Simple RSI & EMA high Profitable ratio Strategy | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Renko channel + Fast EMA = simple and profitable 790 replies

Three EMA 50 (High, Low, Open) & RSI 14 2 replies

Credit goes to 100PipsADay & 'D1 - 20 EMA & 50 EMA' 12 replies

Simple RSI Strategy & EA 1 reply

EMA Close Crossing EMA High/Low Help Please! 2 replies

Attachments: Simple RSI & EMA high Profitable ratio Strategy
Exit Attachments

Simple RSI & EMA high Profitable ratio Strategy

  • #41
  • Jul 18, 2016 5:10pm Jul 18, 2016 5:10pm
Quoting Kubiasty
{quote} emmanuel how do you avoid fake signals?? Lot of fake signals look closer: {image}

one way is to know when the market is sideways in a range, you avoid taking any trade setups and also look at recent swing high/low as support and resistance.
most trading methods are designed to trade in trending market condition but will not work efficiently when market is sideways.
that is obvious on that M5 chart you posted. that 1st 'negative' vertical line 2016.07.18 10:45 shows a big candle and after that the market went sideways.
avoid trading until there is breakout of that range.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #42
  • Jul 18, 2016 5:40pm Jul 18, 2016 5:40pm
Quoting mkfx
{quote} ​Hi Emmanuel, Thanks for sharing back teste results what is the difference in both testing. sorry I was not able to understand . What is the Target Profit / SL or close criteria in 2nd testing Thanks

Hi MKFX,

both back-testing with GU and EU used the same parameters. important that the 3 timeframes Weekly, Daily and H4 RSI(21) must be above or below the level-50 as the basic rule to define the Buy or Sell condition.
Both the TP and SL set to use the market volatility ADR-100 days.
I use a minimum TP = 50pips, this means when the market is trending in favor of the trade, I will trail after the min TP 50pips is reached. The trade(s) will exit when the RSI M15 cross in the reverse direction.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #43
  • Jul 18, 2016 6:40pm Jul 18, 2016 6:40pm
What's your backtest result of this strategy, because it is important to validate the consistency and profitability over the long term.
  • #44
  • Jul 18, 2016 6:58pm Jul 18, 2016 6:58pm
Quoting emmanuel7788
{quote} Hi MKFX, both back-testing with GU and EU used the same parameters. important that the 3 timeframes Weekly, Daily and H4 RSI(21) must be above or below the level-50 as the basic rule to define the Buy or Sell condition. Both the TP and SL set to use the market volatility ADR-100 days. I use a minimum TP = 50pips, this means when the market is trending in favor of the trade, I will trail after the min TP 50pips is reached. The trade(s) will exit when the RSI M15 cross in the reverse direction. regards,

Hi Emmanuel,

I belive both testings were based on SE/SE.
I am learning lot and progressing inch by inch not in hurry. i reached to 5% for this month till now and will see where i land end of month.

Thanks Emmanuel for your help.


Thanks

MK
  • #45
  • Jul 18, 2016 10:18pm Jul 18, 2016 10:18pm
hello Ahmed
thank you for sharing you strategy
My question .. is there time to use this strategy or not ??
what is the best time frame (1H or 4H) ?
  • #46
  • Jul 19, 2016 2:29am Jul 19, 2016 2:29am
Quoting emmanuel7788
{quote} one way is to know when the market is sideways in a range, you avoid taking any trade setups and also look at recent swing high/low as support and resistance. most trading methods are designed to trade in trending market condition but will not work efficiently when market is sideways. that is obvious on that M5 chart you posted. that 1st 'negative' vertical line 2016.07.18 10:45 shows a big candle and after that the market went sideways. avoid trading until there is breakout of that range.
Can you mark on my print screen which range ??
  • #47
  • Jul 19, 2016 3:50am Jul 19, 2016 3:50am
Attached File(s)
File Type: ex4 2 ma cross - alerts & mtf nmc.ex4   24 KB | 1,038 downloads


Attached File(s)
File Type: ex4 3 MA Cross with alert mtf 3.02.ex4   51 KB | 1,032 downloads
practising coitus interruptus
  • #48
  • Jul 19, 2016 6:13am Jul 19, 2016 6:13am
Quoting ELgenius
hello Ahmed thank you for sharing you strategy My question .. is there time to use this strategy or not ?? what is the best time frame (1H or 4H) ?
Welcome Elgenius , better trading time is after open the London , NY markets and time frames both are compatible but its depend on pairs i.e H1 is better for EU/US and H4 for GBP/US , but you also need to check ADR
  • #49
  • Jul 19, 2016 7:54am Jul 19, 2016 7:54am
Quoting ahmedabbas
{quote} Thank you lghr
hi emanuel..pls share nur tpl..tq
  • #50
  • Jul 19, 2016 12:24pm Jul 19, 2016 12:24pm
GBPUSD July 19 H4 trade setup during London session.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Week 29 Jul 19 H4 LS entry.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #51
  • Jul 19, 2016 6:11pm Jul 19, 2016 6:11pm
Quoting TEB63
{quote} Just wondering were do you see the set up? I would see 3 things against taking this trade cheers

Hi TEB63,

I look at the candles price action for the setup and using the RSI 21 and 5/12EMAs.
There were risk with that trade setup.

