Improving and fixing my strategy code

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  • 05/27/2020 at 1:11 AM #133384 quote
    boonet
    Participant
    Senior

    I am optimising my previously posted Triple EMA RSI Optimised Strategy(https://www.prorealcode.com/topic/triple-ema-rsi-optimised-strategy/) and would like to use some of your help to make this work better on shorter timeframes.

    So I have few questions –

    1. How to avoid trading during sideways markets? (Because on shorter timeframes spread kills you)
    2.  what other indicators can I use alongside EMA, RSI for better confidence in my trades?(using MACD we do missing out on the cream of profits)
    3. What would be best exit plans for a strategy (EMA crossover or TP or SL)?

    If you have any ideas/suggestions , please post.

    Thanks,

    Naveen

    05/27/2020 at 8:30 AM #133396 quote
    Nicolas
    Keymaster
    Master
    1. Very good question, no one really knows how to avoid something that is already happening! If we would know how to early avoid a ranging market, we should also be able to know how to jump directly into the beginning of a trend. Trend always begin in a sideway market. I know there are some topics discussing about market range techniques though, still interesting to explore them.
    2. MACD is a difference of MA. If your strategy already deals with MA, I don’t think it could help. RSI is an indicator that summarize how much the market increase or decrease in a considered period. You should study how the indicators are calculated to consider them valuable or not according to what you want / your strategy.
    boonet thanked this post
    05/27/2020 at 8:42 AM #133399 quote
    GraHal
    Participant
    Master
    boonet wrote:

    How to avoid trading during sideways markets?

    Have a look at narrow Bollinger Bands.

    Above can be followed by an explosive move up or down so make sure you don’t miss it!? 🙂

    boonet thanked this post
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Improving and fixing my strategy code


ProOrder: Automated Strategies & Backtesting

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boonet @boonet Participant
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This topic contains 2 replies,
has 3 voices, and was last updated by GraHal
5 years, 9 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 05/27/2020
Status: Active
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