RSI > 70 Buy / Exit on Cross Below 70 — Strategy by Boubizee
By Boubizee
Performance Metrics
- Author: Boubizee
- Symbol: BINANCE:BTCUSDT
- Timeframe: 4 hours
- Net P&L: +176.74 USDT (+176.74%)
- Win Rate: 34.4%
- Profit Factor: 1.743
- Max Drawdown: 21.85 USDT (16.30%)
- Total Trades: 334
Description
This strategy buys when the RSI (Relative Strength Index) closes above 70, indicating strong market momentum. It closes the position as soon as the RSI crosses down and falls below 70, to secure profits before a possible reversal.In summary:Entry: RSI > 70Exit: RSI crosses down below 70It’s a momentum-based strategy that aims to take advantage of strong trends but exits as soon as the momentum weakens.