Result of applying RSI filter to the ADX 1-hour chart
Hello!
This is Satri, researching FX.
Today we will deliver “The result of adding an RSI filter to the ADX 1-hour chart”!
The figure below shows a selling signal example of the indicator with an RSI filter applied to GBPUSD on the 1-hour chart.
The figure below shows an example of the bundled currency free time-frame free version displayed on GBPUSD's 1-hour chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/a/c/ac030def.gif
In the above image, even though a downtrend has begun, you can see that sell signals appear relatively early.
The overview of the above indicator is that, in relation to the daily EMA trend direction, when a trend emerges with ADX and RSI is not overheated, and when the conditions of ADX, +DI, -DI, and RSI are met, signals, emails, and alerts are generated.
For Tool EA, it performs auto-trading in the trend direction.
A Tool EA is an automated trading tool where the logic is fixed and publicly available, and trades are executed accordingly.
One indicator displays five lines: a common ADX for buy/sell, +DI for buy, -DI for sell, RSI for buy, and RSI for sell.
Because it supports multi-time-frame, in the free version's initial settings, the buy sensitivity is increased, and the common ADX and +DI for buy, -DI for sell, RSI for buy are displayed on the current chart's time frame, while RSI for sell is shown on the next higher time frame.
Also, since the buy ADX criterion and the +DI for buy are set lower than the sell ADX criterion and -DI for sell, buy signals are more likely to appear.
The figure below shows the bundled currency free time-frame free version displayed on EURUSD's 30-minute chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/e/b/ebc6d268.gif
In the above image, it captures in the early stage of an uptrend.
Together with USDJPY, EURUSD, GBPUSD across 3 currencies, this package includes a total of 4 indicators or Tool EAs (if Tool EA is selected).
The figure below shows the bundled currency free time-frame free version displayed on USDCAD's 15-minute chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/e/7/e7d08f23.gif
In the above image, you can see buy signals appearing before overheating occurs while the uptrend has begun.
The below figure shows the bundled currency free time-frame free version displayed on USDJPY's 1-minute chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/5/0/50885a79.gif
From the above, you can see it can also be used on 1-minute and 5-minute short-term charts.
For USDJPY, EURUSD, GBPUSD, parameters were initialized using data optimized over the past 5 years 7 months on all 1-hour charts.
However, because of multi-time-frame support, the time frames for EMA trend, ADX, and RSI are optimized from 1-minute to daily, choosing parameters accordingly.
The figure below shows the balance curve for all three currencies. A MT4 test report for all currencies is included with the product.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/f/d/fd8ff690.gif
For 5 years 7 months of testing across 10,000 units of currency, the three-currency total resulted in 796 trades (about 12 per month), with 661 wins and 135 losses, for a win rate of 83.04%.
Net profit was 723,088 yen, the profit factor (total revenue / total loss) was 2.4, and the maximum drawdown was 19,957 yen.
The figure below is the MT4 balance graph for GBPUSD on the 1-hour chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/5/2/52fd48da.gif
The figure below is the MT4 balance graph for EURUSD on the 1-hour chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/6/1/6165ba44.gif
The figure below is the MT4 balance graph for USDJPY on the 1-hour chart.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/a/5/a5a3e03a.gif
When summing across the three currencies, the balance graph becomes more stable.
The indicators used today are as follows.
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http://fxmt4indicator.abproducts.biz/wp/?p=2960
The free version buys in multi-time-frame when ADX >= 30 and +DI >= 20, +DI > -DI, in the trend direction
buy signals, emails, and alerts, along with USDJPY 1-hour, EURUSD 1-hour, GBPUSD 1-hour across 3 currencies
are packaged with a 5-year 7-month rising setting and currency timeframe free version
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Thank you very much for reading up to here today as well.
Well then, please take care and stay well.
Technical Trade Blog Ranking
http://blog.with2.net/link.php?1711371:4591
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Issuer: Art Brain Products
FX Technical Strategy Researcher
Satri Mind
Email: infoAtmarkabproducts.biz
Blog: Life Style Indicator FX Research:http://fxmt4indicator.blog.jp/
Indicators & Tools & EA:http://fxmt4indicator.abproducts.biz/wp/
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