Right now I have no time to test it , but you can see historical data , is a good strategy...It would be better if someone coded EA for it , but already asked for on programming section.Anyway , if anyone has results from this , please post it here.Thanks in advance.
I know , backtests works only for seeing how system works.I'm seeing now unfortunatly I won't have time to test it this week as I'm testing other system , but if you want to do forward testing and post it here , be at your will.
the strategy will generate more buy /sell signals on each price bar due to the condition that ADX >20 and RSI >60
To prevent more buy/sell orders add two MAs
example
1.FAST SMA =20
2.SLOW SMA=100
3.RSI(14 Period)
4.ADX (14 Period)
For Buy: When FAST SMA(20) Cross above SLOW SMA(100) and ADX >=25 And RSI >=50
to Enjoy a long term trend add trailing stop
The Sell is When FAST SMA(20) Cross below SLOW SMA(100) and ADX >=25 And RSI <50
This Strategy will only buy/Sell only if there is a CrossOver and all other conditions are met .
I am working on something similar.
Buy if RSI goes above 60 and ADX >25 and close when comes back to 60.
Sell if RSI goes lower than 40 and ADX > 25 and close when comes back to 40.
Just having a hard time finding an EA for this.
