Omx30 rsi strategy

murre87 · 2021-08-29T19:49:56+00:00

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.

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08/29/2021 at 8:49 PM #176450 quote

murre87
Participant

Senior

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.

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

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

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