197# Connors RSI Trading - Forex Strategies - Forex ...

Free algorithm/system code for you all - using RSI

So i thought this would interest a bunch of you. I wantd to show a simple system that has worked since it was published in 1996, thats 23 years of "out of sample" testing.
The system was published in a book in 1996, using RSI which was published in 1976.
The system is created by legendary trader Larry Connors.

The rules are as following:
Rule 1. Price is above Moving average 200 (The filter)
Rule 2. RSI[2] crosses under 10 (The triggeentry)
Rule 3. RSI[2] crosses above 50 - you sell

Thats it. As many might be thinking: theres no money management? no stop loss? no target?

Not in this backtest. That said you should definitly backtest with different types of money management to see what works best.

The picture shows the system (blue line) vs buy and hold (orange line). The market is S&P futures (called US 500), on the daily timeframe. The software used for backtest is ProRealTime and the broker is IG.com

https://imgur.com/a/PG2VTxe

Edit: This is a very well known system amongst people who algotrading/systematic trading. Im gonna bet some of you have heard about it, for others its an eye opener.

Edit: The photo is trading 4* 1€ contracts. Meaning if US 500 moves 1 point higher, you earn 4€. Buy n hold is using 1*1€ contract. The reason for using 4*1€ contracts in photo is because the RISK of buy n hold = 873 pips/€ drawdown as maximum drawdown. The RISK of the strategy using 4* 1€ contract = 900€ max drawdown. So the photo is showing what you COULD have gotten vs buy and hold for the same amount risk taken. Another Edit: You can trade as many contracts u want, the point is whoever many contracts you buy n hold, u can trade the same number * 4 with this system and it has outperformed buynhold by faaaaar.

edit: People have asked if this works for forex and or other markets/timeframes: It might, it might not. For US500 the results are good. You have to backtest in other markets to see if its profitable or not.
submitted by RipRepRop to Forex [link] [comments]

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After developing this indicator, Larry Connors himself performed an analysis of the price behavior for different levels of ConnorsRSI. To do this, Connors used a sample of 6,000 sufficiently liquid stocks and with an average trading volume of more than 500,000 shares per day and classified the average return in the 5 days after the ConnorsRSI touched different ranges of values (0-5, 5-10, 10 ... Check this box to confirm you are human. Submit . Cancel Connors RSI-Strategie Beispiel Nr.1. Der Connors RSI kann verwendet werden, um sowohl Bullen- als auch Bärenchancen im Markt zu finden. Als erstes Beispiel werden wir einen Bitcoin-Short Trade nehmen. Die Chartsignale weisen auf die Gelegenheit hin, Bitcoin bei $8.080,90 zu verkaufen. Die technischen Werte des Connors RSI zeigen überkaufte ... Connors RSI Strategy Example #1. The Connors RSI can be used to find both bullish and bearish trading opportunities in the market. In our first example, we're going to use a Bitcoin short trade as our example. Chart signals indicate opportunities to sell Bitcoin at $8,080.90. Technical readings on the Connors RSI show overbought signals, which ... Select the connors-rsi-v1.0.jar file; Once imported, go to Study > TradingIndicators >Connors RSI v1.0; FAQs. Will this indicator work with the new MotiveWave 6 version? Yes absolutely. This study will work with all versions of MotiveWave. Is this an automated trading system? No, this is an indicator which will help you in your discretionary trading approach. Will the study expire? No, the ... Connors RSI (CRSI) is a technical analysis indicator created by Larry Connors that is actually a composite of three separate components. The Relative Strength Index (RSI), developed by J. Welles Wilder, plays an integral role in Connors RSI. In fact, Wilder's RSI is used in two of the indicator's three components. The three components; The RSI, UpDown Length, and Rate-of-Change, combine to ... Submit by Freddy Fx Connors RSI is a template based on RSI Index and modified bollinger bands for scalping and trading with binary options high/low. This is a reversal trend strategy. Time frame 5 min. Currency pairs:majors. Binary Options high/low expiry time 2-3 candles o 3 min.

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MQL5 Expert Advisor - Larry Conners RSI 2

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