This Forex YouTube video produced no less than 64 000 hits showing the the DIAD top up technique being used with automated RSI Envelope entry techniques.
The Double in a Day EA
One of the weaknesses of the DIAD EA Forex trading Tool is that it requires the trader to find Double in a Day entries. Only then does the trader activate the Double in a Day EA.
The Happy EA
An EA have been developed that automates DIAD entries. It uses 4 versions of the RSI Envelope trading entries techniques. The video shows this EA in action. The EA still needs some development but shows great promise. Results currently are good at times but the EA is not robust in the long run.
When using Envelope and RSI signals at the same time the chances of success are greatly increased. The RSI is a momentum Forex Tool and the Envelope indicator is a dynamic Support and Resistance tool. So the combination works quite well. They provide great Forex trading filters to each other. The success rate is quite high even when not used in conjunction with the Double in a Day top-up technique.
Watch this Forex YouTube video carefully. It is important to realise that these RSI Envelope entry techniques are NOT currently included in the Double In A Day EA. They are unlikely to be in the future.
The Happy EA trades continuously on a set and forget basis. It enters BUY Double in a Day trades when the RSI is oversold and the price is touching the lower envelope at the same time. It enters SELL trades when the RSI is overbought and the price is touching the upper envelope at the same time. Nice and simple.
For more details about this EA please use this link:-
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