RSI Fibonacci Reversal Strategy (Intraday Hunter) by Veberloan
By Veberloan
Performance Metrics
- Author: Veberloan
- Symbol: AMEX:SPY
- Timeframe: 5 minutes
- Net P&L: +5,684.20 USD (+113.21%)
- Win Rate: 73.7%
- Profit Factor: 5.338
- Max Drawdown: 2,156.20 USD (29.32%)
- Total Trades: 76
Description
This strategy is designed to capture intraday reversals by combining RSI momentum shifts with Fibonacci retracement levels, filtered by high-probability trading sessions.It focuses on identifying bottom formations and local tops, allowing multiple entries during strong trends while exiting fully on reversal signals.Best Used For:SPY / SPXL / NASDAQIntraday tradingMomentum reversals0DTE / short-term strategies⚠️ DisclaimerThis strategy is for educational purposes only. Past performance does not guarantee future results. Always manage risk properly.