Description
Supertrend is used for trend direction and trades are triggered by RSI oversold and overbought thresholds.
Sell positions are entered if price is overbought in a downtrend
Buy positions are entered if price is oversold in uptrend
To control number of trades taken at any given time, minimum distance between trades can be set as well as maximum simultaneous trades.
All necessary money management features are included:
stop loss, take profit, lot size, max spread, max gap, breakeven, trailing stop loss.
Check the features file on this link
Purchase and instant automatic delivery (by email) of the algo with source code, on this link
Several backtest results indicate that it is better to disable breakeven and disable trailing stop loss to avoid stop loss hunting and thus have higher profit.
Following test is for GBPUSD 10 minutes timeframe, 1% risk of balance, 1:3 risk-reward ratio, 20 pips SL, IC Markets broker, with backtest data setting (m1 bars from server - open prices)
Upon request by contacting on telegram , a one-time free optimization will be done for you.
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using cAlgo.API;
using cAlgo.API.Collections;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo.Robots
{
[Robot(AccessRights = AccessRights.None)]
public class SupertrendRSI : Robot
{
[Parameter(DefaultValue = "https://payhip.com/fxdons")]
public string website { get; set; }
protected override void OnStart()
{
// buy the bot on https://payhip.com/fxdons
// contact on telegram : t.me/aranarth1
}
}
}
grandom
Joined on 17.06.2022
- Distribution: Paid
- Language: C#
- Trading platform: cTrader Automate
- File name: Supertrend & RSI.algo
- Rating: 0
- Installs: 146
- Modified: 19/06/2023 16:51
