Don't SELL, just BUY it

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indratime
78
indratime  

Before tell anything, pardon me because my english is very2 bad.

Hi guys, i have new idea for trading system.

How if we only buy, and never sell

I have backtest from 2005 till now, because my meta only have that data.

Just buy when RSI < 30

TP 150pips

No SL

Trail stop 100

i use GBPJPY for backtest in TF H4

i'm not trading this system now, but maybe i will after i have a lot of money .

you (programer), i hope can explore this. so we can know how use this idea.

Thanks a lot to your attention.

flimboquest
137
flimboquest  

Hi, Hmm interesting idea anyway ).

IMHO on GBP/JPY that is mostly trending pair it can works for one side i mean for your just long entry. .

going to explore that

drayco
37
drayco  

What period RSI ?

indratime
78
indratime  

i use standart setting, 14

but you can explore the best setup

thanks

And thanks to Adrian too

indratime
78
indratime  

my second explore

setup

RSI 14

TF H4

NO TP

NO SL

NO TRAIL STOP

Go Long if

RSI < 50

Close[1] > High[2]

Close Trade if

RSI > 80

Close[1] < Low[2]

I find this idea because i remember about BUY low and SELL High

Thats mean (imho) we only trade(enter) if price is low. And exit if Price is high.

And Dont trade(enter) if price to High

nicesurf
369
nicesurf  

I really like this simple system.

Thks

Nic

Craig
235
Craig  

Any old crap works awsome with no stop loss, if you dig that sort of self delusion you should check out the Stienitz thread.

indratime
78
indratime  
Craig:
Any old crap works awsome with no stop loss, if you dig that sort of self delusion you should check out the Stienitz thread.

Yes you right, All trade with no SL will work awesome, because Stop Loss is broker spread game.

If you will use SL, use it manual.

just like Oanda, they can wide their spread to 200pips in second.

Craig
235
Craig  

You are correct, Oanda does widen the spread to titanic levels, to counter this blatent market making I use the bizzare and counter intutive stratergy of using another broker.

drayco
37
drayco  

I still like this method. This is one cool indicator that may go with it .......

https://www.mql5.com/en/forum

emdafx
17
emdafx  

mmmmmmmm

very interesting....

I want to learn to code... this has to be easy to code... I want to learn coding EA's... but until then I will stay tuned here if someone codes this simple EA... Thank you.

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