Good Mode RSI v2► Description:
"Good Mode RSI v2" is a powerful trading strategy designed to provide informed trading decisions. This script utilizes the popular RSI (Relative Strength Index) indicator to identify potential buying and selling opportunities in the market. It goes beyond the traditional use of RSI by incorporating carefully selected parameters to enhance its effectiveness. The strategy stands out for its customized combination of RSI levels and stop-loss/take-profit thresholds, allowing for precise trade entries and exits while effectively managing risk.
► How to Use:
To utilize the "Good Mode RSI v2" strategy, follow these steps:
1. Apply the script to your desired trading instrument and timeframe in TradingView.
2. Monitor the chart for trade signals generated by the strategy.
3. When the RSI reaches the sell level of 96, a sell signal is generated. Consider placing a sell order to take advantage of potential downward price movements.
4. take-profit level at 60 to secure profits in a strong downtrend.
5. When the RSI drops below the buy level of 4, a buy signal is generated. Consider placing a buy order to enter the market at a favorable price.
6. take-profit level at 30 to secure profits in a strong uptrend.
7. Monitor the RSI indicator on the chart to stay updated on its current value and anticipate potential trade signals.
Please note that trading decisions should be made based on a comprehensive analysis of multiple factors, including market conditions, trend analysis, and risk management. The "Good Mode RSI v2" strategy can serve as a valuable tool in your trading journey, but it should be used in conjunction with your own research and analysis.
► About it:
The "Good Mode RSI v2" strategy is not a mere replication or slight modification of existing strategies or indicators. It has been carefully crafted to provide traders with an original and purposeful approach to trading using the RSI indicator. The strategy's unique configuration of RSI levels and stop-loss/take-profit thresholds allows for improved performance and profitability. Backtesting results have shown impressive metrics, including a gain factor of 2.445 and a compelling profitability of 78.07% during the testing period.
► Referrals:
If you have any questions or need further assistance with the "Good Mode RSI v2" strategy, feel free to ask. Good luck with your trading endeavors!
Rsioversold
BTFD strategy [3min]Hello
I would like to introduce a very simple strategy to buy lows and sell with minimal profit
This strategy works very well in the markets when there is no clear trend and in other words, the trend going sideways
this strategy works very well for stable financial markets like spx500, nasdaq100 and dow jones 30
two indicators were used to determine the best time to enter the market:
volume + rsi values
volume is usually the number of stocks or contracts traded over a certain period of time. Thus, it is an important indicator of market activity and liquidity. Each transaction constitutes an individual exchange between the buyer and the seller and constitutes the trading volume of a given instrument or asset.
The RSI measures the strength of uptrends versus downtrends. The signal is the entry or exit of the indicator value of the oversold or overbought level of the market. It is assumed that a value below or equal 30 indicates an oversold level of the market, and an RSI value above or equal 70 indicates an overbought level.
the strategy uses a maximum of 5 market entries after each candle that meets the condition
uses 5 target point levels to close the position:
tp1= 0.4%
tp2= 0.6%
tp3= 0.8%
tp4= 1.0%
tp5= 1.2%
after reaching a given profit value, a piece of the position is cut off gradually, where tp5 closes 100% of the remaining position
each time you enter a position, a stop loss of 5.0% is set, which is quite a high value, however, when buying each, sometimes very active downward price movement, you need a lot of space for market decisions in which direction it wants to go
to determine the level of stop loss and target point I used a piece of code by RafaelZioni , here is the script from which a piece of code was taken
this strategy is used for automation, however, I would recommend brokers that have the lowest commission values when opening and closing positions, because the strategy generates very high commission costs
Enjoy and trade safe ;)
Oversold RSI with Tight Stop-Loss Strategy (by Coinrule)KRAKEN:LINKUSD
This is one of the best strategies that can be used to get familiar with technical indicators and start to include them in your rules on Coinrule .
ENTRY
1. This trading system uses the RSI (Relative Strength Index) to anticipate good points to enter positions. RSI is a technical indicator frequently used in trading. It works by measuring the speed and change of price movements to determine whether a coin is oversold (indicating a good entry point) or overbought (indicating a point of exit/entry for a short position). The RSI oscillates between 0 and 100 and is traditionally considered overbought when over 70 and oversold when below 30.
2. To pick the right moment to buy, the strategy enters a trade when the RSI falls below 30 indicating the coin is oversold and primed for a trend reversal.
