend Loyalty: Align with the trend for consistent success.
  19. Account Security: Maintain control; update passwords regularly.
  20. Prompt Action: Seize opportunities promptly; act on favorable trade signals.
  21. Manual Trading: Execute trades manually; avoid reliance on Expert Advisors.
  22. Price Patience: Exercise patience; let prices come to you.
  23. Stop-Loss Adjustment: Adjust stop-loss cautiously; move to break even only at +30 pips profit.
Download