ASCTrend Signals Metatrader 4 Indicator
ASCTrend provides forex trading signals for all currency pairs and time frames. Preferred risk setting:10 (default value: 3). Open the indicator input settings to modify risk settings.
BUY: In uptrends: Buy at the Aqua arrow. Place stop-loss below the most recent support area.
SELL: In downtrends: Sell at the Magenta arrow. Place stop-loss above the most recent resistance area.
Use in conjunction with trend analysis tools to determine the primary trend. Don’t use ASCTrend indicator against the prevailing trend.
EUR/USD Daily Chart Example