ADX, RSI & ATR strategy - page 5
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Ea
Is there an EA for this strategy?
Is there an EA for this strategy?
That's what I'm testing at the minute. Those pictures are the first trades it has made since I started testing it live at the start of the month. I'll be live testing it for a few more months before I release it.
The 4th trade is about to hit it's TP target. Brings my total for march to about 1200 pips.
5th trade, it closed the 4th about 720 pips in profit and opened an order in the opposite direction not long after. For some reason its looking for a 1600 pip move. I think that's a bit optimistic but not unheard of.
Edit: Looks like it got it right, 4 hours in and it's a shade over 100 pips in profit, bringing its accuracy to 60%. This is a little lower than my best recent optimizations but with a near 8:1 profit/loss ratio I'm more than happy = )
Closed the 5th trade 775 pips in profit. 400 of which were made in the last two days of March bringing the total to just shy of 1600 pips and 375 for the first two days of April. I'm expecting it to open a sell trade just as soon as the ADX signals are there.
hi mrwobbles,
do you ever tried this system in smaller tf like 1 or 5m?
I've tried trading it at 30M timeframes but it doesn't really work as well. I think it might be possible to use it on lower timeframes but you might need to use different periods for RSI and ADX.
I'm working on an idea for a system that uses the divergence of two RSI's and CCI emas for it's entry and exit. This system tends to give lots of fairly accurate signals at lower time frames and would be good for most currency pairs. The entry signals I've got so far are
BUY: Both RSI<50 with RSI cross and CCIs <0 and rising
SELL: Vice versa
The exits need some work, but it could be used as a stop and reverse strategy. I've attached the files you need and my template
rsi and adx system seem working but do you use in real money yet?
Not yet
If the next 3-6months of live testing goes well then I might think about letting it loose on a micro account. Although when I do go live I think I would prefer to trade this in conjunction with something that trades more regularly. This system looks for high probability moves and so only trades about 2-10 times a month, however it does tend to make nice profit trades so it would be nice to have this as a bonus to a system that provides more steady income.
The system I'm most likely to trade live is the one based on RSI-Divergence indicator. I got rid of the CCIs to test how good the RSI-Div indicator is on it's own. I hooked it up yesterday to 6 currency pairs (GBPJPY, USDJPY, EURJPY, USDCHF, GBPEUR, CHFJPY) placed 8 trades from 3pm yesterday tlll 4pm today and all were winners. Not all the signals were right but its fairly easy to decipher which ones are good trades. I coded a simple alert that goes off like crazy when there is a signal (gets a bit annoying actually) but that way I can attach it to multiple charts and just wait for the alerts. Here's those trades.
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
1890532 2009.04.06 15:28 sell 0.40 gbpjpy 149.799 151.010 0.000 2009.04.06 18:36 148.792 0.00 0.00 0.00 399.57
1897302 2009.04.06 20:30 buy 0.40 gbpjpy 148.462 148.462 0.000 2009.04.06 23:06 148.875 0.00 0.00 0.00 163.54
1899759 2009.04.07 01:16 buy 0.10 usdchf 1.13752 1.13515 0.00000 2009.04.07 02:31 1.13805 0.00 0.00 0.00 4.66
1899762 2009.04.07 01:17 sell 0.40 gbpjpy 148.700 149.130 0.000 2009.04.07 02:43 147.899 0.00 0.00 0.00 318.25
1908176 2009.04.07 14:38 buy 0.40 gbpjpy 146.658 145.720 0.000 2009.04.07 16:33 147.655 0.00 0.00 0.00 397.48
1908358 2009.04.07 14:58 sell 0.40 usdchf 1.14549 1.14811 0.00000 2009.04.07 16:33 1.14410 0.00 0.00 0.00 48.60
1908360 2009.04.07 14:59 buy 0.10 chfjpy 87.433 87.090 0.000 2009.04.07 16:33 87.712 0.00 0.00 0.00 27.81
1908365 2009.04.07 14:59 buy 0.10 eurjpy 132.802 132.400 0.000 2009.04.07 16:33 133.249 0.00 0.00 0.00 44.55
0.00 0.00 0.00 1 404.46
Closed P/L: 1 404.46
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
No transactions
0.00 0.00 0.00 0.00
Floating P/L: 0.00
Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
No transactions
Summary:
Deposit/Withdrawal: 0.00 Credit Facility: 0.00
Closed Trade P/L: 1 404.46 Floating P/L: 0.00 Margin: 0.00
Balance: 13 408.22 Equity: 13 408.22 Free Margin: 13 408.22
Details:
Graph
Gross Profit: 1 404.46 Gross Loss: 0.00 Total Net Profit: 1 404.46
Profit Factor: Expected Payoff: 175.56
Absolute Drawdown: 0.00 Maximal Drawdown: 0.00 (0.00%) Relative Drawdown: 0.00% (0.00)
Total Trades: 8 Short Positions (won %): 3 (100.00%) Long Positions (won %): 5 (100.00%)
Profit Trades (% of total): 8 (100.00%) Loss trades (% of total): 0 (0.00%)
Largest profit trade: 399.57 loss trade: 0.00
Average profit trade: 175.56 loss trade: 0.00
Maximum consecutive wins ($): 8 (1 404.46) consecutive losses ($): 0 (0.00)
Maximal consecutive profit (count): 1 404.46 (8) consecutive loss (count): 0.00 (0)
Average consecutive wins: 8 consecutive losses: 0Hey, I have been following your posts for the past few months. Your system is legendary and I think your EA is going to do really well.
Keep up the good work!
charts look too messy