The RSI 2 example that I posted last week closed out today. Remember last week the SPX got oversold enough to cause the 2 length RSI to close below 1% while still over the 160 day MA, something which has only occurred 7 times in the last 24 years. The exit rules for the system is to exit on a close back above the 8 day SMA i.e. revision to the mean as the rubber band stretches back. Today the SPX closed back over the 8 day simple MA and closed out the trade - now there has been 8 examples of this over the last 24 years, all 100% winning trades.
No comments:
Post a Comment