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Daily Trading Strategy [ADR + RSI = High Probability]

  • #161
  • Aug 5, 2020 12:21pm Aug 5, 2020 12:21pm
Quoting aliswee
Great strategy again Zoheb, might have to code this up as an EA in MT4! Will come back soon with the results
Would be great! Looking forward to hearing from you!
  • #162
  • Aug 5, 2020 12:28pm Aug 5, 2020 12:28pm
Why do so many want to sit back and wait for an EA? Trading takes work, there is no such thing as free lunches in the market. It took me 8 years to develop a portfolio of automated equity strategies

why not load the indicators and test the strategy? ... understand what the edge is
  • #163
  • Aug 5, 2020 12:32pm Aug 5, 2020 12:32pm
my last trade for today

Nzdjpy 13 pips
before
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy before.JPG Size: 110 KB

after
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy close.JPG Size: 114 KB
"Cut your loses short and let the winners Run"
  • #164
  • Aug 5, 2020 12:35pm Aug 5, 2020 12:35pm
Quoting meck1
{quote} They were there before the ADR meaning it was already over bought and the ADR was the the last overbought requirement. Well that's what I think. It's been a while I saw the OP maybe he might explain better
According to my understanding we should be seeing RSI arrows after ADR is hit. Maybe master Zoheb01 can clear this up

Anyway, nice trades for the day. Well done
  • #165
  • Aug 5, 2020 12:41pm Aug 5, 2020 12:41pm
7 won
1 lost
+118pips today's trades
"Cut your loses short and let the winners Run"
  • #166
  • Aug 5, 2020 12:42pm Aug 5, 2020 12:42pm
Quoting PipBros
{quote} According to my understanding we should be seeing RSI arrows after ADR is hit. Maybe master Zoheb01 can clear this up Anyway, nice trades for the day. Well done
It would be nice to hear from Zoheb01 . Ild really like to thank him publicly for this. It looks promising
"Cut your loses short and let the winners Run"
  • #167
  • Aug 5, 2020 12:48pm Aug 5, 2020 12:48pm
Quoting meck1
{quote} It would be nice to hear from Zoheb01 . Ild really like to thank him publicly for this. It looks promising
Yeah me too. I thought it was only a valid setup if the arrow showed up after hitting the RSI, but your trades are proving otherwise. Might just be good for a quick few pips and then out and wait again...? Might have something to do with the value of the horizontal line like we were discussing before? Would be nice too if Zoheb could weigh in on all this
Green pips to all
  • #168
  • Aug 5, 2020 12:55pm Aug 5, 2020 12:55pm
Quoting ScorpioForex
{quote} Yeah me too. I thought it was only a valid setup if the arrow showed up after hitting the RSI, but your trades are proving otherwise. Might just be good for a quick few pips and then out and wait again...? Might have something to do with the value of the horizontal line like we were discussing before? Would be nice too if Zoheb could weigh in on all this
Il just try and stick to the info on the video and post every day and hopefully by month end will have enough data to see how profitable it is and if it needs tweeking
"Cut your loses short and let the winners Run"
  • #169
  • Aug 5, 2020 1:27pm Aug 5, 2020 1:27pm
Quoting PipBros
{quote} What is wrong with the PA? Also not following your comment regarding the MACD above/below the zero line. Did most your trades conform to that logic or not? Apart from the MACD being above zero for short and the opposite for longs, their might be value having divergence
++++++++++++++++++++
Reference to MacD "0" line, means taking the level you draw yourself, compared to Actual MacD 0 line.

Look @ 1st chart on Post 134. The line I drew, shows up as 0.107, clearly above MacD 0 level.

What I've observed on many set ups, is the cases in which hand drawn levels are on the same side of direction you're coming from, results "Appear" to be better. Please don't take my word for it. Do your own analysis.
  • #170
  • Aug 5, 2020 1:43pm Aug 5, 2020 1:43pm
Hello all

for this time my trades of day ( running AUD/NZD, USD/CHF, EUR/USD, EUR/JPY )
Attached Image (click to enlarge)
Click to Enlarge Name: Capture AUDJPY.PNG Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Capture AUDUSD.PNG Size: 21 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Capture NZDJPY.PNG Size: 31 KB
  • #171
  • Aug 5, 2020 1:49pm Aug 5, 2020 1:49pm
Quoting varseb
Hello all for this time my trades of day ( running AUD/NZD, USD/CHF, EUR/USD, EUR/JPY ){image}{image}{image}
Nice
"Cut your loses short and let the winners Run"
  • #172
  • Aug 5, 2020 1:57pm Aug 5, 2020 1:57pm
Quoting ScorpioForex
{quote} Yeah me too. I thought it was only a valid setup if the arrow showed up after hitting the RSI, but your trades are proving otherwise. Might just be good for a quick few pips and then out and wait again...? Might have something to do with the value of the horizontal line like we were discussing before? Would be nice too if Zoheb could weigh in on all this
His only looser for today didn't have RSI arrows
  • #173
  • Aug 5, 2020 2:03pm Aug 5, 2020 2:03pm
running USD/CHF
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 26 KB
  • #174
  • Aug 5, 2020 2:05pm Aug 5, 2020 2:05pm
Quoting meck1
{quote} Nice
Thanks,

you perfect today, top
  • #175
  • Aug 5, 2020 3:26pm Aug 5, 2020 3:26pm
Quoting meck1
Audusd Tp 15 pips before{image} after {image}
Hi, what settings do You have for RSI indicator? My AUD/USD don't have any arrows today.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 45 KB
  • #176
  • Aug 5, 2020 4:13pm Aug 5, 2020 4:13pm
i've close manually my trade in progress AUD/NZD, USD/CHF, EUR/USD, EUR/JPY
Attached Image (click to enlarge)
Click to Enlarge Name: Capture EURJPY.PNG Size: 29 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Capture EURUSD.PNG Size: 31 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Capture NZDJPY.PNG Size: 31 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Capture USDCHF.PNG Size: 22 KB

And results of the day: (total 101 PIPS)
Attached Image (click to enlarge)
Click to Enlarge Name: Capture results of the day.PNG Size: 28 KB
  • #177
  • Aug 5, 2020 4:16pm Aug 5, 2020 4:16pm
Quoting laksior
{quote} Salut, quels paramètres avez-vous pour l'indicateur RSI? Mon AUD / USD n'a pas de flèches aujourd'hui. {image}
for info thi is my graphique AUD/USD
Attached Image (click to enlarge)
Click to Enlarge Name: Capture audusd ff.PNG Size: 21 KB

and my parameters (default)
Attached Image
  • #178
  • Aug 5, 2020 4:18pm Aug 5, 2020 4:18pm
Quoting laksior
{quote} Hi, what settings do You have for RSI indicator? My AUD/USD don't have any arrows today. {image}
Hie it's just the same one's on the first page. I uploaded my template I use in zip called adr-rsi-macd if it might help
"Cut your loses short and let the winners Run"
  • #179
  • Aug 5, 2020 4:33pm Aug 5, 2020 4:33pm
Quoting meck1
{quote} Hie it's just the same one's on the first page. I uploaded my template I use in zip called adr-rsi-macd if it might help
I know what's going on. You have RSI_price set to Typical Price, but should be Close Price.
  • #180
  • Aug 5, 2020 4:37pm Aug 5, 2020 4:37pm
Quoting laksior
{quote} I know what's going on. You have RSI_price set to Typical Price, but should be Close Price.
Good observation , from the looks of the results I guess I'll stick to my settings tho
"Cut your loses short and let the winners Run"
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