A 15-Order Long DCA Grid with Average-Price Take Profit

Summary

This strategy opens a long position, then adds up to 14 more orders as price falls in successive 1.1% steps from the latest grid level. Each added order grows by a 1.2 multiplier from a $100 base order. When a position is open, the script sets a take-profit limit 1.8% above its average entry price and resets the order count after the position closes.

The document provides the strategy rules and script parameters, but no backtest results, market, or timeframe evidence. The fixed order cap bounds the number of additions, while increasing order sizes concentrate more exposure at lower prices. The approach is long only and has no stated stop loss, so a sustained decline could leave capital committed without a defined exit. Actual fills, fees, and performance are not assessed in the document.

Key ideas

• The strategy begins with a long order sized at $100.
• It adds up to 14 orders when price falls 1.1% from the last grid level.
• Order cash size increases by a factor of 1.2 for each successive addition.
• The take-profit limit is set 1.8% above the position's average entry price.
• The document provides no backtest evidence or stop-loss rule.

Tags

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