DEFPARAM CumulateOrders = False // Cumulating positions deactivated
// long entry parameter
ONCE longRSI=30
// short entry parameter
ONCE shortRSI=70
// position and money management
ONCE positionSize = 1
ONCE NUMBAR=0
ONCE SAFEMODE=0
ONCE trailingStartLong = 10
ONCE trailingStartShort = 10
ONCE stopLoss = 3 // in %
ONCE takeProfit = 5 // in %
ONCE TPSAFE=0
// conditions to enter long positions
c1 = RSI crosses over longRSI
IF c1 AND NOT ONMARKET THEN
BUY positionSize CONTRACT AT MARKET
ENDIF
// conditions to enter short positions
c2 = RSI crosses under shortRSI
IF c2 AND NOT ONMARKET THEN
SELLSHORT positionSize CONTRACT AT MARKET
ENDIF
//trailing stop
//resetting variables when no trades are on market
IF NOT ONMARKET THEN
MAXPRICE = 0
MINPRICE = close
priceexit = 0
ENDIF
//case SHORT order
IF SHORTONMARKET THEN
MINPRICE = MIN(MINPRICE, close) //saving the MFE of the current trade
IF tradeprice(1) - MINPRICE >= trailingStartShort * pointsize THEN //if the MFE is higher than the trailingstop then
priceexit = MINPRICE + trailingStartShort * pointsize //set the exit price at the MFE + trailing stop price level
ENDIF
ENDIF
//case LONG order
IF LONGONMARKET THEN
MAXPRICE = MAX(MAXPRICE, close) //saving the MFE of the current trade
IF MAXPRICE - tradeprice(1) >= trailingStartLong * pointsize THEN //if the MFE is higher than the trailingstop then
priceexit = MAXPRICE - trailingStartLong * pointsize //set the exit price at the MFE - trailing stop price level
ENDIF
ENDIF
//exit on trailing stop price levels
IF ONMARKET AND priceexit > 0 then
EXITSHORT AT priceexit STOP
SELL AT priceexit STOP
ENDIF
//SAFE MODE
if onmarket then
NUMBAR=NUMBAR+1
else
NUMBAR=0
endif
IF NOT ONMARKET THEN
SAFEMODE=0
endif
if (longonmarket and high<tradeprice(1)) or (shortonmarket and low>tradeprice(1)) then
SAFEMODE=1
endif
if SAFEMODE=0 then
SET TARGET %PROFIT takeProfit
else
SET TARGET PROFIT TPSAFE
endif
SET STOP %LOSS stopLoss
graph SAFEMODE
.
