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Larry Connors

Larry Connors

RSI(2) mean reversion

RECOMMENDED 1D Channel

Win rate

74.2%

Trades

31

Profit factor

2.03

profit > loss

Return

+44.9%

under hold +1096.7%

Drawdown

20.4%

Account curve

BTCUSDT · 1D2018-09-21 → 2026-09-19 · 8.0 years

StrategyBuy & hold

Wins and losses

74%win rate
  • Wins23
  • Losses8
Drawdown20%
Hold drawdown74%
Time in market5%

How it trades

  1. 1

    Timeframe

    1D

  2. 2

    Setup / filter

    close > SMA(200)

  3. 3

    Entry

    RSI(2) < 5 → market at the next candle open

  4. 4

    Stop

    NONE — no stop-loss rule was provided, so no stop is placed

  5. 5

    Target / exit

    Target: no fixed target · Rule exit: a close above SMA(5) closes the trade at the next open

  6. 6

    Risk

    1% of equity as trade notional (there is no stop, so this is not risk to a stop)

Evidence

5
Rules executed
2
Published sources
4
Known limits
chartschool.stockcharts.comeasylanguagemastery.com

What this test cannot reproduce

Short trades (the mirror rules below the 200-day average) cannot be executed on Spot, so only the long side is tested.

The published rules use NO stop loss, so R-based statistics are undefined and the position size is a fixed notional, not risk to a stop.

Connors published this for US equities and ETFs; this test runs on the crypto pair you named.

Connors reports RSI(2) thresholds of 10, 5 and 2; the book's core table uses 5, which is what is tested.

Every backtest of these rules