Multiple RSI exits with multiple positions

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  • Author
    Posts
  • 09/24/2021 at 5:40 PM #178319 quote
    phoentzs
    Participant
    Master

    Hello, I have a small task … if I want to manage 2 positions with an RSI output, how can I write that?
    As a fictitious example: RSI2> 95 then sell short 2 positions. With exitshort there should be 2 outputs, 1 position closes with RSI2 <40, the 2nd position closes with RSI2 <10.

    How can I code this?

    09/24/2021 at 10:42 PM #178334 quote
    MauroPro
    Participant
    Veteran

    Hi Phoentzs this is just one example (Dax, 15m)

    DEFPARAM cumulateOrders = false

myRsi = Rsi[2](close)
level40 = 40
level10 = 10

cLong = close crosses over average[50](close) and high> high[2]
exitLongRsiA = myRsi crosses under level40
exitLongRsiB = myRsi crosses under level10
//-------------------------------------------------------------

if not onMarket and  cLong then
buy 2 contracts at market
flagShort = 0
endif

if exitLongRsiA and flagShort = 0 then
sell 1 contract at market
flagShort = 1
endif

if exitLongRsiB then
sell 1 contract at market
endif
    Image-001-1.jpg Image-001-1.jpg
    09/25/2021 at 9:12 AM #178356 quote
    phoentzs
    Participant
    Master

    Very good. With a flag … thank you. I try to build it into my strategy like this. But … as a mean reversion in trend, I actually thought it was. So in the downtrend sell short at Crossover 95 and then the exits at the lower levels of the RSI. At least I think that’s a good idea. I’ll try.

    09/25/2021 at 9:24 AM #178358 quote
    MauroPro
    Participant
    Veteran
    DEFPARAM cumulateOrders = false

myRsi = Rsi[2](close)
cEnterShort = myrsi crosses over levelEnterShort
levelEnterShort = 95
levelA = 40
levelB = 10

cShort = cEnterShort
exitRsiLevelA = myRsi crosses under levelA
exitRsiLevelB = myRsi crosses under levelB
//-------------------------------------------------------------
if not onMarket and  cShort then
sellShort 2 contracts at market
flagExit = 0
endif
if exitRsiLevelA and flagExit = 0 then
exitShort 1 contract at market
flagExit = 1
endif
if exitRsiLevelB then
exitShort 1 contract at market
endif
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Multiple RSI exits with multiple positions


ProOrder: Automated Strategies & Backtesting

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phoentzs @phoentzs Participant
Summary

This topic contains 3 replies,
has 2 voices, and was last updated by MauroPro
4 years, 5 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 09/24/2021
Status: Active
Attachments: 1 files
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