the Backtesting Results. Furthermore, Connors and Alvarez found that the lower the RSI 2, the greater the subsequent performance. The strategy is rather simple.
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The blue line is a 100-period moving average of the equity forex account curve. Similarly, when a security is trading above its 200-day SMA and RSI(2) moves below 5, chartists could filter this signal by waiting for RSI(2) to move above. Index that holds companies across all eleven gics sectors. As the trading system is defined, both these variables use the same value. Also Provided are General Results Testing Stocks and Forex. Waiting for the open gives traders more flexibility and can improve the entry level. Taken both these tests we can feel confident that this system does not appear to be optimized and its robust given a wide variety of input values. Of Winners.6, total points made 522.92. The results of the system can be seen in the equity graph below. The book says that Connors looked at over eight million trades from January 1 1995 to December 31 2007 and found that the average returns of stocks with a 2-period RSI reading below 10 outperformed the benchmark 1-day (0.07 2-days (0.21 and 1-week later (0.49). In other words, the more short-term overbought the security, the greater the subsequent returns on a short position. Expand your list of tradable ETFs that cover different sectors and global economies.
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