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RSI 50 X Scalping System

  • #181
  • Mar 14, 2023 1:36pm Mar 14, 2023 1:36pm
Quoting Outcast918
Hello, Just took this setup, when it was trading live the opportunity was presented at the vertical line. GBPNZD Totomagic kindly let me know if its correct. I assume that the pairs you trade are the same ones you shared in the screenshot of the dashboard settings, or there are other pairs that you trade? {image}
the 5M crossed at 14:10 but 15M was already below 50
  • #182
  • Mar 14, 2023 1:39pm Mar 14, 2023 1:39pm
CADJPY crossed 7 minutes ago on the 14:30 interval
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
  • #183
  • Mar 14, 2023 1:48pm Mar 14, 2023 1:48pm
Bro LOL

I just understood

long story short there are 4 times to check the charts.

Eg. 12:00, 12:15, 12:30, 12:45

If 50 cross happened on both rsi lines at the 15m candle open then take the trade in the direction of the cross.

If trade happens a minute before the closing or a minute after the closing of 15mins candle it is still valid since it's within the 2 mins range from the signal formation.

Totomagic please correct me if I'm wrong.
  • #184
  • Mar 14, 2023 2:02pm Mar 14, 2023 2:02pm
Quoting Outcast918
Bro LOL I just understood long story short there are 4 times to check the charts. Eg. 12:00, 12:15, 12:30, 12:45 If 50 cross happened on both rsi lines at the 15m candle open then take the trade in the direction of the cross. If trade happens a minute before the closing or a minute after the closing of 15mins candle it is still valid since it's within the 2 mins range from the signal formation. Totomagic please correct me if I'm wrong.
yes lol exactly, i dont know how else to explain to people xD
  • #185
  • Mar 14, 2023 2:11pm Mar 14, 2023 2:11pm
Quoting totomagic
{quote} yes lol exactly, i dont know how else to explain to people xD
Thanks for confirming hope people understood,

I have 3 questions:

1. What are the times you usually trade?
2. What is the volume indicator you are using?
3. What is your pair list for fav pairs.

Thanks for ur time once again!
  • #186
  • Mar 14, 2023 4:24pm Mar 14, 2023 4:24pm
are you watching the charts manually? How many currency pairs?
  • #187
  • Mar 14, 2023 4:57pm Mar 14, 2023 4:57pm
Quoting Outcast918
{quote} Thanks for confirming hope people understood, I have 3 questions: 1. What are the times you usually trade? 2. What is the volume indicator you are using? 3. What is your pair list for fav pairs. Thanks for ur time once again!
1)trade ny session
2)obv
3)no favorite pair, whatever pair has highest ATR in the moment..can't scalp 3 pip movements
  • #188
  • Mar 14, 2023 4:58pm Mar 14, 2023 4:58pm
Quoting pelagiusz
are you watching the charts manually? How many currency pairs? {image}
this is my biggest problem, i have an alert for 15M rsi, but not 15M+5M together. So even with scanner, it does currently require a lot of manual checking
  • #189
  • Mar 14, 2023 5:53pm Mar 14, 2023 5:53pm
It would be useful if the indicator changes color when it crosses the 50 line. Then you can see it better.
  • #190
  • Edited 11:37pm Mar 14, 2023 11:27pm | Edited 11:37pm
Quoting totomagic
{quote} this is my biggest problem, i have an alert for 15M rsi, but not 15M+5M together. So even with scanner, it does currently require a lot of manual checking
Quote
It would be useful if the indicator changes color when it crosses the 50 line. Then you can see it better.

