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4H Strategy with RSX and Murray Math

  • #21
  • May 2, 2009 8:53pm May 2, 2009 8:53pm
As you can see RSX is perfect to spot the trend and it's changes.
If you use it with the other indicators it's great!!!
  • #22
  • May 3, 2009 2:38am May 3, 2009 2:38am
I have 2 open positions:

1 SHORT on GBPJPY TP 144
1 SHORT on EURUSD TP 1.3190

Basing on Price Action I will decide if to stick to my TP or move it up...
  • #23
  • May 3, 2009 4:46am May 3, 2009 4:46am
Look at this example....RSX is overbought (over 80), we have a signal from Final draft semafor and we are near an high Murrey Math level, so....SHORT on GBPJPY!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 31 KB
  • #24
  • May 3, 2009 5:25am May 3, 2009 5:25am
Another example. USDCHF is near Murrey Math line and overbought for both RSX and Semafor. Nice SHORT.
As you see setting your TP after 1,5 levels you would have made 100 pips, letting it go the max TP would have been 300 pips!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 26 KB
Click to Enlarge Name: usdchf2.gif Size: 32 KB
  • #25
  • May 3, 2009 12:31pm May 3, 2009 12:31pm
Nice thread zappolo.
I'll follow your strategy to see how it will go!!!
  • #26
  • May 3, 2009 12:51pm May 3, 2009 12:51pm
Why do you use both RSX and MA of RSX indicators? They are very similar....
  • #27
  • May 3, 2009 2:05pm May 3, 2009 2:05pm
Hi Zappollo,
I appreciate your sharing this system and selflessly starting this tread. It looks like you have put quite a lot of thought and experience into its design. I am very interested in using it on demo and maybe a live account eventually.

Is there an EA to automatically trade its signals?. You know the shift in forex trading is more towards auto trading and less of manual trading. I do very little manual trading. An EA best on your system may turn out to be one of the best in FF. Please give it a thought if you have not.


Huge thanks for sharing and hope we get an EA to trade this at some point. IMHO it would likely be phenominal.


Watube
  • #28
  • May 4, 2009 12:34am May 4, 2009 12:34am
Quoting kartika
Why do you use both RSX and MA of RSX indicators? They are very similar....
I use MA of RSX for exits (when O.B./O.S.) and RSX for entry!!!
  • #29
  • Edited 2:04am May 4, 2009 12:35am | Edited 2:04am
Quoting watube
Hi Zappollo,
I appreciate your sharing this system and selflessly starting this tread. It looks like you have put quite a lot of thought and experience into its design. I...
It could be a great idea...the problem is that I don't know mql4...
I never started studying it because it's a 4H system and I don't need to stay long time in front of the pc...
  • #30
  • Edited 6:46am May 4, 2009 6:26am | Edited 6:46am
Both GBPJPY and EURUSD are going right to TP.
By now I'll post here my trade with a graph to explain how my system works.
  • #31
  • May 4, 2009 6:50am May 4, 2009 6:50am
These are the graphs of EURUSD and GBPJPY.
As I said...they have started their trip to Take Profit!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 31 KB
Click to Enlarge Name: eurusd.gif Size: 27 KB
  • #32
  • May 4, 2009 7:22am May 4, 2009 7:22am
I am not a programmer. There are some ggod ones on FF. I have in the past seen threads where someone has made an open request for programmers to look at their system and create an EA or it. The response seems to have been always positive. If you made an open request you will have several programmers on FF looking at it and maybe sharing ideas. You (and the rest of us ) may be very pleasantly surprised by the end result. I like this system. Thanks again.
  • #33
  • May 4, 2009 7:53am May 4, 2009 7:53am
Quoting watube
I am not a programmer. There are some ggod ones on FF. I have in the past seen threads where someone has made an open request for programmers to look at their system and create an EA or it. The response seems to have been always positive. If you made an open request you will have several programmers on FF looking at it and maybe sharing ideas. You (and the rest of us ) may be very pleasantly surprised by the end result. I like this system. Thanks again.
What do you suggest, to try asking in this thread or to open a new thread?
  • #34
  • May 4, 2009 8:24am May 4, 2009 8:24am
ask in this tread first. A new thread for just that purpose specifically will likely get more programmers attention but i suggest you do that as a second option if you do not get responses on this thread. Thanks for giving it a thought.
  • #35
  • May 4, 2009 8:41am May 4, 2009 8:41am
Ok, I try.....Is there anibody interested in creating an EA that follows this strategy?
If so You can contact me via PM or here on the thread for the full explanation of the strategy and how can be made the EA!!!
Thanks to everyone interested!!!!
  • #36
  • May 4, 2009 11:09am May 4, 2009 11:09am
Quoting watube
ask in this tread first. A new thread for just that purpose specifically will likely get more programmers attention but i suggest you do that as a second option if you do not get responses on this thread. Thanks for giving it a thought.
I'll try to study MQL4...pheraps I can make the EA by myself.
  • #37
  • May 4, 2009 2:40pm May 4, 2009 2:40pm
Look at the topping on GBPJPY....patience i s the key!!!
  • #38
  • May 5, 2009 5:26am May 5, 2009 5:26am
As you can see on my Blo both GBPJPY and EURUSD are going down to TP.
By now I'll start to post and explain my new trades.
  • #39
  • May 5, 2009 11:11am May 5, 2009 11:11am
I have open another SHORT on GJ and taken the TP for both my SHORTS to 146
  • #40
  • May 5, 2009 1:26pm May 5, 2009 1:26pm
EURUSD is going to TP, while GJ is stil stalling....PATIENCE IS THE KEY
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 28 KB
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