EXIT
The strategy then exits the position when the price appreciates 7% from the point of entry. The position also maintains a tight stop-loss and closes the position if the price depreciates 1% from the entry price. The idea behind this is to cut your losing trades fast and let your winners ride.
The best time frame for this strategy based on our back testing data is the daily. Shorter time frames can also work well on certain coins, however in our experience, the daily works best. Feel free to experiment with this script and test it on a variety of your coins! With our back testing data a trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange by volume. In the example shown, this strategy made a handsome net profit of 52.6% on Chainlink with 66.67% of trades being profitable.
You can execute this strategy on your favorite exchanges with Coinrule .
Supertrend + RSI Strategy [Alose]This strategy combines the best of both indicators (Supertrend & RSI).
As we know, Supertrend is excellent at finding changes in the market trend and thus finding the best entries, however in my opinion it has a great weakness and it is that it does not know how to find the best exit point.
For this reason I decided to combine it with the RSI that we know usually knows the highest and lowest rebound points of the price, thus managing to find the best exit point for the strategy.
The best thing about combining these 2 indicators is that our trades will obtain better profits in less time.
LONG ENTRY
When SuperTrend changes its direction and it is less than 0.
LONG EXIT
There are two ways to close the trade:
When RSI is overbought, you can choose the "Overbought Level " inside the strategy settings (Default: 72).
When SuperTrend changes its direction and it is grater than 0.
SHORT ENTRY (You can enable short entries in strategy settings)
When SuperTrend changes its direction and it is grater than 0.
LONG EXIT
There are two ways to close the trade:
When RSI is oversold, you can choose the "Oversold Level " inside the strategy settings (Default: 28).
When SuperTrend changes its direction and it is less than 0.
Noro's BottomSensivity v0.6 strategy + rsi + AlarmThe original indicator is Noro's BottomSensivity v0.6
I simply turned noro's bottom sensibility 6.0 indicator, which I consider a great tool to find market bottom, into a strategy.
I also added an additional RSI filter with inputs that can be set by the user for entry and exit from the market.
I have tried to insert an alarm so that I can be notified when this particular purchase condition is formed.
I also tried to insert an additional filter that would allow me to make further pyramid purchases only after a certain percentage of drawdown from the first entry so as to reduce the average purchase price but I was not able ... if someone could implement this I would appreciate it.
Well..this is the first time that I try to program / modify a strategy / indicator, there are certainly some gross errors (as in my English too), please forgive me, I will appreciate the corrections that more experienced users will want to make.
I wish you all a good day, pfjons
QuantNomad - RSI Strategy - LTCUSDT - 5mReally nice performance of Simple RSI Strategy for LTCUSDT ( Binance ) 5m chart.
Params: RSI Length: 3, RSI OverSold level: 47, RSI OverBought Level: 56
Performance: 391% profit, 2400 trades, 42% prof, 14.6% dd , 0.65 sharpe.
I think this strategy can be a really nice base for a pretty good strategy. We have quite a lot of trades here you can add additional filters that will improve strategy a bit.
And remember:
Past performance does not guarantee future results.
QuantNomad - RSI Strategy - NKE - 5mReally good performance of Simple RSI Strategy for Nike (NKE) 5m chart.
Params: RSI Length: 30, RSI OverSold level: 45, RSI OverBought Level: 60
Performance:57% profit, 112 trades, 73% prof, 6.7% dd, 1.36 sharpe.
And remember:
Past performance does not guarantee future results.
Kozlod - RSI Strategy - 1 minute - ETHUSDTrying to find simple strategies with optimal parameters which work well for certain symbols/timeframe.
Found that basic RSI strategy without any position management works pretty good for 1m chart for BTCUSDT.
It might not work very good on it's not but can give you a pretty good base for more complicated indicators.
Also, some position management as simple as static SL and PT can improve performance quite a lot.
And remember:
Past performance does not guarantee future results.
Kozlod - RSI Strategy - 1 minuteStarted to play with very simple strategies. Trying to find ones with optimal parameters which work well for certain symbols/timeframe.
Found that basic RSI strategy without any position management with high RSI length (65 in this script) works pretty good for 1m chart for few stocks.
It's also not bad for AAPL , SPY .
It might not work very good on it's not but can give you a pretty good base for more complicated indicators.
And remember:
Past performance does not guarantee future results.
