# PropDip

Buys short dips in US stock indices based on RSI(2) and 200-day average.

Canonical: https://prismaticalgos.com/compendium/algo/10392-propdip
Record ID: 10392
Catalog rank: 1423 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Mean Reversion & Counter-Trend (B)
Source: https://www.mql5.com/en/market/product/201990
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: US500, NAS100, US30
- timeframes: M30
- sessions: 16:00-16:15 New York GMT
- market_regime: trending|ranging|volatile|breakout|any

## Indicators

- RSI: {"period": 2}; applied to: close
- SMA: {"period": 200}; applied to: close
- SMA: {"period": 5}; applied to: close
- ATR: {"period": 10}; applied to: close

## Recorded long-entry rules

- RSI(2) < 10
- close > 200-day SMA

## Recorded short-entry rules

- Not specified.

## Recorded exit rules

- first close > 5-day SMA
- 20 closes after entry

## Recorded filters

- spread filter
- margin check
- volume normalisation

## Risk controls

- Stop loss: 3 x ATR(10) below entry
- Take profit: Not specified
- Position sizing: Risk % of equity, position value % of equity, or fixed lots