RSI bot amendment
RSI bot amendment
10 Feb 2021, 17:37
HI, I'm having trouble working out how to tweak an RSI bot i've built - I have it set to take some last quick pips once it crosses the Upper / Lower RSI, but I only want this to action once on every crossing I.E. One position opened when specified RSI is crossed and let it run for the specified TP / SL, then only open a new instance once the RSI has left the level and re-entered. At present my Bot is opening back to back positions after TP/SL is filled if still within the Lower or Upper RSI specified... Does anyone know the code to add to stop this happening? This is what I have so far, thanks -
using System;
using System.Linq;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
using cAlgo.Indicators;
namespace cAlgo
{
[Robot(TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
public class RSIwithStopLossandTakeProfit : Robot
{
[Parameter("Quantity (Lots)", Group = "Volume", DefaultValue = 1, MinValue = 0.01, Step = 0.01)]
public double Quantity { get; set; }
[Parameter("Source", Group = "RSI")]
public DataSeries Source { get; set; }
[Parameter("Periods", Group = "RSI", DefaultValue = 14)]
public int Periods { get; set; }
[Parameter("Lower RSI Level", Group = "RSI", DefaultValue = 30, MinValue = 0, MaxValue = 50)]
public int LRL { get; set; }
[Parameter("Upper RSI Level", Group = "RSI", DefaultValue = 70, MinValue = 50, MaxValue = 100)]
public int URL { get; set; }
[Parameter("Take Profit in pips", Group = "TP SL", DefaultValue = 100)]
public int TP { get; set; }
[Parameter("Stop Loss in pips", Group = "TP SL", DefaultValue = 100)]
public int SL { get; set; }
private RelativeStrengthIndex rsi;
protected override void OnStart()
{
rsi = Indicators.RelativeStrengthIndex(Source, Periods);
}
protected override void OnTick()
{
if (rsi.Result.LastValue < LRL)
{
Close(TradeType.Buy);
Open(TradeType.Sell);
}
else if (rsi.Result.LastValue > URL)
{
Close(TradeType.Sell);
Open(TradeType.Buy);
}
}
private void Close(TradeType tradeType)
{
foreach (var position in Positions.FindAll("SampleRSI", SymbolName, tradeType))
ClosePosition(position);
}
private void Open(TradeType tradeType)
{
var position = Positions.Find("SampleRSI", SymbolName, tradeType);
var volumeInUnits = Symbol.QuantityToVolumeInUnits(Quantity);
if (position == null)
ExecuteMarketOrder(tradeType, SymbolName, volumeInUnits, "SampleRSI", SL, TP);
}
}
}
PanagiotisCharalampous
11 Feb 2021, 15:15
Hi C123dale,
You should try using a flag when the RSI crosses on the other direction and place trades only when the flag is changing. See below an idea
Best Regards,
Panagiotis
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@PanagiotisCharalampous