Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Simple Smoothed RSI Crossover Strategy

43 sec read

Nifty Daily Charts with Smoothed RSI crossover Signals
Nifty Daily Charts

 
Here is the simple smoothed RSI crossover Long only strategy can be practiced on higher timeframes especially with daily timeframe with controlled risk. It catches the big trends and gets little losses during sideways movement with a descent amount of winning ratio. Strategy suits for Nifty and Bank Nifty future traders willing to take positional trades based on EOD chart.

Buy or Sell Rules
1)Buy on Positive Smoothed RSI crossover.(indicated by Green Arrow)
2)Exit on Negative Smoothed RSI crossover.(indicated by Red Arrow)

It is recommended to take Buy or Long Exit decision should be taken close to EOD (between 3:20p.m-3.30p.m). To take decision on the next day after the signal settradedelays(1,1,1,1) should be defined in the afl code.

Recommended Timeframe
Daily – Long and Exit Strategy

StopLoss
Preferred static Stoploss(intraday Exit Stop) is 2.5*ATR of the close price.

Backtested Results (Nifty Futures EOD-timeframe)

Backtesting done for the 14years of nifty futures with Initial Capital of Rs2,00,000 , 2 lots of fixed nifty lot size with Rs100/leg brokerage included.

Backtested Results

Equity Curve
Portfolio Equity

Drawdown Curve
Drawdown

Profit Table
Profit Table

Download Smoothed RSI Strategy- Backtested Results

Smoothed RSI Crossover Strategy – Amibroker AFL code

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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9 Replies to “Simple Smoothed RSI Crossover Strategy”

  1. Can you please send me an e-mail regarding how to get amibroker software ? what is procedure? What are subscription charges ? I am from Ahmedabad,Gujarat so is there any of your vendor or associate who can help me to learn this charting and AFL ? Please reply.

    1. 1)Download the ZIP file(you can find at the end of the article) and unzip it
      2)And now copy the afl file and paste it to amibroker\formulas\basic folder and now apply the indicator from amibroker charts section.

    1. I see that you have a MDD column in the Profit table. How do you modify the default profit table which does not seem to have the Max DD?

      Thanks.

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