This strategy is an alternated version of inwCoin RSI Bull/Bear div Strategy. Because I want to know if the popular "STO RSI Divergence" Strategy really work in real trade? The good thing about Sto RSI that it can provide us with more entry data for both long and short. Because sometime RSI will never go to OB or OS zone again.. But sto will keep swinging between OB and OS zone.
Entry Condition ============= BUY = Smooth K is higher low + price is lower low SELL = Smooth K is lower high + price is higher high
Other Parameters =============== - Use stop loss + stop loss % - Data source for high/low price check - Lookback period for divergence
Conclusion ========== This strategy is working great for short entry when market is in sideway down. Like in 1/7/2019 - 1/1/2020 or 1/1/2018-1/1/2019
But your portfolio will go kaboom if you short in the uptrend....
Also, this is not the good strategy for trend following + long position But it's great addition if you want to pyramid your position in uptrend. or looking for good spot to entry long if you miss the uptrend bus.