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difficulty opening based on RSI value
hydrolyzer
 Post subject: difficulty opening based on RSI value Post rating: 0   New post Posted: Wed 22 Apr, 2015, 11:13 
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Joined: Tue 21 Apr, 2015, 14:42
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Hi,

I'm trying to make a strategy that opens buy orders based on the value of RSI. Here are the blocks:

Image

All I've found by way of guides on how to use RSI is pictures of it in other peoples strategy, so its very likely I've possibly just screwed something up in the block. What I want is for when the value of RSI goes over 80, to open a buy order. At the moment this doesn't happen:

Image

Moreover the strategy makes buy orders when the RSI isn't anywhere near 80, I'll include this in the next post as I'm at my limit.

What is it thats going wrong? It's like its just randomly opening orders. Is there a way to see what value is being fed to the strategy? why is it not the same value displayed on the chart?


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rsibuyvis.PNG [73.96 KiB]
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amine_chourou
 Post subject: Re: difficulty opening based on RSI value Post rating: 0   New post Posted: Thu 16 Jul, 2015, 16:25 
Visual JForex expert at Dukascopy
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Joined: Thu 18 Apr, 2013, 09:26
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Location: Switzerland, Geneva
Hi
Very sorry for the late answer.
The mistake is the following:
Your strategy is plugged to tick start therefore the RSI indicator is built on tick basis and you are checking a candle chart (candle = a given trading period used)
To see a buy order triggered, you have to subscribe to a trading period and plug your strategy to candle start point OR
display a tick chart and check if the strategy opens orders if the RSI crosses the requested level of 80

Thanks !
 
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