Hobbiecode - RSI + Close previous day

Script from: TradingViewIntradayMomentumMean reversionReversal

Utilizing the "Hobbiecode - RSI + Close previous day" strategy, traders enter a position on SPY or Mini Futures SP500 when a low RSI(2) below 15 is observed at the day's close. Trades are exited if the closing price of the day surpasses the previous day's high. Optimal performance is verified through backtesting on D1 timeframe data from 1993. Engage and discuss improvements or observations for collective benefit.

Top 80 Backtests of Hobbiecode - RSI + Close previous day

Explore the most profitable cryptocurrency and stock backtests with Hobbiecode - RSI + Close previous day Strategy (on TradingView).

Filters

Premium users only

Premium users can access all backtests with a Risk/Reward Ratio > 3

@ Daily

6.68

Risk Reward

262.04 %

Total ROI

Oklo Inc. (OKLO)

+ Hobbiecode - RSI + Close previous day

@ Daily

2.21

Risk Reward

314.53 %

Total ROI

fuboTV Inc. (FUBO)

+ Hobbiecode - RSI + Close previous day

@ 1 h

1.77

Risk Reward

32.47 %

Total ROI

632

Spectral AI, Inc. (MDAI)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.66

Risk Reward

47.09 %

Total ROI

VIRTUAL / TetherUS (VIRTUALUSDT)

+ Hobbiecode - RSI + Close previous day

@ Daily

1.66

Risk Reward

132.52 %

Total ROI

Kenvue Inc. (KVUE)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.45

Risk Reward

6.74 %

Total ROI

Procter & Gamble Company (The) (PG)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.44

Risk Reward

789.43 %

Total ROI

870

QUALCOMM Incorporated (QCOM)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.41

Risk Reward

3,296.12 %

Total ROI

905

Exxon Mobil Corporation (XOM)

+ Hobbiecode - RSI + Close previous day

@ Daily

1.36

Risk Reward

12,688.46 %

Total ROI

1052

General Motors Company (GM)

+ Hobbiecode - RSI + Close previous day

@ Daily

1.34

Risk Reward

228.20 %

Total ROI

273

Pepsico, Inc. (PEP)

+ Hobbiecode - RSI + Close previous day

@ 2 h

1.27

Risk Reward

370.91 %

Total ROI

1378

Newmont Corporation (NEM)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.24

Risk Reward

2,631.56 %

Total ROI

925

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Hobbiecode - RSI + Close previous day backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as intraday by holding period.

Backtests run

1.2

Avg profit factor

+429%

Avg net profit

+14%

Avg annualized return

47%

Avg max drawdown

0.12

Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 244% over the same window.

Performance by asset class

Market	Backtests	Avg profit factor	Avg net profit	Avg max drawdown	Avg Sharpe
Crypto	66	1.2	>1,000%	4%	0.20
Stocks	1,391	1.2	+372%	44%	0.10
Forex	72	1.2	+23%	7%	0.18

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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