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Attachments: MTF RSI Trading System
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MTF RSI Trading System

Quoting fguru
Thanks for clearing that up, Groenie.
Thanks for uploading the new version of the indicator.

I have one question: Shouldn't there be a difference when I switch between "Show_Bar_Close" false and true? Because all the colors and numbers remain the same, doesn't matter if I choose false or true. I thought if I choose false then the indicator would show me the RSI reading of the current candle?

Quoting Groenie
{quote} Also you have an interesting indicator there yourself, would it be possible for you to upload it (with or without source code) for some inspection?{file}
Since I don't know which indicator you meant, I am attaching both.

The ALL RSI v1.0 indicator is the one at the bottom window of my screen. You can choose your favorite time frames and it will display them side by side.

The other indicator (CapitoIntraday) is on the right top corner of my screen. The arrows are blue/point up when the RSI (3) direction of the current candle is up and they point down/turn red when the RSI direction of the current candle is down. The RSI numbers are also displayed. Unfortunately I do not have the source code.
Attached Files
File Type: mq4 All RSI v1.0.mq4   9 KB | 1 download
File Type: ex4 CapitoIntraday.ex4   14 KB | 1 download
Quoting fguru
Thanks for uploading the new version of the indicator. I have one question: Shouldn't there be a difference when I switch between "Show_Bar_Close" false and true? Because all the colors and numbers remain the same, doesn't matter if I choose false or true. I thought if I choose false then the indicator would show me the RSI reading of the current candle? {quote} Since I don't know which indicator you meant, I am attaching both. The ALL RSI v1.0 indicator is the one at the bottom window of my screen. You can choose your favorite time frames...
I should rename that variable... my mistake

Show_Bar_Close enables/disables the counter that shows the time until the current bar closes (check out the user manual if some of the options are unclear)

The indicator does not give you the option to choose between the current and previous RSI bars because txfxtrader's strategy works only with the previous bar. I will send you a pm concerning the current bar closes though.

Also, thanks for the indicators, I was meaning the All_RSI one that displays the mini RSI lines in the indicator window. I'd like to have that display all 7 timeframes if possible so I'm glad you have the source.
Attached Image
I understand, ok that was me thinking wrong then.

Yes, you can see all time frames you want with the ALL RSI indicator. See attached image.

I will check out your manual now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 66 KB
Quoting fguru
I understand, ok that was me thinking wrong then. Yes, you can see all time frames you want with the ALL RSI indicator. See attached image. I will check out your manual now. {image}
That is perfect, it will give a nice overview of everything, I love it

From your screenshot I also see a visual issue with the little speaker icon, I'll fix that in the next update
RSI Mini Charts indicator is now B600 ready, which means it will work on the newer versions of MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 56 KB
Attached Files
File Type: ex4 All RSI v1.1.ex4   19 KB | 1 download
File Type: mq4 All RSI v1.1.mq4   11 KB | 1 download
That's great Groenie.

Good luck with the EU trade, I saw it too. I entered CAD/JPY recently, but I must admit on demo only.
Quoting fguru
That's great Groenie. Good luck with the EU trade, I saw it too. I entered CAD/JPY recently, but I must admit on demo only.
Thanks fguru I try to stay away for the JPY's myself specially with the small SL but the UJ can be so tempting
Here is the chart. I trade the JPYs mostly in the Asian time.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 81 KB
Quoting fguru
Here is the chart. I trade the JPYs mostly in the Asian time. {image}
That is looking very nice, I think I will give the asian session a go on the demo
  • Post #51
  • Quote
  • Edited at 1:48pm Sep 24, 2014 8:26am | Edited at 1:48pm
Your trade is looking good Groenie.

I closed mine with only little profit (almost break even) after I saw that it went against me. But it would have been good for 27 pips, oh well.

Edit: Actually it went down 43 pips.
Quoting fguru
Your trade is looking good Groenie. I closed mine with only little profit (almost break even) after I saw that it went against me. But it would have been good for 27 pips, oh well.
Thanks fguru, I have opposite trades open on both the USDCHF and USDCAD with both close to TP as well. I wonder if a trade manager EA with jump stops will help minimizing the losses after breakeven when price turns against us. I think a 15pip jump stop would be ok.
2 Losses: 40pips
3 Wins: 90pips

Small lot sizes still but I'm up 50 pips for today so far
Attached Image (click to enlarge)
Click to Enlarge Name: 23-09-2014.jpg Size: 189 KB
Quoting Groenie
2 Losses: 40pips 3 Wins: 90pips Small lot sizes still but I'm up 50 pips for today so far {image}
That is awesome Groenie!

I missed the USD/CAD, would have been a very nice trade.
Quoting Groenie
2 Losses: 40pips 3 Wins: 90pips Small lot sizes still but I'm up 50 pips for today so far {image}
Good job buddy!
Quoting txfxtrader
I have been trading a MTF RSI trading system that I would like to share on the forum. Trend trading: 1. Indicator: Hitman (manual attached) or Dashboard RSI 2. Setting: 2 period with 50 oversold & overbought 3. Timeframe: D1, H4, H1, M30, M15, M5, M1 4. TP: 30 or user discretion 5. SL: 20 or user discretion 6. MM: modified progressive with a limit of 5 entries (ex: .1, .1, .2, .4, .8 = total of 1.6) = ~2% cumulative loss for each pair series. Start a new series if a win or max lot size is a loss. 7. Pairs: All with < 4 pip spread & 5 day ADR > 60...
Hi

One question: Will this Hitman indicator slow down our computer?
I just notice that my PC run slow after few hours with this indicator?
Quoting nsn14
{quote} Hi One question: Will this Hitman indicator slow down our computer? I just notice that my PC run slow after few hours with this indicator?
I have not had any problems yet personally, I think it will depend on your computer's processing power and the amount of charts you have it open on
Quoting Groenie
{quote} I have not had any problems yet personally, I think it will depend on your computer's processing power and the amount of charts you have it open on
Ok mine started slowing down when I got to 42 pairs so yes it will slow down your computer with a lot of charts

You can try Nonor's dashboard on the second page if you want to monitor a lot of charts: http://www.forexfactory.com/showthre...19#post7746519
Hi txfxtrader, Groenie and Nonor and thanks for sharing this great system.

Can you explain with an example (for newbies) the Money Management commented in the first post (point 6 of the rules)?

Thanks again
  • Post #60
  • Quote
  • Edited at 6:30pm Sep 24, 2014 5:20pm | Edited at 6:30pm
Quoting bypasssbo
Hi txfxtrader, Groenie and Nonor and thanks for sharing this great system. Can you explain with an example (for newbies) the Money Management commented in the first post (point 6 of the rules)? Thanks again
I am going to remove it so it doesn't cause confusion.
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