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Weekendpiggies scalping system

Quoting draco76x
Hi Eaty,

Will it be possible to mod your indicator Pj-over RSI.mq4 to input the time frame we want??

I would like test whether using 3 differnent time frame on one chart e.g 5m, 15m & 30m will it made a difference using RSI (7-14-21-28) setting.

Tks.
It is not my indicator. I get it from FF.
Quoting draco76x
Hi Eaty,

Will it be possible to mod your indicator Pj-over RSI.mq4 to input the time frame we want??

I would like test whether using 3 differnent time frame on one chart e.g 5m, 15m & 30m will it made a difference using RSI (7-14-21-28) setting.

Tks.
Hi draco,
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.

M&M
Quoting Fx1618
Hi draco,
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.

M&M
Thanks for the info.
VERY GOOD SYSTEM
Quoting saab87
Like 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.
Hi

do u have template for your chart ?

Thanks
Hello Ayseaf,

Can you please explain how this works? Can you also give me some tips on how to make more profit than losses, I am very new in the game and I'm anxious to learn fast.

Thanks

Iyke
Haha you know guys i something use this system and it was surprise to see it here on FF.
Aut cum scuto, aut in scuto
Quoting profitmonit
Haha you know guys i something use this system and it was surprise to see it here on FF.
so what feedback can you give on it? has it been working for you? any suggestions for improvements?
Quoting firdaus10
so what feedback can you give on it? has it been working for you? any suggestions for improvements?
It's a silly question if it wasn't i wouldn't use it
Aut cum scuto, aut in scuto
Happened to this thread..this is just the right kind of setup..moving in the right direction.

Get a 5 min "signal" confirm the trend agrees on M15, then go to
M1 for correct entry. Seems this could be tweaked pretty
easily to the next level.

Anyone still around and interested?

Brian
Quoting balouf
On 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...
Quoting golden1
Happened to this thread..Anyone still around and interested? Brian
Hi Brian, I found it because you posted. Strange that it just stopped. Maybe eaty and/or some of the others will return if we post for a while.

I am testing another system right now but I will set this up in my spare time.
I am still interesting in this thread.
Give examples!
Also interested, stumbled on it searching for scalping systems, looks good though
ek24, haven't heard from you in a while. Any update on your EA for the original strategy? I'm still trading it manually, because the last one wouldn't open trades for me.

fxbr
Does 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.
I think we can filter some false signals with stochastic. Here some examples. May be somebody can code this...
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Congratulations, 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.
Cheers!
Quoting fxbr56
Does 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.
Look at the 'easy' EA thread under commercial 'evaluating' it sounds like what you are looking for.
Quoting Indrek
Congratulations, 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.
Cheers!

has this system actually worked for anyone ?
Quoting whatfx
has this system actually worked for anyone ?
No system that is posted in a public forum works exactly as it is put. But many ideas work perfectly with some adjustments that are - of course - up to any trader's taste and choice.
If you read carefully my last post then you see that I was speaking about 90 % hit rate.
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