RSI vs Williams % R - BEST Indicator for Forex Trading?

I put RSI and Williams % R in a head to head test to see which indicator is most profitable for Forex trading.

I have used an identical trading strategy but applied Williams percent R and RSI relative strength index to see which one makes most net profit for 4 different Forex pairs.

I tested USDCAD, EURUSD, GBPUSD, USDJPY on 2 timeframes each.

I test results on the Daily Timeframe and 4 hour Timeframe.

Tests are done using Forex data from Oanda and tested using Multicharts over 13 years from 2008 - 2021.

INSTANTLY IMPROVE YOUR TRADING BY ENROLLING IN MY COURSE:

DISCLAIMER:

I am not a financial advisor and I am not offering you financial advice. I am not regulated in any way. The purpose of the content I provide is for educational purposes only.

Any information you receive is based on my own knowledge and experience in the financial markets and how you act on the information provided is your own responsibility.

I cannot be held responsible for any losses you may incur as a result of ideas taken from my content provided.

[maximosh]

Markets have a tendency to mean revert in the small hours (overnight) and trend in the active hours during market sessions.

[silentblocks]

The graphs were awesome, love visual data

[andrea_sacchelli]

Not all your videos have automatic translation into Italian. (what a shame)
I always try to follow you because your job is very well done

[justinidiot]

Notice, they correlated the USD/CAN because their markets trade with identical market hours, the other 3 markets lead/lag the US market. Run eur/gbp, and euro/franc and see how they track. I don't do 4x. I was trying to find edge in day trading.

[tamaracastleicawfitness]

What a lovely suit. 👕
As always Jarrod, I really enjoyed your charts. Great video. 👍

[janalgos]

Seems like the volume on all of your videos is quite a bit lower than other videos on YouTube

[modine]

Great stuff - I’d love to see a comparison with Stochastic?

[jamesgraham]

It would be interesting to see what the results would be like if you took a position when the oscillator moved out of oversold/overbought territory. Oscillators can stay a long time overbought or oversold before they revert.

[covingtoncreek]

I'm really enjoying your videos!

I'm trying to sort out the difference between Williams %R and his Ultimate Oscillator. Have you reviewed the Ultimate Oscillator? It's supposed to give less false signals?

It seems odd to me that he created both as they have so much overlap.

[kerryriordan]

Would be interesting to see the equity curve for Williams R on USDCAD to see how consistent it is
By the way sporadic and not sporodic
Thanks and Cheers

[emporiainvest]

I REALLY like your approach to the market! I am new to this channel and maybe I missed something but what I am "missing" is the absolute and relative drawdown information. It says a lot of the performance of a strategy and a portfolio. Is this something your considering to "add" to your excellent videos or what is your view on this? Keep up the good work !!!!

[stephenmiller]

do you provide the power language codes?

[ihatesugar]

Indicators do serve a purpose, confusion of traders.

[Erfi]

I don't believe in the concept of overbought/oversold. I think there is nothing like that.
From my poor personell expierience EUR/USD is the most difficult pair to trade.
There is a guy named VP who loves indicator based trading.
Did you ever test this kind of trading he is promoting and when yes what are your experiences.
Thank you for your eye openers. Very interesting to follow.
Thank you a lot.

[downzero]

I'm using William %R with Wyckoff