Tuesday, May 24, 2011

Use Optimized RSI Periods

As Super RSI is based on an indicator, all brokers will give different readings because they are all different market and different gases midnights.

Over time it will be swings and roundabouts, some win another one month and win some other months - The basic premise of the system is sound, no matter what you use a broker will make money.

The basic principle of RSI expert's slingshot to trend - a classic trading method that is successful for decades and is the backbone of my trading style (albeit in different guise) for years.

I understand the desire to eek every additional pip you can but in the pursuit of making more geese lay golden eggs can lose the plot. Soon we will be testing 3 minutes after midnight and testing of various days and hours of the day. Leave it alone, when the job is done should not keep guilding the lily. Sometimes you have to realize that you have what
you wanted and not have to keep working on it.

Authors Comments: I could not have said it better. The only area that deserves and is receiving additional attention is the stop mechanism, but the basic trigger signal is about as solid as it gets.

More fragments Author:
1) To preserve the parabolic stop the same behavior as in the previous version, set "UseConservativeParabolicStop" = true and others false.

2) If not using a broker IBFX as then, the RSI values ​​that are stored in a pair of individual settings such as OptimumRSI_AUDJPY = 7; etc. You may need to be optimized for your broker. RSI values ​​you see now in these institutions were originally optimized for each pair with IBFX data. Remember to that if "UseOptimizedRSIPeriods" is set to false, then the value of setting Default_RSI_Period used.

3) There are only 19 currency pairs available with IBFX, so those who they are I was able to optimize. It is easy to perform optimization if you have additional pairs for your broker. Just set the "Use Optimized RSI Periods" false, then optimize "Default_RSI_Period" value for a given pair, usually based on a number of 3 - 8.

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