Trialling a small gains strategy.
Unfortunately it caps out at 2000 trades otherwise I would be improving the maximum loss of stopping out trades once the RSI entered an overbought or oversold region
Unfortunately it caps out at 2000 trades otherwise I would be improving the maximum loss of stopping out trades once the RSI entered an overbought or oversold region
//@version=2 strategy("RSI small trade strategy", overlay=true, precision=5, currency="AUD") length = input( 7 ) overSold = input( 30 ) overBought = input( 70 ) midline = input (50) price = close vrsi = rsi(price, length) //long strategy.entry("RsiLE", strategy.long, qty=10000,comment="RsiLE", when = crossunder(vrsi, midline) ) //strategy.exit("RsiLE Exit","RsiLE",loss=200) //short strategy.entry("RsiSE", strategy.short, qty=10000, comment="RsiSE", when = crossover(vrsi, midline)) //strategy.exit("RsiSE Exit","RsiSE",loss=200) //strategy.close_all(when = vrsi > overBought or vrsi < overSold) plot(strategy.equity, title="equity", color=blue, linewidth=2, style=areabr, transp=80)