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my RSI trade strategy (using ea) 2020

  • #41
  • Jul 1, 2020 10:31pm Jul 1, 2020 10:31pm
most pairs dropped 20-25pips then went up yesterday, that's why i sometimes closed profitable trades with those number of pips instead of waiting for tp. it is part of market wave moevement. today floating, need to wait for cad news tonite

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LUCKY golden trades, LUCKY gold investor trading style
  • #42
  • Jul 3, 2020 7:04am Jul 3, 2020 7:04am
most pairs traded sell going higher, as expected, decided to start ea to buy until rsi daily reached 70.

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LUCKY golden trades, LUCKY gold investor trading style
  • #43
  • Jul 3, 2020 6:44pm Jul 3, 2020 6:44pm
Heya.

Thanks for sharing this with us.
Also can you show us what a bad day loooks like?
  • #44
  • Jul 4, 2020 1:02am Jul 4, 2020 1:02am
Quoting jun2005
Heya. Thanks for sharing this with us. Also can you show us what a bad day loooks like?
bad day is when market crash (we have seen it many times, especially for jpy pairs, that's why i would advise not to trade major jpy pairs, i used to trade uj and ej years ago, but not anymore) . we have seen gbpusd moved over 2000pips over few hours due to brexit, so also not recommending to trade this pair.

other than above, try to choose pair with average weekly move bellow 200pips, so bad day won't be so bad. i dont't trade for huge profit, but as for investment, lower return with lower risk is preferred.

sell high, buy low is lower risk strategy, but high could always get higher some day, just as when R100 breached, then R200 breached (seen this many times too)
LUCKY golden trades, LUCKY gold investor trading style
  • #45
  • Jul 7, 2020 4:37am Jul 7, 2020 4:37am
finally fishes getting weaker, collect some money whenever possible before the market enter full reversal mode

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LUCKY golden trades, LUCKY gold investor trading style
  • #46
  • Jul 9, 2020 10:41pm Jul 9, 2020 10:41pm
close manually some 20-25pips profit while market still sideway to reduce equity stress and no red news. waiting for luck during red news tonite

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LUCKY golden trades, LUCKY gold investor trading style
  • #47
  • Jul 13, 2020 8:20am Jul 13, 2020 8:20am
1st account still floating, most pairs still not reversing, i believe there are many traders are using almost the same strategy so big banks/ market makers are taking the opposing direction. Start testing another system, using rsi and sma as additional fillter but in slightly different setting, buy until rsi D1 reaches 70, sell until rsi D1 reaches 30.

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LUCKY golden trades, LUCKY gold investor trading style
  • #48
  • Jul 14, 2020 9:42pm Jul 14, 2020 9:42pm
audcad keep on going up. trades should be better if using d1 tf.

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LUCKY golden trades, LUCKY gold investor trading style
  • #49
  • Jul 15, 2020 11:38pm Jul 15, 2020 11:38pm
audcad finally seems to go down, after about 200pip (about its weekly average range) up from initial sell entry 4 weeks ago

i guess money should be otw

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LUCKY golden trades, LUCKY gold investor trading style
  • #50
  • Jul 17, 2020 8:27pm Jul 17, 2020 8:27pm
after testing about 1 month i think going for reversal is not as good as going with trend. to follow trend, best indicators are moving averages. rsi, stoch can be used as secondary indicators, not primary. moving forward, i will use moving average again.

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LUCKY golden trades, LUCKY gold investor trading style
  • #51
  • Jul 21, 2020 12:01am Jul 21, 2020 12:01am
waiting patiently for reversal, while maintaining trend following entries.
LUCKY golden trades, LUCKY gold investor trading style
  • #52
  • Jul 29, 2020 9:39pm Jul 29, 2020 9:39pm
still survive, collecting profits from robot that use to follow trend instead of targeting for reversal. buy while rsi above 50 on d1 and price above sma 20.

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LUCKY golden trades, LUCKY gold investor trading style
  • #53
  • Aug 1, 2020 1:03am Aug 1, 2020 1:03am
was lucky last 2 weeks with gold, going for trend, not reversal. it breached monthly r100, then go straight to r200

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LUCKY golden trades, LUCKY gold investor trading style
  • #54
  • Aug 1, 2020 1:11am Aug 1, 2020 1:11am
ea been busy buying audcad, nzdcad, nzdusd. got good reversal yesterday, but still in buying mode.

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LUCKY golden trades, LUCKY gold investor trading style
  • #55
  • Aug 14, 2020 11:49am Aug 14, 2020 11:49am
Quoting fx4money
ea been busy buying audcad, nzdcad, nzdusd. got good reversal yesterday, but still in buying mode. {image}
Hii FX4MONEY!!
How are you? how's going your strategy?
I still think it's interesting .
Which other strategies have you tested?
Private msg if you prefer.
Ciao
  • #56
  • Aug 14, 2020 10:30pm Aug 14, 2020 10:30pm
Quoting broncoviz
{quote} Hii FX4MONEY!! How are you? how's going your strategy? I still think it's interesting . Which other strategies have you tested? Private msg if you prefer. Ciao
hi broncoviz.

all these years i have tested many reversal strategy to use auto trade, most will only work when market is ranging or side way. it will not work when market start to trending. so started to follow the trend, i found that the best way is to use moving averages. will share the new system in new thread maybe next month.
LUCKY golden trades, LUCKY gold investor trading style
  • #57
  • Aug 16, 2020 11:01am Aug 16, 2020 11:01am
Hiii,
I'm glad to know it, I'm quite confident you'll find the right strategy.
Since a lot of markets stay in consolidation for a long time... what do you think about to test a martingale in a "shorter range"(probably is cheaper as margin requirements), and when the trend starts than change the settings accordingly.
Sorry I'm not expert and my ideas probably are completely wrongs.
Ciao
  • #58
  • Aug 17, 2020 5:11am Aug 17, 2020 5:11am
Quoting broncoviz
Hiii, I'm glad to know it, I'm quite confident you'll find the right strategy. Since a lot of markets stay in consolidation for a long time... what do you think about to test a martingale in a "shorter range"(probably is cheaper as margin requirements), and when the trend starts than change the settings accordingly. Sorry I'm not expert and my ideas probably are completely wrongs. Ciao
i have found a way to use martingale indirectly, this way there will be less pressure to margin and us. Currently testing it on gold, if it can handle gold, it can handle almost any other pair with reasonable spread.
LUCKY golden trades, LUCKY gold investor trading style
  • #59
  • Oct 2, 2020 9:54am Oct 2, 2020 9:54am
How about setting one more rule.
Buy, when rsi falls below 30, and when it rises up above 30 (candle closed).
Sell, when rsi rises above 70, and when it falls below 70 (candle closed).
  • #60
  • Oct 4, 2020 9:47pm Oct 4, 2020 9:47pm
Quoting yan7181
How about setting one more rule. Buy, when rsi falls below 30, and when it rises up above 30 (candle closed). Sell, when rsi rises above 70, and when it falls below 70 (candle closed).
this works when market is sideway, when trending starts, this becomes invalid. i prefer to prepare for trending market.
LUCKY golden trades, LUCKY gold investor trading style
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