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  • #8,441
  • Sep 2, 2015 2:47am Sep 2, 2015 2:47am
@Jibala

Was it correct to pass on this RSI cross trigger seeing the previous bar direction ?

Now the RSI has to rise above 25 first and then back to below 25 to generate a new cross.
The problem i have with this is that if the RSI rises to above 25 the bar on which the rise happens will probably be an up bar again so on the RSI cross it will not trigger a trade again.
Attached Image
info@metacharttools,com
  • #8,442
  • Sep 2, 2015 2:53am Sep 2, 2015 2:53am
Quoting Hotpotato
{quote} Overnight i found a lot of suspicious entries also, working on it. @Jibala Question, for the 8.5 pip RSI cross trade do you manually also respect the direction the price is going after Daily open ? So the no trade against....
Always follow the daily candle. Trading against works as well but is much more risky (counter trades) and requires other parameters.
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White line DO, arrow direction.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,443
  • Sep 2, 2015 3:03am Sep 2, 2015 3:03am
Quoting JibalaPasan
{quote} Always follow the daily candle. Trading against works as well but is much more risky (counter trades) and requires other parameters. {image} {image} White line DO, arrow direction. Jibala
That's solved now and will generate a DOD notice (Daily Open Direction) and not trade on that cross.
info@metacharttools,com
  • #8,444
  • Sep 2, 2015 3:04am Sep 2, 2015 3:04am
Quoting Hotpotato
@Jibala Was it correct to pass on this RSI cross trigger seeing the previous bar direction ? Now the RSI has to rise above 25 first and then back to below 25 to generate a new cross. The problem i have with this is that if the RSI rises to above 25 the bar on which the rise happens will probably be an up bar again so on the RSI cross it will not trigger a trade again. {image}
That's correct, but the next bar which will eventually the signal bar again is in the right direction since entry only on bar close! You will never see signal bar in opposite direction. Everything ok!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,445
  • Sep 2, 2015 3:26am Sep 2, 2015 3:26am
Quoting Bernhard
{quote} AFTER 20 MINUTES crs win 200 pip rsi loss 95 pip MIX - no trade (this set files are used with external trade manager. don't use it with unchanged trade management!) {file}
1h after LO typical fake breakout and reversals happen.
mix setup closed -150pip in loss
crs setup closed -95 pip in loss (I could have shut down manually after 30 minutes in profit. the trades instant after +5minutes were all good, the trades after +30/45minutes were bad)

stopped all tests, will restart crs setup 5 minutes after gbp news
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #8,446
  • Sep 2, 2015 3:27am Sep 2, 2015 3:27am
Jibala.

Newbie here again.

As programmed now a cross signal has the validity of one bar (30 minutes here).
So on the next bar the bar directions (and DOD) may align but the cross signal is gone because from 23 to 18 is not a cross.
Attached Image (click to enlarge)
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info@metacharttools,com
  • #8,447
  • Sep 2, 2015 3:31am Sep 2, 2015 3:31am
today with my conservative settings very very bad day, price have not reached TP by little, I think that a serious Opcio put 5 pips to BE and reduce the losers
  • #8,448
  • Sep 2, 2015 3:32am Sep 2, 2015 3:32am
HP, i think you and Jibala are not on the same page.
As you can see in post #8442 on both occasions, the bar preceding the cross bar was in opposite direction.
Persistence will get it. Consistency will keep it.
  • #8,449
  • Sep 2, 2015 3:38am Sep 2, 2015 3:38am
Quoting Chake
HP, i think you and Jibala are not on the same page. As you can see in post #8442 on both occasions, the bar preceding the cross bar was in opposite direction.
I think that was a screenshot taken after the trade was closed and a direction turn, the bar was first in the same direction if else the TP would not have been reached.
info@metacharttools,com
  • #8,450
  • Sep 2, 2015 3:47am Sep 2, 2015 3:47am
Quoting Chake
HP, i think you and Jibala are not on the same page. As you can see in post #8442 on both occasions, the bar preceding the cross bar was in opposite direction.
Yes.

What she said in post#7351...

