Strategies / Mean reversion / RSI Fibonacci Retracement Reversal

RSI Fibonacci Retracement Reversal

Buys when RSI(14) crosses above 30 while the close is above the 0.618 retracement of the last 2 bars' range. Closes the long when RSI(14) crosses below 70 with the close under the 0.382 level.

Mean reversionLong onlySwingNasdaq 1004 hours

2.64Profit factor

18,284Net profit EUR

75.48%Win rate

155Trades

-4,190Max drawdown

118Avg trade

Best run of 31. Nasdaq 100, 4 hours, spread 3, from run pf:2026-10-05-NAS100-4h.tsv:8.

Entry rules, long

The close is above the 0.618 retracement level of the 2-bar high and low range.
Both conditions must hold on the same bar.

Exit rules

No stop loss or profit target is set.

Test conditions

Period	Up to 2026-10-05
Instrument	Nasdaq 100, 4 hours
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	2026-10-05

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
Nasdaq 100Best run	4 hours	2.64	155	75.48	18,284 EUR	-4,190
DAX 40	4 hours	2.11	140	72.86	17,642 EUR	-4,192
Dow Jones	Daily	n/a	54	83.33	42,658 EUR	-8,615
Nikkei 225	4 hours	n/a	115	76.52	38,032 USD	-9,638
Nikkei 225	1 hour	n/a	402	67.16	32,147 USD	-10,042
Nikkei 225	30 min	n/a	780	66.79	28,050 USD	-8,821
Nikkei 225	15 min	n/a	795	64.40	25,209 USD	-13,269
Nikkei 225	10 min	n/a	782	64.32	17,534 USD	-11,286
DAX 40	Daily	n/a	58	72.41	17,061 EUR	-4,933
Nasdaq 100	30 min	n/a	786	69.59	15,548 EUR	-4,838
Nikkei 225	5 min	n/a	792	62.88	14,678 USD	-11,096
Silver	Daily	n/a	50	76.00	13,089 USD	-7,304
DAX 40	1 hour	n/a	494	67.21	13,012 EUR	-5,700
Dow Jones	30 min	n/a	342	66.08	12,883 EUR	-9,849
Dow Jones	1 hour	n/a	185	68.65	12,134 EUR	-10,104
Nasdaq 100	1 hour	n/a	533	71.29	11,814 EUR	-5,551
Dow Jones	15 min	n/a	642	66.36	10,201 EUR	-9,360
Nasdaq 100	15 min	n/a	801	64.17	9,564 EUR	-4,731
Dow Jones	10 min	n/a	770	65.45	8,312 EUR	-8,147
DAX 40	30 min	n/a	806	64.39	8,003 EUR	-4,845
Nasdaq 100	Daily	n/a	39	76.92	7,618 EUR	-4,428
FTSE 100	Daily	n/a	36	86.11	6,441 EUR	-3,190
FTSE 100	4 hours	n/a	116	71.55	4,694 EUR	-2,879
FTSE 100	1 hour	n/a	455	67.69	4,614 EUR	-2,571
S&P 500	4 hours	n/a	136	75.74	4,013 EUR	-1,298
S&P 500	1 hour	n/a	535	71.40	3,566 EUR	-1,383
FTSE 100	10 min	n/a	736	66.03	3,549 EUR	-1,055
S&P 500	30 min	n/a	763	69.20	3,485 EUR	-952
FTSE 100	5 min	n/a	788	67.51	3,205 EUR	-1,022
S&P 500	Daily	n/a	48	79.17	2,507 EUR	-945
Gold	4 hours	n/a	134	68.66	1,727 EUR	-701

Charts

Results by run

Top 10 of 31 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

// ==============================================================
// RSI Fibonacci Retracement Reversal
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long only
// Timeframe tested: 4 hours
// ==============================================================

DEFPARAM CumulateOrders = false

hh = highest[2](high)
ll = lowest[2](low)
fibrange = hh - ll
fiblow = hh - fibrange * 0.382
fibhigh = hh - fibrange * 0.618
myRsi = RSI[14](close)

13 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

RSI

Longer historyRe-run on up to 1,000,000 barsNasdaq 100 · 4 hours · older data 0.00 EUR

Nasdaq 100 had no history beyond the standard run, so both runs used 28,000 bars.

Nasdaq 100 · 4 hours

Bars available	28,000
Net, standard 200,000-bar run	18,283.50 EUR
Net, long run	18,283.50 EUR
Net on the older data alone	0.00 EUR

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 RSI Fibonacci Retracement Reversal 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 31 market and timeframe combinations. The best run was Nasdaq 100, 4 hours, with a profit factor of 2.64 over 155 trades.

How large was the drawdown?

The best run had a maximum drawdown of 4,190 EUR at the tested position size, against a net result of 18,284 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

Volatility Spike Regression Long

Best run on the same market, Nasdaq 100.

1.22 PF · 1,850 trades

IBS Mean Reversion

Also a mean reversion strategy.

2.65 PF · 380 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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