RSI Strategy With TP/SL

14시간 전

This Pine Script™ strategy combines RSI-based entries with automated Take Profit (TP) and Stop Loss (SL) levels to manage risk effectively. The strategy is designed to enter trades based on the Relative Strength Index (RSI) signals, allowing traders to choose between long-only, short-only, or both directions. Positions are entered when RSI conditions are met, with customizable parameters for RSI length, buy/sell thresholds, take profit, and stop loss percentages.

A notable feature is the comprehensive monthly performance table from MAURYA_ALGO_TRADER, helping traders visualize their profit/loss over time. Alerts are integrated to notify traders of buy and sell opportunities, as well as TP/SL triggers. This strategy is suitable for traders looking for automated entries with a clear risk management approach, accompanied by helpful monthly performance tracking.