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  • #6,761
  • May 18, 2020 5:56pm May 18, 2020 5:56pm
Quoting JustUncleL
for me unclear yet whether the changes to "TrendRiderExit" have influenced results of TrendRider.
Trend Rider Exit was designed on an overnight over weekend D1 timeframe, so it cuts out the losers and rides the trends. Have had a lot of success with it in the past, however i think there are better exit strategies out there, this is just what i ended up with for the last year.

I am very satisfied with the entry on anything H4+ however I think the exit could use a second helper. I am still testing other exits however this is the one that has been successful for me while keeping trades open for days/weeks at a time. I have only had one close this week on V6 but so far it seems to be following the trading plan.

Currently H1 is down about -70 pips and H4 is up about +110 pips. I'll update with screenshots when they are more mature.

Also (edit): looks like the swinger exit was keeping trend rider in the green today compared to to trendrider1 exit. Will be very interested to keep watching this and or other exit schemes.
  • #6,762
  • May 19, 2020 1:20am May 19, 2020 1:20am
Quoting alula
{quote} Trend Rider Exit was designed on an overnight over weekend D1 timeframe, so it cuts out the losers and rides the trends. Have had a lot of success with it in the past, however i think there are better exit strategies out there, this is just what i ended up with for the last year. I am very satisfied with the entry on anything H4+ however I think the exit could use a second helper. I am still testing other exits however this is the one that has been successful for me while keeping trades open for days/weeks at a time. I have only had one...
Hi Alula,

Are you just using both 240mins & 60mins in your Trenrider test ? I have been testing Trendrider 240mins
but have mixed results. You are right. Exit are also important to have consistency.
  • #6,763
  • May 19, 2020 2:11am May 19, 2020 2:11am
I am not getting the right time settings showing for my Broker.... the GMT Time is correct. My local time is correct (GMT +3). My broker (IC Markets in NY) time is incorrect. It shows the same as local time but it should be showing GMT -4.

Is this something I can fix?
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  • #6,764
  • May 19, 2020 2:25am May 19, 2020 2:25am
Quoting seller9
Not too bad for the first day of the week. Will let it keep running non-stop for the rest of the week if I can. I am presently trying different types of Stop Losses with some new ideas. Too early to tell if any of them will be of any good. The entries I think are where I want them to be with maybe just a few minor tweaks, exits are the hard ones to find to get the most out of each trade to overcome any losers. I just rest the graph so no history there to show as I forgot to capture it before I reset it. {image}
HI use this indicator for exit 200 to 250 pips a day the entry is the time that you set for yourself witch time you want to trade.

GBPUSD already hit TP with this strategy Entry and Exit, please
SELLER9 TRY IT.

After you see it is working please count me on V6 or V7 of this strategy via ROBOT TRADING. GOOD LUCK
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 0 - H-Line Targets Hist.mq4   7 KB | 295 downloads
  • #6,765
  • May 19, 2020 7:03am May 19, 2020 7:03am
Quoting Jstan
{quote} Hi Alula, Are you just using both 240mins & 60mins in your Trenrider test ? I have been testing Trendrider 240mins but have mixed results. You are right. Exit are also important to have consistency.
current 2 i have running are "TR 240 entry 240 exit" and "TR 60 entry 60 exit" just letting them run for now to watch them. so far for this week H4 is up +711 pips and H1 is down -30 however this could all change in the blink of an eye
  • #6,766
  • May 19, 2020 8:24am May 19, 2020 8:24am
Quoting Aus-Trader
I am not getting the right time settings showing for my Broker.... the GMT Time is correct. My local time is correct (GMT +3). My broker (IC Markets in NY) time is incorrect. It shows the same as local time but it should be showing GMT -4. Is this something I can fix? {image}
The broker time comes from the broker's server, that is the time it is on, that is what he is sending you.
  • #6,767
  • May 19, 2020 11:03am May 19, 2020 11:03am
Quoting Aus-Trader
I am not getting the right time settings showing for my Broker.... the GMT Time is correct. My local time is correct (GMT +3). My broker (IC Markets in NY) time is incorrect. It shows the same as local time but it should be showing GMT -4. Is this something I can fix? {image}
Please note that IC Markets' server time and charts are GMT + 2 or GMT + 3 (when daylight savings is in effect).. The trading hours for all currency pairs is 00:01 server time to 23:59 server time daily (23:57 on Friday), whereas for Gold is 01:02 server time to 23:57.
  • #6,768
  • May 19, 2020 12:25pm May 19, 2020 12:25pm
MY EXIT IS 250 PIPS YELLOW LINE IS MY STOP LOST
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  • #6,769
  • Edited 3:56pm May 19, 2020 3:37pm | Edited 3:56pm
MY Results for the day

