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Strategy Name Larry Connors RSI-2
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The 2-period Relative Strength Indicator (RSI) strategy was developed by Larry Connors. It is based on the principle that market prices return to a mean after significant highs or lows. A buy signal is generated when the 2-period RSI goes below 5 and the market price is above the 200-period MA. A long position is closed when the market price closes above the 5-period MA. In this backtest, we used the components of the Russell 3000 index as a stock universe. The condition 'price ca sma(5)' in the formula for closing a position reads as 'price crossed above the 5-period simple moving average'.
Type of Positions Long
 Position Opening 
Criteria for Opening a Position: index(russell3000) and rsi(2) < 5
Order Execution Model: Close Prices
 Position Closing 
Criteria for Closing a Position: price ca sma(5)
Order Execution Model: Close Prices
 Backtest Parameters 
Initial Capital: $10,000
Capital at Risk: 5% per trade
Portfolio Max Size: 20 positions
Comm. per Trade: 0.05%  
Avg Bid-Ask Spread: 0.1%  
Period: 1/1/2024 - 12/31/2024
The backtester displays results for the current year only. Please sign up to view the full report.
 Results 
Total Profit: $-355   Total Trades: 206  
Capital Growth:-3.55%   Profit Trades, % of Total:49%  
Profit Factor: [?] 0.82  Avg Trade Duration, days:3.97  
Payoff Ratio: [?] 0.85   Avg Profit per Trade:-0.36%  
Max Drawdown:11%   Avg Profit per Day:-0.09%  
Max Drawdown, $: 1,090   Avg Market Impact: [?]
Minor  
 
Restoration Factor: [?] -0.33   Overall Viability Score: [?]
1 / 10
 
Avg Annual Return: -3.55%   CAGR: [?]0%  
 Equity Graph 
 Performance 
Year S&P 500 Equity JanFeb MarAprMay JunJulAug SepOctNov Dec
2024 6.69 -3.55 -9.62 5.88 0.80
     
