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RSI 50 X Scalping System

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  • Post #241
  • Quote
  • Edited 8:38pm Mar 17, 2023 3:07am | Edited 8:38pm
  •  niks
  • | Joined Dec 2022 | Status: Member | 286 Posts
Quoting driven18
Disliked
{quote} I appreciate this. Please be aware, there is some sort of bug. Can you give a color selection for Up(example green) or Down(example red). So not to take over the thread, we can take it offline, i am a full time trader and can test it out good. {image}
Ignored
here is final version with red and green lines, multiple lines issue should be resolved, and they will be deleted when the indicator is removed...

THERE WILL BE NO MT4 VERSION - JUST MT5

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(updated version below)
 
 
  • Post #242
  • Quote
  • Mar 17, 2023 3:20am Mar 17, 2023 3:20am
  •  Eagle-Eye
  • | Joined Nov 2017 | Status: Member | 208 Posts
Quoting niks
Disliked
{quote} here is final version with red and green lines, multiple lines issue should be resolved, and they will be deleted when the indicator is removed... {image} {file}
Ignored
Is it possible to get it for MT4?
 
 
  • Post #243
  • Quote
  • Mar 17, 2023 8:57am Mar 17, 2023 8:57am
  •  driven18
  • Joined Jul 2012 | Status: Member | 817 Posts | Online Now
Quoting niks
Disliked
{quote} here is final version with red and green lines, multiple lines issue should be resolved, and they will be deleted when the indicator is removed... THERE WILL BE NO MT4 VERSION - JUST MT5 {image} {file}
Ignored
I am not sure why this green line is here, no push above 50 for the 4Hr TF. Does it mean it was over 50 at one point?
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  • Post #244
  • Quote
  • Mar 17, 2023 9:07am Mar 17, 2023 9:07am
  •  niks
  • | Joined Dec 2022 | Status: Member | 286 Posts
Quoting driven18
Disliked
{quote} I am not sure why this green line is here, no push above 50 for the 4Hr TF. Does it mean it was over 50 at one point? {image}
Ignored
not sure, could be memory issue after changing timeframes, try removing and adding the indicator back in, if the line reappears, have a look at the journal for the lines timestamp and take note of the numbers in the two lines following it and send them to me - the higher timeframes may be the issue, should be a simple fix, its currently hard coded to account for max 15M timeframe
 
 
  • Post #245
  • Quote
  • Edited 9:46am Mar 17, 2023 9:17am | Edited 9:46am
  •  driven18
  • Joined Jul 2012 | Status: Member | 817 Posts | Online Now
Quoting niks
Disliked
{quote} not sure, could be memory issue after changing timeframes, try removing and adding the indicator back in, if the line reappears, have a look at the journal for the lines timestamp and take note of the numbers in the two lines following it and send them to me - the higher timeframes may be the issue, should be a simple fix, its currently hard coded to account for max 15M timeframe
Ignored
Green line did not reappear after I removed indi and reinstalled it. Switching time frames without removing indi creates issues.

I am also getting multiple green lines issues
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  • Post #246
  • Quote
  • Mar 17, 2023 9:55am Mar 17, 2023 9:55am
  •  driven18
  • Joined Jul 2012 | Status: Member | 817 Posts | Online Now
Quoting niks
Disliked
{quote} not sure, could be memory issue after changing timeframes, try removing and adding the indicator back in, if the line reappears, have a look at the journal for the lines timestamp and take note of the numbers in the two lines following it and send them to me - the higher timeframes may be the issue, should be a simple fix, its currently hard coded to account for max 15M timeframe
Ignored
I think solution of RSI 70 and 210 works fine...is it possible to make an alert when they actually push above 50 within 1- 10(user preference) 1 min bars?
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  • Post #247
  • Quote
  • Mar 17, 2023 10:09am Mar 17, 2023 10:09am
  •  niks
  • | Joined Dec 2022 | Status: Member | 286 Posts
Quoting driven18
Disliked
{quote} I think solution of RSI 70 and 210 works fine...is it possible to make an alert when they actually push above 50 within 1- 10(user preference) 1 min bars? {image}
Ignored
yes, i was planning to do that, currently its shifted by -2, but not until the weekend

i just tested higher TF's 1H and 4H RSI's on the 1M chart and they worked fine, a lot less obviously, but they were all correct, the only advice i can give is remove it, add it back in, wait at least a couple of minutes, then refresh the chart and they should appear correctly

