Entry price ATR
RSI-R2 comes under the category of dip-buyers. Most dipbuyers that I have seen works best with no stops at all - correct me if I'm wrong, but the original that this strategy is based on the EA does not have one either. This causes a intratrade withdrawal which, unfortunately, characteristic of the dip-buying.
So, the best strategy may be simply to have a fixed stop disaster prevention which rarely gets hit, the 500 or so pips from entry price, or several ATR.
I think it is best to concentrate on tuning the input. Since this is an overbought-oversold trigger, how about using more than an overbought / oversold indicators such as Stochastic unsmoothed (2) (my tests show that this does not reduce utilization) or simply% change in prison?
This template was put together by Anica & Mario Slavinec. He will give you what you want. Put in rsi2_v2.tpl R2_Arrows_v2.mq4 patterns and indicators. Hope this
21/04/2007: Dawn of Super RSI "
I made some significant improvements in RSI-R2 ver. 1.3 to further increase the probability of winning outcome. I added a few new EA property settings as well.
Monday, May 23, 2011
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