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Here is the version that uses the RSI without any kind of trend filters. It is used on 15 m charts, with buy and sell levels at 20 and 80, with the long and short RSI periods at 9 and 4. The price type is "5" and I add trades using RSI. It made good profits because of the lacklustre market this week.
Nice work.
here are the results with v3 rsi trend with default settings used with 5 min time frame. this time frame can cut off trades prematurely when the rsi goes into overbought or oversold.
Here is the version that uses the RSI without any kind of trend filters. It is used on 15 m charts, with buy and sell levels at 20 and 80, with the long and short RSI periods at 9 and 4. The price type is "5" and I add trades using RSI. It made good profits because of the lacklustre market this week.
Good result Maji...![](https://c.mql5.com/forextsd/smiles/regular_smile.png)
Can you give me a clue about The price type is "5"?
I saw code inside at the older "Cost Averaging RSI EA" written:
extern int SlowPeriod = 14;
extern int FastPeriod = 5;
extern int PriceType = 1; // 0=Close, 1=Typical, 2=Average
dedywind
Here is the version that uses the RSI without any kind of trend filters. It is used on 15 m charts, with buy and sell levels at 20 and 80, with the long and short RSI periods at 9 and 4. The price type is "5" and I add trades using RSI. It made good profits because of the lacklustre market this week.
do you have UseSafeMode set to true or false?
Results for Cost Avg - RSI w-Trend v3
Statement attached for RSI w-Trend v3, FXDD, 15 min charts, with UseTrend and UseTrailingStop on. The system was restarted a few times with slightly code changes mentioned in my previous messages. The results are not as good as Maji's results. Keep going, Maji!
//----------------------- USER INPUT
extern int MagicNumber = 12413;
extern double LotExponent = 1.666667;
extern double slip = 3;
extern double pLots = 0.1;
extern double TakeProfit = 150;
extern double Stoploss = 500;
extern double PipStep = 25;
extern int MaxTrades = 10;
extern bool UseStopLoss = false;
extern double TotalEquityRisk = 25; //loss as a percentage of equity
extern bool UseSafeMode = true;
extern bool UseRSIforAddTrade = true;
extern double BuyLevel = 20;
extern double SellLevel = 80;
extern int SlowPeriod = 9;
extern int FastPeriod = 5;
extern int PriceType = 5;
extern bool UseTrend = true;
extern int sMAPeriod = 20;
extern int MAPeriod = 10;
extern int MATimeFrame = 1440;
extern int MAMethod = 0;
extern int MAPrice = 5;
extern bool UseMASlope = false;
extern int MinPips = 10;
extern int MALookBack = 5;
extern bool UseTrailingStop = true;
extern double TrailStart = 20;
extern double TrailStop = 20;
extern bool MM = false; //Use Money Management or not
extern double RiskPercent = 0.1; //% of equity used as margin per trade
Cost Averaging RSI with Trend v1 part 2a
Second week of testing version 1 with trend (post #208)
Pairs: EURGBP, EURJPY, EURUSD, USDCHF, GBPCHF, AUDUSD
Timeframe: M15, M30, H1
Starting ballance: $5000
Broker:IBFX
Settings: Default
Cost Averaging RSI with Trend v1 part 2b
H1
I think I will drop testing on this one.
Good result Maji...
Can you give me a clue about The price type is "5"?
I saw code inside at the older "Cost Averaging RSI EA" written:
extern int SlowPeriod = 14;
extern int FastPeriod = 5;
extern int PriceType = 1; // 0=Close, 1=Typical, 2=Average
dedywindDedy,
I realized that I had changed the code a little bit to trade the system that I posted. I will send it out this weekend with another update on the RSI trend system where I tried to take care of some bugs that Scott pointed out.
Thanks for helping out everyone.
H1 I think I will drop testing on this one.
Tom,
using 1 hour time frame with filters on is very restrictive. Maybe you can try it with turning the trend filters off. I think 30m and 1h are "safer" in the long run. Just a hunch though.
Foreward testing
I am forward testing the latest EA as emailed with the default settings.
Cost Avge RSI with Trend v1 Here are this week's result using M15 TF
I am also continuing to test Cost Averaging v3 Pyramid and posted is this week's result with default settings and using M1 TF
John