RSI At the candle open of the day
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Please I need make EA from this strategy
CONDITION FOR SELL ORDER
At the candle open of the day (at any time frame) according to Broker server time.
if price goes bearish
RSI (9) and Stochastic Oscillator (5, 3, 3) both cross below 50 line
CLOSE ON OPPOSITE SIGNALS or when RSI (9) crosses above 50 lineCONDITION FOR BUY ORDER
At the candle open of the day (at any time frame) according to Broker server time.
If price goes bullish
RSI (9) and Stochastic Oscillator (5, 3, 3) and both cross above 50 line
CLOSE ON OPPOSITE SIGNALS or when RSI (9) crosses below 50 line
add TRADE MANAGEMENT, MONEY MANAGEMENT to it ? -
More detail would be appreciated.
- What does 'if price goes bearish' exactly mean?
- What kind of line is the '50 line'?
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@l-andorrà '50 line' imagine it means drawing a line at 50 in the RSI indicator and the signal is crosses above or below line. And bearish a candle bearish opening, imagine open a sell order to continue the trend
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@l-andorrà when price is bearish and lower than the open price of the day, RSI (9) cross 50 value or line ,market should sell
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Ok. Now I understand that 50 line part. Now I need more details about what does 'Price goes bearish' mean. The EA need detailed information to define that condition. How would you define it?