Stochastic, RSI and EMA

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Apr 04, 2013 04:01 am

Jogi User

ارسالها: 685
تاریخ عضویت: 06/06/2011

Even though there r 3 indicators involved, this strategy is pretty simple

Indicators =

RSI (14, 70, 30)
Full Stoch (14,3,3)
100EMA (close)

Timeframe = 4 hours

Buy rule

Buy when all of the following conditions are met

When RSI crosses above 30.
When Stochastic Crosses above 20.
When candle crosses above 100 EMA.

Sell rules

Sell when all of the following conditions are met

When RSI crosses below 30.
When Stochastic crosses below 20.
When candle crosses below 100 EMA.

Exit Rules

When trend changes or when opposite signal arrives. Use trailing SL.

Apr 05, 2013 01:24 pm

Sasha User

ارسالها: 836
تاریخ عضویت: 16/05/2011

EMA is a good addition to identify trend. how about its testing and results?

Thx for sharing.

Apr 07, 2013 01:40 pm

ironical User

ارسالها: 734
تاریخ عضویت: 22/04/2011

Thx for sharing. I will try it out and share results with you guys. I will also try to make an EA of this system. If made, backtesting would be very easy.

The good or ill of a man lies within his own will. – Epictetus

Apr 08, 2013 05:57 pm

illiterate User

ارسالها: 561
تاریخ عضویت: 21/04/2011

I wonder why no one has noticed a BIG mistake in this system.

A novice will easily be making "huge" losses if he is following the above system. You r giving sell indication on 30 level of RSI and 20 Level of Stoch. Are u serious? [grin]

They must be like 80 for stoch and 70 for RSI. Am i right?

Apr 09, 2013 05:34 pm

uniquetrader User

ارسالها: 939
تاریخ عضویت: 21/04/2011

Originally posted by illiterate

I wonder why no one has noticed a BIG mistake in this system.

A novice will easily be making "huge" losses if he is following the above system. You r giving sell indication on 30 level of RSI and 20 Level of Stoch. Are u serious?" />

They must be like 80 for stoch and 70 for RSI. Am i right?

Correct. I think jogi just wrote buy rules and copied them under sell rules and then replaced "above" with "below".

Congrats.... Account - Blowing strategy is ready :D

I think post can be edited so edit it jogi before some newbie actually tries it on real account.

Stick to your rules

Apr 10, 2013 03:42 pm

Jogi User

ارسالها: 685
تاریخ عضویت: 06/06/2011

[erm] [erm] [erm] [erm]

That is correct [erm] [erm]

RSI level 70 and Stoch level 80 for sell rules.

Thankyou for pointing out [aww]

Sep 02, 2013 04:52 pm

Champ User

ارسالها: 711
تاریخ عضویت: 17/05/2011

Do we need to wait for "candle close" above 100 EMA or just "candle cross" above 100 EMA?

Usually in similar strategy, I have seen traders using candle close above or below certain level to test to check if price will move up or down.

Sep 05, 2013 05:08 pm

Jogi User

ارسالها: 685
تاریخ عضویت: 06/06/2011

Originally posted by Champ

Do we need to wait for "candle close" above 100 EMA or just "candle cross" above 100 EMA?

Usually in similar strategy, I have seen traders using candle close above or below certain level to test to check if price will move up or down.

I forgot to mention that.

You r right. It is actually candle close above 100 EMA.

Sep 14, 2013 06:09 am

uniquetrader User

ارسالها: 939
تاریخ عضویت: 21/04/2011

Do we need to wait for "candle close" above 100 EMA or just "candle cross" above 100 EMA?

Usually in similar strategy, I have seen traders using candle close above or below certain level to test to check if price will move up or down.

That is a good point. I agree with you that usually close prices are taken (not always though).

@jogi --> You have made too many mistakes while writing this strategy. I hope no one tested it as it would have produced horrible results.

Stick to your rules

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Stochastic, RSI and EMA

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