Discussion of article "Learn how to design a trading system by RSI"

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New article Learn how to design a trading system by RSI has been published:

In this article, I will share with you one of the most popular and commonly used indicators in the world of trading which is RSI. You will learn how to design a trading system using this indicator.

In this part, we will see how to use RSI - Relative Strength Index - indicator. For this, we will use a simple strategy, which will be different according to different market direction.

We will see how RSI can be used during uptrend, downtrend, and sideways. The specific usage is directly related to the overbought are, the mid range, and the oversold area. First we need to understand how RSI moves during different trends or movements as we can see clearly that RSI moves differently with each trend or movement. Then we will use a simple strategy which can be used during each one of trends — the main objective is to learn how to use it and to give new insights and open our eyes to new ideas that can be useful for our trading. In this part, we will see how RSI reacts to each trend or movement type. However, please pay attention that the strategies are provided for information only, to show how the RSI can be applied to analyze market data. You always should test every strategy that you want to use in your trading, as some strategies may not be suitable for your trading style especially, especially when it comes to educational strategies.

    During Uptrend

      In this case, most of the time RSI values move between or moving between the mid range and level 70 (Overbought level).


      RSI with uptrend


      Author: Mohamed Abdelmaaboud

       
      Dear Sir Mohamed,

      Good days to you. Your article is superb, with great in depth knowledge on building automated system complete detail.

      Thank you, Sir we are very happy to have you.

      Kindly I want to ask, can you tell me, if we can use this strategy combined for the asset class. Like Uptrend DownTrend and SideWays all together working in one chart giving us the signals.

      Thank You I appreciate your great work. Awaiting your reply. In the meantime if your can provide your contact would be grateful Sir, ***

      Thank You wishing you long life 
       
      Engr. Ahamed #:
      Dear Sir Mohamed,

      Good days to you. Your article is superb, with great in depth knowledge on building automated system complete detail.

      Thank you, Sir we are very happy to have you.

      Kindly I want to ask, can you tell me, if we can use this strategy combined for the asset class. Like Uptrend DownTrend and SideWays all together working in one chart giving us the signals.

      Thank You I appreciate your great work. Awaiting your reply. In the meantime if your can provide your contact would be grateful Sir, ***

      Thank You wishing you long life 

      Dear Ahamed,

      Thanks for your kind words and I hope you find my articles useful for you.

      Yes, you can combine them.

      Thanks and good luck.

       

      Tables, huge images with little content and then duplicated and repeated.

      This is what an artificially inflated article with almost no content looks like.

      Quality at the bottom

      Not even bothering to optimise the code.

      With every tick() EVERYTHING is calculated.

       

      One more addendum. The article is called "Learn the development of a..."

      There is enough theory about the market everywhere.

      Then the code is simply slapped on the beginner in the middle.

      Is that a learning path?

       

      Christian, why so angry? Have you slept badly?

      For you, the article is without any learning and information value, but it is not for people like you.

      And for someone who doesn't (yet) have a clue, it shows how systematically you can develop an EA and also how the RSI behaves and how you can interpret it.

      However, if you wanted to write everything you mention, the article would probably be far too long.

       
      Christian #:

      One more addendum. The article is called "Learn the development of a..."

      There is enough theory about the market everywhere.

      Then the code is simply slapped on the beginner in the middle.

      Is that a learning path?

      Thanks for your comments,

      To what you said about images, yes it is true and the reason is that the image gives a clear explanation of the idea and this helps the reader to understand well what is being read. Moreover, the image is also content because the content is simply what you mention to give value or information about something, so I see that the content is not little. Since I am not just mentioning coding for something, I am trying to explain the root of what we need to code.

      For optimisation, I have mentioned in every article that you need to test everything before you use it. Because the main goal of these articles I have written so far is education only for beginners and. So what you can find is easy for you as a professional, maybe not the same for someone else.

       
      Mohamed Abdelmaaboud #:

      Thank you for your comments,

      To what you said about images, yes, it is true and the reason is that the image gives a clear explanation of the idea and this helps the reader to understand well what is being read. Moreover, the image is also content because the content is simply what you mention to give value or information about something, so I see that the content is not little. Since I am not just mentioning coding for something, I am trying to explain the root of what we need to code.

      For optimisation, I have mentioned in every article that you need to test everything before you use it. Because the main goal of these articles I have written so far is education only for beginners and. So what you can find is easy for you as a professional, maybe not the same for someone else.

      It is crucial whether an article addresses the code. Because that's what this is all about, and only in an article can this problem be addressed.

      Why exactly a function belongs there with a small explanation is much more informative than fancy pictures.

      That's what interests a beginner. I used to be one too, so I know exactly that the theory of code is only the small side.

      How to move an indicator onto the chart is in the documentation.

      I often see articles that appear to be for beginners and then I see complex mathematical formulae.

      And yes, sometimes you have to speak up.

       
      Carl Schreiber #:

      Christian, why so angry? Did you sleep badly?

      The article is of no learning or informational value to you, but it's not for people like you.

      And for someone who doesn't (yet) have a clue, it shows how systematically you can develop an EA and also how the RSI behaves and how you can interpret it.

      However, if you wanted to write everything you mention, the article would probably be far too long.

      No offence, but straight to the problem.

      It's like learning to drive a car without explaining the signs.

      And it's precisely because I have experience that I see the problems with such articles.

      The few lines of code, which are repetitive anyway, are not a task that takes hours.

      The three letters "RSI" alone appear 149 times in the article.

       

      Dear Mohamed,

      Thank you for the RSI system codes. Would they be able to be used in MT4? If not, could you share the MQL4 files for these codes?

      You mentioned that we can combine them. How do we do that? Apologies for being the non-coding guy.

      I would like to test them on the demo account to check out them out. Thanks.

       
      MetaQuotes:

      New article Learn how to design a trading system by RSI has been published:

      Author: Mohamed Abdelmaaboud

      Coded this (M1, 28 pairs, 2022), not fake but just OHLC. What a grail!

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