I'd like to share a piece of RSX system with you. This system by default settings buys when RSX crosses up 51 and sells when crosses down 49. Nice trend following system that works well even in choppy market. Note: Version 1.3 can run only 1 currency pair per account, while version 2 and 3 can run multiple pairs per account.
*Update: RSX Swinger v3
In v3, there are two types of crossover checking method: Bar and Point. Bar checking compares RSX value of previous bar with current bar, while Point checking compares RSX value of the previous evaluated RSX value with current RSX value. I don't know which method is better, so let's test it together.
there is no extension... is this an mql? mt4? mq4? exp?
also where can I one get RSX Indicator? I alraedy have it but its to link for other people
It's mq4. You can search for RSX in downloads section (there is a search functionality).
hmm im getting $980 left from a $10,000 in 1 day its trading about 7 trades per hour and lost ~$500
you mean your live trading account? gazuz?
Wow that's amazing loser! Can you post the trade records?
I think there should be only 4 trades if you attached it to EURUSD 15 min chart.
I used the backtesting... and no its on demo I didnt put it on the chart and tested i just used the Strategy Tester but it seems like it needs to be limited to one trade max per candle:
Well, we all know the that backtesting isn`t always right with MT, but i wouldn`t mind reversing this line the other way around .
If backtested, then the MT uses 1 minute time frame to do the job; thus, screwing the integrity of this expert 100%.
Scorpion, have you live tested this ? You mentioed you have a possibility to run experts all the time to test them, maybe you should do the same with this one.