EA with exit on RSI movement

brainjt · #1 (**permalink**) 08-10-2007, 10:33 AM

Colud you please advice me,
I look code or help- I need exit from trade on opposite movement RSI against entry- example: entry on cross two ema and RSI up 75 and exit on RSI down 60 or 50???
look picture- entry red lines exit if recross RSI down on 50 or 60? depends on currrencies
Thx bj

Shinigami · #2 (**permalink**) 08-10-2007, 10:40 AM

Thats not exit on RSI retrace. Thats exit on RSI being high. That is exiting way too soon. Try trading manually, you might learn when to exit.

brainjt · #3 (**permalink**) 08-10-2007, 10:44 AM

thx for answer,
is it possible write code for it?
it can be SL on RSI bellow 50 or 60,
it helps me elominates loss if tred reverse
thx

brainjt · #4 (**permalink**) 08-10-2007, 10:50 AM

entry is clear, after cross 5 and 8 EMA and RSI bellow 25- now need have SL if RSI cross up level 40 or 5O RSI, if not befeore TP or BE certainly
thx

brainjt · #5 (**permalink**) 08-10-2007, 10:53 AM

another pictures-

newdigital · #6 (**permalink**) 08-10-2007, 06:06 PM

Hi brainjt,

It is not understandable concerning your rules to enter from your image.
And because of that I tried to code 2 EAs. Anyway you may see everything from inside the code.

Case #1.

Code:

You are entering if:
- RSI is crossing some level (above 70 for buy and below 30 for sell)
and
- one ema is above the other ema 
(as confirmation of the trend)

----------------------

Case #2:

Code:

You are entering if:
- one ema is crossing the other ema;
and
- RSI is above some level (above 70 for buy and below 30 for sell).

So it is completely different cases to enter.

---------------------

And you want to close the order on: sl, and tp, and ts, and on RSI.

So case #2 is MA_ExpertProfit_1 (attached).
Case #1 is MA_ExpertProfit_2 (attached).

If you need to code something differently so it is very easy to change it from inside the code.

brainjt · #7 (**permalink**) 08-10-2007, 07:07 PM

thx, Ill study this EA

brainjt · #8 (**permalink**) 08-10-2007, 07:32 PM

my idea is based on EA bago method MikhailEA V2revised BE- very nice profit on 15 min - entry cross 5 and 8 ema and RSI bellow or up 25 resp. 75, if I give fixed SL 40 and TP 25 in trending market ist oh key, but after reverse trend - I want exit on RSI cca 5O, I note that this SL is more lower then fixed SL
i attach picture- sorry for my english and mistakes
vertical puprle line is entry on bago EA- fixed SL is horizontal gold line- 40 pips
aqua horisontal line is SL on RSI cross 5O- its more lower then fixed SL
Thx

brainjt · #9 (**permalink**) 08-10-2007, 07:56 PM

is it possible add code Case #1 is MA_ExpertProfit_2 in bago ea....

brainjt · #10 (**permalink**) 08-10-2007, 08:45 PM

I tried modify bago ea - without success