THIS Strategy From Larry Connors Will Blow Up Your Trading Account (+203% in 2 Weeks)
Loses money
No edge after realistic trading costs
- trades tested
- 2,680
- per trade after costs
- -8.14bp
- winners
- 49%
- years of data
- 4.8
Connors-style RSI(2) mean reversion on 30m Bitcoin: buy when price is above the 200 MA but below the 5 MA and the 2-period Ultimate RSI gives its green (oversold 10) signal; mirror for shorts at the red (overbought 90) signal. Stop 1.5%, exit on the first candle that closes back across the 5 MA.
The exact rules we tested
- 01Instrument: BTCUSDT | Signal timeframe: 30m | Direction: both
- 02LONG when: rsi2 crosses above 10
- 03SHORT when: rsi2 crosses below 90
- 04Long filter: (close > sma200) AND (close < sma5)
- 05Short filter: (close < sma200) AND (close > sma5)
- 06Entry: market at next bar open
- 07Stop: 1.5%
- 08Exit signals fill at that bar's close (market-on-close)
- 09Exit longs when: close > sma5
- 10Exit shorts when: close < sma5