Ascent II Expert Advisor is designed and programmed by professionals at Cutting Edge Forex. This strategy is based on the fact that breakouts (whether caused by news reports, trend line breaks, etc.) create trends. Ascent II captures these emerging trends, adding to positions where maximum profitability occurs, similar to a scalping expert advisor.

• Use dynamic self-adjusting targets and stops
• Uses 2 strategies
• Trade volatility breakouts on the 15 minute time frame. Designed in EURUSD
• long term profitability
• Reduce losses and let profits run
• Programmed by professionals
• No grid or Martingale components
• Design, test and optimize using the highest quality data (Birt's TDS)
• Average number of trades per week
• Strong! For over 10 years, we have not only survived, but thrived through all market conditions, including the 2008 financial crisis

Settings

• Static Lot Size – This lot size will be used if Advanced Money Management is not used
• Advanced Money Management – ​​Set true to enable percentage-based lot sizes
• Risk Setting – Risk setting for use with percentage based lot size
• Tag 1 – Policy 1 trade tag identifier.
• TP/SL ATR Bars – ATR bars used to calculate targets and stops
• TP Factor – target’s ATR factor
• SL Factor – ATR factor for stop loss
• Acceleration – Number of Bars
• Mass – Number of Bars
• Qualifier – Volatility cutoff logic. Generally speaking, 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 – Target’s ATR factor
• SL Factor 2 – ATR factor for stop loss
• S2 ATR Bars – ATR bars used to calculate targets and stops
• S2 Qualifier – volatility decay cutoff logic
• RSI Bars – Number of RSI Bars
• RSI Cut Off – RSI Cut Off amount
• Use Initial Balance – Set to true to provide a specified balance for Ascent II
• Initial Balance Amount – The amount used as the initial balance
• Max Spread – the maximum spread allowed when entering a trade
• 5 Digit Broker – Set true for 5 Digit Broker
• Max Positions – the maximum number of positions allowed at one time
• Show Warnings – Set true to show warnings
• Display Color – Select numbers 1 – 10 as display color options
• Transparent Display – Set true to view the chart through the display
• Magic Number – identifies the serial number. Use a unique number for each instance of your EA

Default settings are intended for operating the EURUSD 15min chart. However, all variables are public, allowing traders to optimize and trade Ascent II on many instruments.

• More EA cuttingedgeforex from this EA Creator