Larry Connors TPS strategy (long) [Rev.B] by Eugene

Connors TPS Strategy (long version)

Revision B (07/05/2020)

  1. Above 200MA
  2. The 2-period RSI is below 25 for 2 days in a row. Applies to the initial entry (Rev.B)
  3. Buy 10% of position on the close.
  4. If prices are lower on the close than previous entry price, any day in position, buy 20% more of the position.
  5. If prices are lower on the close than previous entry price, any day in position, buy 30% more of the position.
  6. If prices are lower on the close than previous entry price, any day in position, buy 40% more of the position.
  7. Exit on close when RSI(2) closes above 70.

Requires Community.Indicators library

Author: Eugene
Category: Dip Buyers
Creation Date: 7/5/2020
Licence: Freeware
Availability: Globally
Instructions for Script Download
  1. In Wealth-Lab client software, open the Strategy Explorer (Ctrl+O)
  2. Click the "Download..." button
  3. Click "Begin Download"
This website uses cookies to improve your experience. We'll assume you're ok with that, but you can opt-out if you wish (Read more).