Multi-Channel RSI Scalper
Rules :
We go long if the price is under the lower level of a first channel (detemined with the highest high and the lowest low on x bars) and the lower level of a second channel. The difference between the two levels of the first channel have to be higher than "distance". The signal is filter by the rsi that has to be between rsilevela and rsilevelb.
We go short if the price is over the upper level of a first channel (detemined with the highest high and the lowest low on x bars) and the upper level of a second channel. The difference between the two levels of the first channel have to be higher than "distance". The signal is filter by the rsi that has to be between rsilevela and rsilevelb.
We have also a time filter.
- Trade only between 16:00 and 3:00 GMT between monday and friday.
- No trade during sunday,
- No trade after 20:00 GMTthe friday.
Initial balance : 1000.
EG M5. Since 1999.
Total net profit : 984392.18%
RDD : 8.24%
Note : the maxspread should be taken into consideration. Although, there is no tight take profit. Indeed, the stoploss, the takeprofit, the trailingstart, trailingstop and trailingprofit have not yet been optimized (they are all set on 0)! The trades are closed on the opposite signal.
Download : Multi-Channel RSI Scalper (available in the Elite section)
