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Old 03-27-2006, 11:26 PM
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relative momentum index

hi guys ..it s been a while i m using the relative momntum index as my only indicator and the results are amazing ..this indicator is a winner...
the problem is i m using it on metastock and i wonder if someone can make the code for metatrader ....

buy order : Cross(RMI(C,20,5),30)
exit : Cross(70,RMI(C,20,5))

sell short order : Cross(70,RMI(C,20,5))
exit : Cross(RMI(C,20,5),30)


i hope someone can help us here ....
here are the results for 2 years backtesting (manually) 1h charts:

usdjpy 2079 pip
eurgbp 610 pip
eurjpy 1284 pip
eurusd 2930 pip
gbpusd 3529 pip
usdchf 2383 pip

as you can see no loosing pairs in the long run , and we can even improve it more ..
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