1 (edited by alessandromagno 2016-12-02 11:41:53)

Topic: RSI problems...which settings??

Hi Popov, hi people. I'm trying a strategy just for statistical purpose. Here is attached the strategy.

I want it to open when 3 EMAs are one above the other, and RSI is oversold. Close when RSI come down from overbought OR when the fastest EMA crosses the middle one.

Anyway i'm in trouble with RSI, wich doesn't seem like the pre-installed RSI on MT4.

Here's attached a screenshot.

https://s15.postimg.org/pi0hipjpj/Chart_GBPJPY_M1_2016_12_02_10_21_UTC_Tickmill.png

Where am I wrong? Why RSI seems different than the standard one?
Even if i try the Stochastics i gor the same problem...seems different than the standard installed.

Thank you

Post's attachments

TNT6.xml 14.96 kb, 7 downloads since 2016-12-02 

You don't have the permssions to download the attachments of this post.

Re: RSI problems...which settings??

Hello Alessandro,

We created our indicators as they were described from their authors. All indicators are open source and you cans see the codes in GtiHub. Here is the RSI code: https://github.com/PopovMP/FSB_Pro_Indi … ore/RSI.cs

When you export an Expert Advisor from FSB Pro, it includes all the necessary indicators in the same file. The exported EAs use the same formulas as FSB Pro and show the same results.

MetaQutes uses different formulas for some of their indicators. Most of them match exactly ours, but some of them has slight difference.

Speaking about RSI, it matches completely the MetaTrader formula (Our expert shows one decimal digit more):

http://s12.postimg.org/yixk46app/screenshot_2016_12_02_at_13_08_16.png


FSB Pro doesn't use the MetaTrader's integrated indicators and if there is a difference in the formulas, it doesn't deteriorate the quality of our experts.

However, if you do want to use the exact MT formulas for creating strategies, you can take a look at Expert Advisor Studio. EA Studio is specifically designed for MetaTrader's fans.

Here is an example with the Stichastics indicator. It also matches MT 100%

http://s12.postimg.org/gwpoze2m5/screenshot_2016_12_02_at_13_14_52.png

Most probably you have different parameters of the MT indicators you have on your chart. The FSB Pro indicators has more parameters shown and allow better customization. Some times it is not possible to set the MTs indicators to correspond to ours because you cannot set all params in MT.

You can very easily compare the FSB indicators with the MT's indicators by creating strategies with the default indicator parameters. We made them as near as possible to the MetaTrader's one. Very few differences exists, but as I said before, it doesn't matter and we don't care.

Re: RSI problems...which settings??

Thank you Popov for you kind answer..
I know the RSI in MT4 can differ from that installed into FSB. For this i try to make a strategy with RSI which looks the same of MT4. Maybe is only a tune to setting...can you help me in doing that?

Moreover i attach a pictures which show a very strange thing: 3 values of RSI different than each other

http://i66.tinypic.com/24endkj.png

Re: RSI problems...which settings??

You are using an older version of FSB Pro (3.5). Please update to the latest one - 3.8. It fixes some problems with the experts and indicators. However, the formulas are not changed.

Most probably you have different settings of the indicator parameters.

Edit:

You use "simple" smoothing method for RSI in your strategy.

http://s12.postimg.org/prv4nngsd/screenshot_2016_12_02_at_13_59_13.png

MetaTrader uses the "Smoothed" method and doesn't allow changing.

Re: RSI problems...which settings??

Perfect Popov, thank you again!