Multi-Condition strategy
Author: Salemali83
Creation Date: 2/28/2013 3:08 AM
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Salemali83

#1
Can any one help me on how to combine Stochastic and RSI by using New Strategy by Rule?
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Cone

#2
How do you want to combine them?

There are really only 3 options:

1. Rules that are "stacked" are implicitly ANDed, so both conditions have to be true on precisely the same bar for the entire condition to be true.

2. You can separate rules with the OR divider (at the top of the Condition list), which applies a logical OR to conditions.

3. Finally, there's a Multi-Condition (MC) group option. This allows you to create conditions that will trigger if any of the conditions in the group have triggered within a specified lookback period. Please see the User Guide > Strategy Window > Strategy Builder > MC topic. If you think this is what you need and have specific questions about it, feel free to ask.
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Salemali83

#3
Thank you cone it is number one which is if both conditions are have to be true in order to enter or exist. The problem is I cannot combine by using AND and MC Group I have read the User Guide many times but it does not explain enough

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Eugene

#4
When you have a problem, please explain it clearly. Describe precisely how you want the rules to be combined, which steps have been taken, and what exactly you think is not working. Possibly attach a screenshot to illustrate where you're at with your Rule-based strategy.
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Salemali83

#5
If Stochastic and RSI are true then Buy or Sell at market otherwise do not enter

Buy at Market
(Occurs when the Stochastic %K crosses above the oversold level. Or Occurs when the Stochastic %D crosses above the oversold level. Or Occurs when the Stochastic %K indicator is above the Stochastic %D indicator. ) And (Occurs when the RSI crosses below oversold level)


Sell at Market
(Occurs when the Stochastic %K crosses below the overbought level. Or Occurs when the Stochastic %K indicator is below the Stochastic %D indicator. Or Occurs when the Stochastic %D crosses below the overbought level.) And (Occurs when the RSI crosses below overbought level)
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Eugene

#6
Here's how:

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Salemali83

#7
Thank you Eugene

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Eugene

#8
To anybody interested in MC Groups. Check out our tutorial video on Youtube:

Wealth-Lab 101: Strategy Builder Multi-Condition Groups
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