inno14

BO - RSI - M5 Backtesting

BO - RSI - M5 Backtesting -Rule of Strategy

A. Data
1. Chart M5 IDC
2. Symbol: EURJPY

B. Indicator
1. RSI
2. Length: 12 (adjustable)
3. Extreme Top: 75 (adjustable)
4. Extreme Bottom: 25 (adjustable)

C. Rule of Signal
1. Put Signal
* Rsi create a temporary peak over Extreme Top
row61: peak_rsi= rsi>rsi and rsi>rsi and rsi<rsi and rsi>rsi_top
2. Call Signal
* Rsi create a temporary bottom under Extreme Bottom
row62: bott_rsi= rsi<rsi and rsi<rsi and rsi>rsi and rsi<rsi_bot

D. Rule of Order
1. Only 1 trade opening
2. Stoploss: No trade open after 1 loss trade each day (number of loss trades adjustable)
3. Expiry: after 6 bars (number of bars adjustable)
Release Notes: Fix bug at stoploss line (from Line 78 -> 85)
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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