I looked for divergence indicators and found this one called rsx nrp reg histo_mtf+divergence nmc attached below. i put it on 1min chart, default settings. then put MA angle alert, also below on 30min chart to decide the trend. I set it to SMMA, and period 50.
entry is,
when SMMA turns bull, look at 1min chart, and wait for RSX shows buy signal(up arrow). SL is 7(including spread) then take profit is 40.
when SMMA turns bear, look at 1min chart and wait for RSX shows sell signal(down arrow). SL and TP is the same.
I looked at chart from mid october 2014 and it seems to make good profit.
but from the end of oct or to beginning of november, it makes a lot of SL because on 30min chart, it's a bit range market and makes a lot of stop losses.
but, expect that time, it seems to make good profits. I know it's very simple but I just don't know how to add more filters to this.
take a look at it, I think you may like the result you see while it makes good profit.. I like this divergence indicator because I can set small stop loss and set big take profit.
I think it could make around 200pips a month or more, but I need help to make it work when it's in range market.
hope some people here can get inspiration or something from this.
your feedback is greatly appreciated! thank you.
Merry Christmas.
entry is,
when SMMA turns bull, look at 1min chart, and wait for RSX shows buy signal(up arrow). SL is 7(including spread) then take profit is 40.
when SMMA turns bear, look at 1min chart and wait for RSX shows sell signal(down arrow). SL and TP is the same.
I looked at chart from mid october 2014 and it seems to make good profit.
but from the end of oct or to beginning of november, it makes a lot of SL because on 30min chart, it's a bit range market and makes a lot of stop losses.
but, expect that time, it seems to make good profits. I know it's very simple but I just don't know how to add more filters to this.
take a look at it, I think you may like the result you see while it makes good profit.. I like this divergence indicator because I can set small stop loss and set big take profit.
I think it could make around 200pips a month or more, but I need help to make it work when it's in range market.
hope some people here can get inspiration or something from this.
your feedback is greatly appreciated! thank you.
Merry Christmas.
Attached File(s)
rsx nrp reg histo_mtf+divergence nmc.mq4
17 KB
|
793 downloads
MA_Angle_Alert (2).mq4
9 KB
|
652 downloads