The common RSI 2 strategy that goes long when RSI 2 closes below
10% and above the 200 day MA and short when RSI 2 closes above 90%
and below the 200 day MA will not be going long today, as the 2 RSI
is currently at 14.65%, it needs to close below 10%. This
strategy is single version, i.e. all in 100%
The second RSI strategy uses a scale in version of 4 parts: 30%,
20%, 20%, 30%. So it's not always fully invested. This
one uses a 2 RSI as well, however I'm using the BPT EMA RSI.
This strategy will be going long today at the close for a 30%
position
again eventually I'll make these strategies available in our BPT
store for Tradestation and Multicharts users
clarification: the RSI 2 strategy that uses the EMA RSI 2,
did NOT go long today, sorry for the confusion. This system
has an extra parameter where the 2 RSI has to be below 10% for 2
days in a row, today was obviously only day #1. We'll see
what happens tomorrow
RSI 2 strategy discussion
Posted by matt on 23rd of Apr 2012 at 03:27 pm
Here's a quick discussion on two of my RSI 2 strategies.
Here's the Video to discuss
The common RSI 2 strategy that goes long when RSI 2 closes below 10% and above the 200 day MA and short when RSI 2 closes above 90% and below the 200 day MA will not be going long today, as the 2 RSI is currently at 14.65%, it needs to close below 10%. This strategy is single version, i.e. all in 100%
The second RSI strategy uses a scale in version of 4 parts: 30%, 20%, 20%, 30%. So it's not always fully invested. This one uses a 2 RSI as well, however I'm using the BPT EMA RSI. This strategy will be going long today at the close for a 30% position
again eventually I'll make these strategies available in our BPT store for Tradestation and Multicharts users
clarification: the RSI 2 strategy
Posted by matt on 23rd of Apr 2012 at 04:19 pm
clarification: the RSI 2 strategy that uses the EMA RSI 2, did NOT go long today, sorry for the confusion. This system has an extra parameter where the 2 RSI has to be below 10% for 2 days in a row, today was obviously only day #1. We'll see what happens tomorrow
I bougth into some SPY at close
Posted by xxnileshxx on 23rd of Apr 2012 at 04:34 pm
I bought into some SPY at close I think I will keep it and see how it plays out.