My Easy & Simple paper trading WORKS! Please make an EA
I try to test my method very easy and simple on daily chart.
And result in paper trade is look so good in 5 pair JAN 2019 - 2 Jul 2019 almost are profitable
E/U +466 pips
G/U +123 pips
U/J +162 pips
A/U +167 pips
G/J +469 pips
Trade set up
BUY when RSI(5) cross up 50 level
Open BUY order in next day and close order at end of day.
SELL when RSI(5) cross down 50 level
Open SELL order in next day and close order at end of day.
* If possible who can make an EA for this system for back test them.
This method is not Holy Grail but if it can make profit in long term, i think is Work !!
Thank you so much for sharing.
[quote=noogolf;12420038]I try to test my method very easy and simple on daily chart. And result in paper trade is look so good in 5 pair JAN 2019 - 2 Jul 2019 almost
By "next day" do you mean next day London open time? Thanks.
Forget it. Your idea is not profitable. Iīm sorry to say this. But trading is more than a simple RSI cross
I made for you a short EA. Attached you can find your idea. You will see itīs not profitable.
It is not profitable...
The way is profitable...
Something isn’t right. My manual backtest for euraud, for 8/1/18 to 8/3/19, resulted in +373 pips. The EA result for the same period was +33 pips. The same spread was used for both tests.
If you buy and sell at the same time when the cross takes place. And tp half of both buy and sell when they reach 25 pips. Than bring the remaining trades to breakeven and restart at next cross.
You will have success.
Where is SL?
I see you are using GMT+7 so what do you mean by the next day and the end of day ?
Is it NY close ?
Is it Tokyo open and new York close? Or something else ?
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