Hi Guys !
((sry for my english))
While ago i create my own strat that combine 2 indicators with is RSI + my Arrows (no repaint or lag)
Currently i test it on 2 sets of settings and results are interesting... some day a blue arrow work better some day a red . We just need to test it more
I play so far only on EUR/USD i do not test any more pairs... (so far better arrows is blue)
But main and most important is BLUE arrow i recomend to test it
Remember red is only to look at. I play live only blue arrow so far so pls focus on blue
I play only o M1 time frame but blue work iven on 5min (less signals)
My rules are to wait for confirmation of touch first lvl of RSI = 85 or 15 or higher/lower to confirm a arrow. Sometimes i get only a arrow without confirm from RSI so I wait up to 3x more candles
(to rsi touch lvl to confirm) then i take a 60s option by the end of current candle. If I lose so... I take another trade now for 5min to recover (for example 10$-10$ no martingale)
But if on 1st loss a RSI go above/under = 92/8 i do NOT take a 5min recover. Many times I see there is a waterfall after that so i just wait for another signal to recover.
Also, I try to not take a trade when a candle is on disadvantage for our enter ( example: if we have a PUT arrow and candle goes deep red - that means price bounce back already so its a bad entry...
if we get a PUT arrow and GREEN candle then is a better entry... seriously it works many times...)
I also NOT trade when there is a arrow on candle that touch/break or is near by center of bolinger bands!
I try to write a EA for this in future....but this strat need some improvements to better filter these arrows. So pls guys for Your help ... how filter this blue arrow
so blue is main arrow but red if for more tests
Blue is on "weighted price" but on "open" it also look intresting
I post some examples from good entrys and rules :
example how to play.png 39.73KB 77 downloads
rule 4.png 30.46KB 38 downloads
rule2 dont trade.png 10.64KB 34 downloads
On average in 1day we can get something about 10 to even 30 signals (from 1 arrow) So there is enough to filter... i think that together we can make it way better
Just download test it and try to use some of Yours good indicators to help find a good filter...
i just remove red arrow from template ... for now just focus on blue.. in my opinion its better.