1M & 5M Scalping System (Scalping Paradise) 21 replies
Scalping with crossover system 0 replies
using a RSI (7-14-21-28) already give you multiple timeframes
On the 15 minute chart:
RSI 7 is RSI 7
RSI 14 is the RSI 7 on the 30 minute chart
RSI 21 is the RSI 7 on the 45 minute chart which Metatrader does not have &
RSI 28 is the RSI 7 on the 1hr chart.
When you need to use MTF Indicators, on lower TF you Multiply the indicator by the amount that the TF is less.
ie. to get a 5 EMA from the 1hr chart on a 15 minute chart you need to use a 20 EMA (5x4). This is more or less how it works.
DislikedLike everyone out there I had to play with this a little. I put a 7,14,21,28 rsi on my chart and I like the way it works on a five minute chart. It works between 6am eastern and 10am eastern. Start at 6 and when you get 50 pips or whatever is your limit [fishing for pips] go do whatever else you like. Like living. I have a 14 and a 21 ma and a moving average crossover alarm at 3/34. I have a simulator that I use to help, and the fact that these don't repaint makes it great. Here is a chart.Ignored
DislikedOn the 15 min chart is the trend of the Hull Moving (21) bearish (red) but all the RSI (7-14-21-28) are green.
On the 5 min chart is the trend of the Hull Moving (21) bullish (green). All the RSI (7-14-21-28) are green. The green candle appears after a retracement.
[size=3][b]On the 1 min chart is the trend of the Hull Moving (21) bullish (green). All the RSI (7-14-21-28) are green and the trend is already beginned.
The profit is limited to the outer Bollinger Band because the trend on the 15 min...Ignored
DislikedHappened to this thread..Anyone still around and interested? BrianIgnored
DislikedDoes anyone know of a script that lets you enter 'buy-stop' and 'sell-stop' orders with preset T/Ps and S/Ls? That would make trading this system manually a lot easier.Ignored
DislikedCongratulations, the idea of using pj-overRSI period 21 and 50 is brilliant! With some additional filters it is tradeable at professional level with hit rate around 90 %. Not often have I found so good ideas in FF.
Dislikedhas this system actually worked for anyone ?Ignored