If the trend is going up then you want to buy when the RSI 2 period drops below 5.0. If the trend is going down then you want to sell when the RSI 2 period rises above 95.0. I have found just like Larry Connors, the strategy has a great win percentage however you will have the occasional large loss (mostly news based) when the trend turns ... I also ran a test on the Major forex Pairs (12) for the last 5 years, and All Forex Pairs (80) from 11/28/2007 - 6/09/2014, impressive results also. ***At the bottom of the page is a link where you can download the PDF of the Backtesting Results. The RSI-2 Strategy is designed to use on Daily Bars, however it is a short term trading strategy. Improved RSI indicator - highly complex and easy to use MT4 RSI indicator for free! Regularly updated. Trade long-term forex trends with our RSI indicator! Forex Euro Hunter Robot uses RSI 2-Period strategy to open a position. After opening a position it follows the price with trailing stop loss. Important! Euro Hunter is a fully automated Expert Advisor. It is designed for market conditions after 2017. All screenshots belong to backtests with EURUSD H1 timeframe since 01 January 2018. Submit by Roland 11/10/2015 RSI Extreme System is a price action trend-reversal system for intraday trading. This system can also be applied to trading with binary options high/low. The main feature of this system is to enter the market, on the extreme highs of the indicators in use: RSI, TMA Bands and Zee Zee I.
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