Strategy Test Request

Can someone test this strategy, please?

Given:
ES 5 min time frame
RSI (2)

Rules:
Long Only
Buy when RSI(2) < 2
Close position on stops
Stoploss=6 ponts
ProfitTarget=12 points

Thanks in advance

 

Seems like it would have worked during the time i checked manually at least. But there are a few 10/11 point potential winners that become losers.
The Problem with 100% mechanical. And this works best in an uptrend of course.

 

You can add short rule to sell short when RSI>98 with same parameters for stoploss and profit.

 

Sashe,

what if, after going short when RSI>98 ,and target is not reached, and the RSI is <2? do you SAR?

thanks

 

If RSI gets under 2, then Stop and Reverse

 

I'm sorry sashe, but your quest for the grail continues.

 

This RSI Buy/Sell system proposed by Dennis Meyers provides a very good performance reprot:

www.lynixco.com/mysterysys.pdf

http://www.traders.com/Documentation/FEEDbk_docs/Archive/1096/Abstracts1096/Meyersabst.html

 

Nice



Very subtle.