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You are here: Home / Amibroker / Simple Smoothed RSI Crossover Strategy

Simple Smoothed RSI Crossover Strategy

August 5, 2014 by Rajandran 9 Comments

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

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Filed Under: Amibroker Tagged With: AFL Code, Amibroker, Smoothed RSI Crossover, Trading Strategy

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. chirag says

    August 5, 2014 at 10:24 pm

    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.

    Reply
    • Rajandran R says

      August 7, 2014 at 7:49 am

      Currently the only way to purchase Amibroker is goto amibroker website and place your online orders there. Apart from that if you are looking for data service assistance kindly check with my support team. More details here https://www.marketcalls.in/services/globaldatafeeds

      Reply
  2. ajaz says

    August 6, 2014 at 1:12 pm

    how to open the AFL file …, and how to use in Ambibroker…

    Reply
    • Rajandran R says

      August 7, 2014 at 7:46 am

      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.

      Reply
  3. Nehal Suthar says

    August 18, 2014 at 9:24 am

    charts on your option page is disappeared. please check.

    https://www.marketcalls.in/options

    Reply
    • Rajandran R says

      August 18, 2014 at 11:34 am

      Hi,

      Checkout now. Its working fine. Clear your cache and check.

      Reply
  4. UDAY says

    September 28, 2014 at 5:10 pm

    afl

    Reply
    • Srinivasan says

      November 16, 2014 at 2:52 am

      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.

      Reply
      • Rajandran R says

        November 16, 2014 at 3:36 pm

        Try this procedure to replace your Profit Table AFL code
        https://www.marketcalls.in/amibroker/profit-table-afl-code-yearly-max-drawdown.html

        Reply

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