My Easy & Simple paper trading WORKS! Please make an EA | Forex Factory

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

  • #1
  • First Post: Aug 3, 2019 10:00am Aug 3, 2019 10:00am
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 !!
  • #2
  • Aug 4, 2019 4:00am Aug 4, 2019 4:00am
Hi,
Thank you so much for sharing.
Cheers
  • #3
  • Aug 4, 2019 5:36am Aug 4, 2019 5:36am
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!
  • #4
  • Aug 4, 2019 8:57am Aug 4, 2019 8:57am
[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.
  • #5
  • Aug 4, 2019 9:25am Aug 4, 2019 9:25am
Hi,

Forget it. Your idea is not profitable. Iīm sorry to say this. But trading is more than a simple RSI cross
  • #6
  • Aug 4, 2019 9:27am Aug 4, 2019 9:27am
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 | 658 downloads
  • #7
  • Aug 4, 2019 10:08am Aug 4, 2019 10:08am
It is not profitable...
  • #8
  • Aug 4, 2019 10:31am Aug 4, 2019 10:31am
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?
  • #9
  • Aug 4, 2019 10:52am Aug 4, 2019 10:52am
The way is profitable...
Only 2019..
  • #10
  • Aug 4, 2019 11:04am Aug 4, 2019 11:04am
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.
  • #11
  • Aug 4, 2019 11:21am Aug 4, 2019 11:21am
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?
  • #12
  • Aug 4, 2019 12:15pm Aug 4, 2019 12:15pm
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.
  • #13
  • Aug 4, 2019 1:35pm Aug 4, 2019 1:35pm
Where is SL?
  • #14
  • Last Post: Aug 4, 2019 1:44pm Aug 4, 2019 1:44pm
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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