RSI R2, 84% accurate

[[Deleted]]

Hi, All,

I quite new to this forum and would like assitance in programing this concept

taken from

http://www.tradingmarkets.com/.site/stocks/commentary/editorial/The-Improved-R2-Strategy.cfm

Apparently its 84% accurate when applied to stocks but Iam sure this concept is universal

Please reply to [e-mail]

Thanks all in advance

[Chrisstoff]

Interesting strategy. I visually backtested on EURUSD on Daily charts for a couple of days and it seems to work out properly.

The rules are quite simple so I think it can be coded into an EA.

[smeden]

Yes your right I got a nice win%

I did not add stop loss to it. Only the rules on the forum.

The EA is a mess it is an old system I did redo.

I will post it later when it is cleaned.

I did test on the data I got.

[bluto]

So how is the sell side handled, or is it?

[Oidunno]

Thanks for link BP.

I mouched around the short period intraday RSI idea some months back. But the idea came from somewhere else. However as I remember manual backtesting was't as convincing as 85%. .

Anyway from what chrisstoff says, I obviously missed something.

A simple EA to test the concept would be interesting.

[smeden]

I did use RSI>35 and the rest the uppersit.

See the statement

[waltini]

And the 200 sma?

Hi smeden, do you think for the shorts the price should be below the 200 sma? I was just having a quick look at some of your trades.

[Chrisstoff]

smeden:
Yes your right I got a nice win%

I did not add stop loss to it. Only the rules on the forum.

The EA is a mess it is an old system I did redo.

I will post it later when it is cleaned.

I did test on the data I got.

Smeden,

Thank you for sharing the results. Your backtest results prove the preliminary statement of the authors of TradingMarkets.com. Well, I would also like to know about the sell side. How did you resolve that?

Regards,

Chrisstoff

[smeden]

I did just do the uppersit from the buy.

And used RSI>35 for sell

[[Deleted]]

R2 Rsi Coding

Hi All

I have managed to obtain R2 RSI indicator, Is it possible to convert this to an EA?

Thanks

Prinze

[[Deleted]]

R2 Rsi Arrow indicator

Hi All

I have managed to get hold on the indicator is seems quite promising, Can anyone convert this to a system?

Peter