RLW strategy

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Re: RLW strategy

Postby Apprentice » Sun Sep 22, 2013 5:46 am

Open Long
RLW Cross Over Buy Level
Open Short
RLW Cross Under Sell Level
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Re: RLW strategy

Postby Apprentice » Sun Sep 22, 2013 6:35 am

RLW Strategy.png

Try this Version.

You can define two situations.
Separately for Entry and exit signals.

Generate signal on, out of the zone cross or in the zone cross.

Examples,

Entry - out of zone
Open Long
RLW cross over Buy Line
Open Short
RLW cross under Sell Line

Exit - in this zone
Exit Long
RLW crossover Sell Line
Exit Short
RLW cross under Buy Line

Entry - in this zone
Open Long
RLW cross under Buy Line
Open Short
RLW crossover Sell Line

Exit - out of zone
Exit Long
RLW cross under Sell Line
Exit Short
RLW cross over Buy Line

and so on...

RLW Strategy.lua
(18.42 KiB) Downloaded 474 times


Update 16.dec. 2015
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Re: RLW strategy

Postby Outside_The_Box » Sun Sep 22, 2013 4:29 pm

Awesome. No more missed entries for this guy. :mrgreen:

This is a great strategy when used properly. It's not a "set it and forget it" strategy though. You still need to identify market flow on the larger time frame and only trade in that direction, and actively manage the strategy. I have it set to only open one position, and then only after price has moved in my favor I will have it open one more on the next pull back, and so forth. This, coupled with chart patterns, price action at key levels, and wave analysis make for a pretty solid system.

Thanks again!
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Re: RLW strategy

Postby Outside_The_Box » Thu Sep 26, 2013 9:17 pm

I don't want to push my luck, but if someone could add the "with MA confirmation" feature (from page 3 of this thread) to this latest version, that would be epic.
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Re: RLW strategy

Postby Apprentice » Fri Sep 27, 2013 6:12 am

RLW Strategy MA confirmation.png


Entry - out of zone
Open Long
RLW cross over Buy Line
Open Short
RLW cross under Sell Line

Exit - in this zone
Exit Long
RLW crossover Sell Line
Exit Short
RLW cross under Buy Line

Entry - in this zone
Open Long
RLW cross under Buy Line
Open Short
RLW crossover Sell Line

Exit - out of zone
Exit Long
RLW cross under Sell Line
Exit Short
RLW cross over Buy Line

and so on...


MA confirmation of RLW Signal

Long
Price > MA1 (Optional)
Price > MA2 (Optional)
Price > MA3(Optional)

Short
and Price < MA1 (Optional)
and Price < MA2 (Optional)
and Price < MA3(Optional)


MA Exit (Optional)
Exit Long
Price < MA1 (Optional)
Price < MA2 (Optional)
Price < MA3 (Optional)
Exit Short
Price > MA1 (Optional)
Price > MA2 (Optional)
Price > MA3 (Optional)


RLW Strategy MA confirmation.lua
(25.21 KiB) Downloaded 440 times


Update 16.dec. 2015
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Re: RLW strategy

Postby Outside_The_Box » Fri Sep 27, 2013 3:28 pm

Thank you Apprentice. You rock. :D
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Re: RLW strategy

Postby pinimo » Wed Sep 17, 2014 11:18 am

Dear developers,
like other user reported I've a problem with multiple RLW strategy active at the same time: it seems that the strategy does not work simultaneously on several currencies.

Also during the backtest, if I select 2 currency pairs the strategy won't work, it doesn't open any position.

Thank you for your support.
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Re: RLW strategy

Postby Apprentice » Fri Sep 19, 2014 3:48 am

Strategy instance can only work one one currency pair.
For the second pair, you need to open second instance of strategy.
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Re: RLW strategy

Postby mikefx12 » Sat Dec 12, 2015 6:57 pm

Hi Apprentice,

Can you add Live/End of Turn to RLW Strategy? I believe this can help out a lot having this option.

Thanks!
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Re: RLW strategy

Postby Apprentice » Wed Dec 16, 2015 5:53 am

We have a number of strategies in this topic.
Can you identify strategys of interest to you.
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