the RSI shows that the e/u will be down
my RSI trade strategy (using ea) 2020 60 replies
RSI cross indicator when rsi=50 19 replies
Interesting set up. Thanks for the post.
DislikedThank you kareem bhai..
The trendlines in the chart is done by an indicator, attached herewith.
The trendlines in RSI is manually drawn...
I use RSI 14, but after reading this thread, I also attached a 21 RSI and I tryto draw same line on both RSI's....
I also try to match the RSI trendline with chart trendlines...
I also used CCI, but I feel RSI is good...
Indicator note: disable drawing semafor and your chart will be neat..Ignored
It did not breaked 6593 level and went down.. At that time I was buying with another setup I felt is good, and I closed with 10 pips profit...
Then I got disconnection and when internet came back I can see this setup..
I sold on 6500, and now running on loss...
Possible targets see trendlines, 6400 (violet line) and 6300 (red line)..
DislikedDoes anyone here know how to right a simple expert advisor program? my parameters are simple.
When RSI(5) hits level of 20 I want to put in a buy order for 1 lot and an alarm go off.
I want it to sell the lot when 10 pips are reached.
If the price drops below 20 pips from where the buy was at I want to have the program sell the lot.
The question I would have, is if multiple candlesticks closed below the RSI (5) 20 level consectively would the program buy a lot on each candle (I definitely would not want that to happen)?
DislikedOh, just seen I did not given update of this trade...
It beautifully went down of 6400, then returned... it was 100 pips trade.. I got out on 40 pips something for some reason...
See the attached picture where price touched and played... (see the green signs)...Ignored
DislikedWe are a bit over sold for now. My guess is we will hit the line and continue going down