Simple RSI & EMA high Profitable ratio Strategy

Quoting swati58

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Hi Ahmed Abbas, I am Sajid Ahmed from Pakistan. Thank you for sharing your strategy. I am also using EMA's in my trading. I use 8 and 21 moving average along with 200SMA. I have subscribed to your thread. Hope we will share good setups and will have green pips.

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Quoting ahmedabbas

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{quote} Thank swati58 , in this strategy trader will trade on both side of RSI 50 Level.

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Quoting justomonla

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Must the cross of the rsi 50level and the cross of the two emas occur simultaneously to get a valid trade? thanks

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Quoting ahmedabbas

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Time frame : H1 , H4 In this Strategy , we use 3 indicators: 5-period Exponential Moving Average (EMA 5) applied to the Close. 12-period Exponential Moving Average (EMA 12) applied to the Close. 21-period RSI (RSI 21) Entry Rules for Long Trades: Its simple. We enter a long trade when EMA 5 crosses above EMA 12 to the upside AND our RSI 21 > 50. Entry Rules for Short Trades: Enter short when EMA 5 crosses EMA 12 to the downside. AND RSI 21 < 50. Stop loss = 20 30 pips depending on the volatility of the currency pair. For more volatile pair, like...

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Quoting lghr

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{quote} Thank you ahmedabbas. it is simple, but very profitable, by backtest manually.

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Quoting emmanuel7788

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{quote} Hi Ahmedabbas, I love trading strategy using the RSI and since I trade using RSI for more than 20 years. However, using the EMA crosses may not be the best add-on to the RSI strategy. Since you use the 5EMA, you may want to consider using the same 5-period MA but set that to show as a Price Channel instead. This way, you will eliminate the 'weak' crosses using the 5EMA /12EMA when market volatility is low and you can rely more on the price action and volatility. You do not need to rely on the EMA crosses but look at the price candles closing...

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int ticketBuy;
int ticketSell;
 
if (!GetCurrentOrders(p, out ticketBuy, out ticketSell))
       return false;
 
double ema1 = iMA(p.Symbol, PERIOD_H1, p.Ema1Period, 0, MODE_EMA, PRICE_CLOSE, 1);
double ema2 = iMA(p.Symbol, PERIOD_H1, p.Ema2Period, 0, MODE_EMA, PRICE_CLOSE, 1);
double rsi = iRSI(p.Symbol, PERIOD_H1, p.RsiPeriod, PRICE_CLOSE, 1);
double bid = MarketInfo(p.Symbol, MODE_BID);
double ask = MarketInfo(p.Symbol, MODE_ASK);
double currentLots = p.Lots;
if (ticketBuy == -1)
{
    if (ema1 > ema2 && rsi > 50)
    {
        int ok = OrderSend(p.Symbol, OP_BUY, currentLots, ask, 3, bid - p.StopLoss, 0, "RsiEma", p.MagicNumber);
        if (ok == -1)
            return false;
    }
}
else
{
    if (ema1 < ema2 || rsi < 50)
    {
        if (!OrderSelect(ticketBuy, SELECT_BY_TICKET))
            return false;
        bool ok = OrderClose(ticketBuy, OrderLots(), bid, 0);
        if (!ok)
            return false;
    }
}
if (ticketSell == -1)
{
    if (ema1 < ema2 && rsi < 50)
    {
        int ok = OrderSend(p.Symbol, OP_SELL, currentLots, bid, 3, ask + p.StopLoss, 0, "RsiEma", p.MagicNumber);
        if (ok == -1)
            return false;
    }
}
else
{
    if (ema1 > ema2 || rsi > 50)
    {
        if (!OrderSelect(ticketSell, SELECT_BY_TICKET))
            return false;
        bool ok = OrderClose(ticketSell, OrderLots(), bid, 0);
        if (!ok)
            return false;
    }
}

Quoting trenki2

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Hello ahmedabbas, I have backtested your strategy on EURUSD H1 1 Lot per trade and 30 pips SL using my own backtesting framework for the timeframe from 2001 to 2016. The program logic is as follows: int ticketBuy; int ticketSell; if (!GetCurrentOrders(p, out ticketBuy, out ticketSell)) return false; double ema1 = iMA(p.Symbol, PERIOD_H1, p.Ema1Period, 0, MODE_EMA, PRICE_CLOSE, 1); double ema2 = iMA(p.Symbol, PERIOD_H1, p.Ema2Period, 0, MODE_EMA, PRICE_CLOSE, 1); double rsi = iRSI(p.Symbol, PERIOD_H1, p.RsiPeriod, PRICE_CLOSE, 1); double bid = MarketInfo(p.Symbol,...

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Quoting hsn100

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Hi ahmedabbas! Congratulations on your thread, again nice to see somebody from my country. Hopefully you'll keep posting your charts as charts are great illustration of anybody's strategy, besides it will eliminate all the confusion among new traders. Wish u best of luck. Best regards,

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Quoting Xxfx

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Hi!looks good {image}

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Quoting ahmedabbas

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{image}

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