GGoutham, I still don't understand the logic clearly. About RSI when is buy entry, when is sell entry.
Can you tell me how I can code the EA? I need more clear explanation.
hello, sir glad to see your reply. I'm not clear if the RSI value is below 30 BUY and the value above 70 SELL. this what I do using RMI, same procedure for RSI also but the RMI trend seems to be very smooth, up to my experience it works perfectly. I combine your GoodArrowInidicator, RMI and support & resistance to place orders. I tried it, working perfect if can make an EA for this setup that would be very thankful, I'm glad to do the donation.
I myself trying to create an EA using this setup but I don't know how to store the RMI value in a datatype like we store the RSI value as " double RSIvalue = iRSI(...); " as I said I'll upload the RMI mql file kind update how to do that. kindly make an EA for this setup, it works good in M15 & M30 and perfect in H1. kindly do all the testing need....
BUY CONDITION:
STEP 1: RMI VALUE BELOW 30
STEP 2: WAIT FOR UP ARROW (FROM GOODARROWINDICATOR)
STEP3: PLACE BUY ORDER ( TAKE PROFIT 10PIPS)
SELL CONDITION:
STEP 1: RMI VALUE ABOVE 70
STEP 2: WAIT FOR DOWN ARROW (FROM GOODARROWINDICATOR)
STEP3: PLACE SELL ORDER ( TAKE PROFIT 10PIPS)
NOTE: if you can add trailing stop that is an added advantage and there will be no losses.
how to do donation ? if you please make this EA i'll be the first to do donation..