Horizontal* line is set on signal bar, entry would be next bar. Signal in small red circle will become a winner if SL is not to small (<15). Signal in big red circle is not given or invalid if simply checked *last bar* and / or S/R areas.

*Last bar must tend in same direction of the daily trend / bar / candle.
  • #8,451
  • Sep 2, 2015 3:55am Sep 2, 2015 3:55am
You can look at a RSI cross event in two different ways.

a) a cross has happened and we remember that and as soon as we have two bars in alignment we take a trade.
b) a cross happens and then we look at the previous bar to see it's direction.

a) signal has a longer lifespan but you have to set conditions to cancel the signal (bar close different direction, RSI out of signal level,...)

b) has a shorter lifespan and in a really big trend it is possible that it doesn't occur for the next couple of hours.
also the condition that the last bar crosses a RSI level and the previous bar set the initial direction will happen seldom.
info@metacharttools,com
  • #8,452
  • Edited 4:22am Sep 2, 2015 4:00am | Edited 4:22am
Another newbie here...

I think the 'event' is closure of bar on which cross happened.
Then we look for 'last bar' and Daily candle to be in same direction as the 'cross' bar.
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  • #8,453
  • Sep 2, 2015 4:11am Sep 2, 2015 4:11am
Quoting Hotpotato
Jibala. Newbie here again. As programmed now a cross signal has the validity of one bar (30 minutes here). So on the next bar the bar directions (and DOD) may align but the cross signal is gone because from 23 to 18 is not a cross. {image}
The red line is signal bar. Entry after bar close! 18 is what you see at next bar close not on entry!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,454
  • Sep 2, 2015 4:18am Sep 2, 2015 4:18am
Quoting dan55
Another newbie here... I thing the 'event' is closure of bar on which cross happened. Then we look for 'last bar' and Daily candle to be in same direction as the 'cross' bar. {image}
Yeah alright, that's a pretty normal situation and is programmed in.

Now look at what i have posted in http://www.forexfactory.com/showthre...21#post8468921
The question is, how long (how many bars) is the cross signal valid ?

Jibala just gave the answer. 1 bar.

This hasn't generated a single trade signal since LO open which i am ok with seeing the "naked" charts.
info@metacharttools,com
  • #8,455
  • Sep 2, 2015 4:29am Sep 2, 2015 4:29am
Quoting Hotpotato
{quote} Yeah alright, that's a pretty normal situation and is programmed in. Now look at what i have posted in http://www.forexfactory.com/showthre...21#post8468921 The question is, how long (how many bars) is the cross signal valid ?
The signal is valid only for the first cross. That is what Jibala said earlier.

Cross signal should be valid for only one bar next to cross bar - For that particular cross.

So the trade should be on if last bar + cross bar+ daily candle are in same direction.

I've traded this method live y'day and works fine. Pivot points are main SRs to be aware of - even better than Fibo levels. Haven't posted charts for this is DB thread.
  • #8,456
  • Sep 2, 2015 4:44am Sep 2, 2015 4:44am
A well, back to the drawing board.
This should have triggered a buy.

No, wait. S&R zone protection.

So cross valid,last bar valid, DO direction valid, but S&R stopped the trade.
Next bar cross not valid anymore.

This setting will have little to no trades.
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Attached Image
info@metacharttools,com
  • #8,457
  • Sep 2, 2015 4:46am Sep 2, 2015 4:46am
Quoting Hotpotato
A well, back to the drawing board. This should have triggered a buy. {image}
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,458
  • Sep 2, 2015 4:53am Sep 2, 2015 4:53am
The losing trades since LO:
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Entries right in front of R - zone and late.

Jibala

Edit: Maybe you see the divergence too!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,459
  • Sep 2, 2015 5:01am Sep 2, 2015 5:01am
Hi HP, how do i get the code work on Pepperstone?
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  • #8,460
  • Sep 2, 2015 5:03am Sep 2, 2015 5:03am
Terrible !

I got a trade, once i checked everything is ok, i will post the new dash.
Room to pivot and s1 +/- 25 pips.
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info@metacharttools,com
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