TP and SL at RSI levels?
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Hello fxdreema community,
I would need to TP or SL when the RSI reach a specific level. Can you help in this?
Also if known how to trail the RSI value?
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Try with "Modify stops of trades" and use SL as "Custom (price level)". The problem with this block is that TP must also be set.
The other way is "For each Trade -> modify stops"To detect when RSI is cerian level, use "Condition"
In "Trailing stop (each trade)" there is an option for "Trailing Stop is..." that is "Custom (level)"
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__Try with "Modify stops of trades" and use SL as "Custom (price level)". The problem with this block is that TP must also be set.
The other way is "For each Trade -> modify stops"To detect when RSI is cerian level, use "Condition"
In "Trailing stop (each trade)" there is an option for "Trailing Stop is..." that is "Custom (level)"[/quote
moudxdb]I can't get it to work, am I missing something?
https://fxdreema.com/shared/HH602P69c
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Maybe I did not understood the question before...
To close trades at any time, use "Close trades" block. Of course, this block should not run all the time, so you can use some Condition or something else BEFORE. There is no any reason to have Condition blocks at the end, because blocks run one after another.
So, if RSI > 30 => Close trades. If this is what you want...
RSI has values between 0 and 100. I don't think that this indicator can be used for Trailing stop. You can use any indicator that has values like Moving average (price values), but from 0 to 100... why...