Omx30 rsi strategy

• 08/29/2021 at 8:49 PM #176450
  murre87

  Hi.

  Traded successfully with this strategy manuellt. Would it be possible to code it?

  Simple for someone with skills 😊

   

  Sweden 30 Cash (100SK) 1min chart.

  Go short if RSI closing above 70,83 and crossing down under 70, closing. Hold 4 points. SL 6 points above entry price.
  Go long if RSI close below 28,5 and closing above 30. Hold 4 points. SL 6 points below entre price. Never hold over night.

  

  murre87

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  08/29/2021 at 10:47 PM #176455
  robertogozzi

  There you go (not tested):

  MyRSI = rsi[14](close) S1 = MyRSI > 70.83 L1 = MyRSI < 28.5 ES = MyRSI crosses under 70 EL = MyRSI > 30 // LONG entry If L1 And not LongOnMarket then Buy 1 contract at Market Endif // SHORT entry If S1 And not ShortOnMarket then Sellshort 1 contract at Market Endif // LONG exit If EL and LongOnMarket then Sell at Market Endif // SHORT exit If ES and ShortOnMarket then Exitshort at Market Endif // SL & TP Set Stop pLoss 6 Set Target pProfit 4

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  MyRSI = rsi[14](close) S1 = MyRSI > 70.83 L1 = MyRSI < 28.5 ES = MyRSI crosses under 70 EL = MyRSI > 30 // LONG entry If L1 And not LongOnMarket then    Buy 1 contract at Market Endif // SHORT entry If S1 And not ShortOnMarket then    Sellshort 1 contract at Market Endif // LONG exit If EL and LongOnMarket then    Sell at Market Endif // SHORT exit If ES and ShortOnMarket then    Exitshort at Market Endif // SL & TP Set Stop pLoss 6 Set Target pProfit 4

  SL and TP seem too tight. Check with your broker if they are within required limits for the traded instrument.

   

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