M5/15 RSI 50/50 Test Journal | Page 27 | Forex Factory

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M5/15 RSI 50/50 Test Journal

  • #521
  • May 31, 2019 2:07am May 31, 2019 2:07am
it is only during a new situation when the system faces problems not encountered before that one looks for solution to improve it.
ITB - Seeing Orderliness amongst 'Randomness'
  • #522
  • May 31, 2019 6:07am May 31, 2019 6:07am
3 brp with 2b entry taken about one hour before NY open.
Hopefully the Daily Open will do its magnet thing with price.
Attached Image (click to enlarge)
Click to Enlarge Name: 29_EurUsd_M15_May31.png Size: 75 KB
  • #523
  • May 31, 2019 6:10am May 31, 2019 6:10am
Quoting Inthebox
it is only during a new situation when the system faces problems not encountered before that one looks for solution to improve it.
I like the way you keep things simple!
  • #524
  • May 31, 2019 6:36am May 31, 2019 6:36am
My internet down. Not trading.
Your trade. The best environment would be the macd below zero line (same as when price is under h1 50 sma), histogram red and macd cross below signal line. If want to enter ttrade earlier, next best is histogram red and macd cross below signal line (while macd still above zero line).
ITB - Seeing Orderliness amongst 'Randomness'
  • #525
  • May 31, 2019 6:42am May 31, 2019 6:42am
Quoting Inthebox
My internet down. Not trading. Your trade.
Sorry to hear that your internet is down - hope it gets corrected soon.

Quoting Inthebox
The best environment would be the macd below zero line (same as when price is under h1 50 sma), histogram red and macd cross below signal line. If want to enter ttrade earlier, next best is histogram red and macd cross below signal line (while macd still above zero line).
Like it is on this chart?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15_May31.png Size: 78 KB
  • #526
  • May 31, 2019 6:48am May 31, 2019 6:48am
pupShine, your macd in current tf is roughly about showing the same thing as rsi/tdi. You may want to consider using a mtf macd showing as h1 tf.
ITB - Seeing Orderliness amongst 'Randomness'
  • #527
  • May 31, 2019 7:00am May 31, 2019 7:00am
Quoting Inthebox
pupShine, your macd in current tf is roughly about showing the same thing as rsi/tdi. You may want to consider using a mtf macd showing as h1 tf.
Interesting idea - I'd like to try it.
Would I do that by multiplying my settings by four - i.e., the new settings would be (40, 200,36)?
  • #528
  • May 31, 2019 7:05am May 31, 2019 7:05am
Ouch.
My third full loss in a row.
Attached Image (click to enlarge)
Click to Enlarge Name: 29a_EurUsd_M15_May31.png Size: 76 KB
  • #529
  • May 31, 2019 7:14am May 31, 2019 7:14am
I see what you mean.
The MACD(40,200,36) does not favour a bear move.
Attached Image (click to enlarge)
Click to Enlarge Name: 29b_EurUsd_M15_May31.png Size: 76 KB
  • #530
  • May 31, 2019 7:24am May 31, 2019 7:24am
Now I'm waiting for a fractal break at support and a 2b retracement entry.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15_May31.png Size: 59 KB
  • #531
  • May 31, 2019 7:36am May 31, 2019 7:36am
Quoting pipShine
{quote} Interesting idea - I'd like to try it. Would I do that by multiplying my settings by four - i.e., the new settings would be (40, 200,36)?
Search for indicator MACD OsMA 4ColorH 2LVar mtf. I use the macd histogrm. You may prefer. Osma histogram.
ITB - Seeing Orderliness amongst 'Randomness'
  • #532
  • May 31, 2019 7:50am May 31, 2019 7:50am
Quoting Inthebox
{quote} Search for indicator MACD OsMA 4ColorH 2LVar mtf. I use the macd histogrm. You may prefer. Osma histogram.
Thanks!
  • #533
  • May 31, 2019 8:07am May 31, 2019 8:07am
In summary for H1.
Main Trend : 50SMA direction pointing down and red.
Favorable condition : PrIce below 50SMA (same as macd below zero line). Macd histogram red. Macd below signal line.
ITB - Seeing Orderliness amongst 'Randomness'
  • #534
  • May 31, 2019 8:16am May 31, 2019 8:16am
Quoting Inthebox
{quote} Search for indicator MACD OsMA 4ColorH 2LVar mtf. I use the macd histogrm. You may prefer. Osma histogram.
Could you please share you settings.
I've downloaded a couple of indicators but they all show up as a blank on my screen.
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: MACD OsMA 4ColorH 2LVar mtf.png Size: 126 KB
  • #535
  • May 31, 2019 9:01am May 31, 2019 9:01am
Quoting pipShine
{quote} Could you please share you settings. I've downloaded a couple of indicators but they all show up as a blank on my screen. Thanks. {image}
Hmmm ...... My default osmamultiplier 1.8.
Fastmamode 0
Slowmamode 0
Signalmamode 0
Osmamultiplier 1.8
Osmahisto false
Macdhisto true
Mabars 5000

