30 lines
942 B
Markdown
30 lines
942 B
Markdown
# 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 > the long term trend as measured by a simple moving average with a default period of 200 days.
|
|
* The ConnorsRSI indicator (default parameters) 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
|
|
|
|
|
|
|
|
|
|
|
|
### QQQ
|
|
|
|
|
|
|
|
|
|
|
|
--- |