3 RSI crossover

Hey Pal, i know you dont know me but i'v learnt a litttle from you.thanks for recoding my indi. I keep calling myself the holy grail but to be more honest, you are my holy grail. i'm happy you posted on my thread!

Hi Pips Stunner and Forexflash! One question: seems that the main differnce in the indicators is thast Forexflash uses an applied price of 0 and Pips Stunner you use an applied price of 4. I'm no programmer and do not know the difference here. What is the relevance of this diference?
Thanks in advance!!

Ijebidiw!

Hi pipsstunner,

The system is very easy to code.

Let tell all the conditions. Can prove it with simple EA creation.

Entry condition? Exit /Close Condition?
When stop and reverse?

Any other filters?

0 means closing prices
4 means Median prices (high + low)/2

You can keep doubting, with God nothing is impossible.. Luke Chap. 1 vs 37.

my demo account on alpari us has been spoilt? i wonder who did it. its showing invalid account????????????????????????????????????

Most demo accts have to be renewed i think, they are deactivated by many brokers after about a month or so i think. simply go to file, open account and u'll be running again.

Regards

Pardy

Can anyone who understands this explain what he means by buy when all 3 RSI cross 50 upwards and vice versa for sell. Why not just use the longest period rsi that is the RSI 21. If the 21 has crossed over its certain the 4 & 8 will also have crossed over or in other words why do we need the RSI 4 & RSI 8? They seem to serve no purpose or am I getting this all wrong?

Hi Akukaya,

Please, could you try to provide a code that defines the number of trades allowed within any candlestick of any timeframe. It has to be a number that we can input please.

Regards.

D8d3.

can any tell me how can i put all three RSI 21,8,4, in one RSI indicator i am new i know thats stupid question for experience people here

Drag it from the Navigator window (View>navigator) into the same window as the first rsi.

Go to page one download the template file and place in your MT4 template folder. Custom indicators go in your MT4 indicator folder under your Expert folder. There are two template folder, the correct folder is at the same layer/level you see the Expert folder i.e. Crogram FilesMTbrokernametemplates

That's the easy way to do it since the work has already been done for you.
You can however do the same thing from scratch by attaching your first RSI to your chart and set adjust to your specs. Then drag the next one on top of it from the navigator window adjust to the next one, and change color etc as needed....
Repeat again for three RSI line. When your done you'll still have to give it a template name and save it or you'll have to go through the whole process again every time you put it on a chart. Another tip if you want it at the top of your template list just rename template with a '!', mark in front of it.
If you don't have a couple hundred templates save then you can skip this step. Be sure you shut down and restart Metatrader 4 when your done or you wont see the new indicators etc... If you have too many indicators stored in your indicator folder you can rename and place a # or ! in front of them to, to put them near the top of the list. I also found if you have too many indicators in your indicator folder you may have to take out some that you don't use very often to access see your favs... I've also found that sometimes you have to restart Metatrader more than once to see all your indicators too, At least in windows xp.... With windows vista you may get ghost copies which is a pain if you overload meta trader and it doesn't restart, you can delete all your indicators temp and they still show up and hang up mt4 when you reboot it. Can be a real pain if using Windows vista. I've even completely uninstalled MT4 my laptop and reinstalled it again and all my custom indicators would magicly reappear...
I use a flash drive to backup my templates and indicators to. Makes it easyer to move from one computer to another. Just make same folder names on your flash drive and copy all files/folders you need to duplicate your trading systems, Experts/Indicators etc. That way you'll have a back up if your hard drive ever crashes too.

Hope this helps....

thanks a lot sir

Anytime...

I doubt your account was 'condemed'. However, after 3 months your demo account will expire and you need to start over.

IMO, your Stop and Reverse system will cause your account(s) problems when the market ranges. Observe any stop and reverse system over time and you will see that it won't work. This is just my opinion based on countless hours of chart study.


Best of luck in your future trading.

Dan

i really love using simple systems to trade. sometimes i get faked out but that is life for you, nothing good comes easy. when i ride the trend its usually pips,pips & pips...... Here is another simple RSI crossover for those who love my simple pips system.

Test it and give feedbacks.

Open both 1 hr & 4 hr charts,then keep the template on the 1 hr chart.the 4 hr chart is to be kept open to help refresh the multi time frame indicator....
use asctrend sound as a kind of confirmation. Keep your screen clean 2 indis r enough....
Here Guys


Gbpjpy is giving a buy signal, i'm waiting for confirmation & i'll soon be ready to ride the trend.....

Happy Trading Day Guys!!!!!!

[ATTACH] [/ATTACH]

i dont have the source code of the color RSI indicator. Maybe someone could post it i'd love to take a look at the source code. By the way, from my 1 yr backtest on 5 charts the posted system is 85% profitable.. i'm working on a system that will be converted into an EA since i learnt my first system is only good for manual trading... Maybe this could be it!!!!



I will praise thee; for i am FEARFULLY and WONDERFULLY made.... Psalm 139 vs 14

Hi Pips Stunner,

I assume that you prefer the 4 setting instead of the 0 setting, correct? Is that because it gives a limited jigsaw in the RSI lines?

And yet anoter question: why do you suggest the 4,8, and 21 RSI? I'm in favor of the Fibonacci numbers and 8 and as well as 21 are in there, but not 4. It would be either 3 or 5. It may be insignificant but just to understand your reasoning...!

Again thanks for sharing!

Ijebidiw

i use RSI 21 for the trend and use 8 & 4 for filters.....

i use median prices to avoid being given plenty signals.....

Another one with 85% profitability factor? Sounds like you are pulling this number out of thin air... I wont even ask for a statement to see. Did you ever figure out how to do that yet?

Oh, and you dont need the 4h open for the MTF to work properly, that is why the MTF indicators were made, to decrease the number of charts open.