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Simple RSI & EMA high Profitable ratio Strategy 94 replies

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Attachments: Twin RSI - simple trading strategy
Exit Attachments

Twin RSI - simple trading strategy

Quoting Chongrux
{quote} edition of Trend RSI indicator *add MA9-45 indy {image} {file} {file} {file} {file} {file} {file} {image} {image} {image}
add % Change
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Attached File(s)
File Type: ex4 percent_CHG_.ex4   35 KB | 185 downloads
Quoting Chongrux
{quote}
add % Change {image} {file}
Thank you for your kind feed back and the % change indicator
May I know what are the base values used for calculating the % changes?
Quoting Lim001
{quote} Thank you for your kind feed back and the % change indicator May I know what are the base values used for calculating the % changes?
Dear sir
please see mq4 file
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Attached File(s)
File Type: mq4 percent_CHG_.mq4   15 KB | 227 downloads
ADD indicator RSI on chart for estimate OB and OS Zone on chart

concept RSI on chart
RSI( it is = median )
median = (N+1)/2; N= EMA
if RSI 14 = (EMA+1)/2

EMA= (14*2)-1
= 28-1
= 27
RSI14 = EMA 27
if price close above EMA27 = RSI14 above 50 level
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Attached File(s)
File Type: ex4 RSI_on_price_v2.ex4   14 KB | 207 downloads
File Type: mq4 RSI_on_price_v2.mq4   6 KB | 247 downloads
Estimate EURUSD
and add indy support and resistance and channel
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 68 KB
Attached File(s)
File Type: ex4 AutoTrendChannels.ex4   174 KB | 252 downloads
File Type: ex4 Support&Resistance.ex4   87 KB | 236 downloads
Looks interesting on first look... so why not work on it and put some filters to it....
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Vucking good EA coder... https://t.ly/AZjRM
New concept
Power RSI
•I Revised and used EMA 20-EMA100
1.FAST EMA =9

2.SLOW EMA=27

3.RSI(14 Period)
4.ADX (14 Period)

For Buy:
• FAST EMA(9) Cross above SLOW EMA(27)
•ADX >25
•Di(+)>25
•RSI>56 &RSI<70 (Range 56=69.9) & RSI current >RSI Previous(1)

For Sell:
• FAST EMA(9) Cross Below SLOW EMA(27)
• ADX >25
• Di(-)>25
•RSI<44 , RSI>30(Range 44-29.9) & RSI current <RSI Previous(1)


*** Exit
•- EMA9 has crossed below EMA27
•SL :ATR 14-Day(point) (Auto) but can change time frame
•TP : ATR 14- H4 (point) (Auto but can change time frame
•Trailing: ATR14-H1
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Click to Enlarge Name: screenshot.png Size: 46 KB
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Attached File(s)
File Type: ex4 All_ADX-edition.ex4   19 KB | 206 downloads
File Type: ex4 All_RSI-edition-2.ex4   14 KB | 208 downloads
File Type: ex4 Power_RSI-EP08.ex4   24 KB | 226 downloads
File Type: ex4 MA_9_27.ex4   17 KB | 188 downloads
Just test it Urself.... Look if the long conditions are ok... then we ll quickly do the short...

Inserted Code
//@version=5
strategy("Slim001 - Twin RSI", overlay = false)
 
// ********************** Calculation values
// Calculate RSI values
slowRSI = ta.rsi(close, 14)
fastRSI = ta.rsi(close, 2)
 
// ********************** Entry Conditions buy
// Entry long
longEnter =   fastRSI<15 and fastRSI[1]>15 and slowRSI<56 and slowRSI>44 and open[1]>close[1]
//Exit long
longSL = slowRSI<44 or fastRSI<15
longTP = fastRSI>85
longExit = longTP or longSL
 
// Strategy logic buy
if (longEnter)
    strategy.entry("Buy", strategy.long)
 
if (strategy.position_size > 0 and longExit)
    strategy.close("Buy",  "Exit Buy")
Vucking good EA coder... https://t.ly/AZjRM
[quote=reteid2222;14541123]Just test it Urself.... Look if the long conditions are ok... then we ll quickly do the short...
Thank you Reteid2222 for your kind efforts.

