Intraday RSI Reversals with Trading-Hours and Forced-Close Filters

Summary

This intraday strategy uses RSI threshold crossovers to trade equity index futures during the regular U.S. session. It opens a long when RSI rises above the oversold level and a short when RSI falls below the overbought level, then closes positions at or after the specified session end to avoid carrying them overnight. RSI length and thresholds are adjustable, and position shading is available as a visual aid.

The document reports a profit factor, win rate, and drawdown for an NQ June 2025 contract test, but elsewhere lists backtest settings for SOL/USDT futures over a different period. The discrepancy makes the reported figures difficult to assess, and the source's time-zone offset is set to zero despite describing Central Time, creating a risk that the session filter is misaligned. The strategy also lacks a stop-loss, and RSI reversals can generate false signals, particularly in strongly trending or choppy markets.

Key ideas

• Long entries follow RSI moves above the oversold threshold, while short entries follow moves below the overbought threshold.
• The system filters entries by weekday and session time and closes open positions after the daily cutoff.
• The text reports performance figures for an NQ test, but its published settings describe a separate SOL/USDT futures test.
• The stated Central Time schedule may not match the implementation because its UTC offset is zero, and no stop-loss is present.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.