Hobbiecode - RSI + Close previous day — Strategy by hobbiecode
By hobbiecode
Performance Metrics
- Author: hobbiecode
- Symbol: AMEX:SPY
- Timeframe: 1 day
- Net P&L: +336,350.00 USD (+3,364.37%)
- Win Rate: 70.9%
- Profit Factor: 1.768
- Max Drawdown: 57,740.00 USD (23.70%)
- Total Trades: 498
- Sharpe Ratio: 0.293
Description
This is a simple strategy that is working well on SPY but also well performing on Mini Futures SP500. The strategy is composed by the followin rules:1. If RSI(2) is less than 15, then enter at the close.2. Exit on close if today’s close is higher than yesterday’s high.If you backtest it on Mini Futures SP500 you will be able to track data from 1993. It is important to select D1 as timeframe.Please share any comment or idea below.Have a good trading,Ramón.