RSI Oversold Overbought Trading Strategy by SmartEdgeTrading
By SmartEdgeTrading
Performance Metrics
- Author: SmartEdgeTrading
- Symbol: OANDA:XAUUSD
- Timeframe: 2 hours
- Net P&L: −456.36 USD (−4.58%)
- Win Rate: 56.8%
- Profit Factor: 0.699
- Max Drawdown: 651.78 USD (6.43%)
- Total Trades: 95
Description
Simple Strategy Description (Easy to Understand)This strategy is based on one technical indicator only: RSI (Relative Strength Index).It is designed to catch market reversals when price becomes oversold or overbought.How the Strategy WorksWhen the market is oversold, RSI moves up from the lower level → the strategy opens a Buy (Long) tradeWhen the market is overbought, RSI moves down from the upper level → the strategy opens a Sell (Short) tradeTrade LogicBuy EntryRSI crosses above the oversold level (30)Indicates potential upward reversalSell EntryRSI crosses below the overbought level (70)Indicates potential downward reversalExit RulesBuy trades close when RSI reaches the overbought areaSell trades close when RSI reaches the oversold areaKey FeaturesUses only one indicator (RSI)Works on any market ( Crypto , Forex, Stocks)Works on any time frameShows clear Buy & Sell signals on the chartSuitable for beginners and clean strategy testingNo repainting logic