Dual RSI DCA Long Strategy with Five Safety Orders
Summary
This excerpt describes a long-only dollar-cost averaging framework using two separate lower-timeframe RSI signals. An RSI crossing upward through an oversold threshold arms a base entry; an RSI crossing downward through an overbought threshold can trigger a take-profit exit, provided the position has reached a minimum profit. The strategy also defines a ladder of up to five safety orders, with configurable price deviations and increasing order sizes. Base and safety-order sizing, commissions, slippage, date limits, and bot webhook fields are configurable.
The excerpt supplies parameter defaults and comments about the intended exposure cap, but it does not include the order-management or signal-execution code that would show how the strategy implements those settings. It gives no backtest results or evidence of profitability. There is no stop loss, so a bounded number of averaging orders limits planned deployment only under the stated sizing assumptions; it does not by itself cap losses or prevent further price declines. The displayed portion is therefore useful for understanding the design, but insufficient to assess execution details or performance.
Key ideas
- An upward lower-timeframe RSI threshold crossing is intended to arm the long base order.
- A separate downward RSI crossing can arm take profit, subject to a minimum profit condition.
- Up to five safety orders add exposure at configurable adverse price deviations and sizes.
- The excerpt states that the design has no stop loss and provides no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.