Metropolis (Just an idea)
Hello guys,
I needed to share an idea with you to find some oppininons onto it and maybe somebody tried it and can help me out.
I'd like to create it as a template and an EA (that I will of course) but now the job is merely an idea. The indiors it can use in the beginning will be RSI, Stochastics, ADX, MACD and after that I think I will put Fibonacci Retracement and Fibonacci Extension plus a few trendline rules. For now I've thought to test it on 1 hour and 4 hour charts.
I.Here is your notion of this template for long positions (all indiors use the default settings):
1. RSI
*** If RSI is over 50 and bellow 70 (to prevent entering in pullback)
*** When each of the previous two changes of the RSI are lower then the next in line. I imply that RSI is some thing like 50.10, 50.60, 51,20.
2. Stochastic
*** When Stochastic(primary ) is over 30 and bellow 70 (again to evade possible pullback at extreme amounts )
*** When each of the preceding 2 shifts of the Stochastic are lower then the next in line. I imply that Stochastic is some thing like 41.40, 44,50, 48,20.
*** When Stochastic(primary ) is higher than Stochastic(signal)
3. ADX
*** When ADX is over 20
*** When DI is over DI-
4. MACD
*** When MACD(primary ) and MACD(signal) are equally over 0.00
II.Here is your concept of this template for short positions (all indiors use the default configurations ). It is precisely the opposite of this egy for extended orders:
1. RSI
*** If RSI is bellow 50 and over 30 (to prevent entering in pullback)
*** When each of the preceding 2 changes of the RSI are greater then the next in line. I imply that RSI is some thing like 40.10, 39.60, 371.0.
2. Stochastic
*** When Stochastic(primary ) is over 30 and bellow 70 (again to evade possible pullback at extreme amounts )
*** When each of the preceding 2 shifts of the Stochastic are greater then the next in line. I imply that Stochastic is some thing like 66.40, 64,50, 58,20.
*** When Stochastic(primary ) is lesser than Stochastic(signal)
3. ADX
*** When ADX is over 20
*** When DI- is over DI
4. MACD
*** When MACD(primary ) and MACD(signal) are equally bellow 0.00
Any comments will be very practical https://forexintuitive.com/attachments/1527204586.jpg Happy trading.
https://forexintuitive.com/attachmen...1097489805.jpg
https://forexintuitive.com/attachmen...1749547449.tpl
