This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 Dow = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net...
Included adaptive lot size based on ATR, and also ATR based stop and take profit levels. Risk/reward increased to 1:2 and should work in all ranging FX pairs as long as they are not trending. Once the market starts trending it'll eat this bot alive. Cheers, Ivan Labrie Time at Mode FX
Here's the last version...quick hack job. I'm sure it can be improved, but this is a rough sketch, code wise. The strategy works in range bound enviroments, so cointegrated pairs like AUDCAD will shine with it. Cheers, Ivan Labrie Time at Mode FX
Still working on fixing the code 100%. Will update with a new version soon. This one's fine tuned for gold (tp and sl size, and contract size for a 100k account) Cheers, Ivan Labrie Time at Mode FX
Great oscillator which determines trend and momentum. So accurate it could be used as a stand alone indicator.
Just a test...I'm not sure this will work 100%. I think the backtest is flawed (the exit parameters look suspicious) Anyway, the strategy does make sense, maybe in live trading it'll toss good signals. Can we apply it to our demo account here? (trading panl) Anyone?
EXPERIMENTAL: request from anonimm
Simple change to the standard MACD formula I like to use that slow it down and reduces the amount of false signals while allowing strong/good signals through,
Price Overlay for Multiple Method Choice Divergence Detection:
As described here: update: added divergence detection.
An adaptation of MACD. I added: - Zero line cross signal - MACD/Signal line cross signals with arrows - Max/Min lines threshold Theoretical foundation is from goo.gl
EXPERIMENTAL: MACD Divergence detection. looks like macd is more prone for missing the extremes in price then the rsi due to lag.
RSI, EMA of RSI, EMA of RSI's EMA, and Stochastic. V2 added Price Bar Coloring. Buy when Orange or Green, Sell when Yellow or Red.
BUY & SELL PRICE TO VOLUME PRESSURE By Ricardo M Arjona @XeL_Arjona DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The embedded code and ideas within this...
This is the same as the MACD 4C but it also has the signal line.