Qx M15 RSI Scalper Beta – Clarification

[quant...@gmail.com]

I think I might have mixed up some of the features that I said were
going to be in the Beta edition but actually are not. So, this is a
clarification of what is actually going on. There are two different
editions of the Qx RSI Expert, one is the Beta edition and the other
is the Full Blown edition. The Beta edition is basically a replica of
the FAP entry coding with some minor adjustments. The full blown
edition which will be called the Qx M30 RSI Ultra is something
entirely different. About the only thing this expert will have in
common with the FAP is the RSI indicator and even that part of the
strategy is under question at the moment and will probably be replaced
because it is too slow. Full details of the Qx M30 RSI Ultra will be
revealed when it is ready for trading.

The main difference between the RSI Scalper Beta and the FAP at this
point is that the RSI entry trigger parameters have been simplified.
The Take Profit is externalized and set at 20 pips instead of 15 pips.
The Stop Loss is still deep at 100 pips vs. 112 pips for the FAP. Not
all of the order entry filters used by the FAP are coded into the
program and it is set up to test with no trade timer restrictions. It
should be noted also, that the Qx RSI Scalper has only been optimized
for the EURO. A final edition or editions – if there are any – will
have to be optimized to any other currency it will be traded on. Since
all of the trigger variables have been exposed this is something you
can do yourself if you like this edition.