RSI(2) Dip Snapback on Charles Schwab
Buy extreme 2-day RSI washouts under 10, exit as soon as RSI(2) recovers above 70. Deployed to your own Charles Schwab account — no code, your assets never leave the broker.
Setup on Charles Schwab
- Click Connect on the Brokerage page — you'll authorize DeployQuant on Schwab's own site with scoped trade & read permissions.
- Build or fork a strategy and backtest it on minute-resolution history.
- Deploy to Schwab with its own cash allocation, isolated in a sleeve.
- Confirm live trading explicitly before the first real order.
- Monitor every decision in the journal; pause anything with one switch.
The strategy
- WHEN the market opens · IF not invested AND RSI(2) < 10 · THEN buy with 98% of the sleeve
- WHEN the market opens · IF invested AND RSI(2) > 70 · THEN sell the whole position
Good for: liquid index ETFs with strong long-term drift; turnover is high so per-trade edges are small.
Watch out: high trade counts make results sensitive to execution quality; a crash that keeps crashing will hand this template several losing entries in a row.
Strongest backtests for this strategy
| ETF | CAGR | max DD | trades |
|---|---|---|---|
| CLSE | 6.3793117942596455e+31% | −2344959.5% | 22 |
| SOXL | 41.8% | −58.5% | 160 |
| TQQQ | 39.2% | −43.3% | 158 |
| TECL | 29.4% | −51.0% | 152 |
| QLD | 26.8% | −29.5% | 157 |
| SSO | 25.7% | −25.2% | 164 |
| SPUU | 22.7% | −31.2% | 161 |
| FAS | 19.3% | −43.4% | 153 |
Top-8 by CAGR shown of 59 tested — hindsight selection; see the full table including the losers.
Build it from blocks (or type it in English), backtest it on 5.5 years of minute data in seconds, tweak any parameter, then paper trade it on live data. No card, no broker needed to start.
Frequently asked questions
How do I automate RSI(2) snapback on Charles Schwab?
Connect Charles Schwab to DeployQuant (trade & read permissions only), pick the RSI(2) Dip Snapback template or describe it in English, backtest it on your chosen ETF, allocate cash, and confirm live trading. The strategy then runs every session in its own sleeve inside your Charles Schwab account.
How often does RSI(2) trade?
Far more than RSI(14) — dozens of round trips per year on a volatile ETF. The backtest table on each page shows the exact count over the test window.
Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.