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Thread: Counter Trend RSI

  1. #1
    Junior Member
    Join Date
    Dec 2008
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    2

    Default Counter Trend RSI

    This would be a simple EA that has probably already been done.
    Rules:

    1. Needs stop loss.
    2. Needs trailing stop loss.
    3. Open a Buy when RSI 14 crosses 30 from below.
    4. Close the Buy when RSI crosses 70 from below.
    5. Open a Sell when RSI 14 crosses 70 from above.
    6. Close the Sell when RSI 14 crosses 30 from above.

    Thanks

  2. #2
    Administrator funyoo's Avatar
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    Sep 2008
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    7,003

    Default

    Quote Originally Posted by skier31 View Post
    This would be a simple EA that has probably already been done.
    Rules:

    1. Needs stop loss.
    2. Needs trailing stop loss.
    3. Open a Buy when RSI 14 crosses 30 from below.
    4. Close the Buy when RSI crosses 70 from below.
    5. Open a Sell when RSI 14 crosses 70 from above.
    6. Close the Sell when RSI 14 crosses 30 from above.

    Thanks


    Here it is. Counter Trend RSI EA.
    Attached Files Attached Files

  3. #3
    Junior Member
    Join Date
    Dec 2008
    Posts
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    Default

    Thank you very much. I'll let you know if I'm able to optimize it enought to show profitability.
    Thanks again!

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rsi, simple, stop, thank you, trailing, trend

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