Works extremely well with many stocks. This strategy was tested on all components of the Dow since 1987. It averaged 22% a year. Slippage and commission were accounted for. 70% of the trades were profitable. The average maximum drawdown was around 15%. This strategy has also been tested against random. The results indicate that this strategy's results are not due to random chance, but rather it has an edge in the stock market. Does not repaint, and is not a curve fitted strategy.
How do you access the study? Is this a paid script, or can we request a trial? Thanks in advance.
leppardfan
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I get a 'study not authorized'. What is R-difference....what indicators is it based on?
tradingstrategies
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@leppardfan, It is based on the RSI. However, most signals generated by RSI and other technical indicators do not work. They are no better than randomly buying and selling a stock. This strategy uses an unconventional way of trading the RSI. It is the only strategy I have found to trade the RSI with an edge.