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EMA & RSI Intraday M15 system

  • #21
  • May 26, 2016 5:39pm May 26, 2016 5:39pm
Quoting ruben-trader
{quote} Hello trader, The simple things always take my attention... Congrats for you post and here goes my contribution for your idea..... All the best, {image} {file} {file}
Hello!
I am a beginner so I have not done this before.
I have downloaded your EA EMA&RSI and set up my chart as post 1 in my demo MT4.
But I get errors when I start my strategy tester.
2016.05.27 00:05:57.155 2016.04.28 19:30 EA_EMA&RSI_Intraday_M15 EURUSD,M15: invalid lots amount for OrderSend function and invalid function parameter value.
Do you know what could be wrong?
Could you help me get going so that I can try your EA?
Sincerely
Janne
  • #22
  • May 26, 2016 5:49pm May 26, 2016 5:49pm
Quoting dynel14
{quote} Yeah sure, here... {image} {file}
Hey!
I am a beginner and I dont have much experience.
Would you like to tell me how to read this chart?
How do you set your entry, SL and TP?
Sincerely
Janne
  • #23
  • Jul 27, 2016 9:16am Jul 27, 2016 9:16am
IMPORTANT

Time broker reference: GMT +2
  • #24
  • Jul 27, 2016 9:17am Jul 27, 2016 9:17am
Quoting ruben-trader
{quote} Hello trader, The simple things always take my attention... Congrats for you post and here goes my contribution for your idea..... All the best, {image} {file} {file}
IMPORTANT

Time broker reference: GMT +2
  • #25
  • Jun 30, 2019 11:11am Jun 30, 2019 11:11am
Hello..
Sorry but its ok how i give the basics inside the indicator? Thanks
Attached Image (click to enlarge)
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  • #26
  • Jul 7, 2019 2:49am Jul 7, 2019 2:49am
you can use one ATR or 2 atr for TP and get two position tp1= 1 ATR & tp2= 2*ATR
Attached Image (click to enlarge)
Click to Enlarge Name: 2EURUSDM15.png Size: 63 KB
  • #27
  • Jul 7, 2019 7:35am Jul 7, 2019 7:35am
Quoting sashadeol
For lack of better title, I chose the "EMA & RSI Intraday M15 system". I seek help from everyone on this system, please do not be shy, share your screenshots and experience. Lets make this a system we can use. Once someone told me, it was difficult to make 10 pips a day, consistently. I think, its possible. In my search for such a system that would give me 10 pips a day, I share this system with you all. Please help make this system better. I do not want to clutter the system with too many indicators, but if you think an indicator would help, please...
Hi sashadeol, black line is 5EMA and other indicators are self explanatory,you can use this template on any time frame.I hope it will give beast results
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 88 KB
  • #28
  • Jul 31, 2020 7:05am Jul 31, 2020 7:05am
My apologies for being absent guys.
I appreciate everyone's inputs on this thread
I realized amazing feedback, new EA and also a new template shared by friends here.
Really thankful to everyone who worked on the idea and helped made it better
I have not used the EA so do not know if it is still working, I hope it does and am sure is helping the fellow friends.
Here are my trades from today using above settings as shared by Abbas
I hope this system gives you a way to make daily income & grow your accounts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: buy1.jpg Size: 78 KB
Click to Enlarge Name: buy2.jpg Size: 81 KB
Click to Enlarge Name: buy3.jpg Size: 84 KB
If you want your dreams to come true, you better wake up !!!
  • #29
  • Jul 31, 2020 7:56am Jul 31, 2020 7:56am
Quoting sashadeol
My apologies for being absent guys. I appreciate everyone's inputs on this thread I realized amazing feedback, new EA and also a new template shared by friends here. Really thankful to everyone who worked on the idea and helped made it better I have not used the EA so do not know if it is still working, I hope it does and am sure is helping the fellow friends. Here are my trades from today using above settings as shared by Abbas I hope this system gives you a way to make daily income & grow your accounts {image} {image} {image}
Hi Sasha,

Would u mind please load your template and indicator. I can check on saturday sunday with history. Thanks for your help.

