*** ATR --------------------------------- RSI ***
MQLuxe B1 is a special MT5 Robot that is a fully automated trading system that doesn't require any special skills from you. Just fire up this EA and rest. You don't need to set up anything, EA will do everything for you. EA is adapted to work on small deposits.
Combining the Average True Range (ATR) indicator with the Relative Strength Index (RSI) can create a robust trading strategy in the Forex market. This combination can help you identify potential trend reversals or confirm existing trends. Here's a basic strategy that combines these two indicators:
Indicators:
Average True Range (ATR) : This indicator measures market volatility. It tells you how much an asset typically moves within a given time frame.
Relative Strength Index (RSI) : This oscillator measures the speed and change of price movements. It oscillates between 0 and 100, with values above 70 indicating overbought conditions and values below 30 indicating oversold conditions.
Strategy: The strategy involves identifying potential trend reversals or trend confirmation by using both the ATR and RSI indicators.
Trend Confirmation:
- When the ATR is rising, it suggests an increase in volatility, which can be an indicator of a strengthening trend.
- Use the RSI to confirm the trend direction. For an uptrend, the RSI should be above 50, and for a downtrend, the RSI should be below 50.
- Enter a trade in the direction of the trend when both conditions are met.
Trend Reversal:
- Look for a high ATR value, indicating a spike in volatility.
- Check the RSI for overbought (RSI > 70) or oversold (RSI < 30) conditions.
- If the ATR is high and the RSI is overbought, consider entering a short position (betting on a potential reversal from overbought).
- If the ATR is high and the RSI is oversold, consider entering a long position (betting on a potential reversal from oversold).
Exit Strategies:
- Use a trailing stop or a fixed stop-loss to manage risk and protect your capital.
- Consider taking profits when the ATR starts to decline, indicating reduced volatility, or when the RSI signals potential overbought/oversold conditions in the opposite direction.
Risk Management:
- Proper risk management is crucial. Only risk a small percentage of your trading capital on each trade.
- Adjust the position size based on the distance between your entry point and stop-loss level, taking into account the ATR.
Remember that no strategy is foolproof, and you should backtest and demo trade this strategy extensively before using it with real money. Additionally, keep an eye on fundamental and news events that can impact the Forex market, as these can override technical signals.
Set up an adviser according to the instructions !!!
Important information :
- please read this pages and see the youtube videos.
- For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)
- Install a trading advisor on a VPS
Recommended pairs for trading EURUSD
Recommended Timeframe H1
Recommended SafetyLevel : 10
Input Parameters
- Safety level : 1-10
This part is so important because less Safety Level equal more Profit with more risk
This part is so important because more Safety Level equal less Profit with less risk
This parameters is important and you can see the results in this pages test's Pictures. I test in two time frame M5, H1 and tree safety level 1, 5, 10
PROFITABILITY AND RISK
-Optimization result of 01.01.2023 - 07.10.2023
- The expected estimated profitability according to the last 10 month in EURUSD backtest data is about 1000%
Results of optimization in 1H Time frame:
Pass Result Profit Expected Payoff Profit Factor Recovery Factor Sharpe
RatioCustom
EquityDD % Trades fast slow rsi Buy_lot stop loss pips
BUYprof_p Sell_lot stop loss pips SELLprof_p 6239 1330.25 1230.25 9.39122 2.21866 5.73811 3.05124 0 29.59 131 200.2 165.2 6.8 0.031 165 395 0.099 470 455 5831 1304.74 1204.74 15.24987 2.65400 5.53725 3.98529 0 32.56 79 37 122 9.2 0.099 155 400 0.099 465 430 6225 1299.66 1199.66 11.99660 2.42984 4.97021 4.74644 0 38.55 100 37 122 7.6 0.06 160 380 0.1 475 415 6395 1299.24 1199.24 13.17846 2.40799 6.52328 3.17843 0 32.93 91 37 122 8.4 0.099 155 400 0.1 480 415 6194 1297.76 1197.76 11.97760 2.18393 4.99921 4.91469 0 34.11 100 37 122 7.6 0.099 155 465 0.09 485 425 5553 1257.73 1157.73 13.94855 2.37258 5.85037 3.67421 0 14.63 83 139 122 7.6 0.097 205 455 0.09 465 400 6398 1127.06 1027.06 12.22691 2.17911 7.96171 3.73152 0 11.47 84 84.6 78.8 7.6 0.099 155 465 0.098 470 375
Set up an adviser according to the instructions !!!
Important information!For the first month, trade on a demo account or a cent account (to choose the best trading conditions for yourself)Install a trading advisor on a VPS
Forex/CFD trding carries a high level of risk and is not suitable for everyone.You may lose some or all of your principal if market conditions change unfavorably.you should only invest money that you can afford to lose, which means that losing it will not affect your basic needs or obligations.
