Hi Guys/Gals,
Happy Trading!
Im trying a 2-period RSI strategy, please have a look.
The backtest results are different on Zerodha-Streak (high accuracy but less trade) and tradingview (high accuracy and relatively more trades than Streak).
Any comment, for or against the algo, is good. Do share your thoughts:
Trade Algo:
Indicators:
RSI(2) - Overbought=97 and Oversold=3
EMA(50)
Algo:
Buy = when RSI(2) < 3 and Close > EMA(50) [the price is in upward move]
Sell = when RSI(2) > 97 and Close < EMA(50) [the price is in downward move]