NexusFi: Find Your Edge


Home Menu

 





Buy (X) ESU14 ticks down from RSI Oversold


Discussion in TradeStation

Updated
    1. trending_up 1,208 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread

Buy (X) ESU14 ticks down from RSI Oversold

  #1 (permalink)
 robz75 
baltimore md/usa
 
Experience: Beginner
Platform: TradeStation
Trading: Futures
Posts: 16 since Jul 2014
Thanks Given: 0
Thanks Received: 0

As the RSI is not perfect, I am looking to increase the entry efficiency of my strategy. I can see that more often than not the market will continue to go down a bit before going up after my rsi oversold buy signal.

Looking for some help with code that will read "if rsi < than oversold buy market at x points or ticks below current price”. Looking to be able to optimize the points-ticks below current price. Any help would be great guys thx!

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #2 (permalink)
 kevinkdog   is a Vendor
 
Posts: 3,645 since Jul 2012
Thanks Given: 1,890
Thanks Received: 7,338


robz75 View Post
As the RSI is not perfect, I am looking to increase the entry efficiency of my strategy. I can see that more often than not the market will continue to go down a bit before going up after my rsi oversold buy signal.

Looking for some help with code that will read "if rsi < than oversold buy market at x points or ticks below current price”. Looking to be able to optimize the points-ticks below current price. Any help would be great guys thx!

input: pointoffset(1), oversold(30);

if rsi(close,14) < oversold then buy next bar at close-pointoffset limit;


This will submit a limit order, good for the next bar, to be filled at a price of close - priceoffset .

Just remember when you test to make sure limit orders are filled only when price is penetrated (default fills when price is touched).


This strategy could be a fun one to try in the Battle of The Bots!

Follow me on Twitter Reply With Quote
  #3 (permalink)
 robz75 
baltimore md/usa
 
Experience: Beginner
Platform: TradeStation
Trading: Futures
Posts: 16 since Jul 2014
Thanks Given: 0
Thanks Received: 0


Thx you sir.Going to give it a try now.I will let you know how it goes.

Started this thread Reply With Quote




Last Updated on July 24, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts