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Thread: SMA RSI Trend Follower

  1. #1
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    Default SMA RSI Trend Follower

    Hi all,

    I found an interesting manual trading system in a trading magazine.
    As it sounds simple to trade and makes profit due to the author I thaught it might be worth giving it a try beeing coded. I hope that these facts are suffitiant to give this system a try.

    It is based on daily candle charts and recommendet pairs are:
    AUDUSD
    NZDUSD
    EURAUD
    EURCAD
    EURNZD
    AUDJPY
    Spreads on these Minors might be higher (depending on broker), but system will try to catch a long trend and might log in hundreds or even thousand pips...

    Indicators used: SMA 20 and RSI 20

    Entry:
    Long if pricer is above SMA20 and above RSI50
    Short if price is below SMA20 and below RSI50.
    Maybe it makes sense to use closed candle?

    SL:
    100Pip

    Exit:
    Opposite signal or Trailingstop
    TS: Breakeven if +100Pip, and then 50% of profit (if +200Pip TS to +100, if +300Pip TS to 150, ...)

    Moneymanagement:
    0,01 Lot per 1.000USD = 1% risc per trade
    If there is a weekly loss of 2% no more new trades for the current week.

    Funyoo, as you already setup various MA and RSI EAs I guess this could be possible as well. Maybe TS is a bit different here. So thanks a million in advance!!!
    Attached Images Attached Images SMA RSI Trend Follower-1-png 

  2. #2
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    Default

    Here is an untested version.
    Attached Files Attached Files

  3. #3
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    Default

    sounds nice and easy
    IXBONE
    Business Internet Services | IX Trader Forex Software
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  4. #4
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    Default

    Hi CodingChris,
    cool and thx for this one - I will test it in the next couple of days and post the results...

    Gruss nach Österreich!

  5. #5
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    Default hamy

    Quote Originally Posted by CodingChris View Post
    Here is an untested version.
    hi I mentioned before re an ea that when hit target profit closes all the pending orders everythin attache is eureka ea coul u please modify it or just have an ea like that but with option of clsoing all peding orders ect?
    regards

  6. #6
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    Default

    I would modify it, but it seems it is a) a commercial one and b) only ex4 format, so without source.
    I would suggest you delete this file soon.

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Tags for this Thread

breakeven, broker, candle, eas, ex4, manual, manual trading, manual trading system, pairs, pips, profit, rsi, signal, simple, sma, system, test, trading, trading system, trend

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