[Beginner] How to sell a position after 1 week

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  • 09/27/2017 at 3:36 PM #47537 quote
    fitdude
    Participant
    New

    Hi,

    I want to backtest a strategy were I buy at RSI>30 and sell (not going short) after 1 week. I’m having trouble finding out how to define the sell contidion. Is it possible to set this condition in “simplified creation” tab? Or do i have to code it?

    09/28/2017 at 9:46 AM #47614 quote
    Wing
    Participant
    Veteran

    Try this on for example the 30m timeframe:

    MyRSI=RSI[14]
once DayToSell=10
once TimeToSell=000000

if MyRSI>30 and MyRSI[1]<30 and onmarket=0 then
buy 1 lot at market
DayToSell=dayofweek
TimeToSell=time
endif

if dayofweek=DayToSell and time<TimeToSell and time>TimeToSell-10000
sell 1 lot at market
endif

    Does something like that work?

    10/02/2017 at 5:56 PM #48046 quote
    fitdude
    Participant
    New

    Thank you for your help. Unfortunately, the code has an error in line 11.

    10/02/2017 at 10:45 PM #48071 quote
    Despair
    Blocked
    Master

    Add the word THEN in the end of the line 11.

    Wing thanked this post
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[Beginner] How to sell a position after 1 week


General Trading: Market Analysis & Manual Trading

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fitdude @fitdude Participant
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This topic contains 3 replies,
has 3 voices, and was last updated by Despair
8 years, 4 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 09/27/2017
Status: Active
Attachments: No files
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