I covered the time above or below 50% filter, did you listen to
the video closely? I stated that one should probably set a
variable for the time the RSI has been above 50% in order to take
longs and below in order to take shorts, however I didn't give you
a number like 4 days or 6 days, that can't really be determined
without running some tests/history, I'd say minimum though would
probably be at least 4 days but preferably longer.
As I said, this isn't a refined system, there's no exit, you
have to determine that on your own, think of this as a useful tool
and a starter perhaps that could be built into system. I will
probably try to build a system on this method when I have some
time,
in the meantime I was simply sharing with you my
observations
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Matt, why you did not
Simple system using the 50% level on a 14 Length RSI
Posted by cuqui69 on 1st of Oct 2014 at 08:12 am
Matt, why you did not take the trigger 4 days before? The candle was 50% greater than the previous day!
I covered the time above
Posted by matt on 1st of Oct 2014 at 09:37 am
I covered the time above or below 50% filter, did you listen to the video closely? I stated that one should probably set a variable for the time the RSI has been above 50% in order to take longs and below in order to take shorts, however I didn't give you a number like 4 days or 6 days, that can't really be determined without running some tests/history, I'd say minimum though would probably be at least 4 days but preferably longer.
As I said, this isn't a refined system, there's no exit, you have to determine that on your own, think of this as a useful tool and a starter perhaps that could be built into system. I will probably try to build a system on this method when I have some time, in the meantime I was simply sharing with you my observations