it is just RSI Custom ind.
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DislikedHi TEB, hi guys, I love to make EA and now I settle my eyes on this thread. Something about the entry signal... is it after the last closed bar or the actual one? Is it only for scalping (Take Profit MUST be +10 and little more), or we can go to the stars or hell if the trend goes strong?
For to make a good EA I need to know better as I can the IDEA behind the strategy
Let's _______the forexIgnored
Dislikedanother question Teb, i m trying with 5 and 30 m charts but think sometimes it is too late to go in so i looking 1m and 5, the q is if the first possible trade after the last turn of the market is as show the attch, because we have to have 30 m in tune,thank uyo for sharing.
HugoIgnored
DislikedHi Teb,
I have just completed my first week of trying this system and I think I need to clarify a couple of things with you as I have not done as well as I think I should have. I understand the point of entry when there is a cross over of the EMA’s. However, please could you outline the exact point of entry for a pullback?
[font=Times New Roman][size=3]Also, I seemed have been flicked out a lot this week using a stop loss of 10. [color=blue]Would...Ignored
DislikedYes 10 pips only for the eur 20 otherwise
yes I use the last swing normally
(10 pips is only for the eur which I trade most of the time)
but it was a crazy week.
pull back is the 5 min change back to the 30 min trend
tebIgnored
DislikedSorry, I do not understand re-pullbacks... if price retraces back to the EMA, and touches/penetrates it, do you then enter a trade or do you wait for a bar close? I am not sure of the exact trigger point.
KeanIgnored
DislikedOk
lets say we are in an up trend
on the 30 min charts
we have the RSI and EMAs in an up trend.
Attachment
Here on the 5 min chart
The two pink boxes are the EMAs and the RSI resetting
ie. going down against the 30 min trend ( EMAs and the RSI on the 30 min chart)
They are resetting so we know we have the needed "pip room"
or pull back or price move back it retraces
The blue Arrows tell us to get in
The trend on the 5 min chart is coming in line with the 30 min chart trend
So we know the retracement is over
TEBhttp://cdn.forexfactory.com/images/s...m/big_grin.gif...Ignored
DislikedHow would you tell if the trend is not changing direction on the 5 minute chart? I know they always say that one should trade in the direction of the higher timeframe, but that does not always work out...Ignored
DislikedTEB, please correct me if you disagree.
et, what you are doing is stacking odds in your favour.
The 30m trend with strength (emas+rsi) gives you favourable probability.
The times that you trade are most likely to have short term trends and give you favourable probability.
The setups to enter give you favourable probability.
But nothing here adds up to 100% - so sometimes the 30m trend will be changing despite it still being up and the 5m flashing up. But that is one of the legitimate system losers and it could well have been a winner -...Ignored
DislikedOk
lets say we are in an up trend
on the 30 min charts
we have the RSI and EMAs in an up trend.
Attachment
Here on the 5 min chart
The two pink boxes are the EMAs and the RSI resetting
ie. going down against the 30 min trend ( EMAs and the RSI on the 30 min chart)
They are resetting so we know we have the needed "pip room"
or pull back or price move back it retraces
The blue Arrows tell us to get in
The trend on the 5 min chart is coming in line with the 30 min chart trend
So we know the retracement is over
TEBhttp://cdn.forexfactory.com/images/s...m/big_grin.gif...Ignored
DislikedThanks Teb…
So, the blue arrows show that the RSI is back above the 50 and that the EMA’s have crossed back over. Can you tell me where the trigger for a trade is? Is it when you see price touch the blue EMA? If so, do you take a new trade every time price returns and touches the blue EMA?
KeanIgnored