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Strategies / Mean reversion / RSI Level Bracket Trade

RSI Level Bracket Trade

Buys when RSI(14) falls below 40 and sells short when it rises above 60, with no new trade while a position is open. Each trade has a 2% stop loss and a 5% profit target from the entry price.

Mean reversionLong & shortSwingFTSE 100Daily
n/aProfit factor
5,895Net profit EUR
29.55%Win rate
819Trades
-4,469Max drawdown
7.20Avg trade

Best run of 10. FTSE 100, Daily, spread 2, from run sweeps:2026-10-11-FTSE100-D-opt.tsv:5.

Entry rules, long

  1. RSI(14) is below 40 and no position is open.

Entry rules, short

  1. RSI(14) is above 60 and no position is open.

Exit rules

  2. A profit target 5% from the entry price.
  3. No other exit applies.

Test conditions

PeriodUp to 2026-10-11
InstrumentFTSE 100, Daily
Spread2 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 tested2026-10-11

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
FTSE 100Best runDailyn/a 81929.555,895 EUR-4,469
USD/JPY3 minn/a 955.56223,300 USD-175,590
Nikkei 2251 hourn/a 69931.0430,963 USD-20,268
Nikkei 2254 hoursn/a 65430.7325,643 USD-15,022
Nikkei 22510 minn/a 25332.0222,596 USD-18,727
Nikkei 2252 minn/a 7833.3311,585 USD-11,399
FTSE 10030 minn/a 41033.907,383 EUR-3,641
DAX 403 minn/a 5038.006,418 EUR-4,704
FTSE 1004 hoursn/a 51331.975,862 EUR-3,493
US Crude Oil3 minn/a 35932.315,190 EUR-4,080

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// RSI Level Bracket Trade
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long & short
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false

myRsi = RSI[14](close)

13 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 4,469 EUR is large next to the net profit of 5,895 EUR.

Questions

About this strategy

Can I run RSI Level Bracket Trade 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 10 market and timeframe combinations. The best run by trade count was FTSE 100, Daily, with 819 trades.

How large was the drawdown?

The best run had a maximum drawdown of 4,469 EUR at the tested position size, against a net result of 5,895 EUR.

Does it trade long, short or both?

It trades both long and short.

Related

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Trend Surfer

Uses the same indicator.

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DAX Survivor

Best run on the same market, FTSE 100.

1.17 PF · 1,514 trades

ATR Band

Also a mean reversion strategy.

10.31 PF · 53 trades

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

The ProRealAlgos community gets the full rules, the complete code and the automated portfolio.

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