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Posts: 2

Topic: Strategy using RSI

I just received a new strategy based on RSI from Mark Macrae
The strategy uses level lines 40 and 60

Enter long when RSI crosses 60 level upwards
Exit long when RSI crosses 40 level downwards

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.

For short positions do the reverse

How can this be tested in FSB?

Re: Strategy using RSI

It takes me a minute to set the RSI values:

[Opening point of the position]
Bar Opening
     Enter the market at the beginning of the bar
     Base price  -  Open

[Opening logic condition]
RSI
     The RSI crosses the Level line upward
     Smoothing method  -  Simple
     Base price  -  Close
     Smoothing period  -  14
     Level  -  60
     Use previous bar value  -  Yes

[Closing point of the position]
Bar Closing
     Exit the market at the end of the bar
     Base price  -  Close

[Closing logic condition]
RSI
     The RSI crosses the Level line downward
     Smoothing method  -  Simple
     Base price  -  Close
     Smoothing period  -  14
     Level  -  40
     Use previous bar value  -  No


Enter long at "Bar Opening" when RSI crosses the 60 upward
Close at "Bar Closing" when RSI drops below 40.

For the short positions - symmetrical logic:

Enter short at "Bar Opening" when RSI crosses the 40 downward (100 - 60 = 40 )
Close at  "Bar Closing" when RSI crosses 60 upward.

In fact this is a cross-over strategy and we are on the market 100% of the time.

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