# Weekly Reversal FX Strategy

Enters trades based on weekly reversal conditions and uses RSI, Bollinger Bands, and price action to determine entry and exit levels.

Canonical: https://prismaticalgos.com/compendium/algo/2186-weekly-reversal-fx-strategy
Record ID: 2186
Catalog rank: 2635 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Mean Reversion & Counter-Trend (B)
Source: https://www.prorealcode.com/topic/changes-to-weekly-reversal-fx-strategy/
Evidence label (unverified): source_code

## 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

Build warnings: DAILY_LOW_COUNT: daily-or-slower timeframe on a single instrument. Expect well under 100 trades in five years, so a backtest will rarely reach statistical significance on its own.

## Recorded profile

- symbols: any
- timeframes: D1
- sessions: any
- market_regime: any

## Indicators

- RSI: {"period": 14}; applied to: close
- Bollinger Bands: {"period": 20}; applied to: close

## Recorded long-entry rules

- close+(0.001*close)

## Recorded short-entry rules

- close-(0.001*close)

## Recorded exit rules

- stoploss = close+sldistance
- takeprofit = close-sldistance*5
- stoploss = entry-sldistance
- takeprofit = entry+sldistance*5

## Recorded filters

- high=highest[5](high)
- rsi[14]>=65
- high > BollingerUp[20](close) * (1 - 0.01)

## Risk controls

- Stop loss: close+sldistance
- Take profit: close-sldistance*5
- Position sizing: lotsize contract