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New profitable System - Sidus

  • #421
  • Edited Jul 31, 2006 12:01am Jul 30, 2006 4:35pm | Edited Jul 31, 2006 12:01am
Thanks a bunch .... I will look at it when I can!




Quoting renasdad
If you like that indicator, try this one.
  • #422
  • Jul 30, 2006 6:54pm Jul 30, 2006 6:54pm
Based on 5/12 EMA cross and RSI 21 crossing 0.5 line for confirmation.

Like right now for GBP/USD, EMA 5 has crossed EMA 12 downwards, but RSI 21 is still >50%, no signal is issued.

Please let me know if there is a problem.
Attached File(s)
File Type: mq4 Sidus_Bago Entry Indicator.mq4   4 KB | 754 downloads
Target: Trading naked.
  • #423
  • Jul 30, 2006 7:00pm Jul 30, 2006 7:00pm
Fixed a small glitch.:
Attached File(s)
File Type: mq4 Sidus_Bago Entry Indicator 0.1.mq4   4 KB | 1,126 downloads
Target: Trading naked.
  • #424
  • Jul 30, 2006 7:13pm Jul 30, 2006 7:13pm
I'm looking at the 30min EURUSD chart. Am I correct in that I am seeing that we might be pretty close to a sell signal. RSI is pretty high (well above 50), all we're waiting for is the 5 EMA to drop below the 12 EMA then we can sell. Is this right? is there anything I am missing?
  • #425
  • Jul 30, 2006 7:26pm Jul 30, 2006 7:26pm
I sure don't see anything close to a sell signal on EURUSD or Cable right now.
Don Life is expensive, but includes a free trip around the sun.
  • #426
  • Jul 30, 2006 7:28pm Jul 30, 2006 7:28pm
JIMRED for a SELL signal the RSI should be below 50 not above. This is one of the reasons why the RSI is important as a filter in the EA.



Quoting jimred
I'm looking at the 30min EURUSD chart. Am I correct in that I am seeing that we might be pretty close to a sell signal. RSI is pretty high (well above 50), all we're waiting for is the 5 EMA to drop below the 12 EMA then we can sell. Is this right? is there anything I am missing?
  • #427
  • Jul 30, 2006 7:31pm Jul 30, 2006 7:31pm
Not immediately but maybe in an hour or two on the EUR if price falls right? Could you post your next signal using this system so I can follow your entries?
  • #428
  • Jul 30, 2006 7:48pm Jul 30, 2006 7:48pm
Yardie- I thought if the RSI was high when the 5 crossed below the 12 then that would be a good thing because there is room for the currency to fall before it's in oversold conditions. Am I wrong?
  • #429
  • Jul 30, 2006 7:53pm Jul 30, 2006 7:53pm
Ok I think I am increasing my understanding...maybe haha. So the USDJPY the 5 just crossed the 12, but are we now waiting for RSI to cross 50 before we enter?
  • #430
  • Jul 30, 2006 9:06pm Jul 30, 2006 9:06pm
The 21 RSI is more accurate (as a conservative measure) using 50 as the mid point with the 1hr chart with 5EMA & 9SMA.
Change Your Thinking. Change Your Life - JD
  • #431
  • Jul 30, 2006 9:42pm Jul 30, 2006 9:42pm
Quoting aha
Fixed a small glitch.:
Thanks for programming this aha...

For some reason when I switch between time periods the cross signal indicators start to appear all over the chart.

Did you program this indicator for a specific time period?

Thanks for your help
  • #432
  • Jul 30, 2006 10:03pm Jul 30, 2006 10:03pm
yeah, I was programming it for M30. But I will take a look to see if it can be fixed for all time period.
Target: Trading naked.
  • #433
  • Jul 30, 2006 10:05pm Jul 30, 2006 10:05pm
Hi Orange,

For the 5EMA and 9SMA, are you using close price or median price(HL/2)?

If what you said is true, than we don't have to switch between 30M and 1H chart anymore.

Quoting OrangeRoshan
The 21 RSI is more accurate (as a conservative measure) using 50 as the mid point with the 1hr chart with 5EMA & 9SMA.
Target: Trading naked.
  • #434
  • Jul 30, 2006 10:20pm Jul 30, 2006 10:20pm
Igonore my previous posts, it was my carelessness that resulted in my stupid questions.


In the last few hours the GPBUSD - 5 crossed above the 12 and RSI is above 50 = buy

Today with the USDJPY - the 5 crossed below the 12 and RSI was below 50= sell

Am I right?
  • #435
  • Jul 30, 2006 11:02pm Jul 30, 2006 11:02pm
haha pretty much ignore everything i have said, i've had my MA wrong. I think what I just wrote about the GBPUSD was right though, am i right? haha or wrong like usual, sorry for wasting your guys times.
  • #436
  • Jul 30, 2006 11:23pm Jul 30, 2006 11:23pm
Quoting jimred
Igonore my previous posts, it was my carelessness that resulted in my stupid questions.


In the last few hours the GPBUSD - 5 crossed above the 12 and RSI is above 50 = buy

Today with the USDJPY - the 5 crossed below the 12 and RSI was below 50= sell

Am I right?
The cable did have a buy signal a little while ago. yes. And I for one am in, and have already made a few pips.
  • #437
  • Jul 30, 2006 11:48pm Jul 30, 2006 11:48pm
Quoting aha
Hi Orange,

For the 5EMA and 9SMA, are you using close price or median price(HL/2)?

If what you said is true, than we don't have to switch between 30M and 1H chart anymore.
Close Price. I trade with the 30mins chart, but upon confirmation of the 1hr chart. Watch the USD/JPY with Vegas fibs. The JPY is reaching its lowest low hitting the last fib lines. Althrough the signal for bollar now is buy, it will change soon. YEN has to go up, meaning dollar will drop.

What i am saying is, Crossings of EMA & SMA on charts are not the only indicator im using. That includes the RSI. Elliot waves is more realiable. I will sometime next week, will post on full use of TIGA ABDUL the extension. My last PDF is an introductory, basic of the 9SMA. Watch its characteristic, some of you who pay attention will figure it out soon enough.

Its no longer a question of making pips, the real question is, Can you handle the so many pips?

Happy trading.
Change Your Thinking. Change Your Life - JD
  • #438
  • Jul 30, 2006 11:52pm Jul 30, 2006 11:52pm
hi new to this.
when you create the ema` do you use the open or close.
tia.
sorry didnt read last message
  • #439
  • Jul 31, 2006 12:04am Jul 31, 2006 12:04am
Quoting aha
yeah, I was programming it for M30. But I will take a look to see if it can be fixed for all time period.
how do i open your attached files?
tia
  • #440
  • Jul 31, 2006 12:07am Jul 31, 2006 12:07am
York, save the file posted by Aha, and place it in your metatrader\experts\indicators folder and then restart your platform, then you can attach it to your charts from the custom indicators list.
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