Thread: Rsi_fo Ea

Funyoo, this EA and its indicator is really a great interest for me since it fits with my trading style. I tested it on M1, but no position was ever initiated. I use interbank for my broker. Can you shed some light why it doesnt work? Thx!

Funyoo, eventhough it is not trading everyday but the trading rule should be
still working, right? That is:

Go long when RSI_FO is over 0.5.

Go short when RSI_FO is under -0.5.

The system failed to recognize the above rule by not initiating the trade.

Do you have any idea whats going on?

Funyoo, would you please help me (if you have the time) to modify this EA so it would work on the M1 & M5 time frame? And change the trading rule slightly:

Go LONG when RSI over -0.5
Go SHORT when RSI below 0.5

I greatly appreciate your help, Funyoo.

Hi funyoo.How are you.This EA is really interesting for me also.But it has more complex options.Can we make it much easy by adding only the RSİ s time frame option and adding +DI as seperator with its own timeframe and scale options of course with trailing stop also.Like that
Buy...+DI >20 and rsı < 0.5(Dı and rsı s timeframe option can change.
See you

Why change this EA?

It works and very well too, good profits over a period of time, not as fast as some would like but it wont break the bank and I definately think it is worthwhile additive to anyone's EA portfolio.

Ive been playing around with this EA trying to get it to close a position when the Vinnin_RSI indicator goes back towards the middle, but Im having some problems.

if ((iCustom(Symbol(),PERIOD_H1,"VininI_RSI_FO",5,0,9 ,3,0,1)) < 0.5)
{
OrderClose(OrderTicket(), lots, pBid, 2 );
}

even though i have set the shift to 1 it still opens and closes orders constantly over and over again. any help would be great.

thanks

Thanks, I like the rsi_fo indi a lot,
can you add slope directional line over rsi_fo
and make another EA version trade on crossovers - buy on crossover below 0 and sell on crossover above zero, otherwise just close trade.
Thanks again