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  • #61
  • May 8, 2011 6:22pm May 8, 2011 6:22pm
Steve

Very interesting stuff.

Now, I know how to put the MA on the RSI, but would you be so good as to explain how you would calculated the MA of the RSI programatically? I know how to call RSI and how to call MA, but how to call the MA of the RSI... is beyond my current understanding.

Just that snippet would be very interesting and useful for me.

Cheers

Invisible
  • #62
  • May 8, 2011 6:39pm May 8, 2011 6:39pm
Quoting Invisible
Steve

Very interesting stuff.

Now, I know how to put the MA on the RSI, but would you be so good as to explain how you would calculated the MA of the RSI programatically? I know how to call RSI and how to call MA, but how to call the MA of the RSI... is beyond my current understanding.

Just that snippet would be very interesting and useful for me.

Cheers

Invisible
Bear in mind that this is a specific scalping strategy, so the Rsi is a period 8. Here is the code:

Inserted Code
double GetMa(int shift)
{
   
   //Returns the sma (3) of the Rsi(8)
   double RsiMa = iRSI(NULL, 0, 8, PRICE_CLOSE, shift);
   for (int cc = 1 + shift; cc <= 2 + shift; cc++)
   {
      double rv = iRSI(NULL, 0, 8, PRICE_CLOSE, cc);
      RsiMa+= rv;   
   }//for (int cc = 1; cc <= 3; cc++)
   RsiMa/= 3;
   
   return(RsiMa);

}//End double GetMa(int shift)
In the ea, the function places the result of the calculation in a variable the ea uses:
MaVal = GetMa(0);

MaVal is a previously defined variable used throughout the code. This particular function call comes from within my usual void ReadIndicatorValues() function, but can come from anywhere you chose. I expect you understand this already, and include the explanation on a just-in-case basis.

Have fun.

  • #63
  • May 8, 2011 6:43pm May 8, 2011 6:43pm
Steve-

Here's one called TDI that's being used over at the Trading Made Simple thread. I think it's identical except for an sma of 7. JJN-Promise is very similar but a bit smoother.

FWIW.
Attached File(s)
File Type: mq4 JJN-Promise.mq4   5 KB | 614 downloads
File Type: mq4 TDI Red Green.mq4   9 KB | 562 downloads
  • #64
  • May 8, 2011 6:52pm May 8, 2011 6:52pm
Quoting Pinhead
Steve-

Here's one called TDI that's being used over at the Trading Made Simple thread. I think it's identical except for an sma of 7. JJN-Promise is very similar but a bit smoother.

FWIW.
I know. I coded an ea for it that has its own thread, somewhere. Last week, I think. Not sure why I coded the ea - someone probably sent me a pm asking me to do it and I had a few minutes to spare.

Thing with custom indi's is this; calls to them from within an ea kills the cpu and slows the computer to a crawl. Custom indi's are best avoided when writing ea's. They are usually only a mixture of different standard indi's anyway, and their functions can usually be subsumed within an ea's code, assuming the indi source code is available. And if it isn't, the coder has something to hide and the indi is best avoided; I know of one exception to this.

  • #65
  • May 9, 2011 12:07pm May 9, 2011 12:07pm
Thanks for the explanation Steve. Very educational for me. Cheers!
  • #66
  • May 9, 2011 4:07pm May 9, 2011 4:07pm
Quoting SteveHopwood
I have seen it and will code it some time.

Great news guys. I just had a bath-lol.

This is merely The Beast with a different trade trigger, so all I have to do to code it is change the Sixths trigger to that of an x-candle reversal trigger.

I have bin a-learnin'. A contributor sent me some fantastic information about using Rsi last week. I am not at liberty to post this because it is copyright by the authour and not freely available.

I am able to make use of what I have learned; there is stuff in the pipeline that could make TB...
Hi Steve,
This is my second morning trading this strategy manually and it is pretty handy.....Now I understand 2 mornings doesn't a world beater make, but it's a start......I'll report.....
Looking forward to the EA...

Have a great day

whip
  • #67
  • May 9, 2011 4:18pm May 9, 2011 4:18pm
Quoting hiredwhip
Hi Steve,
This is my second morning trading this strategy manually and it is pretty handy.....Now I understand 2 mornings doesn't a world beater make, but it's a start......I'll report.....
Looking forward to the EA...

Have a great day

whip
I had intended making the adaptation today, but was not in a coding mood. Hang on in there.

  • #68
  • May 10, 2011 6:39am May 10, 2011 6:39am
Quote

Keep the ideas flowing guys. You suggest them and I will code them. We all know that most will end in the bin, but we only need to score a success every now and again to keep well ahead of the trading game.


Hi Steve,

I have a very simple system to suggest, one which has been working for me. I can't think of anything better to call it except "buy the bottom, sell the top". Its a system which capitalizes on rejections off the previous day's high and low.

Basically what gave me the idea is that I noticed that rejections off the previous day's high and low seemed to produce very robust movements, and typically follow through to a worthwhile extent.

Its not wholly unlike sixths trading. I divide the H1 chart into quarters each day at the open, with three extra quarters stacked on top of the 100% line, and three extra quarters stacked below the 0% line. 0 to 100% represents the total of the previous days trading range, from lowest point to highest point.

If price hits the previous days high, 100% line, I set a pending sell at the 75% line. If price hits the zero% line, previous days low, I set a pending buy at the 25% line.

