Today I want to present you one of my favorite and simple trading bots: The RSI Trend. This bot is based on the RSI, which normally is used as a trend reversal indicator. However, here it’s used as a trend finding indicator, often with great success. This bot making long-only trades, which is quite successful in bull-markets like the one we’re currently in.
In case you want to use an emergency exit for your trade, toggle the Emergency Exit parameter. During bull-markets it’s better in the long term to keep this option off.
Currently the bot only makes one trade at a time (pyramiding = 1), for higher risk and higher rewards you can increase this parameter. More than 5 is not advised.
I’ve optimized this bot on 15min time frame. It has some decent results for most cryptos on this TF, feel free to test this out.
In case you want to hook this bot up to your exchange, feel free to edit the ALERT messages in the code.
Default Trading Rules: Long: RSI crosses over 35 Close Long: RSI crosses under 75 Emergency Exit: RSI crosses under 10
Hello
Thanks for sharing your very helpful strategy
one question
Do you know a way to trade this strategy roboticall and automatically in a crypt exchange?
Thanks
Enashka
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Hey man great work. I m trying to modify your script so that it only sells if the price is higher than the last buy.
Newbie here.
So I declare a new variable:
var lastBuy = 0.0
then I say:
if long
lastBuy := close
and I change one line to:
longclose = crossunder(rsi, RSIclose) and closed > lastBuy
1. does it make sense to you?
2. It still shows some closing above the last buy.
Any help would be super appreciated.
Thanks!
ARLX69
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@Enashka, im not sure if thats goning to work, how would you record the last buy?
Enashka
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@ARLX69, By creating the variable lastBuy and assigning the buy price to it each time it buys:
if long
lastBuy := close
jemsgsm
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Merci beaucoup, mais comme Ferighp, je suis 'comme une poule qui a trouvé un couteau"
Quelqu'un pour partager le fonctionnement de cet indicateur si apprécié please ?
yaphetsmurat
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Thx a lot fiery, i am not in premium group but u help all people
Jafar514
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I want to use it for trading bot but could not find any option of bot id and email token. could you please edit it? thank you