Topic: Great System: But how do I set it up in FSB
I have been trying to get FSB to work on a system that a friend of mine uses. The problem is I need logic like "RSI was above 70 within the last 10 bars" and "Stochastics crossed within the last 10 bars". At the moment, the way the logic slots are setup these things have to happen simultaneously to trigger a trade.
This is basically the system.
1. Look for the RSI to close above 70.
2. Look for a cross of the slow stochastic.
3.Look for the MACD cross. This is the point you enter the trade which in this case is short. I have attached a picture showing the sequence.
The thing is these three indicator setups must occur in order but there is a time lag between them happening. This is why the extra logic would be useful and should go something like:-
Enter Short when
MACD Crosses downwards
Slow Stochastic was crossed within the last 20 bars
RSI was above 70 between 20 and 30 bars ago.