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Pineconnector Reversal Trading Strategy

Transform your trading with Turnaround Technique EA, a sophisticated algorithmic trading solution designed to capture profitable market reversals using advanced RSI technology. This professional-grade Expert Advisor is perfect for traders seeking consistent returns through automated trading. Check out the Metatrader 5 Expert Advisor version on MQL5 market. Checkout the setup guide on YouTube
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Type: Instruments: , , , , ,

Most Versatile

Symbols: USDCAD, GBPUSD, EURUSD, XAUUSD, AUDUSD, BTCUSD, US30
Timeframes: H1, H4
Net profit: 903.72 %
Win Rate: 66.09 %
Profit Factor: 4.957
$ 59.00
$ 29.00

/ month

Description

Check out the Metatrader 5 Expert Advisor version on MQL5 market.

Checkout the setup guide on YouTube

 

Key Features

Advanced RSI Strategy

  • Proprietary RSI-based algorithm that identifies high-probability reversal points
  • Dynamic entry and exit points based on market conditions
  • Intelligent trend recognition system

 

Risk Management

  • Customizable risk parameters
  • Advanced position sizing based on account equity
  • Optional trailing stop loss functionality
  • Maximum drawdown protection

 

Trading Flexibility

  • Works on any timeframe
  • Customizable trading direction (long-only, short-only, or both)
  • Multiple currency pair support
  • No hedging restrictions

 

Technical Specifications

Minimum Requirements

  • Initial Capital: $1,000 recommended
  • Broker: Pepperstone or ICMarkets
  • Symbol: Works on any symbol, but you need to adjust the parameters accordingly

 

Key Parameters

  • Customizable RSI levels for entry and exit
  • Adjustable fibonacci take profit levels
  • Flexible lot sizing and risk management
  • Advanced trailing stop loss options

 

Performance Benefits

  • Fully automated trading system
  • Consistent performance across different market conditions
  • Clear entry and exit rules
  • Professional risk management
  • Regular updates and optimization

 

Ideal For

  • Traders seeking automated reversal trading strategies
  • Portfolio managers looking for systematic trading solutions
  • Investors wanting to diversify their trading approach
  • Both beginners and experienced traders

 

Note: Past performance does not guarantee future results. Trading involves risk of loss. Please test thoroughly on a demo account before live trading. You can also you other symbols and timeframes, but you need to adjust the parameters accordingly.

Parameter Description

Core Parameters

  • Risk: Risk percentage per trade for position sizing
  • Lots: Fixed lot size (if set to 0, lot size is calculated based on RISK)
  • Maximum drawdown: Maximum allowed drawdown percentage before closing all positions

 

RSI Settings

  • Top RSI: Upper RSI threshold indicating overbought conditions
  • Top reversal RSI: RSI level for confirming short entry signals
  • Bottom RSI: Lower RSI threshold indicating oversold conditions
  • Bottom reversal RSI: RSI level for confirming long entry signals
  • RSI bars check: Number of past bars to check for overbought/oversold conditions

 

Trade Management

  • Swing bars length: Number of bars used to identify swing points
  • Take profit fibonacci ratio: Fibonacci ratio used for take profit calculation
  • Minimum take profit size pips: Minimum take profit size in pips
  • Liquidated candles for reversal: Number of candles to check for market liquidation
  • Exit on reversal: Whether to exit positions on opposite reversal signals

 

This strategy combines RSI-based entry signals with advanced position management features including trailing stops and dynamic take profit levels based on market structure. The system is designed to capture reversals while maintaining strict risk management principles.

Note: For optimal performance, thoroughly test these parameters on a demo account before live trading.