Still playing around with the new RSI.

Still hoping Seller9 can introduce a global pip locker to the CT DB as this will make trading short TFs more manageable, bur for now Im focusing on 1H TF.

Swinger Exit seems to perform a whole lot better than the TSL = 0,2

regards

H
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  • #6,770
  • May 20, 2020 12:34pm May 20, 2020 12:34pm
More RSI testing results for today
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  • #6,771
  • May 20, 2020 1:59pm May 20, 2020 1:59pm
Quoting HMuller1971
More RSI testing results for today {image} {image} {image} {image} {image}
Since the MA cross was added to the RSi, i barely got any signal on my end and had lost my green pips harvesting machine...

appears you have your Rsi at '0' chart period? i wasn't aware that is possible.
What does this mean?
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,772
  • May 20, 2020 2:39pm May 20, 2020 2:39pm
Quoting alula
{quote} Trend Rider Exit was designed on an overnight over weekend D1 timeframe, so it cuts out the losers and rides the trends. Have had a lot of success with it in the past, however i think there are better exit strategies out there, this is just what i ended up with for the last year. I am very satisfied with the entry on anything H4+ however I think the exit could use a second helper. I am still testing other exits however this is the one that has been successful for me while keeping trades open for days/weeks at a time. I have only had one...
the Basket El has been working for me lately.
on this one, i saw it peaked to $100 yesterday but decided not to turn on the BEL right away.
it retraced to around $50 yesterday but made its way back so i turned BEL on this morning around 7am PST and it was closed at 8:58am PST.
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When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,773
  • May 20, 2020 2:51pm May 20, 2020 2:51pm
Quoting lananpips
{quote} Since the MA cross was added to the RSi, i barely got any signal on my end and had lost my green pips harvesting machine... appears you have your Rsi at '0' chart period? i wasn't aware that is possible. What does this mean?
Hi lananpips

it just means that it accepts whatever TF the DB is set on, so if the DB is set on 1H then the RSI TF will be 60, etc...

regards
H
  • #6,774
  • May 20, 2020 3:26pm May 20, 2020 3:26pm
Quoting HMuller1971
{quote} Hi lananpips it just means that it accepts whatever TF the DB is set on, so if the DB is set on 1H then the RSI TF will be 60, etc... regards H
ok, i will try it again...thanks!
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,775
  • May 20, 2020 4:05pm May 20, 2020 4:05pm
Quoting HMuller1971
{quote} Hi lananpips it just means that it accepts whatever TF the DB is set on, so if the DB is set on 1H then the RSI TF will be 60, etc... regards H
HM... how about the '1,99' on the Rsi levels?
why is the High at '1' and Low at '99'?
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,776
  • Edited May 21, 2020 1:18am May 20, 2020 4:27pm | Edited May 21, 2020 1:18am
Quoting lananpips
{quote} HM... how about the '1,99' on the Rsi levels? why is the High at '1' and Low at '99'?