Colors
Seagreen
Seagreen
Firebrick
Firebrick
Lime
Darkorange
ITB - Seeing Orderliness amongst 'Randomness'
  • #536
  • May 31, 2019 9:36am May 31, 2019 9:36am
2b retracement entry after candle closed under fractal support.
Let's hope it's not too late in the session for price to move.
Any suggestions for a target besides 1:1?
Attached Image (click to enlarge)
Click to Enlarge Name: 30_UsdJpy_M15_May30.png Size: 62 KB
  • #537
  • May 31, 2019 9:56am May 31, 2019 9:56am
Quoting Inthebox
{quote} Hmmm ...... My default osmamultiplier 1.8. Fastmamode 0 Slowmamode 0 Signalmamode 0 Osmamultiplier 1.8 Osmahisto false Macdhisto true Mabars 5000 Colors Seagreen Seagreen Firebrick Firebrick Lime Darkorange
Thanks, but still no luck.
I'm may try downloading another couple of versions.
But in the mean time, I'm just going to trade the system as is.
As you mentioned, all the information I need is already on my chart.
Have a great weekend!
  • #538
  • May 31, 2019 10:47am May 31, 2019 10:47am
Quoting pipShine
2b retracement entry after candle closed under fractal support. Let's hope it's not too late in the session for price to move. Any suggestions for a target besides 1:1? {image}
Look left for support resistance, previous day high low, day open, london open, pivot sr. Sometimes my tp is less than 1:1 like 1 risk : 0.8 reward (which can give more than 70% success rate.
ITB - Seeing Orderliness amongst 'Randomness'
  • #539
  • May 31, 2019 11:02am May 31, 2019 11:02am
Quoting Inthebox
{quote} Look left for support resistance, previous day high low, day open, london open, pivot sr. Sometimes my tp is less than 1:1 like 1 risk : 0.8 reward (which can give more than 70% success rate.
You said in Post #1 that you will set a target at 6 - 9 pips profit if you're not sure how far price may go.
You also say that you aim - and can usually get - 0.33% profit.
So then can I assume that you use an 18 - 27 pip S/L regardless of previous swing highs/lows?
  • #540
  • May 31, 2019 11:43am May 31, 2019 11:43am
Quoting pipShine
{quote} You said in Post #1 that you will set a target at 6 - 9 pips profit if you're not sure how far price may go. You also say that you aim - and can usually get - 0.33% profit. So then can I assume that you use an 18 - 27 pip S/L regardless of previous swing highs/lows?
First is to look for sr as mentioned in previous post.
If sr fits sl 8-12 pips, 0.8 is around 6-9 pips tp. Sl is not hard stop but to decide whether to exit trade or not by looking at candles.
Say with $10,000 capital, times 0.66 (two third) is to trade $6.6 per pip. So if winning 6-9 pips is $39-$59.
By winning 3 times is about 1% of capital.
All these are estimates and ratio / percentage can be adjusted to needs.
ITB - Seeing Orderliness amongst 'Randomness'
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