I posted some days ago but got no answer; however this system is powerfull yet simple: it scales in after the initial signal then exit quickly as soon as RSI(2) oberbought. Problem I struggle with the code below: I can see the multiple buy entry arrows on the chart but backtest will only take the initial signals. Please help with this - in return you will discover a very interesting system. Here we go:
The system is simple: - buy 10% of your position (for exempla, 100 shares) when RSI(2) is below 25 for 2 consecutive bars; close must be above the 200 EMA. - buy 20% of the position if, any time after the initial buy above, close < ref(close,-1) - buy 30% of the pôsition if, any time after the buy above, close < ref(close,-1) - buy 40% of the position if, any time after the buy above, close < ref(close,-1) You now own 1,000 shares. Don't buy anymore. Just wait and sell all when RSI(2 periods) rise above 70. Please see the code below and tell me what is wrong - I am struggling with this for days now as the backtest takes only the initial "10%" trade... bull= C> EMA(C,200) AND Sum(RSI(2)< 25==2; bear= C< EMA(C,200) AND Sum(RSI(2)>25==2; Buy=0; Short= 0; Sell= Cross(RSI(2),70) ; Cover=Cross(70,RSI(2)) ; bull200= C<Ref(C,-1) AND BarsSince(Bull)<BarsSince(Sell) AND Ref(Sum(Bull,BarsSince(Sell)),-1)==1; bear200= C>Ref(C,-1) AND BarsSince(bear)<BarsSince(Cover) AND Ref(Sum(bear,BarsSince(Cover)),-1)==1; bull300= C<Ref(C,-1) AND Ref(Sum(Bull200,BarsSince(Sell)),-1)==1 ; bear300= C>Ref(C,-1) AND Ref(Sum(bear200,BarsSince(Cover)),-1)==1 ; bull400= C<Ref(C,-1) AND Ref(Sum(Bull300,BarsSince(Sell)),-1)==1 ; bear400= C>Ref(C,-1) AND Ref(Sum(bear300,BarsSince(Cover)),-1)==1 ; SetPositionSize(IIf(Sum(Buy,BarsSince(Sell))==1, 100,IIf(Sum(Buy,BarsSince(Sell))==2,200,IIf(Sum(Buy,BarsSince(Sell))==3,300,IIf(Sum(Buy,BarsSince(Sell))==4,400,Null)))),4); SetPositionSize(IIf(Sum(Short,BarsSince(Sell))==1, 100,IIf(Sum(Short,BarsSince(Sell))==2,200,IIf(Sum(Short,BarsSince(Sell))==3,300,IIf(Sum(Short,BarsSince(Sell))==4,400,Null)))),4); Buy= IIf(Sum(Bull,BarsSince(Sell))<4 AND Sum(Bull200,BarsSince(Sell))<4 AND Sum(Bull300,BarsSince(Sell))<4 AND Sum(Bull400,BarsSince(Sell))<4 ,bull OR bull200 OR bull300 OR bull400,Null); Short= IIf(Sum(Bear,BarsSince(Sell))<4 AND Sum(Bear200,BarsSince(Sell))<4 AND Sum(Bear300,BarsSince(Sell))<4 AND Sum(Bear400,BarsSince(Sell))<4,bear OR bear200 OR bear300 OR bear400, Null); Sell=ExRem(Sell,Buy); Cover=ExRem(Cover,Short); PlotShapes(Buy*shapeUpArrow,colorBlue,0,L,-10); PlotShapes(Short*shapeDownArrow,colorRed,0,H,-10); PlotShapes(Sell*shapeSmallCircle,colorBlue,0,H,10); PlotShapes(Cover*shapeSmallCircle,colorRed,0,L,-10); Thanks, Carl
