Strategies / Breakout / Fibonacci Band Breakout Filtered by RSI

Fibonacci Band Breakout Filtered by RSI

This idea buys when the median price breaks above a wide band around a long weighted average and sells short when it breaks below. It closes any position when the median price crosses back through the average.

BreakoutLong & shortIntradayNasdaq 10010 min

n/aProfit factor

6,089Net profit EUR

42.79%Win rate

638Trades

-4,920Max drawdown

9.54Avg trade

Best run of 18. Nasdaq 100, 10 min, spread 3, from run sweeps:2026-10-11-NAS100-10m-opt.tsv:45.

Entry rules, long

RSI(14) of the median price is above 60.

Entry rules, short

RSI(14) of the median price is below 40.

Exit rules

On a bar where the median price crosses the mid line, the bar only exits and does not enter.

Test conditions

Period	Up to 2026-10-11
Instrument	Nasdaq 100, 10 minutes
Spread	3 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	2026-10-11

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
Nasdaq 100Best run	10 min	n/a	638	42.79	6,089 EUR	-4,920
USD/JPY	Daily	n/a	36	44.44	1,451,310 USD	-543,900
USD/JPY	10 min	n/a	519	40.46	339,620 USD	-151,910
USD/JPY	15 min	n/a	502	42.43	257,890 USD	-194,010
USD/JPY	5 min	n/a	517	39.65	240,740 USD	-77,700
USD/JPY	3 min	n/a	496	37.10	109,190 USD	-60,900
EUR/USD	4 hours	n/a	95	41.05	31,286 USD	-29,006
Silver	4 hours	n/a	75	33.33	24,257 USD	-20,026
Silver	5 min	n/a	469	37.31	11,208 USD	-9,331
Nasdaq 100	4 hours	n/a	91	38.46	4,865 EUR	-2,953
DAX 40	5 min	n/a	541	36.04	3,259 EUR	-2,178
Gold	Daily	n/a	38	36.84	2,292 EUR	-1,072
Gold	3 min	n/a	446	37.44	1,506 EUR	-436
Gold	15 min	n/a	480	40.42	1,356 EUR	-811
Gold	30 min	n/a	486	39.30	1,181 EUR	-1,004
Gold	2 min	n/a	406	37.44	1,136 EUR	-605
Gold	1 hour	n/a	311	38.26	680 EUR	-650
Gold	1 min	n/a	370	37.03	374 EUR	-300

Charts

Results by run

Top 10 of 18 runs. The full list is in the table above.

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Fibonacci Band Breakout Filtered by RSI
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Breakout
// Direction: Long & short
// Timeframe tested: 10 minutes
// ==============================================================

DEFPARAM CumulateOrders = false

src = MedianPrice
ma = WeightedAverage[233](src)
kcatr = Average[89](TR(close))
kcup = ma + 2 * kcatr
kcdn = ma - 2 * kcatr
upthree = ma + 4.236 * (kcup - ma)
dnthree = ma - 4.236 * (ma - kcdn)
myRsi = RSI[14](src)

23 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

WMASMATrue RangeRSI

Read this firstKnown weaknesses3 points

No profit factor is available, because only sweep results exist for this strategy.
The maximum drawdown of 4,920 EUR is large next to the net profit of 6,089 EUR.
The code sets no stop loss, so a losing trade stays open until an exit signal arrives.

Questions

About this strategy

Can I run Fibonacci Band Breakout Filtered by RSI 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 18 market and timeframe combinations. The best run by trade count was Nasdaq 100, 10 minutes, with 638 trades.

How large was the drawdown?

The best run had a maximum drawdown of 4,920 EUR at the tested position size, against a net result of 6,089 EUR.

Does it trade long, short or both?

It trades both long and short.

Trend Surfer

Uses the same indicator.

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Volatility Spike Regression Long

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Big Candle Breakout

Also a breakout strategy.

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See how ProRealAlgos combines strategies like this into one automated portfolio.

Copy trading on US indices is available to ProRealAlgos members as spots open.

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