(binned per thread starter’s request) reversionX: A Rule-Based

Trade breakdown — every valid setup is included, no cherry-picking as always. You’ll notice trades 3, 4, and 5 weren’t ideal, but the idea is show if took them all. Here are the results:

1. Trade 1: -1R
2. Trade 2: +2R
3. Trade 3: +0.7R
4. Trade 4: -1R
5. Trade 5: +0.2R
6. Trade 6: +2R
7. Trade 7: +2R
8. Trade 8: +1.8R (still running)

Total: +6.7R

Missed this beautiful setup

Even just on the 5-minute chart, it’s a beautiful setup — but if you zoom out and include the 15-minute context, you’ll see a clean pin bar showing strong rejection and bullish pressure. Really solid setup overall.

Nice setup ... let's see how it plays ...

Would have netted 2r. Nice.

I can see divergence on it. Other than that did you look for any other signs to identify as a good setup ?

No.. apart from all the other rules, divergence is like an add-on...

quick 2R move. Hopefully someone caught it! I shared it live

rishee, thanks for sharing the system and trades breakdown.
Do you prefer a single timeframe or take trades as they form on both M5/M15?

Caught the below trade this morning on Gold. Thought its going to stop me out, but then decided to go lower.

Awesome..

Single-timeframe signals can definitely be powerful on their own. But the more confluences we have in trading, the higher the probability of success, and that’s where multi-timeframe analysis comes in. A 5M–15M combo is very effective, but it’s not a must. It really depends on your style and what you’re comfortable with.

Another clean setup and a beautiful trade — clear divergence, MACD showing fading momentum, and perfect timing for the short.

Kind of risky setup... lets see how it plays out

HI BUD

At what point do you move a trade to breakeven ?

took us out

I’m not trying to be preachy or beat around the bush here, but there’s no one-size-fits-all rule for when to move your stop to breakeven. A common and practical approach is after reaching 1R. For beginners, this helps manage risk and protect capital early on. With experience and more screen time, you may choose to hold trades longer for bigger profits, but starting with breakeven at 1R builds discipline.

Psychologically, it’s tough when a trade moves to 1.8R and then reverses to hit your stop loss. That frustration often leads to revenge trading — chasing losses in an emotional state — which can be disastrous for your account.

Break even is always better than a loss, but it’s important to look at the bigger picture over many trades. For example, imagine you take 100 trades with these results: 40 wins, 40 losses, and 20 break evens. If your average win is 2R and loss is 1R, the total outcome would be:

1. Wins: 40 × 2R = 80R
2. Losses: 40 × 1R = 40R
3. Break evens: 20 × 0R = 0R

Net result = 80R - 40R + 0R = 40R profit

Now, consider a scenario where out of those 20 break even trades, 10 actually hit take profit (2R) and 10 hit stop loss (1R). That effectively means:

1. Wins: 50 × 2R = 100R
2. Losses: 50 × 1R = 50R

Net result = 100R - 50R = 50R profit

So you can see how the bigger picture shifts depending on how break even trades resolve. It all depends on your risk tolerance and trading style.

What makes this game exciting is that no one really knows which trade will hit take profit, stop loss, or breakeven — so every trader has to find their own balance and strategy that works for them.

One last trade for the day.. lets see how it plays out

took me out.. two wins two losses done for the day

Trade Breakdown:

1. Trade 1: 0R / -1R
2. Trade 2: 0.48R
3. Trade 3: 2R
4. Trade 4: 0R / -1R
5. Trade 5: 2R
6. Trade 6: 2R
7. Trade 7: 2R
8. Trade 8: Running (Not an ideal setup — technically valid, but the opposite Bollinger Band isn’t even at the 1R target, and the stop loss is too large for intraday)

Total Returns:

1. Conservative Outcome: 8.48R
2. Aggressive Outcome: 6.48R

My London session trades today
1: -1R. Poor trade, price moved too much and RR not great.
2: +2R.
3: +2R.
4: +2R.
5: -1R. Again not a good trade, was late on entry and 2R target is opposite bollinger band

New to this strategy so trading with very low risk and journaling each trade in-depth. Any critique or advice would be welcome.