As a litle follow up to yesterday's GLD/NEM post, here's the results of the RSI 2 system with NEM. The system parameters have been optimized (28,78,38,82), but system return remains fairly robust within a 5% paramter range. Interestingly, the short side trades work out considerably better than the long side over the 5 year test period. I suspect different exit conditions for the longs would improve trading performance and will address that in later posts.
As I continue to refine the RSI 2 components to include in a daily trading basket, NEM is looking like a consistent performer.