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"ElePhAnTastic" Strategy

  • #61
  • Nov 7, 2011 3:32am Nov 7, 2011 3:32am
Quoting bullzeye
Many Thanks buddy! much appreciate I think both versions are needed. I will check it Monday...
You're welcome my friend.

Here's the final edition. Been tested and working properly.

*** 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_final.mq4   5 KB | 498 downloads
  • #62
  • Nov 7, 2011 9:38am Nov 7, 2011 9:38am
Thanks again grandaevus .

Not to many signals come from this combo is there. I guess that is good. A lot of stuff is filtered and only high probablity trades are taken. Has anyone had any signals in the US session? Maybe I am just missing them.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #63
  • Nov 7, 2011 9:49am Nov 7, 2011 9:49am
Alerted analyze buy around 1.3680 when rsx was oversold and it went almost 60-70 pips up
  • #64
  • Nov 7, 2011 9:57am Nov 7, 2011 9:57am
Unfortunately, that was before the US open, and I was still sleeping. I am in EST. I am looking at this in the M5 timeframe and have a couple of EU setups since the US open though. Will have to tighten the take profit I guess.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #65
  • Nov 7, 2011 10:01am Nov 7, 2011 10:01am
Where did you take your trade on the EU long anyway? I show oversold, but then it fell further, which would have taken out your stoploss. It did not go up unitl there was divergence. Could you post your chart on this one? That might be helpful for me. Here is what i saw...This is M15 chart by the way.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #66
  • Nov 7, 2011 10:09am Nov 7, 2011 10:09am
I'd like to thank bullzeye for sharing his method ......also grandaevus for coding the new rsx

You guys rock

seems to me the rsx is better than stoch as my scalping arsenal...
Lets make some green pips
  • #67
  • Nov 7, 2011 11:20am Nov 7, 2011 11:20am
Quoting capstone
Where did you take your trade on the EU long anyway? I show oversold, but then it fell further, which would have taken out your stoploss. It did not go up unitl there was divergence. Could you post your chart on this one? That might be helpful for me. Here is what i saw...This is M15 chart by the way.
I usually take EU with 25 pips stoploss and 25 trailing stop. Also in the previos post I have attached chart...waiting for bounce...now away from desktop..will not be able to post today.but will try tomorrow to post.
  • #68
  • Nov 8, 2011 4:57am Nov 8, 2011 4:57am
Touched daily RS1 but RSX is not completely oversold. May be the reason, RSX final is still not showing alert.

I have also added following function in the RSX final for sending email for "Analyze Buy" and "Analyze sell"

int mail_fun(string mail_txt)
{
int Mail_Retry = 3;
while (Mail_Retry > 0){
SendMail(Symbol( ) + " ; Analyze Buy", Symbol( ) + " ; Analyze Buy");
if(GetLastError() == 4061)
Mail_Retry--;
else break;
}
}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd.gif Size: 22 KB
  • #69
  • Nov 8, 2011 5:32am Nov 8, 2011 5:32am
Quoting AbhijetPandi
Touched daily RS1 but RSX is not completely oversold. May be the reason, RSX final is still not showing alert.

I have also added following function in the RSX final for sending email for "Analyze Buy" and "Analyze sell"

int mail_fun(string mail_txt)
{
int Mail_Retry = 3;
while (Mail_Retry > 0){
SendMail(Symbol( ) + " ; Analyze Buy", Symbol( ) + " ; Analyze Buy");
if(GetLastError() == 4061)
Mail_Retry--;
else break;
}
}
Final version waits for the candle to close. As far as I could see, rsx never closed above 80 level in your chart.

rsx_v04a doesn't wait for the candle to close. Whenever rsx touches OB/OS areas, it gives an alert.
  • #70
  • Nov 8, 2011 8:10am Nov 8, 2011 8:10am
USD/JPY Analyze Buy on 15M
  • #71
  • Edited 9:25am Nov 8, 2011 8:27am | Edited 9:25am
sell setup on GbpUsd M5

Short @ 1.6090 SL: 1.6110

close @ 1.6089
Attached Image (click to enlarge)
Click to Enlarge Name: scr.jpg Size: 90 KB
  • #72
  • Nov 8, 2011 9:19am Nov 8, 2011 9:19am
sell setup on EurUsd M5

short @ 1.3830 close @ 1.38
Attached Image (click to enlarge)
Click to Enlarge Name: scr.jpg Size: 84 KB
  • #73
  • Nov 8, 2011 9:44am Nov 8, 2011 9:44am
looking for a possible short setup on GpbUsd M5
Attached Image (click to enlarge)
Click to Enlarge Name: scr.jpg Size: 82 KB
  • #74
  • Nov 8, 2011 10:23am Nov 8, 2011 10:23am
I am using your set up Grand...Took a couple points out of the GU. I am curious how you mark your entry. Are you waiting to see divergence or just a break away from a pivot once rsx shows OB/OS. I have noticed that the rsx does not seem to be honest when it first shows OB/OS, but divergence verifies the initial signal. Thoughts?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #75
  • Nov 8, 2011 10:38am Nov 8, 2011 10:38am
Quoting capstone
I am using your set up Grand...Took a couple points out of the GU. I am curious how you mark your entry. Are you waiting to see divergence or just a break away from a pivot once rsx shows OB/OS. I have noticed that the rsx does not seem to be honest when it first shows OB/OS, but divergence verifies the initial signal. Thoughts?
First, I analyze rsx cycles and compare them with Elliot Wave Cycles
Second, I watch the pa around pivot points and wait for a reversal candle stick pattern
  • #76
  • Nov 8, 2011 10:43am Nov 8, 2011 10:43am
H&S pattern forming on EurUsd. in next down cycle, pa can test 1.3060-1.3050
Attached Image (click to enlarge)
Click to Enlarge Name: scr.jpg Size: 85 KB
  • #77
  • Nov 8, 2011 1:20pm Nov 8, 2011 1:20pm
Short @ 1.61146 GbpUsd M5
Attached Image (click to enlarge)
Click to Enlarge Name: scr.jpg Size: 87 KB
  • #78
  • Nov 8, 2011 1:39pm Nov 8, 2011 1:39pm
possible short setup @ EurUsd M5
Attached Image (click to enlarge)
Click to Enlarge Name: scr.jpg Size: 92 KB
  • #79
  • Nov 8, 2011 1:43pm Nov 8, 2011 1:43pm
Grand, if you do not mind saying, how was the day for you with these signals?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #80
  • Nov 8, 2011 1:44pm Nov 8, 2011 1:44pm
+150 pips so far
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