Performed Trades: Top 100
All
 
 Symbol Entry Date Entry Price, $ Exit Date Exit Price, $ Shares Profit, $  Exit On  MI [?]
 CB 03/01/2024 250.40 03/01/2024 250.40 1 -0.50  Period End Minor
 CMC 03/01/2024 53.32 03/01/2024 53.32 9 -0.96  Period End Minor
 CNA 03/01/2024 43.13 03/01/2024 43.13 11 -0.95  Period End Minor
 CNC 03/01/2024 77.32 03/01/2024 77.32 6 -0.93  Period End Minor
 CRVL 03/01/2024 240.06 03/01/2024 240.06 2 -0.96  Period End Minor
 FWRD 03/01/2024 32.16 03/01/2024 32.16 15 -0.96  Period End Minor
 G 03/01/2024 33.63 03/01/2024 33.63 14 -0.94  Period End Minor
 IART 03/01/2024 36.23 03/01/2024 36.23 13 -0.94  Period End Minor
 IPG 03/01/2024 31.15 03/01/2024 31.15 15 -0.93  Period End Minor
 AMGN 02/29/2024 273.83 03/01/2024 280.24 1 5.85  Close Signal Minor
 DO 02/29/2024 11.09 03/01/2024 11.84 43 31.25  Close Signal Minor
 EGP 02/29/2024 175.69 03/01/2024 178.10 2 4.11  Close Signal Minor
 ACI 02/29/2024 20.28 03/01/2024 20.18 23 -3.23  Period End Minor
 ATEC 02/29/2024 13.43 03/01/2024 13.49 36 1.19  Period End Minor
 BDX 02/29/2024 235.55 03/01/2024 235.24 2 -1.56  Period End Minor
 BIIB 02/29/2024 216.99 03/01/2024 221.07 2 7.28  Period End Minor
 BRT 02/29/2024 15.48 03/01/2024 15.44 31 -2.20  Period End Minor
 CBL 02/29/2024 23.06 03/01/2024 23.03 21 -1.60  Period End Minor
 CVS 02/29/2024 74.37 03/01/2024 73.91 6 -3.65  Period End Minor
 DV 02/29/2024 30.89 03/01/2024 30.41 15 -8.12  Period End Minor
 ARL 02/29/2024 19.35 02/29/2024 19.35 25 -0.97  Period End Minor
 BHB 02/28/2024 24.79 02/29/2024 25.22 19 7.22  Close Signal Minor
 BIO 02/27/2024 329.74 03/01/2024 332.95 1 2.55  Close Signal Minor
 CTS 02/27/2024 44.20 03/01/2024 45.24 11 10.45  Close Signal Minor
 ALEX 02/27/2024 16.97 03/01/2024 16.65 28 -9.90  Period End Minor
 BOH 02/27/2024 59.60 02/29/2024 60.28 8 4.48  Close Signal Minor
 CNSL 02/27/2024 4.31 02/29/2024 4.31 113 -0.97  Close Signal Minor
 AIR 02/27/2024 64.99 02/28/2024 66.37 7 8.74  Close Signal Minor
 AES 02/26/2024 15.55 03/01/2024 15.50 31 -2.51  Close Signal Minor
 ABCB 02/26/2024 45.46 02/29/2024 46.33 10 7.78  Close Signal Minor
 ACTG 02/26/2024 3.97 02/29/2024 4.04 122 7.56  Close Signal Minor
 ARTNA 02/26/2024 34.30 02/29/2024 34.47 14 1.42  Close Signal Minor
 AWR 02/23/2024 72.18 03/01/2024 71.87 6 -2.72  Close Signal Minor
 ALGT 02/23/2024 75.74 03/01/2024 72.43 6 -20.74  Period End Minor
 ALCO 02/23/2024 27.41 02/29/2024 27.71 17 4.16  Close Signal Minor
 ALG 02/23/2024 203.55 02/29/2024 202.29 2 -3.33  Close Signal Minor
 AXL 02/23/2024 7.09 02/29/2024 6.92 68 -12.51  Close Signal Minor
 ACET 02/22/2024 2.44 03/01/2024 2.39 197 -10.80  Close Signal Minor
 BELFB 02/22/2024 50.02 02/29/2024 51.97 9 16.62  Close Signal Minor
 ARRY 02/22/2024 13.17 02/27/2024 13.64 36 15.95  Close Signal Minor
 AMSWA 02/22/2024 10.30 02/23/2024 11.46 46 52.33  Close Signal Minor
 ATNI 02/22/2024 28.33 02/23/2024 36.70 17 141.11  Close Signal Minor
 AAP 02/21/2024 61.17 02/27/2024 64.75 7 24.17  Close Signal Minor
 AMPL 02/21/2024 11.80 02/27/2024 12.00 40 7.04  Close Signal Minor
 CNTY 02/21/2024 2.71 02/26/2024 2.76 177 7.88  Close Signal Minor
 CVI 02/21/2024 32.94 02/26/2024 33.05 14 0.62  Close Signal Minor
 ATEC 02/20/2024 15.40 02/27/2024 15.34 31 -2.81  Close Signal Minor
 ACLS 02/20/2024 111.91 02/26/2024 110.69 4 -5.77  Close Signal Minor
 AN 02/20/2024 138.38 02/23/2024 140.93 3 6.81  Close Signal Minor
 ARL 02/16/2024 20.03 02/21/2024 21.29 23 28.02  Close Signal Minor
 NUS 02/15/2024 13.75 02/29/2024 12.50 34 -43.37  Close Signal Minor
 PENN 02/15/2024 19.39 02/27/2024 17.63 24 -43.11  Close Signal Minor
 AAPL 02/15/2024 183.86 02/22/2024 184.37 2 0.28  Close Signal Minor
 HLF 02/15/2024 8.03 02/22/2024 8.50 59 26.74  Close Signal Minor
