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EMail sent 18 April 2017
New Hedging EA created
Hi
The RSI Trendline TRADER
A big thank you to all testers who last week optimised and back tested the RSI Trendline TRADER Upgrade. A finalised summary of results will be available in the password protected forum (testers only) in a few hours
The testing of the RSI Trendline TRADER upgrade has brought some great information. It will be incorporated in the next upgrade. Thanks again for testers for this. Active testers who have posted their results will receive upgrade (when done) for own use in the future.
THE NEXT UPGRADE WILL BE AVAILABLE IN THE NEXT FEW DAYS – watch your emails.
Test results
The one principle that was tested is whether profitability would be good when a Hedge (Buy and Sell at the same time) was entered when a RSI signal was produced. This was found to be the case.
There was one of the sad discovery. The RSI entry signals, although being good ones for Forex trading, was not the main or only cause of gains. The combination of stops, targets, 3 special following stops and break even stops played a bigger role.
The RSI Trendline entry signals are often produced in big open trade numbers, especially when traded on the 15 minute timeframe which was also the most profitable.
NEW EA
So we created a new EA which would have a restricted number of hedged entries every day (1) and would only enter hedged trades. Every setting in this EA has a range limited to the most profitable general settings found. In intensive testing in the last few days it was found that this EA produces profitable results using the restricted settings for any currency, any timeframe, any market conditions and any settings.
In intensive testing in the last few days it was found that this EA produces profitable results using the restricted settings for any currency, any timeframe, any market conditions and any settings (previous sentence repeated on purpose).The restricted setting still produce millions of alternatives to choose from.
This EA does not use the RSI Trendline entry signal so is not related to the RSI Trendline TRADER at all. Both however will contain the same hedging ability and transaction management ability.
FULLY GUARANTEED: We are so confident that we will be making this set and forget EA available on a full money back guarantee. Yes, you can trade any currency, setting and timeframe and if not profitable after month we will give a full refund.
For more information about this EA please visit this link.
Kind Regards