Mean reversion M5H1
Hello,
I am looking to set up the CP ea for a simple mean reversion strategy.
Strategy :
Sell : H1 - RSI > 75 + M5 - EMA 9 and price crossover
Buy : H1 - RSI < 25 + M5 - EMA 9 and price crossover
Extra positions : Put extra positions as a percentage of ADR (10 day), for this one I would like to go in when price has moved 0.75% of an ADR
Drawdown control : Take 0.3 % of the first position when price has moved 1 ADR away
Take profit : Half an ADR (10 day) of the pair
Stop loss : none
I have set up a testing set in which I have fixed manually the parameters that require ADR as I couldn't figure out how to incorporate that. I would like to make it such that for every instrument I test it on, the ADR calculations are done according to the pair.
I would appreciate if someone can incorporate ADR (also not sure which ADR indicator to use) for this set or just a suggestion as how to incorporate that.
Thank you!
Nevermind, having similar results with ATR.