Quote:
Originally Posted by montedoro
Thanks very much for your advice! Start testing. I really forget this possibilities to switch the profit mode=2. About RSI: I also think that with RSI we`ll get better results than CCI. I want just for information to let you know that in the platform of fxcm.com (this is not MQ4 based platform) there is indicator named AdaptiveRSI (ARSI). This is a recommended indicator there from a very few recommended. For me it`s working unbelievable good. ARSI is not oscillator. You can attach it on the chart or even below the chart. Yes, like oscillator RSI is good when you are looking for divergence, but in our case we no need any divergence signals. RSI is pressed between 0-100 and that’s why gives many fake reversing signals especially in the overbought/oversold levels. Unfortunately I didn`t found information about formula of ARSI. Also didn`t found ARSI or similar indicator in MQ4 database. For sure you know better than me how to find the formula. For me ARSI will be very comfortable for triggering if found like MQ4 indicator. I`ll be contented if this info was helpful for you.
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I've not found ARSI on MQ4 and rewrite it from Metastock.
I'm not sure its right, please check.
This is the version for a chart window.
montedoro, could you explain how to use this indicator?
Thanks!