Can i have a set with certain condition but no position taken. I just want to initialize a runtime variable on certain condition without taking ay position. Is it possible ? My logic is as below:
Condition: if EMA 8 crosses EMA 20 upside, initialize var1 = 1. No position taken.
Exit: if var1 = 1 then exit
Condition: If var1 = 1 and RSI > 70 then take a trade.
Exit: if EMA8 crosses EMA 20 downside. Initialize var1 = 0.
I tried this but no trade was taken in back testing.
Could anybody please advise how to achieve this. Thank you !