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Strategy Name Larry Connors RSI-2
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Developed by Larry Connors, the 2-period Relative Strength Indicator (RSI) strategy 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: $51.6   Total Trades: 546  
Capital Growth:0.52%   Profit Trades, % of Total:60%  
Profit Factor: [?] 1.01  Avg Trade Duration, days:4.28  
Payoff Ratio: [?] 0.69   Avg Profit per Trade:0.037%  
Max Drawdown:9%   Avg Profit per Day:0.0085%  
Max Drawdown, $: 887   Avg Market Impact: [?]
Minor  
 
Restoration Factor: [?] 0.06   Overall Viability Score: [?]
4 / 10
 
Avg Annual Return: 0.52%   CAGR: [?]0.52%  
 Equity Graph 
 Performance 
Year S&P 500 Equity JanFeb MarAprMay JunJulAug SepOctNov Dec
2024 14.57 0.52 -6.79 8.58 2.32 -8.81 7.42 -0.91
        
Performed Trades: Top 100
All
 
 Symbol Entry Date Entry Price, $ Exit Date Exit Price, $ Shares Profit, $  Exit On  MI [?]
 ACI 06/21/2024 19.56 06/21/2024 19.56 26 -1.02  Period End Minor
 ALCO 06/21/2024 24.60 06/21/2024 24.60 20 -0.98  Period End Minor
 APOG 06/21/2024 60.42 06/21/2024 60.42 8 -0.97  Period End Minor
 ATEC 06/21/2024 10.09 06/21/2024 10.09 50 -1.01  Period End Minor
 BLDR 06/21/2024 143.19 06/21/2024 143.19 3 -0.86  Period End Minor
 CCO 06/21/2024 1.33 06/21/2024 1.33 384 -1.02  Period End Minor
 CDZI 06/20/2024 2.95 06/21/2024 3.01 173 9.34  Close Signal Minor
 AEHR 06/20/2024 10.67 06/21/2024 10.80 47 5.10  Period End Minor
 AMSWA 06/20/2024 8.54 06/21/2024 8.72 59 9.60  Period End Minor
 ANF 06/20/2024 175.56 06/21/2024 174.50 2 -2.82  Period End Minor
 BKD 06/20/2024 6.52 06/21/2024 6.41 78 -9.58  Period End Minor
 CE 06/20/2024 138.05 06/21/2024 137.00 3 -3.97  Period End Minor
 CEVA 06/20/2024 19.00 06/21/2024 19.16 26 3.17  Period End Minor
 CCK 06/18/2024 76.44 06/21/2024 77.54 6 5.67  Close Signal Minor
 ANGO 06/18/2024 5.65 06/21/2024 5.88 91 19.87  Period End Minor
 BIG 06/18/2024 1.88 06/21/2024 1.90 273 4.43  Period End Minor
 AMD 06/18/2024 154.63 06/20/2024 161.78 3 20.49  Close Signal Minor
 AGEN 06/17/2024 14.30 06/21/2024 14.56 35 8.09  Close Signal Minor
 BGS 06/17/2024 8.34 06/21/2024 8.34 61 -1.02  Close Signal Minor
 AES 06/17/2024 18.84 06/21/2024 18.47 27 -10.99  Period End Minor
 BRY 06/17/2024 6.17 06/20/2024 6.25 83 5.61  Close Signal Minor
 ARRY 06/17/2024 12.40 06/18/2024 12.82 41 16.18  Close Signal Minor
 ATRC 06/17/2024 19.86 06/18/2024 21.20 25 32.46  Close Signal Minor
 AA 06/13/2024 38.54 06/20/2024 38.98 13 4.71  Close Signal Minor
 AFG 06/13/2024 124.95 06/17/2024 125.00 4 -0.80  Close Signal Minor
