RSI Strategy to be coded

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RSI Strategy to be coded

Postby Jamesp » Sun Dec 04, 2016 2:53 pm


I am looking to have a strategy coded that is compatible with marketscope 2.0 and preferably one that I can tweak in FX strategy wizard if needed.

I'm new to trade automation so might not be listing everything you need. Just pm me for any questions and we can connect via email.

Strategy A:

Enter Trade if RSI passes above 38.20
Exit Trade if RSI crosses back down below 38.20, 50, or 62.80

Enter short position if RSI crosses below 62.80
Exit position if RSI crosses back up 62.80, 50, or 32.80

Strategy B:
Same as above in A but only enter the trade if the RSI and/or MACD direction matches designated longer term period. For example, instrument XYZ is trending downward on the daily RSI (would like to choose periods) and/or MACD (would like to be able to specify one or both) and I am trading on the 5 minute chart. The strategy would only enter short positions since the larger timeframe is trending downward.

Stops would be based on the exit scenarios listed above.

Please let me know if you have any questions.

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