Double in two years?! Strong in range-bound markets 'RSITurn'
1-Month Forward Return +10%!
Earn steady profits with RSI-based short-term contrarian trading.
【RSI Turn Overview】
Currency pair：[USD/JPY]
Trading style：[Scalping]
Maximum number of positions: 5 (shorts 4, longs 4, 5 positions held simultaneously)
Used timeframe: M5
Maximum stop loss: 80 pips
Take profit: closed by trailing stop. Freely customizable.
On the USD/JPY 5-minute chart, we scalp to accumulate profits by waiting for the RSI to rebound from the upper or lower bounds.
・Closings are primarily based on user-defined trailing conditions.
・Trailing stops are calculated internally and do not place stop orders on the server。
・Day-close can be specified with start and end times (default includes day close).
・Week start day and time, and week end day and time can be specified.
・All parameter times use server time. Defaults set to GMT+3 in summer, GMT+2 in winter.
・Can operate to preemptively avoid market turbulence during important events.
【Official Backtest Analysis】
Margin 500,000 yen, fixed 0.1 lot, maximum drawdown 66,000 yen,
Over two years, net profit is +470,000 yen,about 2x in 2 years.
【Long-Term Backtest Analysis】
2010–2017, spread 0.5, fixed 0.1 lotbacktested
（Figures shown in USD; please treat as Japanese Yen.)
Maximum drawdown 240,000 yen, net profit +570,000 yen
（Annual profit/loss）
2012 and 2013 show losses.
From 2014 onward, the balance shows a steady upward trend, indicating this EA is better suited for ranging markets.
It yields +400,000 yen over 2016 and 2017.
【Trading Example】
Those accustomed to trend-following enter at points where entering against the trend is difficult.
Since about 70% of markets are range-bound, this is a strategy to skillfully capture those ranges.
In markets showing support/resistance turns, you might place sell orders only on pullbacks, suggesting a multi-time-frame approach.
【Common concerns about contrarian EAs are resolved!】
Concerns about contrarian EAs are,
・Sudden trends can lead to large stop losses
・Entering contrarian trades in clearly trending markets
do exist, but
『RSITurn』
can operate to preemptively avoid market turbulence during important events.
By default, it is designed not to enter during nighttime trading hours,
and closes early on Fridays.
（Parameter details: default）
【Would you consider adding RSI Turn as a range EA to your portfolio?】
It struggles in extreme trend markets like Abe-nomics in 2012, but excels in calm markets.
When building a portfolio, it's said to pair trend-following and range-reversal types,
and this is the type of EA you’d want to include as a range-reversal one!
『RSI Turn』
14,800 yen
RSITurn
