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Re: МТ4 Trading Systems: PARTIZAN TRADING SYSTEMS

amdudus, Thu May 17, 2018 11:24 pm

Cemetery of indicators
I've noticed before that the so-called classical indicators and trading strategies based on them do not work, which is an illusion. More recently, I accidentally found the supporting information, which coincides with my opinion. To you to judge.
So look at the indicators tests:
• Relative Strength Index (RSI),
• Commodity Channel Index (CCI)
• Williams% R.

Next, an electronic shortened translation from a Russian-language site.
«All these indicators are oscillators, which means that their value always fluctuates around some central point (axis), and accordingly, these indicators give the signals similar. More specifically, they signal an overbought or oversold asset, that overbought and oversold is a reversal trading strategy, that is, against the trend, now there is a bit of theory about the testing methods
Purpose: to determine the effectiveness of the RSI, CCI and Williams% R indicators Research range:
• 2012-2015;
• pair: EUR / USD In addition.
I conduct tests without taking into account spreads and commissions, which allows to more accurately determine the potential of the indicator.
Test number 1- Relative Strength Index (RSI)
By itself, this indicator is now very popular, and the main strategy for its use Is the definition of overbought / oversold levels.The value of the indicator RSI is always in the range from 0 to 100, and the signal to enter the trade is formed when its value goes beyond the 70 for sales and 30 for purchases.
Description of the tested strategy:
• Sell when the RSI crosses the mark 70 from top to bottom;
• We buy when the RSI crosses the 30 mark from the bottom up;
• Close the deal on a fixed SL / TP (30 points);
• Indicator period: 14;
• Timeframe: M30.
Test results: Conclusions: The effectiveness of the RSI indicator is 50.96%.
This means that of all open deals only 50.96% were profitable, and 49.04% - loss-making.

Test number 2 - Commodity Channel Index (CCI)
The second no less popular indicator - CCI. Trade it as well as RSI, differs only in the range in which the indicator oscillates.
Description of the tested strategy:
• Buy when the CCI crosses the -100 mark from the bottom up;
• Sell when the CCI cuts the 100 mark from the top down;
• Close the deal on a fixed SL / TP (30 points);
• Indicator period: 14;
• Timeframe: M30.
Test results: Conclusions: The result is the same - 50.96%. Note that the CCI indicator with the same parameters as the RSI opens a lot more deals. More inputs - more noise ...
Test number 3 - Williams% R

Last we will test the indicator Williams% R. He, as well as the previous two signals about overbought / oversold zones. The range is from 0 to -100.
Description of the tested strategy:
• Buy when Williams% R crosses the -20 mark from the bottom up;
• Sell when Williams% R crosses the -80 mark from the top down;
• Close the deal on a fixed SL / TP (30 points);
• Indicator period: 14;
• Timeframe: M30.
Test results: Conclusions: The indicator Williams% R showed this result - 49.75%. But this does not mean that he will constantly give a loss, just the error worked in the negative side.
Verdict
Testing of the indicators RSI (50.24%), CCI (51.08%) and Williams% R (50.28%) showed that these indicators do not have any profitable potential, and their practical application is practically meaningless».
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