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Strategies / Mean reversion / Bullish Bar Bounce Long

Bullish Bar Bounce Long

The system buys after a bullish bar with above-average volume follows a dip below the lower Bollinger Band with RSI under 35. It places a 1.9 percent stop below the fill and a target tied to the prior bar's upper band.

Mean reversionLong onlyIntradayGold15 min
n/aProfit factor
1,180Net profit EUR
70.55%Win rate
489Trades
-823Max drawdown
2.41Avg trade

Best run of 13. Gold, 15 min, spread 0.6, from run sweeps:2026-10-03-GOLD-15m-opt.tsv:13.

Entry rules, long

  2. The prior bar closes above its open, and its volume is more than 1.3 times the 20-period average volume.

Exit rules

  2. A target sits a fixed distance above the fill, equal to the prior upper band minus the signal close.

Test conditions

PeriodUp to 2026-10-03
InstrumentGold, 15 minutes
Spread0.6 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 tested2026-10-03

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
GoldBest run15 minn/a 48970.551,180 EUR-823
Nikkei 2255 minn/a 39172.1211,581 USD-9,666
Dow JonesDailyn/a 1136.3610,468 EUR-3,366
DAX 40Dailyn/a 1118.184,802 EUR-1,736
DAX 401 hourn/a 24554.694,273 EUR-4,249
Nasdaq 100Dailyn/a 1020.003,609 EUR-3,135
FTSE 10010 minn/a 38879.382,740 EUR-845
S&P 500Dailyn/a 1533.331,749 EUR-525
FTSE 1003 minn/a 24588.571,425 EUR-872
FTSE 1004 hoursn/a 5745.611,237 EUR-920
FTSE 1005 minn/a 26085.381,035 EUR-985
S&P 5004 hoursn/a 3455.881,022 EUR-671
GBP/USDDailyn/a 16100.001.80 USD-0.00

Charts

Results by run

Top 10 of 13 runs. The full list is in the table above.

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Bullish Bar Bounce Long
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long only
// Timeframe tested: 15 minutes
// ==============================================================

DEFPARAM CumulateOrders = false

myRsi = RSI[14](close)
volma = Average[20](Volume)
basis = Average[20](close)
dev = 2.0 * STD[20](close)
bbupper = basis + dev
bblower = basis - dev

15 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 DeviationRSIVolume
Read this firstKnown weaknesses2 points
  • No profit factor is available, because only sweep results exist for this strategy.
  • The maximum drawdown of 823 EUR is large next to the net profit of 1,180 EUR.

Questions

About this strategy

Can I run Bullish Bar Bounce Long 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 13 market and timeframe combinations. The best run by trade count was Gold, 15 minutes, with 489 trades.

How large was the drawdown?

The best run had a maximum drawdown of 823 EUR at the tested position size, against a net result of 1,180 EUR.

Does it trade long, short or both?

It only takes long trades.

Related

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CCI Breakout

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ATR Band

Also a mean reversion strategy.

10.31 PF · 53 trades

Get the full rules, the complete code and the ProRealAlgos portfolio as a member.

The ProRealAlgos community gets the full rules, the complete code and the automated portfolio.

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