RSX Swinger - page 12

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scorpion:
Finished coding. The change is a giant leap, so I think the new expert should be v3 instead of v2.1. I will be releasing the v3 after it's stable enough. New features:
  • Groundbreaking crossover checking method to combat whipsaws.
  • Enable/disable exit rules. When disabled, only trailing stop closes trades.
  • Trailing stop triger level added.
  • Enable/disable trade alerts.
  • Comment in trade records.

So far so good, looking foward.

Maxwells

 

Can somebody explain how the exit strategy works:

1-Trailing Stop

2-ATR and

3-Half Volatility ?

 

For buy order, when price rises:

1. Fixed pips: SL is kept at a fixed pips from bid price.

2. ATR: SL is moved according to current Low price - (ATR14 * Factor)

3. Half Volatility: SL is moved according to current Low - (High + Low)*Factor

For sell order, when price falls:

1. Fixed pips: SL is kept at a fixed pips from ask price.

2. ATR: SL is moved accordingly to current High + (ATR14 * Factor)

3. Half Volatility: SL is moved accordingly to current High + (High + Low)*Factor

Note:

* Factor: Dynamic Factor

* SL: Stop Loss

* ATR: Average True Range indicator, built-in MetaTrader.

* ATR14: ATR of 14 bars period.

 

I am running v2 standard ( 1) but SL is moving...?? Have read whole thread, this is clear now...

What is the effect of taking exit 2 or 3 ?

Can you explain it with screenshot perhaps ?

 

Hi Scorpion!

Hey look at this screenshot of this trade that triggered at 1.1849 . The RSX did not go anywhere past the 50 Line and I double checked the setting and it is

51. As you can see it is V1.

What do you think it is going on?

Juher

Files:
eurusd123005.gif  15 kb
 

Looks like you use RSX period = 14. Change the period of rsx indicator to 10.

 

Thanks a lot..that was it. I thought I had changed it

Juher

 

Hi Everybody

Just want to wish everyone here a SAFE AND !!! HAPPY NEW YEAR !!!

I am sure we all are eagerly awaiting the release of version 3

 

Hey there!

RSX Swinger v3 is now available. Download them from the first post.

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 previously evaluated RSX value with current RSX value. I don't know which method is better, so let's test it together.

Settings:

  • RSX_Period, Buy_Level, Exit_Buy_Level, Sell_Level, and Exit_Sell_Level: Parameters of RSX indicator, enter and exit levels.
  • Allow_Rule_Exit: If false, only trailing stop will close out trades. If true, the expert will close trades with exit logics and trailing stop.
  • Evaluate_Interval: Interval in minutes between each evaluation. This limit the number of trades in the same candle. Example, if set to 30, then there will be no more than 1 trade in 30 minutes. If -1, expert will evaluate logics on new candle. If 0, expert will evaluate logics every ticks (not recommended). If greater than 0, expert will evaluate every specified minutes.
  • TS_Trigger: Minimum distance in pips before initiate trailingstop.
  • Enable_Alert: If true, you'll get notified whenver there's a new signal. If false, you won't.

Questions?

 

If something went wrong at your side, please report it. We'll fix it together.

Any idea to filter out bad trades by combining with other indicators?

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