Thread: 10points 3.mq4
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Old 07-09-2007, 02:43 PM
neta1o neta1o is offline
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yeoeleven,

higher time frames are good for this indicator right now because the only signal it is using is the RSI.

RSI is not very good on short time frames. It tries to detect trend using RSI and makes trades in the same direction. If the RSI reverses, it closes all long trades and goes the other way.

This is very basic right now because I just wanted to get the shell working. I'm going to add a few more indicators to more intelligently determine the direction and reversals. Although, any live tests would certainly help.

Off to work for the day, will work on this more later.

P.S. Since this is using the martingale approach, you do have to give it room to work. You may want to start with a larger demo like $1000 or $5000
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