Current status of the RSI2 system trades. . . .flat both Qs and IWM, having closed both open long positions at today's Open for quick 2 days gains ($ .83 for the Qs and 1.10 for the IWM).
I'd like to get the trigger signals more in sync with the pivot high, pivot lows to improve overall performance and that's a focus of my current research. Since the pivot highs and pivot lows are LookBack studies this is a bit of a problem and I continue to explore various anticipatory (leading) indicators that will provide an improved trading edge.
Still, with over 80% current system reliability, the RSI 2 model is generating the type of incremental income stream I'm looking for with only a 2-3 day exposure.