RSI FX KISS h1 AUDUSD AUDSGD EURUSD

RSI FX KISS h1 AUDUSD AUDSGD EURUSD

This is a an extremely simple system called: RSI FX KISS h1 (AUDUSD AUDSGD EURUSD)

instrument: FX
time-frame: h1
backtest period: August 2012 to November 2016 (Nicolas might backtest further and report results)
initial capital: 10,000
spread: 2

pairs that I have back-tested on with good results:

AUDUSD: Profit: 25% / 4 =  6.25% PA | Max DD $675 | 67% winning trades

AUDSGD: Profit: 30% / 4 = 7.5% PA| Max DD $677 | 70% winning trades (* > 2 spread will reduce profit and highly correlated with AUDUSD)

EURUSD:  Profit: 26% / 4 = 6.5% PA | Max DD $1494 | 66% winning trades

Negatives: 

  • shorts more profitable the longs (but this could be due to recent downtrends)
  • there can be long periods of small losses or limited profit

Positives:

  • no optimization
  • low drawdown
  • low consecutive losses
  • reasonable profitable

HOW IT WORKS
Buy 1 position if RSI[14] < 30 and exit if RSI[14] >= 60
Sell 1 position if RSI[14] > RSI 70 and exit if RSI[14] <= 40

 

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Nicolas • 10/17/2016 #

    Hi David, thank you for the contribution. I have tested the strategy through 200.000 bars and results are not as good before your own test period I’m sorry. As you mentioned it, specific market behaviour may have cause the good results over the last months. Anyway, I think this simple KISS trading strategy (that worked for years) may have its placed in the Library and can be a good start for any other member willing to modify and adjust it for improvements on current and future data. In my own experience, this kind of strategy may have better result on shares, intraday forex trading is a battlefield and “simple rules” often don’t fit on them because of noises we all know on these instruments ..

  2. David • 10/17/2016 #

    Thanks Nicolas. I assumed that this would be the case when back tested further. 

  3. Dimi.A • 10/17/2016 #

    Awesome mate.

  4. mora87 • 10/17/2016 #

    Hi David and Nicola, I’d like to share idea with you guys which is related to David’s Idea.
    I was thinking to build a screener that show me stocks that become oversold/overbought twice in a row. I aim on creating a criteria where the stock has a strong condition of oversold/overbought giving me a more probable change to pick price reversal as bottom and top, rather than open position at the first RSI oversold/overbought signal.
    Unfortunately, I don’t know coding this criteria “second time that is overbought or oversold” show this stock on the list. Nicolas, given what you said above about the different market’s behavior between stock market and Forex, I don’t know if this can be applicable to forex.

    I hope I was clear and thank you in advance for you time and help.

    • Nicolas • 10/17/2016 #

      Please ask for custom coding in forums instead.

avatar
Register or

Likes

avatar avatar avatar avatar
Related users ' posts
Matriciel Very nice job ! Is it possible to do the opposite because what interests me is to have the ...
IASD Thank you very much for sharing the indicators it's amazing work, The MACD is not showing ...
jacquesgermain Hello IASD it's normal , when this occurs, uncheck RSI and MFI line and click then the MAC...
Emil
4 months ago
Nicolas
4 months ago
5 main forex pairs average
5 main forex pairs average
3
Calculated instruments
MaoRai54 hi Nicolas, I've just seen this new category: "instruments". What does it mean? I'm with I...
Nicolas It's only compatible from PRT v12. With the "Calculated instruments" tool, you can know crea...
MaoRai54 many thanks. IG doesn't know when they'll release it :(
KumoNoJuzza Hi Guys. This looks very interesting but don't overnight fees kill the profit when trading o...
ThaNoizy Yes, you cannot use CFDs on IG for Weekly strats you need to use their Index Futures, they h...
KumoNoJuzza Thanks. I did not know IG had Futures. I am always missing an info or a detail. I used to th...
Nicolas
6 months ago
3 RSI
3 RSI
2
Indicators
Violet Nicolas, you calculate iRSI, but don't use it. You show RSI in the returned values, which, a...
Nicolas Yes, that's an error. RSI instruction is set by default to 14 if you don't indicate it that'...
DELBERT Bonjour , Nicolas , je voudrais installer cet indicateur sur ma PRT , version 10.3 , mais je...
Nicolas En effet, il faut à minima une version 11. La 10.3 est tellement ancienne maintenant.. Je pe...
DELBERT Bonjour , Nicolas , merci pour ta réponse , je fais un essai et je verrais . Salutations .
Khaled Thank you Nicolas! Looks like TDI (Trader Dynamic Index). Interesting to give Exit Signal as...
Nicolas ColorBetween is an instruction added last year: https://www.prorealcode.com/documentation/co...
Jiacky
1 year ago
Range Factor
Range Factor
0
Indicators
Stephane0174 Bonjour et merci pour le Screener. Je suis nouveau ici et je ne connais rien en programmati...
Nicolas Je pense que c'est le copier/coller des guillemets qui pose problème, il faudrait les retape...
smp I also have an End Of Day (EOD) cash pivot indicator for use on cash markets; this indicator...
AntoGH Bonjour peut-on backtester cela ? Et si vous l'avez fait pourriez vous nous donner le code.....
Nicolas désolé c'est un oubli de ma part, tu peux supprimer cette ligne, elle n'est plus utile dans ...
DELBERT Bonjour , Nicolas , merci pour ta réponse , je suis en effet avec PRT 10.3 , et j'ai bidouil...
supertiti https://zupimages.net/viewer.php?id=20/50/2e3v.jpg
volanirina Bonjour Je souhaite l'avoir sur l'indicateur MT4 si possible s'il vous plait. car je l'ai fa...
Nicolas ProRealCode est un site dédié à l'utilisation de la plateforme de trading ProRealTime: https...
Nicolas Merci d'ouvrir un sujet dans le forum des screeners en respectant les règles de publication ...
Pensera Bravo Nicolas ! Tu es en quelque sorte l’inventeur de Metascore…(oups je viens de lire jusqu...
Nicolas Dans un but d'investissement pure, et non spéculatif.
Nicolas Please open a topic in ProScreener forum with your query, I'll reply you there. Thank you.
manafull Thanks Nicolas, I post my question, along with the codes I am trying to convert from your in...
Nicolas I replied to your post here: https://www.prorealcode.com/topic/screener-for-rsi-and-linear-r...
Madrosat I Have not see a fully functioning automated strategy on your site?? Really have you???
juanj Hi Madrosat, why would it be on my site? I have developed it for my personal use and also to...
Madrosat ok I understood you are using prorealcode to hack the fish

Top