Hello, I just started practicing with prorealtime automatic trading. It is great to have discovered this community.

I wanted to show you a somehow interesting strategy based on taking the opposite direction of previous day in the morning between 09:00 and 09:30 on Ftse mib.

I then add some filter in order to avoid taking the position in an overbought or oversold environment unless there is a momentum defined by the positive or negative local derivative of RSI.

Furthermore I added a filter based on the size of the body of the previous day candle.

Will be great if you tell me what you think about it.

Ciao

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

timeenter = time = 090000
timeexit = time = 093000
b = 175
size = 5
// Conditions to enter long positions
c1 = (DClose(1) <= DOpen(1)-b)

indicator1 = RSI[14](close)
c3 = (indicator1[1] < 60)
c4 = (indicator1[1] > 40)
c5 = (indicator1[1] > indicator1[2])
c6 = (indicator1[1] < indicator1[2])

c7 = c3 OR c5
c8 = c4 OR c6

IF c1 AND c7 AND timeenter THEN
BUY size PERPOINT AT MARKET
ENDIF

if longonmarket AND timeexit THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
c2 = (DClose(1) >= DOpen(1)+b)

IF c2 AND c8 AND timeenter THEN
SELLSHORT size PERPOINT AT MARKET
ENDIF
if shortonmarket AND timeexit THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets
SET STOP pLOSS 300

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