USDJPY – Easy target

Ricx · 2017-11-06T10:06:58+00:00

I tried to create a simple strategy with an easy target, just to get started with automated trading as I am fairly new to this type of trading. It is a very simple strategy, which might be something to add a few tweaks to. However I would like to minimize the number of trades ending up even, anyone got any ideas of how to accomplish that? // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 // Conditions to enter long positions indicator1 = RSI[2](close) c1 = (indicator1 CROSSES OVER 8) IF c1 AND not daysForbiddenEntry THEN BUY 1 CONTRACT AT MARKET ENDIF // Conditions to exit long positions indicator2 = RSI[2](close) c2 = (indicator2 > 20) IF c2 THEN SELL AT MARKET ENDIF // Conditions to enter short positions indicator3 = RSI[2](close) c3 = (indicator3 CROSSES UNDER 83) IF c3 AND not daysForbiddenEntry THEN SELLSHORT 1 CONTRACT AT MARKET ENDIF // Conditions to exit short positions indicator4 = RSI[2](close) c4 = (indicator4 < 77) IF c4 THEN EXITSHORT AT MARKET ENDIF // Stops and targets SET STOP pLOSS a

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11/06/2017 at 11:06 AM #51580 quote
Ricx
Participant

Junior
I tried to create a simple strategy with an easy target, just to get started with automated trading as I am fairly new to this type of trading.
It is a very simple strategy, which might be something to add a few tweaks to.

However I would like to minimize the number of trades ending up even, anyone got any ideas of how to accomplish that?
```
// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Prevents the system from placing new orders on specified days of the week
daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

// Conditions to enter long positions
indicator1 = RSI[2](close)
c1 = (indicator1 CROSSES OVER 8)

IF c1 AND not daysForbiddenEntry THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// Conditions to exit long positions
indicator2 = RSI[2](close)
c2 = (indicator2 > 20)

IF c2 THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
indicator3 = RSI[2](close)
c3 = (indicator3 CROSSES UNDER 83)

IF c3 AND not daysForbiddenEntry THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF

// Conditions to exit short positions
indicator4 = RSI[2](close)
c4 = (indicator4 < 77)

IF c4 THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets
SET STOP pLOSS a
```
skarmavbild-kl-150990931784lcp.png
11/06/2017 at 11:14 AM #51630 quote

jebus89
Participant

Master

The amount of even trades youre getting is definitly a red flag.. another thing is most people who runs a similiar 10/2 rsi or in ur case 20/2 rsi, they pretty much always seem to add the “close > 200MA” rule. or something similar to define uptrend vs downtrending market.

What is your stop loss? It seems way way way too tight

11/07/2017 at 8:00 PM #51855 quote

Ricx
Participant

Junior

You’re right, something seems odd. Though I cannot really seem to figure out what..?

What does 10/2 and 20/2 means when it comes to RSI?

Oh, I must have forgotten to delete the parameter for testing the best outcome from SL point of view. I used 27 as SL as it gave the best results in backtesting.
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