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MTF RSI Trading System

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  • Post #61
  • Quote
  • Edited at 6:31pm Sep 24, 2014 5:30pm | Edited at 6:31pm
  •  txfxtrader
  • | Joined Jan 2012 | Status: Member | 105 Posts
.
 
 
  • Post #62
  • Quote
  • Sep 24, 2014 6:49pm Sep 24, 2014 6:49pm
  •  bypasssbo
  • | Joined Sep 2014 | Status: Member | 53 Posts
Ok thanks I Will continue testing the system
 
 
  • Post #63
  • Quote
  • Sep 24, 2014 7:12pm Sep 24, 2014 7:12pm
  •  Groenie
  • | Joined Jun 2014 | Status: Member | 30 Posts
Took the UJ signal just after London close and I was just rewarded with another 30 pips
Attached Images (click to enlarge)
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  • Post #64
  • Quote
  • Sep 24, 2014 8:39pm Sep 24, 2014 8:39pm
  •  nsn14
  • | Joined Sep 2013 | Status: Member | 129 Posts
Quoting Groenie
Disliked
{quote} Ok mine started slowing down when I got to 42 pairs so yes it will slow down your computer with a lot of charts You can try Nonor's dashboard on the second page if you want to monitor a lot of charts: http://www.forexfactory.com/showthre...19#post7746519
Ignored
Hi groenie,Thanks for reply,I monitor almost 10 pairs with hitman indicator. I tried nonor dashboard but it doesn't show me all 87 pairs as claimed by nonor. May be it could be due to the size of monitor?Another question regarding your entries: how do you execute your entries? Which timeframe you use?I am a bit confuse of the entry rule here...Let say I see all RSI turn green, I can execute Market Buy at ANY TIMEFRAME? Or we need to go to each timeframe to choose those RSI with oversold level?
 
 
  • Post #65
  • Quote
  • Sep 25, 2014 12:07am Sep 25, 2014 12:07am
  •  orid
  • Joined Jun 2013 | Status: Member | 608 Posts
Txfxtrader thanks for sharing this looks good ,subscribed,
regards Orid peter
 
 
  • Post #66
  • Quote
  • Sep 25, 2014 4:32am Sep 25, 2014 4:32am
  •  Groenie
  • | Joined Jun 2014 | Status: Member | 30 Posts
Quoting nsn14
Disliked
{quote} Hi groenie,Thanks for reply,I monitor almost 10 pairs with hitman indicator. I tried nonor dashboard but it doesn't show me all 87 pairs as claimed by nonor. May be it could be due to the size of monitor?Another question regarding your entries: how do you execute your entries? Which timeframe you use?I am a bit confuse of the entry rule here...Let say I see all RSI turn green, I can execute Market Buy at ANY TIMEFRAME? Or we need to go to each timeframe to choose those RSI with oversold level?
Ignored
Hi nsn14

Yes, the screen size may be cutting off the rest of the pairs. They may be there, you just cant see them. With 10 pairs the hitman indi should not be slowing down your computer, I will try to create a lite version of it and strip some code to see if it can be faster.

As for entries, it is relatively straight forward:

1. The timeframe of the chart you are on does not matter, you can be on any timeframe you want. The indicator looks at the 7 default timeframes for you, it does not use the timeframe you are on for anything. You can set it to monthly and still see the relevant signals.

2. When all entry conditions are met, you can execute a market order on any timeframe, you don't need to move from the timeframe you are on.
Example: (see the attached image)
All RSI bars are blue (bullish)
Spread is below 40 (4)
ADR is above 60
That means you should execute a Market Buy

Personally I have 2 quick scripts (buy/sell) that I just drag onto the chart when I get a valid signal, it opens the position and automatically sets the SL at 20 & the TP at 30.

I hope that clears things up for you
Attached Image
 
 
  • Post #67
  • Quote
  • Sep 25, 2014 6:11am Sep 25, 2014 6:11am
  •  nonor
  • | Joined Feb 2009 | Status: Member | 110 Posts
coming soon...but released only if someone interested...
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No more Fight, the victory has come...
 
1
  • Post #68
  • Quote
  • Sep 25, 2014 7:21am Sep 25, 2014 7:21am
  •  budidharma19
  • | Joined Aug 2013 | Status: Member | 213 Posts
Quoting nonor
Disliked
coming soon...but released only if someone interested... {image}
Ignored
Dear NONOR,...

Of course I am interesting,....

Wait for your fantastic dashboard,...

Green Pips,

Budi
 
 
  • Post #69
  • Quote
  • Sep 25, 2014 7:28am Sep 25, 2014 7:28am
  •  profitmonit
  • | Joined May 2010 | Status: Member | 104 Posts
Hi, maybe better to wright an ea to check profitability?
Aut cum scuto, aut in scuto
 
 
  • Post #70
  • Quote
  • Sep 25, 2014 7:43am Sep 25, 2014 7:43am
  •  fguru
  • | Joined Apr 2010 | Status: Member | 288 Posts
Quoting Groenie
Disliked
{quote}Personally I have 2 quick scripts (buy/sell) that I just drag onto the chart when I get a valid signal, it opens the position and automatically sets the SL at 20 & the TP at 30. I hope that clears things up for you
Ignored
Hi Groenie, could you please share these scripts? Thanks.
 
