RSI2 Larry Connors | Holy Grail Indicator!

I believe trading a portfolio is the holy grain of Algo trading, but adding the most robust indicator in building it makes it even better. Check out this portfolio performance based on extremely simple strategy!
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00:00 Introduction
01:21 What is RSI2?
03:19 Building RSI2 Strategy in Multicharts
05:19 RSI2 Strategy Performance
07:26 RSI2 Overfit Strategy Performance
08:21 Building RSI Portfolio of Seven Strategies
10:08 Building RSI Portfolio of 3 Strategies
11:40 The Holy Grail
Let's Connect:
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DISCLAIMER: None of what I talk about to be construed as investment advice, I am not a financial adviser nor a CPA. The videos are for educational and entertainment purposes only. The information presented in the video is accurate as of the posting date of the video and might not be accurate in the future. All links in the description might have some affiliate links and I may receive a small commission. I only share the tools and resources that I love and use regularly. Thank you so much for your support! 😍
#Finance #Investing #AlgoTrading
Ali Casey here from StatOasis channel, I post about Finance, Investing, Algorithmic Trading and everything else in between.
I strive to provide the best education on the subjects mentioned above, the goal is take control of your financial future. If you like what you read, then subscribe and if you're still reading this, you rock! thank you ❤️

[@StatOasis]

Watch RSI + ADX strategy kzbin.info/www/bejne/fomrdp1piNllh7M

[@iameladlevi]

As always great content!

[@StatOasis]

Glad you enjoyed it

[@rod85y]

Great video Ali Casey

[@StatOasis]

Glad you enjoyed it

[@covingtoncreek]

7:50 🤣Appreciate the reality check there.

[@StatOasis]

😀 thank you for watching

[@Yewbzee]

Cheers Ali.

[@StatOasis]

Thank you for watching

[@maximosh]

You may be able to limit the drawdown for 3 portfolio systems by only ever entering 2 trades opened at any one time. One third less drawdown, but it may impact performance. I might also choose a 4, 6, 8 RSI periods for the 3 systems. Nice work on this video Ali.

[@StatOasis]

yes, many variation to the portfolio can be created to suit traders appetite to risk. thank you for watching

[@apathyreview3964]

16 loockback on 15 minutes with my mean reversion strategy. Low pips 5 lots. 1000 investment 4000 return over three years.

[@mareksmarks53]

Hello. I want to thank you for sharing your experience and valuable information with us. I have a question: is it possible to combine ALGO WIZARD (a predetermined signal) and BUILDER ?

[@StatOasis]

Yes, absolutely, you can build a template with your predetermined signal and combine it with others in builder

[@navpreetsingh9346]

I love your content..the parameters you described here are for uptrend..can you make one for downtrend market as well?

[@StatOasis]

Will add it to post ideas

[@iameladlevi]

Ali, Two short questions: 1. What are more mean reversion instruments out there? 2. Will be nice to have this with combined with the Gold breakout strategy to get a more diverse portfolio, what do you say? Thanks again!

[@StatOasis]

most mature indexes are mean reverting, but to classify a market you need to test it, and I teach on how to do that in my ATM (go.StatOasis.com/ATM) mean reverting is a good candidate to combine with breakout of course, but both of them are long in this case, so testing is needed to find out!

[@iameladlevi]

@@StatOasis Thanks! 1. Where can I get more info on your course? 2. The gold breakout is long and short as far as I remember.

[@StatOasis]

subscribe to the list here Go.StatOasis.com/ATM, launch will be end of this month with a webinar explaining what you get in the course. I think you are right Gold was Long/Short

[@Umbyonline]

Is the "SQ_StocksSizeByPrice" function your creation? Could I have the code ?

[@StatOasis]

that is a function in SQX, you can get it if you have SQX. mine has further development for futures/ETFs/Stocks money management, and it is included in go.statoasis.com/atm

[@gilltim5711]

Very interesting. What is a good trading platform to use to have it trade automatically for me?

[@StatOasis]

There are many platform, if you are willing to learn how to program then i suggest python, otherwise the easiest language to build and and trade on autopilot is EasyLanguage. Tradestation is free with account open and multichart is about $1500 both use EasyLanguage

[@gilltim5711]

@@StatOasis Thank you.

[@komfyk]

Sell when rsi2 goes above 75? So you're selling into strength. Has this been profitable for you?

[@StatOasis]

Definitely. Its all about combining the strategy style with instrument characteristics

[@MrDavidpleydell]

Does this beat buy and hold?

[@StatOasis]

definitely, in fact there are hundreds of systems that beat B&H at least in terms of return/risk ratio, search Ray Dalio all weather portfolio, Golden Butterfly, Faber ivy portfolio, permanent portfolio. Also I have three portfolios inside StatOasis Discord channel that trade once a month, there is a video about them here ko-fi.com/post/Monthly-Portfolio-W7W6DEA85

[@yahyaalzahrani1481]

What did he f858ing say

[@apathyreview3964]

My strategy is similar but I have been twerking it in a few major ways for quite a while. So I know that you are not showing your equity graff because the opportunity cost is high and drawdown and max losses are an issue. I know this because I overcame these issues.

[@StatOasis]

I have many versions of this strategy on the channel in even more in my portfolio. The basis is so strong that you can easily enhance the strategy to fit your portfolio.