25/11/2015

LarryConnorsRSI2TradingSystem!!!SurprisingWinRate!!!CELGTradingView
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LARRYCONNORSRSI2TRADINGSYSTEM!!!SURPRISINGWINRATE!!!
CELGENECORP (NASDAQ:CELG) STOCK 112.67 0.93 0.82%
ChrisMoody PRO ayearago

CelgeneCorp,D,NASDAQ
_CM_RSI_2_HB_MA

O 140.21 H 141.68 L 139.25 C 139.60

141.6440 150.2076

48

_CM_RSI_2_Strategy_Lower

20.2109 90.0000 10.0000

Sponsoredby

https://www.tradingview.com/chart/CELG/EVXQPaR9LarryConnorsRSI2TradingSystemSurprisingWinRate/

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25/11/2015

LarryConnorsRSI2TradingSystem!!!SurprisingWinRate!!!CELGTradingView
30834
custom

indicators

pinescript

strategy

ThisyearIamfocusingonlearningfromtwoofthebestmentorsintheIndustrywithoutstandingtrackrecordsforCreatingSystems,andlearningthe
whatmethodsactuallyworkasfarasbacktesting.
IcameacrosstheRSI2systemthatLarryConnorsdeveloped.Larryhasbecomefamousforhistechnicalindicators,buthisRSI2systemiswhat
actuallyputhimOnTheMapperse.AtfirstglanceIdidntthinkitwouldworkwell,butIdecidedtocodeitandranbacktestsontheS&P 0.06%
100InDownTrendingMarkets,UpTrendingMarkets,andbothcombined.Iwasshockedbytheresults.SoIthoughtIwouldprovidethemforyou.I
alsoranatestontheMajorforexPairs(12)forthelast5years,andAllForexPairs(80)from11/28/20076/09/2014,impressiveresultsalso.
***AtthebottomofthepageisalinkwhereyoucandownloadthePDFoftheBacktestingResults.
TheRSI2StrategyisdesignedtouseonDailyBars,howeveritisashorttermtradingstrategy.Theaveragelengthoftimeinatradeisjustover2
days.ButtheresultsCRUSHthegeneralmarketaverages.
DetailedDescriptionofRulesForRSI2SystemareInTheFirstPost.AlsoProvidedareGeneralResultsTestingStocksandForex.AndaPDFYou
CanDownloadToSeeDetailedBackTestingResults!!!

IndicatorsnowpublishedinPublicLibrary:
UpperIndicator:

https://www.tradingview.com/chart/CELG/EVXQPaR9LarryConnorsRSI2TradingSystemSurprisingWinRate/

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LowerIndicator:

https://www.tradingview.com/chart/CELG/EVXQPaR9LarryConnorsRSI2TradingSystemSurprisingWinRate/

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Pleaseaddacomment...Positivefeedbackandconstructivecriticismareimportanttoauthorsandthecommunity.

PostComment

ChrisMoody

PRO

ayearago

RSI2Strategy
***AtthebottomofthepageisalinkwhereyoucandownloadthePDFoftheBacktestingResults.
TheRSI2StrategyisdesignedtouseonDailyBars,howeveritisashorttermtradingstrategy.Theaveragelengthoftimeinatradeis
justover2days.ButtheresultsCRUSHthegeneralmarketaverages.
IndicatorsUsed:
A2PeriodRSIwiththeupperlineat90andthelowerlineat10lookingforExtremes.
A200periodSimpleMovingAverage,anda5periodSMA.
***Thatsit!!!

