RSI(2) Buy/Sell Signal — Strategy by mcollins2002
By mcollins2002
Performance Metrics
- Author: mcollins2002
- Symbol: AMEX:SPY
- Timeframe: 1 day
- Net P&L: +83,943.96 USD (0.00%)
- Win Rate: 74.1%
- Profit Factor: 2.024
- Max Drawdown: 33,499.67 USD
- Total Trades: 112
Description
Long/Short entry signaling based on extreme RSI-2 values. The modeling indicates this a good strategy. It's possible to improve profitability by using discretion to enter trades at a more optimal price (i.e. close of the signaled day rather than the open of the following day) and to let the trades run a little longer, but I have not been successful in scripting those scenarios.