RSI ADX EMA Strategy
Parameters:
RSI: period 3; Signal Level: below 20 or over 80
ADX: period 5; Signal Level: above 30
EMA: 50
Buy Signal: Price over EMA; RSI below 20 and ADX over 30
Sell Signal: Price below EMA; RSI over 80 and ADX over 30
Sell/buy if the the candle who follows the signal candle make an outbreak over the signal candle.
Risk Reward Ratio: Standard: 1:3 until 1:5; combination of Take Profits with break even or Trailing stop loss
Stopp loss is seted under the last swing low /high. (Would be nice if this function coult be added to new Version of EA (Williams fractal))
Timeframe? Probably 15min?
I have this Idea from the youtbe channel "secret mindset" ("scalping trading was impossible until I found how to combine EMA RSI ADX)
Thank you!
Dear All resp. Andrey Khatimlianski:
I struggle creating the strategy with EA as follows:
1.) EA is buying at falling MA and selling at rising EA despite adjustment:
"Buy on rising MA / sell on falling MA" and Angle value of 20 (neutral collective buy signal)
2.) ADX should only give collective neutral buy signal >=30 but gives this also below.
3.) I had also issues with RSI until I was changing from oscillator #2 to oscillator #3 with exactly the same settings.
Below examples of what I mentioned:
I think you don't understand what "collective neutral signal" is. And you don't need it.
Use a "collective signal".