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Attachments: A Proven Simple Strategy (2MAs, 1 RSI)
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A Proven Simple Strategy (2MAs, 1 RSI)

  • Post #61
  • Quote
  • Edited 12:55pm Jan 19, 2016 12:23pm | Edited 12:55pm
Quoting abokwaik
My findings so far : The system is sound and can be applied to different time frames, although sys recommended Daily, my focus was mainly on H1 in order to get more trades. EUR/USD Test H1 2015. {image} Best Entry : - Open Long : RSI < lower level, while Price above Slow Moving Average - Open Short : RSI > upper level, while Price below Slow Moving Average Best Exit (when none of SL, TP,Trailing Stop used) - Exit Long: when price closes above fast moving average - Exit Short : when price closes below fast moving average EDIT : This test was run...
EDITED: Had bug in EA. Fixed so Updated results. I am still getting a lot more trades than you are.

Hello Abokwaik,

I am trying to replicate your results and am getting much different findings.

I am using the same timeframe as you and it generates over 300 trades from Jan 2 2015 to Dec 30 2015 and the equity curve not very pretty.

This is using a 7 & 200 MA, 7 RSI(20 buy level & 80 sell level), Spread is set to 30 and the modeling quality was 90%.
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Quoting abokwaik
Using a Stop Loss and Trailing Stop, and exiting on Trailing Stop instead of fast moving average, all other inputs are same as above, gave better results with less drawdown. {image}
I have a different results. Also different number of trades:
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Quoting dafa
{quote} I have a different results. Also different number of trades: {image}
And with my settings:
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Here's an example of a DAX trade

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I used the ADX as my exit indicator, simply waited for it to trend down. Now on this trade, I just happened to be in a meeting at 3:00PM and mised my exit. Luckely, the trend continued down and I exited shortly after (around 4:30-45).

Same thing with the second trade: BUND, I got greedy here and just kept my SL close and exited a little later than my sign confirmed.

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When trading: "Empty your mind, be formless. Shapeless, like water."
Quoting howa61
{quote} Hello to everyone. Shemski Can you share some screen shot. Thanks in advance Regards

I'm currently looking at the Dollar index on the H1 and hoping for a drop to about 12'250 followed by a nice rebound to12'280. Like a hawk, watching the RSI...

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When trading: "Empty your mind, be formless. Shapeless, like water."
Quoting abokwaik
This is a quick EA to test the system. I've added few options, but the default settings are as per Sis.yphus rules. {file}
Would you please provide the mq4 file for this?
....possible H1 variation (2 years): MA's:180 simple / 9 exponential
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osfx.V13 (2022) Return This Year: na
day2
5 min
slow 20
fast 5
rsi 2 at 70/30

broker ic markets
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Solutions ONLY!!!
Quoting BillYon
day2 5 min slow 20 fast 5 rsi 2 at 70/30 broker ic markets {image}
1 - real account
2 - using EA? wich one? can you provide the mq4 file?
Quoting BillYon
day2 5 min slow 20 fast 5 rsi 2 at 70/30 broker ic markets {image}

Shouldt that be 200/5 EMA's?
When trading: "Empty your mind, be formless. Shapeless, like water."
Quoting Shemski
{quote} Shouldt that be 200/5 EMA's?

Testing the setting I shared the other day.
Solutions ONLY!!!
Quoting ticblaster
{quote} 1 - real account 2 - using EA? wich one? can you provide the mq4 file?

Demo

Ea that is shared here.
Solutions ONLY!!!
It could be really good to implement % lot size to see if results will be better.
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Quoting howa61
{quote} Hello to everyone. Shemski Can you share some screen shot. Thanks in advance Regards
One more trade which was closed out last night while I was sleeping. My SL was at 1% of portfolio and TP at 1.5%. If I was up and watching, I most likely would've closed at the closing of that second candle and grabbed another 40pips which would've had me at 1.6%/portfolio.

All in all, I placed 9 trades yesterday, 6 of them were premature (that's why I won't post them) and was up with all but one of them. Another great day and I must say the system feels good. I might just use this as my primary - manual trading system. We will see.

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EDIT: Waiting for my ADX to cross 25 on the DOLLAR index on the H1 chart. Keep an eye on this one on the 180/9 chart.
When trading: "Empty your mind, be formless. Shapeless, like water."
Hello Sis.yphus..

Thanks for sharing your strategy, which looks promising. Also thanks to Khalil bro for the inputs.

I think I'm a dumb coz I didn't understand clearly about the exit rules

"Exit at the close of the candle that touches the 5 ma.

Exit as soon as price touches 5 ma."

Can you or anyone kindly post a screenshot of a trade pointing out the exits. Would be really helpful.

Thanks in advance.
Success - It's not always what you see
This is version 2 of the EA, with Variable lot option.

Risk Percentage is not included because SL is not fixed.
So variable Lot size is simply calculated by multiply the "Balance (%) Auto Lot" input percentage by Current Balance and dividing by Required Margin.
Example : Account Balance = 10,000. "Balance (%) Auto Lot" input = 6. Required Margin = 600.
Var Lot Size = [(6/100)*10,000]/600 = 1.

This the same test as the one in Post # 54, with Balance (%) Auto Lot = 6, to start with the same lot size that test started with which was fixed to 1.
I have also added two other RSI levels, so now we have 4 levels. 2 for entry and 2 for exit. For this test I've set them the same to be comparable with the previous test.

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Attached File(s)
File Type: ex4 TwoMA_OneRSI.ex4   22 KB | 583 downloads
No guts, no glory
Quoting Sis.yphus
{quote} EDITED: Had bug in EA. Fixed so Updated results. I am still getting a lot more trades than you are. Hello Abokwaik, I am trying to replicate your results and am getting much different findings. I am using the same timeframe as you and it generates over 300 trades from Jan 2 2015 to Dec 30 2015 and the equity curve not very pretty. This is using a 7 & 200 MA, 7 RSI(20 buy level & 80 sell level), Spread is set to 30 and the modeling quality was 90%. {image} {image}

hi sis.yphus

bravo very good work
i follow
Quoting dafa
{quote} I have a different results. Also different number of trades: {image}
I think you're using Simple Method while I used Exponential method for Moving Averages,
No guts, no glory
  •  Soros
  • Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 899 Posts
Quoting abokwaik
{quote} I think you're using Simple Method while I used Exponential method for Moving Averages,

so far would you say this is a good strategy or not, judging from your experience with EA's and the results we have?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
Quoting abokwaik
This is version 2 of the EA, with Variable lot option. Risk Percentage is not included because SL is not fixed. So variable Lot size is simply calculated by multiply the "Balance (%) Auto Lot" input percentage by Current Balance and dividing by Required Margin. Example : Account Balance = 10,000. "Balance (%) Auto Lot" input = 6. Required Margin = 600. Var Lot Size = [(6/100)*10,000]/600 = 1. This the same test as the one in Post # 54, with Balance (%) Auto Lot = 6, to...
That's great job abokwaik.;-)
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