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The end of "science" trading strategy

  • #341
  • Mar 17, 2018 11:14pm Mar 17, 2018 11:14pm
RSI- another feature: confirm the trend then wait for entry condition
this concept has been explained in detail in arabicTrader.com here: (for Arabic readers i hope to help and translate here in FF)
http://forum.arabictrader.com/t244441.html
and was highlighted again in MAHAL thread, in "TRADING SYSTEM" forum, here:
https://www.forexfactory.com/showthread.php?t=739623
in this thread, absolutely we will mouth too much about it.
we may recommend on daily basis for chances generated by RSI-Concept (confirm the trend then wait for entry condition)
Forex Philosopher
  • #342
  • Edited 11:33pm Mar 17, 2018 11:21pm | Edited 11:33pm
Quote
RSI- another feature confirm the trend then wait for entry condition
in simple words:

1) confirm the trend:
-----a) if RSI crosses 70, we say trend is "UP"
-----b) if RSI crosses 30, we say trend is "DN"
2) Entry Condition:
-----a) if trend is "UP"--we wait RSI to reach 40, then we get in "BUY"
-----b) if trend is "DN"--we wait RSI to reach 60, then we get in "SELL"
3) Exit Condition:
-----a) Exit of "BUY" : we wait RSI to cross 60 DN (by common sence it will cross it up first, since it comes from 40)
-----b) Exit of "SELL" : we wait RSI to cross 40 UP . . . . .BLA BLA
4) Stop Loss:
-----a) SL of "BUY" : if RSI crossed 30 DN
-----b) SL of "SELL" : if RSI crossed 70 UP
so:
BUY: 70/40/60 -----> confirmation/entry/exit
SELL: 30/60/40 ----> confirmation/entry/exit
Forex Philosopher
  • #343
  • Mar 17, 2018 11:31pm Mar 17, 2018 11:31pm
charted example:
70: trend up
40: entry condition satsified
60: exit
Attached Image
Forex Philosopher
  • #344
  • Mar 17, 2018 11:38pm Mar 17, 2018 11:38pm
Another example: 70/40/60
Attached Image
Forex Philosopher
  • #345
  • Mar 17, 2018 11:42pm Mar 17, 2018 11:42pm
3rd example: 70/60/40 (be careful: not 70/40/60)
why this "SELL" position is still open?
ans: it does not cross 40 UP---look at the advantage of waiting!
cross 30 down: ok it DN trend.
cross 60: OK-- SELL NOW
do not cross 79: we avoid SL
cross 40 DN, later on will cross UP--then exit!
Attached Image
Forex Philosopher
  • #346
  • Mar 17, 2018 11:53pm Mar 17, 2018 11:53pm
assume you are hurrying up == "stupid behavior" --- and decided your exit to be "when RSI crosses 40 down", (you can't wait until it cross it up)
look at picture!! we miss a lot!! it is really stupid behavior!
one of our main principals here to "destroy" stupid way of trading!!
I think all here, - if not all, at least the majority- agree with me that "hastiness" is a reckless behavior and nobody welcome it in anyway!
Attached Image
Forex Philosopher
  • #347
  • Mar 17, 2018 11:58pm Mar 17, 2018 11:58pm
now we finish this part RSI: 70/40/60 ()70/60/40--which is AMONG main parts of MAHAL,
in old posts here we emphasized our reliance on MAHAL.
RSI, is just one feature of MAHAL.
Forex Philosopher
  • #348
  • Mar 18, 2018 4:30am Mar 18, 2018 4:30am
Quoting Master-Mind
{quote} wrong answer. {quote}
Hahahha... That's the best answer. I like it! This answer show me all times who not have credibility.

