Forex ASC Trend Buy Sell Trading System
From the Old Kings archive: Forex ASC Trend Buy Sell Trading System, an expert advisor (trading robot) for MetaTrader 4. Judging by its name, it is built around following the trend. In the code it works with RSI and the Stochastic oscillator. It moves the stop behind price, has a trading-hours filter and can size trades from your risk. It has 40 settings, for example RISK (default 3), Count Bars (default 300) and Risk (default 5). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 19 indicator files with source code (.mq4) you can open and edit in MetaEditor and 1 settings file (.set). Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About Forex ASC Trend Buy Sell Trading System
Forex ASC Trend Buy Sell Trading System is an expert advisor (trading robot) for MetaTrader 4 based on RSI and Stochastic. It moves the stop loss behind price (trailing stop / break-even), trades only in the hours you set (time filter) and can size trades from your balance and risk percent. It has 40 settings, such as RISK, Count bars and Risk. MQL source code included.
It also works on several symbols at once.
Files in the download: asc6.set, ASCTrend1.mq4, ASCTrend1sig.mq4, ASCTrend1sig_noSound.mq4, AscTrend2.mq4, NRTR WATR.mq4, NRTR.mq4, NRTR_color_line.mq4 ….
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| RISK | 3 | Risk per trade (percent of balance) |
| Count bars | 300 | |
| Risk | 5 | Risk per trade (percent of balance) |
| Monyrisk | 2.0 | Risk per trade (percent of balance) |
| Average period | 10 | Period or timeframe used by the calculation |
| Variant | 2 | |
| Atr period | 14 | Period or timeframe used by the calculation |
| Coefficient | 4.0 | |
| Start bar | 1000 | |
| Length | 9 | Price Channel Period |
| Applied price | 0 | Applied Price:0-C,1-O,2-H,3-L,4-Median,5-Typical,6-Weighted |
| Use re entry | 1 | Re-Entry Mode: 0-off,1-on |
| Alert mode | 1 | Alert Mode: 0-off,1-on |
| Warning mode | 1 | Warning Mode: 0-off,1-on |
| Warning sound | alert2.wav | Turn this alert on or off |
| P | 9 | |
| N1 | 9 | |
| N2 | 49 | |
| MAGIC | 100111 | Magic number that tells this EA's orders apart |
| Parameters expert | PARAMETERS EXPERT | |
| Cl open buy | Blue | |
| Cl close buy | Aqua | |
| Cl open sell | Red | |
| Cl close sell | Violet | |
| Cl modi buy | Blue | |
| Cl modi sell | Red | |
| Name expert | AsctrendBuySellExpert | |
| Use sound | False | Turn this alert on or off |
| Name file sound | alert.wav | Turn this alert on or off |
| Parameters filter | PARAMETERS FILTER | |
| Use hour trade | False | |
| From hour trade | 8 | |
| To hour trade | 18 | |
| Parameters trade | PARAMETERS TRADE | |
| Lots | 0.10 | Trade size in lots |
| Slippage | 4 | Maximum slippage allowed when opening a trade |
| L stop loss | 1000 | Stop loss distance |
| S stop loss | 1000 | Stop loss distance |
| L take profit | 1000 | Take profit distance |
| S take profit | 1000 | Take profit distance |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Buy/Sell Arrows · Trend · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · Multi-Currency · RSI · Stochastic · MT4 Indicator · MQL4 Source Code