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	<title type="html"><![CDATA[Forex Software — Strategy using RSI]]></title>
	<link rel="self" href="https://forexsb.com/forum/feed/atom/topic/148/" />
	<updated>2007-09-19T06:19:32Z</updated>
	<generator>PunBB</generator>
	<id>https://forexsb.com/forum/topic/148/strategy-using-rsi/</id>
		<entry>
			<title type="html"><![CDATA[Re: Strategy using RSI]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/621/#p621" />
			<content type="html"><![CDATA[<p>It takes me a minute to set the RSI values:</p><p><strong>[Opening point of the position]</strong><br /><strong><span style="color:blue">Bar Opening</span></strong><br />&nbsp; &nbsp; &nbsp;<strong><span style="color:teal">Enter the market at the beginning of the bar</span></strong><br />&nbsp; &nbsp; &nbsp;<strong>Base price</strong>&nbsp; -&nbsp; <em>Open</em></p><p><strong>[Opening logic condition]</strong><br /><strong><span style="color:blue">RSI</span></strong><br />&nbsp; &nbsp; &nbsp;<strong><span style="color:teal">The RSI crosses the Level line upward</span></strong><br />&nbsp; &nbsp; &nbsp;<strong>Smoothing method</strong>&nbsp; -&nbsp; <em>Simple</em><br />&nbsp; &nbsp; &nbsp;<strong>Base price</strong>&nbsp; -&nbsp; <em>Close</em><br />&nbsp; &nbsp; &nbsp;<strong>Smoothing period</strong>&nbsp; -&nbsp; <em>14</em><br />&nbsp; &nbsp; &nbsp;<strong>Level</strong>&nbsp; -&nbsp; <em>60</em><br />&nbsp; &nbsp; &nbsp;<strong>Use previous bar value</strong>&nbsp; -&nbsp; <em>Yes</em></p><p><strong>[Closing point of the position]</strong><br /><strong><span style="color:blue">Bar Closing</span></strong><br />&nbsp; &nbsp; &nbsp;<strong><span style="color:teal">Exit the market at the end of the bar</span></strong><br />&nbsp; &nbsp; &nbsp;<strong>Base price</strong>&nbsp; -&nbsp; <em>Close</em></p><p><strong>[Closing logic condition]</strong><br /><strong><span style="color:blue">RSI</span></strong><br />&nbsp; &nbsp; &nbsp;<strong><span style="color:teal">The RSI crosses the Level line downward</span></strong><br />&nbsp; &nbsp; &nbsp;<strong>Smoothing method</strong>&nbsp; -&nbsp; <em>Simple</em><br />&nbsp; &nbsp; &nbsp;<strong>Base price</strong>&nbsp; -&nbsp; <em>Close</em><br />&nbsp; &nbsp; &nbsp;<strong>Smoothing period</strong>&nbsp; -&nbsp; <em>14</em><br />&nbsp; &nbsp; &nbsp;<strong>Level</strong>&nbsp; -&nbsp; <em>40</em><br />&nbsp; &nbsp; &nbsp;<strong>Use previous bar value</strong>&nbsp; -&nbsp; <em>No</em></p><br /><p>Enter long at &quot;Bar Opening&quot; when RSI crosses the 60 upward<br />Close at &quot;Bar Closing&quot; when RSI drops below 40.</p><p>For the short positions - symmetrical logic:</p><p>Enter short at &quot;Bar Opening&quot; when RSI crosses the 40 downward (100 - 60 = 40 )<br />Close at&nbsp; &quot;Bar Closing&quot; when RSI crosses 60 upward.</p><p>In fact this is a cross-over strategy and we are on the market 100% of the time.</p>]]></content>
			<author>
				<name><![CDATA[Popov]]></name>
				<uri>https://forexsb.com/forum/user/2/</uri>
			</author>
			<updated>2007-09-19T06:19:32Z</updated>
			<id>https://forexsb.com/forum/post/621/#p621</id>
		</entry>
		<entry>
			<title type="html"><![CDATA[Strategy using RSI]]></title>
			<link rel="alternate" href="https://forexsb.com/forum/post/618/#p618" />
			<content type="html"><![CDATA[<p>I just received a new strategy based on RSI from Mark Macrae<br />The strategy uses level lines 40 and 60 </p><p>Enter long when RSI crosses 60 level upwards<br />Exit long when RSI crosses 40 level downwards</p><p>The logic is that an up trend is confirmed only if the RSI crosses 60 line, and maintains the trend as long as it remains above 40 level.</p><p>For short positions do the reverse</p><p>How can this be tested in FSB?</p>]]></content>
			<author>
				<name><![CDATA[viswadatta]]></name>
				<uri>https://forexsb.com/forum/user/142/</uri>
			</author>
			<updated>2007-09-19T04:39:41Z</updated>
			<id>https://forexsb.com/forum/post/618/#p618</id>
		</entry>
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