3. Beginer help / Simple RSI strategy
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Beginer help / Simple RSI strategy

  • M

    Hello,

    Very beginner question, I wanted to build a very simple RSI strategy which is long/short. In other words, it does reversals so we are always in position. Can anyone guide me how to begin, so far I'm able to do long-only strategy but struggling with coding reversal logic

    class RSIStrategy(bt.Strategy):

    def __init__(self):
    self.rsi = bt.indicators.RSI_SMA(self.data.close, period=14)

def next(self):
    if not self.position:
        if self.rsi < 30:
            self.buy(size=100)
    else:
        if self.rsi > 70:
            self.sell(size=100)
    0
  • B
    administrators

    Instead of sell when you are in the market, use close (which obviously closes the existing position)

    And use the < 30 and > 70 comparisons as the entry points if you are not in the market.

    0