*FYI - I found this strategy on profitf.com website, which you might want to investigate and see if if works for you in your trading.That is website which you can read all about and copy above strategy. I have 15 minute chart here related to not being able to put 1 minute chart on too. Here is quick rules to this strategy to understand:
ON YOUR CHARTS THIS IS ALL YOU NEED TO HAVE- 1)RSI 4 (change from default of 14), put at 75/25 (default is 70/30) 2) Stochastic change to (5,3,3, low/highs) and keep at 80/20
On 15 minute chart (which is alert of signal for trade) & 1 minute chart (is entry or signal to start trade)
RULES: FOR CALL On 15 minute chart * When RSI goes below 25 & then back above 25 again *When Stoch goes below 20 then above 20 again then check On 1 minute chart (quickly) * If RSI is above 25 & Stoch is above 20 THEN CONSIDER ENTRY INTO A CALL TRADE FOR 10 MINUTES TO 15 MINUTES (BETTER)
RULES: FOR PUT On 15 minute chart *When RSI goes above 75 & then back below 75 again * When Stoch goes above 80 then below 80 again then check On 1 minute chart *(quickly) * if RSI is below 75 & Stoch is below 80 THEN CONSIDER ENTRY INTO A PUT TRADE FOR 10 MINUTES TO 15 MINUTES (BETTER)
NOTED: On EURUSD 15 minute chart are GREEN LINES (call signals) & RED LINES (put signals), which would have alerted you to go to 1 minute chart & see if RULES WERE MET TO ENTER INTO A NEW 10 MN TO 15 MN TRADE. You are the only only to understand your trading personality- if you want to trade shorter or longer then 15 mn, then this strategy is not for you. If you want quality trades for money management then please practice this one.
Komen
BruceBeuzard
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Will this strategy work for forex
lawson247work
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Hey Anbat,
Is there a way to set the alerts on trading view on the 15 minute charts to let you know when it has hit the relevant parameters?
Regards,
Anbat
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Not sure if what you can do, you need to pay for upgrade or free version. You should investigate on right of CHART alert buttons (which can be set up). Good luck
lawson247work
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Okay, thank you...will have a look.
dilong
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hai Anbat, can i get permission to try indicator 10 min to 15 min (works best) RSI Stoch Strategy
claysee
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U Are Great Person
Such A Nice Technic
azizgokbas
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Give Me Script Please
mcommorato
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How can I copy this code?
raypaolonotarte
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Lastly this Dual Time Frame Analysis / Strategy is working and also good if it also flows with what we call 'Timing'.