Hobbiecode - RSI + Close previous day

٢٥ مايو ٢٠٢٣

This is a simple strategy that is working well on SPY but also well performing on Mini Futures SP500. The strategy is composed by the followin rules:

1. If RSI(2) is less than 15, then enter at the close.
2. Exit on close if today’s close is higher than yesterday’s high.

If you backtest it on Mini Futures SP500 you will be able to track data from 1993. It is important to select D1 as timeframe.

Please share any comment or idea below.

Have a good trading,
Ramón.