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  • #361
  • Apr 22, 2020 10:43pm Apr 22, 2020 10:43pm
Quoting jacktrader1
{image} AU short. Price below Ema, and rsi below 50. aiming previous low.
I would love for LauraT to chime in here...

Your RSI meter at the bottom is way out of whack. Would you want this trade given the lack of congruence across many timeframes?
  • #362
  • Apr 22, 2020 10:44pm Apr 22, 2020 10:44pm
Quoting Loftboy
{quote} Hi Erebus, Good to see you here, your comments would be welcome. No EA junkies on this thread. I'm guessing Brewer St. would be closed, so you've probably got more time on your hands. I'm round the corner from you in Ernest St.
I’m only just reading this now. Yes, they are closed, hard to social distance and you know what

Actually, the Monday Tuesday method might be a good way to select pairs to trade with this method, using them for the direction

See ya later
It takes a lot for me to IGNORE you, but you can try.
  • #363
  • Apr 22, 2020 11:05pm Apr 22, 2020 11:05pm
Quoting tradeChaser
{quote} I would love for LauraT to chime in here... Your RSI meter at the bottom is way out of whack. Would you want this trade given the lack of congruence across many timeframes?
That's not RSI meter. It's a meter showing price above/below 200 sma on MTF.

His trade was actually a good one, according to rules. RSI below 50, channel below and near 200, short entry at top of channel. Even his sma meter was fine... Sure M15 and M1 was green but his HTF M30 and H1 supported short (also M5 was red).
In other news: A ranger was trapped between a bull and a bear
  • #364
  • Apr 22, 2020 11:07pm Apr 22, 2020 11:07pm
Quoting digiff
{quote} That's not RSI meter. It's a meter showing price above/below 200 sma on MTF. His trade was actually a good one, according to rules. RSI below 50, channel below and near 200, short entry at top of channel. Even his sma meter was fine... Sure M15 and M1 was green but his HTF M30 and H1 supported short (also M5 was red).
This is what I was looking for. Not to take away from his decision, but to get the clarification you provided. I clearly misunderstood the dash!
  • #365
  • Apr 22, 2020 11:29pm Apr 22, 2020 11:29pm
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short scalp.

EJ, price decently away from sma 200, but rsi is red. plus the price action showing sell pressure from top.

is this trade ok?

sorry im quite new to this
  • #366
  • Apr 23, 2020 12:22am Apr 23, 2020 12:22am
First trade with this method. Setup looked good as channel was hovering the baseline, with RSI nicely in the red, and confirmed with HTF dashboard. But got spiked out pretty quickly.

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  • #367
  • Apr 23, 2020 1:03am Apr 23, 2020 1:03am
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EJ. Price near sma200 and bounced back with rejection. RSI red, channel under sma200. aiming for previous low.
  • #368
  • Apr 23, 2020 1:29am Apr 23, 2020 1:29am
Quoting jacktrader1
{image} EJ. Price near sma200 and bounced back with rejection. RSI red, channel under sma200. aiming for previous low.
I think your MA is exponential
  • #369
  • Apr 23, 2020 1:31am Apr 23, 2020 1:31am
Quoting Detto
{quote} I think your MA is exponential
nope. simple ma
  • #370
  • Apr 23, 2020 1:43am Apr 23, 2020 1:43am
Quoting jacktrader1
{quote} nope. simple ma
Ahhh my mistake your on M15 not M5
  • #371
  • Apr 23, 2020 1:46am Apr 23, 2020 1:46am
Maybe it's too early to go long
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  • #372
  • Apr 23, 2020 1:56am Apr 23, 2020 1:56am
Quoting ingob
Maybe it's too early to go long {image}
The RSI reading is short so I don't think that qualifies.
  • #373
  • Apr 23, 2020 1:58am Apr 23, 2020 1:58am
Hi Laura,

How do you treat pre market signals? Check out the FTSE here. RSI could be a bit higher but otherwise checks the boxes? 5 minutes before London open is probably too risky a move though correct?
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  • #374
  • Apr 23, 2020 2:03am Apr 23, 2020 2:03am
Quoting Loftboy
{quote} Not that this is your problem, but I haven't been able to install any indicators since I got Windows 10. I do all the things I've done for years, they appear in my indicators folder, but they don't appear in the list of indicators in the Navigator window, so I can't get them onto my charts. They all seem to download in a WinZip file, which I can't open. Therefore I can't follow this system because I can't get the levels you use or the MTF RSI or the red/green thingy in the corner. Never mind. You are a star for giving all the help that you...
It could be that you need to remove a few existing indicators. Try temporarily moving a batch out of your indicators folder and then refreshing your navigator window.
  • #375
  • Apr 23, 2020 2:10am Apr 23, 2020 2:10am
Quoting mUrfo
Hi Laura, How do you treat pre market signals? Check out the FTSE here. RSI could be a bit higher but otherwise checks the boxes? 5 minutes before London open is probably too risky a move though correct? {image}
Yes, definitely too close to open. I do trade the dow pre-open but I tend to get flat just before the actual open.
  • #376
  • Apr 23, 2020 2:24am Apr 23, 2020 2:24am
Attempting UJ m5. Stop is quite close and a few hurdles in the way. Probably not the best of all. I will try to manage accordingly...
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  • #377
  • Apr 23, 2020 2:33am Apr 23, 2020 2:33am
Quoting jado911
This is an Expert Advisor that only sends signals (it does not open position) for Buy signals : Candle high < MA 8 applied to low Price Ask >= MA 200 ASK <= MA 8 applied to low MA 8 applied to high > MA 200 RSI Trend > RSI High(input value)\ when all conditions are met, Alarm pop up+ audible signal + chart blink. Test and confirm that it works as intended!!! THIS ALERT IS ONLY FOR THE CONDITIONS LISTED ABOVE, YOU STILL HAVE TO EVALUATE BASED ON OTHER PARAMETERS {image} {file}
Too many alerts for same pair.
Attached Image
Anything above the line is an uptrend, below the line is a downtrend.
  • #378
  • Apr 23, 2020 2:39am Apr 23, 2020 2:39am
Quoting Loftboy
{quote} Not that this is your problem, but I haven't been able to install any indicators since I got Windows 10. I do all the things I've done for years, they appear in my indicators folder, but they don't appear in the list of indicators in the Navigator window, so I can't get them onto my charts. They all seem to download in a WinZip file, which I can't open. Therefore I can't follow this system because I can't get the levels you use or the MTF RSI or the red/green thingy in the corner. Never mind. You are a star for giving all the help that you...
Just suggesting in case you changed the installation path during the MT4 setup, as that will still create its own folder for the indicators. To make sure which is the correct one you can click File>Open Data folder.
  • #379
  • Apr 23, 2020 2:49am Apr 23, 2020 2:49am
Took a short on the FTSE.. Open to criticism..
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  • #380
  • Apr 23, 2020 2:57am Apr 23, 2020 2:57am
Quoting mUrfo
Took a short on the FTSE.. Open to criticism.. {image}
Download CompRSI indicator from post 1 page 1 and add it to your chat
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