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IRush

5

Indicator IRush uses a modified version of a popular indicator RSI (Relative Strength Index) to look for entries on a daily chart or lower. The indicator has been set up and tested with the major symbols: AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY.

An automated trading with this indicator is implemented in the expert advisor Intraday Rush. This expert advisor can open, trail and close its trades. Check it out, it may be exactly what you are looking for!


A Correct Reading of IRush

The color of the previous bar indicates the order type for the current bar. Green - buy, red - sell, gray - uncertainty. The current bar is changing. Making decisions according to the current bar is not recommended.

The line of the indicator shows overbought and oversold zones. Close to 70 or higher, and you should not buy. Close to 30 or lower, and you should not sell.


Recommendations

Trade on a daily chart. Make trading decisions at the beginning of a day.

Not more than 2 trades for a similar signal on the same symbol.

Look for entries on different symbols and open trades on different symbols.

Volume per 1 trade is 0.01 for 250 USD of deposit (a safer level is 0.01 for 1000 USD of deposit).

Take 300 (3000) pips, trail 100 (1000) pips.

Let your trades "breathe" for at least several days, ideally for 2 weeks. Close if the next bar has a different color.


Indicator Properties

Period - 14 is a popular recommendation.

Trading pattern - ultimate and aggressive patterns defy risks and look for higher profits. A reliable pattern is more cautious and waits longer to enter and exit the market.

Timeframe >> regardless of your current timeframe, the advisor calculates its inputs for this timeframe.

RSI max - no new buys when the last day value is over this value.

RSI min - no new sells when the last day value is below this value.

Max signal bars - if you switch your chart period (timeframe) very often, a big value may slow the indicator. Usually, the indicator calculates only the last values, while all the history is calculated once upon the start.

Bar color for buy

Bar color for sell

Bar color for uncertainty

Bar width

Line color

Line width


IRush has been set up and tested with 6 major symbols. The indicator does not show signal bars on other symbols. The indicator does not show signal bars on timeframes higher than daily. If IRush becomes popular, I will try to add other symbols.

Bewertungen 1
ANDREI SIMONOV
271
ANDREI SIMONOV 2024.02.23 13:03 
 

Привет, индикатор работает в качестве фильтра. Спасибо.

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Indikatoren
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Indikatoren
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Indikatoren
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Indikatoren
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Indikatoren
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Indikatoren
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Auswahl:
ANDREI SIMONOV
271
ANDREI SIMONOV 2024.02.23 13:03 
 

Привет, индикатор работает в качестве фильтра. Спасибо.

Antwort auf eine Rezension
Version 3.3 2024.07.30
1. I corrected a bug.
Version 3.2 2024.07.25
1. I updated weights.
2. I removed Aggressive trading pattern.
3. I set the default timeframe value to D1.
Version 2.5 2024.02.13
1. I added a third trading pattern, so now there are 3 of them: Ultimate, Aggressive, and Reliable.
Version 2.4 2024.02.12
1. I added new properties to the advisor.
2. I added a new trading timeframe - H2. H2 allows for more trades, it is a more flexible strategy. D1 allows for less trades, therefore it is a more stable strategy.
Version 2.3 2023.11.07
1. I added properties: RSI max and RSI min.
Version 2.2 2023.11.03
1. I have update parameters for signal calculations.