Back Testing code on stocks with 30 days RSI oversold

• 11/20/2018 at 10:42 AM #85286
  Olirussell11

  To whom it may concern

   

  I would like to back test using following parameters

  I would like to Buy when the following three paramters are meet

  • 30 day RSI is below 30
  • If a share trades 30 % above three month average volume
  • If a share is down by more than 3%

  Please If any one could help

  Regards

  Oliver

   

  

  Olirussell11

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  11/20/2018 at 11:42 AM #85300
  robertogozzi

  If a share is down by more than 3%, compared to…?

  

  robertogozzi

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  11/20/2018 at 12:11 PM #85305
  Olirussell11

  Hi Robert,

  just If the share is down 3% on any given day

   

  

  Olirussell11

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  11/20/2018 at 12:34 PM #85308
  robertogozzi

  There you go (for the Daily TF):

  c1 = volume > Average[60,0](volume) //3 months is about 60 trading days c2 = Rsi[30](close) < 30 c3 = close < (close[1] * 0.97) IF c1 AND c2 AND c3 AND not OnMarket THEN BUY 1 SHARE AT MARKET ENDIF

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  c1 = volume > Average[60,0](volume) //3 months is about 60 trading days c2 = Rsi[30](close) < 30 c3 = close < (close[1] * 0.97) IF c1 AND c2 AND c3 AND not OnMarket THEN    BUY 1 SHARE AT MARKET ENDIF

   

  

  robertogozzi

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  11/20/2018 at 12:36 PM #85310
  Olirussell11

  Thank you so much Robert!!

  

  Olirussell11

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  11/20/2018 at 12:48 PM #85312
  Olirussell11

  Hi Robert,

   

  My back test is coming up with no results but when i back test on my Reuters manually I get multiple entry points! I just would like to confirm following

  That we would buy a stock when the following 3 criteria happen

  1- Share below 30 on 30 Day RSI

  2- Volume traded is 1.3 X 3 month Average Volume on any given day

  3 – Share is down by more than 3 %

  Thank you once again for all your help!

   

   

  

  Olirussell11

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  11/20/2018 at 1:39 PM #85319
  robertogozzi

  Replace line 1 with

  c1 = volume >= (Average[60,0](volume) * 1.3) //3 months is about 60 trading days

  1	c1 = volume >= (Average[60,0](volume) * 1.3) //3 months is about 60 trading days

  but this will make it more difficult to get results!

  On what instruments are you testing it?

  

  robertogozzi

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  11/21/2018 at 1:39 AM #85370
  robertogozzi

  It works as from attached pic. Very few trades, though.

  I made a screener out of your strategy, test it on your preferred watchlist:

  c1 = volume > Average[60,0](volume) c2 = Rsi[30](close) < 30 c3 = close < (close[1] * 0.97) x = c1 AND c2 AND c3 SCREENER[x]

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  c1 = volume > Average[60,0](volume) c2 = Rsi[30](close) < 30 c3 = close < (close[1] * 0.97) x  = c1 AND c2 AND c3 SCREENER[x]

   

   

   

  

  robertogozzi

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  11/21/2018 at 8:30 AM #85377
  Olirussell11

  Hi Roberto,

   

  Thank you so much!!

   

  Ill try it today have a great day!

  

  Olirussell11

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