RSI 60/40 strategy: no need for insanely complex indicators
Trading view won't let me publish a lot of the indicator scripts I have written due to the code base upgrades and other factors. So this one is pretty simple and I think it can be covered in an idea.
This indicator simply says buy when the 14 period RSI goes over 60 and sell when rsi goes under 40. Super simple and basic but when applied to the right markets it is the best performing strategy I have seen. No matter how complex I got in my trading strategies this was nearly impossible to beat.
The RSI 60/40 strategy is a plunge protection long trend system. I have written, tested, and tweaked literally thousands of indicator systems. Yet, this really simple concept has been one of the most profitable when you find the right chart to apply it to.
What is the right chart? This is a long biased concept for trending markets. Crypto is notoriously trendy, but SP500 and QQQ and Gold also trend REALLY HARD on higher time frame charts.
Trade less and understand that you will not catch the top or bottom. There will be times that you loose money with the system in choppy markets. But if you want to guard against ultra bearish action and let the market do the hard work for you . This is definitely a strategy to look toward.
Maybe one day I can update the code to have this published so that you can see the back testing for yourself. But it is not hard to do and possibly someone has already published a similar RSI strategy script.
This indicator simply says buy when the 14 period RSI goes over 60 and sell when rsi goes under 40. Super simple and basic but when applied to the right markets it is the best performing strategy I have seen. No matter how complex I got in my trading strategies this was nearly impossible to beat.
The RSI 60/40 strategy is a plunge protection long trend system. I have written, tested, and tweaked literally thousands of indicator systems. Yet, this really simple concept has been one of the most profitable when you find the right chart to apply it to.
What is the right chart? This is a long biased concept for trending markets. Crypto is notoriously trendy, but SP500 and QQQ and Gold also trend REALLY HARD on higher time frame charts.
Trade less and understand that you will not catch the top or bottom. There will be times that you loose money with the system in choppy markets. But if you want to guard against ultra bearish action and let the market do the hard work for you . This is definitely a strategy to look toward.
Maybe one day I can update the code to have this published so that you can see the back testing for yourself. But it is not hard to do and possibly someone has already published a similar RSI strategy script.
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