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Simple Systematic Double RSI/Fisher system- 1h-D Time Frames

  • #161
  • Jul 4, 2014 12:25pm Jul 4, 2014 12:25pm
Quoting tillandran
{quote} I am using this for Daily TF only. I have no rules for TP as I am testing this strategy. Anything between 50 - 100 pips for TP looks good.
Great! I try to use it for D1 too, but my results are not so great for now, because i take not so many pairs. And what are your SL? It's importat to know, when it's better to exit the loss trade and when it's better to give it some room to breathe.
Must say that today it was a signal for a not good entry on EUR/AUD. It was first loss signal while i am looking this system. But there is one thing that could filter this loss trade. It's a range on RSI indicator that lasts more than a week now. You can see it in a picture below. I guess in such situations it's better to stay away from entry.

Attached Image (click to enlarge)
Click to Enlarge Name: Безымянный.png Size: 13 KB
  • #162
  • Jul 4, 2014 2:39pm Jul 4, 2014 2:39pm
Quoting toledoFX
{quote} Great! I try to use it for D1 too, but my results are not so great for now, because i take not so many pairs. And what are your SL? It's importat to know, when it's better to exit the loss trade and when it's better to give it some room to breathe. Must say that today it was a signal for a not good entry on EUR/AUD. It was first loss signal while i am looking this system. But there is one thing that could filter this loss trade. It's a range on RSI indicator that lasts more than a week now. You can see it in a picture below. I guess in such...
One suggestion on dealing with ranging would be using the Daimiami indicator. Note that during the period when the RSI was ranging, the Daimiami indicator would have indicated DO NOT TRADE.

As for today, trades on D1 can be over days so you need to accept that there is going to be drawdown and one must be patient as that can turnaround over days. Also, Fridays are not normally a good day for trading, except when its a NFP report day.

Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 70 KB

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File Type: mq4 Damiani_volatmeter.mq4   3 KB | 596 downloads
  • #163
  • Jul 5, 2014 5:18am Jul 5, 2014 5:18am
Quoting toledoFX
{quote} Great! I try to use it for D1 too, but my results are not so great for now, because i take not so many pairs. And what are your SL? It's importat to know, when it's better to exit the loss trade and when it's better to give it some room to breathe. Must say that today it was a signal for a not good entry on EUR/AUD. It was first loss signal while i am looking this system. But there is one thing that could filter this loss trade. It's a range on RSI indicator that lasts more than a week now. You can see it in a picture below. I guess in such...
hey toledo. the chart you posted only one trade was valid. and it was a good trade. which trade you took that was a loss?
  • #164
  • Jul 6, 2014 11:41am Jul 6, 2014 11:41am
Quoting saticdoor86
{quote} hey toledo. the chart you posted only one trade was valid. and it was a good trade. which trade you took that was a loss?
Here is the chart. After candle with vertical yellow line there was an entry. Entry on the start of friday. Tell me if i am wrong, please.
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 33 KB
  • #165
  • Jul 8, 2014 1:30am Jul 8, 2014 1:30am
its a invalid trade cause RSI 2 cuts RSI 12 the bar before not, at the bar you bought.

hope that explains it.
  • #166
  • Jul 8, 2014 4:01pm Jul 8, 2014 4:01pm
Quoting saticdoor86
its a invalid trade cause RSI 2 cuts RSI 12 the bar before not, at the bar you bought. hope that explains it.
Oh, ok ! I understand now. The whole cross should be complited during only one candle. Thank's!
  • #167
  • Last Post: Mar 26, 2015 8:38pm Mar 26, 2015 8:38pm
Anyone following this system?
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