ninjatrader/strategies/rsi-25-75

RSI 25 / 75

This strategy was taken from chapter 3 of High Probability ETF Trading (2009) by Larry Connors.

Rules

Long

1. The ETF (e.g., SPY) is trading above its 200-day moving average.
2. If the 4-period RSI closes under 25, enter a long trade.
3. (Optional Aggressive Version) Enter another long trade if at any time while in the first trade the 4-period RSI closes under 20.
4. Exit the trade when the 4-period RSI closes above 55.

Short

1. The ETF is trading below its 200-day moving average.
2. If the 4-period RSI is above 75, enter a short trade.
3. (Optional Aggressive Version) Enter another short trade if the 4-period RSI closes above 80.
4. Exit the trade when the 4-period RSI closes under 45.

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