Hello,
I am looking for an EA to do backtesting for this scenario
TF - h1
RSI - 21 (arbitrary)
lot size - 0.01
BUY at the open of the next candle if RSI(21) closed below 30 level, and every time it happens, with increment of of 0.01 for every succeeding BUY
CLOSE all the open trades ONLY if RSI(21) reaches level 40 (adjustable).
SELL at the open of the next candle if RSI(21) closed above 70 level, and every time it happens, with increment of of 0.01 for every succeeding SELL
CLOSE all the open trades ONLY if RSI(21) reaches level 60 (adjustable).
LIMITED Manual testing seems to yield good results.
Anyone with programming skill wants to make a go for it please?
The increment of the lot size may be double up every action, until we CLOSE all trades
Or follow the FIBO sequence of 0.01, 0.01, 0.02, 0.03, 0.05, 0.08 and so forth
For personal risk appetite, we can set a limit to the number of open trades, up to 3 only (maybe 4, 5, etc)
The CLOSE all open trades
- if RSI level reached
- or if total winnings of all trades equals 3% already
Thank you.
I am looking for an EA to do backtesting for this scenario
TF - h1
RSI - 21 (arbitrary)
lot size - 0.01
BUY at the open of the next candle if RSI(21) closed below 30 level, and every time it happens, with increment of of 0.01 for every succeeding BUY
CLOSE all the open trades ONLY if RSI(21) reaches level 40 (adjustable).
SELL at the open of the next candle if RSI(21) closed above 70 level, and every time it happens, with increment of of 0.01 for every succeeding SELL
CLOSE all the open trades ONLY if RSI(21) reaches level 60 (adjustable).
LIMITED Manual testing seems to yield good results.
Anyone with programming skill wants to make a go for it please?
The increment of the lot size may be double up every action, until we CLOSE all trades
Or follow the FIBO sequence of 0.01, 0.01, 0.02, 0.03, 0.05, 0.08 and so forth
For personal risk appetite, we can set a limit to the number of open trades, up to 3 only (maybe 4, 5, etc)
The CLOSE all open trades
- if RSI level reached
- or if total winnings of all trades equals 3% already
Thank you.