Strategies / Mean reversion / Fair Value Gap RSI Reversion

Fair Value Gap RSI Reversion

Buys after a bullish bar whose high sits below the low from 12 bars earlier, when RSI(14) is below 20 and the close is under both EMAs. Shorts the mirror setup with RSI above 80, and each trade has a 4 times ATR(14) target.

Mean reversionLong & shortSwingSilver1 hour

12.02Profit factor

552,414Net profit USD

77.42%Win rate

155Trades

-35,553Max drawdown

3,564Avg trade

Best run of 24. Silver, 1 hour, spread 2, from run pf:2026-10-12-SILVER-1h.tsv:16.

Entry rules, long

The current high is below the low from 12 bars earlier.
The bar closes above its open.
The close is below both the 20-period EMA and the 100-period EMA.

Entry rules, short

The current low is above the high from 12 bars earlier.
The bar closes below its open.
The close is above both the 20-period EMA and the 100-period EMA.

Exit rules

The short closes once a bar closes at or below the target, 4 times the 14-period ATR below the signal close.
An opposite signal reverses the position, and no stop loss is set.

Test conditions

Period	Up to 2026-10-12
Instrument	Silver, 1 hour
Spread	2 points
Starting capital	1,000,000
Costs	Spread only. Commissions and overnight financing are not included.
Bars	Up to 200,000 bars, fewer where the instrument has less history
Last tested	2026-10-12

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
SilverBest run	1 hour	12.02	155	77.42	552,414 USD	-35,553
FTSE 100	30 min	2.59	205	82.44	5,993 EUR	-854
Dow Jones	3 min	2.35	153	82.35	9,736 EUR	-1,682
Nikkei 225	5 min	n/a	198	78.79	15,076 USD	-7,134
Nikkei 225	10 min	n/a	196	80.10	11,593 USD	-6,786
US Crude Oil	15 min	n/a	179	81.01	8,127 EUR	-4,642
Dow Jones	2 min	n/a	152	85.53	7,109 EUR	-2,204
GBP/USD	Daily	n/a	17	76.47	5,729 USD	-3,706
Brent Crude	15 min	n/a	166	76.51	5,365 EUR	-3,736
GBP/USD	1 hour	n/a	169	80.47	5,127 USD	-2,371
US Crude Oil	Daily	n/a	9	88.89	3,804 EUR	-3,342
FTSE 100	1 hour	n/a	114	82.46	3,803 EUR	-1,008
Brent Crude	2 min	n/a	154	79.22	3,203 EUR	-2,006
FTSE 100	4 hours	n/a	25	92.00	2,966 EUR	-639
US Crude Oil	2 min	n/a	145	84.83	2,965 EUR	-2,140
EUR/USD	1 min	n/a	139	81.29	2,814 USD	-1,278
Nasdaq 100	Daily	n/a	8	75.00	2,597 EUR	-1,859
Brent Crude	1 min	n/a	151	76.82	2,390 EUR	-1,505
Nasdaq 100	2 min	n/a	142	81.69	2,384 EUR	-1,908
DAX 40	1 min	n/a	107	79.44	1,114 EUR	-1,015
S&P 500	2 min	n/a	124	89.52	1,003 EUR	-368
FTSE 100	3 min	n/a	157	78.98	553 EUR	-535
S&P 500	1 min	n/a	72	86.11	455 EUR	-177
GBP/USD	2 min	n/a	140	84.29	446 USD	-380

Charts

Results by run

Top 10 of 24 runs. The full list is in the table above.

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// Fair Value Gap RSI Reversion
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long & short
// Timeframe tested: 1 hour
// ==============================================================

DEFPARAM CumulateOrders = false

ONCE intrade = 0
ONCE islong = 0
ONCE isshort = 0
ONCE longtp = 0
ONCE shorttp = 0

myRsi = RSI[14](close)
myAtr = AverageTrueRange[14](close)
emalower = ExponentialAverage[20](close)
emaupper = ExponentialAverage[100](close)

41 more lines: the entry and exit rules.

Setup

How to load it

Copy the code with the copy button on the code block.
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".
Paste the code, give the system a name and save it.
Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

RSIATREMA

Read this firstKnown weaknesses2 points

Results include the spread only. Commissions and overnight financing are not included.
The code is published as it was backtested and has not been compiled again since.

Questions

About this strategy

Can I run Fair Value Gap RSI Reversion 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 24 market and timeframe combinations. The best run was Silver, 1 hour, with a profit factor of 12.02 over 155 trades.

How large was the drawdown?

The best run had a maximum drawdown of 35,552 USD at the tested position size, against a net result of 552,414 USD.

Does it trade long, short or both?

It trades both long and short.

Trend Surfer

Uses the same indicator.

1.04 PF · 10,813 trades

SMA Crossover With RSI Exit

Best run on the same market, Silver.

2.13 PF · 8,999 trades

ATR Band Reversion Long

Also a mean reversion strategy.

10.86 PF · 256 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.com Stats Docs

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