I had the same doubt while starting out the analysis, so did couple of backtests with bottom RSI as well as RSI near 70 (not the topmost, but maybe trending to reach there). Results were not particularly encouraging. I am not sure about why it is so.
In my backtesting, I am yet to find a strategy without wild drawdowns and probable long drawdown periods. So I haven’t got the conviction to bet real money money in any quant system yet. Can you please elaborate and give some tips on the drawdown management and stock re-entry criterion which can be used in such systems?
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