Good luck! Have fun!
  • #349
  • Mar 18, 2018 7:22am Mar 18, 2018 7:22am
Quoting Master-Mind
charted example: 70: trend up 40: entry condition satsified 60: exit {image}
Nice thread and strategy / concepts here. Thks.
What if . . . you smooth a bit the RSI behavior, please check red line, template attached.
Attached Image (click to enlarge)
Click to Enlarge Name: smoothed RSI mode.png Size: 32 KB
Attached File(s)
File Type: tpl smoothed RSI mode template.tpl   2 KB | 396 downloads
Humble & Kalcker CLO2 = Covid killer
  • #350
  • Mar 18, 2018 7:52am Mar 18, 2018 7:52am
Since I am new in FF, I cannot subscribed you at this moment. But Hopefully I can follow this interesting concepts
Thanks for sharing
  • #351
  • Mar 18, 2018 9:30am Mar 18, 2018 9:30am
Quoting jusiur
{quote} Nice thread and strategy / concepts here. Thks. What if . . . you smooth a bit the RSI behavior, please check red line, template attached. {file} {image}
Nice, anything may SOLVE two problems is appreciated here:
1) lessen number of crosses
2) enhance entry point!
Forex Philosopher
  • #352
  • Mar 18, 2018 9:50am Mar 18, 2018 9:50am
hi guyz congrats on the thread im loving to read the concepts and trying to wrap my head in the forex math and the rest. I asking sorry in advance for some newbie questions.
  • #353
  • Mar 18, 2018 9:55am Mar 18, 2018 9:55am
it was coded again, i hate "templates"-- i never use it!
Inserted Code
#property indicator_separate_window
#property indicator_minimum    0
#property indicator_maximum    100
#property indicator_buffers    3
#property indicator_color1     clrYellow
#property indicator_color2     clrRed
#property indicator_color3     clrLime
#property indicator_level1     30.0
#property indicator_level2     70.0
#property indicator_level3     50.0
#property indicator_level4     40.0
#property indicator_level5     60.0
#property indicator_level6     20.0
#property indicator_level7     80.0
#property indicator_levelcolor clrWhite
#property indicator_levelstyle STYLE_DOT
input int InpRSIPeriod=14;
double Buffer_1[];
double Buffer_2[];
double Buffer_3[];
string pair1=Symbol();
string pair2;
string pair3;
int OnInit(void)
{
   IndicatorBuffers(3);
   SetIndexBuffer(0,Buffer_1);
   SetIndexBuffer(1,Buffer_2);
   SetIndexBuffer(2,Buffer_3);
   return(INIT_SUCCEEDED);
}
//+-----------------------------
int OnCalculate(const int rates_total,    const int prev_calculated,
                const datetime &time[],   const double &open[],
                const double &high[],     const double &low[],
                const double &close[],    const long &tick_volume[],
                const long &volume[],     const int &spread[])
{
   for(int i=0; i<Bars-15; i++)
      Buffer_1[i]=iRSI(NULL,0,InpRSIPeriod,PRICE_CLOSE,i);
      for( i=0; i<Bars-65; i++)      Buffer_3[i]=(Buffer_1[i+4]+Buffer_1[i+3]+Buffer_1[i+2]+Buffer_1[i+1]+Buffer_1[i+0])/5.0;
   return(rates_total);
}
Forex Philosopher
  • #354
  • Mar 18, 2018 9:57am Mar 18, 2018 9:57am
similar to you picture,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-j-m-financial-2.png Size: 41 KB
Forex Philosopher
  • #355
  • Mar 18, 2018 10:05am Mar 18, 2018 10:05am
Quoting Msmaximus
hi guyz congrats on the thread im loving to read the concepts and trying to wrap my head in the forex math and the rest. I asking sorry in advance for some newbie questions.
welcome
start here please, then come back:
math basics: https://www.forexfactory.com/showthread.php?t=657810
Forex Philosopher
  • #356
  • Mar 18, 2018 10:10am Mar 18, 2018 10:10am
compiled file and attached to my chart.
That was fast and better calculated !
Will test your 342 post rules these week.
I only use RSI in my trading, but I have extrapolate it to main chart cause there is more information in the interaction activity with price itself.
Humble & Kalcker CLO2 = Covid killer
  • #357
  • Mar 18, 2018 10:16am Mar 18, 2018 10:16am
Quote
That was fast and better calculated !
your thread, always appreciated,
regarding "Fast", your may be faster
but for calc: i do not trust any body in math matters, except myself.
see equation in the code--very clear and simple, and no way for wrong results.
Forex Philosopher
  • #358
  • Mar 18, 2018 11:45am Mar 18, 2018 11:45am
70 or 75
30 or 25
better choice, to wait opposite cross, either 70 or 75, . . .
Attached Image
Forex Philosopher
  • #359
  • Mar 18, 2018 11:52am Mar 18, 2018 11:52am
what is better to trade USD pairs, or non-USD pairs?
ans: absolutely: non-USD pairs

why 95% of traders are losing on continuous basis?
ans: they usually trade EURUSD, GBPUSD, etc ...

these Dollaric pairs, you analyzed it once. Reason: they are technical pairs.
but pairs like GBPNZD, you analyzed 3 times,
GBPNZD=GBPUSD/NZDUSD ---- therefore:
1) you analyze numerator: NZDSUD
2) you analyze denominator: GBPUSD
3) you analyze GBPNZD itself.

use your common-sense!! ??
what is better to trade: pairs that you should analyze 3 times, or pair that can not be analyzed more than ONE time.

from now and on lets us use term "stupid trading" when we trade dollaric pairs, and use term "smart trading" when we trade non-dollaric pairs.
do you like to be stupid or smart?
you may look at these words as subjective, but future experience will change stubborn minds!
Forex Philosopher
  • #360
  • Mar 18, 2018 12:03pm Mar 18, 2018 12:03pm
Quoting WillyW0nka
Since I am new in FF, I cannot subscribed you at this moment. But Hopefully I can follow this interesting concepts Thanks for sharing
you can
it is polite if i convince you to subscribe,
if not ignore me, as simple as that.
when you subscribe you build a barrier against people playing in dark here against me! those people with undeserved red tags!!
it is ethical to estimate and then do freely the right thing

do you know last week two of red-tag members(seniors) due to jealousy reasons suspended my name twice!! misuse of conduct!!
do you accept that!!

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Attached Image
Forex Philosopher
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