Turbo Info – Primary Indicators

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As there have been many people I have come across who have wanted to
know how to “optimize” the FAPTurbo so it will stop taking big draw
downs, trade more often, and be more profitable, now that the “Core
Trigger Variables” are displayed in the QxTurbo Scalper4 and above you
are going to be able at the least to see all of the settings you are
going to have to adjust in the effort to accomplish these goals.

Firstly, to understand what the indicator inputs do, you first have to
understand what the indicators are and what they do. The primary
indicators used by the FAP Turbo are as follows:

A M15 RSI Low Period Indicator on the Close Price
A M1 RSI High Period Indicator on the Close Price
A Fast Period M15 Moving Average on the Median Price

One thing that is rather odd about this combination is the use of an
M1 RSI at a 20 period against a M15 RSI at a 6 period. For the most
part I have found that M1 library indicators are rather useless and
unstable in the M1 Time Frame because the price data available in each
M1 bar is sparse. In general this produces erratic results. In
addition, a 30 period M1 RSI would be the same thing as a 2 Period M15
RSI. The relationship is 15 to 1 and this indicator would be far more
accurate. I am testing this relationship in the QX Turbo Extracted
Edition.

The order trigger relationship is as follows:

When the M15 RSI is less then 70 and greater than 60 and
When the M1 RSI is less than 70 and greater than 60 and
When the Ask is less than the Moving Average price plus 2 pips a Buy
Order is opened.

When the M15 RSI is greater than 36 and less than 40 and
When the M1 RSI is greater that 30 and less than 40 and
When the Bid is less than the Moving Average Price plus 2 pips a Sell
Order is opened