JO
Information
Username: | johnreece1975 |
Member since: | 12 Aug 2020 |
Last login: | 12 Aug 2020 |
Status: | Active |
Activity
Where | Created | Comments |
---|---|---|
Algorithms | 0 | 1 |
Forum Topics | 0 | 0 |
Jobs | 1 | 0 |
Username: | johnreece1975 |
Member since: | 12 Aug 2020 |
Last login: | 12 Aug 2020 |
Status: | Active |
Where | Created | Comments |
---|---|---|
Algorithms | 0 | 1 |
Forum Topics | 0 | 0 |
Jobs | 1 | 0 |
I have bought the Hamster Scalping program and are having a reasonable success with it (so far...LOL)
However, I am keen to see exactly HOW it generates its trades.
I know it is a combination of RSI (7, 70, 30) and 2 sets of ATRs
I can understand that a trade can be initiated when the RSI goes above RSI 70 or below the RSI 30.
But there are more trades being generated...Obviously by the Period Indicator 2 and Period Indicator 3
The first question I have is: I have no problem using a blackbox EA , but I would like to be able to predict (from looking at the Input Parameters separately) WHEN they will trigger a trade and WHY. And how do the Period Indicator 2 and Period Indicator 3 actually work?
The second question I would like to ask is: I am using the 5 minute chart. As soon as the first trade is triggered it then opens a new trade every minute that it is above (or below) the RSI triggers, until either the RSI drops below the 70 (or rises above 30) OR it hits the maximum number of trades which we have set to 8. Yet I can't see the instruction for it to do that in the Input Parameters. How are the trades AFTER the initial trade being generated?
If you could help me, I would REALLY appreciate it