Backtested parameters

USDCAD (H1)

  • Top RSI: 90
  • Top reversal RSI: 50
  • Bottom RSI: 40
  • Bottom reversal RSI: 20
  • RSI bars check: 20
  • Swing bars length: 5
  • Take profit fibonacci ratio: 0.75
  • Liquidated candles for reversal: 4
  • Exit on reversal: false

 

GBPUSD (H1)

  • Top RSI: 85
  • Top reversal RSI: 65
  • Bottom RSI: 30
  • Bottom reversal RSI: 35
  • RSI bars check: 5
  • Swing bars length: 10
  • Take profit fibonacci ratio: 0.25
  • Liquidated candles for reversal: 3
  • Exit on reversal: true

 

EURUSD (H1)

  • Top RSI: 60
  • Top reversal RSI: 60
  • Bottom RSI: 30
  • Bottom reversal RSI: 20
  • RSI bars check: 20
  • Swing bars length: 10
  • Take profit fibonacci ratio: 1
  • Liquidated candles for reversal: 3
  • Exit on reversal: false

 

AUDUSD (H1)

  • Top RSI: 60
  • Top reversal RSI: 55
  • Bottom RSI: 25
  • Bottom reversal RSI: 40
  • RSI bars check: 15
  • Swing bars length: 10
  • Take profit fibonacci ratio: 1
  • Liquidated candles for reversal: 1
  • Exit on reversal: true

 

XAUUSD (H1)

  • Top RSI: 90
  • Top reversal RSI: 90
  • Bottom RSI: 30
  • Bottom reversal RSI: 50
  • RSI bars check: 20
  • Swing bars length: 10
  • Take profit fibonacci ratio: 1
  • Liquidated candles for reversal: 3
  • Exit on reversal: false

 

US30 (H1)

  • Top RSI: 90
  • Top reversal RSI: 90
  • Bottom RSI: 35
  • Bottom reversal RSI: 45
  • RSI bars check: 15
  • Swing bars length: 15
  • Take profit fibonacci ratio: 0.5
  • Liquidated candles for reversal: 3
  • Exit on reversal: false

 

BTCUSD (H1)

  • Top RSI: 90
  • Top reversal RSI: 90
  • Bottom RSI: 35
  • Bottom reversal RSI: 47
  • RSI bars check: 10
  • Swing bars length: 10
  • Take profit fibonacci ratio: 0.5
  • Liquidated candles for reversal: 4
  • Exit on reversal: true

 

FAQ

How to setup Pineconnector?

  1. Create a Pineconnector subscription and get the license number
  2. Input the license number into the Pineconnector account number
  3. Add the Pepperstone (or any broker) account size in the Initial capital in Properties
  4. Add the Risk for dynamic lots calculation or use a Custom lots
  5. Create an alert and add {{strategy.order.comment}} in the Message and add the Pineconnector Webhook URL as specified in the docs
  6. Proceed with the EA and VPS setup specified in the Pineconnector docs.

 

Strategy did not generate any orders/trades

Try to increase the Initial Capital or change the chart provider/broker. Some symbols required a minimum size per trade.

Error on bar: Invalid qty value

Decrease the risk or custom lot size,

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How it works

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Add it to your chart

Go to TradingView (open an account) and add the strategy/indicator to your chart

Grow your account!

Set up alerts and/or automate your strategy with e.g. Wundertrading or PineConnector

Questions & Answers

You can test every strategy/indicator risk free with 30-day money-back guarantee. If you shouldn’t be satisfied you can just cancel your subscription within 1 click in your dashboard.

Just send us a message and you will get your money back instantly.

We deeply tested every strategy, so you can be sure that the results are 100% real and they function like intended.

Our strategies are top notch and one of the best in the trading space – So the chance of getting profitable is very likely. However markets are volatile and there is no strategy that can ensure profits long term.

We try to provide best quality and profitable indicators and strategies. But historical data never ensures future results. No indicator or strategy will ensure profit. 

Please check our indicators and strategies, find the one(s) you like to use and investigate yourself before taking real trades.

Please understand that this is no investing or financial advise. Only invest money that you are able to lose and test indicators and strategies yourself. We assume no liability for positive or negative results.

