EMA RSI system | Forex Factory

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EMA RSI system

  • #1
  • First Post: Jul 10, 2023 12:34pm Jul 10, 2023 12:34pm
Hi friends, I would like to share with you the strategy I learned from a friend of mine, sorry if my English is bad.
Is there anyone who can turn this strategy I want into an EA?

Suggested timeframes; any time period
leading pairs; gbpusd,eurusd,xauusd,nasdaq,ukoil

First of all, I share the moving averages that we will add to our home screen.
21 EMA HIGH
21 EMA LOW
75 EMA CLOSE
500 EMA CLOSE

Secondly, we open the RSI window at the bottom and we will add our moving averages there.
The moving averages that we will add to our RSI window are as follows.
RSI 1
EMA 3 CLOSE
EMA 5 CLOSE
EMA 7 CLOSE
EMA 9 CLOSE
EMA 11 CLOSE
EMA 34 CLOSE

Now I will explain how we should enter the process.
First, we will look for a closing candle above or below the 21 ema high & low on our home screen.
Secondly, and also at the bottom of our rsi window, we need to see that our 3-5-7-9-11 emas have cut 34 emas either up or down, this will be our confirmation signal.

You can determine our tp and sl points according to your own risk management.
I will attach photo and tpl file.
It's a very easy and simple strategy, but the winning percentage is very high.
If anyone can turn this into an ea, I would be very grateful and I think we will touch people's lives.
Thanks for everything, I can answer any questions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: us100-cash-m1-ftmo-s-r.png Size: 47 KB
Click to Enlarge Name: eurusd-m1-ftmo-s-r-2.png Size: 45 KB
Click to Enlarge Name: gbpusd-m1-ftmo-s-r.png Size: 37 KB
Attached File(s)
File Type: tpl new.tpl   133 KB | 686 downloads
  • #2
  • Jul 10, 2023 12:56pm Jul 10, 2023 12:56pm
Why are there 75 & 500 EMAs in the main window if ther strat doesn't use them, or have you missed something?
  • #3
  • Jul 10, 2023 1:20pm Jul 10, 2023 1:20pm
interesting
Can't go broke making profit
  • #4
  • Jul 10, 2023 1:34pm Jul 10, 2023 1:34pm
I have been trading demo and live accounts over the past 3 years. I have come to the conclusion that there is no holy grail. Perhaps it is best to use a blank chart with only the candle sticks, and try to find a certain pattern or movement at a certain period of the day of a certain currency pair.
Claud Lepathy
US30 Strategy B All Time Return: 11.7%
  • #5
  • Jul 10, 2023 1:45pm Jul 10, 2023 1:45pm
When the first candle closes outside of 21 bands, all emas on rsi should be crossed over 34, right? Other wise you’ll get a lot of choppy signals in sideways market

for example when price finally closes below the bands, all emas haven’t crossed on rsi yet, this should filter this signals we don’t wait for all emas to cross in rsi again then wait for another candle close?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2954.png Size: 93 KB
Can't go broke making profit
  • #6
  • Jul 10, 2023 1:58pm Jul 10, 2023 1:58pm
From a glance looks like it performs poorly in sideways markets with lots of signals
Can't go broke making profit
  • #7
  • Jul 10, 2023 2:16pm Jul 10, 2023 2:16pm
sorry forgot to explain, 75 ema sometimes acts as support or resistance, there are times when the price touches 75 ema and comes back.
500 ema is for determining trend direction in general.
  • #8
  • Jul 10, 2023 2:19pm Jul 10, 2023 2:19pm
Quoting FireScape
When the first candle closes outside of 21 bands, all emas on rsi should be crossed over 34, right? Other wise you’ll get a lot of choppy signals in sideways market for example when price finally closes below the bands, all emas haven’t crossed on rsi yet, this should filter this signals we don’t wait for all emas to cross in rsi again then wait for another candle close? {image}
yes, thats right
  • #9
  • Jul 10, 2023 2:26pm Jul 10, 2023 2:26pm
other examples
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDM5.png Size: 43 KB
Click to Enlarge Name: US100.cashM1.png Size: 46 KB
Click to Enlarge Name: BTCUSDM1.png Size: 41 KB
  • #10
  • Jul 10, 2023 2:33pm Jul 10, 2023 2:33pm
circles are drawn manually?
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #11
  • Jul 10, 2023 2:55pm Jul 10, 2023 2:55pm
Quoting Macd-rsi
circles are drawn manually?
Yes, i drew
  • #12
  • Jul 10, 2023 4:03pm Jul 10, 2023 4:03pm
Quoting Shiver
{quote} Yes, i drew
regarding MA of RSI . . . . you drag them one by one to the chart .. or it is a part of one indicator ..
if you drag them, this thread may help to save a lot of time . .
https://www.forexfactory.com/thread/...s-to-rsi-chart?
could be re-coded to include:
1) circles(i guess you have a logic to draw circles, not haphazardly ),
2) MA lines(whatever the number ) ,
3) color of BG of the chart . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #13
  • Jul 11, 2023 2:35am Jul 11, 2023 2:35am
Quoting Macd-rsi
{quote} regarding MA of RSI . . . . you drag them one by one to the chart .. or it is a part of one indicator .. if you drag them, this thread may help to save a lot of time . . https://www.forexfactory.com/thread/...s-to-rsi-chart? could be re-coded to include: 1) circles(i guess you have a logic to draw circles, not haphazardly ), 2) MA lines(whatever the number ) , 3) color of BG of the chart . .
Thanks man, I had a question for you. Is it possible to add alarm to this indicator? I mean, it will alarm when there is an up or down cross?
  • #14
  • Jul 13, 2023 3:17pm Jul 13, 2023 3:17pm
Instead of adding the moving averages to rsi use the Rsioma, because if you use it like that, the moving averages will repaint
Attached File(s)
File Type: ex4 RSIOMA.ex4   26 KB | 362 downloads
  • #15
  • Edited 10:25am Aug 13, 2023 8:16am | Edited 10:25am
First Version of Indicator, right now ist does not work well.
Please check and give some more information or ideas what I do wrong.
  • #16
  • Edited 10:44am Aug 13, 2023 10:28am | Edited 10:44am
New Version with possibilty to optimize trading conditions and define tradingtime (Based on Computertime)
Attached File(s)
File Type: ex5 EMA357911_2.ex5   24 KB | 299 downloads
  • #17
  • Aug 13, 2023 10:57pm Aug 13, 2023 10:57pm
Quoting eurodirk
New Version with possibilty to optimize trading conditions and define tradingtime (Based on Computertime) {file}
Attached File(s)
File Type: mq4 MA_Sarmal_V3.mq4   4 KB | 452 downloads
  • #18
  • Last Post: Aug 16, 2023 10:47am Aug 16, 2023 10:47am
Quoting FireScape
When the first candle closes outside of 21 bands, all emas on rsi should be crossed over 34, right? Other wise you’ll get a lot of choppy signals in sideways market for example when price finally closes below the bands, all emas haven’t crossed on rsi yet, this should filter this signals we don’t wait for all emas to cross in rsi again then wait for another candle close? {image}
Hi, Can you show me your rsi combine ema settings? ( i'm using tradingview)
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