Description
This week we decided to update our RSI-VWAP strategy on the 15 min time frame for ETH-Perpetual. The original idea was taken from XaviZI. We added partial take profits, the Relative volatility index (RVI) that will determine the entry and exit points only when the volatility will start to increase, and Money Flow index as an additional point for entry.
You will find the strategy code here: RSI-VWAP
IMPORTANT
Input Partial take profits in your WunderTrading Bot settings
This is a trend strategy and works better in the trending market
We added the trend identifier using the EMA and SMA interaction
We added Take profit and stop loss levels
We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
RVI for the entry conditions
MFI was added for the additional entries.
Partial Take-profits
Settings
Applicable to FTX: ETH-PERP 15 min
Input | Value |
Period | 20 |
RVI Period | 100 |
RVI Benchmark | 20 |
MFI Length | 11 |
MFI Lower Level | 24 |
MFI Higher Level | 85 |
RSI-VWAP LENGTH LONG | 25 |
RSI-VWAP OVERSOLD LONG | 15 |
RSI-VWAP OVERBOUGHT LONG | 80 |
RSI-VWAP LENGTH SHORT | 25 |
RSI-VWAP OVERSOLD SHORT | 10 |
RSI-VWAP OVERBOUGHT SHORT | 70 |
Long Take Profit 1% | 4 |
Long Take Profit 1 Qty | 15 |
Long Take Profit 2% | 12 |
Long Take Profit 2 Qty | 100 |
Long Stop Loss % | 3.3 |
Short Take Profit 1% | 3.2 |
Short Take Profit 1 Qty | 20 |
Short Take Profit 2% | 5.5 |
Short Take Profit 2Qty | 100 |
Short Stop Loss | 3.2 |
TradingView Strategy Script Code
You can copy this code and paste it into your TradingView.