Closing with RSI
  #1 (permalink)  
Old 08-17-2005, 04:34 AM
Sophomore
 
Join Date: Jul 2005
Posts: 61
Thanks: 8
Thanked 20 Times in 9 Posts
TurboTrader24 is a jewel in the roughTurboTrader24 is a jewel in the roughTurboTrader24 is a jewel in the roughTurboTrader24 is a jewel in the rough
Question Closing with RSI

For some reason, I can't figure out this simple logic, I think I must have been hit on the head too many times. I want to close with the RSI. Shure could use some help.

I have set this logic up, but it doesn't work
close logics

and rsi[5] Current > 50
or rsi[5] current < 50

What I am after is, close trades when on buy, if rsi goes below 50 close trade.

On sell if rsi goes above 50 close trade.

TurboTrader

Hey Scorpion, InterbankFX has just released a new forum, do you want me to add ZeroCode to there forum???

Here is the forum, I removed the url to the forum, pm me if your are interested and I will send you the url......I don't want you to think I was trying to promote another forum off yours. sorry

Last edited by TurboTrader24 : 08-18-2005 at 03:43 AM.
Reply With Quote
  #2 (permalink)  
Old 09-07-2005, 03:50 AM
gazuz's Avatar
Senior Trader and Moderat
 
Join Date: Aug 2004
Posts: 768
Thanks: 1
Thanked 8 Times in 5 Posts
gazuz is a name known to allgazuz is a name known to allgazuz is a name known to allgazuz is a name known to allgazuz is a name known to allgazuz is a name known to all
Default

Hmm this looks like your saying if its under 50 or over current it closes... Are you trying to say that if the RSI is not 50 then it closes the logic? You might want to check that. If your strategy is a scalper (always has a trade open) then you might not need to use a close, it will close automatically with just another trade. Unless I am wrong, I think ZeroCode doesnt open any new trades unless all trades are closed. You might want to PM scorpion about that actually, this is now starting to worry me...
__________________
____________________________\¦/
___________________________(ò ó)
______________________o0o___(_)___o0o__
___¦_____¦_____¦_____¦_____¦_____¦_____¦
¦_____¦_____¦_____¦_____¦_____¦_____¦__
___¦_____¦_____¦_____¦_____¦_____¦_____¦
¦_____¦_____¦_____¦_____¦_____¦_____¦__
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Closing trades at end of candle TraderSeven MetaTrader and ZeroCode 2 09-22-2005 02:53 PM
RE: RSI in ZeroCode ????? TurboTrader24 MetaTrader and ZeroCode 9 08-04-2005 03:28 AM
RSI - MQL II Indicator Statement Problem Dave77 MetaTrader and ZeroCode 2 07-16-2005 11:33 PM
Closing Pending Orders Rastarr MetaTrader and ZeroCode 0 06-07-2005 11:52 PM


All times are GMT. The time now is 04:03 AM.
Powered by vBulletin Version 3.6.2
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now

Main Menu

Economic Forecast