MagicRSI - page 4
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Ok here is the new and improved;
MagicRSI v5.
Additions:
Allows 1 trade of a Sell and a Buy at the same time. Helps with profit.
Lot Increase working correctly now.
MagicRSI v5 Opted for: EURUSD *Daily Chart*
V5 is also using TP instead of Profit for right now until i can make it match the lot increase growth. (Profit should be also fixed to work with smaller accounts now without having to change the number based on lot size.) For now do not use "Profit" as stated in the code.
Please let me know how it works for you all....
Spider~
Here is the demo account for the day testing out MagicRSI v3 + v5 together.
v3 wants 9 pips profit still using Profit Code. H4 EURUSD + H4 USDJPY / 1 Lot
v5 wants 10 pips profit still using Profit Code. Daily EURUSD / 2 Lot
(Will be switching over to TP of 10 pips instead of profit code for v5)
There is another code also running which ignore. It places alot smaller lot sizes and has nothing to do with MagicRSI.
Spider~
MagicRSI test
Hello everyone,
I started test on MagicRSI v3 (from post #14) on Sunday. (EURUSD, H4, IBFX)
The first day was really Magic ! So let's see what happens...
Questions to Spider4896:
Does version 5 include Wackena improvements ?
Why is it optimized for D1 timeframe now ?
Thank you guys for your hard work !
My settings:
Lots=1.00000000
lStopLoss=70.00000000
sStopLoss=60.00000000
lTakeProfit=2000.00000000
sTakeProfit=2000.00000000
Profit=90.00000000
BLVL=5.00000000
SLVL=95.00000000
PERIOD=2.00000000
Slippage=1
clOpenBuy=16711680
clCloseBuy=16776960
clOpenSell=255
clCloseSell=15631086
clModiBuy=16711680
clModiSell=255
UseSound=0
LotIncrease=0
OneEntryPerBar=0
Name_Expert=Magic RSI
NameFileSound=alert.wav
Hello everyone,
I started test on MagicRSI v3 (from post #14) on Sunday. (EURUSD, H4, IBFX)
The first day was really Magic ! So let's see what happens...
Questions to Spider4896:
Does version 5 include Wackena improvements ?
Why is it optimized for D1 timeframe now ?
Thank you guys for your hard work !Actually from MagicRSI v3 from the start of my improvements it had a Lot Increase but it did not work well with my Profit code so i decided to take it out for now from MagicRSI v3 not to confuse anyone.
MagicRSI v5 uses the TP and not the profit code to close trades. For some reason the higher the TF the better the results with the TP, instead of the Profit code. With the Profit code in use instead of TP, lot increase code will hinder the EA in the Long term but works better on H4 when Profit code is in use. So it depends on which one you use. TP or Profit to close trades.
MagicRSI v5 also will allow one trade on both sides, Buy and a Sell trade at the same time. This helps increase profit.
Yes it is a Magic Time so far so good....
Thanks tomstaufer for helping test out this system.
Spider~
But can I use ver5 wit another time frame (for example 1 hour)?
Because with backtesting 1 hours doesn't work
This EA is amazing
I just started v.3 this morning on demo acc eurusd TF H4 default setting. This baby makes 2 trades all win, got 28 pips in only 10 - 15 minutes each trade. This is the most amazing EA I ever see
. I wanted to thanks all the people who involve with this EA, specially Spider4896 and ienaplinsky 
. I just have suggestion, how about adding dynamic trailing point to maximize the profit. And how about combine it with martingale, because I don't think this baby can beaten twice in a row. So when we already open trade and the market run the the other direction by xx pips (let say 15 pips) and we got another entry signal (same type) then we open another trade with bigger lot ( maybe twice). Tomorrow I gonna run v.5 on demo acc. If everything is ok this week then I'm gonna run this baby LIVE. Thank you guys.
yeah bagger I have the same problem with minilots
*edit* im confused
yeah bagger I have the same problem with minilots
i have edit my post because, few seconds ago i test again with all possible combinations with no or with 2 decimal place and there was exactly the same trades. only when i make lotincrease true it trades lesser.
ah ok!
Now there is another problem.
There is a drawdown of 33%. It's very large for me.
How is possible to minimize de drowdown?
Maybe with risk<10%?