Add additional documentation for the ConnorsRSI strategy

This commit is contained in:
moshferatu 2024-08-28 12:02:47 -07:00
parent bd9e465dfe
commit cc8930db67

View File

@ -1,5 +1,18 @@
# ConnorsRSI Bot # 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 ## Backtest Results
### SPY ### SPY