RSI, ADX System

there are a few variations...I think post 19 looks interesting....could you do an ea on this strategy?

Yes -ive got i built.
Theres quite a few inputs too so you can play around with it. one such input setup would achieve post 19

pm sent

That is holy grail setup, but price has to retrace to EMA 20. Normally you would see flag or pennant at that point.

Guys - the following does not work:
- buy
- RSI >40
- ADX >25

- sell
- RSI <60
- ADX >25

I also added sma/ema cross + trade in direction of MACD ie trend but there are still too many false starts - ie the trade does not trend and closes out.

can the indicator have this

if RSI is crosses above 50 and DI->DI+ give sell arrow on chart
if RSI is crosses below 50 and DI+>DI- give buy arrow on chart

please send image chart and show on chart how take position

Yes I have done similar approach but with rsi 7 &14 + ADX.

I Revised and used EMA 20-EMA100
1.FAST EMA =20

2.SLOW EMA=100

3.RSI(14 Period)
4.ADX (14 Period)

For Buy: When FAST EMA(20) Cross above SLOW EMA(100) and ADX >25 And RSI>60 &RSI<80 &RSI current >RSI Previous
to Enjoy a long term trend add trailing stop

The Sell is When FAST EMA(20) Cross below SLOW EMA(100) and ADX >=25 And RSI<40 & RSI >20&RSI current <RSI Previous

*** Exit if RSI Return back to 50 level

Revise to EP-08

23-march 2023
NZDJPY
H1

Hello! Could you help me to detect the error in line 78 of the mql5 code below (Thank you in advance):


#property indicator_chart_window
#property indicator_buffers 2
#property indicator_plots 2
// Indicator parameters
input int RSI_Period = 14;
input int Buy_Level = 30;
input int Sell_Level = 70;
input string Push_Notif_Title = "RSI Alert";
input string Push_Notif_Buy = "RSI Buy Signal";
input string Push_Notif_Sell = "RSI Sell Signal";
// Indicator buffers
double RSI_Buffer[];
double Level_Buffer[];
// Handle for push notification
int Push_Notif_Handle;
// Indicator initialization function
int OnInit()
{
// Define the properties of indicator buffers
SetIndexStyle(0, DRAW_LINE);
SetIndexBuffer(0, RSI_Buffer);
SetIndexLabel(0, "RSI");
SetIndexDrawBegin(0, RSI_Period);
SetIndexStyle(1, DRAW_LINE);
SetIndexBuffer(1, Level_Buffer);
SetIndexLabel(1, "Level");
SetIndexDrawBegin(1, RSI_Period);
// Create the push notification
Push_Notif_Handle = PushNotificationCreate();
// Returns "true" to indicate successful initialization
return (INIT_SUCCEEDED);
}
// Indicator calculation function
int OnCalculate(const int rates_total,
const int prev_calculated,
const datetime &time[],
const double &open[],
const double &high[],
const double &low[],
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
// Calculate the RSI for each bar
ArraySetAsSeries(RSI_Buffer, true);
ArraySetAsSeries(Level_Buffer, true);
int limit = rates_total - prev_calculated;
for (int i = limit; i >= 0; i--)
{
RSI_Buffer[i] = iRSI(NULL, 0, RSI_Period, PRICE_CLOSE, i);
Level_Buffer[i] = Buy_Level;
if (RSI_Buffer[i] >= Sell_Level)
{
Level_Buffer[i] = Sell_Level;
// Send a push notification if the RSI reaches the defined sell level
PushNotificationSend(Push_Notif_Handle, Push_Notif_Title, Push_Notif_Sell);
}
else if (RSI_Buffer[i] <= Buy_Level)
{
Level_Buffer[i] = Buy_Level;
// Send a push notification if the RSI reaches the defined buy level
PushNotificationSend(Push_Notif_Handle, Push_Notif_Title, Push_Notif_Buy);
}
}
// Returns "rates_total" to indicate that the calculation was successful
return (rates_total);
}

will be up date soon

I've coded an EA using RSI, ADX, two EMAs, and ATR for the trailing stop.

I ran over 9,000 simulations with different indicator settings, RSI and ADX configurations, as well as various trailing stop levels, using REAL TICK DATA over 26 YEARS on EUR/USD with 98% tick modeling quality on the 4H timeframe — because no combination produced positive returns on the 1H timeframe or lower.

Unfortunately, the best combination delivered a total profit of 105% (again, over 26 years), which is quite low, with a maximum drawdown of 22%. You could increase the risk to achieve slightly higher returns, but personally, I don't think it's worth it.

It doesn’t even work without a trailing stop, as the losing trades would wipe out the winners. That’s why I had to include one.

Some images are worth more than words (see attached files).
As you can see, despite the low return, the strategy also experiences very long ranging periods (YEARS).

Hope this helps.

Try this rules for RSI, on 5 min chart.

(for Bullish Trend Bias)
1. First Entry
Enter when the Relative Strength Index ≤ 40
Price = #1
2. Second Entry
Add to the position when RSI ≤ 30
Price = #2 (lower than #1)

3. Calculate Price Difference
x=#1−#2

Next Scale-In Setup
Place the next order at:
#3 = #2 - x
#4 = #3 -x ... etc

Exit Strategy
Close all positions when RSI ≥ 70

Thanks.Please post your orher back test results any other ea that you think is worth?