1. Find a strategy/indicator you like and test it risk free with 30-day money-back guarantee

2. Go to TradingView and check our indicators and strategies, find one or more you like to use.

If you subscribe to an indicator/strategy you get access to it on TradingView within 24 hours. When you have access you will get an email. Then just search for the indicator/strategy on TradingView and add to chart.

Now you can setup the strategy with your broker’s settings and setup alerts.

Here is a video tutorial of how to use

(if you are not satisfied with the strategy/indicator you can cancel your subscription within 1 click)

When they are so profitable why should they sell them? Good question and it’s a valid point, but it can indeed make sense for profitable traders to sell their scripts.

The answer is pretty simple: A second income stream. 

While markets are volatile and no indicator or strategy works perfectly, even top traders have bad times with drawdowns and losses. Selling scripts provide them another income stream that helps them to earn money even in bad market times. 

Also consider that traders normally have a bunch of indicators and strategies, allowing them to sell some of them and keep others.

If you want to sell indicators/strategies yourself start here!

Just go to “Subscription” in your user dashboard and click on “cancel subscription” – That’s it!

  1. Just add it to your chart on TradingView (Click on add indicator, invite only)

  2. Setup correctly – You find all details for settings, instruments and timeframes on the details page of the strategy (on pineindicators.com) 

  3. Add alerts (and if you want connect to your broker)

Here is a video tutorial with the whole process

“Best” is really subjective and depends on your own trading style.

But in terms of profit the “Relative Strength Trend Strategy” is the most profitable right now.

If you like to trade specific markets and instruments, we have especially optimized strategies for that:

Yes, you can!

Our strategies are just for TradingView, but you can still automate these and connect them to your broker with tools like PineConnector, which connects the strategy right to your MT4/5 or with Wundertrading

We will help you set it up and get it running for you – Just send a message in the live chat!

Our strategies are deeply backtested and optimized, as well as risk adjusted (You can also set your own risk level). The likelihood of losing money long term is very low. 

You can test them yourself deeply on TradingView.

But of course trading is risky and in bad market conditions it can come to drawdowns. Historical results never ensure future profits.

You find all information about the right settings on the details page of the strategy (on pineindicators.com).

Here is a video tutorial how to set up correctly

When you want to change the currency it can come to an error of the script. This happens because some of our strategies use the initial capital to calculate order size (to be more profitable, have less drawdowns and let you set your own risk level), but this changes the value of the ratio between risk multiplier and initial capital and can result in an error.

But here is the solution to it:

  • Change your risk multiplier to more suitable level for your currency value to get it back in the right ratio. (For IDR for example set it to around 0.07)
  • Don’t set your initial capital too low, because the minimum order size in TradingView is 0.1 lots (Which also results in an error)


Here is a video tutorial on how to change currency and get rid of errors

Don’t worry, this is easy to fix!

Depending on your stand it can one of the following reasons:

  • You haven’t subscribed yet: Please start your risk free subscription enter your details and continue.
  • The seller hasn’t granted you acces yet: After starting your free trial the seller has 24 hours to grant you access. Usually you will receive access way faster (after one hour).
  • It’s not visible in indicators on TradingView: Log out and in again on TradingView and refresh the page. Go to “Invite only” and search for the strategy. You’ll find the exact name on the details page of the strategy on pineindicators.com
  • You get an error: Choose the correct instrument, timeframe and settings for your strategy. You find all information on the details page of the strategy on pineindicators.com

Still not working? Send us a message, we are happy to help!

Don’t worry, this is also easy to fix!

Choose the correct instrument, timeframe and settings for your strategy. You find all information on the details page of the strategy on pineindicators.com

If you change the settings, like the initial capital or currency it can also create an error: Please adjust it correctly by using more initial capital and/or in-/decrease your risk multiplier (For example for IDR try 0.07)

Here is a video tutorial on how to change currency and get rid of errors

Of course not. All strategies are deeply backtested to make sure they are non repainting, giving real time alerts and signals and have build in risk management, so you can just focus on trading and don’t need to worry about any technical stuff.

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