[SHARE] Simple RSI BULL/BEAR strategy

[martyc]

I have. I ran it for about a month in July and August. It is too frustrating a strat because the win rate is low. It usually does something like this.

1st roundtrip: -2% loss
2nd roundtrip: -3% loss
3rd roundtrip: -1% loss
4th roundtrip: 8% profit
5th roundtrip: 2% loss
...

I still believe it has potential, but you literally can't look at the results as there are way more losses than wins. It also needs the following adjustments:
-Buy only when RSI is going up, not just hitting a set number (often it buys when RSI is going down)
-Buy only when a candle hits a certain volume (I think someone else suggested that earlier)

I'm working on other stuff now, but I will eventually add those to the strat and see how it works. They are not that hard to implement, anyone who modded a strat previously should be able to do it.

I'm doing a bit better than that but I have tweaked the code a bit.

1. Added a couple of lines that check for msSlow/maFast and if they are too close then I ignore any signals. (Theory is that there is a high liklihood of getting whipsawed back out again)
2. Calculate the MA of volume and if the volume is < the MA of the volume I also ignore signals. (Again theory is that I want a 'real' change in sentiment to be what drives my signal)

Cheers