
I have no doubt about it
but when you do it yourself, you will get a lot of positive emotions.
Good luck.
this is a platform where users help or support others when they are stuck or have a friendly question.
agree.............. some clarity or helpful answers will be always welcome 2 others especially new ppl............... not just some vague response and a wink emojimarwilli wrote: ↑Tue Aug 04, 2020 7:47 amthis is a platform where users help or support others when they are stuck or have a friendly question.
if you post something informative or charts, you should also be ready to answer factual questions.
instructional phrases are completely unnecessary.
a no go for a forum like this.
Чудова ідея. А може цей індикатор допоможеBanzai wrote: ↑Fri Jul 17, 2020 6:26 amI surf around and found this potential RSI divergence trading strategy.
Released date: July 14th, 2020
Timeframe: any; scalpers should choose M5
Pairs: any
It's not a holy grail because banks spike up and down and hit our stop losses all the time.
--------------------------------------------------------------------------------------------------------The strategy is based on Divergence in different way
So what we gonna need with this strategy two indicator
1) Zig Zag with Depth 50
2) RSI period 140
the strategy is simple and very profitable with more than 75%winratio and 1:2 risk reward ratio
Buy Setup:
1) Wait for the price to break the last bottom, the zigzag indicator make it clear
2) Next the rsi need to make a divergence (higher high) if not then we will not trade
3) after the rsi is making a divergence we wait for the price to close above the latest low then we take a trade and we put the sl and tp at the latest high
Please see the pictures to understand more this strategy
-----------------------------------------------------Sell Setup:
1) Wait for the price to break the last top, the zigzag indicator make it clear
2) Next the rsi need to make a divergence (lower low) if not then we will not trade
3) after the rsi is making a divergence we wait for the price to close below the latest high then we take a trade and we put the sl and tp at the latest low
Please see the pictures to understand more this strategy
Use the strategy with correct risk management and risk only 1% to 3% per trade
He/she said, if there's no divergence, then don't trade.
Kind of a start in that direction, had to recode the whole thing.
I love your work.
Hi Josi, please can you link me to the indicator that you are using as a price channel? Is it Keltner Channel? or something else? Thank you very much.josi wrote: ↑Sat Aug 29, 2020 4:32 pmI love your work.
As you know - I also love the change of colour on directional slope change (every indicator should have this feature!)
The bands are also helpful (although I think it is better to have only the outer band option)
At the moment, though, I can't quite see how the signal line in your new invention gives better entries than an MA, for example.
It think change of slope colouring gives the best possible entries.
If I am wrong please tell me so.
Hi Friend..!
by Banzai, Sat Jul 18, 2020 4:19 pm in MT4 Indicators
by ionone, Sun Jul 05, 2020 7:25 pm in MT4 Indicators