Quoting et_phonehome_2DislikedI tried using this today on the EURUSD, just to many bounces over/under the RSI 50 level along with the 3 MAs. Not so good, just too many whipsaws....Ignored
Happy trading...
Tkimble
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Quoting et_phonehome_2DislikedI tried using this today on the EURUSD, just to many bounces over/under the RSI 50 level along with the 3 MAs. Not so good, just too many whipsaws....Ignored
Quoting parlenkDislikedhmm...thx for share the system.but it's not the system amaze me..it's your spirit and wisdom.keep it cool.Ignored
Quoting et_phonehome_2DislikedI want to set my RSI Level to 51, 50 and 49, is there a way to show the gap between them by having it zoom in since it is hard to tell when it squeezes the levels together?Ignored
Quoting rogerhaDislikedTotally agree with all of your statements Paul, however I (appear) to be getting very different results from you. I only was able to spend a short amount of time looking at it yesterday, I will try and have another look later today. One thing that I definitely noticed though was the non-consistant use of the stop-loss on my data. Now, this could be my data, and that is why we are getting different results, on the other hand could it contribute to your execptional drawdown ?
Either way I need to spend some more time with it to be sure.
One thing I would ask though would be how long has tkimble actually been trading this, I got the impression it has been for quite some time ?Ignored
Quoting tkimbleDislikedI have traded this system into profitability. Can have losing weeks and infrequent losing months, but have never consecutive losing months. System, like most other trending systems can best be profiled as having profitable spirts with weeks of breakeven or minimal drawdown characteristcis...
Happy Trading,
TkimbleIgnored
Quoting parlenkDislikedWell i think no need to zoom.Just watch the data rite?..i.e:RSI(50) 51.6163. just like that.Ignored
Quoting alcastroDislikedTkimble, can you remind me on how do you trail your stops? I know the initial stop is at 50 pips. When do you start moving it, and by how much?
Thanks.Ignored
Quoting forexdanofsaDislikedThanks For The System, Do You Know If It Would Be Successful With Other CurrenciesIgnored
Quoting Mr TrendDislikedtk... as a proponent of trend systems, your system has peaked my interest. I'm forward testing it right now and will let you know in a month my thoughts...
It might be nice to add to my toolbox...
Happy Trading friend...Ignored
Quoting tkimbleDislikedI have adjusted the system from its original posting on this thread by adding the three 50 period averages. One each for the high, low and close. When the RSI is greater than 50 and the prices exceeds the High average, go long. When the RSI is less than 50 and the prices declines below the Low average, go short. Always use a 50 PIP stop...
Happy Trading,
TkimbleIgnored
Quoting alcastroDislikedAs I understand you are only trading the GBPUSD. If that is correct, there has not been a new trade for a long time. So forward testing this system might take some while. Am I correct?Ignored
Quoting parlenkDislikedYesterday u got the signal rite? as i wrote the rsi(50) 51.6163 example on this thread i enter long.and this system is a trending system so when in trending market u just need to catch the signal and enter the market.it can be long, long again and another long until it going to reversal.do you mean testing this system is like long and short? it can be just long action or vice versa.not always the mix of them.my opinion.Ignored
Quoting tkimbleDislikedThis system is now on up another 300 PIPS from the current long in the GBP/UDS market from 1.9505. Market at 1.9823 as I type.
Happy Trading,
TkimbleIgnored
Quoting CrestwindDislikedHi Tk,
I dont know if you have answered this before (Please forgive me if you have), but can you please tell us how long you have been trading this method? How long have you been trading FOREX overall?
ThanksIgnored