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ShukAzriy

FTRS BOLT PRO

ShukAzriy Updated   
Oscillators Relative Strength Index (RSI) Trend Analysis momentumtrading ftrsbolt
6
7
oscillator relativestrengthindex trendanalysis momentumtrading ftrsbolt
  • The script uses RSI as major trend identification and supported by RSI divergence for take profit, and also counter trend in certain cases.
  • Uses EMA 200 for major trend identification to filter false signals, Average Volume as confirmation and faster signal detection to the change of trend.
  • The indicator detects immediate change of trend and immediately opens position for the major trend.
  • User can enjoy the RSI with labels of divergence to do manual judgement.
  • Existing risk to reward ratio based on amount of money instead of ticks count. The currency is depending on the chart's trading currency.
  • This strategy mainly built for FCPO and its for 1 min settings only. User can toggle the sessions as per users preferences
  • The default risk to reward ratio is 1:1.5. However, there is a risk management using RSI levels to



Release Notes:
  • Updated Buy and Sell signal labels.
  • Updated custom time session to enable user select their dedicated trading time
Release Notes:
  • Updated latest version to version 5
  • Enable type of signal label and tick box to allow back testing easier
  • Added new signal condition!
  • Enjoy!
Release Notes:
Adjusting glitch of not closing the position for Open Long ATR position
Release Notes:
  • This strategy created to help trader who have problem in managing their risk, I hope this will benefit more FCPO traders in the future

    Update as per below :-
    Omitted ATR Conditions and added new modified stochastic long and short conditions
  • Currently the strategy have 3 Long and 3 Short conditions. Momentum conditions (RSI based), Divergence conditions (RSI based and reversal) & Stochastic Condition (for short term scalping)
  • Visually clean to see Long and Short signals and let the conditions do the work in the background
  • On default, the risk is in value based (MYR) & user may customize settings below to change into tick/bids based.
  • Personally I only took trades in the evening as morning session is too short to be traded
  • The strategy is directed and non repaint. This is definitely not a scam.
  • Trust the process and manage your risk well. Good luck!
Release Notes:
  • Eliminate false signal when RSI reaches extreme level and weakness level
Release Notes:
  • Updated, enable trail stop for risk management using ticks instead of amount. Need to tick the box and un-tick the risk management using value.
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