BCH Short DCA Strategy Triggered by a Lower-Timeframe RSI Rollover

Summary

This short-only BCH perpetual strategy opens a position when a lower-timeframe RSI crosses down through an overbought threshold. It can submit the initial order as a limit or market order, then add a configurable series of averaging orders at fixed percentage increases above the base entry. The default settings use evenly spaced additions of equal size, increasing exposure as price moves against the short.

Exits use a hard stop above the position’s average entry and a profit threshold below it. Once price reaches that profit level, the script tracks the lowest price and closes after a specified rebound. The code also supports a date window, chart annotations, trade status displays, and alert messages for a DCA bot. These are implementation settings for a particular BCH market configuration, not evidence that the approach is profitable; averaging into adverse price movement can increase losses, and execution, fees, and timeframe behavior affect outcomes.

Key ideas

• A lower-timeframe RSI crossing down through an overbought level triggers a short entry.
• A configurable ladder adds short exposure at percentage deviations above the original entry.
• The profit exit activates after a target move and trails the lowest price by a rebound percentage.
• A hard stop limits the strategy’s intended loss distance from the average entry.
• The code includes bot alerts and backtest visualizations but supplies no independent evidence of profitability.

Tags

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