Newbie RSI

• 02/08/2021 at 11:28 AM #160648
  FDtoday

  Good morning new here but not to trading, I am trying to use a simple code to grab positions when RSI dips below for a long position.  Then bank when reverses making x many points.  The backtest works but the live scenario doesnt place any orders when running and wondering if I am missing anything obvious here is the code not much too it as testing only to get it working first.  Any help would be grateful thank you.

  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = RSI[10](close) c1 = (indicator1 CROSSES UNDER 38) IF c1 THEN BUY 2 PERPOINT AT MARKET ENDIF // Stops and targets SET TARGET pPROFIT 50

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  // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = RSI[10](close) c1 = (indicator1 CROSSES UNDER 38)   IF c1 THEN BUY 2 PERPOINT AT MARKET ENDIF   // Stops and targets SET TARGET pPROFIT 50

   

  

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  02/08/2021 at 12:01 PM #160659
  robertogozzi

  Always use the ‘Insert PRT Code’ button when putting code in your posts to make it easier for others to read.

  Thank you 🙂

   

  

  robertogozzi

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  02/08/2021 at 12:09 PM #160662
  FDtoday

  Thank you 🙂

  

  FDtoday

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  02/08/2021 at 12:26 PM #160669
  robertogozzi

  You also posted inthe wrong support forum, it’s ProOrder for strategies, as you can read from the highlighted rules below (in yellow). I moved it to the correct place.

  I tested on a 5-minute TF with 200K units anditworks.

  What TF and how many unists are you using?

  Because there could be no valid entry conditions with a few units.

   

  

  robertogozzi

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  02/08/2021 at 12:29 PM #160670
  FDtoday

  Thanks again,  Ah I didnt think about units my view was 1hr and left at 100 units which makes sense it couldn’t get a trade ill amend and see if that works thank you.  Does the chart need to be open on the screen to work?

  

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  02/08/2021 at 12:31 PM #160671
  robertogozzi

  Yes, while backtesting.

  No,when the strategy runs in AutoTrading.

   

  

  robertogozzi

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  02/08/2021 at 12:35 PM #160672
  FDtoday

  robertogozzi wrote:

  Yes, while backtesting.

  No,when the strategy runs in AutoTrading.

  Perfect amended with 1gr 1k unit to test it.  Ill see if it works if moves down today.

  

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  02/08/2021 at 12:57 PM #160679
  FDtoday

  //------------------------------------------------------------------------- // Main code : short test //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter short positions indicator1 = RSI[10](close) c1 = (indicator1 >= 70) IF c1 THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF // Stops and targets SET TARGET pPROFIT 15

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  //------------------------------------------------------------------------- // Main code : short test //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter short positions indicator1 = RSI[10](close) c1 = (indicator1 >= 70)   IF c1 THEN SELLSHORT 1 PERPOINT AT MARKET ENDIF   // Stops and targets SET TARGET pPROFIT 15

  I just tried a short as it was going the other way still didnt work :/.  I just done a manual sell and that worked from prorealtime so the link is working.  RSI crossed over 71 so well over the 70.

  

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  02/08/2021 at 1:01 PM #160682
  FDtoday

  Ignore that it just worked maybe I need to up the units even further.  Trial and error least one worked so getting there.

  

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  02/08/2021 at 4:19 PM #160701
  FDtoday

  So that short worked, I set up a 10 minute long and that didnt work again?  What am I doing wrong :/

   

  //------------------------------------------------------------------------- // Main code : small RSI 10m 39 //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = RSI[10](close) c1 = (indicator1 CROSSES UNDER 39) IF c1 THEN BUY 1 PERPOINT AT MARKET ENDIF // Stops and targets SET TARGET pPROFIT 10

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  //------------------------------------------------------------------------- // Main code : small RSI 10m 39 //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = RSI[10](close) c1 = (indicator1 CROSSES UNDER 39)   IF c1 THEN BUY 1 PERPOINT AT MARKET ENDIF   // Stops and targets SET TARGET pPROFIT 10

   

  

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  02/08/2021 at 4:21 PM #160703
  FDtoday

  I just opened the chart and it triggered so do I need the chart open perhaps?

  

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  02/08/2021 at 5:35 PM #160713
  robertogozzi

  What instrument,TF and units are you using?

   

  

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  02/08/2021 at 7:14 PM #160740
  FDtoday

  Hi,

  Im using FTSE, 1hr 1000units.  I have just redone it all from scratch and will leave on my home pc and see if it triggers.  RSI =< 37 and then another order RSI =< 28 .  Its quite simple just more for when I am unable to open a trade it will catch the move for me is my thinking.

  //------------------------------------------------------------------------- // Main code : RSI under 38 //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Conditions to enter long positions indicator1 = RSI[10](close) c1 = (indicator1 <= 38) IF c1 THEN BUY 2 PERPOINT AT MARKET ENDIF // Stops and targets SET TARGET pPROFIT 45

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  //------------------------------------------------------------------------- // Main code : RSI under 38 //------------------------------------------------------------------------- // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated   // Conditions to enter long positions indicator1 = RSI[10](close) c1 = (indicator1 <= 38)   IF c1 THEN BUY 2 PERPOINT AT MARKET ENDIF   // Stops and targets SET TARGET pPROFIT 45

   

   

  

  FDtoday

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  02/09/2021 at 8:29 AM #160765
  FDtoday

  This didn’t work, left running overnight and went sub 38 this am and hasn’t triggered frustrating.  I have change the =< to crosses under but I dont see what difference that should make.

  From trying a few things it seems a little random if they work or not any help is appreciated, I feel im missing something obvious.

  

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  02/09/2021 at 10:06 AM #160774
  robertogozzi

  It’s due to very strict conditions. On my test on FTSE, 1h, 200K bars (10 and a half years), it only took 66 trades, that is 6 trades/year, which is 1 trade every other month!

  You have to keep it running at least one year to see some trades opened, not just overnight!

   

  

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