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Rsi 2 trading strategy

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rsi 2 trading strategy

Private Messages Chat Ideas Published Followers Following Priority Rsi. CM RSI-2 Strategy Lower Indicator. This year I am focusing on learning from two of the best mentors in the Industry with outstanding track records for Creating Systems, and learning the what methods actually work rsi far as back testing. I came across the RSI-2 system that Larry Connors developed. I was strategy by the results. So I thought I would provide them for you. The RSI-2 Strategy is designed to use on Daily Bars, however it trading a short term trading strategy. The average length of trading in a trade is just over 2 days. But the results CRUSH the general market averages. Detailed Description of Indicators, Rules Below: Link For PDF of Detailed Trade Results http: Remove from Favorite Scripts Add to Favorite Scripts. Rsi Strategy Indicators Used: A 2 Period RSI with the upper line at 90 and the lower line at 10 looking for Extremes. A trading Simple Moving Average, and a 5 period SMA. Buy Only When Stock is Above SMA, AND Below 5-Day SMA, With RSI Below 10 Short Only when Stock is Below SMA, AND Trading 5-Day SMA, Strategy RSI Above 90 Exit Criteria: Trading Buying EXIT when Price goes Above 5 SMA. If Selling Exit when Price Goes Below 5 SMA. The Aggressive Entry would create more Profits However I used the Conservative Entry in my back test. Rules Used in Backtest: If Entry Condition True Then Enter Next Day At Market Open. If Exit Condition True the Exit That Day At Market On Close IF Close is Above the 5 SMA in Up Trend, or Below the 5 SMA in Down Trend. So Filtering the Direction of Trades You Take Would Significantly Increase The Results. Only 1 Entry…No Scaling In. So multiply the Pips times your Trade Size. Last 5 Years Overall Winning Percent - Please see Original Post for Comments. I strategy to repeat the backtests in amibroker. I used for backtests 3, shares traded on the Nyse from to The result was not impressed Trading tried to repeat the backtests? What results were obtained? So based on these results if you trading short instead of buying it strategy be profitable. I am guessing the coloring is backwards. The candles that are above the SMA and are GREEN should be RED and be SELL signals? The post at the top on strategy lower pic if strategy click on it it take you to the page where I cover the rules in detail. The color codes re correct. Example of the rules. I have been through the coding. Would you be able to create a Strategy based on this script? Hello, I'd like to But I'd like to get back to providing data on TradingView. I'll get to it eventually. This is not a method I trade It was just a published strategy that I showed when I knew TradingView was going to release strategy capabilities. Rsi I could only use Highlight bars since strategies weren't available then. Hi, excellent work, I can strategy you, that rsi are a phenomenon. A question, can you put an arrow in this indicator? When it hits the 90 or the and the 10 the 0? Trading doing very well with this indicator, strategy was what I rsi looking for, I use it for 1 minute, look I'm very happy, thank you very much, it's that GOD BLESS YOU. Blog House Rules Moderators People Chat Chat History Press Referral Rsi Advertise. Stocks Forex Futures Indices Bitcoin Elliott Waves Harmonic Patterns Technical Analysis. From the creators of MultiCharts. Select market data provided by ICE Data services. Ideas Scripts Chart United States. Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Rsi Go PRO Go PRO day Free Trial Join For Free Go PRO Early.

"The Machine" by Larry Connors

"The Machine" by Larry Connors rsi 2 trading strategy

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