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

Total Trades

Oklo Inc. (OKLO)

+ Hobbiecode - RSI + Close previous day

@ Daily

2.21

Risk Reward

314.53 %

Total ROI

Total Trades

fuboTV Inc. (FUBO)

+ Hobbiecode - RSI + Close previous day

@ 1 h

1.77

Risk Reward

32.47 %

Total ROI

632

Total Trades

Spectral AI, Inc. (MDAI)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.66

Risk Reward

47.09 %

Total ROI

Total Trades

VIRTUAL / TetherUS (VIRTUALUSDT)

+ Hobbiecode - RSI + Close previous day

@ Daily

1.55

Risk Reward

110.56 %

Total ROI

Total Trades

Procter & Gamble Company (The) (PG)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.45

Risk Reward

798.40 %

Total ROI

869

Total Trades

Kenvue Inc. (KVUE)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.45

Risk Reward

6.74 %

Total ROI

Total Trades

QUALCOMM Incorporated (QCOM)

+ Hobbiecode - RSI + Close previous day

@ 4 h

1.39

Risk Reward

3,169.93 %

Total ROI

903

Total Trades

Exxon Mobil Corporation (XOM)

+ Hobbiecode - RSI + Close previous day

@ Daily

1.35

Risk Reward

13,585.36 %

Total ROI

972

Total Trades

General Motors Company (GM)

+ Hobbiecode - RSI + Close previous day

@ Daily

1.35

Risk Reward

230.79 %

Total ROI

272

Total Trades

Pepsico, Inc. (PEP)

+ Hobbiecode - RSI + Close previous day

@ 2 h

1.27

Risk Reward

372.87 %

Total ROI

1373

Total Trades

CleanSpark, Inc. (CLSK)

+ Hobbiecode - RSI + Close previous day

@ 1 h

1.26

Risk Reward

1,525.33 %

Total ROI

951

Total Trades

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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

+438%

Avg net profit

+13%

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 306% over the same window.

Performance by asset class

Market	Backtests	Avg profit factor	Avg net profit	Avg max drawdown	Avg Sharpe
Crypto	66	1.1	>1,000%	4%	0.19
Stocks	1,391	1.2	+383%	44%	0.10
Forex	72	1.2	+22%	7%	0.17

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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