RSX Swinger

[FXiGoR]

Looking forward to the v3 version...

Keep up the good work and a happy new year

[Maxwells]

Originally Posted by scorpion

Finished coding. The change is a giant leap, so I think the new expert should be v3 instead of v2.1. I will be releasing the v3 after it's stable enough.

New features:

• Groundbreaking crossover checking method to combat whipsaws.
• Enable/disable exit rules. When disabled, only trailing stop closes trades.
• Trailing stop triger level added.
• Enable/disable trade alerts.
• Comment in trade records.

So far so good, looking foward.

Maxwells

[chievo11]

Can somebody explain how the exit strategy works:

1-Trailing Stop
2-ATR and
3-Half Volatility ?

[scorpion]

For buy order, when price rises:

1. Fixed pips: SL is kept at a fixed pips from bid price.
2. ATR: SL is moved according to current Low price - (ATR14 * Factor)
3. Half Volatility: SL is moved according to current Low - (High + Low)*Factor


For sell order, when price falls:

1. Fixed pips: SL is kept at a fixed pips from ask price.
2. ATR: SL is moved accordingly to current High + (ATR14 * Factor)
3. Half Volatility: SL is moved accordingly to current High + (High + Low)*Factor

Note:
* Factor: Dynamic Factor
* SL: Stop Loss
* ATR: Average True Range indicator, built-in MetaTrader.
* ATR14: ATR of 14 bars period.

[chievo11]

I am running v2 standard ( 1) but SL is moving...?? Have read whole thread, this is clear now...

What is the effect of taking exit 2 or 3 ?
Can you explain it with screenshot perhaps ?

[Juher]

Hi Scorpion!

Hey look at this screenshot of this trade that triggered at 1.1849 . The RSX did not go anywhere past the 50 Line and I double checked the setting and it is
51. As you can see it is V1.

What do you think it is going on?

Juher

[scorpion]

Looks like you use RSX period = 14. Change the period of rsx indicator to 10.

[Juher]

Thanks a lot..that was it. I thought I had changed it

Juher

[mebj51]

Hi Everybody
Just want to wish everyone here a SAFE AND !!! HAPPY NEW YEAR !!!


I am sure we all are eagerly awaiting the release of version 3

[scorpion]

Hey there!

RSX Swinger v3 is now available. Download them from the first post.

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 previously 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.

Questions?