Hi lananpips,

ok so this is where things start to get interesting. All published literature that discuss how RSI should be interpreted and traded make use of the overbought / oversold concept and what we get taught is that when RSI is <= 30 then its oversold and this is a good time to buy and when >= 70 it is overbought and a good time to sell. This is only true for sideways market

But when you start trading with the trend then RSI ma crossover signals at all levels are good and often even better at the opposite side that you would normally never trade longs or shorts. I have watched this now for many weeks. See the example snapshot. See the long trades signaled by the RSI crossover that are very high up (>=70). I see this all the time on all TFs and these are actually bloody good trade entries and go against what everyone is telling us to do.

I therefore set it to 1,99 to trade all MA crossovers and generate much more profit this way than just taking Long trading signals below 30 or short trading signals above 70.

In my posting of my results today, the very last snapshot is of the standard RSI method(longs below 30 and shorts above 70) , and you can see the returns are much lower that the other snapshots where I trade it my way.

This is just how my brain works. I tend to do things very differently.

Im not saying this is the holy grail.
But im testing it and so far im surprised. Lots and lots of testing still to do.
The entries are bloody good (but note that this method (like all other trend following methods) fail when the market direction turns). The exits are where the rub lies. Managing the exits is the most important aspect.

regards

H
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  • #6,777
  • May 20, 2020 5:40pm May 20, 2020 5:40pm
Quoting HMuller1971
{quote} Hi lananpips, ok so this is where things start to get interesting. All published literature that discuss how RSI should be interpreted and traded make use of the overbought / oversold concept and what we get taught is that when RSI is <= 30 then its oversold and this is a good time to buy and when >= 70 it is overbought and a good time to sell. This is only true for sideways market But when you start trading with the trend then RSI ma crossover signals at all levels are good and often even better at the opposite side that you would normally...
This is where the "Use_Opposite_RSI" and higher time frame RSI comes into play for confirmation as it works great on trends as they tend to hang in the trend for a while in the overbought or oversold area.

Here is what the daily RSI 2, 5 looks like on a H1 chart with levels of 20,50,80, it follows the trend direction.

Of course, not so good in a ranging area.

Too bad we can't know before hand when we are going to start to range or trend. LOL

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  • #6,778
  • May 20, 2020 6:07pm May 20, 2020 6:07pm
Quoting seller9
{quote} Too bad we can't know before hand when we are going to start to range or trend. LOL {image}
If you could please create in indicator that tells the future we would be very grateful.

So far this week, with the TR H1/H1 TR H4/H4.

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  • #6,779
  • May 20, 2020 6:59pm May 20, 2020 6:59pm
Quoting HMuller1971
{quote} Hi lananpips, ok so this is where things start to get interesting. All published literature that discuss how RSI should be interpreted and traded make use of the overbought / oversold concept and what we get taught is that when RSI is <= 30 then its oversold and this is a good time to buy and when >= 70 it is overbought and a good time to sell. This is only true for sideways market But when you start trading with the trend then RSI ma crossover signals at all levels are good and often even better at the opposite side that you would normally...
thank you for taking time to explain and that's very clever... i never thought RSI will respond like that with those settings.
i will join you in testing these entry settings but will try a different exit method.

thanks again for sharing!
When the internal struggle ends, everything becomes easy - Mr. Douglas
  • #6,780
  • May 20, 2020 7:03pm May 20, 2020 7:03pm
Quoting seller9
{quote} This is where the "Use_Opposite_RSI" and higher time frame RSI comes into play for confirmation as it works great on trends as they tend to hang in the trend for a while in the overbought or oversold area. Here is what the daily RSI 2, 5 looks like on a H1 chart with levels of 20,50,80, it follows the trend direction. Of course, not so good in a ranging area. Too bad we can't know before hand when we are going to start to range or trend. LOL {image}
are you confirming turning this feature to 'True' will have the same effect as what HM is trying to do?
When the internal struggle ends, everything becomes easy - Mr. Douglas
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