Profitable RSI optimizes 3 parameters!

Oct 8, 2019

Well, it's just a small public announcement.
I went to this for a long time and now it has become possible. Profitable RSI now handles 3 parameters of the standard RSI indicator to find the best tuple of settings. So, additionally to period setting, the optimizer takes under consideration different Overbought (from 60 to 70) and Oversold levels (from 30 to 40) for each RSI period.

Four main conclusions from my research (if you gonna trade with RSI):

• The OB/OS levels are not necessary to be the standard 70/30 ones. With all my respect to J. Welles Wilder, but those bounds cannot be considered optimal.
  
• The OB/OS levels can be asymmetric. So OB can be 65 while OS is 39. Not 70/30, not 60/40 and not 75/25. Asymmetric ones.
  
• There is no efficient trading with period setting higher than 50.
  
• We can make a feast even from the old indicator
  

And the last thing I wanted to add - let's not live in the old paradigms. The world is changing, trading is changing and we must change too. Don't be afraid to experiment with something new for you.

The tool I talked about, the Profitable RSI, is here

Good luck, Good health, God bless you