RSI4 < 25
Enter when:
- Price above MA200
- RSI4 at close < 25
- Position is already open and RSI4 at close < 20 (optional)
Exit when:
- RSI4 at close > 55
Note: works better in the short setup.
RSI2 drops 3 days in a row
Enter when:
- Price above MA200
- RSI2 has dropped 3 days in a row from a value < 60
- RSI2 < 10
- Position is open and price closes lower (optional)
Exit when:
- RSI2 > 70
Note: works better in the short setup.
%b < 0.2
Enter when:
- Price is above MA200
- %b at close has been below 0.2 for the last 3 days
- Position is open and %b at close is still below 0.2
Exit when:
- %b at close is above 0.8
RSI2 < 10
Enter when:
- Price is above MA200
- RSI2 at close < 10
- Position is open and RSI < 6 (optional)
Exit:
- Price at close > MA5
Note: works better in the short setup.
Scaling in
Pre-condition:
- Price above MA200
Enter 10% when:
- RSI2 at close < 25
If next day price at close is lower, add 20%.
If next day price at close is lower, add 30%.
If next day price at close is lower, add 40%.
Exit when:
- RSI2 at close > 70
How to choose among many candidates
Choose country over sector, and sector over commodity or currency or bond ETFs.
Choose the ones with the strongest signals (lowest RSI in long setup).
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