Help on RSI add-on trades

Hello coders,

I am doing an EA based on RSI 14 everything else is OK for now, but I want it to be adding more orders at the same direction and close all of them at the opposite level. Initially it was doing multiple trades when RSI falls below 40 and goes back above 70 it sends in another SELL but since I added the function to close the orders it stopped placing add-on trades. I have done all I could but it is only placing one order at a time.

The attached picture explains what I want. It should have add-on orders at the BLUE circles and close them normally.

Thanks in advance for the snippets

kos

You probably have a function in your code that checks to see whether there is an existing trade currently going on, that prevents it from opening another OrderSend to buy/sell.

However if you remove that particular function, you will notice that your EA will start making multiple trades on the same bar, if not 1 or 2 bars away from the bar that your EA should be actually trading on. You will need another function or global variable to control this.

Hmm and probably another area to look out for is the maximum no. of trades per direction that you will allow the EA to trade prior to closing all of them when it reaches the opposite level. Like for example, Maximum of 2 Buy trades before reaching the opposite RSI level of 70 or a Maximum of 2 Sell trades before reaching the opposite RSI level of 40.

And now that you have more than one trade going on at the same time. If you're using a MM function to control the risk level. You might need to adjust your MM to a lower level to avoid margin call or higher DD during testing. Or you can readjust the MM function to cope with the maximum no. of trades per direction.

An easy example would be: