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Description
Better version of RSI indicator which offer a complete visual trading strategy and realize an auto-optimization
Support: We create great tools for the entire trading community. Most of them are free.
If you believe in what we do Support Us Here.
KEY LINKS: How to Install – Frequent Questions – All Products
How is this indicator useful?
- NEVER repaints.
- Detect best parameters of RSI indicator, based on profit factor during the specified period.
- This indicator can be used as a visual strategy, following the recommendations of entry, stop, and targets.
Indicator features
- It can be used as a complete trading strategy.
- Complete trading statistics to evaluate the indicator performance.
- It shows exact exit points.
- It shows the real profit expectancy through its profit factor, risk/reward, and successful ratio indicators.
- The indicator doesn´t repaint.
- It works in all symbols.
- Integrated alerts.
- It can integrate with any robot or expert adviser.
- The Indicator auto-optimize the parameters.
Note 1: This indicator should only be considered as a part of any trading strategy. You should complement this with other filters (e.g trend, volatility, time, etc). Note 2: This indicator is meant to serve as a guide to apply in your intraday trading. Overtime, this will help you understand the baseline for a solid and consistent trading strategy.
Display Metrics
All the following metrics are calculated based on selected Money Management strategies and don´t consider account commissions, spreads, swaps, or any other transactional cost:
- Number of Trades.
- Win/Loss.
- Points earned in closed winning operations
- Points lost in closed losing operations
- Net Points: Points earned minus points lost
- Success Ratio: Percentage of winning operations
- Profit Ratio: Points earned / Points lost
- Reward/Risk: Average points earned / Average points lost
- Optimization Parameters: Parameter which generate the biggest Profit Factor.
Support and questions:
Use our discord server if you have any question or need support.
About Author:
Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.
