Hi guys,
I am trying to figure out how to set up with the following conditions:
Enter Long position:
If the RSI crosses under 30 and while the RSI is below 70 and MA9 CROSSES OVER MA21. I have tried with an IF condition with the RSI and if that triggers I want to have the MA9 crosses over the MA21 and only then I want to go long.
Is it possible to have a system like that and if so Could you please help me with that?
Thanks,
There you go:
Defparam CumulateOrders = false
Once CondL = 0
Once RsiCross = 0
MyRsi = Rsi[14](close)
Ob = 70
Os = 100 - Ob
Sma9 = average[9,0](close)
Sma21 = average[21,0](close)
If OnMarket or (MyRsi >= Ob) then
CondL = 0
RsiCross = 0
Endif
If MyRsi crosses under Os then
RsiCross = 1
Endif
CondL = RsiCross and Sma9 crosses over Sma21
If CondL and not OnMarket Then
Buy 1 contract at Market
Endif
you only need to add SL & TP.
Hi Robertogozzi,
Thank you so much for your help.
This was exactly what I looked for, but what about exiting the long position without the TP and SL, I mean to exit the trade once the RSI is over 70 and the MA9 is crossing under the MA21?
and if I want to reverse the long to short, I need to need to create a new variable eg. CondS?
To exit long trades, you can append these lines to my code:
ExitL = (MyRsi > Ob) AND (Sma9 CROSSES UNDER Sma21)
IF ExitL AND LongOnMarket THEN
SELL AT Market
ENDIF
Yes, to support SHORT trades you need to add CondS (and now also ExitS) to which you will have to assign the opposite conditions to both enter and exit trades.
I have the code like this, but it does not allow me to exit the market
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
Once CondL = 0
Once RsiCrossUnder = 0
Once RsiCrossOver = 0
MyRsi = Rsi[14](close)
Ob = 70
Os = 100 - Ob
Sma9 = average[9,0](close)
Sma21 = average[21,0](close)
if OnMarket or (MyRsi >= Ob) then
CondL = 0
RsiCrossUnder = 0
endif
if MyRsi crosses under Os then
RsiCrossUnder = 1
endif
CondL = RsiCrossUnder and Sma9 crosses over Sma21
if CondL and not OnMarket Then
Buy 100 contract at Market
endif
if myRsi crosses over Ob then
RsiCrossOver = 1
endif
CondExitL = RsiCrossOver and Sma9 crosses under Sma9
if CondExitL then
SELL 100 contract AT MARKET
endif
Sorry, I saw the mistake, it was on the line 32, I had sma9 crosses under sma9, it should of been sma9 under sma21
