Hobbiecode - Five Day Low RSI Strategy by hobbiecode
By hobbiecode
Performance Metrics
- Author: hobbiecode
- Symbol: CME_MINI:ES1!
- Timeframe: 1 day
- Net P&L: +107,287.50 USD (+1,072.88%)
- Win Rate: 71.3%
- Profit Factor: 1.511
- Max Drawdown: 33,200.00 USD (46.95%)
- Total Trades: 370
- Sharpe Ratio: 0.154
Description
May 25, 2023This 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 today’s close is below yesterday’s five-day low, go long at the close.2. Sell at the close when the two-day RSI closes above 50.3. There is a time stop of five days if the sell criterium is not triggered.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.May 25, 2023Release NotesBacktest updated.