I'd like to share a piece of RSX system with you. This system by default settings buys when RSX crosses up 51 and sells when crosses down 49. Nice trend following system that works well even in choppy market.
Note: Version 1.3 can run only 1 currency pair per account, while version 2 and 3 can run multiple pairs per account.
*Update: RSX Swinger v3
In v3, there are two types of crossover checking method: Bar and Point. Bar checking compares RSX value of previous bar with current bar, while Point checking compares RSX value of the previous evaluated RSX value with current RSX value. I don't know which method is better, so let's test it together.
Settings:
- RSX_Period, Buy_Level, Exit_Buy_Level, Sell_Level, and Exit_Sell_Level: Parameters of RSX indicator, enter and exit levels.
- Allow_Rule_Exit: If false, only trailing stop will close out trades. If true, the expert will close trades with exit logics and trailing stop.
- Evaluate_Interval: Interval in minutes between each evaluation. This limit the number of trades in the same candle. Example, if set to 30, then there will be no more than 1 trade in 30 minutes. If -1, expert will evaluate logics on new candle. If 0, expert will evaluate logics every ticks (not recommended). If greater than 0, expert will evaluate every specified minutes.
- TS_Trigger: Minimum distance in pips before initiate trailingstop.
- Enable_Alert: If true, you'll get notified whenver there's a new signal. If false, you won't.
Quote:
Login to below account via InterbankFX MT4 terminal to view open and closed positions.
RSX Swinger 1.3 (SL: 30 pips, TP: 20, Others: Default)
Login: 210162
Password: lg8ekre (read only password)
RSX Swinger 1.3 High-Risk/Elite Edition (SL: 100 pips, TP: 200, Others: Default)
Login: 210161
Password: w0agxoh (read only password)
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