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  • Post #248
  • Quote
  • Mar 17, 2023 3:29pm Mar 17, 2023 3:29pm
  •  killbill21
  • | New Member | Status: Junior Member | 5 Posts
Quoting Outcast918
Disliked
Hello Everyone, After discussion with many developers we have determined that the original script shared is repaint and can never be non-repaint and I will leave the developers responses in the images below, the references indicator that repaints is the ones below the one shared orignially by the OP and the one RSI50_XScalping_Simple, although we thank the OP and the bot creator for the efforts all that I am doing here is to be constructive and develop the system. {image}{image}{image} Below is the code for the indicator that doesn't repaint coded...
Ignored



I appreciate it thanks, I will backtest it tomorrow and this sunday for ETHUSD. I will give you some feedback and some trades
 
 
  • Post #249
  • Quote
  • Mar 17, 2023 6:10pm Mar 17, 2023 6:10pm
  •  Lazar83
  • Joined Jun 2010 | Status: Member | 456 Posts
I have run the indicator through the tester and and noticed that signal shows 22 candle backward in tester from my current position.
Once the tester printed the candle at 0630, indicator printed the signal at 0130 backwards.
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Not sure if this is intended.
Help to be helped.
 
 
  • Post #250
  • Quote
  • Edited Mar 18, 2023 2:25am Mar 17, 2023 8:17pm | Edited Mar 18, 2023 2:25am
  •  niks
  • | Joined Dec 2022 | Status: Member | 286 Posts
Quoting Lazar83
Disliked
I have run the indicator through the tester and and noticed that signal shows 22 candle backward in tester from my current position. Once the tester printed the candle at 0630, indicator printed the signal at 0130 backwards. {image} Not sure if this is intended.
Ignored
no, that is not intentional, just a by product of dealing with multi timeframes, and should now be fixed in the attached version - i added an extra input so you can set the X line to white in order to see it on a black chart as well

this version also has updated indicator short name and plot labels based on selected timeframes and the ability to shift the signal line by up to 10 bars forward, 0 keeps it as it is

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Attached File(s)
File Type: ex5 MultiTFRSI.ex5   25 KB | 37 downloads
 
1
  • Post #251
  • Quote
  • Edited 8:39am Mar 19, 2023 7:51am | Edited 8:39am
  •  mrsoap
  • | Joined Nov 2015 | Status: Forex Account Recovery Specialist | 11 Posts
I have been using RSI 50 for the last many years.

checkout this thread for a good dashboard that can be customized as per your requirements.

https://www.forexfactory.com/thread/...trading-system

download hitman 1.3, the final version of the indicator from this post https://www.forexfactory.com/thread/...49#post7766049

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Size: 30 KB
 
 
  • Post #252
  • Quote
  • Mar 19, 2023 9:24am Mar 19, 2023 9:24am
  •  Outcast918
  • | Joined Jul 2022 | Status: Member | 21 Posts
Quoting mrsoap
Disliked
I have been using RSI 50 for the last many years. checkout this thread for a good dashboard that can be customized as per your requirements. https://www.forexfactory.com/thread/...trading-system download hitman 1.3, the final version of the indicator from this post https://www.forexfactory.com/thread/...49#post7766049 {image}
Ignored
Hey mate, that thread is so confusing hahahah, can you give us some context on how you use it sir?
 
 
  • Post #253
  • Quote
  • Mar 19, 2023 9:49am Mar 19, 2023 9:49am
  •  tyler0315
  • | Joined Nov 2014 | Status: Junior Member | 6 Posts
I'm attaching EA that made by rule as below;

1. When RSI 70 and RSI 210 both cross 50 line in same 1 min candle

2. SL is +/-2pips recent low/high (I used ZZ setting 4/3/3)

3. TP is 1:1 ratio

4. $1,000 per 0.1 lot

But, EA losing money.
Let me know if I missed something, or need to add something to make is profitable.
Attached File(s)
File Type: ex4 MTFRSI.ex4   171 KB | 14 downloads
 
 
  • Post #254
  • Quote
  • Last Post: Mar 19, 2023 11:22am Mar 19, 2023 11:22am
  •  mrsoap
  • | Joined Nov 2015 | Status: Forex Account Recovery Specialist | 11 Posts
Quoting Outcast918
Disliked
{quote} Hey mate, that thread is so confusing hahahah, can you give us some context on how you use it sir?
Ignored
There is a pdf guide file in the zipped folder. You can read on how to use it effectively.

I trade on 4 hr chart, but also compare it with the daily chart.

See this video
Inserted Video
 
 
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