Connors Cumulative RSI Mean Reversion — Strategy by tkey1
By tkey1
Performance Metrics
- Author: tkey1
- Symbol: CME_MINI:ES1!
- Timeframe: 1 day
- Net P&L: +167,292.10 USD (+16.73%)
- Win Rate: 76.0%
- Profit Factor: 4.44
- Max Drawdown: 102,458.19 USD (8.67%)
- Total Trades: 25
Description
The Connors Cumulative RSI Mean Reversion strategy is a short-term trading approach designed to exploit temporary overbought or oversold conditions in a security. It combines three components: the short-term Relative Strength Index (RSI), the longer-term RSI of the price’s up/down streak, and the rate-of-change of the price. By assessing momentum and trend exhaustion, the strategy identifies points where prices are likely to revert toward their mean, allowing traders to enter counter-trend positions with defined risk and potential for quick profits.