[Beginner] How to sell a position after 1 week

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

  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?

  

  fitdude

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

  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

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  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?

  

  Wing

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

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

  

  fitdude

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  10/02/2017 at 10:45 PM #48071
  Despair

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

  1 user thanked author for this post.

  Wing

  

  Despair

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