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LarryConnorsRSI2TradingSystem!!!SurprisingWinRate!!!CELGTradingView
EntryRules:
BuyOnlyWhenStockisAbove200SMA,ANDBelow5DaySMA,WithRSIBelow10
ShortOnlywhenStockisBelow200SMA,ANDAbove5DaySMA,WithRSIAbove90
ExitCriteria:
IfBuyingEXITwhenPricegoesAbove5SMA.
IfSellingExitwhenPriceGoesBelow5SMA.
***ThethoughtprocessisthatthesecurityhasPulledBackfromitsMajorTrendAndwillContinueTheMajorTrendByCrossingthe5
SMAinthedirectionoftheMajorTend.
EntryChoices:
ConservativeOnceCriteria=TrueTHENBuyatMarketontheNextDaysOpen
AggressiveOnceCriteria=TrueTHENBuyNearCurrentDaysClose.
TheAggressiveEntrywouldcreatemoreProfitsHoweverIusedtheConservativeEntryinmybacktest.
RulesUsedinBacktest:
IfEntryConditionTrueThenEnterNextDayAtMarketOpen.
IfExitConditionTruetheExitThatDayAtMarketOnCloseIFCloseisAbovethe5SMAinUpTrend,orBelowthe5SMAinDown
Trend.
Datesusedforbacktest
***ForForexIjusttestedthelast5yearsonTheMajor12Pairs(Page1),andthelastpageItestedAllforexPairs(80)from11/27/2007
to6/09/2014.
***StartingonPage4(PDFLinkBelow)ITestedS&P100inBullMarkets,BearMarkets,andBullandBearMarketsCombinedIranthe
testontheNasdaq100attheend.
***AllTheMarketsItestedShowedAlmostExactWinPercentagesTheRSI2SystemSeemstoBeVALIDHowever,inBullMarkets
BuyTradessignificantlyoutperformedShortTrades,TheoppositeforBearMarkets.SoFilteringtheDirectionofTradesYouTake
WouldSignificantlyIncreaseTheResults.
ForS&P100:
FirstPeriodtestedwasfrom11/27/07through06/09/2014whichcoveredamajorDownTrendandaMajorUpTrend.
SecondPeriodtestedwas11/27/07to3/13/09ThebeginningoftheMajorSellOffintheMarkettotheDeadLowtotestanExtreme
Downtrend.
ThirdPeriodTestedwasfrom3/14/09to06/09/2014ToTestaMajorUptrend.
***ResultsarebasedonBuying100SharesofStock.Only1EntryNoScalingIn.Closing100%ofTradeonExitCriteria.
***ForexResultsarebasedonbuying1StandardLot***NoteTheForexresultsarentshowingaDollarAmountItShowsTOTALPIPS.
SomultiplythePipstimesyourTradeSize.
Results:
S&P100:BullandBearMarketsCombined11/27/07through06/09/2014
WinningPercent65%
***CheckOutTheEquityCurve!!!
S&P100:BearMarkets11/27/07to3/13/09
OverallWinningPercent66%
"BuyWinningPercent67%butonlymade$151,127
ShortWinningPercent65.6%butmade$1,054,487SignificantlyMoreMoneyMadeGoingWithTrend.

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S&P100:BullMarkets3/14/09to06/09/2014
OverallWinningPercent64.9%
"BuyWinningPercent69.6%butmade$2,665,689SignificantlyMoreMoneyMadeGoingWithTrend.
ShortWinningPercent54%Lost$130,840GoingAgainstTrend.
Nasdaq100:BullandBearMarkets11/27/07through06/09/2014
OverallWinningPercent63%
ForexAllSymbols(80):BullandBearMarkets11/27/20076092014
OverallWinningPercent58.4%+32,552Pips
ForexMajor12Pairs:Last5Years
OverallWinningPercent59.6%+9,196Pips
CodeforUpperIndicators.HighlightBarsand5SMAand200SMA.
http://pastebin.com/NYP282X6
CodeforRSIStrategyLowerRSIIndicator
http://pastebin.com/zc0J6xy0
VideoOnImportingCustomIndicatorsfromPasteBin:
http://videos.tradingview.com
DropBoxLinkForPDFofDetailedTradeResults
https://dl.dropboxusercontent.com/u/77187122/TradingView%20Posts/RSI2%20Strategy%20Results.pdf
+2

Reply Link Report

RafaelOsechas ayearago

ibacktestingwhittdameritradestrategydeskbutchnginSMA>5ihavebetterresultscanyouexplainwhy?

Reply Link Report

baerrus

PRO

10monthsago

Whataretherulestoexitfailedtrades?

Reply Link Report

ChrisMoody

PRO

10monthsago

ConnorsnevercouldfindaSTOPthatmadethesystemperformbetter.Thereforethereisn'toneinthissystem.the5SMAisso
closetopriceyoualwaysgetapricemovementthatgetsyououtofthetrade...Evenifyougetabiggapthatmovesagainstyou
the5periodavgwillquicklycatchupandexityououtofthetrade.
Althoughifyoureadnearthebottomofthisthread..someonementionedarevisedsystemthatwasgettingbetterresultswitha
stopandadifferentmovingavg.Iwillcodethatsystemsometimesoonandreportresultsunderthatthread.

Reply Link Report

jtdorman 9monthsago

ThanksChrisforallofyourreallyhelpfulworkandguidance.IamusingtheCRSIstrategydailyandIhavebeenreadingoneofMr
ConnorsbooksthatsaysabetterwaytoimplementthisstrategyistousewhathecallsacumulativeRSIwheretheRSIvalueswhen
addedtogetherwouldstaybelow,letssay,35for2days.Couldyouincorporatethiscumulativestructureintoyourcurrent2period
RSIstrategycode?

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