 BGFV 06/12/2024 3.10 06/21/2024 3.10 165 -1.02  Close Signal Minor
 CLF 06/12/2024 15.07 06/21/2024 14.80 33 -9.89  Close Signal Minor
 AVA 06/12/2024 34.72 06/21/2024 33.70 14 -15.23  Period End Minor
 BA 06/12/2024 182.67 06/21/2024 176.56 2 -12.93  Period End Minor
 ASGN 06/12/2024 90.87 06/20/2024 88.65 5 -11.99  Close Signal Minor
 BKH 06/12/2024 52.91 06/20/2024 52.88 9 -1.22  Close Signal Minor
 CAG 06/12/2024 28.72 06/18/2024 28.67 17 -1.83  Close Signal Minor
 AMSF 06/12/2024 42.10 06/17/2024 42.72 12 6.42  Close Signal Minor
 AXP 06/12/2024 224.04 06/17/2024 228.27 2 7.55  Close Signal Minor
 AXS 06/12/2024 69.58 06/17/2024 69.63 7 -0.62  Close Signal Minor
 ALG 06/11/2024 179.20 06/21/2024 174.93 2 -9.24  Period End Minor
 AMGN 06/11/2024 300.70 06/17/2024 303.28 1 1.97  Close Signal Minor
 ABG 06/11/2024 230.31 06/12/2024 234.54 2 7.53  Close Signal Minor
 AMG 06/10/2024 155.14 06/18/2024 153.03 3 -7.25  Close Signal Minor
 AEO 06/10/2024 20.75 06/17/2024 20.87 24 1.88  Close Signal Minor
 AGO 06/10/2024 75.35 06/13/2024 75.99 6 2.93  Close Signal Minor
 AMWD 06/10/2024 82.83 06/13/2024 82.72 6 -1.65  Close Signal Minor
 ADTN 06/10/2024 5.04 06/12/2024 5.22 102 17.30  Close Signal Minor
 AIR 06/10/2024 66.28 06/12/2024 67.12 7 4.94  Close Signal Minor
 ACI 06/07/2024 20.07 06/11/2024 20.31 25 4.99  Close Signal Minor
 CSGS 06/06/2024 40.52 06/12/2024 40.67 12 0.82  Close Signal Minor
 MED 06/05/2024 22.02 06/20/2024 20.56 23 -34.54  Close Signal Minor
 CCOI 06/05/2024 55.98 06/12/2024 54.44 9 -14.85  Close Signal Minor
 CMT 06/05/2024 17.54 06/12/2024 17.11 29 -13.47  Close Signal Minor
 PFS 06/05/2024 13.75 06/12/2024 13.63 37 -5.45  Close Signal Minor
 PPC 06/05/2024 34.16 06/11/2024 35.02 15 11.86  Close Signal Minor
 KALU 06/05/2024 91.30 06/10/2024 92.08 5 2.98  Close Signal Minor
 LINC 06/05/2024 10.97 06/10/2024 10.82 47 -8.07  Close Signal Minor
 LXU 06/05/2024 9.19 06/10/2024 9.29 56 4.56  Close Signal Minor
 OII 06/05/2024 21.14 06/10/2024 21.57 24 9.29  Close Signal Minor
 MCS 06/05/2024 10.26 06/07/2024 10.33 50 2.47  Close Signal Minor
 ALB 06/04/2024 117.87 06/21/2024 94.66 4 -93.64  Period End Minor
 AAON 06/04/2024 71.92 06/10/2024 72.41 7 2.42  Close Signal Minor
 AMAT 06/04/2024 212.22 06/05/2024 223.37 2 21.42  Close Signal Minor
 AMKR 06/04/2024 31.56 06/05/2024 33.21 16 25.35  Close Signal Minor
 BFLY 06/03/2024 0.97 06/10/2024 0.95 529 -11.59  Close Signal Minor
 ALTR 06/03/2024 86.52 06/05/2024 89.18 5 12.41  Close Signal Minor
 APH 06/03/2024 65.68 06/05/2024 66.43 7 4.32  Close Signal Minor
