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Jake0303 / RobinHood-RSI-Trading-Bot

A Robinhood stock trading bot in Python using the RSI indicator https://youtu.be/kSLkRXY3NPQ
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Which BOT is more profitable ? #7

Open somepalliprudhvi1 opened 3 years ago

somepalliprudhvi1 commented 3 years ago

Hi Jake,

I know you created multiple BOT which can trade on their own as far as your experience may i know which code work's most effectually in your strategies?

Thanks Raj

Jake0303 commented 3 years ago

Hi @somepalliprudhvi1 / Raj, from my experience simple strategies tend to do the best and not overcomplicated strategies with a billion indicators. What's key is building a process to test new strategies then bring them live.

  1. Think of an idea like a SMA Crossover or buy at RSI 30 and sell at 70
  2. Backtest that idea for atleast 2 years. Is the backtest profitable
  3. Running in a paper trading account for a month. Is it still profitable.
  4. Run it live, rinse and repeat.