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


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]

How to Calculate Connors RSI in Excel RSI indicator trading strategy, Part 1 Indicator connors rsi for Metatrader MT5 Larry Conners RSI2 Expert Advisor Strategy Review Of RSI Zones by Larry Conors

The new Connors RSI Strategy Suite is based around the concept of “blending” indicators together as published by analyst Larry Connors in his book Connors RSI 2nd Edition. In this book, Connors shows how he used the average of three different indicators, including the Relative Strength Index (RSI), in order to create a “score”. ConnorRSI is a technical indicator developed by Larry Connors with which we can experiment and use to develop new trading strategies. It is based on the RSI. Skip to content. Information on Forex market and trading, including trading systems, technical and fundamental analysis, CFD and Forex brokers. 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. Articles tagged with 'Rsi 2 Adx Connors' at Best Forex Experts, Reviews and Collection for MetaTrader Connors RSI Mladen's version conners rsi with usual prices though is an old version

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How to Calculate Connors RSI in Excel

In the video, I describe the three steps of calculating Connors RSI: RSI of Price, RSI of Streak and Relative Magnitude of Recent Price Change. Get the spreadsheet and other great free resources ... No Nonsense Forex 146,177 views 28:59 2 PERIOD [RSI] आरएसआई का उपयोग करके [SWING TRADING] स्विंग ट्रेडिंग - Duration: 13:32. Live EURUSD & USD JPY & GBPUSD H1 & M5 (Forex Live Forecast) Forex Signals 54 watching Live now Indicador Impulse System Elder para Metatrader - Duration: 1:04. 95% Winning Forex Trading Formula ... Trading with the (RSI) Relative Strength Index - Duration: 13:22. ... Trading Fear and Greed with Larry Connors - Duration: 57:08. TradingMarkets 5,289 views. The RSI indicator and other "bounded indicators" are often mistakenly traded as buy signals when they're oversold and as sell signals when they're overbought. This is exactly the opposite of what ...