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Strategies / Mean reversion / RSI Overbought Oversold Brackets

RSI Overbought Oversold Brackets

Buys when RSI(14) falls below 30 and sells short when it rises above 70. Each trade carries a stop and a target set 50% from the entry price.

Mean reversionLong & shortSwingSilver1 hour
3.17Profit factor
506,600Net profit USD
59.83%Win rate
956Trades
-71,637Max drawdown
530Avg trade

Best run of 13. Silver, 1 hour, spread 2, from run pf:2026-10-12-SILVER-1h.tsv:8.

Entry rules, long

  2. A long entry reverses any open short position.

Entry rules, short

  2. A short entry reverses any open long position.

Exit rules

  2. A short closes at a stop 50% above entry or a target 50% below entry.
  3. An opposite RSI signal reverses the open position.

Test conditions

PeriodUp to 2026-10-12
InstrumentSilver, 1 hour
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 tested2026-10-12

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
SilverBest run1 hour3.17 95659.83506,600 USD-71,637
Dow JonesDaily2.21 11667.2445,149 EUR-9,416
FTSE 10010 min1.16 1,53565.474,612 EUR-1,076
EUR/USD10 minn/a 1,47663.1476,344 USD-27,877
Nikkei 2254 hoursn/a 24067.5042,553 USD-14,544
DAX 40Dailyn/a 12660.3214,688 EUR-8,515
DAX 404 hoursn/a 28564.2111,493 EUR-5,570
FTSE 100Dailyn/a 7972.157,978 EUR-5,082
FTSE 1001 hourn/a 94264.125,565 EUR-2,781
Dow Jones1 minn/a 1,37565.095,242 EUR-4,072
FTSE 1005 minn/a 1,64265.104,319 EUR-1,264
FTSE 1004 hoursn/a 23860.924,179 EUR-3,218
GBP/USD5 minn/a 1,49365.571,983 USD-888

Charts

Results by run

Top 10 of 13 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 Overbought Oversold Brackets
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long & short
// Timeframe tested: 1 hour
// ==============================================================

DEFPARAM CumulateOrders = false

myRsi = RSI[14](close)

14 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
  • 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 Overbought Oversold Brackets 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 13 market and timeframe combinations. The best run was Silver, 1 hour, with a profit factor of 3.17 over 956 trades.

How large was the drawdown?

The best run had a maximum drawdown of 71,636 USD at the tested position size, against a net result of 506,600 USD.

Does it trade long, short or both?

It trades both long and short.

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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