I11L - Reversal Trading Ideas by Larry Connors — Strategy by I11L
By I11L
Performance Metrics
- Author: I11L
- Symbol: NASDAQ:NFLX
- Timeframe: 1 day
- Net P&L: +38,339.67 USD (+383.40%)
- Win Rate: 67.8%
- Profit Factor: 2.061
- Max Drawdown: 5,454.47 USD (26.50%)
- Total Trades: 295
- Sharpe Ratio: 0.155
Description
Dec 1, 2022This is my own Twist on Larry Connors Simple Tradingideas. It Combines the RSI, Averaging In and the Lowest Bars in a Single System.The current Configuration is designed for the Daily Timeframe.Feel free to play with the Parameters and keep in mind that Larry Intended to buy fear and sell the greed!The Rules are the following:---Buy---Buy, if the lowest Bar of your Configuration has been hit (default is set to 7).---Average Down--Buy, if the lowest Bar of your Configuration * Your open trades has been hit AND only if the buyin is atleast 1% cheaper.---Close---Close, if the RSI closes above a certain level (default is set to 70).---TP---There is no TP---SL---There is no SL, so be cautions of your tail Risk!Dec 1, 2022Release NotesAdded a Medium Term Filter to Buy only if the Close is above the 55 Day average if onlyBuyWhenAbove55Average is true.Larry Connors sugested beeing above 200 Days, the Turtle Traders use 20 or 55 Days instead.