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- 29 Results (1 Threads, 28 Replies)
- Lim001 replied Aug 18, 2023
[quote=reteid2222;14541123]Just test it Urself.... Look if the long conditions are ok... then we ll quickly do the short... Thank you Reteid2222 for your kind efforts. The system can be adapted to make it simpler and safer. Indicators (1) rsi period ...
Twin RSI - simple trading strategy
- Lim001 replied Jul 30, 2023
Any kind coder who can help to code this simple and effective ea? Normal TP and SL apply. Buy 1) rsi period 7> 60 level. 2) rsi period 3 crosses rsi period 7 from above. Sell 1) rsi 7 period < 40 level. 2) rsi 3 crosses rsi 7 from below. Refer to ...
I will code your EAs and Indicators for no charge
- Lim001 replied Feb 16, 2023
Thank you for your kind feed back and the % change indicator May I know what are the base values used for calculating the % changes?
Twin RSI - simple trading strategy
- Lim001 replied Feb 6, 2023
Greetings to all traders. Let me share some of my thoughts on my own trading experience. All indicators have their strengths and weaknesses. I would say each indicator is 60% reliable, the remaining 40% will wreck your accounts. If you bundle about ...
Twin RSI - simple trading strategy
- Lim001 replied Feb 5, 2023
Avoid trading before and after a high impact news on the currency pair that you intend to trade for this strategy
Twin RSI - simple trading strategy
- Lim001 replied Feb 4, 2023
When the slow-rsi is between 55 & 75, we assume the market is in an uptrend. We buy at end of a bearish bar means we try to buy at a swing low, hoping the market will resume its up run. We do not want to take the buy if the fast-rsi dips below the ...
Twin RSI - simple trading strategy
- Lim001 replied Feb 4, 2023
Try this strategy using the same concept on a highly volatile pair GBPNZD Modify the rules slightly Buy 1) slow-rsi lies in between 45 and 55 range 2) fast-rsi opens above 55 and penetrates through 55 and 45 in one bar 3) open a buy order at end of ...
Twin RSI - simple trading strategy
- Lim001 replied Feb 2, 2023
Two more trading strategies are available based on the same chart Buy only strategy slow-rsi setting period:14, level 55/75, close fast-rsi setting: period: 2, level 15, close Rules 1) a down bar closes in between rsi 55 & 75 2) the fast-rsi cross ...
Twin RSI - simple trading strategy
- Lim001 replied Jan 31, 2023
The success of this plan depends on manual analyse of market trend before placing a trade. If one can see a trend clearly, he sees money. There are a number of trend indicators, each having its weaknesses. Use them altogether to establish a trend ...
Twin RSI - simple trading strategy
- Lim001 replied Jan 31, 2023
1. myfxbook gives you comparison of currency pairs. You have to figure out the component currency strength yourself. Alternatively Mataf website will give you direct comparisons of individual currencies. See illustration image 2. The other 2 ...
Twin RSI - simple trading strategy
- Lim001 replied Jan 30, 2023
Wait for the complete close of a bar. If entry signal is generated then, enter a new order at the beginning of the next new bar.
Twin RSI - simple trading strategy
- Lim001 replied Jan 28, 2023
Thanks for your feedback, will pm you.
Twin RSI - simple trading strategy
- Lim001 replied Jan 28, 2023
You ca set your own preference 70/30 is more conservative, lesser trades higher winning rates. Need not mean higher total profits because average profits will be smaller. 85/15 has higher risks with higher returns
Twin RSI - simple trading strategy
- Lim001 replied Jan 28, 2023
Ok. Please refer to message in your PM box.
Twin RSI - simple trading strategy
- Lim001 replied Jan 27, 2023
What I mean is correlated currencies, 2 currencies having the same currency strength. Understanding the market sessions and each pair's behaviour will give you more accurate stop loss and take profit levels. That can be achieved by downloading its ...
Twin RSI - simple trading strategy
- Lim001 replied Jan 27, 2023
Good idea! I prefer an ea that can run on MT4 platform. PM me it you can do it.
Twin RSI - simple trading strategy
- Lim001 replied Jan 27, 2023
Lot size will depend on your capital and the leverage provided by your broker. The size of stop loss depends on timeframe volatility of the forex pair. You can use fixed stop loss or depend on slow rsi crossing over upper or lower range or fast rsi ...
Twin RSI - simple trading strategy
- Lim001 replied Jan 27, 2023
If you wish to code the strategy into an ea, I can help you to write a full specifications including host of other safety features
Twin RSI - simple trading strategy
- Twin RSI - simple trading strategyStarted Jan 27, 2023|Trading Systems|135 replies
Twin RSI This is a mechanical yet simple trading strategy. Just follow the steps that I am going to ...
- Lim001 replied Feb 17, 2021
My forward demo test run from 26.1.2021 is attached. Happy trading and good luck
Life Changer EA