DUAL RSI — Strategy by HermanBrummer
By HermanBrummer
Performance Metrics
- Author: HermanBrummer
- Symbol: NASDAQ:QQQ
- Timeframe: 2 days
- Net P&L: +571.73 USD (+0.57%)
- Win Rate: 64.3%
- Profit Factor: 2.213
- Max Drawdown: 104.13 USD (0.10%)
- Total Trades: 319
- Sharpe Ratio: −10.685
Description
This system uses two RSI's with different settings Fast RSI Lenght is 16, buys when RSI price is oversold @ 91 or lower, and sells when RSI price is overbought at 70 Slow RSI Lenght is 31, buys when RSI price is oversold @ 91 or lower, and sells when RSI price is overbought at 68 Pyramiding is set to 2 since each system should be able to trade in the same direction on the same day The Red StopLine is a stop loss of 10% based on the combined strategic position average entry price. I've used a 2D chart because I prefer longer-term charts for higher quality signals The way I trade all the systems is to set up alerts to let me know when to look at what setups The system also has a market filter and does not trade when the close is lower than its 200 days moving average