An example of a trading system using the RSI and Stochastics indicators

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This topic contains 2 replies, has 3 voices, and was last updated by  Mideo 5 years, 5 months ago.

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  • #642
    Seer
    Seer
    Keymaster

    This simple trading system uses both the RSI and Stochastics indicators. Based upon the stochastic trading system example, but with addition logic on the entry. The system produces a lot less trades than Stochastic system (albeit with a higher winning probability).

    As this trading system produces so few trades on a single instrument, it should be backtested against a portfolio containing more than 30 symbols, which gives more statistical relevance to the results.

    #RSI and Stochastics system
    #
    #Basic Stochastics system, but with additional rule:
    #The rsi must be less than 30.
    
    #Get the Stochastics columns
    my ($k,$d)=SS(5,3,3);
    
    unless (Position) {
      #Buy if the %k crosses above %d and if %k is less than 20
      BuyOpen if Crossover($k,$d) and Today($k)<20 and Today(RSI(14))<30;
    }
    else {
      #Sell if the %k crosses under the $d and if %k is greater than 20
      SellOpen if Crossunder($k,$d) and Today($k)>80;
    }
    • This topic was modified 8 years, 3 months ago by  jez.
    • This topic was modified 8 years, 3 months ago by Seer Seer.
    • This topic was modified 8 years, 3 months ago by Seer Seer.
    • This topic was modified 8 years, 1 month ago by Seer Seer.
    #4777

    How to download it?

    #4782

    Mideo
    Member

    Could anybody tell me please, is it working while trading with bonus money? The thing is I’m trading with FreshForex on $1000 no deposit money and I don’t want to cancel it, but I also want to try that system.

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