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Strategies / Mean reversion / RSI Oversold Recovery Long

RSI Oversold Recovery Long

It buys when RSI(14) crosses under 30 while flat. It sells when RSI(14) crosses over 40, with no stop loss or profit target.

Mean reversionLong onlySwingNasdaq 1004 hours
1.98Profit factor
8,779Net profit EUR
72.26%Win rate
310Trades
-1,907Max drawdown
28.32Avg trade

Best run of 13. Nasdaq 100, 4 hours, spread 3, from run pf:2026-10-05-NAS100-4h.tsv:6.

Entry rules, long

  1. RSI(14) crosses under 30 while no position is open.

Exit rules

  2. No stop loss or profit target is set.

Test conditions

PeriodUp to 2026-10-05
InstrumentNasdaq 100, 4 hours
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 tested2026-10-07

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
Nasdaq 100Best run4 hours1.98 31072.268,779 EUR-1,907
Nikkei 2254 hoursn/a 24369.9618,436 USD-8,346
Dow JonesDailyn/a 11074.5515,278 EUR-6,435
SilverDailyn/a 10768.229,374 USD-3,535
Dow Jones4 hoursn/a 9968.695,643 EUR-5,182
Nasdaq 100Dailyn/a 6978.265,395 EUR-2,772
DAX 40Dailyn/a 11964.715,035 EUR-4,444
FTSE 100Dailyn/a 8778.163,948 EUR-2,268
Silver1 minn/a 1,60166.773,296 USD-2,566
S&P 5004 hoursn/a 30370.631,916 EUR-602
S&P 500Dailyn/a 10764.49767 EUR-645
GoldDailyn/a 10667.92586 EUR-208
Gold2 minn/a 1,64468.07523 EUR-446

Charts

Results by run

Top 10 of 13 runs. The full list is in the table above.

Net profitMax drawdown

The code

ProBuilder code, as tested

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

DEFPARAM CumulateOrders = false

myRsi = RSI[14](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
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 available28,000
Net, standard 200,000-bar run8,779.30 EUR
Net, long run8,779.30 EUR
Net on the older data alone0.00 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 Oversold Recovery Long 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 Nasdaq 100, 4 hours, with a profit factor of 1.98 over 310 trades.

How large was the drawdown?

The best run had a maximum drawdown of 1,907 EUR at the tested position size, against a net result of 8,779 EUR.

Does it trade long, short or both?

It only takes long trades.

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

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