EDGE #6: H4 Connors RSI(2) Extreme + SMA(5) Exit
Larry Connors' RSI(2) idea on H4: buys when RSI(2) drops below 5 above the 200-period SMA (sells above 95 below it) and exits when price closes back across the 5-period SMA, or at the 40-pip target or 60-pip stop.
Tested on EURUSD M1, 2024-10 to 2026-10
- Profit factor, year 1 / year 2
- 1.41 / 1.92
- Trades
- 75
- Max drawdown
- 2%
- Timeframe
- H4
Open in QuantForge
Free account. The template opens as a new project you can edit, backtest and export.
Past results on one symbol, from one broker’s data. They do not predict future results: test on your own data and on a demo account first.
Inputs you can tune
| Input | Default | |
|---|---|---|
MagicNumber | 930006 | Identifies this EA's trades |
RSI2_BuyBelow | 5 | Buy when RSI(2) is below this |
RSI2_SellAbove | 95 | Sell when RSI(2) is above this |
StopLossPips | 60 | Stop loss, pips |
TakeProfitPips | 40 | Take profit, pips |
RiskPercent | 1 | Risk per trade, % of equity |
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