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OztheWoz
12 wrz 2021 20:39

RSI Centered Pivots 

Opis

Just a simple RSI central pivot strategy I made for a friend.
Backtested on BYBIT:BTCUSD, 155m.

DISCLAIMER: Please do your own research into anything you use before using it to trade.

Informacje o Wersji

Updated backtesting with a different RSI length.

Informacje o Wersji

Added alerts, simply comment out the strategy conditions, and comment back in the alert conditions and study function.
Komentarze
vacalo69
Hi thanks so much very nice work - possible to please add possibility to turn on/off custom SL? Drawdown is a bit scary :) Thanks in advance!
liuqiba
This strategy is same as keep coin all time.
OztheWoz
@liuqiba, If you change the timeframe and conditions, the profit factor goes down, but it turns into more of a consistent trading bot.
DanSprin24
Why do the fractals show up late on things like us30?
OztheWoz
@DanSprin24, Fractals are a lagging indicator, so they take some time to form. Usually you want to use fractals in conjunction with something else to help confirm a significant fractal.
cuteCode85350
Thanks for uploading this , could you please help me to understand what is this strategy doing ?
OztheWoz
@cuteCode85350, this strategy is entering into a trade when an RSI central pivot of 2 bars in either direction is confirmed (look up ‘RSI’ and ‘fractals’ to learn more). Then it is selling when your reach the overbought condition of RSI (which is rsi >= 80).

Simply: buy on RSI fractal, sell on RSI overbought.
cuteCode85350
@OztheWoz, Thank you very much for the explanation , this is very good strategy . I noticed that script is not using fractdn.
OztheWoz
@cuteCode85350, That is correct. This is because the strategy I have set up is long only based on the above coniditions.
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