Risk Management In Trading (Amibroker Code)

The original article can be found here.

The logic in plain English:

• We buy S&P 500 when the 3-day RSI is below 20,
• We sell S&P 500 when the 3-day RSI is above 60.

Amibroker code:

setOption("holdminbars",1);

Buy = RSI(3)<20 ;
BuyPrice=Close;
Sell = RSI(3)>60 ;
SellPrice=Close;

ApplyStop(stopTypeLoss,stopModePoint,ATR(10)*2,1);