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Attachments: 3 RSI crossover
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3 RSI crossover

  • #41
  • Jun 4, 2009 7:08am Jun 4, 2009 7:08am
Quoting rare
hehehe...=D well i think you can get an alert like when the 3 rsi crosses below 50 it call ur attention to the pc with sound and pop up its not a fully automated system bt it seems to help i search FF for RSI with alert and i post if i find something useful.

the indi i named pips stunner does that!
  • #42
  • Jun 4, 2009 7:14am Jun 4, 2009 7:14am
Quoting Ronald Raygun
Which brings me to my next question...

How bad does the drawdown get? For example, how well does this system fare on March 18?
i donk know what a drawdown is but i know of the word & i dont know what happens on March 18..
  • #43
  • Jun 4, 2009 7:15am Jun 4, 2009 7:15am
Quoting pips stunner
the indi i named pips stunner does that!
When i opened the tpl only the mtf rsi loaled i just added this indi now thx again and yea nic pips
  • #44
  • Jun 4, 2009 7:20am Jun 4, 2009 7:20am
Quoting pips stunner
i donk know what a drawdown is but i know of the word & i dont know what happens on March 18..

Perhaps you should take a look if you want an EA =D
  • #45
  • Jun 4, 2009 7:26am Jun 4, 2009 7:26am
there is an easier way to trade this system & it can be done on a 1 minute chart but on bad days you will get lots of signals but u will still profit.if u need the method i'll post it later.

That brings me to the Question



HAS AN EA CODER BEEN FOUND?

I need help & Sleep. Tnx.

Jesus Loves us..
  • #46
  • Jun 4, 2009 7:42am Jun 4, 2009 7:42am
He said in bad weeks like the pair is not trending bt ranging it can destroy your account since its in automatic mode ur not close to monitor the trades its your profit and loss drawdown is your % of loose....as long as i understand pips you donīt have to go fot 25k pips a month...
You can go for 10 pips a day with ur system i think like work 1 hour or u just need to increase ur lot size....bt demo lot first and manage ur RR ratio per trade thats all you need...
  • #47
  • Jun 4, 2009 7:48am Jun 4, 2009 7:48am
Quoting Ronald Raygun
Perhaps you should take a look if you want an EA =D

if you can code it then i'll send you my 1 minute chart setting applied to opening prices this time. Forget the drawdown it will be highly profitable on the long run....
  • #48
  • Jun 4, 2009 7:49am Jun 4, 2009 7:49am
Quoting pips stunner
if you can code it then i'll send you my 1 minute chart setting applied to opening prices this time. Forget the drawdown it will be highly profitable on the long run....
Long run doesn't matter if the account is blown.
  • #49
  • Edited 7:58am Jun 4, 2009 7:54am | Edited 7:58am
Why do you use the MTF (or Multi-Time Frame) RSI if you are keeping them all on the current time frame? I use a similar strategy but for "safer" trades I will go in the direction of the higher timeframe (1h, 4h, Daily) RSI, which is what the MTF RSI indicators are for.

Also, how do you know you have made over 29,000 pips (as said in your first post) if you dont know how to create a statement in mt4?

I also am not sure if "stop and reverse" is the right phrase for this system. To me anyways, a stop and reverse system would stop you out then immediatly reverse the position. If this were done than the 3 RSI might not be above/below the 50 line. What happens if the 4 and 8 cross but then retrace back but you are already on the other side of the trade because of this SAR idea? I imagine you meant that you would get stopped out/take profit then wait for the next valid signal?

Just some thoughts since I too enjoy using the RSI for setups.

Edit: Now that Ronald is looking at it I know he can code it but only if you can show proof that it is profitable. You should check out his "How I rate Systems" link in his signature. Very informative!
  • #50
  • Jun 4, 2009 8:04am Jun 4, 2009 8:04am
i checked what happened on March 18.it didnt happen to all pairs just 2 or so. Thats what i call market monkey dance. going up and down the 50 line. its still profitable..check this out on a 1 min chart

What do you think about an EA of this for 1 min or 5 min charts?



My forex prophercy came true today whipsaws occured..

Attached File(s)
File Type: mq4 #MTF_CCI.mq4   4 KB | 1,388 downloads


Attached File(s)
File Type: tpl cci power i min power.tpl   3 KB | 1,165 downloads
  • #51
  • Jun 4, 2009 8:13am Jun 4, 2009 8:13am
Quoting pips stunner
What do you think about an EA of this for 1 min or 5 min charts?
I think it will lose a lot of money during off peak hours (think 2 pm EST to 7pm EST) on these charts and that you need a better exit...

