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Larry ConnorsLarry ConnorsPromising 1DChannel

RSI(2) mean reversion

75.0%Win rate
32Trades
2.10Profit factor
+48.3%Return · hold +1482.4%
20.4%Drawdown

Account curve

BTCUSDT · 1D · 7.5 years
+48.3%32 trades · trailed holding by 1434.1 pts
StrategyBuy & hold

Verdict

75.0%win rate
Promising
Win rate 50% or above (passed)75.0%
Ended in profit (passed)+48.3%
More than 50 trades (not passed)32

Wins and losses

24of 32 won
Wins 24Losses 8
Drawdown20%
Hold drawdown75%
Time in market5%

Rules

Timeframe1D
1D
Setup / filterclose > SMA(200)
close > SMA(200)
EntryRSI(2) < 5 → market at the next candle open
RSI(2) < 5 → market at the next candle open
StopNONE — no stop-loss rule was provided, so no stop is placed
NONE — no stop-loss rule was provided, so no stop is placed
Target / exitTarget: no fixed target · Rule exit: a close above SMA(5) closes the trade at the next open
Target: no fixed target · Rule exit: a close above SMA(5) closes the trade at the next open
Risk1% of equity as trade notional (there is no stop, so this is not risk to a stop)
1% of equity as trade notional (there is no stop, so this is not risk to a stop)

Differences from the video

4
Shown on every result

Short trades (the mirror rules below the 200-day average) cannot be executed on Spot, so only the long side is tested.

The published rules use NO stop loss, so R-based statistics are undefined and the position size is a fixed notional, not risk to a stop.

Connors published this for US equities and ETFs; this test runs on the crypto pair you named.

Connors reports RSI(2) thresholds of 10, 5 and 2; the book's core table uses 5, which is what is tested.

Rules executed5
Published sources2

Sources

chartschool.stockcharts.comeasylanguagemastery.com

Every backtest of these rules