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Attachments: My Easy & Simple paper trading WORKS! Please make an EA
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My Easy & Simple paper trading WORKS! Please make an EA

  • Post #1
  • Quote
  • First Post: Aug 3, 2019 11:00am Aug 3, 2019 11:00am
I try to test my method very easy and simple on daily chart.

And result in paper trade is look so good in 5 pair JAN 2019 - 2 Jul 2019 almost are profitable

E/U +466 pips
G/U +123 pips
U/J +162 pips
A/U +167 pips
G/J +469 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 426085.jpg Size: 102 KB


Trade set up

BUY when RSI(5) cross up 50 level
Open BUY order in next day and close order at end of day.

SELL when RSI(5) cross down 50 level
Open SELL order in next day and close order at end of day.

Attached Image (click to enlarge)
Click to Enlarge Name: RSI.png Size: 33 KB


* If possible who can make an EA for this system for back test them.
This method is not Holy Grail but if it can make profit in long term, i think is Work !!
Hi,
Thank you so much for sharing.
Cheers
Quoting noogolf
I try to test my method very easy and simple on daily chart. And result in paper trade is look so good in 5 pair JAN 2019 - 2 Jul 2019 almost are profitable E/U +466 pips G/U +123 pips U/J +162 pips A/U +167 pips G/J +469 pips {image} Trade set up BUY when RSI(5) cross up 50 level Open BUY order in next day and close order at end of day. SELL when RSI(5) cross down 50 level Open SELL order in next day and close order at end of day. {image} * If possible who can make an EA for this system for back test them. This method is not Holy Grail but if it...
Thanks for this piece man!
[quote=noogolf;12420038]I try to test my method very easy and simple on daily chart. And result in paper trade is look so good in 5 pair JAN 2019 - 2 Jul 2019 almost

By "next day" do you mean next day London open time? Thanks.
Hi,

Forget it. Your idea is not profitable. Iīm sorry to say this. But trading is more than a simple RSI cross
the only place success comes before work is in the dictionary
I made for you a short EA. Attached you can find your idea. You will see itīs not profitable.

Kind Regards

Ben

Attached File(s)
File Type: ex4 RSI_Cross.ex4   26 KB | 477 downloads
the only place success comes before work is in the dictionary
It is not profitable...
Quoting kleybenny
I made for you a short EA. Attached you can find your idea. You will see itīs not profitable. Kind Regards Ben {file}
Does the EA trigger after a 50 cross?
The way is profitable...
Only 2019..
Something isn’t right. My manual backtest for euraud, for 8/1/18 to 8/3/19, resulted in +373 pips. The EA result for the same period was +33 pips. The same spread was used for both tests.
Quoting ChicagoRob
Something isn’t right. My manual backtest for euraud, for 8/1/18 to 8/3/19, resulted in +373 pips. The EA result for the same period was +33 pips. The same spread was used for both tests.
Did you set tp and sl to 0?
the only place success comes before work is in the dictionary
If you buy and sell at the same time when the cross takes place. And tp half of both buy and sell when they reach 25 pips. Than bring the remaining trades to breakeven and restart at next cross.
You will have success.
Where is SL?
  • Post #14
  • Quote
  • Last Post: Aug 4, 2019 2:44pm Aug 4, 2019 2:44pm
I see you are using GMT+7 so what do you mean by the next day and the end of day ?
Is it NY close ?
Is it Tokyo open and new York close? Or something else ?

Quoting noogolf
..Trade set up BUY when RSI(5) cross up 50 level Open BUY order in next day and close order at end of day. SELL when RSI(5) cross down 50 level Open SELL order in next day and close order at end of day. {image} * If possible who can make an EA for this system for back test them. This method is not Holy Grail but if it can make profit in long term, i think is Work !!
I
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