No long story - RSI system | Forex Factory

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No long story - RSI system

  • #1
  • First Post: Edited 7:43am May 11, 2015 7:28am | Edited 7:43am
NO LONG STORY STRAT

TOOL:
RSI period 2
uplevel 70
downlevel 30

TIMEFRAME:
M15

LOGIC:
buy when rsi < 30
sell when rsi > 70

MM:
sl 25
tp 10

TM:
BE = 5
BE+ = 1

kos
Attached File(s)
File Type: ex4 RSI EA.ex4   24 KB | 954 downloads
John 3:16 - From THIS love no power on earth can me sever.
  • #2
  • Edited 7:53am May 11, 2015 7:28am | Edited 7:53am
One year 1k to 6k 600%
Same lot size 2014 -2015, 0.10

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 1k to 6k rsi 2014 till 2015.gif Size: 9 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #3
  • Edited 7:52am May 11, 2015 7:28am | Edited 7:52am
Three years 1k to 17k
Same lot size from 2012 - 2015, 3 yrs 0.10


kos
Attached Image (click to enlarge)
Click to Enlarge Name: 1k to 17k rsi 2012 till 2015.gif Size: 9 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #4
  • Edited 7:52am May 11, 2015 7:29am | Edited 7:52am
Five years 1k to 31k
Same lot size from 2010 - 2015, 5 yrs: 0.10


kos
Attached Image (click to enlarge)
Click to Enlarge Name: 1k to 31k rsi 2010 till 2015.gif Size: 9 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #5
  • Edited 7:55am May 11, 2015 7:29am | Edited 7:55am
Ten years 1k to 68k
Same lot size from 2005 - 2015, 10 yrs: 0.10


kos
Attached Image (click to enlarge)
Click to Enlarge Name: 1k to 68k rsi 2005 till 2014.gif Size: 8 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #6
  • May 11, 2015 7:29am May 11, 2015 7:29am
The profit is small but better than nothing, if it meets your criteria for good
gains, please pick it up and use it, if not just ignore the thread.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #7
  • May 11, 2015 7:30am May 11, 2015 7:30am
Please! i don't want this thread to be longer than 100 posts at max, all
inquiries on how to use mt4, RSI settings, more indicators, filters etc, don't
ask here, use FF search tool or PM. I have tried many filters but this way
happens to bring most returns.

if you have an idea of how to increase the profit PM me.

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #8
  • May 11, 2015 7:36am May 11, 2015 7:36am
If you manage to make money using this EA, please, don't forget the HAVE NOTS in
the society and don't use the proceeds to sponsor terrorism.


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #9
  • May 11, 2015 7:37am May 11, 2015 7:37am
Those who understand the power of compounding will understand the potentials

Good luck


kos
John 3:16 - From THIS love no power on earth can me sever.
  • #10
  • May 11, 2015 8:27am May 11, 2015 8:27am
I have received a number of PM. This should answer the questions.
The default settings for the EA is in the BLUE box

Area of possible improvement is in RED box. It made 616k but could only keep 68k.

Maximum DD 6.95%
Relative DD 26.64%

kos
Attached Image (click to enlarge)
Click to Enlarge Name: 10.png Size: 75 KB
John 3:16 - From THIS love no power on earth can me sever.
  • #11
  • Edited 10:53am May 11, 2015 10:13am | Edited 10:53am
Quoting Kosomolate
One year 1k to 6k 600% Same lot size 2014 -2015, 0.10 kos {image}
Hi Kosomolate, I just gave it a try to backtest the EA with the default settings on EURUSD, M15. Here is the result which is far from yours. Am I missing something here?
Attached Image (click to enlarge)
Click to Enlarge Name: backtest_default.png Size: 49 KB
Trading is the hardest way to make easy money...
  • #12
  • May 11, 2015 10:22am May 11, 2015 10:22am
Quoting MathTrader7
{quote} Hi Kosomolate, I just give it a try to backtest the EA with the default settings on EURUSD, M15. Here is the result which is far from yours. Am I missing something here? {image}
oppositeclose = False
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #13
  • May 11, 2015 10:31am May 11, 2015 10:31am
Quoting Magix
{quote} oppositeclose = False
I changed spread from 20 to 2 points (as suggested by some trader) and oppositeclose is now set to false. The result is now better but still far from the OP's...
Attached Image (click to enlarge)
Click to Enlarge Name: backtest_oppositeclose_false.png Size: 51 KB
Trading is the hardest way to make easy money...
  • #14
  • May 11, 2015 10:40am May 11, 2015 10:40am
Quoting MathTrader7
{quote} I changed spread from 20 to 2 points (as suggested by some trader) and oppositeclose is now set to false. The result is now better but still far from the OP's... {image}
Well, dude...

You know my thoughts on Backtests...but at least you're testing as OP is.

That's about all I got to say about that...

As for the actual logic of the EA..there is no reason to believe that it will succeed in that any single OBOS signal without filtering for trend and direction is going to inevitably produce an equity curve a lot like the 2 you have posted.

If it really were this easy, the RSI would be the only indicator used, everybody would use it and it's value would be zero...instead, it produces a trend based signal that is lagging and when hits into the OBOS zones, if in trend, these are not OBOS, but RSI POWER zones...indicating trend continuation. Random distribution would even give the reversal of this signal logic a high failure rate.

This baby needs to be discarded with the bathwater.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #15
  • May 11, 2015 10:47am May 11, 2015 10:47am
Quoting Magix
{quote} Well, dude... You know my thoughts on Backtests...but at least you're testing as OP is. That's about all I got to say about that... As for the actual logic of the EA..there is no reason to believe that it will succeed in that any single OBOS signal without filtering for trend and direction is going to inevitably produce an equity curve a lot like the 2 you have posted. If it really were this easy, the RSI would be the only indicator used, everybody would use it and it's value would be zero...instead, it produces a trend based signal that...
I fully agree with you mate! But what is the point of posting a few nice backtests curves that are not generated by the attached EA?
Trading is the hardest way to make easy money...
  • #16
  • Last Post: May 11, 2015 10:55am May 11, 2015 10:55am
Quoting MathTrader7
{quote} I fully agree with you mate! But what is the point of posting a few nice backtests curves that are not generated by the attached EA?
I actually believe that what the op has posted is the backtest data...much the same as you have posted the same.

Again...you know my take on backtesting.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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