New to PRT Buy Seasonal Low Rsi

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  • 02/27/2024 at 9:36 AM #228802 quote
    SE_68
    Participant
    New

    Hi everyone, im new to PRT even if i have followed this forum on and of for years. I have no data skills but have read some threads about seasonallity and
    would like to test if there is an edge in trying to find a bottom in Sept-Oct and a top in the spring compared to Buy in Oct and sell in May.

    My code below dosen´t seem to work as i aming for, wich is buying at a low Rsi in any of the month 9-11. What do i do wrong, Should i use (If openmonth 9) or?

    Greatful for any help.

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

// Only buy sep-oct
IF Currentmonth = 9 or Currentmonth = 10 or Currentmonth = 11 THEN
Endif
// Conditions to enter long positions

Indicator1 = RSI[9](close)
c1 = (indicator1 CROSSES over 30)
If c1 then
BUY 1 CONTRACT AT MARKET
endif

// Only sell May-July

IF Currentmonth = 5 or Currentmonth = 6 or Currentmonth = 7 THEN
Endif
// Conditions to exit long positions

Indicator2 = RSI[14](close)
c2 = (indicator1 CROSSES under 70)
If c2 then

SELL AT MARKET
ENDIF
    Detailed-report-ProBacktest-MySystem5-USA500-Cash-1E.png Detailed-report-ProBacktest-MySystem5-USA500-Cash-1E.png
    02/27/2024 at 11:26 AM #228812 quote
    PeterSt
    Participant
    Master

    Hi there !

    One example, of something you do not apply correct – where an EndIf is to be projected :

    DEFPARAM CumulateOrders = False // Cumulating positions deactivated
 
// Only buy sep-oct
IF Currentmonth = 9 or Currentmonth = 10 or Currentmonth = 11 THEN
//Endif   // EndIf must not be here !
  // Conditions to enter long positions
 
  Indicator1 = RSI[9](close)
  c1 = (indicator1 CROSSES over 30)
  If c1 then
    BUY 1 CONTRACT AT MARKET
  endif
Endif   // That EndIf should be here !

    Otherwise I notice your RSI[9] which seems to be related to your 9th month ? anyway, if it is, your TimeFrame of the chart should be 1 month in that case.
    (it is a bit guessing which direction you want to go, also with the notice that the RSI may not have reached 30 (on the low side) at all).

    Regards and don’t be disappointed too soon !
    Peter

    02/27/2024 at 11:33 AM #228813 quote
    Iván González
    Moderator
    Master

    Hi,

    there is a mistake in your code in line 6 and 18. Your code says nothing if the candle is in sept-Nov period.

    Here you have what you are searching for:

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

// Only buy sep-oct
IF not longonmarket and (Currentmonth = 9 or Currentmonth = 10 or Currentmonth = 11) and RSI[9](close) CROSSES over 30 THEN
BUY 1 CONTRACT AT MARKET
endif
// Only sell May-July
// Conditions to exit long positions
IF longonmarket and (Currentmonth = 5 or Currentmonth = 6 or Currentmonth = 7) and RSI[14](close) CROSSES under 70 THEN
SELL AT MARKET
endif


graph rsi[14](close)coloured("red")
graph rsi[9](close)coloured("green")
graph 30
graph 70

    Just one thing, if you are long and the RSI is not over and crosses under the 70 level between may and july you will not exit… Consider set a trail stop of something like this.

    02/27/2024 at 3:04 PM #228837 quote
    SE_68
    Participant
    New

    Thank you Peter and Iván for your help.

    Iván i was trying a traling stop but it seems to hurt the overall to much so i wonder if there is any code that does something like:

    If c2 is not met in month 6 then sell next day att market?

    I also wonder about the indicator Buy and hold. I´m aming for a robust system that are equal or better than buy and hold but when i look at the buy and hold it looks
    weard? It´s telling me that the index has done app +44% from 1996 to 2024 and my strategy about the same in terms of euros. It dosen feel right.
    I attached a picture of the buy and hold indicator, both the system and the indicator starts with the same amount (10.000)

    Thank!

    Seasonal_Rsi_VS_Buyandhold.jpg Seasonal_Rsi_VS_Buyandhold.jpg
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New to PRT Buy Seasonal Low Rsi


ProOrder: Automated Strategies & Backtesting

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SE_68 @se_68 Participant
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This topic contains 3 replies,
has 3 voices, and was last updated by SE_68
1 year, 11 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/27/2024
Status: Active
Attachments: 2 files
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