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Strategies / Mean reversion / Short Term RSI Pullback Long

Short Term RSI Pullback Long

It buys when the 2 period RSI drops below 10 while the close is above its 200 period average. It sells when the close rises above its 5 period average.

Mean reversionLong onlySwingUSD/JPYDaily
2.66Profit factor
1,372Net profit USD
64.71%Win rate
34Trades
-459Max drawdown
40.36Avg trade

Best run of 2. USD/JPY, Daily, spread 1.4, from run pf:2026-10-10-USDJPY-D.tsv:26.

Entry rules, long

Exit rules

  1. The close is above its 5 period simple moving average, closing the long.

Test conditions

PeriodUp to 2026-10-10
InstrumentUSD/JPY, Daily
Spread1.4 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 tested2026-10-10

Every run

Markets and timeframes tested

MarketTimeframePFTradesWin %NetMax DD
USD/JPYBest runDaily2.66 3464.711,372 USD-459
US Crude OilDaily1.49 26065.7715,559 EUR-4,624

Charts

Results by run

Above 1.0 made money, below 1.0 lost money.

The code

ProBuilder code, as tested

// ==============================================================
// Short Term RSI Pullback Long
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Mean reversion
// Direction: Long only
// Timeframe tested: Daily
// ==============================================================

DEFPARAM CumulateOrders = false
ONCE capital = 10000

20 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

RSISMA
Read this firstKnown weaknesses2 points
  • The best run has only 34 trades, which is a small sample to judge it on.
  • The code sets no stop loss, so a losing trade stays open until an exit signal arrives.

Questions

About this strategy

Can I run Short Term RSI Pullback 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 2 market and timeframe combinations. The best run was USD/JPY, Daily, with a profit factor of 2.66 over 34 trades.

How large was the drawdown?

The best run had a maximum drawdown of 459 USD at the tested position size, against a net result of 1,372 USD.

Does it trade long, short or both?

It only takes long trades.

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IBS Mean Reversion

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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