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 66 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 profit factor above 3

@ Daily

3.95

Profit Factor

230.46 %

Total ROI

Premium users only

Premium users can access all backtests with a profit factor above 3

@ Daily

3.80

Profit Factor

65.20 %

Total ROI

Premium users only

Premium users can access all backtests with a profit factor above 3

@ 4 h

3.11

Profit Factor

137.46 %

Total ROI

Premium users only

Premium users can access all backtests with a profit factor above 3

@ DailyTradeSearcher backtest

3.10

Profit Factor

117.99 %

Total ROI

Spotify Technology S.A. (SPOT)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

2.57

Profit Factor

101.70 %

Total ROI

AST SpaceMobile, Inc. (ASTS)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

2.29

Profit Factor

91.15 %

Total ROI

Palantir Technologies Inc. (PLTR)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 4 h

2.26

Profit Factor

184.52 %

Total ROI

KLA Corporation (KLAC)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 4 h

2.20

Profit Factor

121.40 %

Total ROI

General Motors Company (GM)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ Daily

2.10

Profit Factor

51.58 %

Total ROI

Coca-Cola Company (The) (KO)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 15 min

1.90

Profit Factor

82.23 %

Total ROI

USTCUSDT SPOT (USTCUSDT)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 4 h

1.90

Profit Factor

1,390.37 %

Total ROI

169

ONDO / TetherUS (ONDOUSDT)

+ Oversold RSI with tight SL Strategy (by Coinrule)

@ 4 h

1.87

Profit Factor

105.72 %

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

+90%

Avg net profit

+14%

Avg annualized return

32%

Avg max drawdown

0.15

Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 3% 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	+201%	30%	0.18
Stocks	728	1.5	+59%	26%	0.13
Forex	66	1.2	+9%	—	0.05

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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