ATOM Long Strategy Using RSI and Fixed-Offset Averaging Orders

Summary

This long-only strategy arms an entry when a 14-period RSI on the four-hour timeframe falls below 28. After the base order, it places up to five additional orders at fixed percentage declines from the base entry price. The order sizes increase across the ladder, while a take-profit closes the position when price reaches a set percentage above the updated average entry price. The script also includes a date filter, configurable order values, chart annotations, and webhook alerts.

The document states that there is no stop loss and no averaging order below the fifth rung, leaving downside exposure bounded by the configured ladder but not by a loss limit. It describes defaults for an ATOM perpetual market and gives example capital allocations, but provides no reported backtest results or evidence of profitability. Performance and risk depend on market conditions, fill behavior, fees, and parameter choices; the RSI trigger and fixed take-profit do not ensure a position will recover.

Key ideas

• A long entry is triggered by a four-hour RSI reading below the configured threshold.
• Five averaging orders use fixed declines from the base entry price and increasing order sizes.
• The exit is a fixed take-profit above the position’s average entry price.
• The strategy has no stop loss, so a fully deployed position can remain exposed to further declines.
• The document describes configurable defaults but supplies no performance results.

Tags

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