New Improved! 2 Period RSI Trading Strategy

Thinking a lot about this strategy with high winrate ratio and I found that this strategy big minus is Stop Loss. Not just ordinary stop loss, this is very big and huge stop loss. If your net profit for 10 years is 2000 points in SP500, this is 2000/10=200 points average profit per year. And if you get stop loss then you will loose a money yearned from whole previous year. And the second minus - you have to freeze a lot of money for SP margin+stop loss value 200 points. By the way 200 point it is 10 000$ in SP mini

I got a question about the chart, is it a 1 day chart or more than 1 day we have to look at when we use this strategy?

Do you have a link so I can see your ranking on the best to worst profitable strategies that you have tested? Thanks!

HOLD ON HOLD ON, IF I GOT IT RIGHT...Did u just mention ur risking 20points or 200pips in order to catch on average 10poits (100pips)...?🤔🥴🤣

have you compared against holding?

how a CAGR of less than 1% is good ? this is ridiculously low !

200 ΜΑ on Daily chart …..how much lag can you afford andhow often do you get signals…..

Can you tell us where to set our stop loss?
One ticket for trade..??

i coded your strategy in python and was able to replicate your results but only when i did not subtract the spreads as per what Oanda quotes 0.5 points. I suggest you make sure that you do add the trading fees and spreads because there is a huge discrepancy in the performance.

91.67% win-rate and 0.57 reward to risk... Kelly Criterion says go 75% account risk! 😂

I think one full stop loss blows the account, assuming you can get the leverage to ride drawdowns. 😂😂😂

Sir please add subtitle in your videos.

Thank you Jared very well. Can you please check it out: Will the strategy also work short? In low time windows? With another MA / maybe 34? - Thank you very much for the educational video. God bless you.

Trading and investing is easy and safe with the right help that's why I trade with Mrs Theresa she's the best

This strategy risks dollars to make pennies, or basically fractions of a penny, where one stop out could wipe out 10-20 winners. And this is done on the SP500, an index that practically only ever goes up in the long term. If you're willing to hold through 200 points of downside, why not be willing to wait through 200 points of upside? Or 400? Basically buy and hold swing trading.

how does it work with shorter time frames for intraday trading? Have you had the chance to test? 5 mins charts may be?

Bro You are doing great work....!!! Keep Uploading stuff like this😊

Mr john david is the best recommending him to all beginners who wants to recover losses like i did.

Rubbish

Bro I just ran this through history... and that dip below 10 on the Rsi is mostly just the beginning of a much longer down trend... Try buying when going above 70, and selling when going bellow 30 on the rsi set to 14 on 15min time frame for example and join the impulse. Its crazy how good it is.

Brilliant job, mate! Loving all of your videos—especially these on the Connors-Alvarez strategy. I just have one simple follow up question, if you don’t mind: What line of code would you add if you wanted the strategy to buy again (i.e., average down) every time the RSI dipped below 10?

You doing okay man?

Ive been implementing 2 Day Period RSI strategy on the Daily Charts for 2 years. I found some success when the RSI read 0.99 or below.. It led me to AMC at 2.00 (Check the Charts!). For 1 Year now.. I'm finding better success, when the 2 DAY Period RSI on the Weekly Chart, reads 0.10 and below for entry. These are for any kind of stocks. Penny to Large Cap. It gives the RSI time to breathe a little bit. And if the stock drowns or stays flat for the entire week, that's only in your favor! You either Average down or just sit tight. IMO, this gets you close to the bottom before a spike in the RSI happens.

Earn less than 1% for out 11 of 13 years period and 2 years loss. I think it is better to compare the result with buy and hold strategy or even bank saving account.

Thank you sir love from Hindustan

Is this better than Smash Day?

Holy curve fitting, batman!

I've found the 2 period RSI on hourly timeframe extremely accurate

the paid-by-companies trader =)), dressed in a freaking costume, how much they pay you to do these videos?

This is the best and i tried all indicators lol

A very insightful video. I appreciate the baby steps it takes to master the ropes of profitable trading.
Most traders are searching for that elusive method where they never lose or can win eight or nine trades out of 10, amassing huge profits in a short amount of time with no risk, which I'd say is ill advised. >

Great stuff! This illustrates why it takes so much discipline to trade profitably. First do the work to find a profitable system, then for God sakes stick to it!

could u take something like this and apply it to day trading?

I don't know if Leonard is a good trader ....but he is a hell good advertiser... 😊

Why not staying in the trend rather buying n selling in this uptrend

I coded this but did only get 48% winrate on SP500..... would be great to see a part in the video where ALL rules specially MA filters were shown!

Will this work on individual stocks with long above the 200 day average and short below the 200 day?
The problem with the indexes is the lack of trades.

My backtests do not mirror your results. Admittedly on forex, but no, does not work.

This works on EUR/USD as well.

instead of buying the underlying could you instead buy an at the money option , either a put or call.. you are using the 10 level to buy and exit at the 70, would you then use the 90 level to sell and the 30 level to exit the short....you could use monthly options for this since you wont be in the option that long and also you wont have to use a stop loss.. just asking , thanks

Does this strategy work on a 4hr time frame ?

I'd love you test a really simple strategy for me: trade long with a finish above the 33sma when it first doesn't make contact with the sma, and short whe it finishes below, again, on the first bar that doesnt make contact with it. Stops to be put at the most recent high or low pivot. Love your videos. Cheers, Mark.

What is the time period within daily time frame?? Ex Daily time frame RSI is 50 and 15mins RSI is 10??

I enjoy this channel but there are way to few trades to be worthwhile. Can you not try and develope a strategy using a lower time frame?

I'm backtesting this strategy, let's see. GOD bless you ( : Peace and, respect from FAISALABAD, PAKISTAN.

What do you think about scalping rsi 2

damn i like this , but taking a 300 point stop loss even in micros is chilling...

does this strategy work on individual US equities as well so long as they are trading above their 200 Day SMA?