Connors RSI-2 System

MQL4 Experts

Job finished

Execution time 8 days

Specification

I would like to try Connors' RSI-2 System by backtesting in MetaTrader. 


Copied from another site, here is what the system should do, giving me signals and the possibility to backtest it in Metatrader.


Indicators Used: 
A 2 Period RSI with the upper line at 90 and the lower line at 10 looking for Extremes. 
A 200 period Simple Moving Average, and a 5 period SMA. 


Entry Rules: 
Buy Only When Stock is Above 200-SMA, AND Below 5-Day SMA, With RSI Below 10 
Short Only when Stock is Below 200-SMA, AND Above 5-Day SMA, With RSI Above 90 

Exit Criteria: 
If Buying EXIT when Price goes Above 5 SMA. 
If Selling Exit when Price Goes Below 5 SMA. 

Rules Used in Backtest: 
If Entry Condition True Then Enter Next Day At Market Open. 
If Exit Condition True the Exit That Day At Market On Close IF Close is Above the 5 SMA in Up Trend, or Below the 5 SMA in Down Trend. 

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Project information

Budget
20 - 30 USD
Deadline
from 2 to 4 day(s)