A Long-Only SOL RSI Strategy with a Bounded DCA Ladder
Summary
This script outlines a long-only dollar-cost-averaging approach for SOL. A base order is armed when the one-hour RSI, using a configurable length and threshold, is below its entry level. If price moves down, up to three averaging orders can be placed at geometrically increasing deviations, with order sizes that also grow geometrically. The position exits at a fixed take-profit distance from its average entry price. The comments explicitly specify that the design has no stop loss or trailing exit and describe a cap on deployed capital from limiting the number and size of orders.
The visible portion provides default configuration details and says these are calibrated for SOL/USDT, but the submitted document ends partway through the script. It includes no completed backtest report or evidence of realized performance. A finite order ladder limits the configured capital commitment, but it does not cap market losses or ensure that price recovers to the take-profit level. Fees, slippage, asset drawdowns, and the possibility of remaining in a losing position are material considerations when evaluating the approach.
Key ideas
- A low one-hour RSI condition arms the base long order.
- Additional buys are arranged at geometrically spaced price deviations.
- A geometric size schedule increases the size of later averaging orders.
- The exit is a fixed take-profit above the average entry, with no stop loss or trailing exit.
- A bounded order ladder limits configured deployment but does not eliminate downside risk.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.