Simple RSI Strategy - Rule Based Higher Timeframe Trading by EdgeLab
By EdgeLab
Performance Metrics
- Author: EdgeLab
- Symbol: NASDAQ:NDX
- Timeframe: 2 hours
- Net P&L: +173,159.19 USD (+173.16%)
- Win Rate: 72.5%
- Profit Factor: 2.687
- Max Drawdown: 26,316.16 USD (14.77%)
- Total Trades: 193
Description
HOW IT WORKSWith the default settings, the strategy buys when RSI reaches 30 and closes when RSI reaches 40.That’s it.A simple, rule-based mean reversion strategy designed for higher timeframes, where market noise is lower and trading becomes easier to manage.Core logic:Long when RSI moves into oversold territoryExit when RSI mean-reverts upwardOptional short trades from overbought levelsOne position at a time (no pyramiding)No filters. No discretion. Just clear, testable rules.MARKETS & TIMEFRAMESThis strategy is intended for:Indices (Nasdaq, S&P 500, DAX, etc.)Liquid futures and CFDsHigher timeframes: 2H, 4H and DailyThe published example is Nasdaq (NDX) on the 2-hour timeframe. Higher timeframes are strongly recommended.HOW TO USE ITApply the strategy on a higher timeframeAdjust RSI levels per market if neededUse TradingView alerts to avoid constant screen-watchingFocus on execution, risk control, and consistencyThis strategy is meant to be a building block, not a complete trading business on its own. For long-term consistency, it works best when combined with other uncorrelated, rule-based systems.IMPORTANTThis is not financial adviceAll results are historical and not indicative of future performanceAlways forward-test and apply proper risk managementFor additional notes, setups and related systems, visit my TradingView profile page.