Multiple timeframes on the same indicator doesn't work?
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Hey guys, I'm trying to build an EA with 2 RSI indicators. The first RSI is set to the 1 hour timeframe and the other is 30 minutes timeframe. I backtested the EA on MT4 and it didn't work. Any idea how to make this work?
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@mesmerist you have to specify candle ID 1 in "more settings" field
Put a "draw arrow" block at the bottom and test it. -
@ambrogio Still doesn't work. Not sure if the following is relevant but when tested on mt4, the chart did not paint the RSI. So i added a moving average and test it again, this time the chart painted the moving average but still did not paint the RSI.
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@mesmerist if you have RSI on M30 and H1 in your condition and you backtest on M5 time frame, you cannot see the indicator on M5 chart. Is this your case?
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@ambrogio Yes, but I just realised that's not relevant, sorry about that. I just couldn't make it work. It did not execute the trades when I tested it.
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@mesmerist try to put the same condition on both blocks. Both condition RSI > 50
It's rarely found two opposite condition on M30 and H1 time frame using RSI -
@ambrogio Tried that, changed dates of test, changed RSI timeframes to M15 and H4. Still not working as long as there's 2 RSI with different timeframes.
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@mesmerist this works for me
As i said above, your conditions RSI > 50 on H1 and RSI < 30 on M30 is very restrictive
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@ambrogio You're absolutely right. I overlooked that part. Thank you so much for the help anyway.
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@mesmerist you're welcome!