 
  • Post #71
  • Quote
  • Sep 25, 2014 9:40am Sep 25, 2014 9:40am
  •  jusiur
  • Joined Oct 2010 | Status: Member | 645 Posts
me too, I`m very RSI & MTF fan, thks.
Humble & Kalcker CLO2 = Covid killer
 
 
  • Post #72
  • Quote
  • Sep 25, 2014 9:56am Sep 25, 2014 9:56am
  •  Groenie
  • | Joined Jun 2014 | Status: Member | 30 Posts
Quoting nonor
Disliked
coming soon...but released only if someone interested... {image}
Ignored
Definately interested That one looks great Nice work

Quoting fguru
Disliked
Hi Groenie, could you please share these scripts? Thanks.
Ignored
Please find the scripts attached fguru, try them on a demo first to get comfortable with them. You can edit the default values inside metaeditor.
Attached Image (click to enlarge)
Click to Enlarge

Name: quickscripts.jpg
Size: 119 KB
Attached Files
File Type: mq4 Q_BUY.mq4   3 KB | 938 downloads
File Type: mq4 Q_SELL.mq4   3 KB | 892 downloads
 
 
  • Post #73
  • Quote
  • Sep 25, 2014 10:22am Sep 25, 2014 10:22am
  •  fguru
  • | Joined Apr 2010 | Status: Member | 288 Posts
Thank you Groenie!

Hi jusiur, it's great to see more RSI and MTF fans.
 
 
  • Post #74
  • Quote
  • Sep 25, 2014 10:22am Sep 25, 2014 10:22am
  •  nonor
  • | Joined Feb 2009 | Status: Member | 110 Posts
Ok, will released this evening, thank you for your interest
No more Fight, the victory has come...
 
 
  • Post #75
  • Quote
  • Sep 25, 2014 10:49am Sep 25, 2014 10:49am
  •  olcanil
  • | Joined Feb 2014 | Status: Member | 6 Posts
Hey nonor,I am interested too.
 
 
  • Post #76
  • Quote
  • Sep 25, 2014 11:48am Sep 25, 2014 11:48am
  •  orid
  • Joined Jun 2013 | Status: Member | 608 Posts
Quoting nonor
Disliked
Ok, will released this evening, thank you for your interest
Ignored
yes please nonar
much appreciated
Regards orid peter
 
 
  • Post #77
  • Quote
  • Sep 25, 2014 1:47pm Sep 25, 2014 1:47pm
  •  bypasssbo
  • | Joined Sep 2014 | Status: Member | 53 Posts
Me too, thanks nonor
 
 
  • Post #78
  • Quote
  • Sep 25, 2014 5:20pm Sep 25, 2014 5:20pm
  •  Jhlewis10
  • | Joined Jan 2014 | Status: Member | 490 Posts
So my spread is .4 pips and hitman is reading it as 4 is this correct?

Thanks.
 
 
  • Post #79
  • Quote
  • Edited Sep 26, 2014 4:45am Sep 25, 2014 5:28pm | Edited Sep 26, 2014 4:45am
  •  nonor
  • | Joined Feb 2009 | Status: Member | 110 Posts
Hello

After intensive testing the definitive MTFRSI dashboard is available, compiled in MT4 670 , please find it below.
Some improvements added to the previous release :

- PAIRS LISTS : pair and other instruments could be set in two lists, mono instrument, like _NQ100 or UK100.Z are also take into account, the separator
is ; (semicolon)

- BLOCK MODE available like previous dashboard , the color give the level of RSI(55) of previous bar related to level 50.

- ARROW MODE : the direction of the arrows give the direction of the RSI of the present bar related to the previous bar, the color of the arrow
match the block mode, so two info available in this mode...

- PRICEcolumn
- ADR(0) and ADR(5) columns
- SPREAD column
- SORTING added : ascending and descending available for : PAIR, ADR(0), ADR(5), SPREAD
- ADR and SPREAD Font color match the condition of MTF RSI system : red : ADR(5)<60 or SPREAD>4, green Ok.
- default level and period match the MTF_RSI system

what is not yet implemented :

color sort : trying to affect weight to timeframe and color but no success, if you have idea...

space-time warp : to be sure to be in the right direction....but need nuclear fusion reactor....

your feedback welcome.
Attached Image (click to enlarge)
Click to Enlarge

Name: dashRsi.jpg
Size: 150 KB
Attached File
File Type: ex4 dashboardMTFRSI.ex4   73 KB | 1,762 downloads
No more Fight, the victory has come...
 
2
  • Post #80
  • Quote
  • Sep 26, 2014 7:08am Sep 26, 2014 7:08am
  •  Groenie
  • | Joined Jun 2014 | Status: Member | 30 Posts
Quoting Jhlewis10
Disliked
So my spread is .4 pips and hitman is reading it as 4 is this correct? Thanks.
Ignored
Hi Jhlewis, Hitman reads it in points, not pips, I will change it in the next update

Quoting nonor
Disliked
After intensive testing the definitive MTFRSI dashboard is available
Ignored
Amazing work man thanks for the time and effort you put into it
 
 
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