Hi,
I came across one thread in this forum wherein one member had posted his system which he was using in the forex market :
Buy when RSI crosses above 50 and Sell when RSI crosses below 50.
Supposedly a very simple system but when I checked it manually on Bank Nifty Futures chart, it gave quite good results. I changed the same a little bit as follows :
Buy when RSI crosses above 45 and Sell when RSI crosses below 55.
I also checked it with the NICK MA Swing AFL and found that the signals from this RSI system were received a little earlier than that received from NICK MA Swing.
I wanted to back test this system to check if it is really profitable. And hence, would like to request the seniors / experts in AmiBroker to create an ALF for the same.
I intend to use this system for swing trading with 30 minute / 60 minute / Daily Time Frame. Using it with 15 minute Time frame also seems to be giving good results.
In addition to the AFL, I would also request the seniors / experts (i) to provide their feedback on this system and (ii) if there is any way the same can be improved upon by adding any other indicator(s).
Thanks.
Regards,
Pankaj:lol:
I came across one thread in this forum wherein one member had posted his system which he was using in the forex market :
Buy when RSI crosses above 50 and Sell when RSI crosses below 50.
Supposedly a very simple system but when I checked it manually on Bank Nifty Futures chart, it gave quite good results. I changed the same a little bit as follows :
Buy when RSI crosses above 45 and Sell when RSI crosses below 55.
I also checked it with the NICK MA Swing AFL and found that the signals from this RSI system were received a little earlier than that received from NICK MA Swing.
I wanted to back test this system to check if it is really profitable. And hence, would like to request the seniors / experts in AmiBroker to create an ALF for the same.
I intend to use this system for swing trading with 30 minute / 60 minute / Daily Time Frame. Using it with 15 minute Time frame also seems to be giving good results.
In addition to the AFL, I would also request the seniors / experts (i) to provide their feedback on this system and (ii) if there is any way the same can be improved upon by adding any other indicator(s).
Thanks.
Regards,
Pankaj:lol: