Hi,
Sorry if this has been asked before, but I couldn't find an answer.
Basically I would like to both scale in and out.
This is just an example.
If RSI < 20, buy 1 position (near/at close of bar)
If RSI < 10, buy 2 positions (near/at close of bar)
If RSI < 5, buy 5 positions (near/at close of bar)
If RSI > 80, sell 1 position (near/at close of bar)
If RSI > 90, sell 2 position (near/at close of bar)
If RSI > 95, sell 5 position (near/at close of bar)
Well you get the idea. Is this possible in Building blocks?
I have the Powerpack and Candlesticks extension currently.
Cheers.
Sorry if this has been asked before, but I couldn't find an answer.
Basically I would like to both scale in and out.
This is just an example.
If RSI < 20, buy 1 position (near/at close of bar)
If RSI < 10, buy 2 positions (near/at close of bar)
If RSI < 5, buy 5 positions (near/at close of bar)
If RSI > 80, sell 1 position (near/at close of bar)
If RSI > 90, sell 2 position (near/at close of bar)
If RSI > 95, sell 5 position (near/at close of bar)
Well you get the idea. Is this possible in Building blocks?
I have the Powerpack and Candlesticks extension currently.
Cheers.
Rename
Yes, let's keep it simple for now and say we'll buy the next bar at market open which is WL's standard. We can change it later to buy at close but it requires a few things in Power Pack.
You can use any number of entries, here I just implement the first 3 positions. Follow the same pattern for the remaining 3 positions. You can use one Exit Block to pair with all of the Entry Blocks directly above it, so I only needed the one Exit Block to pair with Entries #2 and #3.
You can use any number of entries, here I just implement the first 3 positions. Follow the same pattern for the remaining 3 positions. You can use one Exit Block to pair with all of the Entry Blocks directly above it, so I only needed the one Exit Block to pair with Entries #2 and #3.
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