CNPS17-RSI_SIGNALS — Strategy by PhaisinhOnline
By PhaisinhOnline
Performance Metrics
- Author: PhaisinhOnline
- Symbol: HNX:VN301!
- Timeframe: 1 minute
Description
CNPS17 RSI SIGNALSCNPS17 is an intraday mean-reversion and momentum-confirmation strategy built around RSI extreme zones and strong price-action candles.The strategy distinguishes between two classes of setups:• Extreme RSI signals• RSI zone + strong candle signalsThe objective is to identify moments when momentum reaches an extreme or when price begins reacting strongly from an important RSI zone.━━━━━━━━━━━━━━━━━━1. STRATEGY CONCEPT━━━━━━━━━━━━━━━━━━The strategy uses RSI with four important levels:Overbought: 80Resistance: 68Support: 35Oversold: 20These levels create two different signal groups.EXTREME SIGNALSSELL 80:RSI crosses upward into the 80 overbought zone→ Short setupBUY 80:RSI crosses downward into the 20 oversold zone→ Long setupZONE CONFIRMATION SIGNALSSELL 70:RSI has recently traded at or above the 68 resistance zone+A strong bearish candle appears→ Short setupBUY 70:RSI has recently traded at or below the 35 support zone+A strong bullish candle appears→ Long setup━━━━━━━━━━━━━━━━━━2. STRONG CANDLE FILTER━━━━━━━━━━━━━━━━━━The secondary RSI setups require candle confirmation.A candle is considered strong when:• Candle body is at least 1.2x the average candle body• Candle body represents at least 60% of the total candle rangeThis prevents ordinary low-momentum candles from confirming RSI zone signals.━━━━━━━━━━━━━━━━━━3. SIGNAL COOLDOWN━━━━━━━━━━━━━━━━━━CNPS17 includes a same-direction cooldown.Default:3 barsAfter a Long signal, another Long signal cannot immediately trigger within the cooldown window.The same applies independently to Short signals.This is designed to reduce repeated entries from the same RSI condition.━━━━━━━━━━━━━━━━━━4. ENTRY LOGIC━━━━━━━━━━━━━━━━━━LONG setups may come from:• RSI crossing into the oversold extreme zone• RSI reacting from the support zone with a strong bullish candleSHORT setups may come from:• RSI crossing into the overbought extreme zone• RSI reacting from the resistance zone with a strong bearish candleThe strategy can trade both directions.━━━━━━━━━━━━━━━━━━5. RISK MANAGEMENT━━━━━━━━━━━━━━━━━━Default CNPS risk parameters:Stop Loss: 5 pointsTake Profit: 15 pointsDefault theoretical Risk/Reward:1:3Position Size:3 contractsPyramiding is disabled.Optional filters can be enabled from the strategy settings, but the default configuration keeps the core RSI signal logic active.━━━━━━━━━━━━━━━━━━6. TIMEFRAME━━━━━━━━━━━━━━━━━━CNPS17 runs on the current chart timeframe.The original signal concept was designed primarily for short intraday timeframes such as:• 1-minute• 5-minuteHowever, the strategy itself does not hard-code a specific timeframe.Backtest results should therefore be evaluated separately for each timeframe.━━━━━━━━━━━━━━━━━━7. SESSION MANAGEMENT━━━━━━━━━━━━━━━━━━The CNPS strategy wrapper is designed for intraday trading.Default timezone:Asia/Ho_Chi_MinhOpen positions and new entries are controlled by the configured trading session.Positions are closed according to the strategy's end-of-session rules.━━━━━━━━━━━━━━━━━━8. BACKTEST ASSUMPTIONS━━━━━━━━━━━━━━━━━━Default Strategy Tester configuration:Initial Capital: 100,000,000Position Size: 3 contractsCommission: 10,000 VND per contractSlippage: 3 ticksPyramiding: 0Transaction costs and slippage are included in the strategy assumptions.━━━━━━━━━━━━━━━━━━9. OPTIONAL SETTINGS━━━━━━━━━━━━━━━━━━The strategy allows users to adjust:• RSI Length• Overbought level• Resistance level• Support level• Oversold level• Strong candle requirements• Signal cooldown• Trade direction• Stop Loss• Take Profit• Session settingsOptional filters should be tested carefully because excessive filtering can significantly reduce the number of trades.━━━━━━━━━━━━━━━━━━10. HOW TO EVALUATE THE STRATEGY━━━━━━━━━━━━━━━━━━CNPS17 is primarily a short-term RSI reaction strategy.Useful metrics include:• Profit Factor• Maximum Drawdown• Win Rate• Average Trade• Total Trades• Long / Short Performance• Performance by signal type• Commission sensitivity• Slippage sensitivityIt can also be useful to evaluate the four signal groups independently.━━━━━━━━━━━━━━━━━━DISCLAIMER━━━━━━━━━━━━━━━━━━This strategy is provided for educational, research and backtesting purposes only.It does not constitute financial or investment advice.Past performance does not guarantee future results.Trading futures and leveraged financial instruments involves substantial risk. Users are responsible for their own trading decisions and risk management.