Bomi
  • #30
  • Jul 31, 2020 9:33am Jul 31, 2020 9:33am
As a commercial member, I can't share much.
But as I said, settings are above by Abbas.
Use that same settings, and add MACD.
Neglect the two bottom indicators.
Check Open price line and you should be able to spot the trades fast and quick.
Works in all timeframes.
If you want your dreams to come true, you better wake up !!!
  • #31
  • Jul 31, 2020 9:35am Jul 31, 2020 9:35am
See how it worked today on EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 25 KB
If you want your dreams to come true, you better wake up !!!
  • #32
  • Jul 31, 2020 9:37am Jul 31, 2020 9:37am
And see in GBPCHF
Attached Image (click to enlarge)
Click to Enlarge Name: gc.png Size: 39 KB
If you want your dreams to come true, you better wake up !!!
  • #33
  • Jul 31, 2020 9:41am Jul 31, 2020 9:41am
Settings by Abbas, worked like a charm
See GBPUSD, Watch the Yellow vertical line. Spot such entries on your own charts and see
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 21 KB
If you want your dreams to come true, you better wake up !!!
  • #34
  • Jul 31, 2020 9:43am Jul 31, 2020 9:43am
Here is an Example of SELL.
In EURCAD today
Prefer to wait to close below the Open price. Second Yellow vertical line
Senior traders may take from up above also.
Attached Image (click to enlarge)
Click to Enlarge Name: ec.png Size: 37 KB
If you want your dreams to come true, you better wake up !!!
  • #35
  • Jul 31, 2020 9:44am Jul 31, 2020 9:44am
One more example for SELL in NU today
Attached Image (click to enlarge)
Click to Enlarge Name: nu.png Size: 35 KB
If you want your dreams to come true, you better wake up !!!
  • #36
  • Jul 31, 2020 9:46am Jul 31, 2020 9:46am
Last example for today, EURGBP - SELL

You can now get the idea on how to use the settings Abbas shared.
Anyone can easily make the template or use the other template shared in this thread and change settings to what Abbas shared

It is simple.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 30 KB
If you want your dreams to come true, you better wake up !!!
  • #37
  • Jul 31, 2020 11:09am Jul 31, 2020 11:09am
Quoting sashadeol
Last example for today, EURGBP - SELL You can now get the idea on how to use the settings Abbas shared. Anyone can easily make the template or use the other template shared in this thread and change settings to what Abbas shared It is simple. {image}
O my friend Abbas has not shared his indicators or template that's why I was asking you to share it. Second thing your's Indi and template is totally different than Abbas. It is your choice to share it or not. Thanks anyway. Appreciated.
  • #38
  • Sep 15, 2020 11:44am Sep 15, 2020 11:44am
Quoting ruben-trader
{quote} Hello trader, The simple things always take my attention... Congrats for you post and here goes my contribution for your idea..... All the best, {image} {file} {file}
Hi Ruben,
I have written a robot implementing this strategy for the cTrader platform. I have been encouraged by the good results shown in the backtest of your EA above. However, the results of my robot are rather disappointing, as you can see in the backtest below.

This is my algorithm:

Inserted Code
Fast EMA periods: 5
Slow EMA periods: 12
RSI periods: 5
RSI level: 50
Take profit and stop loss: 25 pips
Trailing stop: yes or no, optional
Trading hours: from 16:00 to 21:45 GMT
 
For every new bar N:
if (no position open and in allowed trading hours) {
    if (fastEMA(N-2) < slowEMA(N-2) and
      fastEMA(N-1) > slowEMA(N-1) and RSI(N-1) > 50) {
          Place a buy order in the new bar N
   }
    if (fastEMA(N-2) > slowEMA(N-2) and
      fastEMA(N-1) < slowEMA(N-1) and RSI(N-1) < 50) {
         Place a sell order in the new bar N
   }
}

See below the screenshot of one of my backtests.
EURUSD M15 from 2015-1-1 to 2016-5-1 (the same as in your backtest). Trading hours: 16:00 to 21:45 GMT. Trailing stop: no

I have tried other trading hours ranges, with and without trailing stop, and the results are always very poor.

Please could you give us an outline of the algorithm that you use in your expert advisor. I would appreciate it.

If I manage to make my robot profitable I will share it here..

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M15.png Size: 123 KB
  • #39
  • Jan 30, 2021 12:11am Jan 30, 2021 12:11am
Quoting Draffi
thanks @dynel14...!
Hi. although its been close to 10 years, but if you're still around, would like to clarify; downloaded your signal, but seems the RSI color portion does not appear (even after properly copied the files into MT4 folder).
Any ideas?
  • #40
  • Dec 24, 2021 6:31am Dec 24, 2021 6:31am
Quoting ruben-trader
{quote} Hello trader, The simple things always take my attention... Congrats for you post and here goes my contribution for your idea..... All the best, {image} {file} {file}
Hi sir,
thanks for your efforts to make this ea,
i know you posted it years back, but
could you share a new version of this ?
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