Hi everyone,

I am trying to put together a code, based on the RSI, and applying some daily averaging down in both directions. I am trying to averaging down within the same day to avoid uncontrolled losses and limit the number of contracts.

I am still in the middle of the process, but after trying a couple of versions, I am getting wrong entries of just 1€. I have no idea why this is happening. I am attaching the results of one of the tries, so you can see the entries, and also the code as it is right now.

I would appreciate any help or feedback about these false entries.

Thanks,

Juan

// Código principal : RSI w daily averaging 15' EUR 12NOV
//-------------------------------------------------------------------------

DEFPARAM CUMULATEORDERS = true

// OPERATIONAL TIME
DEFPARAM FLATBEFORE = 020000
DEFPARAM FLATAFTER = 210000

// STRATEGYPROFIT per day. It resets the variable each new day
IF INTRADAYBARINDEX = 0 THEN
stratprofit = STRATEGYPROFIT //saves the previous day Profit
ENDIF

// POSITION SIZE
positionsize = 1

// PROFITs
profit1 = 10
profit2 = 12
profit3 = 14
profit4 = 20

// Condiciones
// Alcistas
rsialc1 = RSI[2](close)<2
decreasinghighs = high<high[1] AND high[1]<high[2] AND high[2]<high[3]
alcista = rsialc1 AND decreasinghighs
enrojoalcista1= (tradeprice(1)-close)>5*pipsize AND (tradeprice(1)-close)<=10*pipsize
enrojoalcista2= (tradeprice(1)-close)>10*pipsize AND (tradeprice(1)-close)<=20*pipsize
enrojoalcista3= (tradeprice(1)-close)>20*pipsize AND (tradeprice(1)-close)<=30*pipsize
tresvelasalcistas = open[1]<close[1] AND open[2]<close[2]
rangoverde = (close[1]-open[3])>40*pipsize
fastalza = tresvelasalcistas AND rangoverde

// Bajistas
rsibaj1 = RSI[2](close)>98
increasinglows = low>low[1] AND low[1]>low[2] AND low[2]>low[3]
bajista = rsibaj1 AND increasinglows
enrojobajista1= (close-tradeprice(1))>5*pipsize AND (close-tradeprice(1))<=10*pipsize
enrojobajista2= (close-tradeprice(1))>10*pipsize AND (close-tradeprice(1))<=20*pipsize
enrojobajista3= (close-tradeprice(1))>20*pipsize AND (close-tradeprice(1))<=30*pipsize
tresvelasbajistas = open[1]>close[1] AND open[2]>close[2]
rangorojo = (open[3]-close[1])>40*pipsize
fastbaja = tresvelasbajistas AND rangorojo


// LONG Positions-Opening_________________________________________________________________________________________________
// Alcistas
IF alcista AND NOT fastbaja THEN
BUY positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit1
ENDIF

// Averaging
IF LONGONMARKET AND RSI[2](close)<5 AND COUNTOFLONGSHARES<=2 AND enrojoalcista1 THEN
BUY positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit2
ENDIF

IF LONGONMARKET AND RSI[2](close)<5 AND COUNTOFLONGSHARES<=3 AND enrojoalcista2 THEN
BUY positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit3
ENDIF

IF LONGONMARKET AND RSI[2](close)<5 AND COUNTOFLONGSHARES<=4 AND enrojoalcista3 THEN
BUY positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit4
ENDIF



// SHORT Positions-Opening_________________________________________________________________________________________________
// Bajistas
IF bajista AND NOT fastalza THEN
SELLSHORT positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit1
ENDIF

// Averaging
IF SHORTONMARKET AND RSI[2](close)>95 AND COUNTOFSHORTSHARES<=2 AND enrojobajista1 THEN
SELLSHORT positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit2
ENDIF

IF SHORTONMARKET AND RSI[2](close)>95 AND COUNTOFSHORTSHARES<=3 AND enrojobajista2 THEN
SELLSHORT positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit3
ENDIF

IF SHORTONMARKET AND RSI[2](close)>95 AND COUNTOFSHORTSHARES<=4 AND enrojobajista3 THEN
SELLSHORT positionsize CONTRACT AT MARKET
SET TARGET pPROFIT profit4
ENDIF



//Finishing DAILY operations when reaching target profit/loss
IF (STRATEGYPROFIT-stratprofit)>=10 THEN //current day's profit
SELL AT MARKET
EXITSHORT AT MARKET
ENDIF

IF (STRATEGYPROFIT-stratprofit)<=-20 THEN //current day's loss
SELL AT MARKET
EXITSHORT AT MARKET
ENDIF


 

Screen-Shot-2017-11-12-at-17.02.24.png