ATOM RSI Entries with Fixed DCA Safety Orders
Summary
This is a long-only dollar-cost-averaging strategy for an ATOM perpetual market. A 14-period RSI on a four-hour timeframe arms the initial entry when it falls below 28. If price declines from the base entry, five safety orders can be placed at fixed deviations of 2%, 5%, 9.5%, 16%, and 25%, with order sizes scaling upward from the base. The stated take profit is 3% above average entry, and the script includes commission and slippage assumptions.
The visible description estimates that all safety orders filled would deploy about $20,633 against a $100,000 account. It explicitly has no stop loss, and adds stop at the fifth safety order, leaving downside exposure if price continues falling. The source excerpt ends partway through the webhook inputs, so later implementation details cannot be assessed. No strategy report or performance results are included in the supplied text.
Key ideas
- A four-hour RSI below 28 triggers the initial long entry.
- Five safety orders are placed at fixed declines from the base entry.
- Order size increases across the safety-order ladder, with a stated 1.8 scaling factor.
- The take-profit target is 3% above the average entry price.
- The strategy has no stop loss and caps additions at five safety orders.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.