If price hits 100% and doesn't retrace to 75% first, but instead continues up to 125%, then the pending sell gets moved to the 100% line. And so on to the 150%, and 175% level. Of course, opposite for the -25%, -50%, and -75% levels. Limits for set pending are 175% and -75%.

I don't attempt to set pendings beyond that. Ie if price hits 200% or negative 100% I just delete all pendings, considering the day to be wholly one sided.

Good TP targets are generally two 25% boxes, half the previous days trading range. Profits can be locked at 25%.

Charts show two examples, one of which, GC, I traded today and made some pips from. I was sleeping when the EJ trade went off, otherwise would have taken it.

Best-Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: shortgc.png Size: 239 KB
Click to Enlarge Name: longej.png Size: 220 KB
  • #69
  • May 10, 2011 6:50am May 10, 2011 6:50am
Quoting stevefx
Hi Steve,

I have a very simple system to suggest, one which has been working for me....

Really interesting Steve. Thank you
  • #70
  • May 13, 2011 5:02am May 13, 2011 5:02am
The idea with RSI and SMA or EMA seems to be a very good one.

I upload here 2 indi based on rsi and ema (one is mtf) and a template.

Timeframe used: H1

We need to find the winning combination and than i think Steve can make us an EA
Attached File(s)
File Type: mq4 RSI5-3EMA_MTF, 1H.mq4   9 KB | 751 downloads
File Type: ex4 MA_adaptive_rsi nrp.ex4   5 KB | 730 downloads
File Type: tpl ! rsi and ema.tpl   35 KB | 649 downloads
  • #71
  • May 13, 2011 5:57am May 13, 2011 5:57am
I am sorry for the extremely noob question, but how do I set the profit target and stop loss here? Say, I give it '100' it fails to trigger the next trade because of wrong SL.

Thanks!
  • #72
  • May 13, 2011 6:00am May 13, 2011 6:00am
Quoting Marcuss
The idea with RSI and SMA or EMA seems to be a very good one.

I upload here 2 indi based on rsi and ema (one is mtf) and a template.

Timeframe used: H1

We need to find the winning combination and than i think Steve can make us an EA
Cheers.

  • #73
  • May 13, 2011 1:35pm May 13, 2011 1:35pm
today was a perfect day for rsi ma

timeframe: m15
arrows: rsi cross ma on h1
Attached Image (click to enlarge)
Click to Enlarge Name: perfect day.gif Size: 35 KB
Attached File(s)
File Type: tpl ! rsi and ema (m15).tpl   43 KB | 616 downloads
  • #74
  • May 14, 2011 4:23pm May 14, 2011 4:23pm
Arising from here is a new toy to play with. I think this one is exciting.

http://www.forexfactory.com/showthre...32#post4618332

  • #75
  • May 18, 2011 11:03am May 18, 2011 11:03am
Quoting SteveHopwood
I have seen it and will code it some time.

Great news guys. I just had a bath-lol.

This is merely The Beast with a different trade trigger, so all I have to do to code it is change the Sixths trigger to that of an x-candle reversal trigger.

I have bin a-learnin'. A contributor sent me some fantastic information about using Rsi last week. I am not at liberty to post this because it is copyright by the authour and not freely available.

I am able to make use of what I have learned; there is stuff in the pipeline that could make TB...
Hi Steve,
Thought I would give you an update of my manual trading that really interesting template....
This a scalper setup with MPTM for guidance on H1 charts.....I know that this is not a scalper chart, but it is for me...
I just fire off a trade when I have a few minutes and it does pretty well...

Have a great day

whip
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 6 KB
  • #76
  • May 18, 2011 11:33am May 18, 2011 11:33am
Quoting hiredwhip
Hi Steve,
Thought I would give you an update of my manual trading that really interesting template....
This a scalper setup with MPTM for guidance on H1 charts.....I know that this is not a scalper chart, but it is for me...
I just fire off a trade when I have a few minutes and it does pretty well...

Have a great day

whip
Nice job Whip ....

One of the most successful traders I know scalps the 1H chart -
  • #77
  • May 18, 2011 12:54pm May 18, 2011 12:54pm
Quoting macman
Nice job Whip ....

One of the most successful traders I know scalps the 1H chart -
Thanks for that Macman.......Steve provides us with alot of great stuff and I just have to try them out.........I just got a PM asking where that template was......A very informative post #60.....

whip
  • #78
  • May 29, 2011 8:30am May 29, 2011 8:30am
I am expecting that whether the RSI/SMA crossover 1H strategy will be written as an EA?
  • #79
  • May 29, 2011 7:29pm May 29, 2011 7:29pm
Hi Steve,
Finally have some time to spare and I'm going to start posting results.....I hope you are still running what I have on demo.....

whip
Attached File(s)
File Type: pdf The Captain - Hiredwhip.pdf   101 KB | 1,559 downloads
File Type: pdf Manual_Trading_Post_#60_Template - Hiredwhip.pdf   93 KB | 1,334 downloads
  • #80
  • May 29, 2011 7:45pm May 29, 2011 7:45pm
Quoting hiredwhip
Hi Steve,
Finally have some time to spare and I'm going to start posting results.....I hope you are still running what I have on demo.....

whip
Truth to tell, I had forgotten about this.

Time to look at it again.

Cheers
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