ninjatrader/strategies/r3/README.md

# R3

This strategy was taken from chapter 4 of [*High Probability ETF Trading*](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors.

## Rules

**Long**

1. The ETF (e.g., SPY) is above its 200-day moving average.
2. The 2-period RSI drops 3 days in a row and the first day's drop is < 60.
3. If the 2-period RSI closes < 10, enter a long trade.
4. **(Optional Aggressive Version)** Enter a second long if price closes lower than the initial entry price at any point during the first trade.
5. Exit the trade when the 2-period RSI closes > 70.

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Initial commit of R3 strategy README 2024-09-25 13:23:15 +00:00			`# R3`

Add description to R3 strategy documentation 2024-09-25 13:26:16 +00:00			`This strategy was taken from chapter 4 of [High Probability ETF Trading](https://moshferatu.dev/moshferatu/high-probability-etf-trading) (2009) by Larry Connors.`

Add long rules to R3 strategy 2024-09-25 13:27:47 +00:00			`## Rules`

			`Long`

			`1. The ETF (e.g., SPY) is above its 200-day moving average.`
			`2. The 2-period RSI drops 3 days in a row and the first day's drop is < 60.`
			`3. If the 2-period RSI closes < 10, enter a long trade.`
			`4. (Optional Aggressive Version) Enter a second long if price closes lower than the initial entry price at any point during the first trade.`
			`5. Exit the trade when the 2-period RSI closes > 70.`

Initial commit of R3 strategy README 2024-09-25 13:23:15 +00:00			`---`