 QDEL 02/15/2024 43.98 02/21/2024 49.48 10 54.04  Close Signal Minor
 WAB 02/15/2024 133.76 02/21/2024 135.86 3 5.49  Close Signal Minor
 BA 02/14/2024 203.38 02/27/2024 201.40 2 -4.77  Close Signal Minor
 AKAM 02/14/2024 114.80 02/23/2024 108.17 4 -27.40  Close Signal Minor
 CAR 02/14/2024 119.91 02/23/2024 105.04 3 -45.26  Close Signal Minor
 CHD 02/14/2024 97.00 02/16/2024 97.78 4 2.34  Close Signal Minor
 ALNY 02/13/2024 162.00 02/21/2024 154.74 2 -15.15  Close Signal Minor
 CVRX 02/12/2024 23.61 03/01/2024 20.63 19 -57.43  Close Signal Minor
 DT 02/12/2024 52.42 02/29/2024 49.55 8 -23.76  Close Signal Minor
 NRG 02/12/2024 51.76 02/22/2024 51.88 9 0.15  Close Signal Minor
 PMVP 02/12/2024 1.67 02/20/2024 1.60 279 -20.43  Close Signal Minor
 CMAX 02/12/2024 4.68 02/20/2024 4.89 99 19.83  Close Signal Minor
 BIG 02/12/2024 3.86 02/15/2024 4.43 121 67.93  Close Signal Minor
 SENEA 02/12/2024 46.23 02/15/2024 47.72 10 13.95  Close Signal Minor
 NSP 02/12/2024 95.31 02/15/2024 94.72 4 -3.12  Close Signal Minor
 PINS 02/12/2024 35.51 02/15/2024 36.58 13 12.97  Close Signal Minor
 KREF 02/12/2024 9.53 02/15/2024 9.64 49 4.45  Close Signal Minor
 RM 02/12/2024 20.99 02/14/2024 21.66 22 13.79  Close Signal Minor
 NVTA 02/12/2024 0.0374 02/14/2024 0.0190 12,501 -230.61  Period End Minor
 BTAI 02/12/2024 1.95 02/14/2024 3.10 239 273.51  Close Signal Minor
 AVTR 02/12/2024 22.56 02/14/2024 24.40 20 35.84  Close Signal Minor
 NBIX 02/12/2024 130.43 02/13/2024 133.84 3 9.43  Close Signal Minor
 FORR 02/09/2024 21.44 02/26/2024 19.99 21 -31.30  Close Signal Minor
 CCL 02/09/2024 15.31 02/22/2024 15.21 29 -3.78  Close Signal Minor
 CAG 02/09/2024 27.40 02/20/2024 28.48 16 16.38  Close Signal Minor
 IMKTA 02/09/2024 78.38 02/15/2024 76.98 5 -7.77  Close Signal Minor
 CMP 02/09/2024 20.70 02/12/2024 22.78 22 44.78  Close Signal Minor
 EE 02/09/2024 13.94 02/12/2024 14.34 32 11.89  Close Signal Minor
 FLWS 02/09/2024 9.25 02/12/2024 9.68 49 20.13  Close Signal Minor
 GBCI 02/09/2024 36.72 02/12/2024 37.38 12 7.03  Close Signal Minor
 CAC 02/08/2024 31.89 02/12/2024 33.15 14 16.72  Close Signal Minor
 CBAN 02/08/2024 11.40 02/12/2024 11.74 40 12.67  Close Signal Minor
 ATRC 02/08/2024 32.39 02/09/2024 32.92 14 6.50  Close Signal Minor
 AMGN 02/07/2024 293.58 02/22/2024 285.18 1 -8.97  Close Signal Minor
 ABR 02/07/2024 11.86 02/12/2024 12.26 39 14.65  Close Signal Minor
 AGM 02/07/2024 182.57 02/12/2024 187.35 2 8.82  Close Signal Minor
 ATNI 02/07/2024 33.83 02/12/2024 36.05 13 27.94  Close Signal Minor
 AVT 02/07/2024 43.95 02/09/2024 44.92 10 8.81  Close Signal Minor
 AM 02/06/2024 11.97 02/12/2024 11.97 38 -0.91  Close Signal Minor
 ATLO 02/06/2024 18.88 02/12/2024 18.92 24 0.05  Close Signal Minor
 BCBP 02/06/2024 11.14 02/12/2024 12.24 41 44.12  Close Signal Minor
 AMNB 02/06/2024 43.86 02/09/2024 44.92 10 9.71  Close Signal Minor
 APD 02/06/2024 218.05 02/09/2024 219.84 2 2.70  Close Signal Minor
 BHB 02/06/2024 25.00 02/09/2024 25.28 18 4.13  Close Signal Minor
 ARW 02/06/2024 109.70 02/08/2024 113.40 4 13.90  Close Signal Minor
 AA 02/05/2024 26.84 02/12/2024 27.90 17 17.08  Close Signal Minor

Backtesting Results Disclaimer
Past hypothetical backtest results are neither an indicator nor a guarantee of future returns. Actual results may vary from the analysis. Hypothetical performance results have many inherent limitations and cannot fully account for market factors such as bid-ask spread, slippage, and commission costs. There are numerous other factors related to the markets, which cannot be fully accounted for in the backtesting algorithm, but all of which can adversely affect actual trading results.



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