Criterias for entry:
Here is accumulated profit curve from 2005 until september 2016:
Average per trade is 0.46%.
1. get SPY
3. then buy SPY
Hi, I changed my post a bit to make it understandable.
Try enter/exit tomorrow on today Close price limit
Is the 2 period RSI on SPY below 0.15 or 1.5 or 15? Just looking at the last 3 years of SPY chart, I don’t see many entries if it’s near 0, ie, 0.15? In fact I am not able to show a value lower than 1 in a ToS chart. Thanks!
I wrote 0.15, but you are right: RSI varies between 0 to 100. If it’s below 15 then go long on close.
The reason I wrote 0.15 i that I use numbers a bit different….. But 15 is the correct number
I tried to build this strategy, also.
But I cant’t follow your results…. I got an average gain of 0,1% for the profits….. And some buy and hold would bring much better results in my backtests….
Can you give some more details when you close your trade?
How many trades do you get for each month or each year?
Perhaps you have RSI calculated wrongly? Exit is if today’s close is higher than yesterday’s high. If SPY yesterday was max at 237.54 and SPY today closes at 237,85, then exit.
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