Please share what the 3 things you saw against taking that trade.

Below is my updated chart. I changed the background/foreground colors to have better color contrast.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jul 19 RSI 21 setup.png Size: 33 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #52
  • Jul 19, 2016 7:37pm Jul 19, 2016 7:37pm
Quoting Kubiasty
{quote} Can you mark on my print screen which range ??

here, see my comments made on your UJ M5 chart posted.

always pay attention to big candles when we trade.
a big candle is one which high-low is largest when compare to the previous 3 to 5 candles before it.
These big candles are commonly known as Wide Range Bar aka WRB ( it is the price bar High - Low, not the body which is the Open and Close)

Use the WRB High - Low as support and resistance, i.e.

we sell at resistance and

buy as support in the direction of the higher timeframe 'trend'/direction.

Be patient when the price action is within the WRB High-Low range. Pick only the best setup to trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Kubiasty USDJPY M5 chart.png Size: 245 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #53
  • Edited 7:22am Jul 20, 2016 2:47am | Edited 7:22am
Just entered long, let's see??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1.png Size: 43 KB


closed +12 pips
Winners Never Quit, Quitters Never Win
  • #54
  • Jul 20, 2016 1:28pm Jul 20, 2016 1:28pm
Quoting emmanuel7788
{quote} Hi Ahmedabbas, I love trading strategy using the RSI and since I trade using RSI for more than 20 years. However, using the EMA crosses may not be the best add-on to the RSI strategy. Since you use the 5EMA, you may want to consider using the same 5-period MA but set that to show as a Price Channel instead. This way, you will eliminate the 'weak' crosses using the 5EMA /12EMA when market volatility is low and you can rely more on the price action and volatility. You do not need to rely on the EMA crosses but look at the price candles closing...
Emmanuel, hi
is this a correct entry on GOLD : ?
Consolidation breakout confirmation candle closed below consolidation, and below RSI 50
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd.png Size: 51 KB
  • #55
  • Jul 20, 2016 6:54pm Jul 20, 2016 6:54pm
Quoting Kubiasty
{quote} Emmanuel, hi is this a correct entry on GOLD : ? Consolidation breakout confirmation candle closed below consolidation, and below RSI 50 {image}
market was sideways in the raneg of that H4 Wide Ranage Bar WRB.
possible entries which fit the RSI(21) 5EMA cross 12EMA rules, but with risks...
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 29 H4 Jul 20.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56
  • Jul 20, 2016 11:29pm Jul 20, 2016 11:29pm
Quoting ahmedabbas
Time frame : H1 , H4 In this Strategy , indicators are: 5-period Exponential Moving Average (EMA 5) applied to the Close. 12-period Exponential Moving Average (EMA 12) applied to the Close. 21-period RSI (RSI 21) Entry Rules for Long Trades: Its simple. We enter a long trade when EMA 5 crosses above EMA 12 to the upside AND our RSI 21 > 50 level and RSI Candles Green Entry Rules for Short Trades: Enter short when EMA 5 crosses EMA 12 to the downside AND RSI 21 < 50 level and RSI Candles Red SL/TP as you perceive feasible according to market/Pairs...
its possible create ea (robot)


thank you

advance
  • #57
  • Jul 21, 2016 2:15am Jul 21, 2016 2:15am
Quoting rkkgs
{quote} its possible create ea (robot) thank you advance

Yes its Possible
  • #58
  • Jul 21, 2016 10:18am Jul 21, 2016 10:18am
Quoting ahmedabbas
{quote} Yes its Possible
dear coders


doing create ea


thank you

advance
  • #59
  • Edited 7:59pm Jul 21, 2016 12:06pm | Edited 7:59pm
Quoting rkkgs
{quote} dear coders doing create ea thank you advance
I never seen an ea work with this system

But make sure you only code between 4am and 10am est
and make sure you code out major news events
these two things I have seen kill at least 20 ea

cheers


TEB
  • #60
  • Aug 26, 2016 11:29pm Aug 26, 2016 11:29pm
Quoting TEB63
{quote} I never seen an ea work with this system But make sure you only code between 4am and 10am est and make sure you code out major news events these two things I have seen kill at least 20 ea cheers TEB
i have update the strategy , now result are more better and EA will be profitable
0 traders viewing now