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Strategies / Mean reversion / Band and RSI Reversal with Target

Band and RSI Reversal with Target

The system buys when price falls below the lower Bollinger Band with RSI under 30, and sells short above the upper band with RSI over 70. Each position takes a 3 percent profit and has no stop loss.

Mean reversionLong & shortIntradayFTSE 1005 min
n/aProfit factor
3,187Net profit EUR
64.54%Win rate
1,737Trades
-1,592Max drawdown
1.83Avg trade

Best run of 10. FTSE 100, 5 min, spread 2, from run sweeps:2026-10-11-FTSE100-5m-opt.tsv:13.

Entry rules, long

  1. After bar 40, the close is below the lower Bollinger Band (30 periods, 2 standard deviations) and RSI (13) is below 30.

Entry rules, short

  1. After bar 40, the close is above the upper Bollinger Band (30 periods, 2 standard deviations) and RSI (13) is above 70.

Exit rules

  2. There is no stop loss.
  3. An opposite signal closes the trade and reverses it.

Test conditions

PeriodUp to 2026-10-11
InstrumentFTSE 100, 5 minutes
Spread2 points
Starting capital1,000,000
CostsSpread only. Commissions and overnight financing are not included.
BarsUp to 200,000 bars, fewer where the instrument has less history
Last tested2026-10-11

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
FTSE 100Best run5 minn/a 1,73764.543,187 EUR-1,592
EUR/USD10 minn/a 1,62863.2729,396 USD-16,895
Dow JonesDailyn/a 16381.6028,668 EUR-8,977
Nikkei 2254 hoursn/a 26564.5315,365 USD-14,760
Dow Jones1 hourn/a 40563.7012,647 EUR-9,814
Dow Jones1 minn/a 1,51964.715,624 EUR-2,885
FTSE 100Dailyn/a 11980.675,519 EUR-3,926
FTSE 1001 hourn/a 98564.674,711 EUR-2,876
S&P 5004 hoursn/a 31665.822,578 EUR-1,314
GBP/USD5 minn/a 1,58566.501,998 USD-1,080

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Band and RSI Reversal with Target
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long & short
// Timeframe tested: 5 minutes
// ==============================================================

DEFPARAM CumulateOrders = false

basis = Average[30](close)
dev = 2 * STD[30](close)
upper = basis + dev
lower = basis - dev
myRsi = RSI[13](close)

12 more lines: the entry and exit rules.

Setup

How to load it

  1. Copy the code with the copy button on the code block.
  2. In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
  3. Paste the code, give the system a name and save it.
  4. Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

Bollinger BandsSMAStandard DeviationRSI
Read this firstKnown weaknesses2 points
  • No profit factor is available, because only sweep results exist for this strategy.
  • Results include the spread only. Commissions and overnight financing are not included.

Questions

About this strategy

Can I run Band and RSI Reversal with Target in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 10 market and timeframe combinations. The best run by trade count was FTSE 100, 5 minutes, with 1,737 trades.

How large was the drawdown?

The best run had a maximum drawdown of 1,592 EUR at the tested position size, against a net result of 3,187 EUR.

Does it trade long, short or both?

It trades both long and short.

Related

Strategies like this one

Trend Surfer

Uses the same indicator.

1.04 PF · 10,813 trades

DAX Survivor

Best run on the same market, FTSE 100.

1.17 PF · 1,514 trades

ATR Band

Also a mean reversion strategy.

10.31 PF · 53 trades

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Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.comStatsDocs