Trading forex risk disclaimer. Exclusive EAs in the Elite section.
Another RSI version, the RSI turn point. The RSI goes down/up and then up/down.
EG M5. One month.
Trading forex risk disclaimer. Exclusive EAs in the Elite section.
The RSI following version. The signal is generated when the RSI goes up/down.
EG M5. One month.
These RSI codes are only for the fun, as this month was a particular one.
Trading forex risk disclaimer. Exclusive EAs in the Elite section.
The problem i think with this EA is that it has a very good backtest result with history data which is static.
I have or never have seen this crazy awesome results in a real or demo statement. Thats my fears bcos they seem to burn off in forward tests
For those who are interested, here is a simplified explanation of the system used in this EA (Your_Lucky_EURGBP_rdb_v1) :
There is two fractals envelopes, one based on M15 period, and another one on H1 period. If the price is located between the two last fractals (up and down) of each envelope (in fact there is only one enabled currently, I will see what happen when we enable the second), then we check the signal. The signal is the price over/under a simple moving average, when the bar closes over : we sell, when the bar closes under : we buy. There is also a time filter. There is only one trade per bar. The close is made when there is profit, when the tp or the sl has been reached.
I have attached the Multi Time Frame Fractal indicator used in the screenshot above.
Trading forex risk disclaimer. Exclusive EAs in the Elite section.