Multiple RSI exits with multiple positions

• 09/24/2021 at 5:40 PM #178319
  phoentzs

  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?

  

  phoentzs

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

  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

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  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

   

  

  MauroPro

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  09/25/2021 at 9:12 AM #178356
  phoentzs

  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.

  

  phoentzs

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  09/25/2021 at 9:24 AM #178358
  MauroPro

  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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  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

   

  

  MauroPro

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