And what are you giving us CCI for now? What does that have to do with anything?
  • #52
  • Jun 4, 2009 8:39am Jun 4, 2009 8:39am
Quoting traderjai_inhi
Why do you use the MTF (or Multi-Time Frame) RSI if you are keeping them all on the current time frame? I use a similar strategy but for "safer" trades I will go in the direction of the higher timeframe (1h, 4h, Daily) RSI, which is what the MTF RSI indicators are for.

Also, how do you know you have made over 29,000 pips (as said in your first post) if you dont know how to create a statement in mt4?

I also am not sure if "stop and reverse" is the right phrase for this system. To me anyways, a stop and reverse system would stop you out...






thank you.
  • #53
  • Jun 4, 2009 8:42am Jun 4, 2009 8:42am
Quoting traderjai_inhi
I think it will lose a lot of money during off peak hours (think 2 pm EST to 7pm EST) on these charts and that you need a better exit...

And what are you giving us CCI for now? What does that have to do with anything?

relax bro my system is 85% profitable cos i trade it non stop.when i'm satisfied for the week, i just exit.
  • #54
  • Jun 4, 2009 8:47am Jun 4, 2009 8:47am
Quoting pips stunner
thank you.

i opened a demo accnt of $1000 and traded it to $31,233 using 1 dollar per pip how many pips is that?
  • #55
  • Jun 4, 2009 11:21am Jun 4, 2009 11:21am
Here.....I recoded your indi....now it shows 3 TFs instantly!
You can chose all 3 TFs in indicator properties.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 3xrsi.gif Size: 28 KB
Attached File(s)
File Type: mq4 mtf_3xRSI.mq4   8 KB | 2,594 downloads
forexflash
  • #56
  • Jun 4, 2009 11:25am Jun 4, 2009 11:25am
Quoting pips stunner
i opened a demo accnt of $1000 and traded it to $31,233 using 1 dollar per pip how many pips is that?
Could post your demo statement please ?

Thank You

Skyline
  • #57
  • Jun 4, 2009 12:05pm Jun 4, 2009 12:05pm
There are lots of EA writers in our forum SteveHopewood, Dezil, Naningbob, mikomm, ferrufx and many others.

Three ppl who have already posted in your thread fflash, ron raygun and skyline are also very competent EA writers who have written many EA's.

Don't worry about the EA I'm sure it will be done if the coders are satisfied its a viable system..

You need to define the system clearly and answer any questions about the method so the writers are able to understand it completely in order to code it.

thanks for posting your system in here
  • #58
  • Jun 4, 2009 12:36pm Jun 4, 2009 12:36pm
pip stunner going over the charts i think you've done well because the market has been trending well lately ie after april 16. when did you start?

The system loses badly when the markets range, I very much doubt the system will be profitable long term simply because

1)the markets range much more than they trend
2)you're using stop and reverse and therefore give up a lot of your profit waiting for the reverse.


Now that I think of it I've never seen a stop and reverse long term profitable. simply because of the above reasons. Over time you'll give up your profit.

I think you need to incorporate some sort of stop and take profit methodology.

Anyway please don't consider this crticisim I just think the system aint going to work, although I very much hope I'm wrong for everyone benefit.

Thanks again for sharing
  • #59
  • Jun 4, 2009 2:04pm Jun 4, 2009 2:04pm
i stopped trading expecting a whipsaw and it occured...

login 106895
Password fd3jurd

Alpari us demo server.
i cant get my statement cos i cant find it everytime i save it to a designated location but you can get a glimpse of my demo account..


Put on the whole armour of God so you can be able to stand against all the wiles of the devil. Ephesians Chap. 6 vs 11.
  • #60
  • Edited 2:22pm Jun 4, 2009 2:07pm | Edited 2:22pm
Quoting FOREXflash
Here.....I recoded your indi....now it shows 3 TFs instantly!
You can chose all 3 TFs in indicator properties.

Regards
Dear Forexflash, thanks a lot for recoding the indicator, it helped a lot.

Pips Stunner, I made some analysis. I think this indi is not a holy grail. Every signal is not profitable. It gives fake signals especially when markets are at range and while pairs are trending you may not get a proper signal to ride the trend.

If you get many pips just looking these indicator, I think you get very lucky and this may not continue. I believe that success comes from knowledge. If you now basics of technical analysis, like support & resistance, price patterns and some fibonacci, it's really easy to make money in this business while currencies are trending. Adding some indicators to your trading strategy is always good but I still don't believe that someone can be profitable with just looking at one indicator's crosses at every market condition.
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