 CMCO 05/31/2024 39.10 06/21/2024 35.01 13 -54.11  Period End Minor
 CENT 05/31/2024 43.45 06/20/2024 38.44 11 -55.98  Close Signal Minor
 CRVL 05/31/2024 239.85 06/12/2024 240.80 2 0.94  Close Signal Minor
 CSGP 05/31/2024 78.17 06/12/2024 77.64 6 -4.11  Close Signal Minor
 CXM 05/31/2024 11.21 06/12/2024 9.05 46 -100.24  Close Signal Minor
 AMED 05/31/2024 91.15 06/11/2024 91.80 5 2.33  Close Signal Minor
 BRKR 05/31/2024 65.46 06/06/2024 64.95 7 -4.48  Close Signal Minor
 ANSS 05/31/2024 317.45 06/05/2024 327.07 1 8.97  Close Signal Minor
 ATEC 05/31/2024 9.71 06/05/2024 9.94 53 11.14  Close Signal Minor
 CVLT 05/31/2024 107.59 06/05/2024 113.05 4 20.95  Close Signal Minor
 FDS 05/31/2024 404.26 06/05/2024 401.12 1 -3.94  Close Signal Minor
 AMZN 05/31/2024 176.44 06/04/2024 179.34 2 5.09  Close Signal Minor
 CRL 05/31/2024 208.44 06/04/2024 210.23 2 2.74  Close Signal Minor
 ADBE 05/30/2024 445.87 06/05/2024 455.80 1 9.02  Close Signal Minor
 ACN 05/30/2024 284.80 06/04/2024 288.06 1 2.69  Close Signal Minor
 ALKS 05/30/2024 23.21 06/03/2024 24.06 22 17.65  Close Signal Minor
 ACTG 05/30/2024 5.46 05/31/2024 5.58 94 10.24  Close Signal Minor
 AKAM 05/30/2024 90.22 05/31/2024 92.24 5 9.18  Close Signal Minor
 AAP 05/29/2024 62.48 05/31/2024 70.64 8 64.18  Close Signal Minor
 ADSK 05/28/2024 210.45 06/03/2024 210.82 2 -0.10  Close Signal Minor
 ACM 05/28/2024 86.47 05/31/2024 87.34 6 4.17  Close Signal Minor
 ADP 05/28/2024 241.91 05/31/2024 243.52 2 2.25  Close Signal Minor
 AEP 05/28/2024 88.62 05/31/2024 90.25 5 7.25  Close Signal Minor
 AIN 05/28/2024 87.13 05/31/2024 87.46 5 0.78  Close Signal Minor
 AEE 05/28/2024 70.56 05/30/2024 70.84 7 0.97  Close Signal Minor
 ACIW 05/24/2024 35.42 05/31/2024 36.01 14 7.26  Close Signal Minor
 A 05/23/2024 150.55 06/05/2024 133.56 3 -51.80  Close Signal Minor
 AKR 05/22/2024 16.81 05/30/2024 16.63 30 -6.40  Close Signal Minor
 AAP 05/22/2024 70.24 05/28/2024 70.18 7 -1.40  Close Signal Minor
 AEO 05/22/2024 22.62 05/28/2024 23.91 23 28.58  Close Signal Minor
 ALGN 05/21/2024 264.02 05/30/2024 256.50 1 -8.04  Close Signal Minor
 ALGT 05/21/2024 49.04 05/28/2024 48.97 10 -1.68  Close Signal Minor
 AIZ 05/20/2024 171.47 05/29/2024 168.35 3 -10.37  Close Signal Minor
 AGO 05/20/2024 75.21 05/24/2024 76.08 6 4.31  Close Signal Minor
 CLX 05/17/2024 135.62 05/31/2024 131.56 3 -12.98  Close Signal Minor
 JOUT 05/17/2024 36.94 05/31/2024 36.39 13 -8.10  Close Signal Minor
 FELE 05/17/2024 99.95 05/30/2024 97.64 5 -12.53  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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