RSI Threshold Crossings with Opposite-Signal Position Reversals
Summary
This expert-advisor strategy uses RSI threshold crossings to create trades. A buy signal occurs when RSI crosses upward through its lower level, while a sell signal occurs when it crosses downward through its upper level. Signals are checked only after a candle closes, with orders opened at the next candle’s open, which is intended to avoid reacting to temporary intrabar crossings. Position size is fixed, and stop-loss and take-profit levels can be configured.
When an opposite signal appears, the system generally closes positions in the current direction and opens one position in the other direction. There is an exception: a position with a stop loss is retained if closing it would produce a profit or breakeven, without accounting for swap. The description suggests this behavior can support trailing stops. It frames the robot as a research tool, not an unattended system. No RSI levels, tested markets, backtest results, or evidence of profitability are supplied, so the rules alone do not establish an edge.
Key ideas
- Buy when RSI crosses upward through its lower threshold and sell when it crosses downward through its upper threshold.
- Confirm signals at candle close and enter at the next candle’s open.
- An opposite signal generally closes positions in the current direction and opens one in the other direction.
- A position may remain open if its stop loss would close it at profit or breakeven, excluding swap.
- The document presents the system for research and gives no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.