Lot sizes based on RSI levels???
-
How would i create it that custom lot sizes are taken based on RSi level when conditions are met for a trade so for example in buy trades
If buy trade conditions are met at RSI levels...
Between 20-30 RSI use X lot/percent size
Above 50 use Y lot/percent size
Above 70 use Z lot/percent size -
You need to use three separate 'buy now' blocks, one for each lot size. Then, on top of each block you need to use the condition blocks specifying those RSI limits.
-
@l-andorrà Ok thank you, should all the trees be connected to the same No trade block at the top or have three separate?
-
They can all be connected to 1, is about if you only want these actions to happen if there is 0 trades
-
Hi there! To adjust the lot size based on the RSI level when buy trade conditions are met, follow these steps:
Calculate the RSI value for the current timeframe using the Relative Strength Index (RSI) indicator.
Determine the appropriate lot size to use based on the RSI level:
For RSI levels between 20-30, use lot size X.
For RSI levels above 50, use lot size Y.
For RSI levels above 70, use lot size Z.
Open the buy order with the calculated lot size.
