- (source wealth-lab forums)
“ the RSI(2) strategy and applying it to the Nasdaq 100 stocks. However, instead of limiting the system to long only, I combined the RSI(2) long strategy with an RSI(2) short strategy, then ran a two-year backtest.
The rules of the system are simple:
Go long if price is above the MA(50) and RSI(2) is less than 5
Exit when RSI(2) is above 70 or an 8 percent stop loss is hit
Go short if price is below the MA(50) and RSI(2) is greater than 95
Cover when RSI(2) is less than 30 or an 8 percent stop loss is hit
Starting equity is $100,000 and position sizing is $5,000 per trade”
523 trades
Winning % : 69.6%
Avg win: 4.95%
Avg loss : 5.83%
Avg days held : 4.65
Here are the results:
+Long+%26+Short.png)
Popularity: 16% [?]
