Winning Mean Reversion RSI Trading Strategy for Forex

[@GESEPPI19]

Great to see how you use indicators with a little tweak. And of course the proof of the equity curve is always appreciated.

[@johnwoolcock9980]

Another great presentation. I bought the training program and it has really opened my eyes to the small errors, I had been making. Forget the "I made $6000 in 30 seconds" stuff, this is far superior and easier, using readily available indicators available on any platform.

[@nich586]

Excellent stuff. I've been using a mean reversion technique (RSI 10 is my default) on energy and precious metals leveraged ETF's here in Canada. I get more opportunities than enough. Love the cuffs - I wear them myself.

[@TheTransparentTrader]

Thanks!

[@davidmadle7563]

Thanks for sharing

[@1234123419]

Love your way and knowledge, thank you, will try it on Nifty india. Keep doing great. Thank you ❤️👍

[@davemakesmagic]

Love your videos, Jarrod. I would definitely love and appreciate a video explaining how walk-forward analysis works and why it's more accurate than regular backtesting. Thanks!!

[@xlerosbifx]

Check out the Darwinex playlist by Martyn Tinsley on this! Covers in-sample and out-of-sample testing really well

[@davemakesmagic]

Forgive my ignorance. Is "walk-forward" different from "out-of-sample" testing?

[@TheTransparentTrader]

@@davemakesmagic Yes there are some differences. Walk forward analysis creates a back test report made completely from out of sample results. Look out for a video on it from me in the next couple of videos.

[@GB-kl2pd]

Hello. Very informative video! I never really looked at the RSI but this has made me a believer. I trade the hourly chart and just curious if this strategy could be applied on that time frame? Best regards.

[@bassramy]

Thanks Jarrod, creativeuse of the RSI . Maybe a Walk Forward and a Monte Carlo Analysis videos are in order now since you begin to introduce these in your videos without explaining the basics, these more advanced tests can reveal a whole set of biases in normal backtesting even with the out of sample data being used . Thank you for your hard work .

[@Dx_Ach]

I would love to see a guide on walk forward analysis. Theres a lot of trading scripts out there, especially on trading view, It would be nice to try and optimize them via that method and see if any perform over the course of 3-4 months.

[@TheTransparentTrader]

Ok, I will prepare video on walk forward analysis.

[@SuddenStorm982]

Thanks. I was wondering how the MFI vs the RSI would do with the same currency. I have found that when both are overbought or oversold on certain currencies, you can obtain good results

[@T90sGamer]

Thankyou very much for this

[@Lucas-vj8rr]

RSI2 is the best i tried them all;-) i use the daily

[@ketan7421]

Hello mate, does this work on Stocks and crypto currency?

[@Keke-xp1ee]

What is the leverage you have used here?

[@T90sGamer]

I am trying equity day trade. I guess this rsi strategy should work well for day trade as well. What you think ?

[@AG-yc8kl]

Would love a more in depth video on walk forward analyses

[@TheTransparentTrader]

Ok, thanks for letting me know.

[@TraderZer0]

Can it work on day trade? 15m or 1h?

[@hbarnr.1737]

Hi there, thanks for your video. Is Multicharts running fine on Apple? Did you install windows for that? Many thanks and best wishes!

[@TheTransparentTrader]

Yes I run Windows using VirtualBox. Works great.

[@mquant001]

Hi, what params are automatically optimized for every walk forward and what params are you keeping fixed from the first optimization you made?

[@ArisCandelario]

Thanks for all Jarrod, I need you to answer about what would be the minimum amount of money to trade forex?

[@TheTransparentTrader]

With the types of strategy I use I always suggest a minimum of about $2000

[@ArisCandelario]

@@TheTransparentTrader ok thank you very much for answering, I hope to take your course soon

[@johnwoolcock9980]

@@ArisCandelario The course was "game changing" for me. Highly recommend it and No, I'm not paid to say this.

[@ArisCandelario]

@@johnwoolcock9980 thanks

[@eroskaeroska6921]

There are many times when the RSI falls a bit short of the 25 and 75 levels and we lose a potential trade. What about greed? Do you have any strategy for small deposits in your arsenal (50-100 dollars, for example)?

[@imnokasparov]

Do you ever use options with your strategies? I would think that by using options you could avoid being prematurely stopped out of a trade.

[@TheTransparentTrader]

Hi Ed, yes that could work. But no, I don't use options myself.

[@georgewatson1203]

it would be better if you added the 50 moving average the r s i

[@edwardfernandez2475]

We wish it is that easy..