Session High-Low Breakouts with RSI Filters and Fixed Targets

Summary

This short-term strategy records a session’s high and low as breakout levels, then uses RSI to filter entries. A close above the high with RSI above the specified threshold triggers a long; a close below the low with RSI below its threshold triggers a short. The document describes target prices a fixed distance beyond the corresponding level and places stops at the opposite session extreme. It also discusses possible refinements, including dynamic stops, volume or volatility filters, parameter testing, and alignment with the broader trend.

The settings and source code are provided alongside a BTC/USDT futures backtest configuration, but no performance results are given. The narrative refers to a 9:15 candle, while the source parameters define a 9:00–9:15 session and calculate its high and low. The code plots target and stop levels but does not submit exit orders at them; it only submits entries when signals occur. The fixed levels, time-zone assumptions, RSI thresholds, and lack of implemented exits limit what can be concluded about actual trade outcomes.

Key ideas

• The strategy uses a session high and low as breakout levels and applies RSI thresholds to entry signals.
• The described long and short targets extend a fixed distance beyond the corresponding session boundary, with stops at the opposite boundary.
• The source defines a 9:00–9:15 session, despite the prose referring to a 9:15 candle.
• The source plots target and stop levels but does not implement orders to exit at those levels.
• The backtest configuration reports a market and period but no performance results.

Tags

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