Please add the value for RSI-5 too!

Can we separate and use 2 EAs, one for BUY and one for SELL. So that for the BUY EA, we will use the "SellRSI" option as CLOSE.

What's the function of "LotIncrease" and "recupfactor1" for?

UPDATE:

After testing the 2 EAs presented here, I regret to inform that they don't seem to satisfy the criteria set - wrong entry.

Maybe someone can make the EA for this - kindly see post #4 for the rules, and post #19 for the actual entry/exit of trades.

Hi Pingarcia,

Sorry, I am just learning to program and I can not help more. perhaps someone else would like to help.

Lotincrease: will increase or decrease lots in relation with account balance. If you use money management it should be put to false.

Recupfactor: if set to more than 1 will increase the number of lots by this number after a loosing trade. If set to 1 will do nothing


I agree that it does not seem to follow the rules completely. However, I have been forward testing at M15 timeframe with eurusd. and it is doing astonishingly well.

Please see attached statement. (note that some trades have been done with 56 lots due to my mistake in the settings of the MM which should be put to 1)

I think that it is worthwhile to continue forward testing. Back testing results are different.

Attached Files

pingarcia.zip (7.6 KB, 86 views)

Hi Pinggarcia - sorry buddy - I'm in the same boat and still in the early stages of learning the code. Your requirements seemed simply enough...


...still learning,
Mike

__________________
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"Treat people as if they were what they ought to be and help them become what they are capable of being." Goethe

Nice to know you are getting nice results testing this one on EURUSD, too. But, are you also doing this manually, according to the rules I set out in post #4? Or are you using one of the EAs posted in this thread?

I'm also demo trading it manually, and it profitable with some few loss trades.

But using the EA, it seems the EA don't enter at the criteria you have suggested. I hope creator of the EA or someone with programming knowledge can help us fix it.

I'm done - take a look into another thread

actually I posted into the wrong thread 3 times in a row. Dain Bramaged...

RSI crossover:


The idea itself is interesting but again
Lets see:
1. buy when
RSI-14 < 40
RSI-14 of this bar is higher than RSI-14 of the previous bar
RSI-5 is at least 5 points higher than RSI-14
If that is all, it can be done

2. close buy when
RSI-14 > 60
RSI-14 of this bar is lower than RSI-14 of the previous bar
RSI-5 is LOWER than RSI-14 at least 1 point

3. vice-versa for sell, meaning we sell when we close buy and we buy when we close sell

done. no success in trading though.

Attached Files

RSI_CROSS_SHINIGAMI.mq4 (5.3 KB, 134 views)

Hi,

Thanks a lot for this EA. I am testing it now, but I don't seem to get the same entry and exit points, as compared to my manual testing. Like I said, BUY trades seems to be doing better than the SELL trade, so let's try to discuss this first.

April 2007 manual test results:
BUY 4/4 (00H) - 1.3335 (+34)
CLOSE 4/5 (02H) - 1.3369

BUY 4/9 (07h) - 1.3365 (+42)
4/10 (00h) - 1.3378 (+29)
CLOSE 4/10 (07H) - 1.3407

BUY 4/23 (14H) - 1.3565 (+61)
4/24 (05H) - 1.3566 (+60)
CLOSE 4/25 (00H) - 1.3626

BUY 4/26 (17H) - 1.3604 (+19)
4/27 (00H) - 1.3597 (+26)
4/27 (07H) - 1.3598 (+25)
CLOSE 4/27 (15H) - 1.3623

A total of +296 pips, subtract 16 pips (8 trades x 2 pips), for a net of +280 pips!


The reason why there are multiple open trades, is because RSI-14 did not reach 60 level, and the market ranges up and down, and then up again.

Kindly put in a STOPLOSS option of 20 pips please.


... and, RSI-5 of this bar is lower than RSI-5 of the previous bar


Like what happened on Apr 4 (0H), when the value of RSI-5 is 44, and RSI-14 is 37 (difference of at least 5 points). And the previous value at Apr 3 (23H) of RSI-5 is 22, and RSI-14 is 29, to make a RSI "cross".

The value of which are taken at the close of the candle, at the candle where the cross just happened. If it happened on the next candle, we don't open any trade at all.

Take a look at Apr 9 (18H), the RSIs did cross, but the difference is only 2 points (RSI-5 is 39, and RSI-14 is 37). On the next candle at 19H, as the trend continues, and the difference of the RSIs becomes 5 points (RSI-5 is 45, and RSI-14 is 40), but we don't open a BUY trade because the RSI CROSS happened on the "next" candle already.



... and RSI-5 of this bar is higher than RSI-5 of the previous bar.

Like what happened on Apr 5 (2H), when the value of RSI-5 is 53, and RSI-14 is 60 (a difference of at least 1 point only is enough to close the trade). And the previous value at 1H of RSI-5 is 77, and RSI-14 is 65, to make a RSI "cross".

Not neccessarily, while closing the BUY trade, we need the difference of RSI-5 and RSI-14 at 1 point only, while to be able to open a SELL trade, the difference must at least be 5 points.

Again, backtesting this using the Strategy Tester at MT4 gives me a different result, as against my manual testing. Is it possible that we test the BUY trades only first? Then test the SELL trades, or both BUY and SELL trades simulteanously later?

Thanks!

Attached Files

RSI Crossover.tpl (2.7 KB, 54 views)

The rules you posted change some things. I'll be back to you when I'm done re-writing some things in the code.

Thanks!