DAFA MTF RSI
Hello Mr. Tanaka and thanks for yours really hard work.
Is't possible to make EA based just on RSI?
This strategy is based on two RSI. Trading chart will be for example M15 with RSI period 7 and as filter there is RSI period 14 on higher TF (for example daily TF).
So, there has to be in EA settings for those two RSI. First RSI just period and levels (30,70) and second RSI timeframe, period and levels(30,70)
If RSI on Daily TF move above level 30 then on M15 we are waiting for the same. If on M15 is RSI above 30 we open SELL trade with SL&TP.
We will open another SELL trade every time when RSI goes above 30 on M15 if on daily TF is RSI still above 30.
Vice versa for LONG trades.
It could be good to make martignale in case of lose trade & maximum concurent open orders.
I could make 14years 99% BT & optimization for this EA.
Is't possible?
example for AUDUSD. It's not the best setup but the signals are correct. This is from M15 TF, there were 4 valid signals in period betwwen green lines.
View attachment 68466
Thanks a lot.
D.