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HPotter
Aug 16, 2021 1:10 PM

Combo Backtest 123 Reversal & RSI 

E-mini S&P 500 FuturesCME

Description

This is combo strategies for get a cumulative signal.

First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.

Second strategy
The RSI is a very popular indicator that follows price activity.
It calculates an average of the positive net changes, and an average
of the negative net changes in the most recent bars, and it determines
the ratio between these averages. The result is expressed as a number
between 0 and 100. Commonly it is said that if the RSI has a low value,
for example 30 or under, the symbol is oversold. And if the RSI has a
high value, 70 for example, the symbol is overbought.

WARNING:
- For purpose educate only
- This script to change bars colors.
Comments
spencerwalters2009
Hi Is this strategy only for futures , Or can you use it on forex.
getnow
hello sir
please make script on tp1 tp2 and sl1 sl2 levels buy sell entiry exist best accuract

please sir make
tikroute
Hello my friend
Thank you for your great script which is working perfectly in any situation.
I have a question, how can I add take profit levels to the script? something like exit points because if I close my trade on "close position signal" sometimes it is a loss and sometimes I loose profit.
I really appreciate your help
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