RSI-EMA strategy
Currency Pair = All Majors
Indicators = RSI(21), EMA(5) and EMA(12).
Timeframe = Daily
Buy rule
When EMA 5 crosses above EMA 12 and RSI is above 50 then buy.
Sell Rule
When EMA 5 crosses below EMA 12 and RSI is below 50 then sell.
Exit Rule
Exit when opposite of above rules happen.
Here is an EA I have made using a free EA maker. This EA is based on above settings. So it will make backtesting easier if someone wants to backtest it. I have used Daily timeframe when using this EA as written in above strategy.
The good or ill of a man lies within his own will. – Epictetus
Originally posted by ironicalHere is an EA I have made using a free EA maker. This EA is based on above settings. So it will make backtesting easier if someone wants to backtest it. I have used Daily timeframe when using this EA as written in above strategy.
Thats great.
I will try it on demo and share my results with you.
Originally posted by Jogi
Originally posted by ironical
Here is an EA I have made using a free EA maker. This EA is based on above settings. So it will make backtesting easier if someone wants to backtest it. I have used Daily timeframe when using this EA as written in above strategy.
Thats great.
I will try it on demo and share my results with you.
Please share ur results asap as I think I made a mistake while making it. I have not set an SL which may cause very big losses. So if backtest results show loss then SL optimization will reduce it significantly.
The good or ill of a man lies within his own will. – Epictetus
Here is the backtest report. I have also looked at detaild report and ironical is right, there are some trades with very high loss. Largest profit trade is 50.24 and largest loss trade is -926.6
Stick to your rules
Originally posted by uniquetraderHere is the backtest report. I have also looked at detaild report and ironical is right, there are some trades with very high loss. Largest profit trade is 50.24 and largest loss trade is -926.6
It is BIG difference in max profit and max loss. Just by putting an SL, this system can perform much better.
Ironical, thx for creating EA.
I have tested using half standard lot per trade and 30 pip SL.
Very nice results. Even though it has not performed in last 1/3 part of backtest period but it has maintained the profit level and has not made any significant loss.
The good or ill of a man lies within his own will. – Epictetus
Originally posted by ironicalVery nice results. Even though it has not performed in last 1/3 part of backtest period but it has maintained the profit level and has not made any significant loss.
Yes. I think it will need optimization. Maybe addition of another indicator or most probably revision in TP and SL.
Champ, u did a great job. Your results are much better.
Have u tried other TP and SL? For example 40 pip profit and 20 pip SL or may be some other value. With slight changes we can get totally different results.
Stick to your rules
Originally posted by uniquetraderChamp, u did a great job. Your results are much better.
Have u tried other TP and SL? For example 40 pip profit and 20 pip SL or may be some other value. With slight changes we can get totally different results.
Yes I have tried other settings but I got best result with these settings. I am facing one problem though. My trades are not limiting profit or loss to specified pips and sometimes increase it. It may be the bug in programming.