Oversold RSI with tight SL Strategy (by Coinrule)

Script from: TradingViewSwingReversalBotMean reversionCandlestick

The "Oversold RSI with tight SL Strategy" utilizes the Relative Strength Index to identify entry points when RSI drops below 30, signaling an oversold condition. Exit occurs when a 7% gain is achieved, or if a 1% stop-loss is triggered. Suitable for daily time frames, this method offers potential profitability as shown with a 39.31% net profit on Chainlink in backtests while accounting for Binance's trading fee.

Top 58 Backtests of Oversold RSI with tight SL Strategy (by Coinrule)

Explore the most profitable cryptocurrency and stock backtests with Oversold RSI with tight SL Strategy (by Coinrule) Strategy (on TradingView).

Filters

Premium users only

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

@ Daily

3.95

Risk Reward

230.46 %

Total ROI

Premium users only

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

@ Daily

3.80

Risk Reward

65.20 %

Total ROI

Premium users only

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

@ 4 h

3.24

Risk Reward

140.17 %

Total ROI

KLA Corporation (KLAC)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 4 h

2.96

Risk Reward

133.21 %

Total ROI

Spotify Technology S.A. (SPOT)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

2.57

Risk Reward

101.70 %

Total ROI

AST SpaceMobile, Inc. (ASTS)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

2.54

Risk Reward

98.11 %

Total ROI

Rocket Lab Corporation (RKLB)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

2.45

Risk Reward

50.32 %

Total ROI

Palantir Technologies Inc. (PLTR)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 4 h

2.26

Risk Reward

184.52 %

Total ROI

General Motors Company (GM)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

2.10

Risk Reward

51.58 %

Total ROI

USTCUSDT SPOT (USTCUSDT)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 4 h

1.93

Risk Reward

1,305.36 %

Total ROI

163

Coca-Cola Company (The) (KO)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 15 min

1.87

Risk Reward

72.04 %

Total ROI

Sanofi (SAN)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

1.77

Risk Reward

41.30 %

Total ROI

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Oversold RSI with tight SL Strategy (by Coinrule) 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 swing by holding period.

Backtests run

1.5

Avg profit factor

+86%

Avg net profit

+12%

Avg annualized return

31%

Avg max drawdown

0.14

Avg Sharpe ratio

On average, backtests of this strategy lagged a buy-and-hold baseline by 28% over the same window.

Performance by asset class

Market	Backtests	Avg profit factor	Avg net profit	Avg max drawdown	Avg Sharpe
Crypto	55	1.6	+188%	30%	0.18
Stocks	723	1.5	+56%	25%	0.12

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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