Experts: Larry Conners RSI 2

 

Larry Conners RSI 2:

Simple Expert Advisor based on the Larry Conners RSI 2 strategy.

This Expert Advisor uses three indicators, RSI (Relative Strength Index), fast Moving Average (5 period), slow Moving Average (200 period).

The Idea of this strategy is to determine the general trend by using the slow Moving Average (MA 200). Then buy on the dips and sell on the rises.

Long Entry Rules

  • RSI (2 period) is less than 6.
  • Close of previous candle is greater than slow Moving Average.

Long Exit Rules

  • Close is greater than fast Moving Average.

Short Entry Rules

  • RSI (2 period) is greater than 95.
  • Close of previous candle is less than slow Moving Average.

Short Exit Rules

  • Close is less than fast Moving Average.

EUR/USD 1 HR TF

Author: Stanton Roux

 
Interesting strategy, thanks to share
 
Good morning Larry,
I downloaded and compiled your LarryConners RSI 2.

I would like clarification: the expert works exceptionally but only when the 1-minute OHLC data is used in the bcktests.
If instead real ticks are used the results are only negative with any timeframe.

What could be the problem ?

Thanks

Giuseppe (from Sicily)

 
gica51:
Good morning Larry,
I downloaded and compiled your LarryConners RSI 2.

I would like clarification: the expert works exceptionally but only when the 1-minute OHLC data is used in the bcktests.
If instead real ticks are used the results are only negative with any timeframe.

What could be the problem ?

Thanks

Giuseppe (from Sicily)

Hi Giuseppe

The algo trades on every tick which could be the reason for the draw down.

I have since updated it to trade only on new bars.