Strategies / Momentum / Monthly RSI Above Average

Monthly RSI Above Average

The strategy buys 1 contract when the monthly RSI(14) is above its 14 period average and sells when it falls below. Values come from completed monthly bars, so signals update on daily or lower charts.

MomentumLong onlySwingS&P 500Daily

n/aProfit factor

3,370Net profit EUR

49.18%Win rate

61Trades

-674Max drawdown

55.25Avg trade

Best run of 64. S&P 500, Daily, spread 1, from run sweeps:2026-10-12-USA500-D-opt.tsv:49.

Entry rules, long

No position is open.

Exit rules

The monthly RSI(14) is below its 14 period average while a long position is open, closing it by selling 1 contract at market.

Test conditions

Period	Up to 2026-10-12
Instrument	S&P 500, Daily
Spread	1 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
S&P 500Best run	Daily	n/a	61	49.18	3,370 EUR	-674
USD/JPY	30 min	n/a	14	35.71	375,820 USD	-268,580
EUR/USD	Daily	n/a	39	38.46	64,766 USD	-34,761
EUR/USD	1 hour	n/a	25	40.00	40,724 USD	-30,809
EUR/USD	4 hours	n/a	25	40.00	40,299 USD	-30,329
Nikkei 225	Daily	n/a	41	36.59	37,373 USD	-17,023
Nikkei 225	4 hours	n/a	11	63.64	36,691 USD	-11,811
Nikkei 225	1 hour	n/a	11	63.64	36,668 USD	-12,691
Nikkei 225	30 min	n/a	11	63.64	36,359 USD	-12,879
Silver	1 hour	n/a	20	40.00	29,693 USD	-28,231
Silver	4 hours	n/a	20	40.00	29,537 USD	-27,293
Silver	Daily	n/a	50	26.00	27,556 USD	-25,287
Nikkei 225	15 min	n/a	8	50.00	25,485 USD	-13,076
Nikkei 225	2 min	n/a	1	100.00	22,510 USD	-13,121
Nikkei 225	10 min	n/a	5	60.00	21,514 USD	-12,992
Nasdaq 100	Daily	n/a	39	43.59	19,972 EUR	-3,269
Nikkei 225	5 min	n/a	3	100.00	18,602 USD	-13,126
Nikkei 225	3 min	n/a	2	100.00	18,357 USD	-13,081
DAX 40	Daily	n/a	45	48.89	17,935 EUR	-3,965
Dow Jones	Daily	n/a	56	50.00	17,381 EUR	-9,070
Nikkei 225	1 min	n/a	1	100.00	15,995 USD	-13,148
Nasdaq 100	4 hours	n/a	17	58.82	15,989 EUR	-3,540
Nasdaq 100	1 hour	n/a	17	58.82	15,957 EUR	-3,672
Nasdaq 100	30 min	n/a	15	60.00	15,849 EUR	-3,672
Nasdaq 100	15 min	n/a	9	66.67	13,006 EUR	-3,734
Nasdaq 100	10 min	n/a	4	100.00	11,591 EUR	-3,752
DAX 40	1 hour	n/a	14	50.00	9,845 EUR	-4,215
DAX 40	4 hours	n/a	14	50.00	9,808 EUR	-4,215
DAX 40	30 min	n/a	14	50.00	9,349 EUR	-4,244
US Crude Oil	Daily	n/a	45	40.00	8,639 EUR	-6,131
Dow Jones	5 min	n/a	3	100.00	8,371 EUR	-5,661
Nasdaq 100	1 min	n/a	1	100.00	7,341 EUR	-3,760
Nasdaq 100	2 min	n/a	1	100.00	6,846 EUR	-3,756
Nasdaq 100	5 min	n/a	3	100.00	6,668 EUR	-3,754
Dow Jones	30 min	n/a	6	50.00	6,577 EUR	-5,626
Dow Jones	15 min	n/a	6	50.00	6,554 EUR	-5,635
Dow Jones	1 hour	n/a	6	50.00	6,514 EUR	-5,626
Dow Jones	10 min	n/a	6	50.00	6,491 EUR	-5,645
DAX 40	5 min	n/a	1	100.00	6,471 EUR	-4,463
Dow Jones	4 hours	n/a	6	50.00	6,408 EUR	-5,533
DAX 40	15 min	n/a	7	42.86	6,392 EUR	-4,330
Brent Crude	10 min	n/a	8	50.00	5,802 EUR	-4,605
DAX 40	10 min	n/a	4	50.00	5,623 EUR	-4,419
Dow Jones	1 min	n/a	1	100.00	5,615 EUR	-4,166
Gold	Daily	n/a	45	42.22	3,778 EUR	-1,108
S&P 500	4 hours	n/a	18	61.11	3,275 EUR	-673
S&P 500	1 hour	n/a	18	61.11	3,266 EUR	-681
Gold	1 hour	n/a	17	52.94	3,187 EUR	-1,358
Gold	4 hours	n/a	17	52.94	3,186 EUR	-1,345
S&P 500	30 min	n/a	16	62.50	3,186 EUR	-688
Gold	15 min	n/a	4	75.00	3,083 EUR	-1,456
Gold	30 min	n/a	15	53.33	3,058 EUR	-1,449
Gold	10 min	n/a	3	100.00	2,755 EUR	-1,471
Gold	5 min	n/a	1	100.00	2,701 EUR	-1,471
DAX 40	1 min	n/a	1	100.00	2,469 EUR	-1,831
S&P 500	15 min	n/a	10	80.00	2,418 EUR	-688
FTSE 100	5 min	n/a	3	66.67	2,398 EUR	-1,320
S&P 500	10 min	n/a	6	100.00	2,061 EUR	-706
Gold	3 min	n/a	1	100.00	1,903 EUR	-1,479
S&P 500	5 min	n/a	4	100.00	1,626 EUR	-694
FTSE 100	3 min	n/a	2	50.00	1,463 EUR	-1,372
FTSE 100	2 min	n/a	1	100.00	1,388 EUR	-1,265
S&P 500	2 min	n/a	1	100.00	1,319 EUR	-699
S&P 500	1 min	n/a	1	100.00	1,248 EUR	-396

Charts

Results by run

Top 10 of 64 runs. The full list is in the table above.

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Monthly RSI Above Average
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Momentum
// Direction: Long only
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false

TIMEFRAME(monthly, updateonclose)
rsim = RSI[14](close)
rsis = Average[14](rsim)
TIMEFRAME(default)

8 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

RSISMA

Read this firstKnown weaknesses3 points

No profit factor is available, because only sweep results exist for this strategy.
The best run has only 61 trades, which is a small sample to judge it on.
The code sets no stop loss, so a losing trade stays open until an exit signal arrives.

Questions

About this strategy

Can I run Monthly RSI Above Average 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 64 market and timeframe combinations. The best run by trade count was S&P 500, Daily, with 61 trades.

How large was the drawdown?

The best run had a maximum drawdown of 674 EUR at the tested position size, against a net result of 3,370 EUR.

Does it trade long, short or both?

It only takes long trades.

Trend Surfer

Uses the same indicator.

1.04 PF · 10,813 trades

CCI Sign With EMA Alignment

Best run on the same market, S&P 500.

1.23 PF · 1,253 trades

ATR Momentum

Also a momentum strategy.

n/a PF · 15,021 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