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Strategies / Breakout / RSI 70 Momentum Breakout

RSI 70 Momentum Breakout

Buys when the 14 period RSI closes above 70 after being at or below 70 on the prior bar. Sells when the RSI crosses back below 70, and the strategy trades long only.

BreakoutLong onlySwingGoldDaily
n/aProfit factor
1,123Net profit EUR
32.21%Win rate
267Trades
-754Max drawdown
4.21Avg trade

Best run of 2. Gold, Daily, spread 0.6, from run sweeps:2026-10-07-GOLD-D-opt.tsv:45.

Entry rules, long

  1. The 14 period RSI is above 70 and was at or below 70 on the previous bar

Exit rules

  2. No stop or target is set

Test conditions

PeriodUp to 2026-10-07
InstrumentGold, Daily
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 tested2026-10-10

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
GoldBest runDailyn/a 26732.211,123 EUR-754
GBP/USDDailyn/a 20435.293,324 USD-1,609

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// RSI 70 Momentum Breakout
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Breakout
// Direction: Long only
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false

myRsi = RSI[14](close)

9 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

RSI
Read this firstKnown weaknesses2 points
  • No profit factor is available, because only sweep results exist for this strategy.
  • The maximum drawdown of 754 EUR is large next to the net profit of 1,123 EUR.

Questions

About this strategy

Can I run RSI 70 Momentum Breakout 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 2 market and timeframe combinations. The best run by trade count was Gold, Daily, with 267 trades.

How large was the drawdown?

The best run had a maximum drawdown of 754 EUR at the tested position size, against a net result of 1,123 EUR.

Does it trade long, short or both?

It only takes long trades.

Related

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Big Candle Breakout

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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