Forex trading strategy #47 (DOUBLE RSI)
Submitted by User on October 29, 2011 - 12:05.
Submitted by Victor
[email protected]
http://crystal-markets.blogspot.com/
I was asked to filter this trading plan:
The system is almost 100% accurate with backtesting, but trading life
is kindoff different.
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I'm trying RSI 12 Median Price, RSI 6 Median Price, Fisher 12, 15m chart. They all line up a bit better on the swing of the trend, as far as I can see at this early stage, will throw a few trades on the demo account. I just chucked a smoothed Heiken Ashi on the chart, more confirmation of the change in direction, looks good but so do so many, proof is in the pudding.
For those of you who might have problem with Fisher indicator, default stochasticHistogram of 5,3,3 or 8,3,3 could replace it for same performance
Crystal Markets
http://crystal-markets.blogspot.com/
Thanks for your post. I am a new trader . Pardon my ignorance ,Could you please tell me what is fisher.
Regards,
Ven
Since we are talking MT4 here, I find better results using RSI 6 on both RSIs. Make the first RSI work off the Close Price. Make the second RSI work off the first RSI.
When you get a Buy signal, close the open sells. When you get a Sell signal, close the open Buys. Or use Stops and Limits for closes.
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