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Posted (edited)
This system seems to be good, however I've seen a lot of false signals. ¿How to avoid false signals?.

 

Trade with the daily trend & only during high-volume / market-overlap hours for the pairs you are trading. There is mention of using specific RRR for best results also. Might take some experimentation to get the hang of it.

 

Also, pay close attention to the RSI "range" and whether it may be in a transition from uptrend to downtrend and vice-versa. This might be one of the best filters for false signals.

 

I'm still learning too, so please share your experiences as well.

 

:-)

Edited by skid-z
  • 2 weeks later...
Posted
JaiBee,

 

I see the lines on the main chart but on the bottom is the regular RSI line and levels. Is this correct?

 

rightclick on the rsi line, scroll down in inputs to Indicatorwindow - make this 1 if the rsipaint ind. is the first indicator. now you should have all the lines on your rsi indicator.

  • 3 weeks later...
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