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RSI Entry help needed

  • #1
  • First Post: Nov 28, 2010 11:00am Nov 28, 2010 11:00am
Can someone help to add RSI 9:
Buy > 55
Sell < 45
Attached File(s)
File Type: mq4 MARibbonbreakevenTime1.mq4   12 KB | 396 downloads
  • #2
  • Nov 28, 2010 11:18am Nov 28, 2010 11:18am
Try this I hope it helps.
Attached File(s)
File Type: mq4 MARibbonbreakevenTime1_edit.mq4   12 KB | 343 downloads
  • #3
  • Nov 28, 2010 11:46am Nov 28, 2010 11:46am
Quoting fabje
Try this I hope it helps.

Thanks for the help. I am getting this error:

2010.11.28 11:44:00 2010.09.08 00:05 MARibbonbreakevenTime1_edit-12 EURAUD,H4: OrderSend error 130

I want it to enter buy/sell with rsi after the ma's have crossed. I appreciate your help!
  • #4
  • Nov 28, 2010 12:00pm Nov 28, 2010 12:00pm
Quoting knucklehead
Thanks for the help. I am getting this error:

2010.11.28 11:44:00 2010.09.08 00:05 MARibbonbreakevenTime1_edit-12 EURAUD,H4: OrderSend error 130

I want it to enter buy/sell with rsi after the ma's have crossed. I appreciate your help!
The OrderSend error 130 is about this.
  • #5
  • Nov 28, 2010 12:19pm Nov 28, 2010 12:19pm
Quoting fabje
The OrderSend error 130 is about this.

I got it working...the S/l should have been at zero. Working great, needs a little fine tuning, but thanks. I owe ya one!
  • #6
  • Nov 28, 2010 12:54pm Nov 28, 2010 12:54pm
Quoting knucklehead
I got it working...the S/l should have been at zero. Working great, needs a little fine tuning, but thanks. I owe ya one!
Good to hear that
Oh and is it profitable?
  • #7
  • Nov 28, 2010 1:45pm Nov 28, 2010 1:45pm
Quoting fabje
Good to hear that
Oh and is it profitable?

It worked very well, but I noticed it had three ma's in it. I tried to fix that and now it won't run.
  • #8
  • Nov 28, 2010 2:05pm Nov 28, 2010 2:05pm
Quoting knucklehead
It worked very well, but I noticed it had three ma's in it. I tried to fix that and now it won't run.
Well I see in your code that you have 12 MA's.

Can you maybe show a picture in Metatrader it self how the EA should trade? And in text what the rules are? Maybe I can fix it for you.
  • #9
  • Nov 28, 2010 8:53pm Nov 28, 2010 8:53pm
Here it is. If the fast ma is above the slow ma, and then the rsi 9 is above the 55, then buy.

If the fast ma crosses below the slow ma, and then the rsi 9 is below the 45, then sell.

Exit is when the ma's cross again.

The ma's will always cross before the rsi crosses the 45/55 levels.

There are two lwma's, set as 1 and 3 for default.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-28eu.gif Size: 27 KB
  • #10
  • Nov 29, 2010 6:17am Nov 29, 2010 6:17am
Quoting knucklehead
Here it is. If the fast ma is above the slow ma, and then the rsi 9 is above the 55, then buy.

If the fast ma crosses below the slow ma, and then the rsi 9 is below the 45, then sell.

Exit is when the ma's cross again.

The ma's will always cross before the rsi crosses the 45/55 levels.

There are two lwma's, set as 1 and 3 for default.
I think I can help you with this. Will take a look at it when i'm back from my work
  • #11
  • Nov 29, 2010 11:29am Nov 29, 2010 11:29am
Cool. Let me know if you need anything else.
  • #12
  • Edited 5:13pm Nov 29, 2010 3:21pm | Edited 5:13pm
Quoting knucklehead
Cool. Let me know if you need anything else.
I see that you use a template? Can you upload that?

Edit:
I used a code of myself and I only thing I need to program now is that I needs to close a trade when the ma's cross again.

I also added a screenshot of a backtest result from 2000-04-01 until 2010-11-27
Only my history data isn't complete that's why I got a big loss at the end.
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 8 KB
  • #13
  • Nov 29, 2010 6:03pm Nov 29, 2010 6:03pm
Quoting fabje
I see that you use a template? Can you upload that?

Edit:
I used a code of myself and I only thing I need to program now is that I needs to close a trade when the ma's cross again.

I also added a screenshot of a backtest result from 2000-04-01 until 2010-11-27
Only my history data isn't complete that's why I got a big loss at the end.

Here you go...
Attached File(s)
File Type: tpl 27lwma.tpl   11 KB | 365 downloads
File Type: mq4 RSI-TC.mq4   5 KB | 359 downloads
File Type: mq4 rsi chart bars.mq4   3 KB | 348 downloads
  • #14
  • Nov 30, 2010 2:08pm Nov 30, 2010 2:08pm
Well I coded now the exit on MA cross, when I backtest it I get some very bad results. This comes because the cross of MA is to slow
I will suggest you use a TrailingStop and TargetStop with a good StopLoss it is a lot more profitable.
  • #15
  • Nov 30, 2010 6:05pm Nov 30, 2010 6:05pm
Quoting fabje
Well I coded now the exit on MA cross, when I backtest it I get some very bad results. This comes because the cross of MA is to slow
I will suggest you use a TrailingStop and TargetStop with a good StopLoss it is a lot more profitable.

It needs to have a breakeven built in. About 20 pips should do it. I sused a trailing stop of 20 and and tp of 100 with very good results
  • #16
  • Nov 30, 2010 6:33pm Nov 30, 2010 6:33pm
Quoting knucklehead
It needs to have a breakeven built in. About 20 pips should do it. I sused a trailing stop of 20 and and tp of 100 with very good results
Check your mail
  • #17
  • Last Post: Nov 30, 2010 8:53pm Nov 30, 2010 8:53pm
I adjusted some of the settings and am getting good results. let you know when it is good to go.
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