Connor’s RSI Strategy
- April 16, 2022
- by:Jeddyson
The strategy was first intended as a strategy for QQQ (Nasdaq) and SPY (S&P 500), but it works on a wide range of other instruments. This strategy uses the RSI:
Original rules:
The close must be above the 200-day moving average.
The 4-day RSI must be below 25.
Exit when the 4-day RSI turns above 55.
Modified Strategy
Here are the rules:
Buy the market, when:
The 4-day RSI must be below 25.
The 14- day ADX must be above the 20.
Exit when:
Close of today is higher then close of yesterday
//——————————————————————–
// Trading rule: Trading signals
// (On Bar Open)
//——————————————————————–
LongEntrySignal =
((RSI(Main chart,4, PRICE_CLOSE)[1] < 25)
and (ADX(Main chart,14)[1] > 20));
LongExitSignal =
(CloseDaily(Main chart)[1] > CloseDaily(Main chart)[2]);
We have developed this strategy for use on MT4 to trade indices and indices CFDs
Test on NASDAQ, DJ, SP500, DAX40