Topic: One Way Trade
Hi
I build strategy with RSI and I want to sell at above 80 and buy at below 20
I found out that it is doing also long on above 80 and short below 20.
This is what written in Strategy Overview for example
Opening (Entry Signal)
Open a new long position at the beginning of the bar when the following logic condition is satisfied:
• the RSI* (Simple, Close, 7) is higher than the Level 80.
Open a new short position at the beginning of the bar when the following logic condition is satisfied:
• the RSI* (Simple, Close, 7) is lower than the Level 20.
It should be the opposite!!!! Short above 80 long below 20
Is it my mistake?
I’ll appreciate any help
BTW – GREAT GREAT TOOL !!!!
Nir