36 lines
738 B
Markdown
36 lines
738 B
Markdown
# RSI Divergence Bot
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This strategy was inspired by the following post on X:
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![Strategy Rules](./strategy_rules.png)
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## Rules
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1. On the hourly SPY chart, enter a long when the RSI is > than it was 5 bars ago but price is lower.
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2. Exit the position when the RSI is > 70.
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## Backtest Results
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### ETFs
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#### SPY
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![SPY All-Time Analysis](./backtest-results/spy_all_time_analysis.png)
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![SPY All-Time Summary](./backtest-results/spy_all_time_summary.png)
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#### QQQ
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![QQQ All-Time Analysis](./backtest-results/qqq_all_time_analysis.png)
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![QQQ All-Time Summary](./backtest-results/qqq_all_time_summary.png)
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### Futures
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#### /ES
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![ES Analysis](./backtest-results/es_analysis.png)
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![ES Summary](./backtest-results/es_summary.png)
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