Having worked in algo development for trading, I can tell you right now that your assumption about RSI will always mean that your profits would be sub optimal compared to other algorithms with conventional technical analysis. RSI is basically a measure of the averaged gains and losses, and waiting for a divergence in the trend for the RSI would either mean a profit less than the peak, or a loss. Consider yourself lucky the market didn't kill you on your trades yet! Nice thinking though!
your second video and first video are contradicting the entry point
somsokor 3 years ago
Having worked in algo development for trading, I can tell you right now that your assumption about RSI will always mean that your profits would be sub optimal compared to other algorithms with conventional technical analysis. RSI is basically a measure of the averaged gains and losses, and waiting for a divergence in the trend for the RSI would either mean a profit less than the peak, or a loss. Consider yourself lucky the market didn't kill you on your trades yet! Nice thinking though!
comfortablesofa 3 years ago