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10 Day RSI Oversold Block
Today’s Change

A symphony is an automated trading strategy — Learn more about symphonies here

About

A daily, RSI-based trigger that shifts between the Nasdaq-100 levered ETF (TQQQ) and a cash-like asset (BIL) depending on oversold signals across four RSI windows (5, 10, 15, 20 days). If any window shows RSI below its threshold, invest in TQQQ; if none do, park in BIL. Designed to buy dips in Nasdaq-100 via a 3x levered ETF and otherwise stay in near-cash to reduce risk.
NutHow it works
What RSI is: a number from 0 to 100 that tries to summarize how strong price moves have been recently. A low number (roughly below 30) suggests the asset has recently fallen a lot and might bounce back; a high number (roughly above 70) suggests it has risen a lot and might pull back. This strategy uses RSI across four timeframes for the same asset (TQQQ): 5 days, 10 days, 15 days, and 20 days. It compares each RSI to a threshold (5-day: 25, 10-day: 32.5, 15-day: 35, 20-day: 37.5). The checks are arranged in a sequence: if the 5-day RSI is below 25, tell me to buy/hold TQQQ; else check if the 10-day RSI is below 32.5; if that’s true, buy/hold TQQQ; else check 15-day RSI below 35; else check 20-day RSI below 37.5. If none of these conditions are met, move to BIL (cash-like). The result is a daily decision between two possible holdings: TQQQ (when oversold by any window) or BIL (when not). The strategy uses a 30-day window for its lookback context. In plain terms: it’s a rule saying “if Nasdaq-100 looks cheap on multiple recent checks, go for the levered Nasdaq ETF; otherwise stay in a cash-like position.” Pros: simple rules, explicit conditions, clear exit to cash. Cons: levered ETF risk, RSI lag, potential for frequent switching in choppy markets, and a concentrated bet on one index (Nasdaq-100).
CheckmarkValue prop
RSI-based dip-buy on Nasdaq-100 with a cash shield. When any window signals oversold, you gain Nasdaq upside with 3x leverage; otherwise you stay near cash. A clear, rule-based complement to the S&P 500 with defined risk and upside potential.
1M
3M
6M
YTD
1Y
3Y
Max
Performance
Compared to selected benchmarks
AlphaBetaR2R
0.150.620.210.45
Performance Metrics
Cumulative ReturnAnnualized ReturnTrailing 1M ReturnTrailing 3M ReturnSharpe Ratio
633.83%13.39%-1.77%0.2%0.82
2,634.27%23.19%0.27%5.11%1
Initial Investment
$10,000.00
Final Value
$273,426.56
Regulatory Fees
$603.21
Total Slippage
$2,603.64
Invest in this strategy
OOS Start Date
Sep 23, 2024
Trading Setting
Daily
Type
Stocks
Category
Momentum, rsi, leveraged etf, cash allocation, daily rebalance, short-term risk management
Tickers in this symphonyThis symphony trades 2 assets in total
Ticker
Type
BIL
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
Stocks
TQQQ
ProShares UltraPro QQQ
Stocks

FAQ

A Composer symphony is an automated trading strategy that executes trades based on parameters of your choice. Some symphonies are similar to holding one ETF in normal conditions and rotating to a different ETF when market conditions shift, for example a 5% drop in the S&P 500, while others use complex rules with dozens of triggers. However, complex doesn’t always mean better. A simple, well-structured symphony can be just as effective as an intricate one. Learn more about how symphonies work here.

"10 Day RSI Oversold Block" is currently performing the same as yesterday today. Performance updates in real time during market hours.

"10 Day RSI Oversold Block" is currently allocated toBIL. Holdings automatically adjust as market conditions change based on the strategy's rules.

Year-to-date, "10 Day RSI Oversold Block" has returned 17.64%. You can adjust the performance chart above to view returns across different time horizons.

The maximum drawdown for "10 Day RSI Oversold Block" is 24.93%. The maximum drawdown measures the largest peak-to-trough decline. It's an important metric to evaluate risk and the strategy's behavior during market stress.

To invest in "10 Day RSI Oversold Block", simply click the Invest button on this page. You'll need to open an account with Composer if you don't have one yet, then you can start investing. Composer will automatically execute the trades for you based on the strategy's rules. Composer also supports trading individual stocks, ETFs, and options.