Improving and fixing my strategy code

boonet · 2020-05-27T00:11:18+00:00

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 – How to avoid trading during sideways markets? (Because on shorter timeframes spread kills you) 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) 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

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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

Legend
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.
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05/27/2020 at 8:42 AM #133399 quote

GraHal
Participant

Legend

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!? 🙂

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