USDJPY – Easy target

• 11/06/2017 at 11:06 AM #51580
  Ricx

  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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  // 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

   

   

  

  Ricx

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  11/06/2017 at 11:14 AM #51630
  jebus89

  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

  

  jebus89

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

  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.

  

  Ricx

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