Dear fellow vjforexers and the support team,

I am learning to use "assign" to control trade. In the attached simple RSI example, a position is to open only one at a time.
Short: when RSI => 70 (to close when price reaches 30)
Long: when RSI <= 30 (to close when price reaches 70)

The below pic is a correct behaviour:


To tackle the divergence issues, I try to assign some sort of a filter.
After a short position is opened, RSI goes back towards 30. Before reaching 30 and if it comes back to 70 after passing through 60, the position is to be closed. Somehow I could not create the intended filter and ended up created multiple positions like below.


My attachments exceed the limit... so will attach the vfs in the next post.

Many thanks,

Here comes the vfs.

Hi everyone out there..
Any help on this? I tried a number of variations and it does not work yet.
Thanks

Greetings.

It's not realy clear about divergense filter. Can you provide formulas, and I'll try to fix it.

Hi Vadim,
Many thanks for your pledge to rescue my mess!


Buy when RSI => 70
Close the position when RSI <= 30 (take profit)

In case, the following two conditions take place before the price reaches the take profit point, <= 30, the position is to be closed. There are two conditions to meet before closing and taking the loss.

First Condition: the price has to touch a defined marker, in my example RSI = 60
Second Condition: the price has to touch back the overbought line, RSI = 70 (this will happen after the price passing through RSI 60 and will go back to 70 without reaching 30, a kind of U-turn)



Similarly,
Sell when RSI <= 30
Close the position when RSI => 70

Another situation to close a position.
First Condition: price touched a marker RSI = 40
Second Condition: price touches back the oversold line, RSI = 30
Both conditions are to be met for a position closure.


Not sure if I explained it well. Please let me know if you need more clarifications. and thankssssss

Now I get it.
But you will face next wired situation:
RSI crosses 70 => Open Sell Position
RSI crosses 60 and goes back above 70 => Close Sell Position
BUT in this situation another Sell position has to be opened.
So strategy will Close and Open sell position at one moment. Do you need it?

Hi Vadim,
Yes, it is a desirable action. For me, what is important is to learn to assign a number of conditions and to generate trade signal based on those conditions.

On a separate note, I wonder if there is a pdf version of Visual JForex user guide so that I can print and digest on my bed ;D. It's kind of hard to click and browse through the current online version for me.

Thanks,
m

Hello Vadim,
I know you have been busy entertaining Gonzalez and others...
Would be very glad if you can guide me through my little problem
Thanks..

Sorry for delay.
Tomorrow I'll create it from zero.

OK. To check if 40 and 60 levels were touched I used Boolean variables with bunch of IF blocks.
Here what we got:
download/file.php?mode=view&id=4797
It works with one little problem. You'll see it on test chart. Dont know how to fix it yet.

Lovely! Never thought of using the shift that way... Can't wait to test it tonight..
Thankssssssss,