Cuttingedgeforex – ASCENT II Expert Advisor (unlimited)

Cuttingedgeforex – ASCENT II Expert Advisor (unlimited)

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Ascent II expert advisor designed and programmed by professionals at Cutting Edge Forex

• Trades trades volatility breakouts on the 15min timeframe. Designed on EURUSD
• Uses dynamic self adjusting Targets and Stops
• Uses 2 strategies
• Long Term Profitable
• Cuts losses short letting profits run
• Programmed by professionals
• No Grid or Martingale components
• Designed, tested, and optimized using the highest quality data (Birt’s TDS)
• Trades on average a few times a week
• Robust! Not only surviving, but THRIVING, over 10 years and all market conditions (including the great financial crisis of 2008)

The strategy is based around the fact that breakouts (whether caused by news reports, trendline breaks, etc..) create trends. Ascent II captures these emerging trends adding to positions when conditions present themselves for maximum profitability.

USER DEFINED VARIABLES

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Static Lot Size – If not using Advanced Money Management, this lot size will be used

Advanced Money Management – Set true to enable percent based lot sizing

Risk Setting – Risk setting to be used with percent based lots

Tag 1 – Strategy 1 trade tag identifier.

TP/SL ATR Bars – ATR bars to be used in calculating Targets and Stops

TP Factor – Factor of ATR for Targets

SL Factor – Factor of ATR for Stops

Acceleration – Number of Bars

Mass – Number of Bars

Qualifier – Volatility Cut Off Logic. Generally a range of 2.0 – 3.0 is best

MA 1 – Number of bars for MA 1

MA 2 – Number of bars for MA 1

Tag 2 – Strategy 2 trade tag identifier

Enable Strategy 2 – Set true to enable strategy 2

TP Factor 2 – Factor of ATR for Targets

SL Factor 2 – Factor of ATR for Stops

S2 ATR Bars – ATR bars to be used in calculating Targets and Stops

S2 Qualifier – Fading Volatility Cut Off Logic

RSI Bars – Number of RSI Bars

RSI Cut Off – RSI Cut Off amount

Use Initial Balance – Set true to give Ascent II a specified balance

Initial Balance Amount – Amount to be used as initial balance

Max Spread – Maximum allowable spread when entering trades

5 Digit Broker – Set true for 5 digit brokers

Max Positions – Maximum number of open positions allowed at one time

Show Warnings – Set true to show warnings

Display Color – Select a number 1 – 10 for display color options

Transparent Display – Set true to see chart through display

Magic Number – Identifying serial number. Use a unique number for each instance of your EAs

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