The system can be adapted to make it simpler and safer.
Indicators (1) rsi period 2 - yellow (2) rsi period 14 - red; levels 40 & 60
Rules for buy orders
1) rsi 14 > level 60
2) rsi 2 crosses rsi 14 from above and closes below level 60
3) tp when rsi 2 crosses rsi 14 back from below.
4) sl - use fixed sl or rsi 14 < level 60
Rules for sell orders
- same reverse logics -
please refer to attached illustrations
Attached Image (click to enlarge)
Click to Enlarge Name: rsi-cross buy.png Size: 14 KB

Attached Image (click to enlarge)
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Inserted Code
//@version=5
strategy("Slim001 - Twin RSI", overlay = false)
 
// ********************** Calculation values
// Calculate RSI values
rsi14 = ta.rsi(close, 14)
rsi2 = ta.rsi(close, 2)
 
// ********************** Entry Conditions long
// Entry long
longEnter =   rsi14>60 and ta.cross(rsi2,rsi14) and rsi2<60
//Exit long
longSL =ta.cross(rsi14,rsi2)
longTP =rsi14<60
longExit = longTP or longSL
 
// ********************** Entry Conditions short
// Entry short
shortEnter =   rsi14<40 and ta.cross(rsi14,rsi2) and rsi2>40
//Exit long
shortSL =ta.cross(rsi2,rsi14)
shortTP =rsi14>40
shortExit = shortTP or shortSL
 
// Strategy logic long
if (longEnter)
    strategy.entry("Buy", strategy.long)
 
if (strategy.position_size > 0 and longExit)
    strategy.close("Buy",  "Exit Buy")
 
// Strategy logic short
if (shortEnter)
    strategy.entry("Sell", strategy.short)
 
if (strategy.position_size < 0 and shortExit)
    strategy.close("Sell",  "Exit Sell")
 
plot(rsi14, "RSI14",color.red)
plot(rsi2,"RSI2",color.green)
plotshape(series=longEnter, location=location.belowbar, color=color.green, style=shape.triangleup, title="Long Entry")
hline(40, "Overbought", color=color.red)
hline(60, "Oversold", color=color.green)
Vucking good EA coder... https://t.ly/AZjRM
Quoting reteid2222
//@version=5 strategy("Slim001 - Twin RSI", overlay = false) // ********************** Calculation values // Calculate RSI values rsi14 = ta.rsi(close, 14) rsi2 = ta.rsi(close, 2) // ********************** Entry Conditions long // Entry long longEnter = rsi14>60 and ta.cross(rsi2,rsi14) and rsi2<60 //Exit long longSL =ta.cross(rsi14,rsi2) longTP =rsi14<60 longExit = longTP or longSL // ********************** Entry Conditions short // Entry short shortEnter = rsi14<40 and ta.cross(rsi14,rsi2) and rsi2>40 //Exit long shortSL =ta.cross(rsi2,rsi14)...
Thanks!

beautiful strategy for capturing contractions in the market, great for scalping
Quoting reteid2222
//@version=5 strategy("Slim001 - Twin RSI", overlay = false) // ********************** Calculation values // Calculate RSI values rsi14 = ta.rsi(close, 14) rsi2 = ta.rsi(close, 2) // ********************** Entry Conditions long // Entry long longEnter = rsi14>60 and ta.cross(rsi2,rsi14) and rsi2<60 //Exit long longSL =ta.cross(rsi14,rsi2) longTP =rsi14<60 longExit = longTP or longSL // ********************** Entry Conditions short // Entry short shortEnter = rsi14<40 and ta.cross(rsi14,rsi2) and rsi2>40 //Exit long shortSL =ta.cross(rsi2,rsi14)...
I think filters that close trades in 5 min before until 15 min after the red news events and the first 2 hours and last 2 hours of trading would be really interesting on this model.
Twin 2 rsi without candle filter
Start from 1st jan 2022 - aug 2023
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Looks like some interesting strategies. What is the consensus on the best EA/indicator, which pairs and what settings on live accounts?
That's a great strategy for short-term.I will try this strategy manual .
  • Post #136
  • Quote
  • Last Post: Dec 14, 2023 12:03am Dec 14, 2023 12:03am
RSI is the momentum oscilator indicator.
It is not a good indicator for trend direction.
RSI reliability depends on selection of period parameter, eg. 14 or others,
and price cycle.
But, it can assist entry. eg. for a down trend, waiting for momentum spike higher, then, short.

I like inverse fisher transform RSI, which overcome price cycle issue.
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