Substituting RSI for ConnersRSI

[arcadianskies]

Help would be greatly appreciated in getting the following to work:
I’m using the S&P 500 Trading with ConnersRSI template as a guide.
Criteria to use:
1. Setup using a 2 period RSI < X instead of ConnersRSI.
2. Enter on next day on a limit of Y% below yesterday’s close.
3. Ignore the daily range criterion.
4. Exit on a close of ConnersRSI > Z.
Thanks in advance,
Paul

[frank29]

if you have access to the
2-Period RSI Pullback Trading templete, you can use that and modify that as you wish. That templete does not use connorsrsi, just regular 2 period rsi

[arcadianskies]

Thank you Frank.

I want to enter using a 2-period RSI on the setup and exit using ConnersRSI. Is there an easy way to change this one parameter in a template? Perhaps if someone can point me to to an example I can figure it out. I've been looking and so far I'm not making much progress in making this change. Thanks.

[Chris White]

Hi Paul,

To change the parameters in a template the first thing you need to do is copy the template from the EdgeClub\System folder to one level higher up, eg copy
from:
{Documents}\EdgeRater\EdgeClub\System\SP500CRSI_Signals.xlsx
to:
{Documents}\EdgeRater\EdgeClub\MyVariation_SP500Signals.xlsx

The reason for copying this file is the system folder is updated by the system during an update and all files in there are fair game to be deleted and updated. Of course you can call the file anything you like as long as it has the .xlsx extension. I just chose a name in the example above so that you can distinguish it when browsing the file system.
Any file that you copy to the {Documents}\EdgeClub folder will appear under your 'My Templates' category in the program, however the name of the template does not come from the filename, it comes from the Parameters sheet in the file, so you might want to open the file in Excel and change the name within the parameters sheet.

templatenamechange.png (70.54 KiB) Viewed 24541 times

Once you do that you will need to restart EdgeRater in order for it to appear in the Templates pane.

templatenameinpane.png (54.96 KiB) Viewed 24541 times

Now you are in a good state for editing the template. Use Excel for editing and from this point on you don’t need to restart EdgeRater in order for your changes to be picked up. You just need to save the template from within Excel.

We are looking at a ‘Signals’ template and so go to the ‘System’ tab and look for cells that have a named range starting with ERF_. Cells named ERF_* point out scripts that should be run by EdgeRater and here you can see ERF_ refers to the cells F4:H4 which contain script names and parameter values.

templatenamedrange.png (59.52 KiB) Viewed 24541 times

You can locate the script in the ‘Security Chart’ tab on the right hand side in the script library. I’ve highlighted the script here:

Whenever you change a script and save it, it appears in the ‘My Scripts’ category and you must reference it from a template with the ‘My.’ prefix.
For example, I’ll re-save the above script as SP500Modified_state

templatescriptmyscripts.png (29.33 KiB) Viewed 24541 times

Now, I’ll change the template to refer to that script:

templatemodifedname.png (45.78 KiB) Viewed 24541 times

I can now run this template and it will call the modified script. I am free to change the code in the script as desired.

[arcadianskies]

Chris,
Thank you for your helpful response. I’m now better able to understand the logic by following your example. I’m having trouble transferring that logic in creating a trade simulation using the criteria of S&P 500 Trading with CRSI. Could you please explain how to do this along with substituting Wilder’s RSI for CRSI on the entry? I understand how busy you are, so whenever you can help will be great.
Thank you,
Paul