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"ElePhAnTastic" Strategy

  • #41
  • Nov 2, 2011 8:40pm Nov 2, 2011 8:40pm
Quoting bullzeye
Hi jonirrenicus , good to have you here with us

thats sounds great to me. That mean the system is probably working in the long run? Maybe you can share your experiences over the past two years...

Can you show us your charts, so we can work together on it

What kind of indis do you use?

I am looking forward to hear more from you...

bullzeye
I just show you a picture then I will reply no more.

I hope you can create a better sys by your own.

Three red lines three green lines are the weekly pivot. (M5-M15 use Daliy pivot I perfer higher TF:-))

When the price is between first red & green line, you trade the range.

When the price breach the first line it will head for the last line, you ride the trend.

Sometimes the price breach the first line but return at second line, you must have to breakeven if it happens.

Only three rules, I studied for almost two years. For Entry & Exit details, you have to try your own way.
Attached Image (click to enlarge)
Click to Enlarge Name: exp.png Size: 30 KB
No one wants to be defeated~
  • #42
  • Nov 2, 2011 11:47pm Nov 2, 2011 11:47pm
Quoting bullzeye
AbhijetPandi thanks for your chart.

But i wouldn't take this trade...RSX isn't overbought yet and we don't have a clear bounce of the pivot

bye

bullzeye
Finally, this trade did not turned well. It had touched the resistance but as you said was not clear bounce of the pivot.
  • #43
  • Nov 3, 2011 2:50am Nov 3, 2011 2:50am
A trade on EJ considering divergence of rsx worked very well. Entered at 106.80 and it is still going. Ur rules looks easy to catch and works well. Thanks.
  • #44
  • Nov 3, 2011 5:43am Nov 3, 2011 5:43am
took first trade on USDCAD. A reversal with divergence on RSX from a mid pivot point. I honestly did not take it all the way to the next pivot point however. I exited at the 21 SMA, which also coincides with the structure point set earlier today.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 18 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #45
  • Nov 3, 2011 6:50am Nov 3, 2011 6:50am
Quoting TechTrader
A trade on EJ considering divergence of rsx worked very well. Entered at 106.80 and it is still going. Ur rules looks easy to catch and works well. Thanks.
I am glad to hear TechTrader!

I wish you many pips furthermore
  • #46
  • Nov 3, 2011 6:53am Nov 3, 2011 6:53am
Quoting capstone
took first trade on USDCAD. A reversal with divergence on RSX from a mid pivot point. I honestly did not take it all the way to the next pivot point however. I exited at the 21 SMA, which also coincides with the structure point set earlier today.
Nice trade capstone

It seems to be the divergences on RSX deserves more attention...
  • #47
  • Nov 3, 2011 6:59am Nov 3, 2011 6:59am
EUR/USD

Look on this one, what a sexy setup: RSX overbought and the pair fails lovely on the pivot with a nice doji.

greetz

bullzeye

Attached Image (click to enlarge)
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  • #48
  • Nov 3, 2011 7:06am Nov 3, 2011 7:06am
Interesting... That indicator did put the Daily R1 at that spot. It was much lower. Wonder why?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #49
  • Nov 3, 2011 7:30am Nov 3, 2011 7:30am
i made a small trade on m5 E/U buy...it was good for 36 Pips

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 23 KB
  • #50
  • Nov 3, 2011 7:34am Nov 3, 2011 7:34am
Quoting capstone
Interesting... That indicator did put the Daily R1 at that spot. It was much lower. Wonder why?
hmmm? depends on the broker?
  • #51
  • Nov 3, 2011 7:40am Nov 3, 2011 7:40am
That is what i am thinking....i have tried to adjust a few things, but nothing changes. I am with Oanda and they have the day set to start at midnight, EST, which is 5 hours off of GMT. That could be the difference.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #52
  • Nov 3, 2011 8:12am Nov 3, 2011 8:12am
I do not know anything about coding this stuff, but it would be great if the RSX had an alert for OB and OS. Anyone?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #53
  • Edited Nov 5, 2011 2:18am Nov 4, 2011 11:33pm | Edited Nov 5, 2011 2:18am
Quoting capstone
I do not know anything about coding this stuff, but it would be great if the RSX had an alert for OB and OS. Anyone?
Mission Accomplished


*** rsx_v02, a new version uploaded
Attached File(s)
File Type: mq4 rsx_v02.mq4   4 KB | 431 downloads
  • #54
  • Nov 5, 2011 1:32am Nov 5, 2011 1:32am
Quoting grandaevus
Mission Accomplished
Great work grandaevus!

I am looking also very long time for such a version of rsx

Thank you my friend
  • #55
  • Nov 5, 2011 1:45am Nov 5, 2011 1:45am
Easy! Easy! Easy! great system to be followed. It is very profitable and applicable because works on small timeframe like 15 min chart with small SL. At aggressive trending days 2 stops being hit would be easily covered with the next successful trade.
  • #56
  • Nov 5, 2011 11:46am Nov 5, 2011 11:46am
Thanks for the work!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #57
  • Nov 5, 2011 11:08pm Nov 5, 2011 11:08pm
Quoting bullzeye
"ElePhAnTastic" Strategy


So lets go to the facts, we need two constellations:

1) RSX in oversold/overbought area
2) Pair bounced of the Pivot

  1. Wait for candle close
  2. R:R ratio of 1:2
  3. Please follow your moneymanagement
  4. Don`t trade on News-Events
  5. Please set a stoploss



Charts will follow in next days, also live trades. Please notice: I am not an advanced...

bullzeye , for the final coding, let me ask you smt about OB/OS condition to make it clear.

Should Indicator wait for the candle to close to check OB/OS to give an alert?

I mean, lets say, rsx touches 80 or 20 but candle hasn't been closed yet.

Should it give an alert at that moment or should it wait for the candle to close for a clear confirmation?

Thanks in advance.
  • #58
  • Edited Nov 6, 2011 10:58pm Nov 5, 2011 11:59pm | Edited Nov 6, 2011 10:58pm
I've prepared two versions for both conditions

rsx_v04a , doesn't wait for the candle to close. if rsx touches OB/OS levels , it gives an alert

rsx_v04b, waits for the candle to close. Opening of each candle, checks last bar for OB/OS , and gives an alert.
Attached File(s)
File Type: mq4 rsx_v04a.mq4   4 KB | 364 downloads
File Type: mq4 rsx_v04b.mq4   5 KB | 381 downloads
  • #59
  • Nov 6, 2011 3:46am Nov 6, 2011 3:46am
Quoting grandaevus
I've prepared two versions for both conditions

rsx_v03a , do not wait for candle to close. if rsx touches OB/OS levels , it gives an alert

rsx_v03b, waits for candle to close. Opening of each candle, checks last bar for OB/OS , and gives an alert.
Many Thanks buddy! much appreciate I think both versions are needed. I will check it Monday...
  • #60
  • Nov 7, 2011 12:39am Nov 7, 2011 12:39am
Waiting for signals to bounce from Pivot and also since RSX is touching oversold.
Attached Image (click to enlarge)
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