From cc8930db67a07ef83d3cb568f928d64d1ffca0f1 Mon Sep 17 00:00:00 2001 From: moshferatu Date: Wed, 28 Aug 2024 12:02:47 -0700 Subject: [PATCH] Add additional documentation for the ConnorsRSI strategy --- strategies/connors-rsi/README.md | 13 +++++++++++++ 1 file changed, 13 insertions(+) diff --git a/strategies/connors-rsi/README.md b/strategies/connors-rsi/README.md index 18ab6e5..5fee39a 100644 --- a/strategies/connors-rsi/README.md +++ b/strategies/connors-rsi/README.md @@ -1,5 +1,18 @@ # ConnorsRSI Bot +A swing trading strategy inspired by the [ConnorsRSI indicator](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/indicators/connors-rsi) by Larry Connors. + +## Rules + +For a long trade: + +* The closing price must be greater than the long term trend as measured by a simple moving average with a default period of 200 days. +* The ConnorsRSI indicator must have a reading of < 15 (default value). +* If both of the above conditions are met, the trade is entered. +* The trade is exited when the close is > the short term trend which is measured by a simple moving average with a default period of 5 days. + +For short trades, the conditions are inverted. + ## Backtest Results ### SPY