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Strategies / Mean reversion / RSI Dip With Prior High Exit

RSI Dip With Prior High Exit

Buys one contract when the 2-period RSI falls below 15 while flat, a short-term oversold reading. Sells when the close rises above the previous bar high, with no stop or target.

Mean reversionLong onlySwingNasdaq 100Daily
2.09Profit factor
19,949Net profit EUR
62.18%Win rate
743Trades
-3,400Max drawdown
26.85Avg trade

Best run of 9. Nasdaq 100, Daily, spread 3, from run pf:2026-10-13-NAS100-D.tsv:4.

Entry rules, long

Exit rules

  1. The close is above the previous bar's high while a long is open, and the position is sold at market.

Test conditions

PeriodUp to 2026-10-13
InstrumentNasdaq 100, Daily
Spread3 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 tested2026-10-13

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
Nasdaq 100Best runDaily2.09 74362.1819,949 EUR-3,400
S&P 500Daily1.67 97062.474,723 EUR-847
EUR/USD4 hoursn/a 3,00063.4036,876 USD-22,491
Nikkei 225Dailyn/a 80965.0225,446 USD-10,461
Dow JonesDailyn/a 90364.7815,619 EUR-12,145
Dow Jones4 hoursn/a 69468.7310,008 EUR-7,994
DAX 40Dailyn/a 1,14456.129,443 EUR-6,097
FTSE 100Dailyn/a 79166.627,145 EUR-3,129
Dow Jones1 hourn/a 2,56366.726,813 EUR-6,313

Charts

Results by run

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// RSI Dip With Prior High Exit
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long only
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false

myRsi = RSI[2](close)

10 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
  • The code sets no stop loss, so a losing trade stays open until an exit signal arrives.
  • Results include the spread only. Commissions and overnight financing are not included.

Questions

About this strategy

Can I run RSI Dip With Prior High Exit 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 9 market and timeframe combinations. The best run was Nasdaq 100, Daily, with a profit factor of 2.09 over 743 trades.

How large was the drawdown?

The best run had a maximum drawdown of 3,400 EUR at the tested position size, against a net result of 19,949 EUR.

Does it trade long, short or both?

It only takes long trades.

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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.comStatsDocs