RSI QQQ Explained (RSI Mean Reversion Trading Strategy QQQ)
In this article, we look at how the RSI performs on QQQ — an RSI mean reversion trading strategy. At the end of the article, we add another indicator to boost performance (successfully). RSI 2 QQQ works well!
Let’s test the RSI trading strategy by setting the RSI reading to lower than x — thus we have an RSI 2 strategy on Nasdaq and QQQ. The trading rules are like this:
- RSI(2) must be lower than 10.
- If number one is true, then enter at the close.
- Exit at the close when today’s close is higher than yesterday’s high.
The RSI 2 strategy produces the equity curve (logarithmic chart) as shown below from QQQ’s inception until today.
Can the strategy be improved or made different? If you have any suggestions, please comment 👇
You can find more info about this trading strategy here:
https://www.quantifiedstrategies.com/rsi2-on-qqq-nasdaq/
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