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-   -   My Easy & Simple paper trading WORKS! Please make an EA (https://www.forexfactory.com/showthread.php?t=938237)

noogolf Aug 3, 2019 11:00am | Post# 1

My Easy & Simple paper trading WORKS! Please make an EA
 
2 Attachment(s)
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

Click to Enlarge

Name: 426085.jpg
Size: 102 KB

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.

Click to Enlarge

Name: RSI.png
Size: 33 KB

* 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 !!

farang007 Aug 4, 2019 5:00am | Post# 2

Hi,
Thank you so much for sharing.
Cheers

Realgee Aug 4, 2019 6:36am | Post# 3

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 {image} 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. {image} * If possible who can make an EA for this system for back test them. This method is not Holy Grail but if it...
Thanks for this piece man!

salimc Aug 4, 2019 9:57am | Post# 4

[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.

kleybenny Aug 4, 2019 10:25am | Post# 5

Hi,

Forget it. Your idea is not profitable. Iīm sorry to say this. But trading is more than a simple RSI cross

kleybenny Aug 4, 2019 10:27am | Post# 6

1 Attachment(s)
I made for you a short EA. Attached you can find your idea. You will see itīs not profitable.

Kind Regards

Ben

RSI_Cross.ex4

leoleo268 Aug 4, 2019 11:08am | Post# 7

It is not profitable...

ChicagoRob Aug 4, 2019 11:31am | Post# 8

I made for you a short EA. Attached you can find your idea. You will see itīs not profitable. Kind Regards Ben {file}
Does the EA trigger after a 50 cross?

leoleo268 Aug 4, 2019 11:52am | Post# 9

The way is profitable...
Only 2019..

ChicagoRob Aug 4, 2019 12:04pm | Post# 10

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.

kleybenny Aug 4, 2019 12:21pm | Post# 11

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.
Did you set tp and sl to 0?

hibra68 Aug 4, 2019 1:15pm | Post# 12

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.

mocforex Aug 4, 2019 2:35pm | Post# 13

Where is SL?

Fajrss Aug 4, 2019 2:44pm | Post# 14

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 ?

..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. {image} * 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 !!
I


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