IDEAS THAT WORK BEST WHEN
What am starting here is an attempt towards automating a system that I believe has come close to achieving adaptive capabilities, capable of withstanding any market conditions & still remain profitable.
I have already shared an EA which I believe has a decent outlook profit wise. Am looking to combine this EA with a proven market filter, to achieve better results.
This thread will heavily rely on a thread started by David aka Hanover who is the developer of the Recent Strength indicator. http://www.forexfactory.com/showthread.php?t=163158
I have already shared a video explaining how the FXI-RSIScalp indicator & FXI-RSIScalpEA works. Both of these tools were shared freely by Jason fielder .I happened to have come across a filter that works best with this system.
This strategy is now being traded manually with greater success using a “market fell filter” Recent Strength developed by David aka Hanover, And to their honour,step forward and take a warm round of applause .
Before I explain how am tweaking this system & using Recent Strength as the overall filter, I will let you watch 2 videos explaining how; FXI-RSIScalp indicator works & how this indicator have been automated to this EA FXI-RSIScalpEA.
The first video explains how FXI-RSIScalp indicator works
Second video explains how FXI-RSIScalpEA works.
I have NEVER used this EA, I have shared it as a reference point to programmers who may have interest in this idea.
To achieve even better results. Am humbly welcoming MT4 coders to contribute their wisdom towards combining “the power” of above system and a “Market fell filter” Recent strength indicator.
Am welcoming traders to READ FIRST this thread before attempting to trade a strategy I have described on the attached document. http://www.forexfactory.com/showthread.php?t=163158
Find attached tools & a description of a strategy.
FXI-RSIScalp indicator & tools
System description document.
Don't tell me the sky is the limit when there are footprints on the moon.