I'm forked original indicator script to easy follow this logic, hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: test.png Size: 32 KB
Attached File(s)
File Type: txt RSI50_XScalping_Simple.pine_script.txt   1 KB | 425 downloads
  • #191
  • Mar 15, 2023 12:36am Mar 15, 2023 12:36am
Quoting mr.smil3
{quote} {quote} I'm forked original indicator script to easy follow this logic, hope this helps. {image} {file}
warning: this indicator is repainting. none repainting version required some tweaks. eg: alert only after 15candle closed
  • #192
  • Mar 15, 2023 1:46am Mar 15, 2023 1:46am
Quoting mr.smil3
{quote} warning: this indicator is repainting. none repainting version required some tweaks. eg: alert only after 15candle closed
i also write 1 ea on mt4 to draw arrow, but it only work repaint
  • #193
  • Mar 15, 2023 1:59am Mar 15, 2023 1:59am
Quoting mr.smil3
{quote} {quote} I'm forked original indicator script to easy follow this logic, hope this helps. {image} {file}
Hey thanks so much for sharing this!

Its very helpful.
  • #194
  • Mar 15, 2023 3:36am Mar 15, 2023 3:36am
Just took this win on USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 180 KB
  • #195
  • Mar 15, 2023 4:21am Mar 15, 2023 4:21am
Quoting mr.smil3
{quote} Thank you for sharing this strategy. This concept and logic seem working fine. I will try to full backtesting and share here if you don't mind.
Stuff done, created simple Strategy Backtest Script in TV.
(I'm using ATR , Look Back For High/Lows Candles to find SL & TP)
Seem good winrate with date range 01-Mar -> Now, totomagic!
(But date range of backtest is very limited, because i don't have a PRO+ account in TV)

Reference video:
Inserted Video
Attached Image(s) (click to enlarge)
Click to Enlarge Name: strategy_setting.png Size: 67 KB
Click to Enlarge Name: GBPNZD_Mar.png Size: 60 KB
Click to Enlarge Name: EURJPY_Mar.png Size: 60 KB
Click to Enlarge Name: CADJPY_Mar.png Size: 56 KB
  • #196
  • Mar 15, 2023 4:58am Mar 15, 2023 4:58am
Quoting mr.smil3
{quote} Stuff done, created simple Strategy Backtest Script in TV. (I'm using ATR , Look Back For High/Lows Candles to find SL & TP) Seem good winrate with date range 01-Mar -> Now, totomagic! (But date range of backtest is very limited, because i don't have a PRO+ account in TV) Reference video: https://youtu.be/Cvy04iK_Yto {image} {image} {image} {image}
Hello Dear thanks for sharing the back test,

I didn't watch this video because I am at work, but I would just like to know on the method you SL and TP
  • #197
  • Mar 15, 2023 5:19am Mar 15, 2023 5:19am
Quoting Outcast918
{quote} Hello Dear thanks for sharing the back test, I didn't watch this video because I am at work, but I would just like to know on the method you SL and TP
Jesus,but what do you mean? Will you be mentally unstable if you don't find out right away?
read carefully because there is information, come back from work and watch the video easy. What a mindset xDD
  • #198
  • Mar 15, 2023 5:37am Mar 15, 2023 5:37am
"I'm using ATR , Look Back For High/Lows Candles to find SL & TP"
For what is atr if you look for high low candles for sl tp?


Quoting mr.smil3
{quote} Stuff done, created simple Strategy Backtest Script in TV. (I'm using ATR , Look Back For High/Lows Candles to find SL & TP) Seem good winrate with date range 01-Mar -> Now, totomagic! (But date range of backtest is very limited, because i don't have a PRO+ account in TV) Reference video: https://youtu.be/Cvy04iK_Yto {image} {image} {image} {image}
Vucking good EA coder... https://t.ly/AZjRM
  • #199
  • Mar 15, 2023 7:06am Mar 15, 2023 7:06am
Quoting pelagiusz
{quote} Jesus,but what do you mean? Will you be mentally unstable if you don't find out right away? read carefully because there is information, come back from work and watch the video easy. What a mindset xDD {image}
Wait, who are you again? 😂
  • #200
  • Mar 15, 2023 7:17am Mar 15, 2023 7:17am
Quoting mr.smil3
{quote} {quote} I'm forked original indicator script to easy follow this logic, hope this helps. {image} {file}
Hello,

I'm new with tradingview. Does this script alerts when cross happens? Does it look for cross and alert on all pair I have in watch list or just one that is open on chart?

Thank you!
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